9 Top Ways to Help Clients Invest for Retirement in 2023

Wealthy individuals and families are increasingly turning to financial professionals for critical advice about preparing for retirement.

As such, retirement savings and wealth accumulation represent an exciting and rapidly changing field for financial advisors as new, complex issues and financial strategies are emerging.

According to a panel of experts convened for a recent ThinkAdvisor webinar, the pace of innovation can only be expected to continue, and it is all but certain that clients will continue to demand more support from their advisors when it comes to preparing for retirement and achieving peace of mind about life after work.

The panel included Lara Castleton, U.S. head of portfolio construction and strategy at Janus Henderson Investors; Ayako Yoshioka, a senior portfolio manager with Wealth Enhancement Group; and Candice Tse, global head of strategic advisory solutions at Goldman Sachs Asset Management.

Clients across the wealth spectrum face a growing number of challenges in balancing different savings vehicles with legacy planning goals, longer lifespans and other concerns, the trio of experts said. They argued that advisors with the right retirement planning skill sets can deliver tremendous value to their clients, boosting both loyalty to their firm and revenue.

The trio further stressed that the current conditions in the equity and fixed income markets present novel challenges and opportunities for advisors and their clients. While market participants can expect continued volatility as the Federal Reserve continues its fight against high inflation, there are attractive investment opportunities on both sides of the portfolio.

See the slideshow for a rundown of nine key takeaways from the webinar, which was the first in a series of three planned retirement planning masterclasses hosted by ThinkAdvisor and sponsored by the Investments & Wealth Institute. The next session will be held on Oct. 19, and will feature a discussion about retirement spending. Interested advisors can register now to save their spot.

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