Updated: Mar 28, 2020
Irene Huhulea with Investopedia tapped some of the top financial advisors, including Lazetta Rainey Braxton, to weigh in on the market.
It has been an unsettling time for investors of all levels as U.S. markets have gone from record highs into a vicious bear market in under a month. The volatility has been head-spinning as the entire global economy has effectively come to a stand-still as the global pandemic spreads from country to country. Helping individual investors navigate that and the other threats to their personal finances has financial advisors working overtime to help their clients through this unprecedented time.
Several of Investopedia’s Top 100 Financial Advisors offer guidance on how to address some of the most pressing client concerns.
An Unprecedented Time
As COVID-19 continues to spread around the world, investors are struggling to understand the long-term implications of the economic shifts they’re seeing. For advisors, offering clients a way to make sense of the changes can go a long way toward alleviating anxieties and helping clients create proactive strategies for the months ahead.
“This is an unprecedented time and people are focused on living their lives the best they can,” says Lazetta Braxton, Co-CEO and senior financial planner at 2050 Wealth Partners. And while the current circumstances may be different than what investors have dealt with in the past, the action plan remains the same: accessibility and a holistic approach remain key during this crucial time.