To measure clients' risk tolerance, see what they did in 2008

11/21/2013 |

Financial adviser Jay Berger and his partners at Independent Wealth Management don't like to rely on a questionnaire to gauge their clients' risk tolerance. Instead, they like to ask what the client did in 2008. Berger observed that most of his clients stayed the course during the financial crisis, and he opined that whatever allocation clients can stay with the longest is the best choice, rather than what they think may be right under the circumstances.

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