Stephanie Bogan, president of Quantuvis Consulting, suggests three steps advisers should take to ensure their survival during the market downturn. For example, Bogan says advisers first need to preserve their cash flow, but that they should take an active rather than a reactive approach to doing so. She suggests improving communication with clients through e-mails, lunches and conference calls. Increased upfront communication can help advisers deal with clients in a more orderly fashion, Bogan writes.

Full Story:
Financial Planning

Related Summaries