WASHINGTON — Amid the market turbulence, the majority of clients are choosing to stick with their existing plans, a survey of more than 5,000 certified financial planners revealed.
According to a Certified Financial Planner Board of Standards Inc. survey, 78% of clients are standing firm with their financial plans as 57% review asset allocation. Forty-eight percent are reviewing financial goals, 45% said they are moving assets to lower-risk positions, 40% are taking advantage of investment opportunities and 37% are rebalancing their portfolios, the data showed.
Two-thirds of financial planners have seen an increase in potential clients over the past several weeks, with 27% reporting a "significant" increase and 39% a "moderate" increase.
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