The Profitable Advisor Podcast

Two Words You Should Never Use With a Client


Listen Later

When markets are moving up and sentiment is strong, the financial media always points out the inevitable downturn. It gets more attention and attracts more eyeballs, but it’s still important to prepare for this even if you don’t know when it’s coming.

That’s why we want to talk about how financial advisors should approach these conversations and why it’s so important to communicate about what a down market will look like. But in doing so, we want to reframe some common misconceptions about market corrections and explain the significance of understanding market values based on demand.

As someone who has navigated the financial landscape for years, I understand the importance of preparing clients for the inevitable ups and downs of the market, and how to do it without using two words we don’t agree with.

Here’s some of what we discuss in this episode:

  • Conversations we’ve been having with people who have anxiety over the election and its impact on the market.
  • How to prepare your clients for the moment when the market will go down.
  • Why we don’t like to use the word correction when explaining market movement.
  • The reason why we don’t use the word overvalued.

Schedule a meeting with Dan: http://bookachatwithdan.com 

Read more and get additional financial resources here: http://renegadeadvisor.net 

...more
View all episodesView all episodes
Download on the App Store

The Profitable Advisor PodcastBy Dan Cuprill, CFP

  • 4.2
  • 4.2
  • 4.2
  • 4.2
  • 4.2

4.2

24 ratings


More shows like The Profitable Advisor Podcast

View all
Market Signals by LPL Financial by Market Signals by LPL Financial

Market Signals by LPL Financial

140 Listeners

7 Figure Annuity Sales by Chad C. Owen

7 Figure Annuity Sales

44 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,732 Listeners

The Efficient Advisor: Tactical Business Advice for Financial Planners by Libby Greiwe

The Efficient Advisor: Tactical Business Advice for Financial Planners

125 Listeners

Becoming An Elite Financial Advisor With Sten Morgan by Sten Morgan

Becoming An Elite Financial Advisor With Sten Morgan

91 Listeners