Existing risk tolerance models have done nothing to help investors with any equity exposure this year, and with so many clients assets depleted by the market downturn, advisers are trying to find a new way to assess risk. That was one of the key findings of this years Retirement Indicator survey, of 212 financial advisers, sponsored by Brinker Capital.
Our year-end results make obvious what most advisers fearedthat their clients retirement security has been severely jeopardized by ongoing market deterioration, said John Coyne, president of Brinker Capital. At the beginning of this year, only 54% said their clients were not on track to a timely retirement. Now, that is 88%.