After the so-called flash crash on May 6, and leading up to the $1 trillion debt bailout extended to Greece, the pros at Moss Adams knew how to react. They largely did nothing. There was no dumping of equities across the board. They did not pull up stakes and hunker down in cash positions.
“We don’t change our allocations based on the markets dropping or increasing,” said Sheryl Rowling, a San Diego-based partner at Moss Adams Wealth Advisors.