With 10-year Treasuries paying 2.37%, down from an already low 2.76% a year ago, and CD’s offering investors even less, in the 1.5% range for 5-year products, finding income for older clients remains a challenge for advisors.
Nicholas Lacy, vice president and director of institutional research asset management services at Raymond James in St. Petersburg, Fla., says one answer might be investing not in debt, but in European large-cap stocks.
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