Many advisors have seen economic fear up close and personal this year. "Some clients have lost good jobs," reports Marilyn Capelli Dimitroff, a planner at Capelli Financial Services in Bloomfield Hills, Mich. "It's a shock at all levels, psychologically as much as financially."
For such clients, planners can play a vital role in facilitating their economic survival. "We do financial triage," Dimitroff says. The priorities involve uncovering spending needs and finding enough resources to cover those necessities.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access