When clients' risk objective doesn't match with their return objective, what should wealth managers do?...

60.1K

Verified Solution

Question

Finance

When clients' risk objective doesn't match with their return objective, what should wealth managers do? Use the higher value of the two objectives in designing investment strategies. Respect the clients' desire, and try your best to find a perfect solution Tell the clients they can't achieve their goals, and educate them the importance of matching return objectives with risk tolerance level Warn the clients that that won't work, and walk away from them
image
When clients' risk objective doesn't match with their return objective, what should wealth managers do? Use the higher value of the two objectives in designing investment strategies. Respect the clients' desire, and try your best to find a perfect solution Tell the clients they can't achieve their goals, and educate them the importance of matching return objectives with risk tolerance level Warn the clients that that won't work, and walk away from them

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students