It's a tough job but advisors are rising to the occasion. That's the takeaway from a recent study from Natixis Global Asset Management on volatility, income and ensuring assets last.
Although most financial advisors (81%) say it's challenging to effectively manage volatility and generate sufficient income for clients already in retirement, nearly all advisors (95%) are confident that their current investment strategies will help clients better meet retirement income needs, according to the study.
"The current low-interest-rate, high-volatility environment makes it difficult for investors to achieve their retirement goals," John Hailer, president and CEO of the Boston and Paris-based firm, said in a statement. "It's encouraging that so many advisors believe they have the tools and strategies to help clients navigate these challenges, but most advisors know there's still a long way to go, in terms of building more durable portfolios."
Most financial advisors (81%) say clients continue to be concerned about the long-term durability of their assets, including meeting their retirement income goals and continuing declines in value of the real estate they own (59%).
