Reducing the need to pick individual investments gives advisors more time to devote to the advice their clients need, says a UBS Financial Services executive.
“At times, reaching out to professionals just seems like a cost and not an investment into the future” for some families, says Interchange Capital Partners’ Brian Baum.
For advisors looking to generate income in their clients’ accounts, high yield bonds may be an answer, so long as clients don’t overpay for the exposure.
When building a bond portfolio in a low-rate environment, advisors should be wary of active funds that charge high fees for benchmark-hugging exposures.