UBS, for example, is advising clients to steer clear of “sweeping changes” to their portfolios. Others are focusing on portfolio rebalancing and tax implications.
While the Fed’s new inflation-tolerant policy does not guarantee prices will rise in the near-term, it may be time to start thinking about how to position clients for the future.
The company has rolled out a new portfolio aimed at racial and gender diversity and another one aimed at climate impact, while updated its existing socially responsible investment offering.
“Maybe out of 50 conversations, one person is so passionate about their views that I'll have to make a note that they didn't take our counsel,” says Jason Katz.
James Gorman discussed a range of topics at the Sifma conference this week, including diversity, revenue matching goals, the E*Trade deal and investment strategies.
For smaller RIAs, acquiring new clients and improving satisfaction for existing clients continue to be the top strategic priorities, according to Charles Schwab.