RBC Wealth Management President Tom Sagissor discussed a wide range of topics in an interview with AdvisorHub, including volatile markets and the firm's focus on the financial advisor-client experience.
Sagissor shared that it is critical for a client to have a plan. When clients have a clear plan during times of uncertainty and market volatility, they also have peace of mind. Staying the course with a carefully crafted plan can help clients weather the storm, according to Sagissor.
Likewise, strong client relationships matter during market volatility. Clients need the trusted advice of their financial advisors now more than ever as emotions run high when the markets are in a spiral, Sagissor shared. Market volatility can take investors on an emotional rollercoaster; the advisor's job is to calm fears and keep clients on track with their goals. Advisors truly demonstrate their value when they help clients stick to their plans and avoid impulsive reactions that could have long-term consequences.
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