Issue 28, 2013
Take a look around: the facesand needsof the affluent population are changing. Greater diversity, emerging sources of wealth and other new dynamics require advisors to keep up. How can an advisor avoid becoming obsolete? To attract and retain the most valuable affluent clients in the coming decades, advisors need to recognize the changing dynamics of affluence and adapt accordingly.
The third quarter of 2013 was one of uncertainty. Investors spent much of the quarter contemplating whether the Federal Reserve would announce a reduction of its ongoing bond purchase program, commonly known as quantitative easing, during the September meeting.