CEO Helen Yang was a recent guest on the In the Suite podcast. Listen and hear more about:
1. Risk tolerance is essential: “When the market goes up, nobody cares, everyone is happy. When the market goes down, the blaming game starts”. Helen stresses that client needs to understand that they could potentially lose money even in a relatively normal market.
2. You can lose money even if you invest in a diversified portfolio: People are under the impression that they will not lose money by investing in a diversified portfolio. The truth is, you can! Helen wants to have a transparent conversation at the very start so clients know what they are getting into.
3. It’s important to document: Advisors must document that the client agreed to the upside and downside tradeoff. Clients must take Andes’ patent-pending Risk Tolerance Test and have an honest conversation with the advisor to be aware of specific outcomes beforehand.
Click here to listen to the Podcast!
