Not long ago, investors didn't dare take a
peek at their account statements, fearful of the lingering effects of
the financial crisis. This year's bull market has changed all that. Many
investors are feeling confident and ambitious.
peek at their account statements, fearful of the lingering effects of
the financial crisis. This year's bull market has changed all that. Many
investors are feeling confident and ambitious.
"Folks
are finally looking at their portfolios again, trying to identify
whether they have the right strategies in place," says John Lesser,
president of Plante Moran Financial Advisors in Auburn Hills, Mich. "And
that spurs activity in the marketplace."
are finally looking at their portfolios again, trying to identify
whether they have the right strategies in place," says John Lesser,
president of Plante Moran Financial Advisors in Auburn Hills, Mich. "And
that spurs activity in the marketplace."
"Activity
in the marketplace" is a polite way of saying that investors are
shopping around for new advisors, seeing if their investments can do
even better. For the U.S.'s top independent advisors, that has meant a
surge in new business. Combined with strong investment performance, the
new assets are making for a standout year.
in the marketplace" is a polite way of saying that investors are
shopping around for new advisors, seeing if their investments can do
even better. For the U.S.'s top independent advisors, that has meant a
surge in new business. Combined with strong investment performance, the
new assets are making for a standout year.
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