The financial crisis left wealthy investors with a better understanding of risk and of the importance of liquidity, financial advisers say. In addition, wealthy clients who own small-business now have a more positive outlook on the economy and are willing to take on a bit more portfolio risk, they add.
“They’re not running scared from the market,” says one adviser.
The story ends:
Stephen Blumenthal, chief executive of CMG Capital Management Group Inc., says he’s also seeing more confident investors.
“We aren’t seeing any digestion or discomfort with the way the market’s been behaving this year,” says Mr. Blumenthal, whose King of Prussia, Pa., firm manages $550 million in assets.
More clients are asking about boosting their stock allocations, and large investors are now far more broadly diversified than they had been pre-crisis, he says.
As for liquidity, “it’s front of mind, across the board, for every investor,” he says.
Hungry for more market intelligence? CMG Capital Management Group continuously updates advisors with research, commentary and news that can help you construct diversified portfolios. See CMG Research and Insight (samples below).
February 7, 2014, by Steve Blumenthal. What trips the wire? The bubble is in the bond market and it just might be the biggest bubble of them all. The headlock we find ourselves in is caused by the massive weight of debt. We owe too much, we have promised too much and we are not making enough. Out of sync, in steps the Fed and global central banks. We are desperate to find a way out. QE is powerful but comes with consequences. See 2/7/2014 On My Radar.
February 5, 2014, S&P 500 Index 1755 By Steve Blumenthal. Fear is clearly rising and investor sentiment is moving from excessive optimism toward excessive pessimism. I share this Trade Signals with you today via email. Included are a few extra charts that look at what I believe are logical correction targets. We are at one of those technical support levels today. See 2/5/2014 Trade Signals.
January 14, 2014, we hosted a webinar on the CMG Opportunistic All Asset Strategy. Mike Sciortino sat down with Jim Ruff, Former President of OppenheimerFunds to review the portfolio construction process of the CMG Opportunistic All Asset Strategy. During the webinar Jim also shared a personal story of how he built a resilient portfolio using this strategy as a core holding. Take a look at the webinar replay here.