Advisor's Edge 11/18/2024

Advisor's Edge

November 18, 2024

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Trivia Question❓

What term is used to describe a prolonged period of declining prices in the stock market, typically lasting more than two months?

Answer at the bottom of the newsletter

Client Conversations: Explaining Market Corrections with Confidence

Market corrections can be unsettling for clients, often leading to anxiety about their investments. As financial advisors, it’s crucial to approach these conversations with clarity and confidence. Here are key strategies for effectively communicating with clients during market fluctuations.


  1. Educate and Inform: Start by explaining what a market correction is—a temporary decline of 10% or more in stock prices. Help clients understand that corrections are a normal part of market cycles and can present opportunities for growth. Use historical data to illustrate how markets have rebounded after past corrections.


  1. Acknowledge Emotions: Recognize that clients may feel stressed or uncertain during volatile periods. Validate their feelings and reassure them that it’s natural to be concerned. Listening empathetically can help build trust and demonstrate that you prioritize their well-being.


  1. Revisit Goals and Strategies: Encourage clients to focus on their long-term financial goals rather than short-term market movements. Discuss their investment strategy, ensuring it aligns with their risk tolerance and financial objectives. Reinforce the importance of sticking to the plan, even during turbulent times.


  1. Provide Ongoing Support: Let clients know you are there to support them through the ups and downs. Regular check-ins and updates can help alleviate concerns and keep them informed about their investments.


By communicating confidently and empathetically, you can guide clients through market corrections, fostering trust and strengthening your advisor-client relationship.

Your Advisor's Edge Team

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  • Date: Thursday, November 21st , 2024
  • Time: 11AM-12PM Eastern Time
  • Place: Zoom - check your email for the link to attend live.

Look for the instructions on how to claim your free meal, and your link to attend live in the confirmation emails you get.


Also make sure to watch the video on the next page after you register,
and we will see you on the training.
Improving Family Communication

On this educational lunch and learn, Stan will share how to improve and restoring family communication to preserve, protect, and grow your legacy.

The ability to instill our legacy in younger generation family members first requires that you have and maintain a positive, meaningful relationship with those family members.

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Time: 12-1PM EST

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Make sure to enter your correct email and cell phone as we need them to deliver your lunch.

Again, we will deliver lunch to your door for the first 30 who register for the training.

We will also be giving away a 3 night, 4 day hotel stay at a 5 star resort in the US for one lucky winner who attends live.

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Date: Thursday, November 21st, 2024
Time: 2-3PM Eastern Time
Place: Zoom

💡 Answer to Trivia Question:

Bear market! A bear market is characterized by a drop of 20% or more in stock prices, often leading to negative investor sentiment.