Wealth management is about to change

Changes are afoot that will likely lead to a sea change in money management. Core wealth management funds have flexible asset allocations and are designed to keep out of bad markets and stay in good ones

It is fair to say if investors or their financial advisors did not catch the biggest crash in global assets since the 1930s, they probably will not catch the next one. In fact, most investors and advisors were not even trying to avoid a market collapse like this latest one. Most assumed shocking falls across worldwide stocks, bonds, real estate and commodities were rare or unlikely to last, and so subscribed to a ‘buy and hold’ philosophy. Others thought by holding hedge funds, private equity and other such alternative investments they would be safe from harm. They filled their portfolios w...