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Weathering the Downturn—with good Communication
May 20th, 2010Weathering the Downturn—with good Communication
Yes, it seems we are officially in a recession. Portfolios are shrinking—and fast. One never knows what the next day will bring in terms of rate cuts, market performance or the political climate. What’s a financial firm to do? Most people think they need to “batten down the hatches” right now. They hunker down and wish and wait for things to change. They worry about getting client calls. They worry about cutting the budget and they worry about shrinking fees tied to portfolio assets.
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