Excerpt: “Only 27 percent of clients with personal financial advisors had been told how much they could lose in a crash. 57 percent of advised clients will likely panic and sell on the next crash.”

“According to a new survey released today by FinMason, Boston-based financial technology and investment analytics firm, advisors may not be having adequate conversation about risk with their clients. The survey of 492 investors with personal financial advisors found that only 1 in 4 investors had been told by their advisor how much their portfolios could lose if there were to be another market crash. Of those individuals that indicated that their advisor had talked to them about their potential loss in a crash, 62 percent said their loss would be less than what their stated exposure to equities would suggest.”

Link to full article: https://http://www.marketwired.com/press-release/finmason-new-survey-indicates-advisors-may-not-be-having-adequate-conversations-about-2197765.htm