Created: Thursday, 27 August 2015 13:14
Your emergency management system should have kicked in.
For RIAs, the "Asian Contagion" turned out to be nothing more than a common-cold, a mere correction. But view it as a test anyway.
How did you do? If your firm did not go into Panic Protection mode, you'd be wise to consider it a warning. It was a fire drill and you failed. Recognize, however, you need to do better next time.
A4A and Advisor Products went into Panic Protection Coverage for advisors. On Monday, August 24, 90 minutes after the market closed 11.3% off its May high, independent eco