April 5 couldn't have been easy. Panic consumed the day after a near 6% S&P sell-off. But the American College of Financial Services' Advising Through Uncertainty Study has found that most financial professionals did their job in the days and weeks later — persuading their clients to stay calm and stay invested.
Yet the study also indicates statistically significant divergences between portfolio change requests, anxieties and areas of focus between the clients of professionals who self-select as investment managers vs financial planners, as well as the American College of Financial Services designees vs non-designees.
