How to Manage Client Expectations and Investment Goals

“Every client has a different way to approach investments,” Omar Aguilar, CIO of Equities, Charles Schwab Investment Management, said at the 2019 Schwab IMPACT conference. “They have to be very customized to where they are. That includes their level of risk, that includes how they think about their objective, and also think about demographics."

Aguilar also explained that investments should maintain a foundation strategy to keep the portfolio together, with a long-term view. As we have recently experienced the end of 2018 was a stark contrast to where we are heading toward the end of 2019.

“The first thing we basically say is, ‘Make sure that you understand you are investing for the long run,” Aguilar added.

As a way to help investors achieve their long-term goals, Charles Schwab has come out with a suite of low-cost ETF strategies, and some are even the cheapest on the block. Investors can find dirt cheap U.S.-listed ETFs options, including the Schwab U.S. Large-Cap ETF (SCHX A+) and Schwab U.S. Broad Market ETF (SCHB A), which both come with a 0.03% expense ratio.

For more ETF-related commentary from Tom Lydon and other industry experts, visit our video category.