"I'm calling my clients before they call me," said Jay B. Barclay, a financial adviser with DCS Wealth Advisory Services.
"They find a lot of comfort in that, because they just need somebody to talk to and confirm that there's not some magic thing they should be doing."
now spends all of his
workday reassuring clients.
Before the crisis, that activity took up only about 20 percent of his
Most investors are asking strategic questions about how to limit their losses.
Generally speaking, local advisers are trying to dissuade their clients from taking dramatic action.
Instead, they said, investors need to focus on their long-term financial goals and maintain a balanced portfolio.
"It's almost like . . . a health scare," Barclay