Nick Lincoln at HUM Dublin 2018
Let’s Talk About Risk, Baby!
At the Humans Under Management Dublin 2018 event, speaker Nick Lincoln explored the complexities of risk management in financial advising.
The talk focuses on the critical challenge of understanding retirement spending patterns and the implications of average withdrawal rates for clients. Lincoln emphasises the dangers of relying on generic risk assessment tools without a tailored financial plan.
Key insights include:
- The necessity of a financial plan before creating an investment portfolio, as cash flow should guide investment decisions.
- The myth of the average retirement spending curve, which can mislead advisers and clients alike.
- The importance of educating clients on the nature of equities and the real risks they face, particularly the risk of outliving their savings.
- A call to move away from “mumbo jumbo” questionnaires that do not accurately reflect clients' needs.
Watching this video will enhance your understanding of effective risk management strategies, enabling you to better serve your clients and navigate the complexities of retirement planning with confidence.
