Reported 3 days ago
As the Federal Reserve prepares to cut interest rates, financial advisors are reassessing cash management strategies for their clients. With significant funds currently yielding high returns in money market accounts, many are urging clients to consider new investment opportunities, including fixed income options like corporate bonds and certificates of deposit. Some advisors are also exploring alternative investments, such as community development financial institutions and small-cap stocks, to optimize their clients' portfolios in a changing interest rate environment.
Source: YAHOO