St George Bank-owned dealer group Securitor has claimed its clients are handling market volatility well thanks to solid financial advice.
"A market volatility toolkit we released in January was used by planners in proactive discussions with their clients," St George Group executive for wealth management Geoff Lloyd said at Securitor's convention in New Zealand recently.
"Advisers are also telling us that over 30 per cent of their clients remain positive about their financial situation and another 30 per cent or so are not worried."
Lloyd, also the head of the dealer group's main platform provider, Asgard, said only a minor amount of Securitor's clients altered their portfolios.
"While we are in uncertain times we see and are working for a certain future," he said.
"And I am very encouraged that in a recent survey of our advisers it is clear that very few of their clients changed investment strategies as a consequence of the extreme market volatility."
