February 7, 2014
By Daisy Maxey
Excerpt: Many high-net-worth investors see recent stock declines as a buying opportunity thanks to lessons learned from the market implosion of 2008-2009.
The financial crisis left wealthy investors with a better understanding of risk and of the importance of liquidity, financial advisers say.
Stephen Blumenthal, chief executive of CMG Capital Management Group Inc., says he’s also seeing more confident investors.
More clients are asking about boosting their stock allocations, and large investors are now far more broadly diversified than they had been pre-crisis, he says.
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