May 10, 2008: Volatility hits investment advisors and financial planners in the New York area.

Although the recent stock market volatility never even entered a "bear market" phase, the mortgage mess has caused many Wall Street firms to downsize, even among the largest wealth management firms. Some financial advisors and wealth managers have been caught in the layoffs. Anecdotal evidence suggests that many of these investment advisors will move to independent investment advisory and independent financial planning firms. For some stockbrokers and investment representatives, they are moving up the food chain to higher value wealth management. For New York financial representatives, they are simply tired of working for a major brokerage firm and want to become an independent investment advisor or financial planner.

Likewise, clients often make changes during volatile times. Studies show that clients are more likely to move during market volatility and are more likely to move to an independent advisory firm. This makes it a great time for the best New York independent investment advisors and financial planners who often gain clients during down markets. The financial advisors who benefit the most are the ones with a targeted clients base and a clear explanation of their benefit to clients. Individuals looking for unique investment advisors can Find New York Investment Advisors and Financial Planners here.