Our emails about climate solutions focus mostly on aligning investment portfolios with mitigation and adaptation. However, integrating climate risks into holistic financial planning may offer opportunities for advisors to make even more meaningful long-term client impact.
In the aftermath of recent extreme weather, rising homeowner insurance premiums, coverage reductions, and HOA fees are back in the headlines. Yet, clients with significant exposure to climate risks may not fully understand the potential consequences. Moreover, some may have a false sense of confidence regarding the contribution of their home’s value to their retirement.
The good news: there are ways to assess, mitigate, and manage climate risks. In this piece, we outline how these risks are impacting housing and insurance markets and identify opportunities that could help you support affected clients.
As always, please reach out if you’d like to discuss any of these themes in more depth.
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The asset allocation of the model portfolios listed above are proprietary to and developed by GWM. Different types of investments and strategies involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be profitable. It is important for Investment Advisers to review with their clients their investment objectives, risk tolerance, time horizon, liquidity needs, and tax consequences related to the strategies in this presentation at least annually. Any investment involves a high degree of risk, including the risk that the entire amount invested may be lost. Many factors affect performance including changes in market condition, changes in interest rates, and market responses to economic, political and social developments.
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