How One Advisor Is Helping Clients Navigate Tariff Upheaval
ARTICLE SUMMARY - Here's a summary of the article in 4 key points:
Andrew Mescon, CEO of Ballast Rock Private Wealth, reports that client concerns are primarily focused on the long-term implications of Trump's tariffs rather than immediate market losses, despite the tariffs wiping out $9.5 trillion in stock market value over three days.
Mescon's firm incorporates private market investments more heavily than industry peers, which has helped insulate clients from the worst effects of public market volatility during the current tariff-related downturn.
Rather than making sweeping portfolio changes, Mescon advises clients to remain disciplined in their investment approach, maintain diversification, and trust their established long-term investment plans during this period of market uncertainty.
For clients seeking risk mitigation while maintaining market exposure, Ballast Rock has been utilizing buffered ETFs over the past six months, which provide downside protection (typically 10-30%) in exchange for capped upside potential.