Financial Services Industry
Industry: Email Alert RSS FeedA lost ball in high grass.
Investment News, July, 2001 by Gabriel, Frederick P.
Economy out of the woods but not the weeds There's no denying it -- financial advisers are a cautious lot. Despite signs that the bearlike market slide that began in March 2000 has finally run its course, many advisers remain skeptical that the worst is over. "Clients are still in a state of shock," says William Dougherty, president of Kanon Bloch Carre, a financial research and money management firm in Boston with about $300 million in discretionary assets.
"There is absolutely no reason to stick your neck out to be a hero, especially when there's still bad stuff happening." Armond Dinverno, co-president of Balasa Dinverno Foltz & Hoffman LLC in Oak Brook, Ill., which has $450 million under management, concurs. "Yes, we are in a...
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