Insider Q&A: Ric Edelman on managing money in a crisis
June 14, 2020
NEW YORK (AP) — Ric Edelman, founder of financial-advisory firm Edelman Financial Engines, has helped clients navigate several downturns over the decades, and in some ways this one is just like any other.
But this crisis is increasing the urgency for some discussions that weren't as big priorities in past bear markets, he said in a recent conversation with The Associated Press. His firm's clients have over $200 billion in assets under its management.
The conversation has been edited for clarity and brevity.
Q: Have your clients been more scared about this downturn than others?