Calls from clients usually start pouring in whenever stocks take a surprise tumble.
But lately, financial advisers have been getting more calls from worried clients about devastating West Coast wildfires, which this year come amid the worst public-health crisis in a century.
“We always get a lot of calls after a bear market hits,” said Deron McCoy, chief investment officer at Signature Estate & Investment Advisors, in Los Angeles. “Clients always ask what they should do.”
His advice? Plan ahead before calamity strikes, particularly if you live in spots vulnerable to climate change, which now threatens to make California’s wildfires even worse.
“You need to fix your…