Vasyl Soloshchuk
23 March 2022

Financial Advising in 2022: A Strategy for Uncertainty

In the last three years, both advisors and their clients felt a growing pressure of uncertainty. The coronavirus pandemic made us rethink, adjust and question everything from our daily routine to retirement plans.

While COVID-19 is not going anywhere, a full-scale war has bursted out right on NATO’s borders. In such a context, we all have lots of questions about what our near and far future might look like and how to stay financially secure. 

It’s next to impossible to look as far as several years ahead and get ready for every possible scenario. But what each of us can do is create as detailed a plan as we can, keep pace with trends, and adjust the plan accordingly. In this article, we gathered a financial advisor’s pack for 2022 with all the key “items” mentioned. However, this information will come in handy to anyone who likes to keep their finances neat and in full stock and is thinking of planning their retirement.

Financial advising trends for 2022 

Below is what will be in focus for financial advisors this year, as investment and financial experts interviewed by U.S. News see it.

  • Rethinking retirement

As we mentioned, COVID-19 put us in a position to reassess our lives. In this respect, a financial advisor’s job is to suggest that the client shares the insights they gained during these three years and put them into the context of finance. Major surprises, unforeseen health and money risks, the way lockdowns affected the client’s daily routine, mobility, and social life, what they liked and didn’t like about the changes—all these experiences took one the closest to what their actual retirement might look like. That’s why dwelling on our pandemic experience will lead to better retirement planning.

  • “Bucket list living”

Getting maximum joy before and after retirement—that’s the plan for many after being locked at home with no cinema, Friday nights in a pub, or traveling. Some people now want to retire earlier, as they begin to value their health and leisure more. So, there’s a growing demand for more custom retirement plans and thinking through the pre-retirement period.