By Paul Katzeff, Investors Business Daily

Experience and common sense have taught financial advisors that, when it comes to safeguarding their clients’ principal, it’s better to be safe than sorry.

As a result, 70% of financial advisors say they will cope with current market volatility by shifting to a more conservative investment strategy. That view is revealed in a survey by Jefferson National for its Advisor Authority Executive Report 2016.

Financial advisors clearly feel heat from the market volatility. Sixty-two percent of them told Jefferson National that in the current volatile market they feel pressure to revise their investment strategy for clients.

Only 35% said they don’t feel that sort of pressure, and 3% said they aren’t sure.

Financial advisors are even more emphatic about the sort of change they will make. Fifty-one percent of advisors say they will invest somewhat more conservatively, and another 19% say they will invest much more conservatively.

Only 12% say they will invest a little more aggressively, and just an additional 2% will invest much more aggressively.

Fourteen percent plan to invest about the same way they have been. Volatility is the largest catalyst cropping up on advisors’ radar screens. It was the No. 1 factor that advisors predict will impact their approach to investing this year, with 34% of advisors citing it as their top concern.

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