Omar Aguilar, Senior Vice President & CIO for Equities and Multi-Asset Strategies, Charles Schwab met with Julie Cooling, Founder & CEO, RIA Channel at the Schwab IMPACT conference this week to discuss sentiment in the market and his views on asset allocation.
“It’s very risk on,” says Aguilar on the current market sentiment. Headed into 2020, Aguilar notes that trade wars appear to be moving towards resolution, earnings have exceeded expectations, and that the market seems to be more comfortable with riskier asset classes.
In terms of asset allocation, Aguilar recommends advisors take a generational approach. For boomer clients closer to retirement, it is beneficial to shift allocations towards income. Aguilar encourages advisors to avoid “chasing yield,” but instead seek a globally diversified income approach.
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