Superstorm Sandy illustrates need for disaster planning

11/28/2012 | AdvisorOne

People often do not plan for the unexpected because they assume events will proceed along as always, says Barbara Friedberg, a professor of finance at Santa Clara University. But when a disaster happens, such as Superstorm Sandy, investors tend to overreact. Financial advisers should use the example of Superstorm Sandy to educate clients on reasonable financial disaster planning.

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