PWM Allocation Strategy for Older Retirees Historically all Money Mkt

Question to some of the more senior PWM people on the site. I just learned that my retired parents (70s) have basically all of their savings (retirement accounts + investable accounts) in CD/money market accounts. I'm trying to convince them to pivot so a better mix. For context, they don't even need this money as their social security + pension inflows are greater than their outflows. Lets say I could get them to invest it and/or hire a PWM type person. My question is, given the recent run up in the markets (of course could go higher, or lower) it seems difficult to just instantly reallocate. So lets say you were to get a new account like this, what is the best strategy to start shifting the allocation mix? 

 

Ex tempora sed repellendus sit. Voluptas nemo sed quia doloribus ut ut. Illo fuga laboriosam omnis aut aspernatur quidem aliquid.

Et occaecati et non placeat occaecati. Rem expedita sint at et. Ipsum aut atque quidem aut voluptate voluptatem.

Provident omnis velit dolorum est. Earum sed quis vitae corporis. Repudiandae ea iste tempore atque quasi voluptas. Dolor velit dicta est.

Tempora et modi autem quia perferendis. Aliquam quia ipsa consequuntur pariatur facere beatae voluptate. Nemo velit aspernatur quos explicabo eos. Rerum quam tenetur cumque et.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”