Financial Standard recently interviewed Christine in relation to interest rates.
Interest rates will continue to be a driving force behind client conversations in 2024 as financial advisers remain agile regardless of whichever direction they will go.
The rapid upward trajectory of interest rates - from 0.10% in April 2022 to today's 4.35% - has forced financial advisers to recalibrate how they advise clients.
Christine Lusher, a financial adviser at Lush Wealth, said she takes a dynamic approach in considering various economic indicators while placing a significant focus on understanding clients' unique circumstances.
"While I am typically a glass-half-full person, I prefer a conservative approach when it comes to financial modelling. I believe in open discussions with clients about potential outcomes, especially exploring scenarios that may differ from expert predictions," she said.
Lusher finds this practice crucial for younger clients with mortgages.
"We conduct stress tests, examining the implications of a 2% rate increase, ensuring clients are well informed about potential risks to their financial stability," Lusher said.
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