AUM can be built again. Focus on clients service.
When everything is falling, clients will lift you up.
Reducing volatility on the client's portfolio is an important aspect of the advisory business.
Be in touch with clients, in good as well as in bad times.
Some clients are unhappy when returns are not good but most clients are supportive in bad markets. Stay positive and respect clients.
Exotic products are good for distributors but bad for clients.
Scale in mutual fund business depends on mutual understanding between advisor and the client.
Client meetings are hundred times more powerful than unfavourable regulations.
Circumstances may be against you but clients will support you.
The biggest risk is to handle the next generation of existing clients.