I am a financial advisor and my wealthy clients are worried. Here are four tips I’m giving them now.

• Kelsey Wilson is a financial advisor for LA and works with clients who invest more than $500,000.

• Wilson emphasizes long-term planning and calmness during market volatility.

• He urges his clients to maintain emergency funds and avoid impulsive investment decisions.

This essay is based on a conversation with Kelsey Wilson, a 33-year-old financial advisor based in Los Angeles. Edited for length and clarity.

I officially started in the financial industry around 2014, but before that I worked in the financial sector with Experience, so I hid a few financial leaders while I was in college.

As a financial advisor and planner, I run Black Line Finance. I work with business owners and wealthy clients, especially in the entertainment and technology sectors. Our core clients average between $200,000 and $250,000, but we have clients who invest more than $500,000.

My role is to research the stock market and stay up to date with everything from taxes to investments. Then I talk to the client and understand their goals. From there, we’ve built a personalized financial plan, covering everything from how much you save to how much you should invest.

Since The stock market fell on April 3rd and 4ththe main concern I’m hearing now is that people are watching the drops In an investment account And I’m worried that they will never recover. They wonder if they should make changes to their investments.

I get it – it’s reactionary. Here are four things I’m telling my clients now about their investments.

The biggest advice I give to my clients is that we are planning this. The portfolio is purposefully built to withstand Market slump. in the case of Market crash Or, as you’re experiencing volatility, we’ve already structured things to allow you to survive those storms.

When it comes to investments, you mainly want to consider the horizon of time, or you plan to use that money. It’s a retirement account and if you’re in your 30’s, you won’t need money until 2050 and everything is different, so what’s going on in the market right now doesn’t make a big difference.

Now, as they approach retirement, their portfolio should change, so they become a little more conservative. That way, if the market crashes like this now, the portfolio will not have much of an impact.

For those wondering how to prepare for such an era, it is to ensure that your money is located based on your time frame and what you need it.

Next, stay on the course. Like with planes, turbulence can be scary, uncomfortable and unstable, but the worst is jumping off.