Kyle Stocker
FIN-421
4/7/2014

Rudy Wong: Investment Advisor Rudy Wong, an investment advisor at O’Hagan Securities was in a predicament that caught him in the middle of his clients and the stock market crash of September 2008. In the United States, the Dow Jones Industrial Average had stooped to its lowest level as well as the Toronto Stock Exchange since 2003. This financial crisis led four of Wong’s clients to request urgent meetings regarding their assets and investments. All four were of different gender, age and particular needs which left Wong concerned that they all hold a risk of losing everything. He had to decide the best way to reassure all of his clients by communicating logical arguments based on their portfolios and his expertise, managing their emotions and attempting to re-establish their faith in the market despite its current situation. Wong knew that the outcome of his decisions had a great impact on his professional credibility and the interests of his clients who entrusted their life savings to Wong and O’Hagan Securities.
As an investment advisor, it is Wong’s duty to help clients to optimize the allocation of their financial assets that meet the client’s particular needs. He does so by taking into account each clients financial resources and constraints as well as their short and long term goals. They are considered all purpose financial counselors who show the client how they can save money on mortgage payments, their child’s college fund, the best choice for a credit card and their retirement planning. They do so by examining the clients liquidity needs, disposable income requirements, tax planning situation, investment time horizon and provisions for unusual circumstances.
An advisor such as Rudy Wong attempts to add value by providing the client with an objective point of view. It is important to do because with a subjective view,