When the financial crisis hit Europe, many advisors and their clients had the same reaction: they ran away and ensconced themselves in the supposed security of the U.S. market.

A bias toward domestic investment is understandable, but the U.S., big as it is, is not the world. We exist in a global economy and for advisors and their clients to restrict their thinking to within our borders means missing out on some tremendous companies and potentially lucrative investments. There’s a lot going on in the world today, and advisors who restrict their clients’ portfolios to only domestic securities may be doing them a disservice. Certainly from a fiduciary standpoint, they should be considering all the options available.

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