More Money in Real Estate than Equities

Why manage liabilities?

Because there is more money there to be managed in Real Estate than there are Equities.

The majority of real estate is encumbered with debt, but interest rates are only a small part of liability management. Interest rates are the (Return) part of the Safety, Liquidity and Return dynamic. If rates go up, focus on Safety and Liquidity concerns of your clients.

Another reason to build relationships with quality financial advisors.