It’s been quite the 24 hours for money managers, who’ve fielded calls from concerned clients who are wondering how tariffs will hit their portfolios. Some of Michael Farr’s have gone so far as to threaten leaving the country.
Farr, the chief executive of D.C.-based investment firm Farr, Miller & Washington, said he’s heard from particularly worried Democratic clients who are “very concerned and very upset—both with international and domestic policies.” Those clients are considering selling investments, he said.
His Republican clients are more satisfied with Trump’s policies, but have still raised an eyebrow at the pace of change. “They think it’s a whole lot very quickly,” Farr said.
