“If I’m down 40% for clients they’re burnin up my phone, if I’m down 50% they’re out, if I’m down 60% or 70% it’s a potential fiduciary liability — a potential lawsuit. Advisers are aware of that,” Willis, who co-founded ONEFUND in 2015 after stints at UBS, Paine Webber and Smith Barney, said.
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