Worried about a recession? Here’s how to prepare your portfolio
FG Trade | iStock | Getty ImagesMore from FA Playbook:Here's a look at other stories impacting the financial advisor business."We all understand that markets go through cycles and recession is part of the cycle that we may be facing," said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts.However, since no one can predict if and when a downturn will occur, he pushes for clients to be proactive with asset allocations.Diversify your portfolioDiversification is critical when…