PHILADELPHIA — Advisors must be prepared to make quick adjustments to clients' retirement portfolios in response to the recommendations of the new "Super Committee" created by the Budget Control Act of 2011.

So warned Robert Keebler, who spoke here during the first of two general sessions of the Society of Financial Service Professional's inaugural "Clinic For Advanced Professionals."

"When we get Nov. 23—when the Super Committee unveils its proposals for further reducing the budget deficit—you'll want to block out time to review their committee's recommendations because they will likely affect your clients," Keebler, a partner at Keebler Associates, Green Bay, Wis., told FSP clinic attendees. "The scary part is that some of the committee's recommendations could be implemented as early as Jan. 1, 2012. That means you will have just 38 days to develop pivot points based on three unknown variables: The 2012 elections, congressional action to reign in the nation's deficit, and the direction of the economy. You will all have to work very quickly to come up with solutions."