The right tool for the job

It seems that asset allocation continues to be the phrase on everybody's lips. Although I don't necessarily disagree with this assessment I wonder how many advisers, and indeed product providers, really understand what they are trying to achieve when constructing an asset allocation strategy. One significant innovation which - although potentially dangerous - has been welcome in the UK market has been portfolio modelling tools. Recent months have seen significant growth in the availability of these tools in the adviser market. While these tools have generally provided advisers with valuabl...