Nearly one in five advisers (18%) are putting client portfolios at risk by failing to carry out annual rebalances or reviews, research by Skandia suggests.
Without regular reviews, clients are in danger of owning portfolios which no longer meet their attitude to risk or their personal needs, warns Skandia. In the survey of over 200 advisers, the majority (53%) did recognise the benefits of yearly rebalancing of portfolios where the asset allocation is returned to its original level, though 29% only rebalance for a small portion of their clients. The figures point to further evidence of a transition to a new model of advice based around a process of regular, ongoing client focused investment reviews, says Skandia. Of the advisers who d...
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