IFAs spend half a day per week on asset allocation

The average specialist investment IFA spends 11% of his or her time on asset allocation, with one in five dedicating a whole day a week, according to a nationwide survey of 100 advisers by MetLife Europe. Its research also found 62% of advisers have now changed their asset allocation approach this year in response to turbulent market conditions. Advisers are split on how to adapt, with 14% saying they have switched to index fund dominated models, while 48% have moved to mainly active fund driven portfolios. The research also found just under 60% of IFAs have seen clients opt out of eq...