New research carried out by Skandia shows that nine out of ten advisers face an intensive time consuming admin process when rebalancing their clients' investment portfolios to a new asset allocation.
The survey found that 88pc of advisers evaluate the need to rebalance their client's portfolios at least annually, but 89pc lack the discretionary fund management status needed to rebalance to a new asset allocation without undergoing a heavily administrative process. Of the 88pc that evaluate the need to rebalance at least annually, 20pc said they evaluate the need a few times a year. However, only 11pc of advisers hold the discretionary fund management status necessary to rebalance portfolios to a new asset allocation without seeking client approval. Therefore the vast majority of advi...
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