Advisers face time consuming administration processes when rebalancing client portfolios, according...
Advisers face time consuming administration processes when rebalancing client portfolios, according to research from Skandia. A survey of 500 financial advisers shows 88% assess the need to rebalance client’s portfolios annually but only 11% can do that without client approval. The figures reveal advisers must therefore write to every client when the need to rebalance occurs. Graham Bentley, head of investment marketing at Skandia, said advisers face a dilemma when rebalancing portfolios as most consider it fundamental to the advice process and review it annually. “For each individual c...
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