Architas has been increasing defensive positioning on its portfolios in response to recent market volatility and Prime Minister Theresa May's decision to hold a General Election on 8 June.
The firm pointed to geo-political tensions and market uncertainty, which has been exacerbated by May's decision to call a snap election.
Nathan Sweeney, senior investment manager at Architas, said: "We have been adding to defensive positions in our portfolios in recent weeks given the uncertain geo-political situation."
Sweeney said the firm's allocation to gold had been increased after the position was introduced last year, with political risk and the end of the market cycle highlighted as the two key factors for the move.
The price of gold bullion has risen 11% this year as investors look to the commodity as a refuge from the uncertainty surrounding US President Donald Trump's political and economic policies.
Geo-political tensions across the globe have increased dramatically in recent months, with Trump recently announcing he was prepared to take military action in North Korea.
Sweeney said: "We are potentially in the advanced stages of this current market cycle and think it prudent to add in an asset that has no counter party risk, duration risk and can do something truly different in a period of stress.
"We see gold as providing a level of downside protection in portfolios, which is what we are seeking at the current time."
Furthermore, the firm has added alternative assets such as infrastructure, renewable energy and catastrophe bonds, including the John Laing Infrastructure and Environment Asset funds.