Graham Bentley: The risk-reward coin is now double-headed
Beware the latter-day alchemists
Graham Bentley: "A lack of consensus despite the same risk level raises real questions about providers’ respective allocation processes."
Most asset allocation processes thrust upon advisers now look at things the wrong way round, warns Graham Bentley, with profilers calculating a risk level in the absence of an investment objective.
"Ships in a harbour are safe. But that's not what ships are built for…" Admiral Grace Hopper Investing is primarily about returns - mitigating our future deficiency needs and, if we are lucky, fulfilling...
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