Nov 7, 2023
InvestmentNews: Active asset allocation may cost you in more ways than one
Advisory firms that use a third party to actively allocate investments to the point of market timing can see tremendous client attrition when their returns hit a rough stretch. In “Active asset allocation may cost you in more ways than one,” his October 25th, 2023, practice management column for InvestmentNews, Allworth co-founder Scott Hanson explains how advisors who try and “time” the market not only end up losing clients, but they inadvertently reduce the value of their firm, as well.