Beware backward-looking asset allocation models.

(From Fundweb)

Byline: David Aird

For a general practitioner IFA, one potential route could be to refocus their business model on holistic financial planning and high quality client service while at the same time outsourcing specialist tasks such as investments to external parties.After the RDR, those IFAs who do not want the burden of whole of market research may opt to outsource their client investment decisions to a discretionary fund manager or fund of fund provider.For a second category of IFAs, investments are viewed as part of their value-add. In this case, while fund manager selection is kept in-house, external assistance might be employed to help with asset …