Financial advisors now seem to be more likely to make trades in response to short-term investment market changes than they were before the recent recession hit.
Jefferson National Life Insurance Company, New York, has reported this finding in a summary of results from a survey of 750 fee-based and fee-only advisors.
About 63% of the participating advisors said they are now more likely to employ a "tactical" asset management strategy, and more than 68% said they are feeling pressure to change their asset management strategies.
Only 34% of the advisors said clients are more comfortable with a traditional buy-and-hold strategy; 66% said their clients now prefer a tactical asset management strategy.
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