Fee-based financial advisers are grappling with the fallout from the crash of 2008 and see tactical asset management as the way to navigate the current market, according to a survey of 750 advisers by Jefferson National.

About 50% of the advisers said they are turning to tactical management, and 68% are feeling pressure to revise their asset management strategy. Sixty-six percent of the advisers said their clients are more confident with a tactical strategy, while only 34% said their clients are more confident with a traditional buy-and-hold strategy.

“In 2008, we saw the S&P 500 drop more than 50%, and there is a very real possibility that we could see more losses before a recovery is truly under way,” said Laurence Greenberg, president of Jefferson National. “While the basic building blocks of goof investing won’t change—establish a goal, create a plan, follow a disciplined approach and don’t overreact—our survey indicated that in today’s volatile market, advisers are moving to the disciplined use of a tactical asset management strategy rather than a traditional buy-and-hold strategy.”