It's an all too common problem: chaotic, directionless new client portfolios.
“They can be way overweight in some areas, like domestic large-cap, or underweight in others, like small-cap or global,” says Michael Schultz, investment manager and research analyst at Badgley Phelps Investment Managers in Seattle. Fixing those problems and adjusting the portfolio to reflect his firm’s own investment approach can take time, he adds.
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