Many fund companies fail to offer asset allocation tools to their investors, according to a report from Corporate Insight.

"We were surprised to find that only nine of the 18 mutual fund firms we track provide asset allocation tools to their investors and advisers," said Chris McNeil, a senior analyst at Corporate Insight," and of those nine, only four firms put all the pieces together to provide valuable resources for both clients and prospective investors alike."

Corporate Insight also found that the tools offered ranged from complex to extremely limited.

The most helpful use actual account data, break asset classes down into industries, offer specific investment suggestions rather than just asset classes and feature charts and graphs to complement text, according to the market research and consulting company.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.