Once my broker or financial advisor decides on an asset allocation plan for my portfolio, should the allocation be monitored?
If you have an ongoing relationship with your full service stockbroker or financial advisor, then your broker or advisor likely has accepted responsibility to monitor and to suggest changes to your asset allocation.
The purpose of asset allocation is to diversify your investments in different classes of assets so as to minimize your risk. Your risk may not be the same as another investor's risk and depends on things such as your individual goals, your age, and the state and stability of the financial markets.
If you suffer a financial loss because of the allocation of assets in your investment portfolio, then you may have the right to bring a securities arbitration claim before FINRA to try to recover your losses.
Many lawyers do not have experience in this narrow area of the law. However, our investment fraud practice group at Meyer Wilson has dedicated its entire practice to investor claims and class actions. We are the only law firm in Ohio who has made the commitment to only represent investors, and we have successfully represented hundreds of clients in stockbroker mediation, arbitration, and litigation claims.