Surrey branch members welcomed Craig Burgess of EBI Portfolios to their June breakfast meeting, reports branch chairman Keith Churchouse CFP^CM.
Craig presented on EBI's extensive research on rebalancing client portfolios, an area he recognised had no accepted industry-wide 'best practice'. Rebalancing tends to take place at annual client reviews.

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However, the dispersion of returns between two clients with very similar portfolios but different rebalancing dates can be significant. EBI's research found calendar-driven rebalancing is sub-optimal and stresses that it's important to consider the data, not the date. EBI's research, was fascinating.

Louis Coke, investment manager at Charles Stanley in Guildford, gave a presentation on 'What works for me'. A big proportion of the Guildford office's business is IFA-driven – Louis noted this works well in terms of dividing responsibilities to clients, allowing each party to concentrate on their investment strengths in providing an overall client solution.