'Investment advice is now three steps': The evolution of portfolio construction

Putting together an investment portfolio for a client has never, in most cases, been an easy task. However, a combination of regulatory and market changes attributable to the financial crisis of 2007-2008 means advisers now face even tougher challenges when constructing client portfolios. While as recently as just a few years ago an adviser merely had to decide between a portfolio of equities (high risk) or bonds (low risk), regulation now demands in-depth risk profiling of each client and a far more complex split of assets depending on risk tolerance, capacity for loss and financial sop...