Skip navigation
computer-tech-markets.jpg metamorworks/iStock/Getty Images Plus

Majority of Advisors Are Tweaking Portfolios During COVID-19

Advisors are putting sidelined money into equities, reallocating assets in line with models, and taking money out of the stock market, according to a recent live poll conducted by FlexShares.

A majority of advisors made changes to client portfolios in the past 10 days, with a quarter of them putting sidelined money into equities, 21% reallocating assets in line with their model portfolios, and 16% taking some money out of the stock market, according a recent live poll conducted by Northern Trust’s FlexShares. Nearly four in 10 advisors (38%) indicated that they made no changes to client portfolios.

About 200 advisors who tuned into a webinar hosted by FlexShares and ETF Trends last Friday participated in the live poll.

When asked how they manage for event risk, nearly a third (29%) indicated they don’t implement changes based on event risk. Twenty-one percent said they take a more defensive equity position, 20% tactically move to cash, 19% implement a low-volatility strategy, and 11% increase bond holdings.

Overall, advisors said they felt good about their current asset allocations, with 36% saying they were very confident, 40% somewhat confident, 23% neutral and just 1% not confident.

In addition to client portfolios, advisors have also changed how they’re communicating with clients, with 63% of them halting all in-person meetings and 74% of them relying on emails and phone calls more. Sixty-five percent of advisors are working from home, and just over a third (35%) are using video capabilities like Zoom or Google Hangouts to remain in touch with clients.  

Want The Daily Brief delivered directly to your inbox? Sign up for's Morning Memo newsletter.

TAGS: Industry
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.