At inception, a $500,000 client portfolio was invested as follows: 10% cash; 40% bonds; 50% stocks. At year-end, the portfolio held $100,000 in cash; $300,000 in equities; and $200,000 in bonds. What action should the advisor take to rebalance the portfolio backed to the strategic mix? 

Answer rating: 100% (QA)

To rebalance the clients portfolio back to its strategic mix the advisor should adjust the cu... View the full answer