Financial advisers need to work harder: Bagrie
Economist Cameron Bagrie says with markets and economies going through significant change investment strategies need to be reviewed.
Bagrie says people need to rethink their investment approach a markets go through significant change. He says that the next 10 years will not be like that past 30 years.
He told advisers at the Lifetime conference in Wellington this week that passive investment strategies won't work in this changing environment.
He also questioned whether "standard portfolios are fit for purpose given the structural changes (going on)?"
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