Describe how you measure, track or otherwise demonstrate your value on asset allocation activities.
We periodically verify the degree of aligment of client portfolios to our strategic allocation. While we also consider the value of our advisory on tactical allocation on the base of the additional performance generated.
Anyway, at least once a year, we verify the strategic asset allocation of each clients to better adapt it to the evolving market context.
Additionally, we often conduct "what if analysis". This analysis is an evaluation ot portfolio performance based on two different scenarios: the one actually implemented by the clients and the one that we advised on. The two, in fact, don't always perfectly combine as the client decisions may differ form those suggested.