Why didn Alerus move out of stocks when they were going down?
Alerus cannot arbitrarily move in and out of stocks within a client’s account. We are obligated to manage each account according to the target allocation established by the client in their Investment Policy Statement. Portfolio reviews are conducted at least annually. During those reviews, asset allocation targets are discussed and either reaffirmed or altered. The best thing to do is to stay in touch with your Alerus advisor to discuss whether or not your allocation is appropriate given your objectives and risk tolerance.
