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Icardo is a financial planner who always begins the investment plan by formulating an appropriate asset allocation for each client based on their risk tolerance

Icardo is a financial planner who always begins the investment plan by formulating an appropriate asset allocation for each client based on their risk tolerance questionnaire. His clients often have several sources of retirement income, including defined benefit pensions. In what way might DBPs affect the asset allocation?  

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Defined benefit pensions DBPs can have a significant impact on the asset allocation of a clients investment plan due to the guaranteed nature of their ... blur-text-image

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