(1888PressRelease)
March 20, 2008 - Sources close to Fosse Financial have revealed that investment representatives have often requested that Fosse Financial simplify the process of building portfolios with mutual funds. The source also revealed that Fosse Financial had long harbored a desire to provide this service for their clients while at the same time offering simple yet sophisticated solutions.
According to reports, Fosse Financial have managed to achieve this by introducing an investment program to automatically rebalance a clients portfolio across any mutual funds that the client holds with Fosse Financial.
A spokesperson for Fosse Financial reportedly commented that manual portfolio rebalancing can be time-consuming and costly for investment representatives, but that it was necessary at least annually because it ensured that clients remained suitably invested regardless of market conditions.
Fosse Financial have not yet offered any official comment on the launch of their fusion investment program but are expected to make a statement in the near future.
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