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For those people, he reduced their stock allocations — for good.
They typically said their stock allocations would shrink by 10 percentage points.
The committee also proposed rules that would strengthen existing regulations meant to protect investors from being charged abnormally high commissions in return for favorable stock allocations.
Some funds have a much heavier tilt toward stocks, and the companies justify their higher stock allocations by ticking off statistics about how people are living longer.
Before the market's sharp downturn, Warren McIntyre, a financial planner in Troy, Mich., typically reduced his clients' stock allocations by about 1percentt each year.
One of the biggest differences, besides their costs, is their stock allocations — some funds are simply too aggressive by many financial advisers' standards.
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Find out how often the fund reduces its stock allocation.
It is the first time Ms. Cohen has reduced the stock allocation since January 1999.
Mr. Kerschner recommends a stock allocation of 89 percent; Ms. Cohen suggests 75percentt.
Since mid-July, he has raised his model portfolio's stock allocation to 66percentt from 30percentt.
It is the first time Ms. Cohen has reduced the recommended stock allocation in the portfolio since January 1999.
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