A client's IPS states a 7% nominal return objective and a 60/40 equity/fixed income allocation. After five years, equities have grown to 75% of the portfolio. The consultant should:
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A
Leave the allocation unchanged since equities are performing well
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B
Rebalance the portfolio back toward the target 60/40 allocation
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C
Increase the return objective to match the new allocation
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D
Immediately liquidate all equity holdings