Advisers Ditch 'Buy and Hold' For New Tactics

Facing Angry Clients, Pros Turn to 'Alternative' Products; Risk of Missing a Turnaround

The broad decline across financial markets in the past year has persuaded a small but growing number of financial advisers to abandon the traditional buy-and-hold strategy -- which emphasizes long-term investing in a mix of assets -- for a new approach geared to sidestep future market plunges and ease volatility.

Jeff Seymour, an adviser based in Cary, N.C., used to counsel clients to buy a diverse menu of stocks, bonds and commodities, and hold on for the long run. But early last year, he says, he recognized that "the macro-economic climate has changed..."

WSJ: Advisers Ditch 'Buy and Hold' For New Tactics