The majority of advisors believe that many of their clients are in danger of missing their retirement goals, according to a recent survey by Russell Investments.
The survey found that 80 percent of advisors said that one out of four of their clients won't reach their retirement targets unless they begin to save or make more money.
In addition, while many advisors have gained confidence in asset allocation, they are still avoiding riskier assets like equities. Only 7 percent of respondents said they are not sure now about making changes to asset allocations over the next year, down from 11 percent three months ago.
Meanwhile, 27 percent said that they are likely to reduce allocations to risky assets, up from 23 percent during the previous quarter.
Finally, 48 percent of respondents said they will increase allocations to emerging-markets equities over the next 12 months, while many planned to increase allocation to large-cap value stocks, as well as equities in developed countries.