Should I expect my financial advisor to regularly rebalance my portfolio of mutual funds?
It is good practice to meet with your advisor annually to review your information, progress and update your plan, if appropriate. When you open your account, you may have created an investment policy statement, which outlines the rules you want your advisor to follow for your portfolio. This statement would specify how your portfolio will be monitored, and when or why it should be rebalanced.
Check out What to expect from your advisor and Your first meeting with your advisor.