Implementing Asset Allocation for a Client's Portfolio

John is a financial advisor working with several clients who have different risk tolerances, investment objectives, and time horizons. One of his clients, Sarah, is a 45-year-old executive planning to retire at age 65. She is interested in implementing a balanced investment strategy that aims for moderate growth while minimizing risk.

As John, outline the key steps you would take to implement an asset allocation strategy for Sarah’s investment portfolio. Be sure to consider her risk tolerance, investment objectives, and any relevant personal circumstances that might affect the asset allocation.