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Time to Reposition Your Portfolio: Pro

Selected stocks stand to see a positive growth environment, but investors should brace for an end to support from the Federal Reserve, Stephen Bodurtha, Citi Private Bank managing director and head of investments for North America, said Monday.

On CNBC's "Fast Money," he sounded positive on the climate for stocks.

"We are looking at a time of transformation. We think that represents opportunity. We see the uncertainty in the markets and in the business environment has really been reduced," he said.

"But that's not making us all-out bulls on either economic growth or on the U.S. equity markets. What it does set up, though, is it's going to make corporate leadership more inclined to pursue initiatives like dividend increases, like share repurchase, capital expenditures that is going to be positive for selected stocks."

Bodurtha said that it was time to shift ahead of the end of the Federal Reserve's accommodative monetary policies and asset purchases.

"You've got to be prepared, positioning now for an eventual rise in interest rates. So the Fed program, unprecedented support and monetary terms is coming to an end," he said, adding that he liked dividend-paying equities.

"By the time you start to get these moves – they tend to be sudden – so now is the time to be thinking about diversifying your source of income," he said.

Trader disclosure: On March 25, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Weiss is long C; Steve Weiss is short BHP; Steve Weiss is short RIO; Steve Weiss is short VALE.

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