ProGolferWannabe
Recycles dryer sheets
- Joined
- Jan 14, 2012
- Messages
- 141
Would be interested in the thoughts of those here. After managing my (and my wife’s) nest egg independently for our entire working lives, I handed over the management of our money to a fee only CFP. I like the advisor, I am happy with the fee structure (fixed fee regardless of the amount of funds under management—-not an AUM approach), their investment style/approach is based on low cost ETFs, etc. Overall, happy.
They have a somewhat different allocation of assets than what I have traditionally had….they have more money in international and developing markets/countries than I have had, as well as more money in REITs. Theoretically, I am ok with this broader allocation, but practically speaking, my returns for the past year have lagged behind what I would have earned had I just kept a 60/40 portfolio.
I am a long term investor, so am not worried about shorter term performance deficiencies, but at what point would you be thinking about moving on or at least addressing the issue with advisor? Is there certain amount of time you think is reasonable (say 2-3 years) or a certain performance benchmark deviation (my portfolio performs 5% less than a balanced non-managed portfolio)?
Thanks in advance.
They have a somewhat different allocation of assets than what I have traditionally had….they have more money in international and developing markets/countries than I have had, as well as more money in REITs. Theoretically, I am ok with this broader allocation, but practically speaking, my returns for the past year have lagged behind what I would have earned had I just kept a 60/40 portfolio.
I am a long term investor, so am not worried about shorter term performance deficiencies, but at what point would you be thinking about moving on or at least addressing the issue with advisor? Is there certain amount of time you think is reasonable (say 2-3 years) or a certain performance benchmark deviation (my portfolio performs 5% less than a balanced non-managed portfolio)?
Thanks in advance.