Use these benchmarks to evaluate your financial adviser

Most people don’t know how to properly evaluate their financial adviser and overly rely on performance as the sole measurement of success. This is problematic because people tend to evaluate their portfolio over very short time horizons in which random chance plays a large role in outcomes. Similarly, investment performance doesn’t necessarily equate to progress toward your life goals.

A better approach is constructing a portfolio-based benchmark and goals-based benchmark to measure their progress. Using a portfolio-based benchmark will allow you to better understand your investments while a goals-based benchmark will help you measure your progress to the goals that really matter.

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