Is it time to break up with your fund manager?

Fund Manager BreakupBy now you probably know that your duty to look after your investments does not end after the initial due diligence of selecting an investment manager. Manager selection is a crucial first step, but that is really only the beginning. You must establish a process to prudently monitor your investments with quantifiable criteria that will systematically generate a review of underperforming investments. Common reasons to replace an investment might include the investment manager retiring, the investment taking excessive risk, or the investment’s performance lagging the benchmark. However, sometimes after a thorough review of your investment it could make sense to retain it instead of replacing it. Let’s look at some of the reasons to not break up with or fire your investment manager. Continue reading

A way forward for the Plan Adviser industry – investment selection and removal

Performance transparency is the plan adviser’s path to a better future. As a group, we need to openly choose to move off of the path we have been on and move onto this new path. The one we have been on was set for us by the historical roots of the financial services industry. That failed path based its “professional” value upon relationships and is leading us off the cliff. Continue reading