Reply to How do you know if a CFP’s portfolio recommendations are good?

Forum Index » Money and Finances

Reply to "How do you know if a CFP’s portfolio recommendations are good?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Actually it's not literally their job to compare their returns to a fund in your employer-sponsored plans. The CFP is within his rights to refuse to engage in a performance derby. If you're not happy with his service and long-term results, then transfer your accounts elsewhere. A CFP's role encompasses more than just portfolio management. He's (hopefully) doing retirement savings analyses, determining what you'll be able to spend in retirement, and aligning your portfolio with your goals. He also acts as a behavioral counselor, saving you from making emotional decisions during periods of volatility. It should tell you something that not one, but two financial professionals declined your request.[/quote]

I am the pp CFP

If they refuse to do this it's because they lack confidence in their role and aren't worth the money. I am always open to comparing performance as it's very helpful for the client. Some years you may look bad, others you may look great. That's investing. Comparing the C fund to a diversified portfolio is not apples to apples but that does not mean I won't do it. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics