Advisers deliver material value to clients that goes well beyond portfolio construction. Tim Hale, managing director at Albion Strategic Consulting, argues the case.
It is always tempting for clients to judge the value of their adviser on the short-term performance of their investment portfolio. That is unfair as no-one can control the returns that the market delivers. Anyone who thinks they can time when to be in or out of markets successfully, over time, is probably deluding themselves and their clients. Research on multi-asset managers in the US, UK and Canada reveal this to be the case.
Interested enough to read more? This link opens up Tim’s full article extracted from IFA Magazine