Comments on: Is Your Adviser a Fiduciary? http://amarginofsafety.com/2014/10/30/is-your-adviser-a-fiduciary/?utm_source=rss&utm_medium=rss&utm_campaign=is-your-adviser-a-fiduciary "...to distill the secret of sound investment into three words..." Mon, 24 Aug 2015 14:39:02 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Ray Galkowski, CFA http://amarginofsafety.com/2014/10/30/is-your-adviser-a-fiduciary/comment-page-1/#comment-38702 Ray Galkowski, CFA Mon, 13 Apr 2015 15:40:24 +0000 http://amarginofsafety.com/?p=1823#comment-38702 In general, a big reason for the scarcity of performance data is that even when a manager has discretion over investments, s/he should be tailoring the portfolio to the client's specific needs and ability to tolerate certain risks. So, generalized performance numbers may not tell the appropriate story. For example, an adviser whose clientele consists mostly of retirees should have different results from one who caters to millennials. In general, a big reason for the scarcity of performance data is that even when a manager has discretion over investments, s/he should be tailoring the portfolio to the client’s specific needs and ability to tolerate certain risks. So, generalized performance numbers may not tell the appropriate story. For example, an adviser whose clientele consists mostly of retirees should have different results from one who caters to millennials.

]]> By: tuliptown http://amarginofsafety.com/2014/10/30/is-your-adviser-a-fiduciary/comment-page-1/#comment-31067 tuliptown Wed, 05 Nov 2014 22:41:36 +0000 http://amarginofsafety.com/?p=1823#comment-31067 why are there not performance numbers for CFA's or other advisors? Sometimes there is a "representative account" but I am always suspect when its not more than old enough to encompass the great recession. That said, I do my own and I don't keep strict records so I may not be able to judge a good one from a not so good one.... why are there not performance numbers for CFA’s or other advisors?
Sometimes there is a “representative account” but I am always suspect when its not more than old enough to encompass the great recession.

That said, I do my own and I don’t keep strict records so I may not be able to judge a good one from a not so good one….

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