Question: When, if ever, should a business manager recommend that their client fire their investment advisor?
Answer: It will be time for your client to part ways with their investment advisor when, over a protracted period of time, the investment advisor has been unable to accomplish the job they were hired to do.
The problem is knowing how to define the job for which the investment advisor has been hired and measure their activities and performance against that job description.
Following is a link to a white paper we wrote to help business managers define what should be included in the Investment Policy Statement (job description) that is delivered to their clients’ investment advisors.
This White Paper answers the following questions:
- What are the elements of the investment advisor’s Investment Policy Statement that need to be documented?
- What factors of the investment plan can the investment advisor control?
- Should the benchmark that the investment advisor proposes be the sole standard of measurement against which their activities are judged?
[button link=”http://info.anodosadvisors.com/when-to-fire-tp” newwindow=”yes”] Download White Paper[/button]
At Anodos, we help our clients answer the question, “Is my investment advisor doing a good job?” Many of our clients are individual trustees, business managers, ERISA trustees and endowment board members who are obligated to independently monitor the activities of the agents to whom investment duties have been delegated. What makes us unique is this is all we do. We don’t manage money, sell insurance, or accept referral fees. We don’t have a horse in the race.
Onward,
Josh Yager, Esq., CFP®, ChFC®
805-899-1245
jyager@anodosadvisors.com
Anodos helps individual trustees save time, reduce their personal risk, and fulfill their fiduciary duties. We do this by helping trustees develop and maintain a series of governance documents which demonstrates they have fulfilled each of their duties of care. We also will act as an expert witness to defend our clients’ findings in court. What makes us unique is that trustee governance support is all we do. We do not manage money, sell insurance, or accept referral fees. We don't have a horse in the race.
We help trustees save time, reduce risk, and fulfill their fiduciary duties. What makes us unique is that trustee governance support is all we do.