It is always tempting to judge the value of your adviser on the recent performance of your investment portfolio. That is unfair as it fails to understand the true value that a good adviser delivers (leaving aside the valuable financial planning advice that they also provide) and the fact that no manager can control the returns that the market delivers.
A good adviser will act as a foil to avoid the dangerous combination of investor emotions and bad investment ideas. They can earn their ongoing fee several times over simply by helping clients to have patience, fortitude and discipline in their investing.
In this volume of Acuity we explore the true value that an adviser can bring to your investment programme.