Quote:
Originally Posted by manaboutown
Although he researched them to some degree using Barron's advisors lists they have performed at best no better than the S&P and usually worse.
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So asking a CFA/CFP to beat the market is a very difficult task, as very few can do it without some sort of informational/forecasting/trading edge. So that is one strike against your friend's expectations and past experiences.
Second, since so very few can actually do it, if his goal is capital appreciation and the S&P is his benchmark for success, the only other way to outperform that index is to market time that index. He can pay someone to perform that market timing for him from a very highly rated market timing service, but only if that is his goal. Check out Mark Hulbert's Market Timer results, and I subscribe to the top timer, and it is possible, but requires work and dedication to follow
Third, if the goal is hands off, non emotional investing, I would recommend
O'Shaughnessy Asset Management
The investment industry is huge, and some are not widely advertised on main stream media, so you have to do some "research" to find the best match for your goals. . . and that most likely means knowing how to get around search bias and SEO optimization for your ip address and cookies.
But as many have said on here, we don't know the personal goals for the money, and only he can articulate that, to be matched up with the best advisor. . .
good luck. .
finance guy