Ask how their RISK adjusted return beat the benchmark after fees. You have a very high probability of being disappointed. If they even bother to answer the question.
Many advisers use a computer model to allocate investments that can be found for free. Save the fees. They have no magic formula. Ask Warren Buffett.
I had a friend in the business. His educational credentials were no better than a car salesman. He used a computer program and collected a nice fee.
I find it bizarre that one thinks they have special insight. Otherwise they would be billionaires.
Caveat Emptor
Last edited by Babubhat; 10-04-2023 at 05:38 AM.
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