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Carrick Worksheet Dec 172015
Carrick Worksheet Dec 172015
Nothing punctures client complacency about investment advisers like a bad year for the m
year 2015 was a notably bad one for investors, and advisers should absolutely be held acc
scientific about assessing your adviser, not emotional. Using our Globe and Mail adviser ev
judge your portfolio, and assess the broader relationship with your adviser.
I have a financial plan and bad years like 2015 were factored in
Notes: One of the signs you have a good adviser is that your investment approach is dictated by a fina
financial goals like a comfortable retirement and putting your kids through university.
As part of the planning process, your adviser will have looked at how much you have saved and how
The adviser should then have calculated the average annual rate of return youll need to meet your g
a loss in 2015 will easily be offset by gains in the future.
My adviser has already contacted me to discuss how I'm affected by weak markets
Notes: You should talk to your adviser in depth once a year to discuss your finances, be it in person, b
out update e-mails, particularly in stressful times for the markets. In some way, your adviser should h
questions you might have about the market dramas of 2015.
I feel fine paying my adviser after a losing year because I got solid advice
Notes: People sometimes ask me why they have to pay fees when their investments lose money. The
based on wide-ranging advice, with investments being just a part of that.
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national markets, which did a fair bit better? Preferred shares were a disaster did
t bonds? Junk bonds got hammered did your adviser limit them to a small portion of
d your adviser limit your exposure?
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n 2015. Partly, this is because the risk assessment tools used in the investment
k. Good advisers understand this and build portfolios accordingly. If you feel
with your risk tolerance.
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an advisers work on your portfolio. Three or, better, five years is preferable. Use the
portfolio was not well constructed and left you vulnerable to the kind of market setback
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h is dictated by a financial plan. The plans purpose is to map a route to achieving
rsity.
have saved and how much you contribute to your investments on an ongoing basis.
need to meet your goals. A realistic target in the 5 per cent range after fees suggests
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ferred back to your financial plan over the years to document your progress. You want
rack and heres what were going to do to fix that.
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es, be it in person, by phone or on Skype. Beyond that, its typical for advisers to send
our adviser should have contacted you to provide reassurance and answer any
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investment sales person. The true adviser understands that building net worth must
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nts lose money. The answer is that the client-adviser relationship is supposed to be
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