In this November interview with Wall Street Journal reporter, Veronica Dagher, asks Charlotte Beyer to describe common misconceptions advisors have about the rich. Beyer then explains how courage can overcome misunderstandings in the investor advisor relationship.
When working with private investors, advisors sometimes forget a key part of a system that will insure their success. And similarly, investors forget to let the advisor help them be more specific on outcomes, benchmarks and testing hopes against reality!
This blog describes clearly and succinctly an important Note to advisers and clients: Write Your Investment Plan
Jason Zweig and Charley Ellis are highlighting a sea change in the investment industry. Increasing number of investors choosing to index or go passive, combined with the new robo-advisors may just mean that this trend IS your friend?