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Some Consultants Emphatically Say … No!
By Staff Reporters
Nope! So says Andre’ Cappon, Guy Manual, Stephan Mignot and Seth Varnhagen of the CBM Group, Inc; a consulting firm in Manhattan, New York. In fact, while writing in Registered Rep – a trade magazine for FAs in September 2009 – they estimate that long-term real (adjusted for inflation), actual (after taxes, fees and market timing) returns for the average retail investor, to be around 0 percent. That’s right; not the 8-12 percent usually attributed to long term investing trends.
Or; do you simply have the wrong type of Financial Advisor [FA]?
Visit: www.CertifiedMedicalPlanner.com Do you need a fiduciary advisor? Who really knows for sure?
About the CBM Group
Founded in 1992, the CBM Group is a general management consulting firm specialized in the financial services industry. Their goal is to help leading financial institutions, and their financial advisors, create and sustain the competitive advantages necessary to thrive in the global marketplace.
Link: www.theCBMGroup.com
Assessment
Despite the math, and numerics like Ibbotson charts showing impressive long-term gains, on average retail investors — like doctors, medical professionals and ME-P readers — have made very little actual return on their savings; according to CMB.
Link: http://registeredrep.com/advisorland/marketing_selling/0901-small-investment-return/index.html
Conclusion
And so, your thoughts and comments on this Medical Executive-Post are appreciated. Does your FA add value to his/her fees of 1-3%; or are they a drag on your portfolio’s performance. Ever consider “doing it yourself” like some medical institutions www.HealthcareFinancials.com
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Filed under: CMP Program, Financial Planning, Investing, Portfolio Management, Recommended Books | Tagged: Andre’ Cappon, CBM Group Inc, CFP, CMP, fiduciary advisory, financial advisors, Guy Manual, Ibbotson, registered representative, Seth Varnhagen, Stephan Mignot, www.certifiedmedicalplanner.com | 6 Comments »
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