Most advisors and their clients don’t see eye to eye on measuring portfolio performance, according to global asset manager Russell Investments’ latest quarterly survey of U.S. financial advisors.
The majority of advisors (53%) said that they measure performance based on the portfolio’s progress toward meeting the client’s investing goals. However, they felt that only 29% of their clients held the same view. Rather, clients were more likely to gauge performance by short-term factors, such as one-year returns (54%), the portfolio’s absolute return (49%) and portfolio volatility (41%), the survey found.
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