Is Your Investment Strategy Off the Charts?
The literal answer to this question is probably yes but, unfortunately, not because you have experienced extremely high returns. With the exception of “do it yourself” investors or high net worth individuals, for efficiency, the investment strategy recommended by your adviser is most likely predetermined and selected from a chart of strategy ideas which are solid under most circumstances. Unfortunately, customized solutions are generally reserved for high-net-worth clients.
Who can assist you with individual stock selections if that’s your desire? Your adviser probably doesn’t have time. The primary role of your adviser is to obtain new clients and picking individual stocks on your behalf is a rare occurrence, even for independent advisers. However, many investors are looking for more than “off the chart” solutions.
So, what can you do if you are not a high net worth individual or “do it yourself” investor? If you have an independent adviser, you might have an option if your adviser is willing to partner with a trusted investment strategist able to provide custom solutions. Ask your adviser about custom solutions if you think they are right for you.