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wasmick - have you tried asking him to benchmark himself? Or shared your benchmarking results with him?

If you explained what you were benchmarking him against and how that was improtant to you it would serve a couple of good purposes to share that with your advisor. First, gets you on the same page as far as investments and could give some insight into the risk profile you may have in mind. Second, if he is a good advisor IMHO, he would track your established benchmark and provide detail on where he leads or lags that benchmark, eventually you would not have to track - you would still know and that is the plus side of using advisors. He is doing the worrying!



Sorry, Doc....I didn't see this reply.

I do share my benchmarking results with him. I also told him I planned to do so when I gave him the money. Firstly, because as avowed index investor I didn't believe he would out perform my index funds after expenses (although his expenses are pretty low). But also, because of the reasons you state above regarding risk profile.

As far as asking him to benchmark himself, that's a great idea. I didn't think of it but I will suggest it in our next sit down.

I didn't think the benchmark tracking was such a big deal since I simply created a shadow portfolio at the time I transferred the assets. It was a portfolio of index funds (about 8 funds in all) so there's no trading or maintenance needed to maintain it. But I like the idea of him doing that work. After all as you say, that's what I'm paying him for!
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