You use a wealth manager or you are thinking of using a wealth manager.
If so, why?
It doesn’t matter which wealth management firm you choose, but if you were asked to articulate why, could you do it? What criteria did you apply to make the right choice for you?
And why is it important to know?
It is vital you know why as you need to measure success. If you do not measure success, you suffer the consequences.
Without measuring performance, you don’t do better than mediocre. Even if an organisation appears to be performing well, that’s not guaranteed to continue. Without measuring performance, you can’t anticipate and prevent or mitigate problems. It’s that vital.
So, challenge yourself. Write down why you use your wealth manager.
If you want some questions to help you think about performance measurement, see them here.