Portland Private Wealth Management Blog

Listen to PodcastOur core philosophy can be summed up with the phrase ‘know what you own and why you own it’. If your financial advisor cannot adequately explain to you why you own something or what your underlying investments are, then you probably should not own it. If you cannot easily understand all of the fees and are able to make a true assessment of your total cost of ownership, then you should probably skeptical of such an investment. If you feel you are part of the investment ‘herd’ or paying to much for a ‘cookie cutter’ asset allocation strategy then you probably are. If you feel that you have to much turnover or trading in your account, then you probably do. If your statement is full of pages and pages of transactions and you are uncomfortable because you are not sure what is going on in the account, then you should probably make some changes. If your advisor doesn’t do his or her own homework and is peddling his or her firm’s latest ‘best idea’ then you should probably think twice. If