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Assess your advisor on long-term performance

If you assess your advisor on short-term returns, he will use riskier products to generate them, which could result in losses

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Harsh Roongta
“I know you cannot guarantee returns, but can you give me an estimate of the returns I can expect?” I get this question from many prospective clients while exploring the chances of working together.

This is such a contradiction. They know that results cannot be guaranteed but still want to press for a milestone they can use later to evaluate performance. This is much like a young player asking a sports academy head: “I know you cannot guarantee it, but how many wickets do you think I will be able to take after getting coached at your academy?”

How does the sports
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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