It will be time to part ways with your investment manager when, over a protracted period of time, your investment manager has been unable to accomplish the job they were hired to do. The problem is knowing how to define that job description and measure the manager's activities and performance against it.
In this guide, we will answer the following:
- What are the elements of the manager's “job description” that need to be documented?
- What factors of your investment plan can your manager control?
- Should the benchmark that the manager proposes be the sole standard of measurement against which their activities are judged?