Investment Committee Insider: Good (and bad) adviser benchmarks for client portfolios

'Every line is the perfect length if you don't measure it', or so goes the saying. This truth in this statement is self-evident when it comes to measuring and benchmarking portfolio performance. So much so, in fact, I often find myself paraphrasing it as 'every portfolio is superior if you don't measure it or pitch it against the wrong benchmark'. Performance measurement and benchmarking practices vary widely amongst advisers. Some are robust, others questionable or even downright ridiculous! The aim of this piece is to examine the conundrum around portfolio benchmarking, specifica...