Armchair Critic: How I benchmark advisers

Advisers aren't the only ones with benchmarks you know...

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Brendan Llewellyn takes an arms-length look at the financial advice industry. This week: An adviser might have his benchmarks for clients' investment portfolios, but Brendan's got some of his own...

There has been comment in these pages as to what benchmarks advisers should use on investment portfolios, but to turn the question round, if I were buying the services of a financial adviser, what sorts of benchmarks would I use? Whose benchmarks are they, anyway? Of course I appreciate that an expert will have much to tell me on the subject of benchmarks, but as a buyer I think I have the right to say what I'm looking for. I would expect my adviser to have access to a wide variety of benchmarks, but to be confident in the professional relationship, I have to be able to say what co...

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