As wealth accumulates, many investors find themselves with complex and unconsolidated investment portfolios, which are hard to manage, structurally inefficient, and costly to change.
There is much to be said for striving for relative simplicity in wealth management, which generally translates into better overall returns.
Read about ‘messy portfolios’ and more in the article by Elmien Pols, CFP® FPSA® TEP, and Fiduciary Practitioner at Private Client Trust, and Mark MacSymon, CFP®, Wealth Manager, at Private Client Holdings.
Read the article here