Should I diversify the number of advisors I work with to minimize risk and maximize my performance potential?
Overview
Challenging conventional thinking: Investors are typically taught that diversification of portfolio assets is the prudent approach to preserving and growing wealth. Yet the majority of the families we serve appreciate that this tenet doesn’t necessarily apply at the advisory level. In other words, diversifying across multiple advisors without integrating their strategies may result in unintended consequences. This article explains those consequences and how it can hinder your investment strategy.