The new year is a great time to reevaluate your investment portfolio. Take a look at the returns you earned, the fees you paid, and the taxes you incurred over the last year.
When looking at your returns, remember that you should compare how your investments have done against an index. The baseline comparison should not be “did I do better than flat?” It should be: “How did I do relative to the appropriate asset class index?” If you’re not sure what the appropriate comparison index is, contact us and we can help with the evaluation.
The second thing to look at is fees. How much did you pay in fees this year? Make sure you include fund fees, trading fees, and any other applicable fees in addition to your advisory fee. What you pay in fees eats into your investment returns, compounding over time. Reducing your investment fees in 2025 can benefit you for many years to come.
Sometimes taxes are unavoidable, but there are often steps that can be taken to mitigate them. This can be through the types of accounts you are using, the specific investments you hold, and the way these investments are bought and sold for you in your accounts.
Contact us if you want a second opinion on your portfolio as we head into the new year. As fiduciaries on all accounts, for all clients, we are legally and ethically required to put your interests ahead of our own. We do not accept commissions to sell you products or participate in mutual fund revenue sharing agreements. As fee-only fiduciaries, we receive payments only from our clients. This helps eliminate common conflicts of interest that can arise in the financial industry.
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