There are a couple of important points missing from your question that make offering a specific answer impossible. What is the purpose for your portfolio and what is it comprised of? If the purpose is to exceed a specific market average, then a quarterly or semi annual review may be sufficient. If you're invested in large company stocks in an Exchange Traded Fund (ETF), then very little supervision or review should be necessary. If the purpose of your investments is to save air fare to Las Vegas and give you a rush reading the financial section of a news source or you own leverage ETF's, then your check should be much more (daily?) frequent.We also don't know the size of your portfolio and how your advisor works. A $1,000,000 portfolio will get a lot more attention than a $100,000 portfolio. And $100,000 will get you more attention from most brokers than $10,000. And how does your advisor work with clients? Does he/she build positions and all of their client accounts look the same or not? If they are all mirror twins, then building and liquidating a position should assure that you're being supervised. If not,.........If you are working with a Registered Investment Advisor, your portfolio will probably look like the rest of their clients holdings and less supervision should be required on your part.But when all is said and done, it is always your responsibility to keep an eye on whats going on with your money. If something doesn't feel right with your affairs, it probably isn't right. Don't wait for a situation like that get out of control.
You should check on your portfolio on a regular basis - such as monthly or quarterly. This often coincides with the timing of when you receive your statements. You should review your asset allocation, fees, investment choices, and performance in relation to your specific goals. These can be discussed with your advisor or benchmarked against a well-known index such as the S&P 500 or Barclays Aggregate Bond Index. An investment advisor should be working with your best interests at heart, but you should always double check that you agree with their portfolio decisions.
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