The easiest way is to check and see if the results you are receiving are achieving your near term and long term financial goals.
When you started the relationship with your advisor, you did agree on a written set of goals for you monies, didn't you? By putting those goals in writing, you will have gone through a thought process and will know what you are trying to achieve. Also, by giving your advisor written guidelines, he/she will have specific guidelines to use when reviewing your account performance. A serious investor has specific goals for their monies: a market participant has no goals and is along for the ride or the vicarious thrills of watching the short term swings of their portfolios. If you have specific goals, then you have a benchmark by which to judge whose interest your advisor is watching out for.
I'm not trying to oversimplify the process. I'm trying to get you to have a process.
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