Steve tackles a listener’s big question: “If my portfolio underperformed the market this year, should I fire my advisor?” He breaks down what “the market” really means, why your benchmark should match your portfolio’s purpose and risk level, and why a single 12‑month snapshot can be wildly misleading. Steve also shares when underperformance becomes a true red flag and how to thoughtfully evaluate whether your advisor is still the right fit for your long‑term goals.
Here’s some of what we discuss in this episode:
📊 Your Plan Matters: The market is not always the right benchmark
⚖️ Risk Changes Everything: Portfolios should match goals and timeline, not headlines
⏳ Short-Term Isn’t Everything: One year rarely tells the full story
🚨 Patterns Deserve Attention: Chronic underperformance should raise questions
💬 Ask Better Questions: Strong advisor relationships encourage open conversations
0:00 – Listener Question: Fire My Advisor?
1:11 – Evaluating advisor performance
3:14 – Understanding market benchmarks
7:44 – Long-term vs. short-term underperformance
11:03 – When to be concerned
13:46 – Work with Steve
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
