The removal of pooled fund inefficiencies, combined with the insights and education provided by our team, allows investors to be confident in their portfolio. However, even with an efficient portfolio, investors can still be unhappy due to four factors: Poor Portfolio Construction Lack of Insight and Understanding Poor Investor Behavior Poor Support Poor Portfolio Construction The first reason investors can be unhappy is due to poor portfolio construction. This is seen often with retail investment advisors who are limited by their experience, technology, products, licensing, and/or team support. These advisors use third-party, pooled products that have several drawbacks. Hidden costs of investment products Such as expense ratios and internal trading costs. High investment advisor fees Some investment advisors charge 1% or more, not including the costs of the products they offer. Portfolio Overlap Unintentional overlap in sectors or holdings within investment products can lead to overconcentration of underperforming assets or include more downside risk than investors desire. Low-Quality Holdings Portfolios could include securities of companies that are unhealthy, often making them speculative or high-risk. Low-Yielding Bonds Low-yielding bonds are often found in bloated pooled bond