Byline: Dr. Robert Stepleman
Many investors use a full-service financial adviser as their primary source of overall financial guidance, but few spend much time pondering the questions: Are those advisers doing a good job, and how would they know it?
Those who do ponder the question often focus on criteria that are too simplistic.
For example, some investors I have spoken to have told me they like their adviser and he makes them feel good. Others have mentioned that he seems to be doing all right managing their investments.
While both of these are nice, they are hardly criteria that have the required "meat," considering many investors are entrusting their families' futures to these advisers.
In my …