Measuring the performance of your investments can be a big headache for some of you.
This is because most financial institutions don’t help you accurately compute the returns of the investments you have with them. Many private bank statements only show you simple returns, which is the gain on the cost of your investments with them.
Some financial institutions cannot even compute the cost of your investments correctly!
Although you pay good money to a private bank for the assortment of banking services, aggregating accounts that are not with them to have a holistic financial view is not one of the services provided.
Sometimes, we have difficulty reviewing prospects or clients’ investments with other banks because the investments were separated in disparate accounts, and there were no overall money-weighted or time-weighted returns (Find out the difference between money-wegithed and time-weighted returns)....