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PERFORMANCE
Our portfolio monitoring system allows us to track the performance of our
client’s portfolios. We compare our average return after fees against the
returns of the average NZ pension fund or balanced unit trust before fees.
We have outperformed over the short, medium and long term in a very
difficult environment. For perspective in the ten years ended 30 June
2011 the World Stockmarket returned -2.7% pa before management fees.
We are pleased with our performance but caution that historic returns aren’t
necessarily indicative of future returns.
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For the period ended
30/06/2011 |
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1 Year |
5 Year (pa) |
10 year (pa) |
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PAM Clients (after fees) |
12.9% |
1.7% |
5.3% |
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Average Pension Fund (before fees) |
10.5% |
1.1% |
3.4% |
PERFORMANCE RELATIVE TO BENCHMARK
These are actual
results with clients money not model portfolios unrepresentative of actual
advice.
Footnote:
PAM returns are
after all fees. The Average Pension Fund is a composite measure of returns
from NZ Government stock (30%), global bonds (10%), property (10%), NZ
equities (15%), global equities (35%). These weightings approximate those
used by the average pension fund. Although we haven’t included ongoing
management and monitoring fees for the calculation of the average pension
fund return we estimate that these fees approximate 2% - 3% pa for
comparable financial planning firms to ourselves.
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