How often you meet with your advisor to review your portfolio is purely client driven. Some clients like to be updated as frequently as quarterly, while others maybe once a year. Any time period more frequent than quarterly would not be as productive as minimal changes are likely on a monthly basis. However, you should, at a minimum, meet at least annually so that you are comfortable that the portfolio is staying within the given investment objective guidelines and that you fully understand any changes that have been made since your last review. Additionally, larger changes in lifestyle such as retirement updates, job changes, inheritances should cause frequent communicates with advisors between meeting. These life changes may cause investment changes to reflect current circumstances. Additionally, investment advisors should communicate with clients if significant investment changes may be required due to changes at sub-advisors’ business, management changes, etc.
We at Copper Harbor have clients that meet as frequently as quarterly to those that meet as needed. The timeframe we use is normally set by the client to accomplish their investment goals and comfort level.