So my fancy fee-based portfolio slightly outperformed for the month of June with a return of 0.67% compared to 0.22% for the robo-adviser. This also put my fee-based adviser ahead for the second quarter with a total return for the quarter of 2.22% compared to 1.89% for the robo-adviser.
However, the full service adviser is still running behind for the year with a total return for the first six months of 0.55% compared to 2.46% for the robo-adviser.
Note that these figures are all after fees, loads, expenses, etc., so the fact that my full service adviser has my portfolio invested in some fairly expensive managed funds and very expensive hedge fund investments is reducing the returns here. So they're already starting with a significant disadvantage on the expense side, requiring a fair amount of outperformance just to stay steady.
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