Vetting the Questionnaires
PROFILEBarclays nailed my desire to take some long-term risk in the market but picked up on the fact that I'm more likely to become "unsettled by short-term fluctuations in portfolio values than most individuals" and worry about "accidentally taking on more risk than appropriate for [my] level of risk tolerance."
PRESCRIPTIONBarclays screened for funds with returns less volatile than the benchmarks they tracked. One "large-cap core" fund, for example, would make 8.8% if the Russell 1000 made 10%, but lose only 6.5% if it fell 10%. My willingness to delegate to an adviser will "mitigate or prevent the damaging cognitive biases" that could come from my being a nervous investor, Barclays said—and ensure I take enough risk.