How Many Investment Advisers Should You Hire?

Because you value diversification, you might think if one adviser is good, two would be better, right? Well, not so fast.

Cooking and investing: What could they possibly have in common? As it turns out, quite a bit.Just as too many cooks can spoil the broth, too many investment advisers can spoil your investment returns. In fact, your “investment soup” tastes best when it comes from the kitchen of one investment adviser.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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James D. Harrington, assistant professor, CFA
Senior Investment Adviser, Bluesphere Investment Advisors

James D. Harrington, CFA, is an assistant professor of practice at Temple University, where he teaches financial planning and risk management and insurance classes. He also is an independent senior investment adviser with Bluesphere Advisors LLC in suburban Philadelphia. Jim has 30+ years of investment experience covering both investing for individuals and institutions.