[Pearlpam]

First of all, most brokers, advisers, money managers, and planners are likely to underperform the market because of fees and added costs eroding returns. But with so many professionals out there, it's inevitable that a few of them will get lucky and have great performance for five or ten years. It would be mathematically impossible that all would underperform the market.So if your portfolio underperforms for a year or two, it doesn't prove that your manager is bad, but it's an early indication that he's not likely to be one of the few that does beat the market over long periods of time.