Published: November 20, 2025

 

A clear, practical framework to understand what’s working in your portfolio—and what may need attention.

It’s easy to glance at your investment accounts, see whether your balance is up or down, and move on. But that surface check can sometimes hide deeper issues—like unnecessary overlap or risk levels that no longer fit your current goals. A thoughtful portfolio review helps you see what’s really working and where adjustments may be needed.

 

Here’s a simple five-step framework to start:

1. List Every Holding and Its Purpose

Think of your portfolio as a team. Every player—stock, bond, mutual fund, or ETF—should have a defined role: growth, stability, income, or diversification. If you can’t clearly explain what a holding is meant to do, it may be time to revisit it.

2. Spot Hidden Overlap

Many investors own multiple funds that track similar indexes or hold the same top companies. That overlap can make your portfolio look diversified when it really isn’t. Comparing fund holdings can reveal whether you’re truly spreading risk or just duplicating exposure.

3. Review Fees and Costs

Investment costs—expense ratios, account fees, or trading costs—may seem small individually, but they can quietly chip away at returns over time. Understanding what you’re paying helps ensure those costs align with the value you’re receiving.

4. Match Risk to Real Goals

Your risk level should reflect your personal goals and timeline. A long-term investor saving for retirement will typically have a different allocation than someone preparing to draw from their accounts in the next few years. Evaluating how much risk you need (and can comfortably take) is key to staying on track.

5. Build a One-Page “Keep or Cut” Summary

Summarize your review on a single page. Note each holding, its purpose, costs, and whether it stays or goes. Seeing everything at a glance helps clarify how each investment contributes to your overall plan.

A portfolio review isn’t about reacting to short-term market swings—it’s about ensuring your investments are aligned with what matters most to you,” says Rob Beardmore, Partner, HFA |Senior Financial Advisor, RJFS

A regular portfolio checkup can help you see whether your money is working toward your long-term goals. While it’s something you can begin on your own, a conversation with a financial advisor can bring helpful perspective and uncover blind spots that are easy to miss.

Ready to take a closer look at your portfolio?

Connect with our team for a no-obligation review and see how small adjustments can help keep your financial plan on course.

 

 

This article is for informational purposes only and should not be considered individualized investment advice. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results. Before making investment decisions, review your full financial situation or consult with a qualified professional.

Any opinions are those of Rob Beardmore and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC, marketed as Hall Financial Advisors LLC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Hall Financial Advisors LLC is separately owned and operated and not independently registered as a broker-dealer or investment adviser. 837126