Preliminary second quarter investment management reports for clients of Financial Planning Associates, Inc. have now been posted in secure online client folders. Final reports will be posted when consumer price index information becomes available. The second quarter of 2017 has been a good one for our investors, the aggregate return being +2.25%, which includes all of our investment clients, from the most conservative to the least conservative. In general, our younger clients experience returns greater than the aggregate, and some of our most conservative investors experience results that are somewhat lower.
The aggregate return for our investors during the past 12 months has been +10.07%.
Note: The calculation used to determine our clients’ aggregate return is called the internal rate of return. It is cash flow specific, and is net of all fees and expenses. It represents the average return experienced by our investors during the period. Investment return information is provided by Morningstar using GIPS standards.