LFM&P: You should be treated as an individual with individual needs. Your assets should be continuously supervised with you in mind, directly for your needs, strategy and financial plan.
Common Industry Practice: In order to be efficient and competitive, large advisory companies with many clients must group similar clients together and manage their accounts as a collective process. You are assigned to an existing group strategy, rather than having a strategy developed and executed for your individual needs. The performance of your investments is reviewed only periodically with your specific needs in mind.