The world's economy is unstable. Events could unfold at any time in China, Russia, Europe or Japan that could lead to a rapid decline in stocks. A good advisor builds a portfolio with different risks. If your advisor put all or most of your wealth into stocks in 2014, he or she was ignoring the geopolitical issues in the world. Essentially, that advisor was playing Russian roulette with your money.
So if you're beating up your wealth advisor because your portfolio didn't grow like the S&P 500, step back and think for a minute. He more than likely did a great job. He gave you a properly managed portfolio that contained some investments that did poorly. He made sure that when one investment went up, there was another that went down. He designed a portfolio that included non-correlated investments.
Read More6 questions for your advisor
If your advisor truly cares about your financial well-being, he'll be looking for a solid annual return on your portfolio—but not a huge one. It sounds odd, but he needs to make sure that there's something in there that won't do well in good times, because if everything goes up in a good year, everything will go down in a bad one.
If you had a well-balanced portfolio last year, then you should have seen growth in the neighborhood of 11 percent. If you saw 17 percent, you got lucky. Your advisor guessed well. However, he was guessing, nonetheless.
It's time to get smart, not lucky with your investments.
—By Ed Butowsky, special to CNBC.com. Butowsky is managing partner at Chapwood Investments.