If you are currently working with a financial advisor, be sure to read the following scenarios. While we all want to believe that our investments will secure our financial future, this is not always the case.
During monthly bill review, clients have questions, so naturally, they turn to their financial advisor for answers. The adviser, once helpful and kind, suddenly became obscure and did not answer questions with the same confidence as when he was first hired to tackle investments.
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Reality Check:- Does the above scenario sound like your financial advisor? It's a shame, but actually, it happens more times than we all think. When your confidant, "once helped" financial advisor doesn't have the answers to your top investment questions, it may be time to dive into them.
Here are a few more signs that it may be time to seek out a new financial advisor:-
Has your financial advisor stopped answering your calls? A reputable financial advisor should be there to explain your investment, answer questions about fees, and stay available even after your plan is complete.
Your expert doesn't know more than you do. Unfortunately, many financial advisors have that right but don't have the experience to back it up. When you know better than your current advisors about investing, financial planning and wealth accumulation, it may be time to move on.