Choosing the right financial advisor is crucial for managing your wealth and achieving your financial goals. However, there may come a time when you need to reevaluate this partnership. Here are five signs that it might be time to break up with your financial advisor, along with a guide on how to do so smoothly.
How to tell when it’s time to move on from your financial advisor
- Lack of communication
Effective communication is the cornerstone of any successful client-advisor relationship. If your financial advisor is unresponsive, fails to provide regular updates, or doesn’t take the time to explain complex financial concepts, it might be a red flag. You deserve an advisor who is proactive, transparent, and available to discuss your concerns and needs.
- Poor performance
While no advisor can guarantee investment performance, consistently poor results compared to benchmarks or peers can be a cause for concern. If your portfolio isn’t performing well,...
