Losing your financial advisor can be unsettling, especially when they’ve been an integral part of your financial planning. However, it’s important to remember that this situation isn’t uncommon, and with the right approach, you can ensure your financial goals remain on track. Here’s a step-by-step guide on what to do if your financial advisor leaves for another firm, or even the industry.
- Stay calm and assess the situation
Keep calm before carrying on. While it’s natural to feel concerned, it’s also important to keep your emotions in check. Take a moment to assess the situation before making any hasty decisions.
Remember that your investments, insurance policies, and financial plans are not in jeopardy simply because your advisor has left. Your insurance policies are contracts between you and the insurance company, not your agent.
This means that the terms, conditions, and coverage of your policies do not change when...
