When You Should Change Your Financial Advisor
Posted by Jim Peters at August 20th, 2013
When you hire a financial advisor in Orange County, you do so with the expectation that your funds will increase over time. If you are not getting what you need from the relationship, you’ll want to change advisors as soon as you can.
Here are some warning signs screaming that you’re ready for a change:
Your advisor switches jobs frequently.
If your Orange County financial advisor has switched jobs more than once in the past few years, chances are he’s running from something. It could be as innocent as a bad employer, but chances are it’s more serious than that. You don’t want to be mixed up with someone who has skeletons in his closet.
Your advisor isn’t available for you.
If you regularly have to contact your Irvine financial advisor repeatedly to get an explanation for a question, he’s no longer looking out for your best interests. It’s time to move on to someone who will have your back and answer your calls.
Your advisor continually pushes you in a different direction than you want to go.
You want to follow a certain investment philosophy, but despite your denials on purchasing different funds or annuities, your advisor persists. He may receive a large commission, which means he’s more concerned about his money than yours.
You feel know more about investing than your advisor.
If you’ve been in the game for a while, you may have picked up more knowledge about financial planning than your advisor. If you find yourself constantly second-guessing your financial advisor, you would probably be better off with someone else in the area.