When to sack your financial advisor

A new book warns of the need to do some soul searching before firing a wealth manager.

Summary:  A new book recommends evaluating financial advisors based on performance, philosophy, process, people and fees. Consider your own biases and try to work through any issues with an advisor. Firing a competent advisor without looking carefully at the situation could be as costly as hiring a bad advisor. 

Key take-out:  Do some soul searching and consider your expectations before firing a financial advisor who seems unsatisfactory.

Key beneficiaries: General investors. Category: Strategy.


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