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.