Ten Warning Signs of Working with the Wrong Financial Advisor
Are you working with the wrong financial advisor? Is he still the advisor best qualified to help you meet your retirement goals—and to do so with confidence and peace of mind? It’s a crucial question, so we’ve compiled a list of “10 Signs You Might Be Working with the Wrong Financial Advisor” to help you decide.
1. Your advisor ignores your changing temperament
Have you asked your advisor to make your portfolio more conservative only to have him or her fight you on it? This is a major red flag. Most people want to invest more conservatively as they get older, and understandably so. If your advisor is pushing back, it could be because he isn’t qualified to manage a truly conservative, income-generating portfolio—or it could be because he has a financial incentive to keep your portfolio the way it is.