5 Signs It Could Be Time to Fire Your Advisor
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Working with a financial advisor can be a great first step to helping make sure you're on track to meet your financial goals. Unfortunately, some advisors may not have your best interests in mind.
While advisors are prohibited from promising returns, research suggests that people work with a financial advisor feel more at ease about their finances and could end up with 15% more money to spend in retirement.¹
If you've been with your advisor for a while and you're thinking about making a change, here are five signs it's finally time to fire your financial advisor. Not sure where to start to find a new advisor? SmartAsset's no-cost tool simplifies the time consuming process of finding a vetted fiduciary. Answer a few questions to get matched with up to three vetted financial advisors serving your area. All advisors on the platform have been rigorously screened through a proprietary due diligence process and are legally bound to work in your best interest.
Ready to learn what to do when you and your advisor may no longer be on the same page?
Learn more >> Try SmartAsset's Financial Advisor Matching Tool Planning for retirement? Take this free quiz to get matched with up to 3 vetted financial advisors serving your area. |
Sources: 1. "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study. |
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