Retirement Elevated Podcast with Sean Lee

Common Reasons People Stick the Wrong Financial Advisor

September 5, 2019

Picking the right financial advisor can be one of the most important decisions you make for your retirement, but many times we end up sticking with the wrong person. Many reasons cause can lead to this, but we often justify our decisions with a few common excuses. Let’s look at some of the common ones we hear from clients.

Check out the full show notes for this episode by clicking here

Today's rundown:

1:18 – Introducing today’s topic

2:15 – Excuse 1: “My portfolio hasn’t been great but my advisor has become a close friend.”

4:02 – Excuse 2: “I don’t always understand everything in my portfolio but money isn’t really my thing.”  

5:31 – Excuse 3: “We don’t get together often for reviews and my calls don’t get returned. I know they’re probably busy and they’ve been taking care of my parents for years so I know they have my best interests in mind.”

7:55 – Excuse 4: “They don’t specialize in retirement planning but I’ve been with them for so long so I’ll stick with them.”