I am generally pro-Advisor on this forum but if you get to the point to where you believe that you are not getting value for the money spent, then it is time to end the Advisory relationship and move on. A lot of times, people come here and learn a lot and realize they could do this themselves, so they fire their Advisor and that is absolutely okay. There often gets to be a point where you have outgrown the Advisor.So I'm gearing up to end things with my financial advisor. I'm really bad at this stuff, I get too emotional and sensitive about hurting his feelings and all that stuff. I know, it's ridiculous. But, it's also very real. I do have a Schwab brokerage account and I think it's a straightforward transfer. My only obstacle is notifying my advisor. I can take the easy way and send him and email. But we have been together many years, and while we are not friends, he has done well by me, We chat a couple times a year. I feel like a call would be more proper. Or can I take the easy way out? Any words of encouragement so I can stop over thinking all of this? Thank you
Ending an Advisory relationship is difficult but realize that this is a business decision. People in the Advisory business get fired all of the time, facing rejection is part of the business. Probably what I would do is to send an e-mail thanking him for all his help but that you have now chosen a different route and leave it at that.
Statistics: Posted by nedsaid — Tue Oct 01, 2024 8:52 pm — Replies 45 — Views 1650