Problems with your financial planner?
It could just be a difference in personality or culture, or it could be the passing of time or even a geographic location.
Bring these issues to their attention. Don’t be shy.
Make an appointment to discuss everything.
Be very wary of the planner that has no time to meet you and discuss your concerns.
Had enough? Change financial planners. You are making a big decision.
Do it in writing, as a matter of professional courtesy, and good practice, considering how much responsibility is given to your financial planner looking after your affairs.
There is no reason that your underperforming financial planner will schedule future work, other than the required monitoring of existing investments, until a replacement planner is appointed.
A good planner will spend considerable time conducting research and looking for appropriate future opportunities on your behalf.
However, you still need the previous financial planner to warn you in case there are some real problems with your investments.
You don’t want to be between financial planners with no advice.
Your new financial planner will assist you in preparing a simple one-page letter addressed to the product provider or administration service that is holding your assets and will describe your intention to change financial planner and will give the details of the new financial planner to redirect correspondence.
Usually, it is a matter of updating computer systems and records so that instructions can be handled efficiently.