How to Break Up with Your Financial Advisor

In this episode James explores signs that may indicate it's time to move on from a current financial advisor and discusses the professional and respectful ways to handle this transition. There are three core aspects to consider when contemplating the change:

Deciding to Leave:

The first step involves recognizing signs that it may be time to move on. 

Telling Your Advisor:

James provides two scripts for notifying your financial advisor about your decision.

Handling Logistics:

After the decision to switch advisors is made, there are several logistical considerations.

James highlights that making the decision to switch advisors can be emotionally challenging, but ultimately, it's a crucial step in securing your financial future.

Questions Answered:

How do you decide if it's time to leave your financial advisor?

What's the best way to tell them that you're leaving?

How do you handle the logistics? 

Show notes links:

When Should You Work with a Financial Advisor?

https://www.youtube.com/watch?v=1V1X-dovlF4

Script: Break up with your Financial Advisor

https://docs.google.com/document/d/1IwYM5DDcvm0FEtkc99Lf9sy840wmGfhLm62-o7NmMpg/edit

Timestamps:

0:00 Intro

1:18 How to decide

7:00 How to tell them

8:10 Script 1

9:09 Script 2

11:03 Script 3

15:28 The logistics

17:54 Outro

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