Welcome to a new week here on the Retirement Quick Tips podcast! I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision

The theme this week on the podcast is: How to fire your financial advisor

Many investors who work with a financial advisor aren’t satisfied with the relationship,  and plenty of DIY investors may not be that satisfied with the relationship of the investment company they’re working with, and would prefer to move their accounts and work with someone else, but if that sounds like you, a lot of roadblocks prevent you from making a change. 

You may think that it sounds like too big of a headache to move your accounts or you worry about triggering taxes or penalties because of your move. Or maybe you’ve been working with your advisor for a long time, and you consider them a friend, you’re afraid of the damage that making the switch will do to the relationship. Guilt or fear of the unknown keeps you from making the change. 

Believe me, I understand. I love the gal who does my hair, but her salon is in one of the worst parts of downtown Portland, where you’ve seen boarded up buildings, riots, and homeless encampments. I'm convinced that every time I go see her that I will return to my car with a window smashed in, but I won’t leave her. 

So this week I’ll talk about why clients will leave their financial advisor, the steps you should take if you’re ready to make a change, and why it might be easier to make the switch than you might think. 

That’s it for today. Thanks for listening! Come on back tomorrow…

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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----------Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance