Common Reasons People Stick the Wrong Financial Advisor

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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.

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The View From The Pinnacle

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.

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Click the timestamps below to fast forward to certain points of the episode.

 

Thing’s You’ll Learn Along Today’s Journey

If you’ve made it to this site, you likely understand the value of a financial advisor or at least want to explore that possibility a little more to see if it makes sense for your personal portfolio. But even when someone understands the importance of an advisor, they might end up sticking with the wrong one for a variety of reasons.

In this episode of Retirement Elevated, Sean Lee addresses some of the most common excuses we’ve heard from clients through the years as to why they continue to stick with their advisor despite concerns and uneasiness.

Making a change is never an easy decision because of relationships formed through the years, and we understand that. But having the correct person aligned with your retirement goals will help you achieve the results you want for yourself and your family. By looking at some of these client excuses, hopefully you’ll be able to decide if a change is needed for your retirement.

Listen to the entire episode in the player above or click the timestamps below to hear a specific segment.

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.”

 

Looking Back From The Mountaintop

I need to find the right advisor in my phase of life that has the expertise and the abilities to work with me and build me a clearly defined income plan to get me to that next phase. -Sean Lee
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MEET YOUR HOST...

For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

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Investment Advisory Services offered through Elevated Capital Advisors, LLC, an SEC Registered Investment Advisor. Insurance products and services are offered through Elevated Financial Services, LLC.

*Guarantees provided by insurance products are backed by the claims-paying ability of the issuing carrier.

The retirement kit is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report, you may be provided with information regarding the purchase of insurance and investment products in the future.

Investment Advisory Services offered through Elevated Capital Advisors, LLC, an SEC Registered Investment Advisor. Insurance products and services are offered through Elevated Financial Services, LLC.

*Guarantees provided by insurance products are backed by the claims-paying ability of the issuing carrier.

The retirement kit is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report, you may be provided with information regarding the purchase of insurance and investment products in the future.