How to Fire Your Financial Advisor in 4 Simple Steps

One of the most important financial decisions we make is who we take financial advice from.

As someone who writes about money, there is nothing more important than going out into the real world and talking to actual people about money

This person did not want to know if they “should” fire their financial advisor.

When The Question Is “How” Not “If”

There are four steps you need to take before actually firing your advisor.

How To Fire Your Financial Advisor In 4 Simple Steps

1. Instructions on how to terminate the relationship.

Step 1: Review Your Contract

2. Fees.

If you can’t find the contract ask your advisor or their administrative assistant for a copy of your contract. There are two particularly important sections of that contract.

You have three options to consider.

Step 2: Decide What You’re Going To Do Next

1. DIY.

2. Find a new advisor.

3. Robo-advisors.

The final step before firing your advisor is to request a copy of your investment records.

Step 3: Request A Copy Of Your Investment Records

It’s finally time to fire your advisor.

Step 4: Fire Your Advisor

You have two options to deliver this letter.

1. If you are working with a new advisor.

2. If you’re handling your finances moving forward.

Money Management

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