My Financial Advisor Switched Firms! What Do I Do?

Firms are constantly stealing financial advisors from their competitors.  Every day you, the investors, are taking calls from your advisors informing you that he or she has taken a job at a new firm, and since you are a valued client, they reccomend you move your account to the new firm right away.  They assure you this move will be seamless.

Before signing an account transfer form, take some time to reassess the advisor, your relationship with hime or her, and the fees you are paying. It is important to know why the advisor is taking a job with a new firm.  In almost every case, the move is motivated by money; the advisor’s money, not yours.


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