Working in the Financial Services profession, I am always looking for better ways of doing things, better systems, more comprehensive services and better products.
One thing I pride myself on is the fact that I thoroughly research before I decide to act on adopting a new service or product.
A very unfortunate event took place last week. After months of research, I decided that a certain company who offers Fiduciary services was a much better fit for my retirement portfolio than the Advisor I had been using for the past 7 years. So, I decided to move the portfolio over to the new company for them to manage it for me.
When my broker became aware of my intentions, he called me in a state of fury. In the end he berated me with questions, called me foolish and said that I had no idea what I was talking about.
The conversation left me in an emotional tailspin. I felt belittled for making a choice for my OWN portfolio. What right did he have to disrespect my decision for my money.
In the end, I must ask; “how well do you know your advisor?” Are they working for you or are they just in it for their own commission? Be careful who you trust and be careful not to associate with any professional who does not have YOUR best interest at heart.