Quote:
Originally Posted by Nufy
Is it common to have your portfolio reviewed by a third party for clarity / effectiveness etc...
How common is it to change advisors ?
I am not financially illiterate but I do need help in understanding some of the finer details.
I am wondering if my advisors and I are in the same mindset.
I want to reduce debt while they are steadfast in retirement planning.
I know I'm being vague here but am wondering how other people have dealt with this.
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If your advisor isn't listening to your goals I would switch.
Especially if (as is likely) they get paid as a % of your portfolio assets.
Because in that case the advice to save for retirement vs pay down debt, aside from being not YOUR goal, is probably colored by the fact that they get paid more on invested assets but not on debt paydown.
Edited to add: not an advisor or anything, that's just how I would feel about it.