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.
|
It's hard to say how often people change advisors, because I do think that there is a lot of inertia involved. But really, there's nothing wrong with a second opinion on things, and that's common. If the person that you get a second opinion from is good, they should give you an honest opinion and tell you what they'd change and what they'd keep the same, and more importantly why those changes would be made.
And as far as the "focus" of your plan, that's where you should be on the same page as your advisor. In my opinion, clients drive the bus on that aspect.