While enjoying coffee with a friend, she told me that she was considering changing financial advisers. As we were talking it brought to mind many of the frustrations I had when managing a financial advisory business.
It’s very hard to get clients and advisers on the same page.
My friend listed two main concerns. First, she said she didn’t think her investments were performing well. They certainly weren’t beating the market, and the investments she manages herself in her 401(k) had performed better.