There are many reasons an adviser may not be a good fit for you, your plan, or more importantly, your participants. Pension Consultants, Inc. (PCI) Founder and Chairman, Brian Allen, CFP®, recently spoke with Money.com’s Mallika Mitra about red flags to consider when assessing a financial adviser relationship. He provides insight on the most common warning signs he sees in the financial industry.
The article, “5 Signs It’s Time to Break up with Your Financial Advisor,” looks at 5 primary reasons to rethink your financial adviser: 1) Poor portfolio performance, 2) conflicts of interest, 3) a bad relationship, 4) Rigidness, and 5) Overcharging.
At PCI, we believe in working to remove all 5 of these obstacles for clients. We eliminate conflicts of interest. Our clients see stringent, fair, and objective performance standards in 3 key drivers of retirement readiness: total contributions, investment lineup, and plan fees. We measure our value to clients quarterly with transparent reporting. And we make the ultimate commitment to our clients with fees aligned to results and a fee cap so that plan participants benefit from outperformance.
If you think it’s time to re-evaluate your financial adviser, check out the full article on money.com
