5 Signs It’s Time to Break up with Your Financial Advisor – Founder and Chairman Contributes to Money.com

Posted on February 18, 2021
Brian Allen, CFP®

Brian Allen, CFP®

Founder & Chairman of Pension Consultants, Inc.

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

About PCI

Pension Consultants, Inc. (PCI) is an independent, fee-only retirement plan adviser on a mission to improve the financial security of American workers. PCI focuses on three key drivers of retirement readiness — Contributions, Investment Performance, Fees — to help plans prepare participants to retire on time with dignity. Pension Consultants, Inc. is registered with the Securities and Exchange Commission as an investment adviser.

About Author

Brian Allen is the author of Rewarding Retirement: How Fiduciary Committees Can Elevate Workers, Companies, And Communities, and Founder & Chairman of Pension Consultants, Inc., a fee-only plan adviser on a mission to improve the financial security of American workers. Allen has been an advocate for professionalism and a pioneer in the qualified retirement plan industry for more than 25 years. He was an early mover to a business model that eliminates incentives and inducements that can influence recommendations to clients, including commissions, gifts, marketing payments, and exotic trips. 

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