If your portfolio is bigger, it may be time to review if you still fit the profile of your advisor’s typical client. (Getty Images)
A relationship with a financial advisor is very personal– after all, your advisor knows a lot about you.
But there comes a time when you might be ready to work with someone else as your circumstances evolve. It may be hard to see those signs initially, and because of the personal relationship with the advisor, you may put it off switching as long as possible.
But if your personal situation has changed, whether your portfolio has grown, you’ve gotten married or divorced, have kids or are near retirement, it’s time to think about what your advisor can – or cannot – do for you. Breaking up is hard to do, as Neil Sedaka sang in the 1960s and 70s, but be aware of these signs that you’ve outgrown your investment advisor.