In this Money Wisdom Podcast Episode, learn why it’s important to have a plan and not react when the market goes up or down. Discover some reasons why you may need to look for a new financial advisor. Learn how major life events can trigger the need for an advisor.
Main Questions Asked:
When is it time to look for a new financial advisor?
Who should I listen to when the market goes up or down?
What life events trigger the need for a financial fresh start?
Whose Predictions Are Right When the Market Goes up or Down
It’s hard to predict the market. Therefore, it’s important to have a plan in place to protect and grow your assets when the market goes up or down.
We don’t know who will be right with their market predictions, but we do know that having a solid plan can protect against volatility.
The Grass Being Greener on the Other Side
Should I find a new financial advisor if my advisor makes a mistake and costs me money? Most advisors wouldn’t admit they made a mistake. If your advisor admits and corrects it, that is a high level of honesty.
My advisor’s business is too big, and I never talk to him. This isn’t a reason to leave at all. Associate advisors can do a great job. If you aren’t getting good service, then it is time for an honest conversation.
Should I leave my current advisor because I went to a seminar and the new advisor is more entertaining and engaging? No, unless you think they have a better handle on things than your current advisor.
I recently moved. Should I work with someone local? This is personal. You don’t have to leave just because you are in a different state.
I lost a ton of money when the market crashed. Do I need a new advisor? If this was a complete surprise, then you may need a new advisor. Did your advisor prepare you for the chance of this happening?
A job change – Retiring or switching companies is a big change. This is a time to assess whether you are on track or not. You also need to think if you should roll the money over or leave it behind. Consider healthcare and your spouse’s situation.
After a divorce – This is a situation where you start over again with your assets. You should get someone involved before the divorce to discover the things you should be thinking about. You need to know how your pension will be split up, what you will do about Social Security and 401(k)s.
Receiving an inheritance – Do I pay off my mortgage? Do I path my debt? Do I set money aside for my kids and grand kids? Do I need to set up a trust or put life insurance into that trust? An inheritance needs to be a fresh start where you put together a plan beginning with day one.
Sandy & Thomas C. are clients of Johnson Brunetti and received no compensation for their statement.
“We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”
Lisa D.
Lisa D. is a client of Johnson Brunetti and received no compensation for her statement.
“Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”
Ken D.
Ken D. is a client of Johnson Brunetti and received no compensation for his statement.
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
Jeanne P.
Jeanne P. is a client of Johnson Brunetti and received no compensation for her statement.
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
Anonymous
This testimonial was provided by a client of Johnson Brunetti and received no compensation for their statement.
“I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”
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Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC. Atlanta • Boston • Hartford | Tel: 800-208-7233
JB Capital LLC is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.
