Podcast Episode 402: How Often Should You Meet with Your Financial Advisor?
A good relationship between a client and their financial advisor relies on clear communication and regular check-ins to ensure everything is on track. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® dive into the importance of ongoing communication with your financial advisor and how often you should be touching base.
Regular, Detailed Visits
How regularly should you meet with your financial advisor? While this varies based on your individual situation, we typically recommend coming in for a visit at least once or twice a year. These meetings are designed for in-depth reviews, evaluating everything from your current expenses and investments to your tax situation. It’s important to have these annual or bi-annual check-ins with your advisor to stay on top of any necessary changes to your financial plan.
Proactive and Reactive Communication
Effective communication with your financial advisor should be both proactive in offering advice and reactive to changes in your life. At Johnson Brunetti, we prioritize staying in regular contact with our clients. Through newsletters, client events, industry updates, and more, we aim to keep clients informed and educated both during and outside of our meetings. Additionally, if your life circumstances change, we’re here to help adjust your strategy accordingly.
Quality Over Quantity
While it’s important to stay in touch, there is such a thing as too much communication. Meeting with your financial advisor too frequently could lead to unnecessary adjustments or decisions based on short-term market volatility. A strong financial plan should be built around long-term goals, not the day-to-day fluctuations of the market.
Some clients may feel the need to meet more often, especially during major life changes. However, if you’re not seeing meaningful progress in your financial strategy despite frequent visits, it might be time to reassess that relationship. A good advisor should focus on building trust and offering proactive guidance.
Key Takeaways
Ultimately, a solid relationship with your financial advisor should be grounded in trust, clear communication, and a shared vision for your financial goals. Regular check-ins are essential for adjusting your plan when needed, but they should be driven by your long-term strategy rather than fleeting market conditions.
Are you wondering if you’re ready to retire? Get your free Are You Ready to Retire? Starter Kit by texting “KIT” to 800-757-0436.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
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