Common Complaints About Financial Advisors

Today’s Prep:

Are you feeling frustrated when it comes to your financial planning? If so, these three common financial complaints might make you feel like you aren’t alone, but also give you hope for a better scenario.

Equipping Points:

Do you have complaints when it comes to your financial plan or financial advisor? We talk through common financial complaints to learn how to fix the problem on today’s podcast. Do any of these complaints sound familiar?

Do you feel like your advisor takes too much risk? If you want growth, you will have to be in risky types of things. But what is actually needed for your plan? Risk is okay if it’s what you want, but you also want to make sure your investments are within your risk tolerance. You need to know what rate of return to have to make in order to make your plan work. Be sure to go through an assessment to show what your risk tolerance actually is.

Do the fees you are paying feel too high? Fees only come into question in the absence of value. Is the financial advisor you are working with bringing value? Remember what benefits advisors are supposed to bring. Coaching you through decisions and keeping your plan and emotions in check has been shown to raise your return overall. But it is important to work with the right advisor for you.

Finally, do you feel like you only hear from your financial advisor when they seem to be selling something? You should be meeting with your advisor at minimum, once a year. That helps you keep your financial plan updated and on track. More than that, Eric and his team communicate frequently with clients to share information about the markets with weekly emails and investment updates.

If you want to have a better experience than that of any of these three complaints, come in to get a retirement readiness review with Eric.

Listen to the entire episode or skip ahead using the timestamps below.

1:45 – “My advisor takes too much risk.”

4:35 – “My fees are too high.”

8:20 – “I only hear from them when they want something.”

Today’s Takeaway:

You need to know what rate of return you need to earn to make your plan work.

-Eric Peterson

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

Bracket Busters and Stock Flops: The Risky Game of Picking Winners

March 27, 2025

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.

Read More

Are Hidden Fees Draining Your Retirement Savings?

March 20, 2025

In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.

Read More

What Game Night Can Teach Us About Financial Planning

March 13, 2025

In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.

Read More

Mailbag – Upsizing, Financial Advisors & Business Owner Planning

March 6, 2025

Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career.

Read More

Planning for Unique Situations in Retirement

February 27, 2025

While many face the same general retirement concerns, each individual’s situation is unique, requiring tailored solutions.

Read More

Planning for Kids, Grandkids, & Your Future

February 20, 2025

As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.

Read More

Financial Planning Conversations for Couples

February 13, 2025

This episode is focused specifically on that planning we do with couples with insights on how we help them navigate tricky conversations about money and retirement.

Read More

Is Your Retirement Based on Wishful Thinking?

February 6, 2025

Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions.

Read More

Spending With Confidence in Retirement

January 30, 2025

Eric shares strategies to help retirees enjoy their savings while ensuring financial security.

Read More

Watch Out For These Financial Half Truths

January 23, 2025

Eric pulls back the curtain on some of the most common financial half-truths that many retirees and investors encounter. As someone gearing up for retirement,

Read More

Leave a Comment