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.

(Click the featured times below to jump forward in the episode)

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

Mailbag: How Much is Too Much to Spend on a Forever Home?

August 4, 2022

Retirement decisions involve a lot more than just the money, but also the emotional and lifestyle decisions, too. Eric answers three questions from the mailbag from listeners making retirement decisions.

Read More

Financial Jeopardy

July 28, 2022

We play the game of Jeopardy as Eric answers financial questions on today’s show. Do you know all the answers?

Read More

401(k) Weaknesses

July 21, 2022

If you have a 401(k), what are some of the downsides? Eric talks through what a 401(k) is best for and when it is better to invest elsewhere.

Read More

Retirement Planning: It’s Not As Easy As It Looks

July 14, 2022

What should you be considering when trying to DIY your retirement plan? Eric talks through why many later decide working with a financial advisor is best.

Read More

Financial Security in Retirement

July 7, 2022

What does it look like to achieve financial security? Let’s talk through a few financial goals people have when they meet with a financial advisor.

Read More

Financial Planning for Business Owners

June 30, 2022

When you’re a business owner, you put your heart and soul into your business. There’s a lot that goes into starting and running a successful business. When it’s time to retire though, how can you make sure your transition goes well?

Read More

Economic News and Sensational Headlines

June 23, 2022

How much should you pay attention to some of these recent financial news headlines? Eric shares what he thinks and what matters when it comes to your financial situation.

Read More

Conventional Wisdom

June 16, 2022

Should you follow conventional wisdom when it comes to your financial decisions? Eric shares when the conventional wisdom might not be best.

Read More

Retirement Vacation Planning

June 9, 2022

Let’s plan the vacation of your dreams: retirement. More than simply a week away, you want to spend the right amount of time and energy thinking about this major season in life.

Read More

Financial Things We Can All Relate To

June 2, 2022

What are we all facing and wondering about in our financial futures? Eric talks through a few topics you might have had on your mind lately.

Read More

Leave a Comment