Intelligence

Signs Your Money has Outgrown Your Investment Advisor

While some people in the retirement-planning stages worry about outliving their money, others have a different concern: that their money is outgrowing their investment advisor. According to Retirement Wealth, it’s not unusual for the size of the client’s investment to increase well beyond their advisor’s level of experience and knowledge. Higher net-worth individuals often demand more creative, sophisticated planning for their needs than their original advisor is able to provide. In this story, I’m trying to pin down the warning sings that a client’s financial assets have outgrown his or her advisor. What are the warning signs and red flags? At what point does the client make a move to an advisor with more expertise and more capacity? What role do robo advisors play in handling larger client accounts, if any?