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Sunday, October 14, 2012

The Impact on Clients When Financial Advisers Move On


Paul Sullivan writes in his Wealth Matters column this week about financial advisers who are moving to another firm or setting out on their own. The phenomenon, Paul says, has increased since the tumult of the financial crisis.

Many of these advisers' clients probably don't care much about the changes, Paul writes, as long as they continue to get the same service.

But clients really do have a choice. If they were happy with their investments, they may not necessarily have the same options at the new firm. Some clients, though, may have developed a good relationship with their advisers and are loathe to turn over their holdings to someone new. Either way, a time of change offers an opportunity for cl ients to rethink how their investments are handled.

Has your financial adviser ever moved on? What was your experience?