10 Signs It May Be Time to Break Up with Your Financial Advisor
The stakes are undeniably high when you entrust someone with the critical task of helping you manage your liquid wealth. This is even more true when you are nearing retirement and have more to lose. You basically get one opportunity to get it right. Many investors rate their financial advisor’s performance based on their results during the recent bull market. When you see your statement balances going up, that’s a good sign. You may think, “My financial advisor must be […]
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Date: December 15, 2023
Is Your Financial Advisor Overcharging You?
As you get older, it’s important to have a financial plan in place. This can help to make sure your golden years are secure and comfortable—and for most people, that means hiring a wealth manager. However, with so many options on the market, it can be difficult to know whether your financial advisor is really making the best decisions for your money over the long term. If you’re concerned that you might be getting overcharged, there are some signs to […]
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Date: September 19, 2022
Switching Financial Advisors: Finding A Pro in Connecticut
People hear the words “wealth management” and imagine somebody shuffling piles of gold coins around. Similarly, if they hear someone is “changing investment advisors,” they think it means swapping stock market coaches. The second one is right—because we do provide investing insights—but that’s only a small corner of the larger picture. My goal is to improve your overall financial life. Of course, this can happen through run-of-the-mill investing. However, it is more often due to interwoven fiscal strategies, like retirement […]
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Date: April 18, 2022
The Headline Jane Believed and How It Affected Her Financial Future
In my experience as a financial advisor for more than 30 years, I’ve learned that many investors, even confident, successful, high net worth investors, learn by example, like we do in the rest of our lives. Unfortunately, many times, this example is a mistake they make themselves. With this in mind, I’d like to tell you about “Jane,” a well-educated woman I met before the pandemic who agreed to let me share her story. Some mistakes can be quite costly, […]
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Date: November 8, 2021
Getting a Second Opinion – 6 Reasons You Owe It to Yourself
No one blinks when you ask for a second medical opinion. After all, it’s your health and well-being. You can’t be too careful. So why don’t more people seek second opinions on their finances? It’s their financial health and well-being after all. There are many motives for seeking a second financial opinion, and they don’t necessarily imply that you are currently getting bad advice, just like you may not be receiving bad medical advice either. However, if you are, changing […]
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Date: October 26, 2021
5 Times a DIY Strategy to Financial Planning Doesn’t Work
If you have the time and expertise, you might be able to do your own financial planning. However, most people lack both, which is one of the many reasons to use a financial advisor for guidance. Taking on a task you’re not properly suited for can end in costly, avoidable mistakes. Unfortunately, it takes many DIYers a few big mistakes to finally ask for help. We see this a lot at Heritage Capital, when prospective clients come to us, asking […]
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Date: October 4, 2021
7 Reasons You May Want to Switch Financial Advisors
Your financial advisor owes you attentive, personalized service that produces successful results. Unfortunately, some financial advisors tend to take their clients for granted. Others turn out to be disappointments for a variety of reasons. You don’t have to put up with a financial advisor who falls short of your expectations and requirements. Instead, you can exercise your prerogative to switch to a new financial advisor who will provide you the treatment you deserve. How? Check out our new guide: Switching […]
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Date: August 9, 2021
