CHAPTER 9Can This Marriage Be Saved? When to Fire Your Advisor

Overheard: “I don’t know what went wrong. I’m just not happy with my current circumstance. I don’t feel valued. I don’t feel listened to. It feels nothing like it used to when our relationship was brand new. Now I feel taken for granted.”

If you, as the newly appointed CEO of My Wealth, Inc., have been explicit in your expectations with your advisor, you will be at a distinct advantage. However, if you have drifted, abdicated, and passively let things just happen without expressing your needs and your expectations, you are bound to fail at this relationship—and your partnership will likely dissolve.

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Rules, rules, and more rules.

Many investors forget a few basic rules of relationships. Whether you are a private client in a relationship with your advisor, or a spouse in a relationship with your better half, you need to follow the rules.

Just as a doctor can’t cure you if you don’t reveal your symptoms, here, too, you need to speak up. Tell your advisor how you feel. ...

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