Deciding When to Retire
- By NJ-Buckeye
- Open Discussion (Work-safe)
- 146 Replies
and in light of @Jagdaddy post as well as earlier posts about financial advisors.. I can't stress enough to ensure your advisor is experienced.. and I'd say, practicing during the 2008 crush... and ideally in 2002 as well... because when the market hits the inevitable 'adjustment' newer advisors will still be focused on 'growth' ie lassoing new clients and you could be collateral damage by the distraction... experienced advisors will more likely be more focused on their accts.. they always are aware of clients ranked by their assets.. and when it hits, they will address them highest to lowest in order..
you can go to FINRA.org and look the advisors up by name and firm.. that will tell you how long they have been practicing and if there are any blemishes on their record.. next ask your advisor how many accts are they servicing... if they say anything over 150 accts be cautioned because when it hits they can probably get to 20-30 accts a day and if they have 400 accts, lots of accounts are gonna get crushed before you get a call.. some of these advisors could have 1000 accounts.. that means the last folks in that list aren't being serviced for 2 months post thus are toast
you can go to FINRA.org and look the advisors up by name and firm.. that will tell you how long they have been practicing and if there are any blemishes on their record.. next ask your advisor how many accts are they servicing... if they say anything over 150 accts be cautioned because when it hits they can probably get to 20-30 accts a day and if they have 400 accts, lots of accounts are gonna get crushed before you get a call.. some of these advisors could have 1000 accounts.. that means the last folks in that list aren't being serviced for 2 months post thus are toast
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