Navigating the Transition to a New Financial Advisor

09/07/23 • 24 min

Another Day In Retirement Paradise with Eric Judy

In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.

Here are some of the things you’ll learn in this episode:

Why we often make the analogy to dating for what we do.
Why someone that focuses on accumulation won’t fit you well in retirement and a transition to a specialist might be necessary.
The financial implications to consider if you want to change advisors.
Why we prefer to judge someone based on subjective metrics rather than performance-based ones.
What qualifications should you look for in a new advisor and what questions should you ask?
What can you expect from the transition process from one advisor to another.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Here are some of the things you’ll learn in this episode:

Why we often make the analogy to dating for what we do.
Why someone that focuses on accumulation won’t fit you well in retirement and a transition to a specialist might be necessary.
The financial implications to consider if you want to change advisors.
Why we prefer to judge someone based on subjective metrics rather than performance-based ones.
What qualifications should you look for in a new advisor and what questions should you ask?
What can you expect from the transition process from one advisor to another.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Previous Episode

Countdown Clarity: Timing Your Retirement Preparations

From figuring out the right time to be debt-free and when to adjust your portfolio risk, to deciding when to plan for your Social Security benefits or healthcare coverage, this episode guides you through the ideal timeline for each. Tune in to find out how far away from retirement you should have answers to these pressing questions.
Here are some of the things you’ll learn in this episode:

When should you aim to be debt free?
When we want to take a close look at income and figure out where everything will be coming from?
The discussion we have with clients about Social Security and a claiming strategy.
Should you and your spouse retire at the same time or should you stagger your dates?
Do you have too much risk in your portfolio for your age?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Next Episode

Exposing Retirement Planning Complaints

Working with a financial advisor should allow you to build a plan you understand well and feel comfortable with moving forward towards retirement. But not every client-advisor relationship is perfect and there are reasons why people aren’t always happy with their plan.
In this episode, we tackle the common complaints and fears about financial situations during retirement. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.
So don't miss out on this episode as we equip you with the knowledge you need to confidently plan for another day in retirement paradise.
Here are some of the things you’ll learn in this episode:

Why people feel like their advisor is taking too much risk.
The importance of understanding the fees you’re paying.
How we help someone that feels like Social Security won’t be enough to cover their expenses in retirement.
The importance of communication and building a relationship for our business.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy