Know When to Replace Your Financial Adviser

Telephone calls began flooding in to financial planners early last month as the pain of June 30 account statements hit home.

For many clients who had relied on advisers to steer them through a turbulent market, steep drops in the value of their portfolio from as recently as a month earlier came as a double-digit shock. "That's when the phone calls start — when the market goes bad and they get a statement," said Ed Gjertsen, a certified financial planner in Glenview, Ill.

Know When to Replace Your Financial Adviser
Source: Hartford Courant