Need help with your financial adviser? Email your question or issue to picks@marketwatch.com.

  • Adviser has gone dark and can’t be reached
  • Account has $500,000 in it
  • Considering options for finding a new adviser
  • Looking for a fiduciary
  • Suggestions for finding a qualified adviser

Question: My business has a SIMPLE IRA for employees, but our adviser has gone dark and we can’t reach him. We have $500,000 in the account and prefer to deal with someone in person. What are our options? Answer: Getting ghosted by an adviser is not acceptable. Connect with another adviser at the existing firm to get an explanation and see what solution they can offer. If the situation doesn’t improve, it may be best to look for a new adviser. Consider a registered investment adviser (RIA) firm that specializes in small business retirement plans. Ask about their payment structure and make sure they are a fiduciary. You can find qualified advisers through recommendations, the CFP Board’s website, or NAPFA’s website. Ask potential advisers about their fees and make sure you feel comfortable talking to them about your finances.

Public Companies:
Private Companies: undefined, undefined, undefined
Key People: Mark Struthers (Certified Financial Planner at Sona Wealth Advisors), Andy Rosen (Investing Spokesperson at NerdWallet), Eric Henderson (Certified Financial Planner at East Horizon Investments)

Factuality Level: 7
Justification: The article provides practical advice and suggestions for finding a new financial adviser, including the importance of a fiduciary and different options to consider. The information is relevant and helpful for someone in the situation described in the question. However, the article does include some unnecessary repetition and could have been more concise.

Noise Level: 3
Justification: The article provides relevant information and advice on finding a new financial adviser for a SIMPLE IRA. It addresses the issue of being ghosted by an adviser and suggests contacting another adviser at the existing firm for an explanation. It also mentions the importance of a fiduciary and provides options for finding a qualified adviser. The article stays on topic and provides actionable insights for the reader.

Financial Relevance: Yes
Financial Markets Impacted: The article discusses the need for a new financial adviser for a business’s retirement account. It mentions options such as financial centers at banks or brokerage houses, as well as registered investment adviser (RIA) firms. The choice of a new adviser could potentially impact the financial markets and companies involved.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impacts.

Reported publicly: www.marketwatch.com