Don’t let your financial adviser make your life difficult. Take control of your money.

  • Consider finding a new financial adviser if your current one isn’t treating you with respect
  • Ask your adviser or an estate planning attorney about the limitations on accessing your inheritance
  • Schedule a meeting with your current adviser to discuss your concerns openly
  • Look for a Certified Financial Planner (CFP) who is a legally-bound fiduciary
  • Interview 2 to 3 financial advisers before making a decision
  • Seek a second opinion from another financial adviser for insights into your current approach

If you’re finding it difficult to withdraw money from your financial adviser, it may be time to consider finding a new one. Your adviser should treat you with respect and help you understand your money. If they’re not doing that, it’s a good indication that you need to make a change. There could be various reasons why your adviser is not giving you access to your money. It could be due to fees and penalties for early withdrawals or limitations set up when you received your inheritance. It’s important to have a conversation with your adviser or an estate planning attorney to understand the specifics of your situation. If you decide to stick with your current adviser, schedule a meeting to discuss your concerns openly. Effective communication may help address any misunderstandings or issues that have arisen. However, if the situation doesn’t improve, it’s time to look for a new adviser. When searching for a new adviser, consider finding a Certified Financial Planner (CFP) who is a legally-bound fiduciary. CFPs are required to put your best interests ahead of their own, minimizing conflicts of interest. Before making a decision, interview 2 to 3 financial advisers to find the right fit for you. Look for fee-only, fiduciary advisers who will act as your advocate and partner. Don’t hesitate to express your concerns and needs. If you’re unsure about your current approach, seek a second opinion from another financial adviser. An independent professional can provide insights into whether your goals align with your financial strategy. Remember, your financial adviser should guide you and remind you of your goals. If your spending aligns with your goals, your adviser should not hinder you from accessing your money. Take control of your finances and find an adviser who will support your financial objectives.

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Factuality Level: 3
Justification: The article provides some general advice on dealing with a financial adviser, but it lacks specific details and examples. It also includes some opinions and subjective statements from financial experts. Overall, the article is not well-researched and does not provide enough factual information to support its claims.

Noise Level: 3
Justification: The article is primarily focused on providing advice to the reader regarding their financial adviser. It contains relevant information and suggestions for finding a new adviser if necessary. However, the article includes some unrelated information and repetitive statements, which contribute to the noise level.

Financial Relevance: Yes
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification:

Reported publicly: www.marketwatch.com