Скачать или смотреть How to Fire Your Financial Advisor (and possibly sue them)

A viewer emailed me with a heartbreaking story. Her financial advisor convinced her to surrender an annuity, pay a $10,000 fee, and then buy another annuity. The advisor earned a big, fat commission, while the viewer at best would break even over time. This raises the possibility that her advisor was engaged in a practice known as "annuity churning."

Now she wants to fire her advisor. What should she do?

In this video, I walk through some steps to consider if you face similar circumstances. Please note that I'm not offering financial or legal advice. Consult with a financial advisor and/or attorney for professional advice.

Resources

FINRA Complaint: https://www.finra.org/investors/need-...
FINRA Brochure: https://www.finra.org/sites/default/f...
Example Termination Text: “Please remove yourself and your firm as my financial advisor/agent of record on all accounts and investments. I will be managing my assets independently going forward. Do not execute any further transactions on my behalf.”

Join the Newsletter. It's Free:
https://robberger.com/newsletter/?utm...

Financial tools I use:

I track all of my investments, performance, fees, and asset allocation with Empower. It's Free:
https://go.robberger.com/empower/yt-

I use Monarch Money to manage our budget: https://go.robberger.com/monarch-yt/y...

My retirement plan comes from Boldin, the most robust retirement planner available at a reasonable cost:
https://go.robberger.com/boldin/yt-

I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free:
https://go.robberger.com/capitalize/yt-

My Book (Retire Before Mom and Dad):
https://amzn.to/4d9qbhA

#financialadvisor #finra #robberger

0:00 - Intro
3:26 - The Contract
4:09 - Getting the money back
6:04 - Firing the Advisor
10:04 - Filing a Complaint
13:18 - Hiring an Attorney

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

LET'S CONNECT

Youtube:    / @rob_berger  

Facebook:   / financialfreedomguy  

Twitter:   / robert_a_berger  

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

*Disclosure*: Some of the links in this description are from partners who compensate us. This means — at no extra cost to you — I may earn money if you click and sign up for a product or open an account. This creates a financial relationship that may influence my recommendations, but I only recommend products and services I believe in and would recommend to my own mom. Advertisers have no control over my content. Read the full advertiser disclosure here: https://robberger.com/how-we-make-money/