Just made a change I should've made years ago — fired my old-school adviser.
He was nice enough, but all he wanted was to manage my portfolio. Problem is, I'm an index investor. I can rebalance myself. What I actually needed: someone to help me see the bigger picture, build a real financial plan, identify priorities, keep me disciplined.
My new adviser gets it. He's 30 years younger, understands what I need instinctively, and has given me more clarity and peace of mind than I've had in years.
The bigger issue? According to a new FCA report, only about 29% of wealth managers actually offer financial advice — let alone proper planning. Most firms still just push active portfolio management, which statistically extracts value vs. low-cost passive strategies. So the one service they do offer... they're not even good at.
If you're paying for advice, ask yourself: are you getting planning and clarity, or just portfolio shuffling? There's a difference, and it matters.
He was nice enough, but all he wanted was to manage my portfolio. Problem is, I'm an index investor. I can rebalance myself. What I actually needed: someone to help me see the bigger picture, build a real financial plan, identify priorities, keep me disciplined.
My new adviser gets it. He's 30 years younger, understands what I need instinctively, and has given me more clarity and peace of mind than I've had in years.
The bigger issue? According to a new FCA report, only about 29% of wealth managers actually offer financial advice — let alone proper planning. Most firms still just push active portfolio management, which statistically extracts value vs. low-cost passive strategies. So the one service they do offer... they're not even good at.
If you're paying for advice, ask yourself: are you getting planning and clarity, or just portfolio shuffling? There's a difference, and it matters.
