Breaking Up is Hard: Navigating the Transition to a New Financial Advisor

Retire Ready with Kyle Hammerschmidt

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In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.

Join us as we explore the value of finding an advisor who aligns with your financial goals, offers personalized strategies, and provides emotional support for your retirement journey. Remember, retirement planning requires thoughtful consideration, so don't hesitate to make the change that will secure your financial future.
Here are some key takeaways from this episode:

• Look for an advisor whose philosophy and personality align with your financial goals and preferences. They should be able to explain their strategies clearly and be transparent about their services and fees.
• Once you've decided to transition to a new advisor, have a courteous conversation with your current advisor, keeping it professional and concise. The new advisor should handle most of the paperwork and make the process smooth for you.
• Don't judge your new advisor solely on recent performance. Consider the broader value they bring to your financial life, such as alleviating stress, providing education, and tailoring strategies to meet your unique needs.

Helpful Info:

Kyle's website: http://www.mokanwealth.com/

Phone: [phone]

Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.

Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. We are not affiliated with any government agency.

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.