You've done a noteworthy job for your client for years, shepherding a modest initial investment into six figures or more. You worked with them on goals, taking their concerns into account while offering advice on financial planning and developing a portfolio to meet their specific needs.
Now that your client has a healthy nest egg, they're looking to save on advisory fees and go it alone. Perhaps they'd like to pick a few low-cost, diversified index funds and watch that portfolio grow even bigger.
We asked advisors to share what they've told, or would tell, clients who decide to become do-it-yourselfers when it comes to managing their portfolios. Here are emailed responses from five financial advisors and one business coach on clients who ponder going the DIY route. Answers may be edited for length or clarity.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.