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5 Bad Habits That Drive Your Financial Advisor Crazy

Maintaining a good working relationship with your financial advisor is important, especially when you’re trying to build wealth. But annoying your advisor or doing things that drive him up the wall could prevent him from wanting to help you meet your financial goals. If your advisor seems to be avoiding you these days, here are five reasons why that could be happening.

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1. You’re Being Too Needy

A good financial advisor should be available when you have questions or you need advice. That doesn’t mean, however, that you need to have them on speed dial.

There’s a fine line between maintaining an open line of communication and being a nuisance. If you’re constantly calling to discuss trivial matters or things that have nothing to do with your finances, don’t be surprised if your advisor stops answering your calls.

2. You’ve Fallen off the Radar

5 Bad Habits That Drive Your Financial Advisor Crazy

While you don’t want to nag your advisor all the time, you don’t want to be the one who’s ignoring their calls either. Having to track down a client can be frustrating for an advisor, especially since you’re the one whose finances are at stake.

If your advisor’s trying to get in touch with you, it probably isn’t a good idea to put them on the back burner. If you find yourself doing that, it might be time to end your relationship with your financial advisor.

Related Article: 4 Signs Your Financial Advisor Is Taking You to the Cleaners

3. You Asked for Advice and Ignored It

A good financial advisor will evaluate your financial situation and develop strategies that will help you achieve your financial goals. If you ask for advice and then brush it off, your advisor might feel like you don’t value her insight.

4. You’re Letting Your Emotions Affect Your Decisions

Your financial advisor probably isn’t interested in dealing with a client who’s constantly on an emotional roller coaster. Wanting to sell of your assets whenever the stock market plunges could drive your advisor crazy. And letting your fears and emotions affect your investment strategy could prevent your investments from growing.

Related Article: 4 Ways to Banish Investing Fears for Good

5. You Think You’re the Expert

5 Bad Habits That Drive Your Financial Advisor Crazy

You can’t become a financial advisor without doing some serious work. Advisors have to go through extensive training before they can help others manage their finances and investments. Second-guessing their advice can leave a sour taste in your advisor’s mouth.

If you have a financial advisor, it’s important to understand their role and be open to their suggestions. If you’re spending a lot of time telling your advisor what to do, that could indicate that you don’t need advice in the first place.

Photo credit: ©iStock.com/monkeybusinessimages, ©iStock.com/Don Bayley, ©iStock.com/DragonImages

Rebecca Lake Rebecca Lake is a retirement, investing and estate planning expert who has been writing about personal finance for a decade. Her expertise in the finance niche also extends to home buying, credit cards, banking and small business. She's worked directly with several major financial and insurance brands, including Citibank, Discover and AIG and her writing has appeared online at U.S. News and World Report, CreditCards.com and Investopedia. Rebecca is a graduate of the University of South Carolina and she also attended Charleston Southern University as a graduate student. Originally from central Virginia, she now lives on the North Carolina coast along with her two children.
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