How to Change Your Investment Services if Not Satisfied With the One You Are With
- 1). Get recommendations for a new investment service or financial adviser. Ask friends or family who they recommend. Your bank likely offers investment services, and your accountant may also be willing to make a recommendation.
- 2). Research your prospective investment service or financial adviser. If it's an online service, review its website thoroughly, specifically looking for information on fees for stock trades and other services. If it's an individual adviser, make an appointment with each adviser. Ask your potential advisers about their experience, their credentials, their approach to financial planning, and how they are paid for their services.
- 3). Choose a new investment service or adviser. Your new adviser or service should be one that you feel has your best interests in mind. You should feel comfortable asking questions. If you're using an online service, it should be one that you feel comfortable navigating and that has clear, readily available information, including educational materials about investments.
- 4). Move your investments. If you're working with an individual adviser, meet with your adviser. Your adviser should do a thorough analysis of your investments, and then present a plan of action. If you agree to the plan, your adviser will ask you to complete a Transfer Initiation Form. If you're working with an online service, you can transfer funds online or call its customer-service number for assistance with transferring your accounts.
- 5). Monitor your new investments. Review your statements and ask questions if there's anything that isn't clear. A good adviser or service will be able and willing to answer your questions.
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