LiteBright
Critical Thinker
- Joined
- Apr 9, 2024
- Messages
- 253
I've worked with my financial planner for more than a decade now and always been satisfied with her work. Returns have always been equal or better to the relevant indexes so I have been more or less happy.
She was also managing my mothers finances and once did me a huge favour in bending a rule of her profession to alert me to my mother potentially being defrauded by a live in caregiver. I was grateful for that as it saved my mother losing her savings (which she eventually did anyway but that's another story). My brother uses her services also.
But red flags have started to pop up repeatedly.
-She went through a difficult divorce and was uncommunicative for several months which concerned me but I chalked it up to her going through a difficult period in her life and let it slide.
-Over the next few months she was still intermittently out of touch and always seemed to have another excuse. Her cell phone died, her brother had a brain aneuryism, etc etc. I started to get concerned.
-Then finally we arranged a meeting almost 18 months after we had last met. She insisted on coming to my home rather than meeting at her office. This was new and I got a little suspicious so I asked my brother to swing by her office (its near his home) and he told me her sign was still there but it was locked up on a weekday. Her receptionist and assistant were nowhere to be found. He also told me that she had been giving him excuses as well and they were different from what she was telling me. She had a new beau in the US, dog required surgery etc etc.
-When she showed up at my home she was driving a brand new Corvette. Very out of character for her. I asked her about it and she told me that she got some money in her divorce and decided to live a little. Ok maybe she is having a little mid-life crisis, it happens.
-Then after our meeting she asked me if I ever listen to Joe Rogan's podcast and went on gushing about how smart and amazing he is. Uh oh, major red flag. I told her that I didn't and I thought Rogan was an imbecile and I would never listen to someone who would give Alex Jones a platform. Then she started in about Alex Jones and how he was controversial but being unfairly suppressed. I said no, Jones is not controversial, he is horrible human being, period. Now I am getting deeply concerned.
Over the past 2 weeks I have been researching and I can't find any online complaint or negative reviews of her. Her license appears to be in good standing and the fund companies she represents all have her still listed as an authorized dealer. I also verified that my money is all present and safe where it should be.
I don't want to dump her lightly after having such a long and productive relationship but on the other hand, the changes in character and behavior she has exhibited over the past 2 years are very odd. She is managing my retirement savings and I don't want to find out one day she has put them into some crypto scheme (rogancoin?). I think its fair to question the judgment of anyone who thinks Joe Rogan and Alex Jones are intelligent and the endless excuses as to why she hasn't been returning calls sound very phony.
Am I overreacting here or should I be looking for a new planner? All opinions appreciated.
She was also managing my mothers finances and once did me a huge favour in bending a rule of her profession to alert me to my mother potentially being defrauded by a live in caregiver. I was grateful for that as it saved my mother losing her savings (which she eventually did anyway but that's another story). My brother uses her services also.
But red flags have started to pop up repeatedly.
-She went through a difficult divorce and was uncommunicative for several months which concerned me but I chalked it up to her going through a difficult period in her life and let it slide.
-Over the next few months she was still intermittently out of touch and always seemed to have another excuse. Her cell phone died, her brother had a brain aneuryism, etc etc. I started to get concerned.
-Then finally we arranged a meeting almost 18 months after we had last met. She insisted on coming to my home rather than meeting at her office. This was new and I got a little suspicious so I asked my brother to swing by her office (its near his home) and he told me her sign was still there but it was locked up on a weekday. Her receptionist and assistant were nowhere to be found. He also told me that she had been giving him excuses as well and they were different from what she was telling me. She had a new beau in the US, dog required surgery etc etc.
-When she showed up at my home she was driving a brand new Corvette. Very out of character for her. I asked her about it and she told me that she got some money in her divorce and decided to live a little. Ok maybe she is having a little mid-life crisis, it happens.
-Then after our meeting she asked me if I ever listen to Joe Rogan's podcast and went on gushing about how smart and amazing he is. Uh oh, major red flag. I told her that I didn't and I thought Rogan was an imbecile and I would never listen to someone who would give Alex Jones a platform. Then she started in about Alex Jones and how he was controversial but being unfairly suppressed. I said no, Jones is not controversial, he is horrible human being, period. Now I am getting deeply concerned.
Over the past 2 weeks I have been researching and I can't find any online complaint or negative reviews of her. Her license appears to be in good standing and the fund companies she represents all have her still listed as an authorized dealer. I also verified that my money is all present and safe where it should be.
I don't want to dump her lightly after having such a long and productive relationship but on the other hand, the changes in character and behavior she has exhibited over the past 2 years are very odd. She is managing my retirement savings and I don't want to find out one day she has put them into some crypto scheme (rogancoin?). I think its fair to question the judgment of anyone who thinks Joe Rogan and Alex Jones are intelligent and the endless excuses as to why she hasn't been returning calls sound very phony.
Am I overreacting here or should I be looking for a new planner? All opinions appreciated.