“Research by US publication Investment News suggests around two-thirds of children fire their parents’ financial adviser after they receive an inheritance”
If 2/3rds will sack their parent’s advisers, why aren’t the parents sacking their advisers now, especially if their children are prepared to do so?
Does it mean the children are making mistakes?
Perhaps it’s the parents who need to look at how they invest to understand why their children would sack their advisers?
It’s time for a conversation.