WSJ.com - How Advisers Help Clueless Clients - Andy Tate, June 16, 2015
Advisers will fire clients who don’t follow their recommendations
Some clients may not know what they own or how to pay their bills. Others may spend too much or ignore their adviser’s carefully crafted plan for them. Sometimes these clients may wise up after their advisers’ coaching. Others, however, may never become financially literate and advisers may need to let them go.
Below, a few advisers weigh in on some of the lost sheep they have worked with and how they tried to help: