So, I get this letter from the investment firm holding my shrunken retirement funds. The letter informs that my advisor has left the firm and joined another. The letter goes on to relate how the urge to flee the firm to follow a preferred advisor is understandable, but may not be the best course of action.
Stop. Think. They warn.
I did, for all of 30 maybe 45 seconds. I am cuttin’ and runnin’ but not after my advisor (especially since there was no head’s up re: the departure) I’m cuttin’ and runnin’ primarily because the letter announcing my advisor’s departure and re-up with another firm identified her as a him.
My confidence in the firm shot to hell in a hand-basket with that gaffe. Two days later I received another letter announcing the assignment of the new advisor. His introduction did little to change my mind.
It’s actually decent timing as I’ve been re-evaluating much these past few weeks, so thanks.