Did You Know Your Financial Adviser Can ‘Fire’ You as a Client? Here Are 6 Times When They Should

Firing someone is never easy. Thankfully, I’ve never had to fire a client in my career as a CFP®, but colleagues of mine and firms where I’ve worked have had to make this difficult decision.

Our goal as financial advisers usually is to build our client base, not reduce it, so letting go of clients seems counterintuitive. But there are situations where it’s the right thing to do, and sometimes it’s what is best for both the adviser and the client.    

Below I address six scenarios and circumstances where I believe a financial adviser should fire a client.

1 of

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Barron’s 100 Most Influential Women in U.S. Finance: Ann Miura-Ko

Ann Miura-Ko

Mike Maples|, Jr.

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Ann Miura-Ko likes to build companies from the ground up. Since co-founding the seed-stage venture capital fund Floodgate in 2008, Miura-Ko has been investing in tiny but promising tech companies, many of which have blossomed into iconic businesses. She invested in


when there was serious discussion about leaving the “e” out of its name, in


when it was still called Zimride, and in Okta when it was dubbed Saasure.

More recent bets include companies such as Hadrian, which makes components for rockets, satellites, jets, and drones; the insurance-comparison site The Zebra;

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UW-Madison Vice Chancellor for Finance & Administration Laurent Heller leaving next month

MADISON, Wis. — University of Wisconsin-Madison Vice Chancellor for Finance and Administration Laurent Heller will leave the university later this summer to take a similar role at Johns Hopkins University.

According to a news release, Interim Associate Vice Chancellor for Facilities Planning & Management Rob Cramer has been named interim vice chancellor, effective May 21.

“We’re very happy that Laurent is taking a next step in his career, but deeply sorry to see him go,” said Chancellor Rebecca Blank in a statement. “His contributions over the past

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Singapore Names Wong Finance Minister in Cabinet Shake-Up

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Lawrence Wong was named Singapore’s next finance minister in a cabinet reshuffle Friday, boosting his prominence as the city-state reboots its leadership transition plan.

The appointment of Wong, 48, follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’s stepping aside as the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition,

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Biden Announces International Climate Finance Plan | National News

President Joe Biden on Thursday announced a new climate finance plan during his two-day summit that seeks to boost funding for developing countries.

“Today we are issuing America’s first ever international climate finance plan,” Biden said at his virtual climate change summit. “This plan represents our vision for financing the global climate response in a coordinated way. It lays out specific steps that federal agencies of the United States will take to increase both the quality and quantity of climate financing.”

Under the plan, the U.S. aims to double its climate financing to developing countries by 2024 relative to the

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Barron’s 100 Most Influential Women in U.S. Finance: Karin Risi

Karin Risi

Courtesy of Vanguard

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Karin Risi, who led a major transformation of the Vanguard Group’s U.S. individual investor business, has a new role overseeing the asset manager’s planning and development group.

In December, she was named managing director of Vanguard’s global investment-product development and oversight, enterprise strategy, marketing, communications, and community efforts. Her objective remains the same, she says: help clients meet their investment goals.

Risi, 48, joined Vanguard in 1997 as an investment analyst. As managing director of its retail investors group, she designed and launched Vanguard Personal Advisor Services, which helped make comprehensive investment advice

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We teach wrong math for financial success

Bad financial decisions, just like good financial decisions, can compound, making it harder to achieve financial success, yet many students across the U.S. receive too little financial education to understand core financial literacy concepts.

A Junior Achievement survey revealed that 46% of teens said a general lack of understanding of money, investing and the economy negatively impact their ability to be financially successful. And 51% said they don’t believe everyone is presented with equal opportunities to achieve financial success.

Students are worried.

For 16-year-old Jorge Sanchez from Riverview, Florida, lack of student financial literacy leads to worries about preparing for

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Climate change and green finance

This is why central banks and financial authorities worldwide are playing an active role in promoting the transition move towards a sustainable global economy.

The BIS supports these efforts through its own analytical work and banking services, the projects of the BIS Innovation Hub, and the activities of BIS committees and hosted associations. The BIS and its committees also participate in external forums, such as the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) and the Sustainable Insurance Forum (SIF).

These pages gather the various strands of work produced by the BIS, its committees and hosted

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