When Is It Time to Fire a Client?

So much of our efforts as financial advisors are focused around getting new clients. From marketing to selling, you have to be able to attract clients to have a business so it is an integral part of what we do.

Sometimes, though, we make it so important that we're willing to put up with a difficult relationship just to maintain a client. At some point, we have to make some tough decisions like when is it no longer worth it? No one wants to lose money, but there comes a point where the revenue you're receiving pales in comparison to the grief you're having to put up with.

Today we'll explain the situations where we determine it's best to end a relationship with a client and why you should be considering doing the same.

Here's some of what you'll learn on this episode:

• The first reason we would fire a client is when they fail to follow the plan. (3:10)
• Why unrealistic expectations might lead to you being fired so is it best to take that action first? (7:07)
• Clients are occasionally just bad people and not worth the time. (8:48)
• How do make up for the lost business when you fire a client? (10:54)

Schedule a meeting with Dan: http://bookachatwithdan.com 

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