Looking to Change Wealth Manager?

Compare wealth managers and find a firm better suited to your investment goals, service expectations and needs.

Frequently Asked Questions

Speak to our team to discuss your circumstances and get help navigating your wealth.

How do I know if I should change my wealth manager?

It may be worth reviewing your wealth manager if you are unhappy with investment performance, communication, fees, the quality of financial planning or the level of service you receive. Your circumstances may also have changed since you originally appointed them. Comparing your current arrangement with other suitable firms can help you understand whether you are still receiving the right service and value.

Is it difficult to change wealth manager?

Changing wealth manager is often more straightforward than investors expect. Once you have chosen a new firm, they can usually help coordinate the transfer of your investments and explain what needs to happen. The exact process will depend on your existing investments and arrangements, so it is important to understand any transfer costs, tax implications or investments that may need to be sold before proceeding.

Can I get a second opinion on my current wealth manager?

Yes. You can review your existing wealth management arrangements without committing to changing firm. A second opinion can help you assess your portfolio, investment strategy, risk, fees and the wider service you receive before deciding whether staying with your current wealth manager or moving elsewhere is right for you.

What should I compare when choosing a new wealth manager?

Look beyond investment performance alone. Consider the firm’s investment approach, total fees, financial planning expertise, communication, service model and experience working with clients in circumstances similar to yours. The aim should be to find a wealth manager whose service, expertise and approach are a better fit for your needs.

It's easier to change wealth manager than you think...

Even if you don’t think you need to change your wealth manager, it’s important to regularly review your current relationship to make sure you are getting the level of service and investment performance you require – without paying excessive fees. It’s healthy to discover what a better partnership could do for you.

Since findaWEALTHMANAGER.com was established in 2012, the proportion of our users describing themselves as “unhappy clients” has risen year on year. Comments we receive from dissatisfied clients include a lack of innovation and ideas from their existing professional, an inability to diversify their wealth or the wealth manager’s offering remaining static whilst the investor’s needs have changed.

We understand inertia, fear of the unknown or the simple desire to avoid hassle. That’s why we are here to help – to simplify and smooth the process of finding a better solution.

Upgrading to a better wealth management relationship really can be fast and easy, and the benefits to your financial health very great indeed. You have very little to lose and a lot to gain by exploring how the leading wealth managers on our panel could help you achieve your goals faster.

Time for a change? Your essential guide to changing wealth manager

Investors often stay with a wealth manager they are not absolutely happy with because they fear making a change will spell hassle or additional expense.

We bust the biggest misconceptions about changing wealth manager and explain why finding a better fit is easier than you might think.

What to do now?

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