Is Your Financial Advisor Ghosting You or Have They Disappeared?

In the world of finance, a reliable advisor is crucial for managing and growing your wealth. However, discovering that your financial advisor is ghosting you or has disappeared can be a stressful and unsettling experience. This situation demands swift and proactive action to protect your assets, seek justice, and find a more reliable advisor.

Signs Your Financial Advisor Might Be Ghosting You

1. Unreturned Calls and Emails: Consistently failing to return your calls or emails within a reasonable time frame is a significant red flag.
2. Missed Meetings: Frequent cancellations or no-shows for scheduled meetings can indicate a lack of commitment or reliability.
3. Lack of Communication: A competent advisor should proactively keep you informed about your investments and any changes in strategy. A sudden drop in communication is cause for concern.
4. Unexplained Transactions: Unauthorized or unexplained transactions in your accounts can be a sign that your advisor is not acting in your best interests.
5. Office Closure: Discovering that their office is closed or their website is down without prior notice can be a major warning sign.

Steps to Take If Your Financial Advisor Has Disappeared

1.???? Stay Calm and Assess the Situation: Before panicking, try to assess the situation. Ensure your advisor is genuinely unreachable by attempting to contact them through multiple channels (phone, email, office visits).

2.???? Check for Professional Affiliation: Many advisors are part of professional organizations or regulatory bodies. Check these associations to see if there have been any disciplinary actions or if your advisor is still in good standing.

3.???? Contact the Firm: If your advisor works for a larger firm, contact the firm directly to report the issue and seek assistance. They may be able to provide information or reassign you to another advisor.

4.???? Find a New Advisor: Start searching for a new, reputable financial advisor. Look for someone with strong credentials, positive client reviews, and a solid track record.

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A good financial advisor should always be transparent, communicative, and dedicated to your financial well-being. Whether you are in the UAE, Malaysia, or Singapore, Farringdon Asset Management is well-equipped and fully licensed with highly qualified financial advisors who will be more than happy to assist you. Not only will we help you take control of your investments, but we also strive to optimize your portfolios and reduce your overall costs. This is made possible by our EAM license in addition to the standard licenses most advisors hold, which makes us unique.

Please get in touch at wh@fam-asset.com or call our main office to schedule a consultation.