Common Mistakes Advisors Make and How They Damage Client Relationships

What can be done to avoid these mistakes?

The longevity of advisor-client relationships depends on emotional and financial support. But certain unintentional advisor behaviors, like using financial jargon and inadequately explaining fees, can irreparably damage those relationships and send clients walking out the door.

As you read Morningstar’s report, you can also examine an exclusive Morningstar checklist that helps guide client meetings toward successful outcomes. On top of that, you’ll also get access to a client survey to accumulate personalized client feedback to ensure you continue developing positive relationships with your clients.