Clients who have multiple advisors
Hi all,
I can’t seem to find the posts on this. What do you typically say to prospects who want to only give you some assets to “test run” you vs their other advisors? I have tried the discussion around fees usually being lower if consolidated, more review meetings for the client to deal with, too many cooks in the kitchen, and explaining issues with wash sales etc. nothing has worked yet and I feel like it comes off as I’m just trying to gather all their assets. I usually don’t waste my time if it isn’t a large prospect, but what about the ones who disperse a few million across multiple advisors?
Thanks!