Financial Advisor Faux Pas: Inadvertent Mistakes and Their Impact on Advisor-Client Relations

How common mistakes financial advisors make can impact client relationships

The advisor-client relationship is critical to both parties’ financial success. Building these relationships is key, but understanding what breaks these relationships down is equally as important.

In this report, Morningstar’s researchers identify common advisor behaviors and actions, such as using financial jargon and inadequately explaining fees, that may unintentionally trouble clients and damage the advisor-client relationship. Through understanding these behaviors, advisors can both maintain positive relationships with their clients and effectively mitigate the impact of faux pas when they do occur.

Download the report now to gain valuable knowledge on how to avoid pitfalls, strengthen trust, and foster lasting financial advisor-client relationships.