I have $600,000 invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?
Question: My financial advisor has made one trade this entire year and has left $7,500 in cash in my Roth IRA since January. Indeed, an adviser should make clear to you under what circumstances they’ll make changes to investment accounts and what their firm’s process is for making sure money isn’t sitting in cash and is getting invested, says certified financial planner Daniel Forbes of Forbes Financial Planning. “Ask the adviser to clarify these questions,” says Forbes.