Odd Lots · Sunday, July 26, 2026
A key reason for clients not retaining their parents' financial advisors is a feeling of being unheard or unseen, particularly by younger generations who may view traditional advisors as out of touch. Financial planners emphasize that advisors need to be more relatable and understand the unique goals and lifestyles of millennials and younger clients.
“Well, I think for so long they feel unheard or unseen by the financial advisor, Especially in this scenario where it's the next generation, they probably are looking at that advisor as like no offense, but old dinosaur Like they're not talking to me in a way that makes sense.”
“So I worked with a family who was going through the similar situation, and as they were planning for their wealth transfer to their children, the children met that advisor and when they walked out of that meeting, they're like, this is not our guy, this is not our person.”