James Pollard’s Post

View profile for James Pollard, graphic

Host of "Financial Advisor Marketing" Podcast | Founder of TheAdvisorCoach.com

5 red flags that someone will be a terrible client... 🚩 1. Unrealistic expectations. This mindset leads to constant dissatisfaction, micromanagement, and frustration for everyone involved. 2. Constant second-guessing. Clients who frequently question your recommendations or compare them to advice from Google, friends, or online forums demonstrate a lack of trust in your expertise. They require excessive hand-holding, undermine your strategies, and ultimately fail to see the value of your advice. 3. Excessive focus on price/fees. While it’s reasonable to care about fees, people who are obsessed with every penny you charge often overlook the value you provide. They tend to nickel-and-dime you or demand discounts. 4. They don't respect your time. Clients who are consistently late for meetings, cancel last minute or expect immediate responses to emails and calls show a lack of respect for boundaries. They love to say things like, “I know it’s Saturday, but can you jump on a quick call right now?” 5. They complain about other people they've hired. This is a huge red flag for me. Clients who badmouth other service providers often have unrealistic expectations or are difficult to please, and you are probably next on their list. It turns out they are the common denominator in all of their bad experiences. 🤔 What else would you add?

Lawrence Sprung, CFP®

What did you do today that brought you joy?® ⭐ Denise’s husband, Zach and Jeremy’s Dad 🏆 Award Winning Advisor 📘 Financial Planning Made Personal 🎙️Mitlin Money Mindset 🪄 Bringing JOY to Your Money Journey 🏒 Fan

1mo

James Pollard … great list I think I would add someone who comes in hyper-focused on “performance” Jorrell Bland and I often talk about how it’s important for the families we serve at Mitlin Financial, Inc® to understand we are about so much more than investment management. If we can’t get them to feel and internalize that, they aren’t a good fit for us… the fee is only an investment in their family’s future IF they embrace the level of service we provide. Like Mando said about fee… I am not saying performance isn’t important, I am saying if it’s the primary focus the family might not be the best fit for Mitlin Financial, Inc®

Mando Sallavanti III, CFP®, CEPA

Build Passive Income, Retire Early, & Travel Guilt-Free — DM me 'PLAN' to Start Planning to Build Wealth

1mo

I’ve seen people who are more focused on how much they were paying than how much progress they were making and then wondered why they don’t get value out of the service 🤷 Don’t get me wrong. Pricing is important and it should be fair on both sides, but you get what I’m trying to say here.

Judson Meinhart, CFP®, BFA™, CTS™

I help you get more life out of your money ⛳💰 | Financial planner for high achievers who'd rather be golfing | Author: Golfer's Guide to Money

1mo

The sooner you can spot these, the better off everyone is.

Mitchell Underwood

Redefining Health Insurance for Entrepreneurs | Long Term Problem Solver | Decipherer of Boring Insurance jargon

1mo

Great list overall, James. I agree in particular with 1-3. I’m not sure I’ve ever had a good experience or ending for that matter with folks who fit that mold. Half the time you won’t even get the business and even if you do, they’re the type to cancel after a few months.

Dale Hershman "The Sick Economist" 🇺🇸🇮🇱

Financial Advice for Biotech and Dividend Investors

1mo

What questions do you like to ask that will identify unrealistic expectations early on in the relationship?

Andrew Rose, CFP® CLU®, RICP®

Outdoorsman | Conservationist | Financial Planner for outdoor enthusiasts | Build wealth - Leave a Legacy

1mo

Over 360 million people in the US and not everyone needs or deserves to be a client. It’s a goood reminder when we do have to excuse a client, not fun. But very necessary.

Frank Rekas, CPFA

The busy attorney's financial advisor | Putting your money where it matters most, so you can reduce your taxes today and tomorrow. Stop tipping Uncle Sam!

1mo

Respect of time is a big one. We’re all busy. But there’s a reason your finances are a mess. And they won’t get any better unless you make the time for them.

Donald Morgan, AIF®, CPFA®

What if your financial strategies, generosity, and family business could create a legacy? Partner with Independent Wealth Connections for insights to help build wealth, amplify impact, and ensure your vision thrives.

1mo

Great insights, James Pollard! I'd add: Do they value collaboration? Clients who see us as partners, not just service providers, often lead to more fulfilling relationships. Our 7-way fit test helps identify those who truly appreciate our expertise and are excited to work together. 😊

Justin Katt

Financial Planner Helping Nurses and Medical Professionals plan for retirement | JustinKattFinancial.com

1mo

Expectations is key, I try my best to address this at every meeting. Under promise and over deliver.

Amin Neeme

I help Tech Pros achieve Financial Peace of Mind ⛱️ & Clarity 💡with my Step by Step Guide/Regional Product Partnerships & BD Lead @Google

1mo

"5. They complain about other people they've hired." This is a red flag in general! Especially people who constantly complain about colleagues and friends.

See more comments

To view or add a comment, sign in

Explore topics