How to change financial adviser
Changing adviser is mainly a process problem: understand the existing arrangement, verify the replacement and avoid unnecessary disruption.
Why might someone change adviser?
Common reasons include service quality, communication, specialist needs, changing circumstances, fees or simply wanting a different relationship. The right reason is the one that matters to your plan, not whether changing is common.
Before appointing the replacement
Keep your records
Retain suitability reports, policy information, statements and other key documents from previous advice. A new adviser may need historical information to understand why the existing plan was set up.
Do not make unnecessary product changes just to change adviser
Changing the professional relationship and changing investments are different decisions. Ask whether a product or platform transfer is genuinely required and what costs or consequences it creates.