I'd like to terminate services with my financial advisor. My current accounts with them are through Charles Schwab. Can I just tell the advisor I want to stop paying him, but keep my accounts at Schwab in my name? How do I accomplish this?
Most of the online I advise I've found about firing a financial advisor recommends telling your NEW financial advisor to handle switching accounts. I don't want a new financial advisor, I want to stop having a financial advisor entirely. What do I have to do to accomplish this?
My current advisor is a monthly-fee service. My accounts are pretty straightforward and don't require a lot of service. I have a rolled over IRA and a Roth IRA, both through Schwab. The accounts list my financial advisor as "independent advising," so there's some interaction there. I'm fine with keeping the accounts in Schwab, I think. I'd be fine with switching them to Vanguard too probably. I can provide more info if needed.