‘I’m worried about hurt feelings’: I regret hiring my brother-in-law as my financial adviser. How do I fire him?

Core Points - The individual is considering switching financial advisors from a family member to a new advisor due to personal discomfort with the current arrangement [1][2] - The new advisor is a friend's son, who is younger and at the beginning of his career, which adds a layer of complexity to the decision [2][3] - The individual is concerned about the emotional impact on the brother-in-law, who has provided services without charging fees [1][4] Summary by Sections - Decision to Switch Advisors - The individual has found a new advisor they feel more comfortable with and wishes to transfer their accounts [2] - The brother-in-law, despite being a financial planner, may not be the best fit for the individual's needs moving forward [1][5] - Emotional Considerations - There is apprehension about how to communicate the decision to the brother-in-law, with worries about hurt feelings [2][3] - The advice suggests that the brother-in-law will either accept the decision gracefully or make a final attempt to retain the individual as a client [5] - Communication Strategy - It is recommended to express gratitude to the brother-in-law for his past assistance while stating the desire to explore new advisory options [6] - The individual is encouraged to focus on their own needs rather than critiquing the brother-in-law's performance [7]