Mon Nov 10 2025, by Tyler Gardner

Why 80% of People Plan to Fire Their Parents' Financial Advisors

Here's exactly why roughly 80% of people are planning on firing their parents' financial advisors when they inherit the money. It's not about rebellion; that was the piercings and the bad tattoos. The problem is far more simple: the old model is broken.

1. Communication Gap

They don't speak your language. Most advisors are stuck in retirement talk, operating from a 1980s playbook. You need a partner who understands your modern financial life and speaks to your goals.

2. Narrow Focus

The scope is too narrow. Old school advice often stops at investments, ignoring crucial parts of your life, like tax strategy, estate planning, and debt management.

3. Conflicts of Interest

Traditional fees represent a conflict of interest. When an advisor charges you a percentage of your assets, their fee gets bigger just because your money grows, not because they do more work. And even worse, commissions simply mean they're selling you a product so they can get paid.

4. The Facet Solution

That's why I like what Facet is doing, giving you access to a dedicated team of CFP professionals who will help you with everything from financial planning to estate planning, from investment management to tax strategy, all for one flat membership fee.

Conclusion

So go to facet.com/tyler and answer a few simple questions to see if a Facet membership makes sense for you. And know this: it's okay to break up with your parent's advisor. They'll get over it eventually.

Source