August 30, 2014.

How to Fire Your Financial Adviser

O’Brien picked up the cage, and, as he did so, pressed something in it. There was a sharp click. Winston made a frantic effort to tear himself loose from the chair. It was hopeless; every part of him, even his head, was held immovably. O’Brien moved the cage nearer. It was less than a metre from Winston’s face.

Investors discuss many tough issues with their financial advisers. How much risk should I take? When should I cut losses?

"I have pressed the first lever," said O’Brien. "You understand the construction of this cage. The mask will fit over your head, leaving no exit. When I press this other lever, the door of the cage will slide up. These starving brutes will shoot out of it like bullets. Have you ever seen a rat leap through the air? They will leap on to your face and bore straight into it. Sometimes they attack the eyes first. Sometimes they burrow through the cheeks and devour the tongue."

Sometimes the most important question is when to say "You're fired."

The cage was nearer; it was closing in. Winston heard a succession of shrill cries which appeared to be occurring in the air above his head. But he fought furiously against his panic. To think, to think, even with a split second left — to think was the only hope. Suddenly the foul musty odour of the brutes struck his nostrils. There was a violent convulsion of nausea inside him, and he almost lost consciousness. Everything had gone black. For an instant he was insane, a screaming animal. Yet he came out of the blackness clutching an idea. There was one and only one way to save himself. He must interpose another human being, the BODY of another human being, between himself and the rats.

Cutting ties with someone who knows intimate details about your life and money can be fraught with emotion and doubt.