I referred a client to a third-party administrator (TPA) that would be the best fit for fixing a defined benefit plan that was a hot mess. The fees are a little higher, but the client would make that up with a quality TPA. The client\u2019s advisor was making things difficult, but I nipped it in the bid as it pertained to haggling over fees. That TPA didn\u2019t allow haggling and I wanted what was best for my client, instead of having to find another TPA if this one would bolt over haggling. A concern is whether I was wasting the TPA\u2019s time. If they would end up doing that, I\u2019d apologize on my client\u2019s behalf.<\/p>\n
There are times when a referral you make to a client isn\u2019t filled. That is OK. Wasting the time of people you respect, who don\u2019t get hired, should require a simple apology, regardless of whether it\u2019s your fault.<\/p>\n
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