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My financial advisor was to recharacterize my Roth IRA and, I assumed, do it prorata from my existing IRA. Instead, he sold off $100K at a loss of 5% and transferred cash. When I discvered it a few days later and brought it to his attention, he admitted the error and bought back the sold stocks for another loss of $5,000 the day after a large market gain. What would you do? Forgive the honest mistake knowing if the market had gone up I wouldn't be complaining, request reinbursement for 1 or both losses?

I'd appreciate any input!

Get rid of your financial advisor, unless you want to see just how big his next mistake is going to be. Either he doesn't know what he's doing, or his staff doesn't and he's not paying attention to what they are doing. Yes, I would demand that he make you full, then leave.
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