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Best Financial Advisors in Chico

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Chico, CA
  • Estate Planning
  • Investment Management
  • Financial Planning
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
3.2 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Price: Free consultation

Altum Wealth Advisors logo
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Altum Wealth Advisors

1074 East Ave., Suite T-1, Chico, CA 95926
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  • Wealth Management

Business Description

Altum Wealth Advisors is an independent investment advisory firm that serves business owners, families, individuals, estates, trusts, and entrepreneurs in Chico and the surrounding areas. It comprises a team of financial advisors who have a combined experience of more than 25 years. They offer investment management, financial planning, and wealth management. They assist clients in reaching financial goals through risk management and insurance, tax planning and strategies, investment analysis, retirement planning, education funding, and charitable gifting during life and after death.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (6)
Yelp
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Asset Management Group logo
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Asset Management Group

2452 Lakewest Drive, Chico, CA 95928
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  • Certified Financial Planner (CFP)

Business Description

Founded in 1988, Asset Management Group serves clients in Chico. It helps families and professionals take charge of their finances by providing them with financial planning services during life events such as marriage, divorce, career change, and inheritance management. Its team of professionals works closely with clients by identifying their financial needs and objectives, analyzing their current financial situation, and monitoring their assets. Matt Donner, one of the financial advisors of the company, specializes in retirement planning and income generation.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
BBMP Wealth Management and Insurance Services logo
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BBMP Wealth Management and Insurance Services

1074 East Ave Suite K3, Chico, CA 95926
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  • Estate Planning
  • Tax Planning
  • Finance Planning
  • CFA Charterholder

Business Description

BBMP Wealth Management and Insurance Services is a member of the Northwestern Mutual Private Client Group. It serves clients in and around the Chico area, providing a comprehensive range of financial planning services, including budgeting and debt management, risk management, wealth management, asset allocation, and retirement income and distribution. It also assists clients in creating tailored estate, multigenerational, charitable, and business plans. Chris Bodney, one of the firm's partners and private wealth advisors, holds CLU®, ChFC®, and CFP® designations.

Braziel & Associates, LLC logo
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Braziel & Associates, LLC

1074 East Avenue, Suite L, Chico, CA 95926
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  • Certified Financial Planner (CFP)

Business Description

Braziel & Associates LLC is a financial advisory firm serving residential and commercial clientele in Chico. It helps individuals and families develop financial plans for various phases of life, from college education for children to personal retirement and estate plans. It also assists business owners in planning for business succession. James A. Braziel, one of the firm's financial advisors, is a member of the Financial Planning Association of Northern California. The association awarded him with the Financial Planner of the Year Award in 2000.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Clario Financial logo
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Clario Financial

2111 Forest Avenue, Chico, CA 95928
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  • Finance Planning

Business Description

Clario Financial provides financial advisory and planning services to Chico residents. These services include income planning utilizing tax-reduction strategies for working individuals, asset allocation based on the client's financial circumstances, and retirement readiness assessments coupled with cash flow projections. It provides clients with monthly statements and annual reports detailing the status of their accounts managed by the company. Company president Mark Barrett has been working in the financial services industry since 1982. He has been a Certified Financial Planner for over three decades.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Ely Prudent Portfolios logo
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Ely Prudent Portfolios

40 Philadelphia Dr # 101, Chico, CA 95973
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management
  • Financial Planning
  • Chartered Financial Analyst (CFA)

Business Description

Ely Prudent Portfolios is an independent advisory firm that serves Chico. It offers a range of services, including charitable giving solutions, estate and retirement planning, and investment management. It assists its clients in creating plans that help them prepare for retirement and preserve their wealth. It works on strategies related to 401(k) plans, employer benefits, investment options, savings, Social Security options, and taxes. Its founder, Guerdon T. Ely, has an MBA degree and has contributed articles for Newsweek and Forbes Magazine.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Embrace Wealth Management logo
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Embrace Wealth Management

418 Broadway Street, Chico, CA 95928
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Embrace Wealth Management provides investment advisory services for clients in Chico and the surrounding communities. This independent firm offers financial guidance, wealth management, and second opinion services. It assists clients in retirement, tax, and estate planning, risk management, and cash flow and budgeting. Its team of financial advisors creates financial plans that are tailored to each client's goals and financial situations, including their business assets and real estate holdings. Kim N. Huber, founder and family wealth advisor, has been serving clients for over 25 years.

Focalpoint Wealth Management logo
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Focalpoint Wealth Management

2619 Forest Avenue Suite 120, Chico, CA 95928
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  • Financial Planning

Business Description

FocalPoint Wealth Management provides financial planning services to Chico clients. It assists in creating tax planning strategies, paying off debts, investing, college planning, and charitable giving. This independent fiduciary serves a diverse client base, from young adults to those in their golden years and nearing retirement. It uses the Wealthvision™ data aggregation system in helping clients streamline their finances. Chris Urness, founder and CEO, holds CFP®, ChFC®, and AAMS® designations. He is also licensed to work in multiple states, including Alabama, Arizona, and New York.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Liberty Bell Financial Group logo
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Liberty Bell Financial Group

434 Broadway Street #100, Chico, CA 95928
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Liberty Bell Financial Group is a company that serves clients in the Chico metro. It delivers specialized services such as market-linked CDs, tax-efficient disposition of assets (CRT and CLT), cash and banking solutions, fixed income/rate investments, variable annuities, and hourly consulting programs. Certified Financial Planner Peter W. Bell has been in the finance industry since 1993. He has assisted individuals, professionals, and businesses with their investment and financial needs without incurring fines, penalties, or a single lawsuit.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Presidio Group Wealth Management logo
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Presidio Group Wealth Management

1074 East Ave B, Chico, CA 95926
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  • Wealth Management

Business Description

Presidio Group Wealth Management provides financial guidance to individuals, families, and business owners in the Chico area. Its services include retirement planning, estate planning, and investment management. The company bases its services on the client's life milestones, helping them implement investment strategies tailored to their current status and assisting them in updating these strategies as their circumstances change. One of the firm's managing directors, Ernest Holguin, holds the Certified Financial Planner and the Certified Investment Management Analyst designations.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Retirement Security Centers logo
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Retirement Security Centers

30 Landing Circle Suite 300, Chico, CA 95973
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  • Financial Planning

Business Description

Retirement Security Centers accommodates the needs of clients in Chico. The firm specifically uses The EASE Process and The Retirement Discovery Program to develop customized wealth management plans. Its advisors guide clients in making decisions on investing their money to accumulate retirement funds or to earn retirement income. In addition, they advise about dealing with risks through protection plans like long-term care and health insurance. Co-founder Jeff R. Maas has certifications as CFP, ChFC, and CRPC.

Sweeney & Michel LLC logo
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Sweeney & Michel LLC

196 Cohasset Road, Suite 100, Chico, CA 95926
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Business Description

Serving the community of Chico, Sweeney & Michel, LLC, offers a wide range of services to help clients manage their finances. It offers wealth planning strategies, such as educational, insurance, and retirement plans. It can also assist in drafting powers of attorney and medical directives, asset titling, beneficiary review, and Medicare premium management. It also specializes in asset and risk management. Founding partner of Sweeney & Michel, LLC, Renée Michel, has been with the company for almost two decades.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
5.0 / 5 (3)
Yelp
4.5 / 5 (3)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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