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Best Financial Advisors in Hemet

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Hemet, CA
  • Estate Planning
  • Financial Planning
  • Investment Management
  • 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
Yelp
4.0 / 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.
4.0
Responsiveness
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––

Price: Free consultation

AJT Wealth Consultants logo
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AJT Wealth Consultants

27710 Jefferson Avenue, Temecula, CA 92590
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  • Certified Financial Planner (CFP)

Business Description

AJT Wealth Consultants provides financial planning to Hemet. The firm assists business owners, executives, and professionals, who are within 10 years of retiring, develop and implement a retirement income strategy. Other services it offers are investments, IRA and 401(k) plans, and money management. The company's disciplined approach is as follows: discovery, comprehensive planning, implementation, and ongoing monitoring of life and financial issues. One of its financial advisors, Allyson J. Trantum, is a Certified Financial Planner. She has been in the industry for over 20 years.

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
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Helpfulness
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Alpha Wealth Management logo
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Alpha Wealth Management

220 N. San Jacinto Ave, Hemet, CA 92543
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  • Certified Financial Planner (CFP)

Business Description

Alpha Wealth Management caters to Hemet clients. It collaborates with recordkeepers and custodians to have an industry-standard platform that facilitates financial management. It offers personal wealth management, business consulting, and institutional asset management. It helps customers create a financial plan, maximize tax efficiency, and make flexible distribution strategies. It assists businesses in administrative and fiduciary issues, develops investment policies, and manages risk. The company is a Registered Investment Adviser and was established in 2011. Its principal and CEO, Andrew Kotyuk, holds a CIMA certification.

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
Davies Financial Advisors logo
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Davies Financial Advisors

41391 Kalmia Street Suite 330, Murrieta, CA 92562
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  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Based in Murrieta, Davies Financial Advisors serves clients in Hemet. It drafts and reviews a comprehensive financial plan for individuals and educates them on areas like taxation. The company also guides clients through its Creative Financial Stewardship process and provides ideas on issues involving wealth distribution and preservation. It has experience assisting business owners through the exit planning process. The company's president, Andy Davies, has over 20 years of experience in finance. He is accredited by the CFP Board as a Certified Financial Planner.

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)

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
GC Asset Management logo
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GC Asset Management

41601 Laurel Valley Cir, Temecula, CA 92591
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  • Certified Financial Planner (CFP)

Business Description

GC Asset Management serves residents and businesses in Hemet and the surrounding communities by addressing their financial planning needs. Its team caters to high-income earners, business owners, and real estate investors by providing solutions such as reducing taxes, maximizing business profits, and managing wealth. In addition, it assists its clientele in optimizing their cash flow and managing their net worth. The firm was established in 2012 by Glenn Cunningham, a Certified Financial Planner with years of trading and advisory experience.

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 (7)

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
MD Brown Financial logo
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MD Brown Financial

41856 Ivy St., Suite 113, Murrieta, CA 92562
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  • Certified Financial Planner (CFP)

Business Description

MD Brown Financial is a financial advisory firm that serves the Hemet metro. It assists clients with asset allocation and designs financial planning services tailored to their desired lifestyles and goals. It also monitors investments on an ongoing basis and makes adjustments as necessary. The firm also helps clients transition to retirement and understands all aspects of each unique retirement plan. The managing partner, Mike Brown, is a certified financial planner and has over 30 years of experience.

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
MPK Advisors & CPAs logo
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MPK Advisors & CPAs

41197 Golden Gate Circle #101, Murrieta, CA 92562
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  • Financial Planning

Business Description

MPK Advisors & CPAs offers financial insight to clients in Hemet and its neighboring metros. Its founder, Michael Klein, has been in the industry for over 12 years, serving as a financial consultant and tax advisor. His financial management solutions include customizing a plan to suit the client's situation and objectives. Klein also serves churches and non-profit organizations, specializing in tax reporting, basic accounting, and CFO-level outsourced services. His former clients include Design Savvy Inc. and the Boys and Girls Clubs.

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
Facebook
5.0 / 5 (2)
Providence Wealth Planning logo
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Providence Wealth Planning

1295 Corona Pointe Court Suite 101, Corona, CA 92879
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  • Finance Planning
  • Wealth Management

Business Description

Providence Wealth Planning helps clients in Hemet handle various financial issues. It guides clients in managing their money by helping them create a budget, decide where their money goes, and plan what to do with excess cash. The company's advisors counsel individuals about investing, putting together a portfolio that reflects their goals, timetable, and risk tolerance. In addition, they assist in determining retirement funds and potential income sources. CEO Mark Massey is a Certified Life Underwriter and a Chartered Financial Consultant.

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
RMH Advisors LLC logo
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RMH Advisors LLC

29970 Technology Drive, Suite 111, Murrieta, CA 92563
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  • Certified Financial Planner (CFP)

Business Description

RMH Advisors LLC serves clients looking for financial guidance in the metro of Hemet. The firm crafts financial plans for its clients, including retirement funds and college education plans. It also assists clients with their personal finances, guiding them on how to manage their lifestyle, money, and taxes. Its agents aid clients on how to invest properly and identify the insurance and coverage that they need. The firm's managing partner, Ross Hunt, is a Certified Financial Planner with over three decades of experience.

Robert D Erling logo
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Robert D Erling

27250 Via Industria, Temecula, CA 92590
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  • Certified Financial Planner (CFP)

Business Description

Robert D. Erling is a financial advisor who assists individuals in Hemet. He helps clients make smart investments and helps with college or retirement plans. Erling creates plans that align clients' risk tolerance with their most important financial goals. Assets are allocated to support these goals and the client's progress is tracked online. The comprehensive financial advice can include cash flow and budgets, major purchase goals, and education and retirement savings. Erling is a Certified Financial Planner practitioner with the Majestic Oak Advisory Group.

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
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
Trusted Financial Advisors logo
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Trusted Financial Advisors

30101 Town Center Dr, Laguna Niguel, CA 92677
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Trusted Financial Advisors is a firm that serves clients in Hemet. For over 30 years, founder Gary Miller has been assisting individuals, families, and businesses through the rigorous process of planning and implementing strategies designed to elevate their assets and finances. Miller helps with retirement, investment, estate, and business planning matters. He also performs insurance needs, income tax, and annuity reviews. Miller serves on the advisory board for the University of California Irvine Extension.

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
Yelp
5.0 / 5 (3)
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Frequently Asked Questions

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.

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.

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 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.

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.

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.

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 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.

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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