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Best Financial Advisors in Milpitas

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Milpitas, 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
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Price: Free consultation

Abundance Wealth Planning LLC logo
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Abundance Wealth Planning LLC

39899 Balentine Dr. Suite 200, Newark, CA 94560
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Abundance Wealth Planning LLC serves clients in Milpitas. It helps clients achieve their financial goals through financial planning. The firm creates personalized programs based on the financial situations, challenges, opportunities, beliefs, values, and objectives of clients. It also reviews clients' goals, incorporates new life experiences, and monitors their progress. The owner, Joseph Kuo, is a Certified Financial Planner and a board member of the San Francisco chapter of the Financial Planning Association.

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 (3)

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
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Detail
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Flournoy Wealth Management logo
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Flournoy Wealth Management

1165 Lincoln Avenue #330, San Jose, CA 95125
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  • Financial Planning

Business Description

Flournoy Wealth Management provides women clients in Milpitas with independent and objective advice on how to handle their financial affairs. Its financial planning process involves checking the individual's current finances and cash flow. The firm's advisors offer guidance in making retirement, tax, and education planning. They deliver divorce financial planning investment management assistance. Pam Flournoy has CFP and CDFA designations. She participates in charitable giving to the 100 Women Charitable Foundation and Second Harvest Food Bank.

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)
Gateway Financial Advisors logo
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Gateway Financial Advisors

2570 North First Street, Suite 200, San Jose, CA 95131
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  • Business Formation

Business Description

Gateway Financial Advisors customizes strategies to help achieve individuals' financial goals in Milpitas. It supports clients who need guidance in retirement, education, business, estate, and legacy planning, offering details on charitable strategies and multi-scenario analysis. Its advisors handle investment management for customers, informing them about risk tolerance and tax-efficient strategies. In addition, the advisors offer life, health, and property insurance services. Brian Lombardo is a CPA in Tennessee and California. He obtained his CFP certification in 2011.

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
Global Wealth Partners Inc logo
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Global Wealth Partners Inc

1764 The Alameda, San Jose, CA 95126
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  • Financial Planning

Business Description

Global Wealth Partners Inc. is a wealth planning firm that serves clients in the Milpitas metro. Its group of financial planners has more than 100 years of combined industry experience. Its wealth management programs include financial, retirement, and estate planning, and asset and risk management. The company also assists in business development involving real estate investment trusts and private real estate funds. It also conducts background checks on brokers via FINRA. Its founder, Lou Naser, has over 30 years of experience in the financial services industry.

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 (3)
Google
5.0 / 5 (1)
Heckman Financial & Insurance Services, Inc. logo
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Heckman Financial & Insurance Services, Inc.

333 W. Santa Clara St. Suite 604, San Jose, CA 95113
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  • Retirement Planning
  • Wealth Management

Business Description

Heckman Financial & Insurance Services, Inc., offers financial advice to help Milpitas residents achieve their retirement goals. Its advisors address clients’ specific needs through a broad range of investment and insurance products. Looking at the financial situations of clients, the advisors develop strategies for boosting retirement income, preserving assets, and planning their legacies. They also help individuals with the implementation of plans, updating them when necessary. Company president Eric Heckman founded the non-profit Financial Knowledge Institute. He is the author of “Worry Less Wealth.”

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 (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
J.R. Financial & Insurance Services logo
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J.R. Financial & Insurance Services

2005 De La Cruz Blvd. #120, Santa Clara, CA 95050
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  • Tax Planning
  • Retirement Planning

Business Description

J.R. Financial & Insurance Services has been serving residents in Milpitas and the surrounding areas since 2008. It creates financial plans by reviewing the clients' current position, determining the status of their assets, and identifying issues that need to be addressed. The firm provides financial advice in areas such as retirement planning, long-term care, tax planning, and charitable work. Its president, James Rukstalis, is a Certified Financial Planner who has also worked with federal employees and football workers.

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 (20)
Google
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
Leal Financial Planning logo
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Leal Financial Planning

900 E Hamilton Ave. Suite 100, Campbell, CA 95008
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  • Estate Planning

Business Description

Leal Financial Planning is a company that helps Milpitas clients with their financial planning and management needs. The firm offers services like cash flow analysis and budgeting, debt management, investment and savings assessment, and employee benefits maximization. It also helps plan financially for a clients' education, retirement, and insurances. Karl Leal, the owner of this firm, is a member of the Garrett Planning Network, which is an international group of financial advisors. He also teaches saving strategies to foster youth.

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
NRI Wealth Management logo
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NRI Wealth Management

5201 Great America Pkwy #350, Santa Clara, CA 95054
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)

Business Description

NRI Wealth Management is a firm established in 2003. It offers estate planning, portfolio management, life insurance, tax filing, retirement planning, and investment supervision services to clients in Milpitas. The company also provides services to non-resident Indians. It handles their personal and corporate accounts involving trusts, estates, retirement plans, and charitable foundations. Laddi Jhuty, the company's principal advisory, is a Certified Financial Planner in California. His experience includes working for MetLife, Securities America, MassMutual, and Woodbury Financial.

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
4.0 / 5 (8)

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
SJ Accounting Consulting, Inc. CPA CFP logo
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SJ Accounting Consulting, Inc. CPA CFP

1525 Mccarthy Blvd., Suite 1000, Milpitas, CA 95035
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  • Finance Planning

Business Description

SJ Accounting Consulting, Inc. CPA CFP offers a variety of services to support clients in Milpitas in achieving their financial objectives. Sung (Sean) Lee assists individuals in developing and continuing to follow strategies that preserve and enhance assets and wealth. His firm provides advice and recommendations to families and individuals with substantial wealth and profit-generating assets on dealing with accounting and tax matters. Lee has over 20 years of experience in the financial, accounting, and tax industry.

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 (36)
Google
5.0 / 5 (5)
Wade Financial Advisory logo
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Wade Financial Advisory

2105 South Bascom Avenue Suite 110, Campbell, CA 95008
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  • Tax Planning
  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning
  • Investment Management
  • Financial Planning
  • Wealth Management

Business Description

Wade Financial Advisory is a Campbell-based company that serves clients in Milpitas. It offers a broad range of solutions, including retirement planning, risk management, tax planning, and investment management. The company helps corporate clients through the process of designing executive benefits packages. It also collaborates with attorneys to provide estate planning documents, like powers of attorney, trusts, and wills. The company's founder, Rodney Wade, has been featured in multiple media outlets, including the Investment Advisor Magazine and Financial Services Weekly.

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 (2)
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.
4.0
Responsiveness
Friendliness
Helpfulness
––
Detail
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Wealth Architects logo
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Wealth Architects

800 West El Camino Real Suite 201, Mountain View, CA 94040
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  • Certified Financial Planner (CFP)

Business Description

Wealth Architects is an independent Registered Investment Advisor that serves clients in Milpitas. It provides investment management and financial-life planning services to families, individuals, and professionals, including corporate executives, doctors, engineers, tech entrepreneurs, and professors. Its process involves checking the clients' background, creating a blueprint of their finances, and building a detailed plan for managing their investment portfolio. The firm's CEO and founder, Mark Johnsen, has over 24 years of experience in the wealth management industry.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Wellspring Consulting logo
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Wellspring Consulting

2635 North 1st Street Suite 201, San Jose, CA 95134
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  • Estate Planning
  • Tax Planning
  • Retirement Planning

Business Description

Founded in 2001, Wellspring Consulting is an independent wealth management company that serves clients in and around Milpitas. It offers financial services, including investment management, retirement planning, college funding, income tax planning, and trusts services and estate planning. It also handles business-related matters, such as philanthropic decision-making, advisory services, and business succession and continuity planning. One of its financial advisors, Howard Cheng, is multilingual who speaks fluent Cantonese, Shanghainese, and Mandarin. He has more than two decades of experience in the financial field.

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 (3)
Yelp
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

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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