Expertise.com

Best Financial Advisors in Sacramento

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Financial Advisors FAQs

Learn more
SmartAdvisor by SmartAsset logo
FEATURED
Free consultation

SmartAdvisor by SmartAsset

Sacramento, 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
Friendliness
Helpfulness
Detail
––

Price: Free consultation

Archer Pointe logo
Visit WebsiteWebsite

Archer Pointe

333 University Avenue, Sacramento, CA 95825
Visit WebsiteWebsite
  • Estate Planning
  • Retirement Planning

Business Description

Archer Pointe provides solutions for the financial concerns of clients in Sacramento and the surrounding locations. The financial advisors at Archer Pointe use a team-based approach to achieve financial freedom in the future. They help clients create a structured financial plan through investment review, lifestyle and asset protection, and cash flow and estate planning. Additionally, they offer wealth management services, such as financial plan implementation assistance, investment management, and quarterly investment performance reporting. Its principal, Eugene K. Hsu, has been helping clients develop financial plans for over 22 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
Friendliness
Helpfulness
Detail
Atherton Wealth Advisors logo
Visit WebsiteWebsite

License Verified:

License: 4442556

Investment Adviser Public Disclosure Database, SEC

Atherton Wealth Advisors

5854 Lonetree Boulevard, Rocklin, CA 95765
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Atherton Wealth Advisors delivers financial solutions to individuals and families in Sacramento and the surrounding communities. The company proffers financial, investment, insurance, retirement, tax, and business planning services. Its financial planning programs include budgeting, cash flow analysis, risk management, and estate planning. It handles requests for rental property analysis and debt and mortgage management. Its financial advisors assist clients in managing wealth from fortune and income. Atherton Wealth Advisors operates with over 35 years of collective experience.

License Verified:

License: 4442556

Investment Adviser Public Disclosure Database, SEC

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
Bradford Investment Services logo
Visit WebsiteWebsite

License Verified:

License: 4572707

Investment Adviser Public Disclosure Database, SEC

Bradford Investment Services

1450 Harbor Blvd., Ste. E, West Sacramento, CA 95691
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Bradford Investment Services helps clients in Sacramento deal with their retirement and estate planning goals. The financial firm specializes in individual equities, in addition to exchange-traded and mutual funds. It assists clients in opening trust, retirement, and brokerage and investment accounts. It guides retirees with IRAs and 401 (k) plans. It helps clients save up for their children's college and educational funds and achieve a tax-free income. The owner, Chris Bradford, is a Certified Financial Planner.

License Verified:

License: 4572707

Investment Adviser Public Disclosure Database, SEC

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
Capital Planning Advisors logo
Visit WebsiteWebsite

Capital Planning Advisors

1420 Rocky Ridge Drive, Roseville, CA 95661
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Capital Planning Advisors is a wealth advisory firm assisting clients in Sacramento. It offers an array of services, including wealth management and strategic insurance solutions. Additionally, the firm provides financial planning services and design, implementation, and management of retirement plans. Its partner and CEO, Jim Wilson, has been in the financial services industry for more than 27 years. He previously provided business management for high-net-worth individuals and professional athletes through his own business, Wilson Management.

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.
4.3
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
Delyon Wealth Management logo
Visit WebsiteWebsite

License Verified:

License: 5581557

Investment Adviser Public Disclosure Database, SEC

Delyon Wealth Management

6801 Five Star Boulevard Suite A, Rocklin, CA 95677
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Delyon Wealth Management is a financial planning company that caters to clients in Sacramento. It examines the annual income and tax of its clients to determine possible returns and reduced expenses. It also checks on existing policies to find potential investment risks or problems. Current owner Nicolas Delyon is a second-generation CFP who offers direct financial consultation through e-mails and phone calls. His office's clientele includes incoming retirees, new parents, and testators of estate plans.

License Verified:

License: 5581557

Investment Adviser Public Disclosure Database, SEC

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
Empyrion logo
Visit WebsiteWebsite

Empyrion

3741 Douglas Boulevard, Roseville, CA 95661
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Empyrion is a wealth management firm serving a small group of ultra high-net-worth individuals and families in Sacramento and the surrounding areas. It helps customers obtain financial security by providing a wide range of services, including financial planning and investment advice, collaborative estate and tax planning, education expense planning, and retirement income planning. Empyrion president and founder Kimberly Foss is a Certified Financial Planner and regularly shares her financial knowledge in various media outlets such as Fox News, Good Morning America, and CNBC.

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
Financial Network Wealth Advisors logo
Visit WebsiteWebsite

License Verified:

License: 2550457

Investment Adviser Public Disclosure Database, SEC

Financial Network Wealth Advisors

1300 Ethan Way Suite 150, Sacramento, CA 95825
Visit WebsiteWebsite
  • CDFA
  • CFS
  • Accredited Investment Fiduciaries

Business Description

Financial Network Wealth Advisors (FNWA) serves business owners in Sacramento and its surrounding areas. It offers securities and advisory services through Cetera Advisor Networks LLC. Its investment products include individual and group retirement, savings, and qualified tuition plans. The company also offers customized life, long-term care, and variable universal life insurance plans. From mortgage payments to tax savings, FNWA also provides money management strategies, such as saving, planning to pay lower taxes, and training employees for succession.

License Verified:

License: 2550457

Investment Adviser Public Disclosure Database, SEC

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

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
Fulfilled Finances logo
Visit WebsiteWebsite

Fulfilled Finances

3626 Fair Oaks Boulevard, Sacramento, CA 95864
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Fulfilled Finances is a financial planning firm that serves clients in Sacramento. The firm helps clients in managing their cash flows, including income and debts. It also assists in designing and modifying investment portfolios that involve retirement and Social Security planning. In addition, it covers family-related matters that include estates, insurance, and future education services. The firm has been featured in CNBC and Fox News. Pamela Rodriguez has worked with numerous firms such as Wells Fargo Bank and Principal Financial Group before founding Fulfilled Finances.

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 (12)
Yelp
5.0 / 5 (10)

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
Gasber Financial Advisor, Inc. logo
Visit WebsiteWebsite

Gasber Financial Advisor, Inc.

81 Blue Ravine Road, Folsom, CA 95630
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Gasber Financial Advisor, Inc. is one of the most trusted and respected financial advisor firms in Sacramento, Folsom, and the rest of the state. Established in 1995, the firm offers a variety of services including financial planning, investment management, and 401(k) services. With over five decades of combined experience, the team of financial advisors caters to a diverse group of clients in the three phases of the lifecycle which are the growth phase, the transition phase, and the maturity phase.

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)

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
Josh S Albert logo
Visit WebsiteWebsite

Josh S Albert

1425 River Park Drive, Sacramento, CA 95815
Visit WebsiteWebsite
  • Estate Planning
  • Retirement Planning
  • Insurance Products

Business Description

Josh S. Albert is a financial advisor that serves the Sacramento area. He is a Certified Financial Planner, helping clients create a budget, build wealth, purchase homes, or fund children's education. Albert also guides clients in planning for their estate, businesses, retirement, and education funding. He also offers risk management services, which include life and disability insurance and long-term care. The financial advisor assists his clients throughout the planning process, equipping them with knowledge and insight to make informed decisions.

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
North Star Financial Partners logo
Visit WebsiteWebsite

North Star Financial Partners

2180 Harvard Street, Sacramento, CA 95815
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

North Star Financial Partners is a consulting and advisory firm that offers its services to Sacramento and other nearby locations. The independent company provides financial plans tailored to its clients' current situation and long-term personal goals. After the plans' implementation, its team monitors and makes necessary adjustments for its customers. The firm also offers benefits consulting, estate planning, retirement planning, risk management, and investment management services. North Star Financial Partners has been in business for over a decade.

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)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Rossi Financial Group logo
Visit WebsiteWebsite

Rossi Financial Group

1212 Suncast Lane, El Dorado Hills, CA 95762
Visit WebsiteWebsite
  • Retirement Planning

Business Description

Rossi Financial Group assists Sacramento clients in making intelligent choices for their financial goals. The firm strives to understand its clients' goals in crafting an evidence-based framework for their financial plan. Its comprehensive planning includes tax strategy, investment management, and planning for college and retirement. The firm, moreover, assists in financially planning for life-changing events like marriage, divorce, and birth. Services for business succession are also available. The owner, Paul R. Rossi, is a Chartered Financial Analyst.

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
Strategic Wealth Legal Advisors P.C. logo
Visit WebsiteWebsite

License Verified:

License: 2163092

Investment Adviser Public Disclosure Database, SEC

Strategic Wealth Legal Advisors P.C.

3001 Douglas Blvd #142, Roseville, CA 95661
Visit WebsiteWebsite
  • Private Wealth Advisor

Business Description

Strategic Wealth Legal Advisors P.C. provides financial solutions to clients in Sacramento and the surrounding areas. The company counsels clients on wealth management through estate, tax, and income tax planning services. It guides individuals and families in accomplishing real estate and retirement plans. It accepts requests for business planning, asset protection, and trust administration. Terry D. Wheeler heads the company through his expertise and experience in estate planning. He has been a part of the industry since 1987.

License Verified:

License: 2163092

Investment Adviser Public Disclosure Database, SEC

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Tate logo
Visit WebsiteWebsite

License Verified:

License: 120938

Investment Adviser Public Disclosure Database, SEC

Tate

1545 River Park Drive, Suite 375, Sacramento, CA 95815
Visit WebsiteWebsite
  • Retirement Planning

Business Description

Tate has been serving clients in Sacramento and nearby areas since 1971. The company offers a variety of services, such as wealth management and personal financial planning. The firm handles investments policy reviews, performance evaluations, portfolio rebalancing analyses, and cash flow projections. Tate also provides tax consulting and compliance services, which include tax structuring and optimizing clients' retirement plans. The company serves family offices, corporate executives, and clients who are building their wealth portfolios.

License Verified:

License: 120938

Investment Adviser Public Disclosure Database, SEC

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
The Salvetti Group logo
Visit WebsiteWebsite

License Verified:

License: 3041176

Investment Adviser Public Disclosure Database, SEC

The Salvetti Group

3455 American River Dr., Suite A, Sacramento, CA 95864
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

The Salvetti Group offers financial management solutions to clients in Sacramento and the surrounding areas. Its services include financial, tax, estate, and retirement planning, as well as asset allocation and management. Its staff also provides liability management, risk and cash flow analysis, trusted advisor coordination, and insurance coverage. The Salvetti Group's clients include retirees and pre-retirees, business owners, and executives. Its owners, Nick and AJ Salvetti, are both Certified Financial Planners and Chartered Retirement Planning Counselors.

License Verified:

License: 3041176

Investment Adviser Public Disclosure Database, SEC

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
Towerpoint Wealth logo
Visit WebsiteWebsite

Towerpoint Wealth

500 Capitol Mall, Sacramento, CA 95814
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Towerpoint Wealth is an independent wealth management advisory firm that serves clients in Sacramento. The firm offers a variety of financial services that involves cash flow analysis, debt management, tax planning, and real estate counsel. It also delivers insurance solutions to life, health, and long-term care needs. President Joseph Eschleman has been in the financial industry for 21 years. He was also a regular guest for KXTV News10 where he talked about investment, financial, and economic matters.

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 (36)

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
Young Wealth Management logo
Visit WebsiteWebsite

Young Wealth Management

555 University Avenue, Sacramento, CA 95825
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Young Wealth Management is a financial advising firm serving residents in Sacramento. The company offers various financial planning solutions covering areas such as insurance, tax, education, investment, retirement, and estate plans. Its financial advisors create financial plans to meet the needs of clients in different life situations, whether they are expecting an inheritance, preparing for retirement, recently divorced or widowed, or starting a family. Young Wealth Management operates as a fiduciary and adheres to standards set by NAPFA.

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
Zeller Kern Wealth Advisors logo
Visit WebsiteWebsite

License Verified:

License: 144913

Investment Adviser Public Disclosure Database, SEC

Zeller Kern Wealth Advisors

11335 Gold Express Dr, Ste 155, Gold River, CA 95670
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Founded in 2007, Zeller Kern Wealth Advisors serves individuals, families, and businesses in Sacramento. It offers financial advisory services, including retirement planning, investment management, and asset protection. Its wealth advisors, who hold CFP, AIF, AAMS, MBA, and CExP credentials, have more than four decades of combined industry experience. The company uses its Wealth Vault technology to view, monitor, and digitally store asset and liability information on one page. Its financial advisory services take into account volatility, market opportunities, and changes in tax laws.

License Verified:

License: 144913

Investment Adviser Public Disclosure Database, SEC

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 (5)

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.

Read all FAQs