Expertise.com

Best Financial Advisors in Santa Barbara

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

Santa Barbara, 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
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
Friendliness
Helpfulness
Detail
––

Price: Free consultation

Arlington Financial Advisors logo
Visit WebsiteWebsite

Arlington Financial Advisors

100 E. De La Guerra St., Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Wealth Management

Business Description

Arlington Financial Advisors offers personalized advice on a variety of financial matters in Santa Barbara. It supports individuals in their retirement planning and asset purchase decisions. The company's advisors develop structured programs regarding investments, taxes, estate plans, and net worth plans. When conducting net worth planning, they consider their clients' major life changes and real estate exposure. They also educate them about investment risks and guide them in finding solutions, such as portfolio diversification. Managing partner Joseph R. Weiland is 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 (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
California Wealth Advisors logo
Visit WebsiteWebsite

California Wealth Advisors

10 East Figueroa Suite 201, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Finance Planning

Business Description

California Wealth Advisors is a financial planning firm that serves the Santa Barbara metro. Its team of independent advisors works with estate planning attorneys and accountants in the process of developing retirement, education, and estate plans for clients. With access to funds, individual equities, insurance plans, and alternative investments from various companies, they are able to create investment portfolios that match clients' needs and goals. The company was founded by Kelley Slaught, a longtime Santa Barbara resident, whose financial services career began in 1982.

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.
4.7
Yelp
4.0 / 5 (12)

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
Channel Wealth logo
Visit WebsiteWebsite

Channel Wealth

3700 State St, Suite 240, Santa Barbara, CA 93105
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Finance Planning

Business Description

Channel Wealth provides financial planning and wealth management services to clients in Santa Barbara and nearby locations. Through a wide range of financial methods suited to individual requirements and aspirations, the business assists individuals and families in making educated decisions about their future. It offers comprehensive financial planning, risk management, business succession planning, and transitional wealth management. Partner and wealth advisor Justin Anderson is a Certified Financial Planner who actively participates in the Financial Planning Association.

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
foronjyfinancial.com logo
Visit WebsiteWebsite

foronjyfinancial.com

401 Chapala Street Suite 105, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Retirement Planning
  • Financial Planning
  • Wealth Management

Business Description

Foronjy Financial provides its services to clients within Santa Barbara. Its advisors design the appropriate portfolio that aligns with a client's goals and help mitigate possible crises for their long-term investment strategies. It also advises clients on ways to handle their 401(k) to determine if they are in the proper position for retirement. Principal wealth manager Bryan Foronjy is a Certified Financial Planner. He worked as a senior account executive for 10 years at Fidelity Investments before founding the company.

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)
Mission Wealth logo
Visit WebsiteWebsite

Mission Wealth

1111 Chapala St 3rd Floor, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Investment Management
  • Wealth Management

Business Description

Mission Wealth offers fiduciary advice and services in Santa Barbara to help clients with a variety of financial concerns. The company caters to the needs of retirees, professionals, business owners, and independent women. Its advisors assist in financial planning, estate planning, investment management, risk management, and tax reduction. Brian Sottak, a partner and managing director at the firm, holds a Chartered Alternative Investment Analyst designation. He has also received a Top 40 Under 40 2019 award from the Pacific Coast Business Times.

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)
Yelp
5.0 / 5 (1)
Monarch Wealth Strategies logo
Visit WebsiteWebsite

Monarch Wealth Strategies

222 E. Carrillo Street, Suite 208, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Finance Planning

Business Description

Monarch Wealth Strategies is a financial advisory firm that has been assisting Santa Barbara clients in designing and protecting their legacies since 2008. It seeks to maximize their financial success by paying personal attention to them and developing tailored wealth plans, such as financial planning and investment management. Aaron J. Clark, the firm's founder, has been in the financial advisory industry for nearly two decades. He is a Certified Financial Planner and has a Master's degree in Personal Financial Planning.

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
Montecito Capital Management logo
Visit WebsiteWebsite

Montecito Capital Management

225 East Carrillo Street, Suite 203, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Retirement Planning
  • Financial Planning

Business Description

Montecito Capital Management is a fiduciary advisory firm serving individuals and families in Santa Barbara and the neighboring communities. It offers wealth management, financial investment, and retirement advisory services. The company assists clients with income protection, insurance, debt management, and business, estate, and education planning to help them secure their financial future. Founder Kipley J. Lytel has earned the CFA designation and has been featured in several publications like The Wall Street Journal, Forbes, Barron's, and Bloomberg Wealth Magazine.

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 (11)
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
––
Painted Porch logo
Visit WebsiteWebsite

Painted Porch

115 S. La Cumbre Lane, Suite 201, Santa Barbara, CA 93105
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Painted Porch is a financial advisory firm that serves Santa Barbara. Its scope of services ranges from helping clients plan for life changes to assisting individuals in implementing data-driven investment strategies that help promote wealth growth. It also offers a curated investment platform to qualified investors. CEO Brian Lloyd has over a decade of industry experience, having served as managing partner of West Coast Financial and growing that company to the point that it has five locations and over 600 clients.

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
4.5 / 5 (182)
pensionmark.com logo
Visit WebsiteWebsite

pensionmark.com

24 E. Cota Street, Ste. 200, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Pensionmark is a financial advisory firm that caters to investors and employers in the Santa Barbara metro and nearby areas. It provides wealth management, plan optimization, and investment analysis services to help clients achieve financial security. The company also deals with marketing sales, business operations, and RFI or vendor analysis. Its financial advisors also handle retirement planning, helping retirees obtain IRA and 401(k) plans. Pensionmark has been in the industry for more than 30 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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Syd Walker, CFP, AIF logo
Visit WebsiteWebsite

Syd Walker, CFP, AIF

206 East Anapamu Street, Santa Barbara, CA 93101
Visit WebsiteWebsite
  • Retirement Planning
  • Financial Planning
  • Wealth Management

Business Description

Syd Walker, CFP, AIF is a financial advisor, who serves individuals, families, and nonprofit organizations in and around Santa Barbara. He offers wealth advisory and investment management assistance, which involves sustaining discipline during market volatility and accessing institutional investments. He also works with clients' legal and tax professionals in the process of developing financial strategies in the event of divorce, job loss, and hospitalization. Walker, who is a Chartered Financial Consultant, has been working in the industry since 1997.

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
West Coast Financial logo
Visit WebsiteWebsite

West Coast Financial

1435 Anacapa Street, Santa Barbara, CA
Visit WebsiteWebsite
  • Financial Planning

Business Description

West Coast Financial provides assistance with the different aspects of financial planning. It guides clients in the core areas of investment, tax, retirement, and estate planning, as well as risk management. The firm's advisors take care of their clients' stocks, bonds, and mutual funds, managing alternative investments like private equity, venture capital, and commercial real estate. Joe Ferreira is part of the executive team. He is a Certified Financial Planner and a Certified Private Wealth Advisor. Ferreira and his team cater to Santa Barbara residents.

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 (4)
Facebook
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
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