Expertise.com

2024

Last updated:

Best Financial Advisors in Santa Monica

Our Recommended Top 7

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Santa Monica Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

27Reviewed

19Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logoFEATUREDExpertise.com

SmartAdvisor by SmartAsset

Santa Monica, CA
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Why choose this provider?

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

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
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Price: Free Consultation

Santa Monica, CA

Why choose this provider?

Need help contacting a Financial Advisor in Santa Monica? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

Website
11300 W. Olympic Blvd. Suite 800, Los Angeles, CA 90064
  • Investment Management

Why choose this provider?

Miracle Mile Advisors is an independent investment advisory firm serving Santa Monica. It provides a range of services, including charitable intent, insurance, investment portfolio construction, and liquidity events. The other services it offers are estate, retirement, and tax planning. In addition, it has a Miracle Mile Client Portal application, where clients can remotely access their financial information. Miracle Mile Advisors was listed as one of the Top 300 Financial Advisors in 2020 by Financial 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.
4.9
Yelp
5.0 / 5 (14)
Facebook
5.0 / 5 (10)
Google
4.3 / 5 (6)

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

Website
2716 Ocean Park Blvd. #2022, Santa Monica, CA 90405
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Why choose this provider?

Gerber Kawasaki is a financial services company that caters to clients in Santa Monica. It guides individuals through financial planning and provides strategies for managing areas like retirement. The company also offers strategic tax planning services and assists with tax filing. Its other service area is wealth management, where it reviews clients' investment portfolios. Ross Gerber, the company's co-founder and CEO, has over two decades of industry experience. He has been regularly featured on media outlets like Bloomberg, Fox Business, and CNBC.

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.
4.6

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

Website
226 S Beverly Drive Suite 200, Beverly Hills, CA 90212
  • Custom Financial Planning
  • Certified Financial Planner (CFP)

Why choose this provider?

Samual Rad is a CFP who serves families and individuals in the Santa Monica metro and nearby areas. He provides holistic financial planning solutions, which include liabilities and assets analysis and 4019(k) and IRA plans creation. He also deals with retirement planning and financial coaching and therapy services. In addition, the financial advisor handles real estate investment valuations. Rad has been in the financial services industry for over a decade. He is a member of LASHA's board of directors.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Yelp
4.8 / 5 (46)
Google
4.6 / 5 (11)

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
––

Website
226 South Beverly Dr. Suite 200, Beverly Hills, CA 90212
  • Certified Financial Planner (CFP)
  • Retirement Planning

Why choose this provider?

Founded in 2015, Affluencer Financial is a fiduciary advisory firm serving residents in Santa Monica. The company comprises certified public accountants and professionals holding the Certified Financial Planner and Chartered Financial Analyst designations. The team believes in holistic financial planning, an approach that protects customers' economic well-being and covers their assets against financial threats. Affluencer Financial offers services on a monthly, hourly, or project basis to meet the unique needs of clients. It covers retirement projection, tax planning, and estate 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 (11)

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
––

Website
100 Wilshire Boulevard #700, Santa Monica, CA 90401
  • Estate Planning
  • Retirement Planning
  • Financial Planning
  • Certified Financial Planner (CFP)
  • Wealth Management
  • Investment Management

Why choose this provider?

Windfall Advisors LLC is an RIA-registered investment advisory firm functioning on a fee-only, fiduciary duty. It specializes in advising, financial planning, and investment management for financial windfall recipients. Its founder and lead financial advisor, Daniel Scott Johnson, has a regulatory history in all 13 years in practice. Johnson carries the Chartered Retirement Planning Counselor designation. His company has been featured on CNN, CNBC, and Malibu Magazine. Windfall Advisors caters to individuals and families in Santa Monica.

License Verified:

License: 309261

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 (16)
Yelp
5.0 / 5 (10)
Facebook
5.0 / 5 (9)

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

FAQs

  • 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.

  • How can an investor find more information about Santa Monica's economic development support?

    To know more about the city's economic development support and its businesses, send an email to econdev@santamonica.gov or call (310) 458-8906. Visit the Community Development Department at 1685 Main Street, Mail Stop 12 Santa Monica, CA. 90401. The city is part of the “Silicon Beach” region which is home to technology companies and start-ups more than 500 in number.

  • What are some of the common fee types for investments in Santa Monica?

    Some of the common types of expenses for investments in Santa Monica are total annual fund operating expenses, sales charges, and shareholder service costs. There are also fees for exchanges, accounts, purchases, distribution, and management. In addition, investments can have 12b-1 fees, brokerage charges, and professional fees for transfer agencies, custodians, and accountants.

  • Are there disadvantages to buying real estate in Santa Monica using IRAs?

    One of the most important things to consider is that the IRS does not allow IRAs to be used in purchasing real estate. An IRA account holder in Santa Monica who does so could face penalties and significant taxes. They can still invest IRA funds in real estate by creating a self-directed IRA account through a custodial company but must be wary of the consequences if improperly set up. They must consider consulting with a real estate lawyer when making such an investment move.

  • Can working past retirement affect the social security benefits of the retiree in Santa Monica?

    It depends on factors such as full retirement age, taxable benefits, and earnings test. Santa Monica individuals born in 1960 and after may be able to receive 100% of their social security benefits at 67 years old and this is considered the full retirement age. When an individual receives benefits before and on the year of the full retirement age, there will be benefits deductions for earnings above the limit. However, once the individual reaches the full retirement age, there will be no more deductions no matter the earning but the benefits are taxable.

  • What are the risks of investing in the stocks of biotech companies for an investor in Santa Monica?

    The biotech sector is extremely volatile for investors, including those in Santa Monica, owing to the impact of the political situation on drug prices. There are also difficulties in predicting when companies will hit gold because of the uncertainty of FDA regulatory approvals, long years of product research and development, and high overhead costs. Additionally, the rise and fall of f biotech stock prices usually hinge on a drug's approval of clinical trials.

  • 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.