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Best Financial Advisors in West Covina, CA

Our Recommended Top 3

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



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West Covina, CA
Free Consultation Rating

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.

  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

West Covina, CA Rating

Why choose this provider?

Need help contacting a Financial Advisor in West Covina? 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.

1700 West Cameron Ave Suite 106, West Covina, CA 91790 Rating

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4.2 (5)
3.7 (3)

Why choose this provider?

Roy McGarrell & Co., CPA, offers financial planning solutions to clients in West Covina. For over 20 years, the firm has been helping people plan for their retirement or children's college education. Its financial planning service includes tax and estate planning. Financial statement preparation for small business clients is also available. The members of the firm participate in continuing education courses offered by local chapters of the national accounting and tax associations to remain current on tax and accounting laws.

  • Tax Planning
  • Tax Preparation
  • Financial Planning

Compare our Top Financial Advisors

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SmartAdvisor by SmartAsset
West Covina, CAFree Consultation
Roy McGarrell & Co., CPA
1700 West Cameron Ave Suite 106, West Covina, CA 91790


  • 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 are the common ways for you to avoid investment tax liability in West Covina?

    One of the common ways to avoid investment tax liability in West Covina is through dividends. If you are self-employed, your financial advisor can assist you in structuring your finances to earn dividends, which are taxed at a lower rate than salary/hourly income by the government. In addition, charitable donations and estate planning are helpful ways to alleviate tax burdens.

  • How does active portfolio management differ from a passive one in West Covina?

    Active portfolio management in West Covina seeks to exceed a benchmark index by buying and selling investments on a regular basis. While it produces higher profits, it also incurs more fees and takes on greater risks. On the other hand, passive management—also known as indexing—is intended to match the returns of a certain market index. Since the strategy is not proactive, the fees are lower than with active management.

  • How does the diversification of assets in West Covina protect you from market volatility?

    Diversification can help you safeguard your West Covina investments from market volatility by spreading your money throughout several asset classes and investment vehicles. Because various types of investments perform differently under the same economic conditions, profits in one sector can help balance losses in another, lowering your risk of loss.

  • Is there a way for you to increase your Social Security retirement benefits in West Covina?

    If you plan to increase your Social Security retirement benefits in West Covina, you may opt to delay your retirement. If you postpone getting Social Security retirement benefits over your full retirement age, your payment will be permanently increased by a set percentage, up to the maximum age of 70.

  • What are the ways for you to protect your financial assets in West Covina from inflation?

    To protect your financial assets in West Covina against inflation, you must first know your personal inflation rate. This is determined by analyzing your purchasing habits and determining the products and services that form your personal consumption basket. Additionally, talk to your financial advisor about Treasury Inflation-Protected Securities (TIPS) and inflation-hedging assets, including real estate investment trusts (REITs), sector ETFs, and commodity funds.

  • 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.