Expertise.com

2024

Last updated:

Best Financial Advisors in Pharr

Our Recommended Top 3

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 Pharr Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

21Reviewed

13Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
5713 N 24th St, McAllen, TX 78504
  • Tax Planning
  • Financial Planning

Why choose this provider?

Aldaris CPA Group has been serving individuals, families, and business clients in Pharr and its surrounding metros for more than eight years. It provides retirement planning and financial planning services. Its team of three accountants also provides tax, accounting, and business consulting services with a focus on assisting clients in achieving financial confidence. They help clients in addressing complex tax and accounting issues through sound tax and financial strategies. The firm has assisted over 280 clients since its inception.

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 (14)
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

Website
4812 South Jackson Road, Edinburg, TX 78539
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

Independent Wealth Consultants offers financial advice to Pharr residents. It uses a new automated service that provides investment advice via an online platform that is available 24/7. The company creates customized financial plans and provides wealth management through various investment products. It helps clients attain asset growth and capital preservation based on their investment objectives, risk tolerance, and time frame. It has been providing financial advice since 2007. President and wealth consultant Albert Lopez 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.
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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
5315 North McColl, McAllen, TX 78504
  • Certified Financial Planner (CFP)

Why choose this provider?

Based in McAllen, the company Walter J. Reyna, Inc., serves clients throughout the Pharr metro. It assists individuals through financial planning and develops strategies to decrease estate and income taxes. The company conducts a one-on-one financial coaching session to discuss estate and retirement planning. It has experience setting up retirement accounts for self-employed individuals. The company is managed by the father and son team of Walter and Anthony Reyna. Anthony worked as a senior financial representative for the American multinational firm Fidelity Investments Inc.

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

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.

  • Should a recession dissuade a new investor in Pharr from starting investments early?

    No, a recession should not dissuade new investors in Pharr from getting into investments early. On the contrary, it is advantageous to start early because the overall trend of the market is to improve over time and prices are cheap when the economy is down. Given that new investors won't retire for another three decades or so, that's a lot of time to grow.

  • Should an investor in Pharr consult a financial professional or an insurance agent?

    Investors in Pharr should choose between insurance agents and financial professionals depending on whether they want to get life assurance products or long-term investments. Financial professionals cover a wider array of products, from shares of stocks to mutual funds, while insurance agents usually stick to life and non-life contingency plans.

  • What is the difference between an outstanding share of stock and a bond in Pharr?

    In Pharr, an outstanding share of stock is issued to common shareholders as evidence of partial ownership of the corporation. It allows investors to receive dividends during profitable years. Bonds are proof that the holder is a creditor of the company, and the latter promises to pay the principal and interest once the period in the document ends. There is neither partial ownership nor dividends due.

  • What are the inheritance law and financial advantages of a survivorship life insurance policy in Phar?

    A survivorship life insurance policy in Pharr that names heirs as beneficiaries enjoys preferred estate tax treatment because the proceeds are not taxed when given away. Probate is not needed to distribute the funds because they never become part of the estate and ownership shifts to recipients without the need for court decrees.

  • In Pharr, what are the advantages and disadvantages of mutual funds over direct investments in stocks?

    Mutual funds in Pharr are easier to diversify because fund managers will usually place money in multiple areas instead of concentrating on a single basket case. The initial investment amounts are also smaller than usual. There are more upfront costs than normal stocks, though, because the manager and the company both take cuts.

  • 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.