Financial Advisors in San Rafael
Looking for a Financial Advisor in San Rafael?
Whether you have lived in San Rafael for years or recently moved to town, you may need help finding the right financial advisor in the community best suited for your individual needs.
It’s important to first consider your own financial planning priorities before choosing an advisor. Here are a few quick tips to help you get started along with financial advisors in San Rafael featured on Wealthtender you may want to add to your short list.
The Benefits of Hiring a Financial Advisor in San Rafael
Hiring a financial advisor can be a great move to help you build a long-term investing strategy. Advisors can help you build an investment portfolio to meet your financial goals, as well as help you plan appropriately for retirement.
As a resident of San Rafael, hiring a financial advisor who lives nearby and understands the local economy, cost of living and regional employers can be quite valuable, especially if your individual circumstances are deeply tied to such factors.
Who are the largest employers in San Rafael?
The largest employers in San Rafael according to the State of California Employment Development Department include:
- Autodesk Inc
- Biomarin Pharmaceutical Inc
- Community Action Marin
- Kaiser Permanente Sn Rafael MD
- Managed Health Network LLC
- Marin County Public Works Dept
- Marin County Sheriff’s Dept
- Marin Independent Journal
- San Rafael Human Resources
- Westamerica Bancorporation
Do you work for one of the largest employers in San Rafael? If so, there’s a good chance the local financial advisor you hire will have other clients who work there, too. This knowledge could prove valuable if they are already familiar with your employee benefits such as a 401(k) plan, Health Savings Accounts and other components of your total compensation package.
When you reach out to financial advisors you’re considering hiring, let them know where you work and ask if they are familiar with the unique benefits and compensation structure offered by your employer.
Quick Tips For Hiring a San Rafael Financial Advisor
Before hiring a financial advisor in San Rafael, here are few quick tips to help you find the best advisor for you.
1. Decide Which Services You Need
Before hiring an advisor, determine what services you need from them. Whether it’s full-service investment management, or a plan focused on a specific area of your finances, put together a list of what you’d like help with before contacting an advisor.
Though most people use a financial planner simply to invest for retirement, this is only a small part of what many advisors offer. Here’s a quick rundown of potential services a financial advisor may offer you:
- Budgeting and money management
- Debt management
- Insurance planning
- Retirement planning
- Other investment planning
- Inheritance planning
- Estate planning
- Tax planning
As you can see, financial advisors can help you with your entire financial picture, not just investing. As you start to plan for life’s bigger milestones, you should consider finding a financial advisor that specializes in those areas.
Finding the right advisor can help you minimize risk, maximize gains and take advantage of tax breaks while investing for your future. They can also help you protect your assets with the right kinds of insurance, and help you pass on your financial legacy with a proper estate plan.
2. Consider Your Budget and Payment Preferences
Once you have a list of what services you would like, review the fee structures offered by financial advisors. Finding a balance between the services you need and the cost of those services will help you narrow down the field of advisors you may want to work with.
If you are looking for a full-service advisor to manage all of your investments, consider searching among fee-based financial advisors. If you want to manage your money yourself, consider the flat fee and monthly subscription advisors for ongoing support.
3. Interview Multiple Financial Advisors
Once you have chosen the services and fee structure you prefer, it’s time to contact a few advisors and interview them. Here are a few questions to ask when interviewing a financial advisor:
- What services do you provide?
- What are all the ways you get paid? (fee transparency)
- What is your investment strategy?
- How do you measure investment performance?
- How do we communicate about my plan?
Interview multiple advisors to get a feel for who you want to work with. A combination of fees, services and customer service will help you determine the best fit for your financial advice.
4. Review Financial Advisor Credentials
Once you find an advisor (or two) that you feel comfortable with, it’s always a good practice to check their credentials and the details of their firm. You can do this at the Investment Adviser Public Disclosure (IAPD) website.
You can check both the individual and the firm to view their background and experience details, as well as any disciplinary action taken against them or their firm.
As licensed financial professionals, there is oversight into how financial advisors conduct business, so running a quick (free) check on them is recommended.
For additional information about advisor credentials, read our article to learn the most popular designations held by financial advisors, as well as specialized credentials which may be important to consider if you have unique financial planning needs:
Featured San Rafael Financial Advisors
As you prepare to interview financial advisors in San Rafael who may be right for you, here are advisors featured on Wealthtender to consider adding to your list.
- Tom McAuliffe (Heritage Family Offices, LLP)
Tom McAuliffe (Heritage Family Offices, LLP)
Tom McAuliffe has over 34 years experience building and preserving family wealth, starting with Lehman Brothers, then in his own firm, True Wealth Management, and now with Heritage Family Offices LLP.
He remains focused on working alongside CPAs to help individuals and business owners minimize taxes, invest their wealth and securely plan for their future.
Heritage Family Offices, LLP and affiliated entities is a professional association comprised of legally independent professional practices: HFO Certified Public Accountants, LLP; HFO Law Group, LLP; Heritage Insurance Advisors, LLC; and Heritage Wealth Management, LLC.
We believe our clients are best served by integrating the primary financial professionals in their lives. Together, our family of companies provides our clients with Certified Public Accountants, tax professionals, attorneys, financial advisors, Certified Financial Planners, and insurance professionals. Please note, however, that not all professionals maintain all these licenses. Please carefully take note of our respective professional licenses, or ask for clarification, when engaging any professional in our firm. Our goal is to provide continuous, full transparency for our clients or prospective clients.
- Payment Options: Percentage of Assets Managed, Commissions, Fee Only, Hourly Rate, Package Offers
- Advisor Website: www.heritagefo.com
- Wealthtender Profile: Tax Planning Strategist
Scroll down to view San Rafael financial advisors featured on Wealthtender, including an interactive map to easily find their office location.
Frequently Asked Questions & Additional Resources
How do I know if I’m ready to hire a financial advisor?
You should strongly consider hiring a financial advisor if you have a significant amount of money available for saving or investing. This could occur after years of making annual contributions to a retirement plan like a 401(k) through your employer, or suddenly if you receive a large inheritance or sell your house for a large profit.
But even if you don’t have a lot of money saved, many financial advisors and planners provide reasonable pricing options and valuable services you should consider, especially if you’re facing a significant life event. For example, if you’re starting a new job, getting married, starting a family, getting divorced, lost your job, starting or selling a business or approaching retirement age, working with a trusted financial advisor or planner may prove worthwhile.
Before I hire a new financial advisor, should I fire my current advisor?
You don’t need to fire your current advisor before beginning your search for a new financial advisor. In fact, your new advisor can help coordinate the transition of your assets from your previous financial advisor.
Where can I read reviews about financial advisors written by their clients to help me decide if I should hire them?
After 60 years of regulatory prohibition of financial advisor reviews in the US, a rule issued by the Securities and Exchange Commission (SEC) became effective on May 4, 2021 that means both financial advisors and directory websites that help consumers search for a financial advisor can collect and display financial advisor reviews, an important factor worth considering when choosing who you’ll hire to manage your investments and life savings.
Wealthtender is the first independent advisor review platform designed to be fully compliant with the new SEC rule and we look forward to helping you evaluate financial advisors based on reviews written by their clients.
I’m a San Rafael financial advisor interested in being featured in this guide. How do I get started?
Thanks for your interest. We look forward to learning more about your practice and helping you attract your ideal clients where you may be a good fit based upon their individual needs and circumstances. Please click here to learn how you can join San Rafael financial advisors featured on Wealthtender.
Please note: Wealthtender may be compensated by financial advisors featured on our site and within this guide. Learn more about how we operate with integrity to earn your trust.
About the Author
About the Author
Brian is CEO and founder of Wealthtender. He and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.
With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.
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Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals who pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals not featured on Wealthtender. Learn how we operate with integrity to earn your trust.