When it comes to your family and your financial security, it should figure in right at the top. In modern times, with the number of responsibilities of the average person being on the rise, the need for a financial advisor is paramount if you want to lead a comfortable life consistently.

A financial planning firm can give you a macro view of your finances and the various ways it interacts with assets and situations. They can give you advice on the right time to purchase or invest in something without having to sacrifice your lifestyle.

Who Are True Financial Advisors?

The first thing you need to understand is the difference between a financial advisor and other people who handle finances. There are stockbrokers, accountants, insurance agents or people who sell mutual funds.

A true financial advisor is not any of the above. A professional financial advisor’s only aim is to offer you actionable advice that is objective and can help your current financial situation or ones that are upcoming.

A financial advisor has one or several certifications that prove their mettle in the game. One of the most important certifications to have is the CFP (Certified Financial Planner). This is one of the most rigorous tests administered by Certified Financial Planner Board of Standards which proves that the financial advisors know their stuff.

Do You Really Need a Financial Advisor?

Almost everyone has done taxes, figured out a few investment options and set aside money for retirement. These have to do with the basic math principles that most of have inculcated at a very young age. But do you need help to get beyond this point?

A lot of people who are strong believers in the DIY form of getting things done would like to pick and choose what they would like to do without resorting to help from outside agencies. But a professional financial planner can save you time and money because they are aware of different situations and patterns which would go a long way to get you a secure financial future.

When it comes to critical phases in your life, there are a lot of variables that you need to figure into an equation for the right results. This can be overwhelming, and you would do well to seek the services of financial advisors who get this done day in and day out.

A financial planner may be specialized or have a range of domains they deal with including life insurance, estate planning, college fund planning or retirement planning. If you are looking for financial advice in San Bernardino, learn more about it here.

How To Find The Right Financial Advisor?

Your first choice should be a CFP certified, a fiduciary financial advisor who your gut instinct tells you can build a fruitful relationship. Don’t go with financial advisors who have vested interests in the products that they are going to sell you. The ideal profile a financial planner should have is a fee-only or a Registered Investment Advisor (RIA). These categories of financial planners have your best interests in mind when formulating a plan for you.

You should also look them up on financial advisors’ directories which can give you an idea about how well the firm or person has dealt with clients or problems in the past. If your financial planner talks about how he beat the market averages every time, then it might be time to pursue your financial well-being elsewhere.

Why Are Fiduciary Financial Advisors In Demand?

Financial advisors who are bound by the fiduciary standard are regulated by the Securities and Exchange Commission (SEC) or state securities regulators. This is a huge advantage for people who are hiring their services because these standards deem that client interests be placed above all, including their own. This even includes the prohibition of making trades that result in higher commissions for the advisor’s investment firm.

Another point in favor of fiduciary financial planners is that according to standards they must do their best to make sure investment advice given out by them is accurate and derived from complete and updated information available to them at that time.


Financial advisors are a necessity in the face of the ever-changing economy. Another factor is that modern life has increasing demands which make it paramount to plan so you can lead a comfortable life. Hiring the services of a financial planner can save you time to tend to other important things in life like your family, health or hobbies to name a few.

Hire the right financial advisor in California and find yourself on the road to a carefree life!