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Financial Advisor San Francisco

San Francisco

44 Montgomery Street, Suite 2950
San Francisco, CA 94104
Phone: 925-659-0361
Mon-Fri: By Appointment

How to Find a Financial Advisor in
San Francisco

You may be looking for how to find a financial advisor in San Francisco. Open Advisors is one of the top financial firms in San Francisco. We require no minimums for our clients because we believe individuals in all stages of life should be able to access professional financial guidance. Additionally, we have flat fees because you shouldn’t get punished for success. As one of San Francisco’s top financial firms, we offer personalized plans because we believe your financial plan should be as unique as you.

But before you commit, you probably want to know more about finding the right San Francisco financial advisor. We understand, and that’s why we’ve put together this article to answer the top questions our clients ask us before partnering with us. We hope this helps.

What Does a Financial Advisor Do?

You might be wondering exactly what a financial advisor does with your money. How do they decide on the best way to manage your investments? The first thing you should know is that a financial advisor does a lot more than just recommend stocks and investments. The primary goal of a financial advisor is to construct a personalized financial plan tailored to achieve your short and long term financial goals.

Your financial plan will include strategies for investments, saving, budgeting, insurance, and taxes. After your plan is in motion, your financial advisor works with you to modify it to meet your needs as your life changes.

How Do You Create a Financial Plan?

Your financial advisor will give you a questionnaire to begin the process. The goal is to get a complete picture of your assets, liabilities, income, and expenses. You’ll also note pensions, income sources, retirement needs, and describe any long-term financial obligations. The questionnaire will also ask you about your risk tolerance.

The financial advisor takes the information from your questionnaire and designs a comprehensive financial plan to serve as a road map for your future. They’ll begin with a summary of the key finding from the questionnaire. The plan creates simulations of best and worst-case retirement scenarios. Examples include outliving your money, so you’ll be prepared for all possible situations.

After you review the plan with your advisor and make necessary adjustments, you’ll be ready to put your plan into action and secure your future with a new level of certainty.

Who Should Use a Financial Advisor?

Anyone can work with a financial advisor at any stage in life. You don’t need to have accumulated a high net worth to work with a financial advisor. Ideally, everyone who has a job and someday wants to retire would use the services of a financial advisor. However, you may come to terms with needing a financial advisor at different times than others.

Here are three good reasons to hire a financial advisor:

  1. You feel “lost” when planning for your financial future and want professional help to build a roadmap.
  2. When it comes to money you’re not motivated or interested enough to do the research necessary to build a solid financial plan. You’d rather have a professional help you take care of it and invest your time in other areas.
  3. You enjoy managing your money, but see the value of having an impartial and unemotional third-party opinion.

How Much Will I Spend on a Financial Advisor in San Francisco?

How much your San Francisco financial advisor will charge you depends on the fee structure they use. Some advisors charge a percentage of their client’s account balance - typically .25% to 1% per year. It can vary depending on the size of the balance. Other advisors, like Open Advisors, charge a flat fee depending on your needs and requirements.

Are Financial Advisors Worth it?

Many people wonder whether financial advisors are worth it and if they should just manage their own financial plan. It’s a good thing to wonder, and like many complicated questions in life, it depends. If you’re thinking “I need a financial advisor,” then you probably should try one. There are some bad apples out there, but the majority work hard to do their best to give maximum value to their clients. A good financial advisor can do amazing things for your financial life.

What type of Financial Advisor Do I need?

If you’re not sure what you need help with, it’s best to meet with an advisor who can look at your whole financial picture and help point you in the right direction. An advisor that is a certified financial planner (CFP) or chartered financial consultant (ChFC) is usually a safe choice. They can assess your whole situation and help you create a plan that meets your short and long-term goals.

Ready to Meet with a San Francisco Financial Advisor?

If you like the idea of building a financial roadmap to secure your future Open Advisors would love to help. Creating the future you want starts with making a plan today. True peace of mind comes with knowing you have the right plan. A good financial advisor works with you every step of the way to create a unique plan to meet your goals. Remember, your plan will change with your life, and your financial advisor will guide you through those changes.

It’s never too early, or late, to get organized and on the path to security.

Financial Advisor San Francisco

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