Pasadena Financial Planners Serving Individuals and Families

Looking for financial planning in Pasadena or surrounding areas?

There’s nothing easy about hiring a financial planner.  In Pasadena and the greater Los Angeles area, there’s many to choose from.

There’s also many professionals with similar titles:  financial advisors, wealth managers and other names.  Which type is best for you?  To help you sort through the confusion, we’ve provided some common questions and answers below.

 

Serving Pasadena and the Surrounding Areas for over 22 Years

At Arroyo Investment Group, we’ve been serving as Pasadena financial planners and investment managers for over two decades.  As a fee-only, completely independent firm, our business model is to look after you, not focus on corporate profits.

  • Planning is done by CERTIFIED FINANCIAL PLANNER™ professionals, who understand your challenges and can help you solve them.
  • We’re one of the few GIPS®-compliant financial advisors to individuals, meaning we provide you with independently verified investment results (learn why this is so important for your future).
  • Our full-service approach provides all the other support you need to feel in control of your money and your future.
  • All this for one competitive, all-inclusive fee.

Learn more about our services here.

Frequently Asked Questions

Q.  What’s involved with working with a financial planner for the first time?

A.  Personal financial planning, is, by definition, personal, so it’s important that you find a team that you are comfortable with.  Most top financial planners should offer you a free initial meeting.  Use that time to see if it’s a fit.  Do they listen to you? Do they ask you a lot of questions?  The best financial planners should spend more time listening to you than talking.  They are here to help you achieve your goals so the focus should always be on you, not on them.

Once you choose a firm to work with, please realize that financial planning can bring huge peace of mind.  By getting organized and getting a road map together to chart your financial future, most people feel a huge sense of relief.  The downside?  There is some work involved up front to get organized.  Fortunately with today’s technology that is minimized.

Q.  What’s the difference between a financial planner and a wealth manager?

A.  Unfortunately there’s a lot of titles in the financial advice industry.  There’s no hard and fast rules for what a title means.  However, if someone goes by ‘Financial Planner’, that’s likely an area they focus on.  A wealth manager very likely does financial planning, but it may not be a focus of their practice.  Same with financial advisors and investment managers.  Searching for ‘financial planners’ however, is a good way to find professionals who view that as the central part of their practice.  It’s also good to look for firms that have a CERTIFIED FINANCIAL PLANNER™ professional on staff.

Q.  What’s the difference between a fee-only or fee-based financial planner?

A.  Ah, the confusing world of advisor compensation.  It’s complicated so we wrote an entire blog article about it.  You can read it here.

Q.  Who physically holds my money and assets?

A.  As a Registered Investment Advisor, we only help you plan and manage your money; we don’t hold on to it.  Instead we partner with a well known custodian (Schwab) who specializes in that function. You’ll find that most independent financial planners and wealth managers do not hold your funds.  That is best for you, since then you have two independent layers of protection.  But it is important to know where your funds will be held so always ask.

Q.  Do you act as my fiduciary?

A.  Arroyo acts as your legal fiduciary all of the time.  A fiduciary must legally put your interests in front of theirs at all times.  Not all financial professionals are held to this standard, however; it can vary with their registrations and licenses.  It’s critical to ask, and get it in writing.  Learn more about this important topic here.

Please check out our blog for more informative articles on hiring the right financial planner.

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Where to Find Us

 

We’re located in downtown Pasadena, but we service clients in person throughout Los Angeles and Orange County.

We also work with clients nationwide via phone, email and skype.

 

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