Pasadena Wealth Management
Looking for a top Pasadena wealth management firm?
If you’re looking for the best Pasadena and Los Angeles wealth management firms, you’ve got a dizzying array of choices. Who will provide you with the help you need to grow and protect your wealth?
To find out, you’ve got to ask the right questions. See below for a list of good questions to ask of each prospect.
Serving Pasadena and the Greater Los Angeles Area for over 22 Years
At Arroyo Investment Group, we’ve been serving Pasadena and the greater Los Angeles area for over two decades. As a fee-only, completely independent wealth management firm, our business model is to look after you, not report to a corporate office.
Learn more about our services here.
We’ve compiled some frequently asked questions, below, to help you in your search. Also please see our Free Resources and Blog for more information that can help you make an informed choice.
Frequently Asked Questions
Q. How can I evaluate a firm’s track record?
A. Ask the firm for their investment track record. But beware, most financial advisors to individuals do not track their investment results. However, at Arroyo, we believe in transparency, so we track all the details of our performance. In addition, we publish our results in an industry best practice, GIPS® compliant format. This way you can always tell how good a job we are doing for you. You can view our Track Record on this website, and you can also learn more about this by downloading our Free Ebook, What You Need to Know about Your Advisor’s Track Record.
Always be sure to ask any wealth manager or advisor you are evaluating for their GIPS® compliant investment reports. That way, you have the facts you need to make an informed decision.
Q. Is there a fee to meet with you or other wealth managers the first time?
A. There should not be a fee when first meeting with a quality firm. They should offer an initial consultation at no charge. At Arroyo, the first meeting is always free, and we also offer a free Portfolio Review service to help you get to know us.
Hiring an advisor is a big decision. You should be asking a lot of questions and getting answers in writing. If someone tries to rush you, or does not answer your questions in writing, they may not be the advisor that will serve you well in the future.
Q. What’s the difference between a fee-only or fee-based advisor?
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.
In a nutshell, by choosing a Fee-Only Advisor, you help avoid advisors who are paid commissions to sell products. Because you probably don’t want a salesperson…you want a true advisor.
Q. Do you or other firms actually hold my money, stocks and bonds?
A. Arroyo is a Registered Investment Advisor, so we don’t physically hold your money. Instead we partner with a well known custodian (Schwab) who is in the business of safekeeping of money and securities. Most independent advisors do not hold your funds. That is a good thing, since then you have two independent layers of protection.
Q. Are you a legal fiduciary?
A. Arroyo Investment Group acts as your legal fiduciary all of the time. Not all financial advisors do, it can vary with their registrations and licenses. It’s always safest to ask, and get it in writing. Learn more about this important question here.
Have more questions? Send us an email, we love to help investors learn more so they can hire the right firm.
Also, please check out our blog for more informative articles on hiring the right wealth management firm.
