HCR Wealth Advisors is a registered investment advisory firm servicing high net worth individuals both locally and across the US from their base in Los Angeles. A recent blog post explained their defining principles and the services they provide.
HCR Wealth Advisors is a fee-based RIA firm. That is, they charge one simple, transparent fee based on a percentage of the client’s combined assets under management. That fee is reasonable and in line with industry rates. HCR Wealth Advisors does not accept financial incentives to steer their clients into investments. There is a kernel of truth in the popular meme, “If you’re not paying, you’re the product.”
The quintessential principle motivating all client-adviser interactions at HCR Wealth Advisors is that the client comes first. HCR Wealth Advisors is committed to doing everything necessary to establish relationships through education, trust, and service. Putting clients first requires building a trust-based relationship. HCR Wealth Advisors knows that building an authentic relationship requires time and transparency from all parties. And it also involves taking time to listen while getting to know the client’s short and long-term goals.
HCR Wealth Advisors also believes that understanding a client’s temperament is as important as understanding their goals. A professional from HCR Wealth Advisors can educate a client on an investment strategy that matches their personality. Two different clients can reach similar goals in different ways. There is still, after all, more than one path to the mountaintop.
HCR Wealth Advisors is not a money manager. It is important, they believe, to understand the difference. Money managers are, in a certain sense, concerned with the nuts and bolts of money and investing. An advisor from HCR Wealth Advisors develops strategies to help clients reach their financial goals by creating personalized financial strategies that include developing an awareness of not only the rewards but the risk that attends any investment and any life.
Wise wealth management requires an honest assessment of what the future likely holds. While not all expected life events are pleasant to contemplate, HCR Wealth Advisors helps its clients plan for both the pleasant and unpleasant events that are an inevitable part of everyone’s future. HCR Wealth Advisors can help protect its clients against risk from those unpleasant eventualities, and that is why they also provide insurance services to their clients. HCR Wealth Advisors (@hcrwealth) can create personalized financial strategies to provide for the happier occasions that sufficient wealth makes even more enjoyable. Some of the more familiar life events that require planning are marriage, divorce, death, inheritance, starting or selling a business, and retirement.
HCR Wealth Advisors takes a team approach to wealth management. HCR Wealth Advisors assigns three trained professionals to most every client — the lead adviser, a financial planner, and an analyst. The team approach has delivered excellent results for HCR Wealth Advisors’ clients. They estimate their client retention rate is around 95%.
Space does not permit covering the entirety of the post, but taking the time to read it will be time well spent.
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