HCR Wealth Advisors’ Client-Based Approach

HCR Wealth Advisors’ Client-Based Approach

When it comes to money and allowing someone else to deal with it, trust is key. HCR Wealth Advisors, an investment advisory firm based out of Los Angeles, takes great pride in the trusting relationships they have with their clients. In fact, building long lasting and trusting relationships, where the client is always put first, is a key aspect of the company’s culture.

In order to understand what sets HCR Wealth Advisors apart from other firms in the industry, it is crucial to understand the difference between a money manager and a wealth advisor. Money managers are responsible for distributing assets. It is the hope and goal of most money managers that they will pick stocks and bonds that beat the market. Contrary to money managers, wealth advisors, like those at HCR Wealth Advisors, tend to be relationship-based. It is critical to a wealth advisor’s success that they sit down with each client and get to know them, their overall financial situation, what their short and long-term financial goals are, when and how they hope to retire, and among other things, potential life events that they want to plan for. Without this information, it is impossible to properly to set a realistic strategy and attainable goals.

According to hcrwealth.com, to better be able to ensure success and deliver great service, HCR Wealth Advisors assigns most clients a three-person team. First, each client is assigned a lead advisor who serves as the main point of contact. Second, each client gets a financial planner. This person is dedicated to helping their clients plan both current and future goals and a strategy to get there. Third, every person gets an analyst; who is responsible for analyzing current investments to make sure they are helping the client meet their goals. All three people on a client’s team meet together, with their client, on a regular basis to ensure things are going according to the plan and address any questions or concerns a client may have. Here are the available jobs at HCR Wealth.

Often times in the finance industry products are offered to clients for the simple reason that it makes the firm money. However, because HCR Wealth Advisors stands as an independent firm, working in the best interest of each client, the firm only offers products to their clients that will be beneficial to the overarching goal. Additionally, the firm doesn’t have hidden fees that are attached to their services. Instead, they are up front about what their fees are, which typically consists of a percentage of the overall amount of assets they are managing for that specific client. Know more about their founder and CEO Greg Heller.

See this page: https://www.nasdaq.com/quotes/institutional-portfolio/hcr-wealth-advisors-1015692

HCR Wealth Advisors is not affiliated with this website.

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