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Los Angeles Five Star award winner

HOW TO WORK WITH A FINANCIAL PLANNER - WEALTH ADVISOR

                                    WANT TO BUILD UP/CREATE YOUR WEALTH?  

                                 THEN WORK WITH A WEALTH FINANCIAL PLANNER

 

As a Wealth Financial Planner, I am often asked: How much money do I need to work with you, OR do you require a minimum amount of assets? It’s easy to understand why that question is asked so often. Traditionally, the financial services industry has placed a greater emphasis on what assets you have now vs. what you are trying to build or will have in the future. Oftentimes, there is less focus on strategic and goal-based planning. Well, this is changing. True financial advisory services are about helping individuals create better financial decisions to achieve their personal financial goals and build up their wealth. This includes creating a better understanding of budgeting and cash flow needs, how to update one's credit scores, understanding and taking advantage of employee benefits, selecting the best investment strategies, incorporating estate planning, tax planning, and of course, personal and family geared financial planning.

A CERTIFIED FINANCIAL PLANNER® professional helps people identify and prioritize their goals, creates roadmaps and blueprints to guide them, and checks in with them to monitor their progress. In short, Financial Planners act as your personal Chief Financial Officer. When it's all said and done, what’s most important is what you need and how the financial professional will work with you.

In addition, be sure to do a background check on your financial professional. Here are two sites that you should visit to learn more about the financial professional you are either currently working with or are planning to work with. You simply need to put in the advisor's name and location. Here you will be able to view their history, current employment status, licensing and registration information, and most importantly, view if there are any disclosures such as consumer complaints and/or regulatory violations:  

 

                                                  FINRA SITE

                                         https://brokercheck.finra.org

                                       SECURITIES AND EXCHANGE SITE

                         https://www.adviserinfo.sec.gov/IAPD/default.aspx. 

 

At the end of the day, working with a Financial Advisor can assist in meeting your financial goals. Just do your homework first and make sure you've picked the right professional to work with.

 

This award was issued on 12/01/2022 by Five Star Professional (FSP) for the time period 03/28/2022 through 09/23/2022. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 3,629 Los Angeles-area wealth managers were considered for the award; 155 (4% of candidates) were named 2023 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2022: 3781, 150, 4%, 12/1/21, 3/29/21 - 10/1/21; 2021: 3574, 158, 4%, 12/1/20, 3/30/20 - 10/9/20; 2020: 3527, 158, 4%, 12/1/19, 3/1/19 - 10/25/19; 2019: 3528, 154, 4%, 12/1/18, 3/26/18 - 10/16/18; 2018: 2708, 154, 6%, 12/1/17, 3/23/17 - 10/13/17; 2017: 2351, 287, 12%, 11/1/16, 2/25/16 - 10/24/16; 2016: 2374, 298, 13%, 11/1/15, 5/22/15 - 10/16/15; 2015: 3105, 327, 11%, 12/1/14, 5/22/14 - 10/16/14; 2014: 6088, 340, 6%, 12/1/13, 5/22/13 - 10/16/13; 2013: 3488, 372, 11%, 12/1/12, 5/22/12 - 10/16/12; 2012: 1019, 176, 17%, 11/1/11, 5/22/11 - 10/16/11.
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Urban Wealth Management Group LLC, an SEC Firm, offers Advisory Services. This material is for informational purposes only. The views expressed herein represent the opinion of Urban Wealth Management and are not intended as investment advice or an endorsement of any specific investment.

*Winners appearing on this page do not pay a fee to be considered or to win the Five Star Award. Professionals with a digital profile have paid a promotional fee.
Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.