HCR Wealth Advisors: Financial Planning Begins with Client Relationship

It is one thing to attain wealth and another to manage it. It can take a hundred years to amass wealth but only a few seconds to lose it. This is where HCR Wealth Advisors comes in. HCR Wealth Advisors is a registered investment advisory firm located in Los Angeles, California. It focuses on educating clients on investment strategies, developing strategies to help its customers attain set financial goals, and help protect them against financial risk. HCR Wealth Advisors offers services mainly in insurance services, financial services, consulting business services and wealth management. It was founded by its CEO, Greg Heller.

Isn’t money managing the same as wealth advisory?

HCR Wealth Advisors makes it clear that money managing revolves around asset allocation with performance-based goals, chasing bonds and stocks without calculated reasoning or strategy. In short, many money managers tend not to deliver on their promises. This failure results in bitter clients who spend their hard-earned money only to incur losses. Wealth advisors, however, take a holistic approach by investing in the client. It thus becomes a relationship-oriented endeavor. They familiarize themselves with the client, their existing financial portfolio, financial goals and potential events that could affect their financial situation.

How it Works

Senior Managing Director at HCR Wealth Advisors, Steve Weinberger, disapproves the trend of companies working with clients without first coming up with a plan. HCR Wealth Advisors designs a financial plan and strategy first to make the best business decisions. He says that many companies opt not to do this since they do not get reimbursed for it. However, HCR Wealth Advisors chooses to start with this orientation in order to serve their clients better and more effectively. The company has a seven-step process when financially strategizing. The steps include;

  • Laying it all out, so as to come up with goals.
  • Identifying opportunities, to determine what the client needs not only now but also in the future.
  • Building a structure for the allocation of investments
  • Securing a private client online portal to give real-time access to the client’s profile
  • Periodic evaluations of the investment strategy and progress tracking
  • Close analysis and monitoring of portfolio growth.
  • Evaluation and consequent adjusting of the plan.

More information

HCR Wealth Advisors is wholly dedicated to serving its clients and is not financially motivated. They charge a one-time fee which is a percentage of all assets under their management. This is not necessarily the case with competitor companies. This ensures transparency between the company and its esteemed clients which is vital in every business.

See the latest blog from HCR Wealth: hcrwealth.com/blog/

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