Are you in search of professional financial advisors in Chandler? There are many people in Arizona who keep on searching terms like “best wealth advisors near me” on Google and it’s quite understandable why they do so.
Hiring a financial advisor for managing your wealth is a major decision. You are trusting a person or a firm with your money and you’ll never want to make the wrong choice.
But, how can you make sure that you are trusting the right person with your assets? How to choose the right fee structure when hiring a financial advisor and how will it affect your retirement plan or savings in the future?
Why Do You Need Financial Advice?
There are a lot of options when it comes to growing your wealth and investing your money. No matter if you are making a career transition or looking for a safe retirement plan, it’s important to have a strong financial plan to do so.
A lot of people like to follow a safer path in life. That’s why they seek the advice of Chandler financial planners. Getting the right advice enables them to smoothly navigate through sudden life changes like marriage, the birth of a child, divorce, career transition, quitting a job, or starting a new business.
Remember, every stage of your life demands a different approach to saving, investing, and planning your wealth. It all revolves around your circumstances.
For example, if a person starts investing money at the age of 21, his/her mindset and approach toward investment will be far different than a person who starts doing so at the age of 65.
It cannot be denied that there are a lot of factors involved when it comes to investing money. Some of them are your investment approach, the strength of your investment portfolio, and your current income. However, above all these factors, the chances of the success or failure of your financial plan majorly depend on the financial planner you choose.
How Can You Accomplish Financial Planning
You can do financial planning in a lot of different ways but the two popular ones are:
1. Signing up with an online do-it-yourself investment company
When you choose an online do-it-yourself firm, you will manage all the stuff without any human advice. This option is cost-effective because there’s no human involved in the process while you are doing research or making transactions for investment purposes.
2. Hiring a financial advisor
Just like hiring a Chandler CPA, hiring your own wealth manager or financial planner comes with higher costs but with productive results.
According to financial analysts, when you work with a financial planner, you can expect 2% to 4% higher results as compared to when you are doing it all alone.
Payment Structures of Chandler Financial Advisors
Yes, we cannot deny that hiring a financial advisor for wealth management to get better returns comes at a higher cost. But, before taking this step, you need to analyze if it will be beneficial for you or not.
To know this better, you should have an understanding of how Chandler financial advisors make money. It will help you analyze how they work to make you money.
The most commonly available payment structures when hiring financial advisors in Chandler are:
- Hourly: The investor is charged for time use on his behalf, regardless of assets.
- Retainer: A scheduled fee (usually monthly or annual) makes the Financial Advisor available, on-call for the advisory services the retainer covers.
- Flat fees: A set price for financial planning and asset management services. The fees have nothing to do with the amount of the investor’s account, big or small. It’s like ordering off a menu of services.
- Commission: The financial advisor receives a percentage of the money spent buying high-performing investments, usually charged per transaction.
- Asset management: The investor is charged a fee based on how much money is invested and fees usually are paid directly from the investor’s account.
Which Payment Structure is Best?
Beware that choosing the wrong payment structure that does not go with your needs can lead to a conflict of interest.
Let’s understand this with an example. If a financial advisor charges an hourly fee and is less interested in helping you make more money, he/she is more likely to spend time on another account.
Parallel to that, if financial advisors in Chandler get a flat fee per transaction, they can transfer money unnecessarily.
Thus, in our view, going with the commission-based fee structure can generate better results. In this payment plan, a financial advisor takes a portion of the growth of your investment.
How to Choose the Right Financial Advisor in Chandler
Do you want to identify that the financial advisors in Chandler are not forcing you to make investments that suit their interests more than yours?
You can do this by asking a simple question from your potential financial planner, “Do you have a fiduciary responsibility to my investments?”
If you get a”yes”, that means the financial planner is licensed. He/she will be bound by strict regulations and ethics to take actions that go in your best interest even if they do not get any benefit from it.
On the other side, if a financial planner is not fiduciary, he/she could direct you to a riskier path. But, this path can also end up with a higher payoff. You never know.
That’s why it’s hard to give a definite answer to which payment structure is best. It completely depends on your situation. Maybe you can try both options and then decide which one works best for you.
Want to go with the safer side? Have a meeting with your potential financial planner and get to know him/her before making a final decision. Analyze the financial plan they have created for you. If it supports the results you want to achieve and you feel comfortable about it, you can give a chance to that financial planner.
10 Best Financial Advisors in Chandler
After thorough research, we have created the list below of the top 10 best financial advisors in Chandler to help you save time. All of these companies are selected after analyzing their ratings, reviews, experience, services, and professionalism. Have a look:
1. Wealthnest Planners
Wealthnest Planners is a modern and unconventional wealth management firm that offers a comprehensive approach to financial planning. Beyond investments, its team can simplify the client’s entire financial needs, including tax planning, estate planning, retirement planning, insurance, and investments.
The Wealthnest Planners offer people to take the nestology™ difference, a unique client experience made possible through its proprietary wealth management process.
Founded from the ground up, Wealthnest Planners offers creative, innovative, and respected financial guidance in the industry. It boasts seasoned expertise and a hands-on approach to managing wealth, which has endured multiple market cycles.
As a local, independent financial firm, Wealthnest Planners’ recommendations are based on what it feels is best for each client, free from the influence of any external entity.
5720 W Chandler Blvd,
Chandler, AZ 85226
2. Retirement Planners of America
Retirement Planners of America is a firm that specializes in retirement planning and is dedicated to helping retirees achieve their financial goals. Retirement is a significant milestone, and working with a firm that understands unique needs is crucial.
The team at Retirement Planners of America is committed to providing financial peace of mind by offering Invest and Protect™ the Retirement Strategy, which aims to safeguard the investment from the ups and downs of the market. The team’s top priority is protecting clients’ savings because they know how hard a person has worked to get here.
Retirement Planners of America understands that saving for retirement goes beyond finances. It provides a comprehensive retirement plan that includes advice on estate planning, family legacy planning, Social Security, and income tax planning. The firm aims to help you maintain a high-standard lifestyle after retirement.
Retirement Planners of America
1120 S Dobson Rd STE 205,
Chandler, AZ 85286
3. J. Martin Wealth Management
- Martin Wealth Management is a fiduciary financial planning firm that puts the best interests of its clients first. With a highly personalized approach to financial planning and wealth management, the company empowers its clients to make confident and knowledgeable decisions for their financial independence. The firm’s mission is to protect and preserve the client’s savings across all market cycles, focusing on their risk tolerance and comfort level.
At J. Martin Wealth Management, the team of financial advisors guides clients to prepare for their retirement journey and oversees their success throughout. The firm utilizes a variety of wealth management strategies that seek low risk and low volatility to protect and preserve its client’s nest egg.
As a financial planning firm, J. Martin Wealth Management focuses on investment management, retirement income planning, tax planning, and wealth management services aimed at wealth preservation and optimizing distributions in retirement.
J. Martin Wealth Management
333 N. Dobson Road, Suite #5
Chandler, AZ 85224
4. Ironwood Wealth Management LLC
Ironwood Wealth Management LLC is a financial advisory firm that believes in providing comprehensive, personalized financial planning services to help clients achieve their financial goals. The company was founded in 2006 by a team of professionals who were dissatisfied with the status quo in the financial planning industry.
Ironwood Wealth Management focuses on providing a unique, tailored approach to each client’s financial needs. The company offers various financial planning services, including portfolio management, small business planning, tax, accounting, and payroll services.
Ironwood Wealth Management believes in a holistic approach to financial management, considering all aspects of a client’s financial situation, including personal and business finances. This personalized approach helps clients make informed decisions aligning with their financial goals.
Ironwood Wealth Management LLC
3100 W Ray Rd Suite 301,
Chandler, AZ 85226
5. Raymond James Financial Services
Raymond James Financial Services is a premier financial planning firm that understands the importance of personalized advice and guidance. Its philosophy is centered on the idea that financial planning should encompass more than just asset allocation. It’s about creating a holistic plan that covers all aspects of a client’s life, including managing the ups and downs that come with it.
The firm believes that every individual has unique circumstances and therefore requires a unique approach to financial planning. Raymond James Financial Services offers a team approach to financial planning that provides a broader scope of expertise than what clients will likely find in any one person. Its team of professionals puts clients’ needs first, working hard to understand their unique situation and create an individual plan that provides a roadmap for their financial journey.
Raymond James Financial Services offers a wide range of services, including alternative investments, banking and lending solutions, business planning, corporate retirement plan consulting, estate planning, charitable giving, and trust management.
They also provide financial planning, fixed-income services, institutional consulting, investment banking, investment strategies, longevity planning, monetization services, portfolio management, retirement planning, and risk management.
Raymond James Financial Services
5505 W Chandler Blvd Ste 3,
Chandler, AZ 85226
6. Modernize Wealth
Modernize Wealth is a leading wealth management company that offers innovative and integrated financial solutions to businesses, families, and legacies. The company focuses on creating generational wealth for its clients, which requires a financial strategy that integrates personal and professional finances.
Modernize Wealth offers proactive solutions to help business owners create synergistic personal and business financial plans. The company’s mission is to help its clients make their success their legacy.
Modernize Wealth is a unique blend of experience and youthful innovation. The company’s multi-generational, family-owned business model is the cornerstone of its success. Founded by John Hebert and managed by his sons, Brandon and Jeff, Modernize Wealth clients get three experts, not just one, who are fully invested in their success.
3075 W Ray Rd Suite 103,
Chandler, AZ 85226
7. Wealthnest Tax Services
Wealthnest Tax Services is not your average tax preparation firm. Founded with the belief that the tax industry needed a fresh approach, the company has built a reputation for being more thoughtful, unconventional, and innovative. Its team of tax professionals takes a personalized approach to their client’s needs, and their year-round accessibility ensures that clients always have access to the support they need.
Unlike many other tax professionals who only focus on basic filing strategies and deductions during tax season, the team at Wealthnest Tax Services takes an integrated approach to tax planning. Using a client’s financial plan as a guide, they employ a wide range of tax planning strategies to help minimize the taxes owed and keep more of what clients have earned.
Wealthnest Tax Services offers a range of expertise, including personal tax preparation, tax planning, estate settlement, business tax services, corporate structure, and fiduciary taxes.
Wealthnest Tax Services
5720 W Chandler Blvd #4,
Chandler, AZ 85226
8. Heritage Financial Strategies
Heritage Financial Strategies is a team of passionate financial professionals who take pride in positively impacting the lives of their clients. The team believes in balancing work and play and encourages their clients to get to know them better.
At Heritage Financial Strategies, the focus is on financial planning and investment management. It provides knowledgeable and independent guidance, as they are independent fiduciaries who aim to help their clients secure their financial future.
With more than 30 years of experience in the financial industry, the team at Heritage Financial Strategies knows how to help people feel good about their finances. They offer a complimentary consultation to anyone who wants to learn more about their services.
Heritage Financial Strategies
323 S Gilbert Road, Ste. 111
Gilbert, AZ, 85296
9. Saturn Wealth
Saturn Wealth is dedicated to turning a financial vision into reality. Its team of honest and hardworking professionals prioritize clients’ financial goals and work tirelessly to help accomplish them.
Saturn Wealth is not tied to any specific product or company as an independent financial services firm. Instead, it works with each client to identify the best solutions for their unique goals and objectives.
Saturn Wealth also values low-cost, low-fee options that may reduce your tax burden and enhance your retirement position. Saturn Wealth’s unique “RING Retirement System” takes each client through three stages of investing: the Accumulation Phase, Preservation Phase, and Distribution Phase.
1166 East Warner Road, Suite 213
Gilbert, AZ 85296
10. Southwest Premium Advisors
Southwest Premium Advisors is a trusted and independent insurance agency committed to providing its clients’ with personalized service, expert advice, and superior financial products. The company’s mission is to protect the wealth of its members and develop lasting relationships within the community.
Southwest Premium Advisors was founded in 2015 to serve clients’ needs by providing the information and advice necessary to purchase verified, quality insurance products.
Southwest Premium Advisors is dedicated to being an all-in-one insurance management agency, helping clients find insurance products that benefit them, their families, and their businesses. The company has partnered with top-rated insurance companies to provide access to the highest quality products, ensuring clients’ legacies last for generations.
The company offers a wide range of insurance products, including life insurance, annuities, health insurance, auto insurance, long-term care, homeowners insurance, disability insurance, and business insurance.
Southwest Premium Advisors
1736 W Kaibab Dr,
Chandler, AZ 85248
Phone: (480) 442-5430
The team providing this Top Ten financial advisors in Chandler list believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.
We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.
We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Chandler. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Chandler area.
No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.
Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.
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