Are you in search of professional financial advisors in Eau Claire? There are many people in Eau Claire 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 Eau Claire 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.
Parallel to that, in the long run, your financial strength also depends on the economic health of your country, the political climate, and how your financial advisor helps you manage the ups and downs of the market.
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 an Eau Claire business broker, 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 Eau Claire 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 Eau Claire 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 Eau Claire 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 Eau Claire 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 Eau Claire
Do you want to identify that the financial advisors in Eau Claire 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 Eau Claire
After doing thorough research, we have created the below-mentioned list of the top 10 best financial advisors in Eau Claire to help you save time. All of these companies are selected after analyzing their ratings, reviews, experience, services, and professionalism. Have a look:
1. Advisors Management Group, Inc.
Advisors Management Group is a Registered Investment Advisory and financial planning firm that assists your business reach its highest potential.
It aids individuals through investment advisory, tax planning & preparation, best financial planning, and business consulting to make their business progress. It also provides you with business consulting services and accurate financial information to meet your tax and accounting requirements.
As a fiduciary firm, its primary goal is to serve your best interests first while maintaining complete transparency and the best decisions. Advisors Management Group is a non-commission-based advisor. Its suggestions are based merely on working diligently on your business goals and creating solutions for the perfect way to accomplish them.
Established in 1988, Advisors Management Group uses its 30+ years of financial advisory experience to provide the best investment recommendations. With the help of a highly knowledgeable financial team and dedicated staff, it works to assist individuals and small businesses with all aspects of financial decision-making. Its leading and outstanding Association Management Group (AMG) advises you to set and achieve your business goals and grow your investment savings sustainably.
Advisors Management Group, Inc.
1324 West Clairemont Avenue, Suite 1
Eau Claire, WI 54701
2. Investment Management Associates
Investment Management Associates is a financial planning firm that works with people from all walks of life, including business owners, executives, retired people, anyone seeking value, and a range of experiences. For over 25 years, it has provided financial and investment portfolio management to its Chippewa Valley clients.
It is an independent advisory firm helping clients build and preserve their wealth. Investment Management Associates‘ research team creates customized portfolios based on its client’s requirements and demands. In addition to these services, it also offers estate planning, retirement income planning, insurance analysis, and other company retirement plans.
Investment Management Associates is determined to provide its clients with exceptional service that encompasses today’s needs and plans. It employs client-specific financial analysis and is also devoted to giving advice that is both confidential and relevant to your needs.
Investment Management Associates
431 East Clairemont AVE Suite A
Eau Claire, WI 54701
3. Keystone Financial
KeyStone Financial is an investment advisory firm that offers retirees and pre-retirees Medicare, financial advice, life insurance, and tax services. It enables its clients to approach their financial needs and concerns with confidence. It lays the groundwork for its clients’ retirement planning needs by employing a holistic planning approach, i.e. their Retirement Roadmap.
As a Registered Investment Advisor, its services are only provided by duly registered individuals through AE Wealth Management, LLC (AEWM). The professional financial advisors at Keystone Financial create personalized documents and retirement plans (Retirement Roadmaps) using numerous investment and insurance products.
It provides its clients with a personalized path to retirement as well as a customized plan for each client. KeyStone Financial first identifies and comprehends its clients’ financial concerns first and then works accordingly to put them on the path to financial freedom.
4252 Southtowne Drive, Suite D
Eau Claire, WI 54701
4. Buska Retirement Solutions, Inc.
Buska Retirement Solutions Inc is a full-service retirement planning company that assists families in preparing for or retiring comfortably. As a financial advisory firm, it offers a range of financial planning services to Americans. Its financial advice and recommendations are tailored to its client’s investment objectives, desired goals, tolerance for risk, time horizon, and income needs.
Buska Retirement Solutions Inc is a fiduciary firm with core values that incorporate education, governance, transparency, guidance, focus, and business trust. It also helps people reduce their taxes, particularly on Social Security, increase their monthly income, and grow and preserve their retirement.
Buska Retirement Solutions Inc is a Wisconsin Registered Investment Advisor with roots dating back to 1939. It brings over 80 years of industry experience to its clients in the holistic approach to retirement planning.
Buska Retirement Solutions, Inc.
3621 E Hamilton Avenue
Eau Claire, WI 54701
Phone: (715) 318-4540
5. Hasenberg Financial Group
Hasenberg Financial Group is a financial planning and investment services company that helps its clients achieve their financial objectives by providing top-quality services. The firm covers all the areas ranging from debt management, and college savings to retirement.
Founded by Chris in 1994, Hasenberg Financial Group has nearly 20 years of professional experience. With such deep roots in the financial advisory industry, he has assisted clients in achieving their personal financial goals through investment services, tax planning, retirement services, risk management, and estate planning. The company also helps clients with estate preservation and risk management.
Hasenberg Financial Group uses a teamwork approach that broadens its perspective and benefits clients. its highly skilled team of financial professionals assists with Investing principles and strategies. The professionals also educate their clients on proper retirement investment and distribution strategies.
Hasenberg Financial Group
431 East Clairemont Avenue Suite B
Eau Claire, WI 54701
Phone: (715) 839-6566
6. Decades Financial, LLC
Decades Financial, LLC serves individuals who are just starting in business, retirees, near-retirees, and families. It best serves its clients by providing financial planning services that assist them in maximizing and managing their wealth. It also covers investments and retirement planning.
The firm works by learning about its clients’ objectives and priorities, analyzing their financial situation, and developing customized plans tailored to their needs.
One of the financial advisors, Michael Brahmer, has over 15 years of industry experience. He is a Certified Financial Planner. Decades Financial, LLC advises the client during retirement planning to consciously decide what choices now will help increase the likelihood of their retirement becoming what they visualize.
The investment research team at Decades Financial, LLC creates portfolios tailored to its client’s specific needs and expectations. Its financial planning process includes strategies for capitalizing on opportunities while overcoming potential roadblocks.
Decades Financial, LLC
2523 W. Folsom Street, Suite A1
Eau Claire, WI 54703
7. Blue Granite Wealth
Blue Granite Wealth is a financial planning and investment advisory firm that serves many clients, including individuals, families, and businesses. The firm’s industry-leading back-office support and outstanding customer service, blended with award-winning, gives clients investment management, ongoing financial stability, and a broad range of resources and experience.
Since its inception in 1962, it has maintained its culture of independence and tradition of support. Blue Granite Wealth assists its clients in receiving the informed recommendations and personalized, thoughtful advice that they expect and deserve.
Blue Granite Wealth collaborates with its clients to identify the solutions that best meet their needs, then apply its investment knowledge and experience to prepare a strategy that fits their specific situations and goals.
Blue Granite Wealth
4257 Southtowne Dr
Eau Claire, WI 54701-2643
8. Baird Financial Advisors
Baird Financial Advisors is an independent investment and financial services firm that serves individuals, families, and public entities across the United States, as well as corporations and institutions around the world. Baird, founded in 1919 in Milwaukee, Wisconsin, has offered trusted financial advice and services across market cycles and generations.
As the firm is fiduciary, it is obligated to act in the best interests of its clients at all times. Baird Financial Advisors uses its extensive financial knowledge, experience, and resources strategically located in office buildings on three continents, allowing it to serve the client’s specialized needs and assist them in achieving financial goals.
Baird Financial Advisors is an independent firm assisting clients in prioritizing and planning to achieve future goals without compromising on the present. With deep industrial roots, it has been helping clients achieve their goals in various markets since 1919, using its expertise and a solid commitment to lead clients toward a stable financial future.
Baird Financial Advisors
4106 Oakwood Hills Parkway Suite 100
Eau Claire, WI 54701
9. Integrated Wealth Partners
Integrated Wealth Partners is an independent wealth management company that provides financial advice to clients based on their long-term and short-term objectives. It serves clients such as business owners, healthcare professionals, and individuals.
The firm approaches investment choices with theoretical & empirical contributions as well as evidence-based considerations for insurance, taxes, and income sources.
Integrated Wealth Partners is a fiduciary, and when acting in this fiduciary role, it is obligated to work in the client’s best interests. It is not associated with any specific financial company or investment strategy and therefore does not offer proprietary products because it is an independent firm.
Founder Justin Zoromski has more than a decade of professional experience and held positions as the Big Rivers Chapter Chairman of the National Association of Financial and Insurance Advisors. Integrated Wealth Partners can guarantee that its client’s goals and objectives are at the top of every decision, whether tax, legal, insurance, or wealth related, by collaborating with a group of professionals.
Integrated Wealth Partners
2779 South Hastings Way, Suite B
Eau Claire, WI 54703
10. MainStreet Capital Management
MainStreet Capital Management is an independent, registered firm that offers financial planning, insurance, and investment planning. In addition, it offers retirement planning, investment portfolio analysis, yearly basis portfolio review, estate planning, and long-term care.
The roots of the company date back to 1991, when its founder and President, Steve Flaten, started his career in the financial services industry. It now has grown into a professional and experienced financial services firm. The team of dedicated professionals at MainStreet Capital Management is always ready to assist you in making your financial objectives a reality.
MainStreet Capital Management assists clients in achieving their retirement objectives by providing them with the required guidance. Besides that, it facilitates its clients in doing the same through a customized investment strategy. It provides more than just retirement services, such as well-structured insurance strategies and personal affairs management.
MainSreet Capital Management
601 S. Farwell Street Suite A
Eau Claire, WI 54701
Phone: (715) 834-9111
The team providing this Top Ten financial advisors in Eau Claire 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 Eau Claire. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Eau Claire 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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