Financial Advisor in Sacramento, CA

Financial Advisor in Sacramento, CA. Your hard-earned money deserves attention, and you want to be assured about how it's growing and how it's being used. Numerous Sacramento residents do not have the financial literacy to feel sure they're making the optimal decisions with their money, while others are too busy or interest to stay up to date on financial markets along with new laws, regulations, and different events happening around the world. That's when you should consider hiring a reliable, experienced, and knowledgeable financial advisor. A Correct Capital financial advisor in Sacramento, CA will make your money work for you. We use in-depth research along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Sacramento, CA and beyond. Speak to a team member today at 877-930-4015 or contact us through our website to see if Correct Capital is a good fit for you.

Uncertain if you're ready to hire a financial advisor in Sacramento, CA? Explore our process page to discover how easy we make it to ascertain if you're a good fit.

A 2018 study by FINRA revealed that 53 percent of American adults are nervous about their finances. A source of that anxiety is often simply not being sure they're making the right decisions with their money. Once our Sacramento, CA financial advisor team gets to know you, your finances and your financial goals, we'll create a road map to help you achieve them. As a fiduciary and an independent firm, every Correct Capital financial advisor is obligated to act in your best interest and we are not limited in the plans we can put forward. Our financial advisors in Sacramento, CA have certifications that can only be obtained through exhaustive testing and by meeting stringent education requirements.

What Is a Financial Advisor?

A financial advisor is a professional who provides advice on managing personal finances and investments. This role covers a variety of services, from portfolio management and retirement planning to tax planning and estate planning. Financial advisors take a holistic view of your financial situation to suggest strategies that align with your goals, risk tolerance, and time horizon. While technically anyone can call themselves a financial advisor or financial planner, trustworthy and professional advisors will have qualifications from regulatory bodies such as FINRA and the CFP Board that signify their experience and education.

Types of Financial Advisors in Sacramento, CA

Financial advisors can operate under different titles:

• Investment Advisors or Portfolio Managers: These professionals provide advice on securities and oversee investment portfolios. They often work in RIAs and are required to act in a fiduciary capacity, prioritizing their clients' interests above their own. Investment advisors are certified with either the Securities and Exchange Commission (SEC) or state regulators, depending on the amount of investments they manage.
• Broker-Dealers and Brokers: Broker-dealers buy and sell securities like stocks, bonds, and mutual funds on behalf of their clients or for themselves. They must register with the SEC and are generally members of FINRA. The financial products they can sell depend on their specific licenses, such as Series 6 or Series 7. For instance, someone who holds a Series 7 license represents general securities, such as mutual funds and exchange-traded funds (ETFs).
• CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Professionals with the CFP designation have completed rigorous training and adhere to the highest ethical standards, including a fiduciary duty to their customers. CFPs provide a vast spectrum of financial advisory services, ranging from managing debt to retirement planning, and tax optimization strategies. This approach is holistic, aiming to satisfy all aspects of a client's financial life.
• Financial Consultants: This term can apply broadly, but chartered financial consultants (ChFCs) have undergone training similar to CERTIFIED FINANCIAL PLANNER™ Professionals and are also required to hold their clients' interests above their own. They specialize in providing holistic financial advice, encompassing everything from estate planning to retirement strategies, guaranteeing that clients' financial goals are met with the highest ethical standards.
• Financial Coaches: Are dedicated to enhancing clients' financial literacy, assisting with basics such as saving money and creating budgets. They are perfect for clients who don't have the financial resources to hire a financial advisor just yet. Financial coaching delivers a good starting point for managing personal finances wisely, especially for those in the early stages of financial planning.
• Wealth Managers: Cater to high-net-worth individuals, offering extensive services that encompass estate planning, tax assistance, and investment management. They collaborate intimately with their clients to handle complex financial situations and implement wealth preservation strategies. Their expertise is geared towards maximizing the financial health and future of wealthy individuals, ensuring that all investments and planning strategies meet customized advice and solutions.

Each type of financial advisor provides unique expertise and services to the table. At Correct Capital, our group of advisors boasts CFPs and other qualified professionals who uphold the highest standards of fiduciary responsibility and personalized service, guaranteeing that we act only in the best interest of our clients in all of our advice and dealings.

What Does a Financial Advisor Do?

A financial advisor will asses your present finances, pinpoint methods to improve it, and help you realize your future financial goals. Many Sacramento, CA residents frequently immediately think of investing when they consider wealth management services and financial advisors. While that is a essential element of any financial plan, a qualified financial advisor will be able to provide you with comprehensive financial advice that takes into account the entirety of your finances. The following are some of the services your Correct Capital financial advisor in Sacramento, CA will implement to help you achieve your objectives.

• Financial Planning

  Our finances are involved in almost everything we do, from making sure we're set up in retirement, to paying for college, buying and/or selling a house, deciding on insurance policies, and making sure we have enough to eat every night. The best financial advisors in Sacramento, CA offer all-encompassing services and personalized guidance by taking into account your entire financial situation.

• Tax Planning

  Tax considerations play a role almost any time money is exchanged or used. According to the IRS's own data, over 70 percent of Americans overpay in taxes each year. The United States tax code is notoriously complex, yet it provides perfectly legal means to lower your taxes. A reliable and expert Sacramento, CA financial advisor will help you navigate your tax implications with the aim of keeping more money in your pocket.

• Portfolio Management and Asset Management

  Your financial portfolio is the aggregation of your financial assets. They can include equities, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or other investments such as art. A financial advisor in Sacramento, CA will assist to allocate and diversify your assets to mitigate risk and best position your money for long-term success.

• Retirement Planning

  Depending on where you currently are in life and your aspired lifestyle when you hang up your cape, your Sacramento, CA financial advisor will help with tax implications, considering the best age to retire, when to make withdrawals and how much to take out. A financial advisor will aid in creating a budget and strategy for source of income in retirement so you can enjoy your golden years exactly the way you want to.

• 401(k) Services

  We offer 401(k) services to individuals and families as well as Sacramento, CA businesses and business owners. Introducing a 401(k) plan is a great way to keep your best employees and keep them satisfied and happy. Our retirement consultants represent over $218 million in plan assets and numerous of plan participants nationwide. Our Sacramento, CA financial advisor team offers thorough 401(k) planning for companies as well as individualized benefits for their employees.

• 401(k) Rollover

  When moving to a new job, it can be tough to know the best way to deal with the money you've accumulated in a previous Sacramento, CA employer's 401(k) plan. You have multiple options, such as leaving the money in the account it is in now, moving it to a new 401(k), or putting the money in one of a range of IRA accounts. A financial advisor will have the knowledge how to best manage managing your 401(k) funds.

• Generational Wealth Transfers

  You earn your money, and it's normal to desire to leave a legacy and pass on some wealth behind the people you care about the dearly. Wealth transfers are distinct from just leaving gifts behind in estate planning. A financial advisor in Sacramento, CA can best position your money for both your children but for future generations to come, even ones you haven't met yet.

• Fiduciary Advising

  Anyone can call themselves a "financial advisor," so it's imperative to choose one who has earned accreditations and certifications from regulatory bodies such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Sacramento, CA financial advisor at Correct Capital is bound by a "Code of Ethics and Standards of Conduct" to:

1. Act with honesty, integrity, competence, and diligence.
2. Act in the client's best interest.
3. Exercise due care.
4. Avoid conflicts of interest, disclose them when they arise, and manage them in the client's best interest.
5. Maintain confidentiality and protect the privacy of client information.
6. Act in a manner that reflects positively on the financial planning profession and CFP® certification.
• Debt Management

  Financial advisors offer customized debt management plans that focus on consolidating debt, securing lower interest rates if feasible, and prioritizing repayments. The goal is to create a practical path forward that suits your financial situation and goals, eventually leading to financial freedom.

• Budgeting

  Creating and sticking to a budget is crucial to having the financial health and life you want. Financial advisors in Sacramento, CA can help clients grasp your income level, identify areas to spend less, and set realistic spending limits that promote wealth accumulation. By providing resources and strategies for effective budgeting, advisors ensure that clients can satisfy their current financial obligations while also saving for future goals.

When you hire a Sacramento, CA financial advisor at Correct Capital, we start by getting to know you personally and your objectives. We will assess your current income, assets, investments, debts, and expenses. Then we've done that, we'll work in concert with you to ascertain your preferred risk tolerance and how we can best help you grow your money. As an independent advisory firm, our only job is to act in your best interest. There is no restrictions to the services, products, and investment opportunities our financial advisor team can offer you, and we will never try to sell you on something we do not believe in ourselves.

Do I Need to Hire a Financial Advisor in Sacramento, CA?

Seeking the assistance of a financial advisor can be a vital step towards getting the life and financial health you want. While the optimal timing can differ greatly from person to person, certain life events and circumstances often indicate the need for expert financial advice.

• Major Life Transitions: Life is a series of changes, and many of them have substantial financial implications. Whether you're starting a family or facing retirement, these milestones can significantly affect how your money should be used and invested. A financial advisor can guide you manage these changes, ensuring that your financial plan evolves to meet your changing circumstances and goals.
• Lack of Experience, Time, Knowledge, or Desire to Manage Your Finances By Yourself: Managing personal finances can be complex, demanding, and, frankly, overwhelming for many. If you aren't confident to successfully handle your investments, or simply choose to focus your time on other pursuits, a financial advisor can be crucial. They bring expertise and objectivity to your financial decisions, assisting to improve your portfolio, avoid costly mistakes, and set up your investments for sustainable growth.
• Nearing Retirement: Retirement planning is one of the most common reasons individuals seek out financial advice. An advisor can aid you assess your current financial situation, determine your retirement needs, and formulate a plan to ensure you can enjoy your retirement years comfortably. This includes strategies for Social Security benefits, pension management, and withdrawal plans from retirement accounts.
• Complex Financial Products: The financial market offers a wide array of investment options, many of which come with their own complexities. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's expertise can be essential. They can help you comprehend the risks and benefits, ensuring that any investment matches your overall financial strategy and goals.

Questions to Ask a Financial Advisor Before Hiring Them

Trust is essential when you're hiring someone for any service, but particularly so when it comes to your hard-earned money. Beyond just finding a dependable advisor, you need one who ideally suits your needs. It's important to ask the right questions during your initial meetings. Here are key questions to consider:

• What is your experience in the financial advisory field?

  Understanding an advisor's background, including their time spent in the industry, the varieties of clients they've assisted, and their expert areas, can offer you a sense of their proficiency and whether they're well-suited to manage your financial situation.

• What are your qualifications and certifications?

  Ask about any certifications (e.g., CFP®, CFA, ChFC) the advisor has earned. These credentials often require adhering to rigorous education, experience, and ethical standards, demonstrating a high level of expertise and expertise.

• Can you describe your investment philosophy?

  An advisor's investment philosophy should match your risk tolerance and financial goals. Whether they favor a conservative approach with a focus on long-term growth or a more aggressive strategy, their philosophy should resonate with your goals and expectations.

• How do you usually communicate with clients?

  Communication method and regularity are essential to a successful client-advisor relationship. Inquire about how often you'll be able to meet with your advisor, whether they'll be in person or virtual, and how the advisor intends to keep you informed about how your investments are going and if you need any updates to your plan.

• How are you compensated for your services?

  Advisors can be fee-only, commission-based, or a mixture thereof. Understanding how an advisor is compensated will enable you to discern potential conflicts of interest and guarantee that their recommendations are made with your best interests in mind.

• Do you have a fiduciary duty to your clients?

  Confirming that an advisor is a fiduciary is essential. This means they are legally required to put your interests before their own, giving advice that best serves your financial goals and needs.

• What services do you offer beyond investment management?

  Many advisors provide comprehensive financial planning services, including retirement planning, tax strategies, estate planning, and more. Additionally, some financial advisory firms offer more in the way of educational resources and portfolio reviews. Understanding the full scope of services offered can enable you to assess whether the advisor can meet all your financial needs.

• How do you handle conflicts of interest?

  An honest advisor will openly discuss potential conflicts of interest and how they deal with them to ensure they don't negatively impact their clients' financial plans. Fiduciary advisors must reveal conflicts of interest, and are required to manage them in their client's best interest.

Asking these questions will not only offer essential information about the financial advisor's qualifications and approach but also help you gauge whether there is a good personal fit. Remember, a strong relationship with your financial advisor is built on transparency, trust, and mutual understanding.

You can find many of these questions answered on our FAQ page.

How Much Does a Financial Advisor Cost in Sacramento, CA?

In general, there are three common ways for financial advisors to be compensated:

1. Commission-Based: Commission-based advisors make their earnings through commissions on the products they sell, such as other financial products. This fee structure can create a potential conflict of interest, as the advisor might be incentivized to suggest options that generate higher commissions instead of those that are most suited to your financial goals. Commission-based advisors are typically held to the suitability standard as opposed to the fiduciary standard, which means they have to recommend products that can aid in achieving your goals, but not necessarily the ones best suited to your needs.
2. Fee-Only: Fee-only advisors are compensated directly by their clients for the advice and services they provide and do not receive any commissions from product sales. This compensation can take various shapes, including fixed fees assets under management (AUM). This model is frequently regarded as more clear and aligned with the client's best interests, as it reduces conflicts of interest related to product sales.
3. Fee-Based: Advisors with a fee-based approach use a combination of fees paid by the client and commissions from selling financial products. While this model offers a mix of the fee-only and commission-based structures, such advisors typically also have a fiduciary duty, which means that even if they get commission from certain products, they must reveal this to the client and are not allowed to recommend those products unless they sincerely believe they are in the client's best interests.

Correct Capital's Financial Advisory Services in Sacramento, CA

Correct Capital is distinguished in the Sacramento, CA financial advisory landscape for its bespoke approach to wealth management and financial planning. Recognizing that not all clients have the same starting point or identical goals, we offer a variety of service models to our clients in Sacramento, CA:

One-Time Financial Plan (best for validators)

This service model is ideal for those who are seeking the insights and advice a financial advisor can offer without the ongoing management. This service is excellent for individuals who largely feel good about managing their finances but are looking for professional validation to ensure they're on the right track. Our team performs a thorough review of your financial landscape, providing you with a detailed plan that tackles your specific goals, concerns, and growth opportunities.

Subscription (best for collaborators)

Our subscription service is designed for people who value ongoing guidance and advice as their financial situation changes, or when they have specific questions about something related to their finances. This model offers monthly insights from our financial advisors, quarterly meetings, and availability on an as-needed basis. While we will not manage your investments for you, we'll strive to look for opportunities to help you save and grow your wealth.

Wealth Management (best for delegators)

Our wealth management service model is for clients who prefer to hand over the management of their investments and financial planning to professionals. This includes active investment management, strategic financial planning, and forward-looking guidance on a wide range of financial matters — from tax planning and retirement planning to estate considerations and beyond. Our wealth management clients enjoy peace of mind, knowing that every aspect of their financial well-being is being overseen by a dedicated team of professionals dedicated to maximizing their wealth and realizing their financial goals.

Why Choose Correct Capital as Your Sacramento, CA Financial Advisor?

Correct Capital is a leading choice for individuals and families in Sacramento, CA seeking trusted, professional financial guidance. Here's why choosing Correct Capital can make a profound difference in your financial journey:

• We're Fiduciary Advisors: As fiduciaries, we is legally obligated to act in your best interests. This commitment ensures that each piece of advice, each investment recommendation, and each strategic move we make on your behalf is done with your best interests at heart.
• Our I.O.U. Promise: Every piece of guidance we offer is independent, objective, and unbiased. Being independent means we are not tied to any financial institution or product, enabling us the freedom to select the best investments and strategies for you.
• Our Qualifications: We are a Registered Investment Advisor (RIA), which gives us the ability access to a wide variety of investment solutions and research. Our advisor team includes a couple of CERTIFIED FINANCIAL PLANNER™ professionals, an Accredited Investment Fiduciary (AIF®), an Enrolled Agent, and a CPA. Moreover, our retirement consultants and financial portfolio managers boast over 100 years of combined experience.
• Proactivity is Our Approach: Our advisors believe that the most valuable way to create long-term financial security is to anticipate trends and lead, rather than follow. Leveraging in-depth research and analytics, our aim is to craft the most appropriate strategy for your needs.
• Ongoing Education and Resources: We offer at Correct Capital quarterly webinars and workshops aimed at keeping you up-to-date and engaged with your financial health. Our commitment to client education guarantees that you are well-equipped to make informed decisions together with your advisor.

Choosing Correct Capital as your financial advisor in Sacramento, CA means joining forces with a team dedicated to your financial success. Our experience, fiduciary commitment, and custom-tailored approach to financial planning and investment management make us the perfect choice for individuals and families seeking to achieve their financial goals and secure their future.

Other services we offer in Sacramento, CA include:

• High-Net-Worth Wealth Management
• Retirement Planner
• Financial Planning
• Retirement Plan Consultants
• Fiduciary Financial Advisor

Call Correct Capital's Sacramento, CA Financial Advisor Team Today

The decisions you make about your finances and the decisions you make with it are deeply personal. At Correct Capital, we strongly believe in the relationship between an individual, family, or entrepreneur in Sacramento, CA and their financial advisor is based on trust. Dedicating our lives to guiding our clients achieve their financial and personal goals, whether it's sending your children to college or finally achieving the dream of owning that dream car during your retirement years. Contact our Sacramento, CA financial advisor team today at 877-930-4015 or start a conversation with us online to take the first step towards growing your wealth in the manner you desire.

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