Retirement Planners Near Me

This is doubly necessary if you have a large investment portfolio of $10 million and above. With over three decades of experience managing the investment portfolios and wealth of affluent clients, Pillar Wealth Management LLC understands the unique demands of financial planning for ultra-high-net-worth clients.

Suppose you need additional assistance in preparing a financial plan to manage your investment portfolio. In that case, you can schedule a free no-obligation consultation call with the co-founders of Pillar Wealth Management, Chris Snyder and Hutch Ashoo.

In this article, we examine what a financial planner does and how they can help you manage your complex financial situation. Pillar Wealth Management is a financial planning firm that manages the wealth and investment portfolios of affluent individuals with $5 million to $500 million in liquid assets.

5 of the Best Financial Advisors for 2023

1. Vanguard Personal Advisor Services

The Vanguard Group was founded in 1975 and has its headquarters in Malvern, PA. It has $7.2 trillion in assets under management.

Vanguard Personal Advisor Services is based on the client's goals, providing personalized advice. Vanguard offers education, investment tools, and market insights. The firm launched a digital advisor for 100% online investment management in 2020.

Vanguard is well-known for its mutual funds and ETFs, whose expense ratios are 82% less than the industry average.

2. Facet    

Facet Wealth, founded in 2016, is based in Baltimore, MD. The firm works exclusively with individuals and has over $1 billion in assets under management.

At Facet Wealth, you're assigned a dedicated CFP, who is necessarily a fiduciary advisor, to establish a financial plan. Your advisor is available whenever you need help, advice, or information.

3. Harness Wealth

Based on your profile, Harness Wealth's technology will recommend advisors for tax, financial, or estate services.

The Harness vetting process considers the advisor's expertise, customer service, fiduciary status, and data security.

The Harness marketplace covers the core pillars of financial strategies, such as wealth management, tax advice, equity services, and trust and estate planning.

Harness offers standalone financial planning starting at $1,200, using a vetted CFP.

4. Zoe Financial

Zoe Financial wants to help you grow your wealth. Zoe evaluates financial advisors so you don't have to. They select only advisors with CFP, CFA, or CPA designations. Moreover, a Zoe advisor has at least five years of relevant experience.

A Zoe advisor must be unbiased and charge reasonable fees. Advisors are assessed on their knowledge and the client experience they offer.

Zoe claims to select only the top 5% of advisors.

5. Personal Capital   

Personal Capital was founded in 2009 and has its headquarters in Redwood Shores, CA. The firm serves affluent individuals, but anyone can use the platform to build wealth.

Personal capital provides both digital wealth management and traditional advisory services. It has more than 3 million users and more than $20 billion in assets under management. Fees range from 0.49% to 0.89% of asset value—no hidden fees, no commissions.

What is a normal fee for a financial planner?

The fee charged by a financial planner for investment management is usually a percentage of the value of the assets in the client’s account, managed by the planner, averaging around 1%.

Which type of financial planner is best?

The best type of financial planner is one who is a fiduciary always acting in the best interests of the client, does not accept commissions, and is committed to achieving the client’s goals.

What is the difference between a financial advisor and a financial planner?

Financial advisors are usually most skilled in investment management, while planners prefer to work on a financial plan that encompasses all aspects of the client’s finances.

Is it worth paying for a financial planner?

Having a financial planner on your side can boost your confidence, increase your understanding of how to achieve your financial goals, and motivate you to work hard to reach them.

What are the pros and cons of a financial planner?

A financial planner creates a financial plan that allows the client to reach their goals. Of course, creating and implementing a financial plan isn’t free, and some planners are better than others.

What are some things to avoid when looking for a financial planner?

Look out for planners who are not completely open and honest about their fees; try to avoid planners who accept commissions, are not true fiduciaries, or do not provide all the services you need.

What are the three types of financial planners?

Financial planners may be accountants, insurance agents, brokers, debt counselors, or investment advisors.

What are the 7 steps of financial planning?

The seven steps of financial planning cover income and expense analysis, investment, risk management, insurance, income tax, retirement, and estate planning.

What are the 3 most important factors in personal financial planning?

The framework for personal financial planning depends on various important factors, such as family background, age, marital status, health, and employment history.

What is the first and most important step of financial planning?

Creating a financial plan that will help you reach your financial goals requires that your goals are clear. So, defining those goals is the first and most important step.

How to Find “Good Retirement Planners Near Me”

1. Evaluate Your Objectives

Different financial planners offer different services, although some may have a specialty, such as retirement planning. Some may have more experience working with certain types of customers, such as high-net-worth individuals. So, it's important to define your goals and objectives before beginning your search for a financial advisor or planner. Determine what services you need.

It may be that you simply need help with selecting investments, planning for retirement, or filing your taxes. You may be concerned about saving money and staying on a budget. If you have retirement accounts, you may wonder how long your money will last once you start making withdrawals.

2. Select Planners That Meet Your Requirements

Start by looking online. Many websites can help you find a certified financial planner (CFP) to work with remotely, or if you prefer a face-to-face meeting, your search engine will provide some names. To find CFPs, you can use the CFP Board website or Brokercheck on the FINRA website. Another good site is NAPFA, the National Association of Personal Financial Advisors. Create a shortlist.

You can ask around in your network of friends, family members, and co-workers, where someone you know may be working with a certified financial planner (CFP), and they are satisfied with the result.

3. Determine the Costs

It's critical to understand the fee structure and what fees you'll have to pay a financial advisor for the services you need.

You may want to consult with a financial advisor who holds certain designations and operates on a fee-only basis. Engaging a financial advisor who follows a fee-only model ensures that their compensation is solely derived from the fees paid by you, eliminating any conflicts of interest.

Fee-only advisors charge a fee based on the value of the assets that they manage for you, usually a percentage. This fee varies depending on the asset management services provided and the size of the portfolio, so the advisor may require a minimum amount to manage the assets.

Fees may be lower for high-net-worth portfolios. Planners may also charge an hourly rate for some services or a monthly or annual retainer.

4. Screen the Prospects 

For each planner on your shortlist, you should validate their credentials, which you can do by going to the relevant website (CPF board, FINRA). Also, the SEC keeps track of regulatory violations. Set up an initial conversation with any candidates that appeal to you. At your first meeting, be prepared to discuss your financial situation and personal details.

At the same time, you can ask questions about the advisor and the services they provide to determine what they can do to help you reach your goals. You will know if they are someone with whom you can build a long-term, trusting relationship.

How Can the “Best Financial Planner Near Me” Help You?

Let's first establish how important financial planning is. Imagine you want to build a house, what is the first thing you must do? Plan, of course. If you can draft a good plan for your house project, your chances of success when building the house are much higher. This is because you can easily spot mistakes and problem areas long before they manifest and become problems.

Now, imagine that your financial fortune is a house that you are building. Financial planning and advice are vital to the success of that building. Without a financial plan, you are more likely to make costly mistakes. And most of these mistakes are usually disguised as good decisions but will eventually come back to cause problems.Financial Planners will help you with their comprehensive advice and planning to solve financial problems and help their clients achieve their financial goals.

Why do you need financial advisors to help you meet your financial goals?

Answer: Because they provide investment management, retirement planning, estate planning, and other financial services, that is, the financial expertise you need. Not all affluent individuals or families are familiar with financial management services, like retirement planning, as they often lack the time to acquire that knowledge. But financial advisors have the expertise required to solve financial problems, which makes them the right choice for helping affluent individuals manage their finances and grow their wealth.

As an ultra-net-worth individual, you can afford to splurge on luxury products; you can probably afford a private jet or yacht, and a new car every year. But if your expenses are not thoughtfully controlled, especially in the case of high net worth, your wealth may not grow as much as you need for that lifestyle. This can affect your long-term situation, such as your ability to have the same lifestyle during retirement or sending your kids to the best colleges.

Financial planning is critical to achieving your financial goals. As an affluent individual, you may find it difficult to manage your finances on your own. However, help is not far away. Consider scheduling a free consultation call with the co-founders of Pillar Wealth Management, Hutch Ashoo, and Chris Snyder, who provide customized financial planning and investment management to help their clients.

Let’s look at how a financial planner can help you plan for your financial future.

Set Financial Goals

The first step to creating a financial plan is to establish your goals. What do you want to achieve? Your goals will depend on your financial situation and lifestyle. If you are relatively young and married, your goals will revolve around raising kids, planning for your dream home, building your investment portfolio, and planning generational wealth so your grandkids will never have to worry. Seeking guidance from a financial advisor can assist you in navigating these important decisions and creating a comprehensive financial plan.

In addition to setting your goals, you need to set priorities, such as focusing on retirement planning or eliminating debt, paying off a mortgage, or buying insurance. This information is factored into your financial plan.

If you are still in your prime working years, you can afford to take on more financial risk. If you are much older, your mission might tilt toward leaving an inheritance for your children, securing a retirement portfolio, or ensuring that all your debts are paid. Working with financial advisors allows you to structure retirement planning, investment management, and financial planning appropriately.

Create Milestones for your goals

Once you identify your goals, your advisor can help you set milestones to track your progress. If you would like professional help with setting your objectives, you can schedule a free consultation with the co-founders of Pillar Wealth Management, Chris Snyder and Hutch Ashoo.

Your financial advisor or financial planner will help you achieve your financial goals by adhering to a carefully crafted financial plan. For example, your plan can provide a roadmap for ensuring that you have the income you need to maintain the lifestyle you want until you retire, and beyond, or save enough money to finance your children’s education.

The right financial plan for you can make it easier to achieve success. Suppose that you want to have $1,000,000 saved for your kids' college education. You can choose a low-risk investment with an annual interest rate of 5%. At that rate, you need to save about $3,000 per month for 19 years to accumulate a little over $1,000,000. While $1,000,000 might seem like a lot, saving $3,000 a month is an easier task to accomplish. A financial planner can provide you with the best possible financial advice to achieve your goal.

It’s important, for any affluent individual, to find financial advisors that suit their unique financial needs. To help you find the best financial planner possible, request our free guide, The Ultimate Guide to Choosing the Best Financial Advisor: For Investors with $5 Million to $500 Million in Liquid Assets. Our team at Pillar Wealth Management provides this resource to help you find the right financial advisor.

Help Manage Your Spending

Reaching your financial planning and investment goals will involve a lot of fiscal discipline. You need to be careful about how much you spend and what you spend it on. Even as an affluent individual, you need discipline in your spending, an area in which your financial planner can work with you. They can help you track your expenditures to determine where you can cut back and save more.

Tracking your expenses with an app or a spreadsheet (or even a paper-and-pencil log) can be an eye-opening exercise. It allows you to have an accurate picture of your financial situation and your cash flow so you know exactly where your money goes. In case you're finding it hard to manage your spending and your wealth, the team at Pillar Wealth Management has put together a book titled, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates: Strategies for Families Worth $25 Million to $500 Million. This book will help you manage your investment portfolio and protect your wealth.

Types of Financial Planners

A financial planner or financial advisor assists clients with their finances. They can help you create a comprehensive plan that will chart out a path to achieving your financial goals. A financial planner's job is to consider all aspects of your financial situation and build a holistic financial plan including strategies to achieve those goals. Anyone who doesn't have enough time or the inclination to think about financial planning can benefit from professional help with budgeting, money management, retirement planning, and other financial services.

Clients and their advisors need to have a good relationship to be able to build a comprehensive financial plan that meets the needs of the client. Every client has a list of areas in which there is a need for improvement. The advisor wants to understand the client’s financial problems, find their solution, and improve the client’s financial situation so they can achieve their financial dreams. This will include selecting the best investments, managing tax liability, and using insurance products to secure your financial future.

Investment Brokers

However, a general financial planner is probably not the best option for the affluent investor with an investment portfolio of $10 million or higher. This is because a general financial planner may not be able to implement the strategies in your financial plan as effectively as possible. Many financial planners cannot access the investment vehicles needed to carry out your plan.

This is where an investment broker comes in. Stockbrokers or investment brokers are financial professionals who assist individuals in managing their investment portfolios. A stockbroker is knowledgeable about investment solutions that can help individuals achieve their short and long-term investment goals. They can help individuals build their financial plan and work to create an investment portfolio that aligns with the plan. If you want to improve your portfolio performance, then get a copy of our guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity

The Best Financial Planner Near Me from Pillar Wealth Management

With over 30 years of experience managing wealth for affluent individuals, the best financial planners near me, Pillar Wealth Management, offers financial planning services nationally. They specialize in financial planning for individuals with between $5 million and $500 million in liquid assets. Contact us today to schedule your free consultation call with our co-founders, Hutch Ashoo and Chris Snyder, who will help you decide how best to protect and manage your investments.

Hutch Ashoo

Chris Snyder

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

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