HCR Wealth Advisors is an RIA firm that deals with wealth management, committed to developing a strategy to help clients reach their financial goals or even exceed them. HCR Wealth Advisors’ significant concentration is to establish relationships through education and service with all its customers and to create personalized financial strategies for clients. They also educate customers concerning the different strategies of investment.
Operating as independent advisors of wealth, HCR Wealth Advisors has one essential goal, and it is that of serving its customers exceptionally well. Rather than receiving payments to offer particular financial products or being coordinated by a controlling company or brokerage house, HCR Wealth Advisors remains as the independent firm that is client driven in all that it does. Concerning fees, the company is always forthright concerning its rates.
The firm charges one fee based on the amount of assets under management that is comparable to various competitors in the industry. This bright and straightforward rate settles any inquiries regarding whether customers are charged with unexpected or hidden expenses towards the final stages of the year. HCR Wealth Advisors thinks that it is vital to be straightforward in their dealings with the customers since it is the best way to construct stable working associations with them.
HCR Wealth Advisors does not operate as the money manager, but it primarily works as an advisor of wealth. Money managers essentially carry out portfolio allocation, with the objective based on performance, picking bonds and stocks in the expectation that they will beat the market. The fact is, a money manager in many cases can under deliver what they had overpromised. At the point the money manager is unable to perform as expected, the customers become upset and ask the reason why they were told to pay for services not provided as advertised. This model that is based on performance is out of date and does not always serve the client’s needs.
However, HCR Wealth Advisors, as an advisor of wealth, adopts the holistic approach in ensuring they get to understand all its customers, making the firm to be relationship-situated rather than being performance-oriented. By working to know their customers and their financial situation, the firm can help its clients deal with possible events in the future as their goals can change with their financial circumstances.
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