Fee-Only Financial Planning In Los Angeles

Fee-Only Financial Planning and Investment Management Firm In Los Angeles

We are not like everyone else. As a strictly fee-only firm, we don’t earn commissions from financial product sales. In fact we don’t sell any financial products at all. We provide clear and competent financial planning services, focusing on middle-class clients, along with investment management and Integrated Financial services. Although we’re located in Los Angeles, we have clients all over California. Our client’s accounts are held at various custodians such as Schwab or TD Ameritrade, and we manage those investment portfolios using individual securities, mainly publicly traded stocks and bonds. Our mission has been serving our clients, while maintaining our fiduciary responsibility as FEE ONLY FINANCILA PLANNERS; acting on their behalf, as we would for ourselves. We ask you to enjoy the information located here, to visit often for updates, to share what you find valuable with friends, and to contact us as we would like to talk with you.

We offer a FREE initial consultation. Call 1 (818) 884-2549 today for a free, confidential consultation and ask for Fazel Mostashari, Fee only Financial Adviser in Los Angeles.

Fee Only Financial Planner Los Angeles, CA

What Is a Fee-Only Financial Planner?

The first step towards getting financial help is recognizing that you need it. The second step is figuring out exactly why you need help. Do you need help with your retirement savings? Do you want to start investing? Answering those questions will lead you into the third step: finding a financial advisor. This step isn’t easy with so many financial advisors out there. But a good start would be to find yourself a fee-only financial planner.

What Is a Fee-Only Financial Planner?

Fee-only financial planners are exactly what they sound like. They are financial advisors who operate on a fee-only basis. This means that only you, the client, pay the compensation for the advisor’s services.

Fee-only financial planners work according to their fiduciary responsibility, meaning they must act in their client’s best interests. This is made easier and less complicated by their payment structure. Fee-only advisors don’t receive any fees, commission, referral fees, kickbacks or any other hidden forms of compensation.

If you’re wondering about the alternative to fee-only advisors, there are two alternatives. One alternative is a financial planner who is paid by commission. These advisors earn their income based on the products they sell and the accounts they open. In this setup, more of the right transactions equals more money in their pockets. Companies like brokerage firms, insurance companies and mutual funds firms may pay commission fees to these advisors.

The second alternative is a fee-based financial planner. This term is often confused with fee-only planners, but the two types of advisors operate differently. Fee-based advisors charge their clients a fee in addition to collecting commissions.

We offer a FREE initial consultation. Call 1 (818) 884-2549 today for a free, confidential consultation and ask for Fazel Mostashari, Fee only Financial Adviser in Los Angeles.

Benefits of a Fee-Only Financial Planner In Los Angeles

What Is a Fee-Only Financial Planner?

The best part of working with a fee-only financial planner is knowing that they are there to serve your best interests. They are there to help you out with your finances and not their own. Fee-only advisors don’t rely on what they sell to you to make money. They must operate as a fiduciary, guaranteeing they will work for your best interests. They won’t push a product or strategy that doesn’t serve you best financially.

Without any ties to specific companies, fee-only financial planners are free to offer a wider array of solutions to help you reach your goals. On the other hand, commissioned planners tend to limit their suggestions to products that will earn them money. Some are even tied to specific services their company provides, meaning you won’t get the holistic advice of a fee-only planner.

Another benefit is the range of services they can offer without overcharging you. Fee-only advisors tend to charge an hourly rate or a fee based on the service. This means they can help you with as little as one investment or develop a complete financial plan, and you won’t have to overpay. Sometimes, though, a fee-only advisor will charge you a percentage of your assets they manage. In this case, while they should still work in your own interests, they might have a slight incentive to keep your assets high. That way, they continue to earn a solid percentage.

We offer a FREE initial consultation. Call 1 (818) 884-2549 today for a free, confidential consultation and ask for Fazel Mostashari, Fee only Financial Adviser in Los Angeles.

How Much Does a Fee-Only Financial Planner Cost?

Fee-only financial planners charge their clients in a few different ways. The most common method is called “assets under management,” where your planner takes a percentage of the assets they manage.

Another method is to charge an hourly or monthly rate. While this ensures you pay for what you get, sometimes you don’t want to pay for a quick visit or phone call. Other fee-only advisors can charge clients with a flat fee or a fee according to what services they need. These kinds of payment plans allow advisors to work with a “more diverse set of clients and address a more diverse set of financial needs,”

It’s important to note that there are financial planners who work only with high-net-worth clients. This means that they will end up costing more, since they are working with more assets.

The exact cost of a fee-only financial planner will depend on the way they charge their clients, the services you require and your location. More experienced advisors may charge higher fees as well. Generally across the U.S., fee-only financial planners will charge between $150 to $400 an hour and between $1,000 to $3,000 annually.

How to Find a Fee-Only Financial Planner In Los Angeles

What Is a Fee-Only Financial Planner?

When it comes time to find your financial planner, a good place to start is asking your colleagues, friends and family. It’s especially important you ask people who are in the same financial situation as you. That way they can recommend the right kind of advisor.

The Certified Financial Planners Board also has a directory of planners with advisory qualifications. Being a CFP doesn’t guarantee fee-only, but it does guarantee the most educated, experienced and ethical advisors. The CFP Board also provides search tools to help you find an advisor whether you want a fee-only, fee-based or commission-based advisor.

We offer a FREE initial consultation. Call 1 (818) 884-2549 today for a free, confidential consultation and ask for Fazel Mostashari, Fee only Financial Adviser in Los Angeles.

Once you’ve narrowed your list to 10 or so potential advisors, you’ll want to do your homework to find the best fit. If possible, set up an initial meetings before signing a contract. Most planners won’t charge for this. This meeting, a kind of interview, provides an opportunity to ask key questions of your potential advisor. Ask about their experience, education, any criminal background, their specialty, their services and anything else you find relevant. Meeting in person will also give you a good sense of how you and the advisor would work together.

The Takeaway

Before you get overwhelmed with your financial planner search, it’s a good idea to start with the fee-only planners. That way, you have a guarantee the advisors you begin with will already have a fiduciary responsibility. You also know that they won’t have any incentives to sell you a product or service for their own gain. Fee-only financial planners offer the most upfront payment method of financial advisors. Getting good financial advice may seem expensive, but it will be worth it when your finances are successfully managed and planned.

Before you dive into the directory looking for a financial advisor, you’ll need to determine what it is you want from an advisor. Are you ready to get into investing? Do you want the advisor to manage your investments for you? Do you need help creating a budget?

When you’ve pinned down what you need, you can start your search. Again, you might want to start by looking at fee-only financial advisors, since they are guaranteed to act as a fiduciary and won’t base their services on commissions. You may want to ask friends and family or read reviews to get a better idea of what an advisor should and might offer.

You have more to manage than your wealth.

Our goal is not solely to serve our clients’ needs, but to ensure their wealth serves their needs. We’re a distinctly independent firm offering comprehensive wealth management and investment planning experience in a specialist practice structure. That gives us the flexibility and intellect to position clients for managing life’s milestones – long before they happen.

In building our relationships, we listen, discuss, collaborate, and clarify. We combine that understanding with a thoroughly detailed inventory and analysis of all client assets and financial resources.  This holistic approach allows us to build an effective wealth management plan that shares our client’s vision for success, so they can forget about the financial details and pursue a life well-lived.

Fazel Mostashari

  • Master of Business Taxation, MBT
  • Certified Public Accountant, CPA
  • Personal Financial Specialist, CPA/FFS
  • Certified Financial Planner, CFP
  • Certified Divorce Financial Analyst, CDFA
  • Registered Investment Adviser

Investment Adviser Providing Advice, Analysis and Planning Services such as Investment Plan, Risk Management Plan, Retirement Plan, Tax and Estate Plan, College Planning, Financial Education, Advise & Coaching, and Family Wealth Planning & Preservation.

Fazel Mostashari, a CPA/PFS is more than a financial and investment planner—he is a CPA with the powerful combination of extensive tax expertise and comprehensive knowledge all areas of financial planning such as Investments, Estate Planning, Taxation, and risk and Retirement Planning. This knowledge is critical to obtaining the most valuable, objective advice possible. All areas of personal financial planning and real estate investment and financial planning have tax implications, and the CPA/PFS professional has the experience, ethics, and expertise to get the job done right. PFS is a specialty credential awarded by the American Institute of Certified Public Accountants (AICPA) to CPAs who specialize in helping individuals plan all aspects of their wealth. Fazel Mostashari is a CFP as well.

Fazel Mostashari is a graduate of The Master of Business Taxation (MBT) program, at the University of Southern California, USC, with emphasis in Family Wealth Preservation, Individual and Business Taxation, Property Transactions, Forensic Accounting and financial aspects of Family Law. Fazel Mostashari is a CDFA providing pre-marital and divorce financial planning.

He is further a Chartered Financial Analyst, CFA Level II Candidate. He holds Finra Series 65, 66, 7 licenses and California Life, Health, Fire, Casualty Insurance Licenses. He is a Certified Divorce Financial Analyst, CDFA, and an Enrolled Agent to Practice Before the IRS, EA. FAZEL MOSTASHARI DOES NOT SELL ANY PRODUCTS! As a Fee Only and Independent Registered Investment Adviser, Fazel serves the best interests of his clients.  Fazel has no affiliation with any insurance nor brokerage company.

Next Steps…

We offer a FREE initial consultation. Call 1 (818) 884-2549 today for a free, confidential consultation and ask for Fazel Mostashari, Fee only Financial Adviser in Los Angeles.

https://smartasset.com/financial-advisor/fee-only-financial-planner

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