Are Financial Advisors in San Diego Worth It? Talk to Jason Groth!

Stunning view of San Diego at night.

Financial advisors in San Diego have the knowledge and experience to help guide you toward your financial goals given your income and financial situation. They will look at your specific situation and your goals to give you a personalized plan. They can help reduce your taxes and maximize your savings so that you can retire more comfortably.

In summary, here is what you can expect from a financial advisor in San Diego:

1. The advisor will talk to you face to face to understand your goals and concerns.
2. He or she will give you a thorough plan that meets your needs. The plan may include retirement planning, investing, reducing taxes, insurance, and other areas.
3. He or she will be your Sherpa or guide as you encounter new problems in your life.
4. He or she can help you with investments, insurance, and loans you are considering.
5. He or she will monitor the progress on your goals
6. He or she will make proactive recommendations when necessary.
7. The advisor will make sure all fees and expenses are transparent.

Many sources have found through various studies that working with a financial advisor can add 1.5 to four (4) percent to the growth of your portfolio over time. You will want to make sure your advisor is a fiduciary.

Duty of Care and Duty of Loyalty

Duty of care: The fiduciary duty of care incorporates suitability analysis with a heightened level of diligence.  The San Diego financial advisor must know the client and the client’s needs.  The advisor’s analysis must support the recommendation as being in the best interest of the client.

Duty of loyalty: The fiduciary duty of care requires the advisor to be focused on the client’s best interest and not any interest of the advisor.  There must be no conflict of interest.  A major source of conflict comes from commissioned products where a commission differential between products might be considered an improper incentive for an advisor to recommend a strategy and must be avoided at all times. Jason Groth of San Diego is a strong believer in loyalty.

Get a Consultation in San Diego with Jason Groth

You will need to review the fee structure and track-record of the financial advisor you are considering. Potentially, the right wealth advisor can save you substantially more than what you pay, and can also bring you peace of mind as you will worry less about an uncertain financial future. In San Diego, Jason Groth of Safe Harbor Solutions helps his clients navigate the complex world of finance to help them build and protect their savings.