HCR Wealth Advisors Review 2020Getting guidance from the professional financial experts such as HCR Wealth Advisors can be helpful for you in achieving your long-term financial goals. The firm's team in Los Angeles has a number of certifications, including five certified financial planners (CFPs), two chartered financial consultants (ChFCs), two chartered life underwriters (CLUs) and one retirement income certified professional (RICP).
His entrepreneurial acumen has steered the phenomenal growth of the company over the last 20+ years, from a two-person, family operated financial services boutique to a multi-faceted, SEC Registered Investment Advisory firm whose client investment portfolios total close to a billion dollars.
Unlike professionals who bill by the hour, HCR Wealth aims to deliver the best possible service to its clients, while simultaneously offering informed advice, all for an annual fee that is calculated based on the amount of client assets under management, regardless of the amount of service a any particular client may require.
Jeremy Joseph Drake, an ex-HCR Wealth Advisors financial adviser, has agreed to a consent judgment in the US Securities and Exchange Commission 's case against him in which he admits that he defrauded a pro athlete and his wife of $1.2M while misleading them about how much he was actually charging them to manage about $35M of their money.
The nature of the business of HCR Wealth Advisors is not a money manager, but a personal wealth advisor The financial firm will not seek just gains on the market, hoping to pick outperforming products. This firm can provide people with more information about how life insurance works and how it will help them secure the financial future of their families.
At HCR Wealth Advisors , a number of different types of clients are able to get the financial advice and guidance they need to make the best decisions for themselves and their families. From late 2012 to July 2016, Drake defrauded a married couple and two other HCR clients out of about $1.2 million in management fees, of which he received about $900,000 as incentive-based compensation from HCR.
The strategy has been successful for HCR Wealth Advisors, with an estimated 95% client retention rate, as some customers stay with the financial firm for years, and some even for decades. HCR Wealth Advisors was founded in 1988. Drake, 41, of Los Angeles, worked as a registered investment advisor representative with HCR from March 2009 until early July 2016, when HCR terminated him for misconduct concerning the client accounts.
Mission: Our mission at HCR is to establish life-long relationships with our clients through education, trust, communication and most of all, service. Life insurance allows you to put money aside to help your family with final expenses. There are two types of life insurance available Term life insurance provides income within a specific period of time.
During this time, HCR collected about $1.5 million in management fees from the couple - about $1.2 million more than Drake said they were paying. It has a small group of 17 employees, nine of whom are financial HCR Wealth Advisors Los Angeles, California. advisors. We've recently invested heavily in upgrading our information systems, the two most valuable would have to be our CRM system (Junxure Cloud) and our financial planning system (eMoney).