Best Financial Advisors in Santa Monica

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
90+
Advisors
4.7/5.0
Average Rating

Santa Monica Financial Landscape

Santa Monica's economy is driven by tourism, technology, and entertainment, making it a key player in the Los Angeles metropolitan area. The city boasts a high quality of life with a diverse population and robust job market.

Major industries
Tourism, Technology, Entertainment
Population
92.5K (metro: 13.1M)
Median household income
$85,000
Unique needs
Santa Monica requires a focus on sustainable development, affordable housing, and resilience against natural disasters.
Market Insights
Economic Growth
According to BEA (2023), Santa Monica's economy has seen a 4% growth rate, driven by tech and tourism sectors.
Wealth Demographics
According to Census (2023), the median income in Santa Monica is $85,000, reflecting a high standard of living.
Advisor Specializations
Based on BLS (2023), financial advisors in Santa Monica are increasingly specializing in tech investments and real estate.
Local Considerations
Cost of Living
According to BLS (2024), Santa Monica's cost of living is 30% higher than the national average, driven by housing and services.
Real Estate Market
According to Zillow (2024), Santa Monica's real estate market remains competitive, with median home prices around $1.5 million.
Business Environment
According to Fortune (2024), Santa Monica is recognized for its supportive business climate, particularly for startups and tech firms.

Top 5 Financial Advisors in Santa Monica

WINDFALL FINANCIAL ADVISORS, Fee-Only, Fiduciary
★ ★ ★ ★ ★ 5
WellAcre Global Wealth Advisors | Certified Financial Planner Santa Monica, CA
★ ★ ★ ★ ★ 5
Angeles Investment Advisors
★ ★ ★ ★ ★ 5
Provident Financial Management
★ ★ ★ ★ ★ 5
Abacus Wealth Partners
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Santa Monica, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Santa Monica-Specific Expertise
For Santa Monica residents working in Tourism, Technology, Entertainment, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Santa Monica's tech and tourism reliance poses economic risks; housing market volatility and coastal flooding are concerns. Diversify investments to mitigate these risks.

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