HCR Wealth AdvisorsHCR Wealth Advisors is a leading financial firm in the United States. Whether you are selling or buying a business, going through a divorce, buying real estate or need help with building an investment portfolio, HCR Wealth can help you take care of your finances in a professional manner and adjust anything necessary to help to ensure that you are on the right path to achieving your goals.
Investment company HCR Wealth Advisors ( Current Portfolio ) buys Kellogg Co, Vanguard Extended Duration Treasury ETF, Nexstar Media Group Inc, UnitedHealth Group Inc, Alibaba Group Holding, sells Vanguard High Dividend Yield Index Fund, Apple Inc, ProShares Short S&P500, Microsoft Corp, iShares U.S. Preferred Stock during the 3-months ended 2019Q3, according to the most recent filings of the investment company, HCR Wealth Advisors.
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.
In the second scenario, you give stock from your portfolio with a market value of $50,000. We stand by your side in times of challenge and prosperity, orchestrating every detail and building your financial future. HCR Wealth Advisors is based out of Los Angeles.
HCR's advisors will likely tell you that it's always a good idea to have enough cash and savings on hand to be able to cover expenses, make payments and smart financial decisions, especially in the lead up to a potential recession. The agency claims HCR Wealth Advisors failed to reasonably supervise Drake and failed to implement reasonable compliance-related policies and procedures in response to red flags raised about Drake's handling of client accounts.
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.
There are also services available beyond those three core offerings, including tax management, estate planning and philanthropic planning. The firm believes that different investments provide HCR Wealth Advisors different results depending on the point of the market cycle. If you are looking for other pieces of financial advice, it would be a good idea to contact the team at HCR Wealth Advisors.