How can you tell the difference between the 300,000 people in the United States who offer financial advice for a living?
Here are specific ways we separate ourselves from the crowd:
Independent and Transparent
Over half of ‘financial advisors’ work as stockbrokers or sales agents for a bank, brokerage or insurance company. However, Pacific Capital is independent and privately owned. We draw from the research and resources of large Wall Street firms without pressure to sell you their products. Our independence from corporate bias and sales quotas is a direct benefit to you because our advice and costs are transparent.
Most advisors get paid commissions from investment transactions and get incentives with higher commissions to sell products from their company’s preferred menu. Conversely, Pacific Capital earns a flat rate for our financial advice and wealth management services and you don't pay us commissions for investment trades or transactions. Our wealth advice is objective, transparent and aimed to protect and grow your net worth rather than reach a year-end bonus or sales quota.
Financial Life InspectionTM
A Financial Life Inspection™ is a comprehensive analysis of your personal finances. Our team of professionals at Pacific Capital reviews 100 important financial questions for you. When the analysis is complete, you receive a comprehensive financial report with results on each financial checkpoint along with recommendations for the areas that need attention. You then have the opportunity to thoroughly review the FLI Report™ with our Director of Financial Planning to discuss the findings of the report. You can take comfort knowing that our advice and recommendations aren't made until after we understand your financial goals and concerns and have completed your Financial Life Inspection™.
Pacific Capital utilizes a secure, online portal to store and protect your most important financial documents. Access to these records is not only convenient for you, but it may also allow your designated family members to obtain the information they need should something happen to you. Pacific Capital also has a comprehensive business continuity plan and cyber security plan to help protect your information and keep business running smoothly in the event of an emergency.
Social Security Experts
As of mid-2017, fewer than 30 Financial Advisors in the state of California are certified National Social Security Advisors®. Not surprisingly, many people miss out on tens or hundreds of thousands of dollars by not understanding and properly claiming their Social Security income benefits. One of those 30 certified Social Security experts works here at Pacific Capital and will help guide you to maximizing your retirement income.
Fewer Clients, Wealthier Clients
Most advisors work individually with between 500 and 1,000 clients without regard to portfolio size. Pacific Capital limits full-time portfolio management services to an exclusive list of high-net-worth clients with a minimum of $1 million to invest. We understand the complex needs of wealthy clients and are able to give personal attention to each family we serve. If your assets are not yet at that level, we are still able to offer you financial planning and investment recommendations (through your Financial Life Inspection™) without you transferring your portfolio into our management.
Most advisors invest your money without addressing strategies for your liquidity and borrowing needs. Pacific Capital helps clients manage both sides of the balance sheet by coordinating personal and business lending to make a positive impact to their bottom line. Your Financial Life Inspection™ thoroughly addresses how to best handle your liabilities. You directly benefit from having wealth management advice that considers your entire balance sheet and income statement and makes consideration for your liquidity needs.
Benchmark the Beach House
Many advisors lure new potential clients with promises of high and unrealistic investment returns. We define “successful investment results” as achieving your financial and life goals. Our recommendations are professional and realistic and we ask the tough questions to consider all possible outcomes that you might face. Each client is unique and our objectives go beyond just “beating the market.” Your Financial Life Inspection™ will tell you the probabilities of success in a variety of economic environments and downturns.
Goal Based Planning
Many advisors focus on collecting new customers to sell them a predetermined investment product. Pacific Capital serves you as a consulting team using a goal-oriented process with consistent client reviews and service outreach. We are typically the first phone call when you have an important financial decision to make. We are relationship-based rather than product-based and become an essential partner in planning for and making your important life decisions.
Boutique Personal Service
Bureaucracy and competing interests at shareholder-owned megabanks erode the personal service experience that you deserve. Pacific Capital gives you a Ritz-Carlton service experience with Fed-Ex efficiency alongside the stability of a world-class custodian firm in Charles Schwab Institutional. While we do not work for Charles Schwab, we appreciate the client-centered service approach, the safe custody of assets, and the low pricing we can offer you through Schwab.