BP Fam -
I'm looking for financial advisors who specialize in real estate, private lending, syndications, and other alternative investments. I'm hoping the investors on this platform can point me in the right direction!
I am a broker and investor. As I'm sure is true for many folks here, I don't have a "conventional" financial picture. My income is high but inconsistent. Don't have a W2 with a 401K. Don't currently have kids or dependents, so I'm not super focused on estate planning, retirement, or the typical things that financial planners work on. However, I do have experience investing in real estate (both directly and indirectly), and I have substantial capital that I'm looking to allocate. I am hoping to find an expert that I can build a relationship with and work together on an overall wealth building strategy.
Examples of the kind of "vanilla" advice that I'm NOT looking for:
- Max out your company's retirement match
- Create a diversified, well-balanced portfolio of stocks, bonds, etfs, mutual funds
- Set aside money for college savings
- Pay someone 1% a year to manage a portfolio that will roughly match the stock market, at best
What I AM looking for:
- How to balance capital growth, preservation, and income generation
- Help plan and grow a portfolio that will include direct real estate as well as LP investments, plus other alternatives like notes, private credit, private equity, and... ???
- Help evaluate investment opportunities, vet deal sponsors
- Look at overall portfolio allocation and risk - do I have too much exposure to multifamily? Should I have assets that are not correlated to real estate? etc.
- Introduce new opportunities and new types of investments that I might not even know about
- Ideally, someone who works on a fee or hourly basis, not AUM. Not looking to move all capital to one place for someone else to manage.
The big question: Does this type of professional exist??
I've been doing a lot of research and have reached out to several investment advisors. So far, it seems like most of them fall under the "conventional" category. They either charge AUM or flat fee. But for the most part their business is helping families with relatively stable income who want to set up a safe and diversified portfolio, plan for retirement and college, etc.
Do any real estate investors here have experience with an advisor like what I described above? Is there another category of professionals that I should be looking for (other than CFA, CFP, RIA)? Maybe part of the problem is that when someone holds one of these certifications, their professional standards prevent them from giving advice that would be seen as too "risky?"
I'm located in Southern California, and it would be great to find someone local. But that's not a dealbreaker.
Let me know if anyone can shed light on this, or recommend a rockstar that you have worked with. Thanks in advance!
