Daniel Kerr, CFP | Source | Senior Financial Advisor at Running Point Capital Advisors
Daniel Kerr, CFP
As a senior financial advisor, Daniel Kerr is responsible for managing client relationships as well as supporting the rest of the Running Point team. He specializes in financial planning as well as educating and serving clients with expert recommendations.
Daniel has been in the financial services industry for ten years, all working with registered investment advisor (RIA) firms. These included firms that ranged in size from $100 million to
$2 billion in assets under management. Drawing on that background, Daniel is able to provide personal, tailored advice to clients that utilizes the best processes of both smaller and larger firms.
Prior to Running Point Capital, Daniel was an associate advisor at Mission Wealth; financial advisor, associate advisor, and paraplanner at Moss Adams Wealth Advisors; and a paraplanner at LJCooper Wealth Advisors.
In his spare time, Daniel is often found on a golf course, playing with his daughter, or exploring Ventura’s food and brewery scene with his wife and friends.
-
Running Point Capital Advisors (https://runningpointcapital.com/)
Senior Financial Advisor
started Feb 2020
-
A financial advisor is a professional who helps you--individuals and businesses--make informed decisions about managing your money. They provide guidance on a wide range of financial issues, including investments, insurance, and retirement, tax, and estate planning. Some may specialize in specific areas such as retirement (401(k)s, IRAs, Roth IRAs) or risk management, or provide financial education and budgeting assistance.
Robo-advisors are online platforms that provide automated investment management services; they typically use formulas to create and manage investment portfolios for clients, mostly invest in exchange traded funds (ETFs) and mutual funds, and tend to be light on customized advice. If you want access to or advice regarding private or alternative investments (private equity, private credit, venture capital, hedge funds, secondaries), selling your own business, taking out a loan, or analyzing esoteric investments, you probably may want the services of a high-touch multifamily office or wealth manager.
Traditional in-person advisors typically offer more personalized and nuanced services and can be immensely helpful for life style decisions like funding the purchase of your home or car, or prepping and saving for a child's education. Online-only advisors typically are more self-directed, have lower fees, and are accessible to a wider range of clients, but may hve only limited time to serve you ant thus may not be as responsive to you throughout the year.
Financial advisor fee structures vary, but can include an hourly rate, a flat fee, a commission on products sold, or a percentage of assets under management (AUM). The best fee structure depends on the individual's needs and preferences.
When choosing a financial advisor, it is important to ensure that the advisor is a fiduciary, which means they are required to act in your best interests. You should also consider the advisor's qualifications, experience, fee structure, the team they work with, their approach to financial planning, and the level of personal service they are willing to provide you. Do background checks on them on the internet and consider seeking out advisors that have a Certified Financial Planner (CFP), Certified Divorce Financial Analyst (CDFA), or Chartered Financial Analyst (CFA) designation.
