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Can You Really Afford a Financial Advisor? Here’s the Truth
- Leyder "Aiden" Murillo, CFP®, SE-AWMA®, AWMA®, MBA
- May 8
- 12 min read
Updated: 6 days ago
Think Financial Advisors Are Only for the Rich? Let’s Set the Record Straight
As a fee-only financial advisor based in Denver and Los Angeles, I hear it all the time: “I’d love financial advice, but I’m not rich enough to work with someone like you.” That belief couldn’t be further from the truth. Whether you’re just starting out, building your career, or navigating a major life change, professional financial guidance should be accessible, not reserved for the ultra-wealthy. At Wolfpack Wealth Management, I work with clients both locally in Denver and L.A. and nationwide through virtual meetings to help them take control of their financial lives, regardless of their income or net worth. If you’ve ever wondered whether you can actually afford a financial advisor, I wrote this article for you.
Table of Contents
What Does a Financial Advisor Do?
If you’ve found yourself asking, “What does a financial advisor do in 2025?”—you’re not alone. The role of a financial advisor has evolved far beyond just picking investments or managing portfolios. Today, we serve as strategic partners, financial coaches, accountability allies, and long-term guides, helping individuals and families make smarter decisions with their money.
As a fee-only financial advisor in Denver and Los Angeles (and virtually across the U.S.), I’ve seen firsthand how the right guidance can empower someone to make confident financial moves, from building a debt-free life to retiring on their terms.
Here’s a closer look at how I—and many modern financial advisors—support clients in 2025:
Comprehensive Financial Planning: It’s not just about money in, money out. We help create a financial roadmap tailored to your values and goals—whether that’s homeownership, early retirement, starting a business, or traveling the world.
Retirement Income Planning: Especially in uncertain markets, knowing how to draw down retirement assets wisely is crucial. We build strategies that balance tax efficiency, longevity, and lifestyle.
Digital Tools & Convenience: You don’t need to drive across town for meetings anymore. I use secure virtual platforms to serve clients nationwide, making financial planning flexible and accessible.
Financial Coaching & Behavior Guidance: Sticking to a plan can be tough. I work as a coach to help clients stay focused, adjust when life changes, and make informed decisions—even when emotions get in the way.
Fiduciary Responsibility: As a CERTIFIED FINANCIAL PLANNER® professional, I act as a fiduciary 100% of the time, which means I’m legally and ethically committed to putting your best interest first. No sales commissions. No hidden agendas. You can view my verified CFP® credentials.
Specialized Advice: From young professionals navigating student loans to small business owners building long-term wealth to student-athletes getting drafted when going professional, financial advisors like me specialize in personalized strategies that fit your life—not a cookie-cutter model.
The bottom line? A financial advisor in 2025 is your go-to partner for financial clarity, structure, and peace of mind—whether you’re just getting started or already have significant assets to manage.
Debunking the Myths: Do You Really Need One?
When it comes to myths about financial advisors, misinformation runs rampant—and unfortunately, it often stops people from getting the help they genuinely need. Let’s break down four of the most common myths that keep individuals, couples, and even business owners from partnering with a financial advisor.
Want to explore more misconceptions that might be holding you back from getting the guidance you deserve? Check out this in-depth breakdown of the common myths of working with a financial advisor and learn how to move past them with confidence.
Myth 1 – Financial Advisors Are Only for the Wealthy
This myth is not only outdated—it’s counterproductive. You don’t need millions in the bank to benefit from professional guidance. In fact, I’d argue that those building their wealth from the ground up have the most to gain from working with a planner early on.
At Wolfpack Wealth Management, I work with clients from all walks of life—young professionals in Denver, growing families in Los Angeles, and digital-first clients nationwide. Whether you're managing debt, starting to invest, or trying to get organized, financial advice should be accessible—not exclusive. That’s why I offer flat-fee and project-based financial planning, so you know exactly what you’re paying for.
Myth 2 – I Can Just Use an App
Yes, there are great budgeting and investing apps out there. But here's the thing: apps follow algorithms—advisors follow your life.
While technology can help you automate savings or track expenses, it won’t help you plan for a career change, guide you through buying a home, or coordinate your financial strategy after a major life event. As a virtual financial advisor serving clients across the U.S., I use digital tools and human insight to help you navigate the unexpected and plan proactively.
Apps are great assistants. Advisors are true partners.
Myth 3 – Advisors Only Sell Products
If someone is pushing products instead of helping you plan, that’s a red flag—not a standard. The best financial advisors in Denver, Los Angeles, and across the nation focus on advice, not sales.
I operate as a fee-only fiduciary, meaning I’m not compensated by product sales or commissions—ever. My only priority is your best interest. Whether we’re discussing investment strategies, tax planning, or your long-term goals, you can trust that the guidance I give is 100% aligned with your financial well-being.
Myth 4 – It’s Too Expensive
Let’s flip the question: Can you afford not to have a financial plan?
The belief that financial planning is expensive often stems from unclear pricing in the industry. At Wolfpack Wealth Management, transparency is everything. I publish my pricing upfront, offer flat-rate planning, and provide options that work for a range of budgets.
Remember: hiring a financial advisor isn’t a cost—it’s an investment. It’s a way to save time, reduce stress, and make confident money decisions that can lead to better long-term outcomes.
The truth is: financial advisors today are more accessible, affordable, and client-focused than ever before. If you’ve been holding back because of outdated assumptions, it might be time to reconsider. You're not alone in this journey—and you don't have to do it all yourself.
Understanding the True Cost of Hiring a Financial Advisor
One of the most common questions I hear is: “How much does a financial advisor cost?” And honestly, it’s a fair question—especially when cost is the very reason many people hesitate to seek financial advice in the first place.
The good news? You have options. Financial advisors today offer different pricing structures, and understanding them can help you choose the one that best fits your needs and comfort level. Let’s break them down:
Commission-Based Advisors
Commission-based advisors earn money by selling financial products such as insurance policies, annuities, or mutual funds. While this may seem convenient at first, it can create conflicts of interest. The advice you receive may be influenced by what pays the advisor—not necessarily what’s best for your financial goals.
Fee-Based Advisors
Fee-based advisors charge a combination of fees and commissions. They may earn a percentage of your assets under management (AUM) while also receiving commissions for selling certain products. While this model can work for some clients, it’s important to ask the right questions and ensure you fully understand how your advisor is being compensated.
Advice-Only Advisors
This newer model is gaining traction. Advice-only advisors offer financial guidance without managing your investments or selling products. They’re typically compensated via hourly rates or flat-fee project pricing, which can be appealing to clients who want unbiased advice without committing assets.
Fee-Only Advisors (That’s Me!)
At Wolfpack Wealth Management, I follow the fee-only model, which means I never accept commissions or product-based compensation. Depending on the service that fits your needs, I charge either a flat fee, a project-based rate, or a percentage of assets under management.
This model eliminates conflicts of interest and keeps your goals front and center. You’ll always know what you’re paying for and what to expect—no hidden fees, no upselling, just straightforward, personalized advice.
As a fee-only financial advisor in Denver and Los Angeles (and virtually nationwide), my pricing reflects a commitment to transparency, accessibility, and real value.
What Do You Get in Return?
You’re not just paying for a spreadsheet or a one-time plan. You’re investing in long-term clarity and efficiency. Part of that planning includes tax-efficient strategies outlined by the IRS—ensuring your money works smarter, not harder.
You’re investing in:
A comprehensive financial strategy tailored to your goals
Ongoing adjustments as your life changes
Peace of mind knowing your advisor is a fiduciary
Time saved researching, second-guessing, and stressing over money decisions
A partner who helps you stay on track and build long-term wealth
Access to a trusted network of professionals—like CPAs, estate attorneys, tax preparers, business lawyers, sports agents, and much more—who can support your broader financial picture
And if I don’t personally know the right person? I can tap into a nationwide network of vetted financial advisors and professionals to ensure you get the guidance you need
So the real question isn’t just “how much does a financial advisor cost?”—it’s what’s the cost of not having one?
Curious what a financial plan actually includes? Explore our comprehensive financial planning services designed to be affordable and accessible. Discover how we build custom strategies to help you reach your goals without needing a huge portfolio.
How Wolfpack Offers Affordable Financial Advisor Services
When people search for an affordable financial advisor in Denver or Los Angeles, they’re often looking for someone who’s transparent, trustworthy, and easy to work with—without feeling like they need to be a millionaire to start. That’s exactly why I created Wolfpack Wealth Management.
From day one, my mission has been to remove the barriers that prevent everyday people from accessing quality financial guidance. You shouldn’t have to choose between paying your bills and getting expert advice. At Wolfpack, I’ve structured my services to be both flexible and financially accessible—no high account minimums, no pushy sales tactics, and no confusing pricing.
The Services Menu: Built for You
To make your options clear and easy to navigate, I’ve developed what I call the Wolfpack Services Menu—a transparent breakdown of every offering and cost. Whether you're seeking a one-time financial plan or ongoing support, you’ll know exactly what you're getting and how much it costs. No surprises.
Want a full breakdown of what we offer? Explore our transparent Services Menu here to see how we make high-quality financial planning accessible—whether you’re just getting started or ready for full-service wealth management.
Project-Based Financial Planning
Not everyone needs full-scale wealth management. That’s why I offer flat-fee financial planning packages designed for:
First-time homebuyers
Student loan strategies
Newlyweds combining finances
Educators planning for retirement
Small business owners looking to organize their books
These one-time engagements are perfect for people who want clarity and direction without committing to a long-term relationship right away.
Full-Service Wealth Management
For those who want continuous guidance, investment oversight, and proactive planning, I offer ongoing wealth management services that combine investment management and comprehensive financial planning. You get regular check-ins, plan updates, and a dedicated partner to help you stay on track through every season of life.
Available In-Person and Nationwide
While I work locally as a financial advisor in Denver and Los Angeles, I also serve clients nationwide through secure virtual meetings. Whether you’re down the street or across the country, you can access high-quality, fiduciary financial advice from the comfort of your home, on your schedule.
At Wolfpack Wealth Management, affordability doesn’t mean sacrificing quality—it means putting your needs first. I’m here to meet you where you are and help you move forward, no matter your current financial situation.
When Should You Hire a Financial Advisor?
If you’re wondering when to hire a financial advisor, here’s the truth: there’s no “perfect” time—but there are key life moments where partnering with a professional can save you time, stress, and costly mistakes. Whether you’re based in Denver, Los Angeles, or anywhere nationwide, I work with clients who are navigating big transitions or simply feeling financially overwhelmed.
If any of these situations sound familiar, it might be time to connect:
Starting a New Job or Career
A new role—especially one with better pay or benefits—can bring fresh financial opportunities and questions. Should you invest more in your 401(k)? What about your health savings account (HSA) or stock options? Are you offered any deferred compensation? I help you make confident decisions with your new paycheck and optimize your benefits from day one.
Marriage or Having Kids
Big love brings big life changes—and bigger expenses. Whether you’re merging finances, planning for maternity leave, or opening a 529 plan, I help growing families align their goals, protect their future, and plan for generational wealth.
Buying a Home
Buying a home is more than getting a mortgage—it's about making one of the most financially significant decisions of your life. I’ll help you understand what you can afford, compare down payment strategies, and protect your long-term goals in the process.
Going Pro: When Student-Athletes Turn Professional
Getting drafted or signing your first pro contract is life-changing, and financially high stakes. As a CERTIFIED FINANCIAL PLANNER® professional with the SE-AWMA® designation, I specialize in helping athletes transition from student to pro. I guide you through rookie contract planning, Name, Image and Likeness (NIL) endorsement management, budgeting, and long-term investment strategies to make sure your wealth outlasts your playing career.
Whichever league you are going into, I will help you avoid rookie money mistakes and build a strong financial foundation from day one.
Inheritance or Sudden Windfall
Did you recently receive a large inheritance or win a financial settlement—or even win the lottery? Knowing what to do after winning the lottery or managing a sudden windfall can be overwhelming, but having a financial advisor by your side helps you avoid costly mistakes and make smart decisions from day one.
Starting a Business
Whether you're launching a new LLC, monetizing a side hustle, or expanding an existing business, your personal and business finances become more intertwined than ever. I help entrepreneurs navigate taxes, cash flow, entity structure, and long-term wealth-building strategies.
Preparing for Retirement
Retirement planning isn't just about saving—it's about turning savings into sustainable income. I help pre-retirees and retirees alike with income distribution, Social Security timing, tax minimization, and legacy planning so they can enjoy their golden years with confidence.
Feeling Overwhelmed or Stuck
Sometimes the best time to hire a financial advisor is when you just don’t know what to do next. Whether you're buried in debt, unsure how to start investing, or juggling multiple financial goals, you don’t have to figure it out alone. That’s what I’m here for.
No matter your life stage or financial background, working with an advisor can give you the clarity, confidence, and structure you need to thrive. And if you’re looking for a fee-only financial advisor in Denver, Los Angeles, or virtually anywhere in the U.S., I’d be honored to help.
The Lifelong Benefits of Having a Financial Partner
It’s easy to think that a financial advisor’s job is all about investing—but the truth is, the benefits of having a financial advisor go far beyond building a portfolio.
When you work with a fiduciary advisor—especially one who understands your values, lifestyle, and long-term goals—you’re gaining more than just a money manager. You're gaining a lifelong financial partner who helps you make clear, confident decisions at every stage of life.
Here’s what that really looks like:
Strategic Guidance Through Every Life Stage
From your first job to retirement and beyond, your financial life is full of important crossroads. Whether it’s choosing between benefits packages, buying a home, selling a business, or creating a charitable legacy, I help you understand the implications and choose the path that aligns with your bigger picture.
Holistic Planning
As a fee-only financial advisor serving Denver, Los Angeles, and clients nationwide, I take a comprehensive, goals-based approach. That means I don’t just look at your investments—I look at everything:
Budget and cash flow
Tax planning strategies
Retirement planning
Debt reduction
Insurance and risk management
Estate planning coordination
Everything works together, and your financial plan should reflect that.
Behavior Coaching and Accountability
One of the most underrated benefits of having a financial advisor is having someone to help you stay disciplined—especially when emotions run high. Whether it’s avoiding panic-selling in a down market, staying focused on your savings goals, or resisting impulse decisions, I’m here to keep you grounded and goal-oriented.
Think of me as your financial coach and accountability partner—the person who’s just as invested in your success as you are.
Stress Reduction and Peace of Mind
Managing your own money can be exhausting, especially when you’re juggling a demanding career, family, or business. By partnering with an advisor, you take the pressure off yourself to “figure it all out.” I’ll help you organize the chaos, simplify the complex, and feel confident in the steps you’re taking.
Tax Efficiency and Forward-Thinking Strategies
Every dollar you keep is a dollar that works for your future. As your advisor, I help you integrate smart tax strategies into your financial plan—whether it’s harvesting losses, optimizing retirement contributions, or planning charitable giving. Starting early matters thanks to the power of compound interest—even small contributions today can grow significantly over time.
Having a financial partner means you never have to face your money questions alone. You’ll always have someone in your corner to guide you, support you, and help you move forward.
Want to see how this guidance plays out in real life? Browse our client case studies and solutions to see how we've helped individuals and families in Denver, Los Angeles, and across the country reach their financial goals with clarity and confidence.
Final Thoughts: Your Financial Peace of Mind Starts Here
If there’s one message I hope you take away from this, it’s this: financial planning without being rich is not only possible—it’s powerful. You don’t need to be wealthy to deserve clarity, structure, and a game plan for your money. Financial advice isn’t a luxury service reserved for the elite—it’s a smart, proactive step toward long-term success, no matter where you’re starting from.
Whether you're a young professional just getting started, a growing family balancing priorities, or a small business owner working toward the next level, the right financial partner can help you stop guessing—and start planning with purpose.
At Wolfpack Wealth Management, I’m committed to making financial advice affordable, accessible, and personalized. I proudly serve clients in Denver, Los Angeles, and nationwide through virtual financial planning services that meet you where you are.
Ready to take control of your financial future?
Let’s make it happen—starting with a complimentary financial assessment.
You’ll get a one-on-one conversation with me, your friendly neighborhood wealth management advisor, to talk through your goals and explore where you want your money to take you.
Start your free assessment and take the first step toward building your plan with a trusted, affordable financial advisor.
