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Think Financial Advisors Are Only for the Rich? Let’s Set the Record Straight
- Leyder "Aiden" Murillo, CFP®, SE-AWMA®, AWMA®, MBA
- 1 hour ago
- 11 min read
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.
The Accessibility of Financial Guidance
Many people assume that financial advisors are only for wealthy individuals. This isn’t the case. Today’s financial landscape offers numerous avenues for people from all economic backgrounds to receive professional advice. It isn’t just for millionaires; it’s for anyone seeking clarity on financial matters.
From cash flow management and saving for retirement to investing wisely and reducing debt, financial advisors provide valuable insight tailored to your life circumstances. This means you don’t have to navigate financial challenges alone—there’s help available, no matter your income.
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 you to make confident financial moves, from building a debt-free life to retiring on your 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 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, meaning 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 wealth to student-athletes preparing for their careers, financial advisors like me provide personalized strategies that fit your life—not cookie-cutter solutions.
The bottom line? A financial advisor in 2025 is your go-to partner for financial clarity, structure, and peace of mind—whether you’re starting from scratch or already managing significant assets.
Debunking the Myths: Do You Really Need One?
Many myths about financial advisors persist, often stopping people from receiving the help they genuinely need. Let’s break down some common misconceptions 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? 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 outdated and counterproductive. You don’t need millions in the bank to benefit from professional guidance. In fact, those building their wealth have the most to gain from working with a planner early on.
At Wolfpack Wealth Management, we work with clients from all walks of life—young professionals, growing families, and digital-first clients nationwide. Whether you're managing debt or trying to get organized, financial advice should be accessible—not exclusive. That’s why flat-fee and project-based financial planning options are available, so you know exactly what you’re paying for.
Myth 2 – I Can Just Use an App
Yes, there are apps for budgeting and investing. However, apps follow algorithms—advisors follow your life.
While technology can automate savings, it won’t help you plan for career changes or buying a home. As a virtual financial advisor serving clients across the U.S., I blend digital tools with human insight to help navigate unexpected challenges and plan proactively.
Apps are great assistants. Advisors are true partners.
Myth 3 – Advisors Only Sell Products
If someone is pushing products rather than helping you plan, that’s a red flag. The best financial advisors focus on advice, not sales.
I operate as a fee-only fiduciary, meaning I never accept compensation from product sales. My only priority is your best interest. Whether discussing investment strategies or long-term goals, you can trust that my guidance is 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. At Wolfpack Wealth Management, transparency is key. I publish my pricing upfront and provide options to accommodate various 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 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?” It’s a fair question—especially since cost often stops people from seeking financial advice.
The good news? You have options. Financial advisors offer different pricing structures, and understanding them helps you choose one that fits your needs. Let’s break them down:
Commission-Based Advisors
Commission-based advisors earn money by selling financial products. While this might seem convenient, 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 goals.
Fee-Based Advisors
Fee-based advisors charge fees combined with commissions. They may earn a percentage of your assets while receiving commissions for selling products. While this model works for some, ask the right questions and understand how your advisor is compensated.
Advice-Only Advisors
Advice-only advisors offer financial guidance without managing investments or selling products. They typically charge hourly rates or flat-fee project pricing, 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. This means I never accept commissions or product-based compensation. Depending on your needs, I charge either a flat fee, 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—no hidden fees, just straightforward, personalized advice.
What Do You Get in Return?
You’re not just paying for a spreadsheet or a plan; you’re investing in long-term clarity. Effective financial planning includes tax-efficient strategies outlined by the IRS—ensuring your money works smarter.
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 on researching and stressing over money decisions
A partner who helps you stay on track and build wealth
Access to a network of professionals—like CPAs, estate attorneys, and business lawyers—who can help support your broader financial picture
If I don’t personally know the right person, I can tap into a national network of vetted advisors and professionals to ensure you get the guidance you need.
Curious what a financial plan includes? Explore our comprehensive financial planning services designed to be affordable and accessible. Discover how custom strategies help you reach your goals without needing a large portfolio.
How Wolfpack Offers Affordable Financial Advisor Services
When looking for an affordable financial advisor in Denver or Los Angeles, many seek someone trustworthy and easy to work with—without needing millions to start. That’s why I created Wolfpack Wealth Management.
From day one, my mission has been to remove barriers that prevent everyday people from accessing quality guidance. You shouldn’t have to choose between paying bills and getting expert advice. At Wolfpack, I’ve structured my services to be both flexible and financially accessible—no high account minimums, no pressure tactics, and no confusion over pricing.
The Services Menu: Built for You
To make your options clear and easy to navigate, I developed what I call the Wolfpack Services Menu—a transparent breakdown of every offering and cost. Whether you seek a one-time financial plan or ongoing support, you’ll know exactly what you’re getting and what it costs.
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 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 organizing their books
These one-time engagements are perfect for those who want clarity without committing to a long-term relationship.
Full-Service Wealth Management
For those wanting continuous guidance and investment oversight, I offer ongoing wealth management services that combine management and comprehensive planning. You get regular check-ins, plan updates, and a 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 across town or the entire country, you can access high-quality advice from 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 situation.
When Should You Hire a Financial Advisor?
If you’re wondering when to hire a financial advisor, there’s no “perfect” time—but life moments can prompt you to seek professional help. Whether based in Denver, Los Angeles, or anywhere nationwide, I assist clients navigating transitions or feeling overwhelmed.
If these situations sound familiar, it might be time to connect:
Starting a New Job or Career
A new role can bring fresh opportunities and questions. Should you invest more in your 401(k)? What about your health savings account or stock options? I’ll help you make confident decisions and optimize your benefits from day one.
Marriage or Having Kids
Big love brings life changes—and bigger expenses. Whether merging finances or planning for maternity leave, I help families align their goals, protect their future, and plan for generational wealth.
Buying a Home
Buying a home is a significant financial decision. I’ll help you understand what you can afford, compare down payment strategies, and protect your long-term goals.
Going Pro: When Student-Athletes Turn Professional
Getting drafted is life-changing. As a CERTIFIED FINANCIAL PLANNER® with the SE-AWMA® designation, I specialize in helping athletes transition from student to pro. I guide you through rookie contracts, endorsement management, budgeting, and long-term investment strategies.
Whichever league you’re entering, I’ll help you avoid rookie money mistakes and establish a strong financial foundation.
Inheritance or Sudden Windfall
If you’ve received a large inheritance or won a financial settlement—or even won the lottery—knowing what to do can be overwhelming. A financial advisor can help you avoid costly mistakes and make smart decisions from day one.
Starting a Business
Whether launching a new LLC or monetizing a side hustle, your finances become intertwined. I help entrepreneurs navigate taxes, cash flow, and long-term strategies.
Preparing for Retirement
Retirement planning isn't just saving; it's turning savings into sustainable income. I guide retirees on income distribution, Social Security timing, tax minimization, and legacy planning to ensure they enjoy their golden years confidently.
Feeling Overwhelmed or Stuck
Sometimes the best time to hire an advisor is when you don’t know what to do next. Whether juggling multiple financial goals or buried in debt, you don’t have to face it alone. That’s what I’m here for.
No matter your life stage or financial background, working with an advisor can give you clarity, confidence, and structure. 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 a financial advisor’s job is all about investing—but the benefits extend far beyond building a portfolio.
When you work with a fiduciary advisor who understands your values, lifestyle, and long-term goals, you gain more than a money manager. You're securing a lifelong financial partner who helps you make clear, confident decisions at every stage of life.
Here’s what that looks like:
Strategic Guidance Through Every Life Stage
From your first job to retirement, your financial life is full of important crossroads. Whether choosing benefits packages, buying a home, or creating a charitable legacy, I help you understand implications and choose paths that align with your bigger picture.
Holistic Planning
As a fee-only financial advisor serving clients nationwide, I take a comprehensive approach. This includes:
Budget and cash flow
Tax 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 underrated benefits of having a financial advisor is discipline—especially when emotions run high. Whether avoiding panic-selling or resisting impulse decisions, I’m here to keep you grounded and goal-oriented.
Think of me as your financial coach and accountability partner—invested in your success.
Stress Reduction and Peace of Mind
Managing money can be exhausting, especially when juggling work or family. Partnering with an advisor takes pressure off you to “figure it all out.” I’ll simplify the complex and help you feel confident in your choices.
Tax Efficiency and Forward-Thinking Strategies
Every dollar you keep works for your future. I help you integrate smart tax strategies into your plan—whether harvesting losses or planning charitable giving. Starting early matters thanks to compound interest—even small contributions today can grow significantly over time.
Having a financial partner means you never face money questions alone. You’ll always have someone by your side to guide and support you.
Final Thoughts: Your Financial Peace of Mind Starts Here
If there’s one message I hope you take away, 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 plan for your money. Financial advice isn’t a luxury service—it’s a proactive step toward long-term success, no matter your starting point.
Whether you're a young professional, a growing family, or a small business owner, 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 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.