Cash Management

Cash management is a pillar in The Clarity Formula® at HCR Wealth Advisors because it is an essential piece of the puzzle when trying to achieve financial freedom. Cash management services refer to the organization, tracking, handling and usage of cash. We understand that while commonalities do exist amongst our clients, they each have a unique set of circumstances that require varying levels of cash management services.

Cash management solutions


There are many options available, and we help our clients choose the most appropriate solution for their specific situations, following these 3 steps:

● establishing the proper accounts;
● cash flow analysis;
● analyzing debt solutions.


Step 1: Establish the proper accounts

Cash management begins with making sure you have the appropriate accounts to facilitate all of the inflows and outflows specific to you. Depending on your situation, you may need business accounts in addition to personal accounts. It may also make sense to explore the world of credit cards and the many benefits they carry. Having the right credit card could save you hundreds if not thousands of dollars.

Step 2: Cash flow management

Cash flow analysis begins with a high-level review of your income and expenses. What is the source of your income? Where are you spending your money on a monthly basis? Does your current income support your current expenses? Will your future income support your future expenses? After a thorough analysis, we may find that you can spend a little more. Alternatively, we may suggest adjustments to your budget by decreasing your expenses. Our analysis can also help you to understand whether or not you are overpaying for any products or services.

Step 3: Analyzing debt solutions

When used appropriately, debt can be a powerful tool and is a fundamental component of cash management services. When looking to purchase a property, we can help you decide which mortgage option makes the most sense for your situation. We can then connect you with a preferred mortgage lender who can help you secure competitive rates to suit your needs. Maybe you are considering using margin to buy assets; we can educate you on the pros and cons and help you secure the least expensive rate. Additionally, establishing a pledged asset line may allow you to explore a new home purchase, a home renovation, or a new business startup.

Cash management services


Individuals have a wide range of needs when it comes to cash management services. Money is still the most common asset we deal with on a day-to-day basis to facilitate our obligations. As a full-service los angeles wealth management firm, we assist our clients with cash management and create solutions specific to their needs. We advise our clients on the most appropriate accounts to open. We analyze their cash flow to help them get a better understanding of their income and expenses so they can make more informed decisions. We educate our clients on how a prudent approach to debt is not inherently bad and when used properly, debt can provide for great opportunities.

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