Jiyao Xu, CFP®, CFA X and Y Advisors, Inc.
- 840 Apollo Street Suite 100, El Sugundo, CA 90245
- United States
About Jiyao Xu, CFP®, CFA
I am a fee-only financial planner and co-founder of X and Y Advisors, Inc. To make high-quality financial planning services available and affordable to young Chinese professionals living in the United States, I established X and Y Advisors, Inc.
After one year of experience with KPMG China, I realized that corporate finance is not my interest. In 2012, I came to Los Angeles, California to join my beloved wife, Vivianna, and study Personal Financial Planning. While taking different courses at UCLA, I managed to pass the CFP® exam and all three levels of CFA programs, go through the real estate broker education program and then work for a local wealth management firm for several years. With what I have gone through, I understand the needs and concern of the young professionals living here.
From my professional experience serving high-net-worth individuals, I realize that there are so many financial planning strategies that could be applied and may even create relatively more value to young professionals. Therefore, I decided to establish X and Y Advisors, Inc. and share my knowledge to help more people and families.
In all these years, I have been asked multiple times on my opinions about Robo-Advisors like Betterment and Wealthfront. In general, I think they are great options for people who just get started without a lot of money to invest. They can also be used by experienced people or even professionals to manage a portion of their portfolio. After all, a Robo-Advisor is just a portfolio management tool to help us invest. The question comes down to if you are using it correctly or not. From what I know, many people are probably not.
How much cumulative returns do you need to recover from a 50% market drawdown? Most of you know it is 100%, not 50%. What percentage of an annualized compound rate of return or Compound Annual Growth Rate (CAGR) do you need to get a 100% total return to recover from the loss in three, five, and ten years? How about a more typical 20% or 30% loss? Also, what's the average annualized equity market return after 10%, 15%, 20% market decline in one, three, and five years? You will find all these numbers here.
- Cross-border Planning
- Gen Y/Millennials
- Mandarin Speakers
- Tax Planning
Ways Advisor Charges
- Monthly Fee
- Flat Fee
- Assets Under Management
- Monthly Fee: $1,000+ Upfront plus $150+/month
- Flat Fee: $500+/ project
- AUM: .5%