Meet Our Team

George Galat V, CFP, is a financial planner at Mosaic Financial Partners, a wealth management firm in the San Francisco Bay Area.

George has a passion for developing meaningful relationships with clients, helping them uncover and realize their life’s goals. He understands that true financial advice isn’t prepackaged and is best served in a fee-only, unbiased manner.

Prior to joining the Mosaic team, George created financial plans for clients at UBS in the Silicon Valley region, supporting nearly 100 financial advisors and serving as a subject matter expert in financial planning. Before that, he worked at Vanguard in a client service capacity in addition to leading training initiatives.  He started his career as an intern with one of the largest RIAs in the state of Arizona, where he supported the private wealth, institutional, operational, and tax arms of the business. George earned a Bachelor of Science in Economics from Arizona State University. He is a CERTIFIED FINANCIAL PLANNER™ and is currently pursuing his MS in Financial Planning and Taxation with an emphasis in Estate Planning at Golden Gate University. He is an active member of the San Francisco Financial Planning Association (FPA) and is a member of the FPA’s NexGen, a national organization supporting the development of young financial planners.

As a new San Francisco resident, you can find George and his girlfriend crossing off countless top ten lists while expanding their newfound wine palate or embarking on urban hikes off the beaten path.

In The News

CNN Money / September 21, 2017
Millennials Aren't Opening Credit Cards. That's a Mistake.

Stigmatized by debt, millennials may avoid using credit cards out of fear, writes Nathaniel Meyersohn for CNN. Geoge notes that this may mean missing out on scoring rewards for your day-to-day spending.

"When done right and responsibly, you can leverage your accumulated rewards to accomplish your goals without breaking the bank," says San Francisco CFP George Galat.

Avoid chasing rewards because that can lead to spending beyond your means.

But do take advantage of credit card offers that allow you to maintain your usual spending habits, Galat advises.

 
CNN Money / September 21, 2017
The Secret to Being a Great Saver

What's the difference between saving the money you have left over at the end of the month, and "paying yourself first"? Enter George:

"Anybody can save the remnants of a paycheck after they've spent most of it... [Paying yourself first] is purposeful, proactive and implies a level of progression toward a collection of goals," says Galat.

 
CNN Money / August 11, 2017
How to Travel If You're Young and Broke

Frugal traveling  isn't an oxymoron. George gives CNN writer Shannon Gupta a few tips on using consumer credit to your wanderlust advantage:

These sign-up bonuses can save you money, but they can lead to excessive debt if you aren't careful.

Instead of overspending just to achieve the bonus, try using your card to pay for items you'd purchase anyway, such as groceries, says George Galat V, a CFP at Mosaic Financial Partners.

Before signing up, Galat recommends calculating whether the potential rewards outweigh the cost.

 

CNN Money / July 20, 2017
What To Do With Your First $1,000 In Savings

George explains just why an emergency fund is so important to create before moving onto other financial goals: 

"Life has an uncanny ability to throw financial curve balls," said George Galat V, a financial planner at Mosaic Financial Partners. "Whether that be unexpected car or home repairs, a medical emergency or other odds and ends that crop up."

 

Morningstar / May 28, 2017

What's So Bad About Debt in Retirement?

Carrying debt is a fact of modern life. Writer John F. Wasik dives into how to regard debt and how to approach its different forms. George is quoted throughout the article.

“It may not make sense to pay off your mortgage right away in retirement," says George Galat, a certified financial planner with Mosaic Financial Partners in San Francisco. “You may want to invest more money."

Galat also notes that many mortgages these days are low-cost debt, so they are much less of a burden than been they've in the past. You may even be able to refinance at a lower rate to reduce your monthly payments.

 

The Street / March 9, 2017

Clients, Not Their Financial Advisors, Should Set Their Own Financial Goals

How can a financial goal most effectively create and sustain new habits? Certified financial planners debate over who has the final say in the creation of goals in this article for TheStreet by Brian O'Connell. George weighs in, noting that the control should ultimately be determined by the client for maximum results. 

Clients should set their own goals, says George Galat, a financial planner at Mosaic Financial Partners in San Francisco. The advisor should merely be a facilitator in the financial planning dialogue, much like a therapist doesn't say to their patient suffering from anxiety "stop thinking so negatively, you will be happier.

That's not what the patient pays for. They pay for help through the process, changing the way they think, Galat adds. As advisors, we can't just say, 'Save more, spend less,' and call it a day. Proper financial planning is a dialogue about the positive or negative consequences that arise from choosing a certain option among the many we offer to our clients.

Biography

Financial Planner

Mosaic Financial Partners

September 2016 – Present

 

Wealth Planning Analyst

UBS

November 2015 – September 2016

 

RCAS Associate

Vanguard

February 2013 – November 2015

 

Finance Intern

MRA Associates

May 2011 – February 2013