Finding a Top Financial Advisor Firm in Beverly Hills, California
Beverly Hills, California is known for its mansions and famous “90210” ZIP code, and it’s also home to a number of financial advisor firms. To help guide your search for a firm to manage your money, SmartAsset has put together this extensive list of the top financial advisors in the city. SmartAsset also offers a financial advisor matching tool that will pair you with up to three local advisors based on your personal needs.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||LourdMurray Find an Advisor||$3,634,752,089||$5,000,000|| || |
|2||Mozaic, LLC Find an Advisor||$1,915,145,364||$100,000,000|| || |
|3||Boulevard Family Wealth Find an Advisor||$433,450,389||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Cheviot Value Management, LLC Find an Advisor||$357,235,575||$2,000,000|| || |
|5||Beverly Investment Advisors, LLC Find an Advisor||$157,428,805||$250,000|| || |
|6||EF Invest Find an Advisor||$147,523,490||$500,000|| || |
|7||Life Line Wealth Management Find an Advisor||$121,401,000||$250,000|| || |
|8||O'Boyle Wealth Management, Inc. Find an Advisor||$117,900,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Beverly Hills, California
Only firms that are both registered with the U.S. Securities and Exchange Commission (SEC) and located in Beverly Hills, California were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that either didn’t offer financial planning services, didn’t manage individual accounts or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Of LourdMurray’s $3.63 billion in client assets under management (AUM), more than 98% belongs to high-net-worth individuals. This fee-only firm also works with (non-high-net-worth) individuals, pension and profit-sharing plans and other institutional clients. To become a client of this firm, you’ll need at least $5 million in investable assets.
The 12-person team at LourdMurray holds the most advisory certifications of any firm on this list. There are six certified financial planners (CFPs), two chartered financial analysts (CFAs), one certified private wealth advisor (CPWA) and one chartered alternative investment analyst (CAIA).
This firm was founded in 2006 by Blaine Lourd, the firm’s current co-CEO, under the name Lourd Capital Management. As of 2013, the firm began conducting business in the Beverly Hills area as LourdMurray. Co-CEO Palmer Murray joined the firm in 2012, and the duo now own the firm together.
If you’re looking to invest, LourdMurray has an asset management program that revolves around creating an asset allocation and investment plan for you. Included in this program are a range of financial planning services, such as retirement planning, education fund planning, cash flow projections, insurance planning, succession planning and more.
LourdMurray Investing Strategy
LourdMurray has a strong aversion to active money management. It believes this approach is harmful for most investors, as it often lacks a long-term perspective, induces high fees and is detrimental to your tax situation. As a result, the firm is unlikely to invest in individual stocks and bonds on your behalf.
Passive money management is the strategy of choice for LourdMurray. Securities it typically invests in include mutual funds, exchange-traded funds (ETFs), index funds and other passive investment vehicles. These securities will be globally diversified and cost- and tax-efficient.
Aside from LourdMurray, Mozaic, LLC is the only other firm on this list that manages more than $1 billion in client assets. Despite this massive pool of money under its control, the firm has less than 80 clients - the majority of which are high-net-worth individuals. Outside of this client type, this fee-only firm is known to maintain relationships with trusts, estates, charitable organizations, businesses and collective investment vehicles.
Perhaps the most attention-grabbing fact about Mozaic is its $100 million minimum opening account size. This makes Mozaic about as ultra-high-net-worth-focused as any firm in the country.
Although Mozaic does have some financial planning services, its main concentration is on investing and portfolio management. Possibly as a result of this, the firm doesn’t have any certified financial planners (CFPs) on staff, but can offer five chartered financial analysts (CFAs).
Mozaic, LLC Background
Christopher J. Zyda, Mozaic’s CEO, founded the firm in 2007. Zyda still independently owns the firm to this day. He has over 30 years’ experience working in the financial services industry.
Mozaic, LLC is primarily focused on investment planning and management. This process involves assessing clients’ needs and desired objectives, building a customized portfolio plan and implementing and monitoring it. Under certain circumstances, the firm can provide corporate financial consulting.
Mozaic, LLC Investing Strategy
Once you and your advisor go over your investment needs, Mozaic will recommend specific securities it thinks should be a part of your portfolio. After this is complete, the firm will research third-party investment managers that will eventually take care of your portfolio.
Although your money is going to be in the hands of a third-party, Mozaic will continually monitor your portfolio’s asset allocation and overall performance. Based on these learnings, it may offer changes for your portfolio.
Boulevard Family Wealth
The five-advisor team at Boulevard Family Wealth manages $433.4 million in client assets. Within this group, you’ll find two certified investment management analysts (CIMAs), one certified financial planner (CFP) and one certified public accountant (CPA).
While this firm doesn't have a required account minimum, the composition of its client base indicates that it prefers to work with high-net-worth individuals. Charitable organizations, estates, trusts and businesses flesh out the firm’s typical clientele.
As a fee-based firm, some employees of Boulevard Family Wealth have an opportunity to earn commissions for the sale of specific insurance products or securities. Although this presents a potential conflict of interest, the firm is legally bound by fiduciary duty.
Boulevard Family Wealth Background
Created in 2017 by managing partner Matthew Celenza, Boulevard Family Wealth is the youngest firm on this list. Celenza has more than 20 years of experience working with ultra-high-net-worth clients, and he owns Boulevard through his trust, the Celenza Living Trust.
This firm has a wide range of advisory services that span financial planning, investment management and consulting. They include:
- Family office services
- Trust management
- Estate planning
- Insurance planning
- Custom, risk-adjusted portfolio management
- Capital solutions
- Philanthropic gift planning
Boulevard Family Wealth Investing Strategy
Boulevard utilizes both active and passive management when managing clients’ investments, as it wants to be flexible enough to meet the needs of each individual it works with. The firm will adjust its investment decisions based on your risk tolerance and tax situation.
Mutual funds, exchange-traded funds (ETFs), options and individual stocks and bonds make up the vast majority of this firm’s investments. Once these securities reside in your portfolio according to the firm’s proposed asset allocation, your advisor will monitor and rebalance them as necessary.
Cheviot Value Management, LLC
New clients of Cheviot Value Management, LLC must have at least $2 million ready to invest, which is the third-highest minimum on this list. The firm states in its Form ADV, however, that it may decide to waive this stipulation from time to time. It appears to use this waiver at least somewhat often, considering that most of its individual clients fall below the high-net-worth threshold.
This fee-only firm employs four financial advisors, including two certified financial planners (CFPs) and one chartered financial analyst (CFA).
Cheviot Value Management, LLC Background
Only sixth place EF Invest has been in business longer than Cheviot Value Management. In fact, former chief investment officer (CIO) Frederic Marks founded the firm back in 1985. Since then, Marks has retired, leaving the company in the hands of advisors Darren Pollock and David Horvitz. Marks still serves on the company’s advisory board.
First and foremost, Cheviot will look to create an asset allocation and portfolio plan that’s aligned with your personal needs and goals. Included in its investment management suite, though, are a number of financial planning services like estate planning, retirement planning, cash flow analysis, legacy planning, tax mitigation and more.
Cheviot Value Management, LLC Investing Strategy
Diversification is central to Cheviot Value Management’s investing philosophy. To ensure your assets are as diversified as possible, the firm will look to allocate your money between varying asset classes, market sectors, capitalizations, regions and investment styles. This diversification is intended to protect you against market volatility.
Beverly Investment Advisors, LLC
Beverly Investment Advisors, LLC (BIA) has just one financial advisor: Canon Price, the firm’s owner. Price works primarily with individuals in the entertainment, medical and legal spheres. She also has a few non-high-net-worth individual clients, along with a handful of pension and profit-sharing plans.
There is a $250,000 minimum account size at BIA. Price holds an accredited asset management specialist (AAMS) designation. BIA is a fee-only firm.
Beverly Investment Advisors, LLC Background
Canon Price opened Beverly Investment Advisors in 2007 and still owns 100% of the firm’s shares. As a result, BIA is the only firm on this list that’s fully female-owned.
Beyond the firm’s standard financial planning and portfolio management services, it can provide pension consulting.
Beverly Investment Advisors, LLC Investing Strategy
When creating an investment portfolio for a client, Beverly Investment Advisors uses a four-step process:
- Step One: The firm begins with what it describes as a “neutral allocation.” It has a separate model for differing risk levels, such as equity, equity tilted balanced, balanced and conservative balanced.
- Step Two: Once your risk tolerance becomes clear, the firm will work on developing security allocation percentages specifically for you.
- Step Three: Next, the firm will apply scenario analysis to your portfolio to see how each security could react to market potential conditions.
- Step Four: At this point the firm begins choosing actual securities to invest in. These could be bonds, large- and small-cap stocks, mutual funds, exchange-traded funds (ETFs) or a combination of them.
The vast majority of EF Invest's clients are individuals below the high-net-worth threshold. Still, high-net-worth individuals claim the largest portion of EF Invest’s AUM. The firm also serves pension and profit-sharing plans, other investment companies and charitable organizations.
The fee-only firm employs three financial advisors, one of whom is a chartered financial analyst (CFA). To work with one of these advisors, you'll need to have at least $500,000 in investable assets.
EF Invest Background
Although this firm does business under the name EF Invest, its legal name is Eliot Finkel Investment Counsel, LLC. The firm was founded by Eliot Finkel in 1974, making it the oldest firm on this list. Finkel has a long history in Beverly Hills, as he served as treasurer for the city for three terms.
EF Invest offers some long-term financial planning services, but the majority of what it does falls under the category of asset management. The firm works with clients to develop their investor profile so it can create an appropriate asset allocation for them.
EF Invest Investing Strategy
EF Invest adheres to three main investing principles when constructing client portfolios with individual stocks and bonds:
- Value: When selecting which securities to invest in, the firm looks for profitable companies that are largely undervalued.
- Income: If possible, the firm prefers to use securities that pay dividends to keep your income levels high.
- Safety: This principle is centered around diversification, as this will help keep your returns from shrinking due to an overly strong attachment to a specific area of the market.
Life Line Wealth Management
Life Line Wealth Management employs two financial advisors that manage its $121 million in client assets under management (AUM). This fee-only firm has one certified financial planner (CFP) on staff.
Life Line’s client base consists of just over 30 clients, with a nearly even split between high-net-worth individuals and individuals below that threshold. The firm calls for at least $250,000 in investable assets to become a client.
Life Line does not have a website.
Life Line Wealth Management Background
Lameck Humble Lukanga founded Life Line Wealth Management in 2011 after spending four years working for New York-based Madison Financial Group. Lukanga owns Life Line completely.
Clients will gain access to investment management and financial planning services when joining forces with Life Line. The firm’s investing services are customizable, whereas its financial planning offerings are centered around tax planning, retirement planning, estate planning, debt management and risk management.
Life Line Wealth Management Investing Strategy
Like many financial advisor firms, Life Line Wealth Management utilizes modern portfolio theory (MPT) to inform how it builds clients’ portfolios. This Nobel prize-winning strategy illustrates a direct relationship between the risk and potential returns of a portfolio.
O'Boyle Wealth Management, Inc.
The final firm on our list is O’Boyle Wealth Management, which boasts almost $118 million in assets under management. Its lone advisor, owner Joe O’Boyle, is a certified financial planner (CFP).
There are no minimum investment requirements at O’Boyle. Possibly because of this, the firm works with almost eight times as many non-high-net-worth individuals than it does high-net-worth individuals. The firm says in its Form ADV that it also has services for trusts, estates, charitable organizations, businesses and retirement plans.
Some advisors at this fee-based firm can receive commissions for insurance product sales. This represents a potential conflict of interest. Regardless, the firm is legally bound by fiduciary duty, forcing it to act in clients’ best interests.
O'Boyle Wealth Management, Inc. Background
O’Boyle Wealth Management was formed in 2013 and became a registered investment advisor (RIA) in 2018. Joe O’Boyle is the principal owner and founder of the firm. He has received a few recognitions, such as being named a “Five Star Wealth Manager” by Los Angeles Magazine from 2016 to 2018.
In an effort to be as comprehensive as possible, O’Boyle Wealth Management provides investment management along with a plethora of financial planning services. These include retirement planning, estate planning, business succession planning, strategic tax planning, life insurance analysis and college fund planning.
O'Boyle Wealth Management, Inc. Investing Strategy
When you meet your advisor for the first time, you’ll go over your various investor characteristics, like your risk tolerance, investment objectives, time horizon and liquidity needs. Based on this information, the firm will put together a strategic asset allocation to help you reach your goals. For the most part, O’Boyle tends to recommend individual stocks and bonds, exchange-traded funds (ETFs), mutual funds, options and more.