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Top Financial Advisors in Claremont, CA

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

If you’re looking for a financial advisor, the search can be frustrating. After all, the financial services industry is not extremely transparent, and it can be difficult to understand all the different arrangements and affiliations. But SmartAsset is here to help. We did all the initial hard-lifting and found the top qualified financial advisors located in Claremont, California. You can also use our financial advisor matching tool, which connects you with up to three financial advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Financial Designs Corporation Financial Designs Corporation logo Find an Advisor

Read Review

$425,672,238 $500,000
  • Financial planning
  • Portfolio management
  • Asset allocation

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Asset allocation
2 LifeSteps Financial LifeSteps Financial logo Find an Advisor

Read Review

$298,197,991 No set account minimum
  • Financial planning
  • Portfolio management
  • Bill payment and reconciliation service

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Bill payment and reconciliation service
3 Claremont Financial Group, Inc. Claremont Financial Group, Inc. logo Find an Advisor

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$115,575,968 $250,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

What We Use in Our Methodology

To find the top financial advisors in Claremont, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.

Financial Designs Corporation

Financial Designs Corporation (FDC), a fee-only financial advisor firm, is the top-rated firm in Claremont. The company works with individuals and high-net-worth individuals, trusts, estates and charitable organizations. FDC also works with corporations, pensions and profit-sharing plans. The firm's investment advisory team includes two certified financial planners (CFPs). 

In order to receive investment advisory services, you'll need to invest a minimum $500,000. That said, Financial Designs may waive this requirement at its discretion. 

As a fee-only practice, FDC's compensation comes solely from client-paid fees. Advisors do not sell financial products or insurance for commissions from third-party firms. 

Financial Designs Corporation Background 

Founded in 1981, FDC is a owned by a holding company controlled by the 2008 Pavan Family Trust. Nino G. Pavan, who serves as the firm's president, is an attorney specializing in estate planning and has worked in the financial services industry for more than two decades. In addition to a law degree, he holds Series 7, 24 and 63 securities licenses.

FDC provides discretionary portfolio management services through a wrap-fee program. This means you pay a bundled fee for advisory services, transaction fees and custodian costs. The firm also offers asset allocation services to individuals' employer-sponsored retirement plan accounts.

Advisors can additionally provide financial planning advice on topics like estate planning and retirement savings. They also offer investment and asset allocation advice to participants of qualified retirement plans like 401(k) and 403(b) plans. 

Financial Designs Corporation Investment Strategy 

The investment team at FDC develops strategies based on the needs, risk tolerance and tax situation of clients. It builds portfolios with asset allocations it believes can help capture returns while not taking on more risk than the client can handle. 

These portfolios may invest in various types of securities including mutual funds, exchange-traded funds (ETFs), fixed income securities and fixed annuities.

LifeSteps Financial

LifeSteps Financial, the next firm on our list, serves individuals with and without high net worths. The firm also works with trusts, estates, retirement plans, charities and businesses. Its team includes multiple professionals, but does not feature any financial designations like certified financial planners (CFPs) or chartered financial analysts (CFAs).

The firm, which doesn't have a minimum account size requirement, offers its services on a fee-only basis. This means it only collects client fees and doesn't receive any kind of payment from third-party financial services firms for selling their services or products. 

LifeSteps Financial Background

LifeSteps was founded in 2009 as Foothill Financial Advisors. It adopted its current name in 2017. Its founder and current owner Henry Ford previously worked at TD Waterhouse and Citigroup Global Markets.

The staff at LifeSteps Financial collectively has more than 50 years of experience in the financial services industry. Team members offer combined investment advisory and financial planning services. 

LifeSteps offers both discretionary and non-discretionary approaches to managing client portfolios. This means some clients give the firm authority to change investment positions without their input, while others require the firm's advisors to consult them when making individual decisions. 

LifeSteps Financial Investment Strategy 

Before advisors at LifeSteps make any financial recommendations, they conduct a thorough analysis of the client's financial profile. They consider such factors as the client's risk tolerance, financial goals and liquidity needs. They use this information to deliver financial planning advice and design portfolios with asset allocations that the firm believes can help the client meet their objectives. 

These portfolios are generally built with exchange-traded funds (ETFs). Depending on the client's needs and changing financial profile, the firm may also invest assets in: 

  • Equity securities, including stocks and foreign securities listed on U.S. exchanges (ADRs)
  • Fixed income securities including bonds, commercial paper and certificates of deposit (CDs)
  • Mutual funds
  • Real estate investment trusts (REITs)

Claremont Financial Group, Inc.

Claremont Financial Group is a fee-based firm with three certified financial planners (CFPs) on staff. The firm typically requires a $250,000 account minimum for advisory services. It works with individuals, high-net-worth individuals, trusts and charitable organizations.

Some of its advisors are also representatives of broker-dealers and receive commissions on transactions. These dual roles may create potential conflicts of interest. That said, the firm must make sure that its representatives uphold their fiduciary duty to work in the best interest of clients when serving as their advisor.

Claremont Financial Group charges asset-based fees for investment management, as well as hourly fees for financial planning services. 

Claremont Financial Group Background 

Established in 1994, Claremont Financial Group is owned by Gaetan Scalzo, a CFP with over 25 years experience serving clients as an independent consultant. 

Claremont Financial Group provides portfolio management and financial planning services. It utilizes third-party asset allocation platforms to manage client accounts. 

Claremont Financial Group Investment Strategy

Investment advisors with Claremont Financial Group offer asset allocation models through third-party providers like Pacific Financial Group. Claremont Financial Group analyzes its clients’ needs, financial profiles and risk appetites in order to recommend appropriate models. The firm then builds portfolios based on these models and continuously manages them. It makes adjustments as it sees necessary, based on market conditions and the client’s changing financial profile.

The firm typically invests in mutual funds, ETFs, bonds and variable annuity sub accounts. Claremont Financial Group may employ various portfolio management strategies, including strategic asset allocation, tactical asset allocation, long-term holding, as well as keeping cash as a strategic asset.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.