Finding a Top Financial Advisor in Danville, California
A financial advisor can be a great partner in achieving your financial goals, as they offer services like retirement planning, investment management, estate planning and more. For Danville, California residents, SmartAsset created this list of the top financial advisor firms in the city to make your search easier. Look through the details of each firm, including their account minimums, investment strategies and service offerings. You can also use SmartAsset's free financial advisor matching tool to get connected with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Summit Wealth & Retirement Partners Find an Advisor||$697,016,993||$500,000|| || |
|2||Herrmann & Cooke Wealth Management Find an Advisor||$492,788,757||Varies based on account type|| || |
Minimum AssetsVaries based on account type
What We Use in Our Methodology
To find the top financial advisors in Danville, 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Summit Wealth & Retirement Partners
Summit Wealth & Retirement Partners is the first firm on our list. To become a client of Summit you'll need at least $500,000 in investable assets. The firm's individual clients are divided about evenly between those with and without a high net worth. The firm also works with a collection of businesses.
The firm's team of advisors hold a range of certifications, including four certified financial planners (CFPs) and one chartered financial analyst (CFAs). Summit's team of advisors has over 60 years of experience between them.
This is a fee-based firm, which means that some advisors may be able to earn commissions from the sale of insurance products or securities. Although this creates a potential conflict of interest, the firm is a fiduciary, which legally obligates it to act in the best interests of clients.
Summit Wealth & Retirement Partners Background
Summit Wealth & Retirement Partners was founded in 1987. Partner Robert Cucchiaro is the majority owner of the firm, and the firm's other partner, Harold Porter, is the minority owner.
Summit provides clients with both asset management and financial planning services. Asset management services are comprehensive and incorporate typical investment management and portfolio monitoring services. Financial planning services may include advice on a range of topics, including estate planning, business planning and retirement planning.
Summit Wealth & Retirement Partners Investment Strategy
Summit Wealth & Retirement Partners' investment strategy involves developing a financial and investment profile for each client. Advisors gather information on topics like the client's overall financial situation, risk tolerance, liquidity needs, tax status, investment objectives and more. They also take into account any reasonable restrictions that a client would like to place on the management of their assets.
Summit's advisors typically recommend investment strategies that use a combination of mutual funds and exchange-traded funds (ETFs). This is done as opposed to investing in individual stocks, bonds and other securities. In terms of selecting specific investments for client portfolios, the firm tends to use either a risk-based asset allocation method or simple fundamental analysis. Summit invests client assets with an eye toward achieving long-term returns.
Herrmann & Cooke Wealth Management
Herrmann & Cooke Wealth Management works with clients to provide investment management, portfolio evaluation, financial planning and pension consulting services. Investment services are broken down into the following three categories: H&C Managed Account Services, H&C Outside Account Services and the Edelman Managed Asset Program (EMAP), which is a wrap fee program available through Edelman Financial Engines.
The firm works exclusively with individual clients, with about 85% of these individuals being below the high-net-worth threshold. There are varying minimum requirements at this firm that depend on the services you're looking for.
As a fee-based firm, Herrmann & Cooke employs advisors who may receive commissions from the sale of insurance products to clients. This is a potential conflict of interest, but the firm is still legally bound by its fiduciary duty to act in clients' best interests.
Four on-staff advisors are certified financial planners (CFPs). Vice president Kerry Davis is also a chartered financial analyst (CFA).
Herrmann & Cooke Wealth Management Background
Herrmann & Cooke Wealth Management can trace its history back to 1986, which is when its predecessor firm Herrmann Financial Services was originally founded. The firm is principally owned by both the Herrmann Family Trust and the Cooke Family Trust. CEO David Paul Herrmann and chief financial officer (CFO) Brenda Joy Herrmann are the owners of the Herrmann Family Trust, while firm president Jason M. Cooke and Kimberly M. Cooke are owners of the Cooke Family Trust.
Herrmann & Cooke Wealth Management Investment Strategy
Herrmann & Cooke Wealth Management designs its investment strategies around the individual needs and objectives of each client. There are a number of investor characteristics that affect the makeup of your portfolio, including your personal risk tolerance, time horizon, investment history and tax situation. The firm also provides ongoing portfolio management and monitoring so that advisors can ensure that client goals are being pursued as intended.
When it comes to investments, advisors at Herrmann & Cooke tend to invest mainly in certificates of deposit (CDs), corporate debt securities, exchange-traded funds (ETFs), interval fund shares, mutual funds shares, government securities and variable annuities. The firm primarily uses asset allocation planning, mutual fund analysis, ETF analysis and third-party money manager analysis to help select investments for client portfolios.