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Top Financial Advisors in Danville, 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.

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 in your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Summit Wealth & Retirement Partners Summit Wealth & Retirement Partners logo Find an Advisor

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$610,416,937 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
2 Herrmann & Cooke Wealth Management Herrmann & Cooke Wealth Management logo Find an Advisor

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$390,398,377 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars
3 Phillip B. White Co., Inc. Find an Advisor

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$239,000,000 $500,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors

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:

  • 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.

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), one chartered financial analyst (CFAs) and one master of business administration (MBA). 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.

Phillip B. White Co.

The advisory services provided by Phillip B. White Co., Inc. include investment supervisory services and financial planning. The firm's financial planning services are integrated with its investment services, and they typically include advice on estate planning, retirement planning, cash flow planning, college fund planning and tax planning.

Individual clients, both with and without a high net worth, make up the bulk of this firm's client base. It also works with a few retirement plans and businesses. In order to meet the firm's $6,250 minimum annual fee, there is a $500,000 minimum account balance requirement. The firm reserves the right to waive these minimums at its discretion.

This is a fee-only firm, which means the entirety of Phillip B. White Co.'s compensation comes from client-paid fees.

Phillip B. White Co. Background

Phillip B. White Co. is a recently formed firm, having opened its doors for business in just 2019. Bruce D. White is the sole owner of the firm, all while being president and one of its only advisors. He is also a certified financial planner (CFP) and has been working in the financial and wealth management industries for several decades.

Phillip B. White Co. Investment Strategy

Phillip B. White Co. has what it calls a client relationship management system, in which it details the financial and investment needs and goals of each of its client. Advisors curate and create investment strategies based specifically on the risk tolerance, current financial situation and investment goals of clients. Clients may also impose reasonable restrictions on how their assets are invested.

When putting together portfolios, advisors at Phillip B. White Co. mainly use mutual funds and exchange-traded funds (ETFs). Stocks and bonds are less typically utilized on an individual basis. Methods used to evaluate potential investments include fundamental and cyclical analysis. The firm tends to pursue strategic asset allocations, utilizing a core and satellite approach as well. Portfolios are diversified to suitably minimize risk.

How Long $1mm 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 analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research