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Top Financial Advisors in Folsom, 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 Firm in Folsom, California

It can be challenging to find the right financial advisor if your area offers endless options. Because your assets and your future are very important, it’s crucial that you select the right one. We’ve helped you narrow down your search for advisors in the Folsom area with our ranking. Our review compares each firm’s assets under management (AUM), advisory services, minimum account size requirements, investment strategies and more. If you’d prefer a different method, try using our free financial advisor matching tool to connect 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 Allworth Financial, L.P. Allworth Financial, L.P. logo Find an Advisor

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$13,782,219,676 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars
2 Prudent Investment Advisors, LLC Prudent Investment Advisors, LLC logo Find an Advisor

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$759,972,188 No set account minimum
  • Portfolio management
  • Financial planning
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
3 Planned Solutions, Inc. Planned Solutions, Inc. logo Find an Advisor

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$423,026,607 $100,000
  • Portfolio management
  • Financial planning

Minimum Assets

$100,000

Financial Services

  • Portfolio management
  • Financial planning
4 Veripax Wealth Management, LLC Veripax Wealth Management, LLC logo Find an Advisor

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$221,297,995 $500,000
  • Portfolio management
  • Financial planning

Minimum Assets

$500,000

Financial Services

  • Portfolio management
  • Financial planning
5 Gasber Financial Advisors, Inc. Gasber Financial Advisors, Inc. logo Find an Advisor

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$151,754,998 No set account minimum
  • Portfolio management
  • Financial planning
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting

What We Use in Our Methodology

To find the top financial advisors in Folsom, 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.

Allworth Financial

Allworth Financial is a fee-based firm; many advisors can earn commissions as either an insurance agent or broker-dealer. This is a conflict of interest, but advisors are still bound by fiduciary duty to act in the best interest of the client when serving as an advisor. The firm works mostly with non-high-net-worth individual clients, but also serves high-net-worth investors, pension and profit sharing plans, charitable organizations and corporations.

Fees at Allworth are based on a percentage of assets under management for its wrap fee asset management clients.  Financial planning services are charged a fixed fee. The minimum account size is $500,000. The firm’s website does not have a list of certifications earned by advisors

Allworth Financial Background

Allworth was founded in 1993 and is owned and controlled through intermediate subsidiaries by the Ontario Teachers’ Pension Plan and Lightyear Capital.

Services offered include asset management, financial planning, protection planning, investment planning, retirement planning, tax planning and estate planning.

Allworth Financial Investment Strategy

Nearly all of the money at Allworth is invested in various mutual funds and exchange-traded funds (ETFs). A small amount is invested in stocks, bonds, cash holdings and variable annuities.

Prudent Investment Advisors

Prudent Investment Advisors works mainly with individuals, the majority of whom do not qualify as high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations, government entities, corporations and nonprofits. Prudent is a fee-only firm.

Asset management fees are charged based on a percentage of assets under management, while financial planning fees are either fixed or charged hourly. There is no minimum account size.

There is no list of earned certifications provided on the firm’s website.

Prudent Investment Advisors Background

The firm was founded in 2007. The principal shareholders are Gary Allen and Jeffrey Coontz, both of whom work as advisors at the firm.

Services include investment management, financial planning and consulting.

Prudent Investment Advisors Investment Strategy

More than 90% of the money managed by Prudent is invested in funds. A small percentage is invested in stocks, bonds and held as cash.

Planned Solutions

First on our list with hundreds of millions under its management is fee-based firm Planned Solutions, Inc. The firm has multiple advisors serving individuals and high-net-worth individuals, qualified retirement plans, trusts, estates, charitable organizations, corporations or other business entities. PIA requires an account minimum of $100,000 to establish an advisory relationship, and it charges asset-based fees, hourly charges and fixed fees for its advisory services.

Some advisors earn commissions for selling insurance products, which is a conflict of interest. Still, all must act in the best interest of the client when serving as an advisor.

Among Planned Solutions’ team are four certified financial planners (CFP), two enrolled agents (EAs), one chartered financial analyst (CFA), one certified public accountant (CPA) and one chartered life underwriter (CLU). 

Planned Solutions Background

Chase Armer founded Planned Solutions in 2004, offering portfolio management, financial planning and various retirement and tax planning solutions. 

Planned Solutions Investment Strategy

Planning Solutions says on its website that it feels that investment management “is just as much about finding solutions to a client’s needs as it is about conducting investment research or monitoring the financial markets.” The firm uses a three step process in its investment process. The process includes developing a plan, selecting investment strategies and regularly monitoring and communicating with clients about investment progress. 

Planned Solutions employs an investment process that utilizes economic research, capital market valuation and technical analysis.

Veripax Wealth Management

Fee-based firm Veripax Wealth Management's client base includes individuals, trusts, estates, charitable organizations, corporations or business entities and church organizations. Veripax requires a minimum of $500,000 for clients interested in opening an account. The firm currently manages millions in client assets. 

Veripax’s team consists of one certified financial planner (CFP) and one retirement income certified professional (RICP). 

Veripax Wealth Management Background 

Veripax was established in 2006 by Jerry Verseput. The independent financial planning and investment management firm specializes in retirement income planning, wealth management and financial planning. 

Verseput is the firm’s principal advisor, and Brian Wells is the firm’s senior wealth advisor. 

Veripax Wealth Management Investment Strategy 

Veripax relies heavily upon cost-focused investing, asset allocation, goal-based investing and buy-and-hold strategies. The firm’s investments may include warrants, equities, corporate debt securities, certificates of deposit (CDs), municipal securities, investment company securities, private equity, interests in partnerships and other investments.

The firm may utilize technical, cyclical and fundamental analysis when evaluating securities, and its investment strategies include strategic asset allocation, long-term purchases, short-term purchases, trading, short sales, margin transactions and option writing.

Gasber Financial Advisors

Our final firm is fee-only financial advisor Gasber Financial Advisors, Inc. The firm serves individuals, pension and profit sharing plans, trusts, estates, charitable organizations and corporations or business entities. Gasber Financial’s two advisors manage millions in client assets. 

When it comes to advisory fees, the firm earns its compensation from asset-based, hourly charges and fixed fees. Gasben Financial doesn’t have a set account minimum.

Gasber Financial Advisors Background

Firm founder, chief executive officer (CEO) and chief investment officer (CIO) Gerald E. Gasber founded Gasber Financial in 1995. The firm mainly provides portfolio management, financial planning and pension consulting services. 

Gasber Financial’s financial planning services also target the following areas:

  • Estate and philanthropic planning
  • Retirement funding 
  • Education funding
  • Tax planning
  • Cash flow and budget planning
  • Charitable planning
  • Insurance and risk management 

Gasber Financial Advisors Investment Strategy

Gasber Financial’s advisors employ fundamental analysis when researching securities. The firm mainly uses strategic asset allocation utilizing passive management strategies. With the mission of globally diversifying portfolios, the firm uses passively-managed index funds and ETFs

Gasber Financial also uses financial newspapers, corporate rating services, annual reports and company press releases.

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.