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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|Allworth Financial, L.P. Find an Advisor
|Prudent Investment Advisors, LLC Find an Advisor
|No set account minimum
Minimum AssetsNo set account minimum
|Planned Solutions, Inc. Find an Advisor
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|Veripax Wealth Management, LLC Find an Advisor
|Gasber Financial Advisors, Inc. Find an Advisor
|No set account minimum
Minimum AssetsNo set account minimum
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:
- 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.
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.
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.