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Integrity Asset Management Review

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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.

Integrity Asset Management, LLC is a small financial advisor firm located in Beverly Hills, California. A single financial advisor manages the firm's client accounts, which belong to individuals both with and without a high net worth.

The firm provides both investment management and financial planning services to its clients on a fee-only basis. In other words, the only compensation the firm receives comes in the form of client-paid fees. This is different from a fee-based firm, which may also receive commission-based compensation from third parties.

Integrity Asset Management Background

Integrity Asset Management opened its doors for business in 2015. The firm was founded by David Hamer, who owns the firm to this day. Hamer also acts as president of Integrity and is a certified financial planner (CFP) and a chartered financial analyst (CFA). Prior to founding Integrity, Hamer worked for 17 years at G&L Realty Corp. as chief accounting officer (CAO) and three years at Deloitte as an accountant.

Integrity Asset Management Client Types and Minimum Account Sizes

Integrity provides various financial services to individuals and high-net-worth individuals. However, of the firm's clients, only a handful do not have a high net worth.

Integrity does not have a minimum size for any of its accounts or services.

Services Offered by Integrity Asset Management

Integrity offers a range of investment management and financial planning services to its clients, including:

  • Investment management
    • Strategic planning
    • Asset allocation planning
    • Risk tolerance determination
    • Personal investment policy creation
    • General asset selection
    • Regular portfolio monitoring
  • Financial planning
    • Investment planning
    • Life insurance planning,
    • Tax planning
    • Retirement planning
    • College fund planning
    • Debt/credit management planning

Integrity Asset Management Investment Philosophy

Integrity Asset Management uses multiple styles of investing, including long-term trading, short-term trading, fundamental analysis and charting analysis. The firm does this to ensure that it can meet the needs of any client. 

Modern portfolio theory is the main investing strategy that Integrity focuses on. This award-winning investment framework illustrates a connection between investment risk and returns. By using it, the firm can plan an asset allocation for your portfolio that is built to maximize returns for your personal risk tolerance. Integrity requests discretionary control over clients' accounts, but it will also manage accounts on a non-discretionary basis.

Fees Under Integrity Asset Management

For its investment management services, Integrity charges an annual fee based on your AUM level. These fees are technically negotiable, but the rates below usually apply.

Fees at Parametric Portfolio Associates
Assets Under Management Annual Fee
Up to $1,000,000 1.00%
$1,000,000 - $10,000,000 0.75%
Over $10,000,000 0.50%

Financial planning fees at Integrity are charged at a fixed or hourly rate. The fixed fee for creating a financial plan can be as high as $25,000, while hourly fees range up to $500.

Investment management fees are charged each quarter, in arrears, and they're paid through either a direct debit to your account or by invoice. Financial planning fees are paid 25% upfront, with the remaining 75% being charged at the completion of your services. If you're thinking of working with Integrity, here's what you might expect to pay at different asset levels.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Integrity Asset Management*
Your Assets Integrity Asset Management Fee Amounts
$500K $5,000
$1MM $10,000
$5MM $40,000
$10MM $77,500

What to Watch Out For

Integrity Asset Management has no disclosures on its SEC-filed Form ADV.

Integrity takes performance-based fees from certain client accounts if it hits a specific benchmark that's agreed upon beforehand. The firm may have an incentive to favor these accounts, which creates the potential for a conflict of interest. However, Integrity abides by fiduciary duty, which legally binds it to act in clients' best interests.

Opening an Account With Integrity Asset Management

If you're interested in joining forces with Integrity Asset Management, you can call the firm or send an email. You can also visit in person at the firm's Beverly Hills office.

All information was accurate as of the writing of this article.

Investing Tips

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.

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