Finding a Top Financial Advisor Firm in Long Beach, California
Choosing the right financial advisor can be an overwhelming process. So, SmartAsset created this list of the top Long Beach financial advisor firms to make the decision a little easier. Below, we compare the services the top firms provide, what their fee structures are and what kinds of clients they specialize in working with. SmartAsset has also developed a free financial advisor matching tool that can pair you with up to three advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Halbert Hargrove Find an Advisor||$2,762,891,021||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Goldman Lancaster, Inc. Find an Advisor||$241,883,837||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Long Beach, 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 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.
Halbert Hargrove tops the list of financial advisors in Long Beach, California. As a fee-only firm, it does not collect commissions on trades or the sale of certain products.
The advisor team holds a wide range of certifications, including 33 accredited investment fiduciaries, 21 certified financial planners, four certified investment management analysts, three certified public accountants, two certified divorce financial analysts, two certified private wealth advisors, one chartered global management accountant, one professional plan consultant and one chartered financial analyst.
Halbert Hargrove’s financial advisor team manages assets for individuals, pension and profit-sharing plans, charitable organizations and corporations. More than half of individual clients are high-net-worth individuals.
Halbert Hargrove Background
Founded in 1933, Halbert Hargrove has been an SEC-registered investment advisor since 1988. Holding company Halbert Hargrove Holdings, LLC principally owns the firm. In addition to its Long Beach office, the firm has locations in Denver; San Diego; Costa Mesa, California; Bellevue, Washington; Scottsdale, Arizona; Houston; and The Woodlands, Texas.
At this firm, your advisor will help you decide on a package of services that are meant to address your total financial situation, not just one part of it. As a result, the services offered by this firm are relatively extensive:
- Cash flow and debt management
- Retirement planning
- College funding
- Estate planning
- Investment tax planning
- Wealth protection
- Charitable giving
- Family wealth management
- Risk management
Halbert Hargrove Investing Strategy
Clients can base their portfolios on one of three investment ideologies, depending on their desired level of risk tolerance. These include:
- Essentials (low risk) - based on commonly used, staple investments
- Lifestyle (medium risk) - based on maintaining your current lifestyle
- Legacy/estate (high risk) - based on the hope for high returns for the future
Halbert Hargrove primarily uses mutual funds, exchange-traded funds (ETFs), individual debt and equity securities and structured products. However, the firm may also use debt, equity and pooled investment vehicles in client portfolios.
Strong diversification is also a major focal point of this firm’s portfolio-building process. Rebalancing can occur at any time, as the firm claims to intently monitor your account.
Goldman Lancaster, Inc. is a fee-based firm. Some of the advisors may sell insurance policies or securities, and they may earn commissions from sales. The firm is a fiduciary, which requires advisors to act in your best interest.
The team of financial advisors includes one chartered retirement plans specialist and one certified financial planner. Most of this firm’s clients are individuals below the high-net-worth threshold. Other clients include high-net-worth individuals, pensions and profit sharing plans and 3(21) qualified plans.
Although not everyone should, anyone can open an account with this firm as there is no minimum amount of assets needed to do so.
Goldman Lancaster Background
In 1994, principal owners Glenn Goldman and Brad Lancaster co-founded Goldman Lancaster. The firm’s advisory team has spent an average of more than 20 years in the financial management industry.
For individuals, the firm offers services like comprehensive portfolio management, general financial planning, estate planning and retirement plan participant consulting. For its business clients, the firm provides risk management, corporate benefit planning, business continuity planning and qualified retirement plan services.
Goldman Lancaster Investing Strategy
Goldman Lancaster believes a long-term investing approach is best for its client portfolios. The firm uses a few different investment strategies that are mainly centered around passively managed funds, like ETFs and index funds, as well as actively managed funds. The firm may also occasionally use stocks and bonds in client portfolios.
Goldman Lancaster also thinks that diversification must be a major part of clients’ portfolios. It believes that diversification will ensure that even clients who are open to high levels of risk won’t be too dependent on any one type of investment for portfolio growth.