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Top Financial Advisors in Long Beach, 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 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 Halbert Hargrove logo Find an Advisor

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$3,030,982,898 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Investment consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Investment consulting
2 Goldman Lancaster, Inc. Goldman Lancaster, Inc. logo Find an Advisor

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$265,510,275 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
3 Clay Northam Wealth Management Clay Northam Wealth Management logo Find an Advisor

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$254,053,459 $250,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
4 Kensington Investment Counsel Kensington Investment Counsel logo Find an Advisor

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$203,230,691 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
5 William Allan, LLC William Allan, LLC logo Find an Advisor

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$170,618,269 No set account minimum
  • Financial planning services
  • Portfolio management
  • Consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Consulting services
6 Prosperity Wealth Planning, LLC Prosperity Wealth Planning, LLC logo Find an Advisor

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$117,305,710 $500,000
  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops

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:

  • 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.

Halbert Hargrove

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 accredited investment fiduciarie (AIF),certified financial planner (CFP), certified investment management analysts (CIMA), certified public accountant (CPA), certified divorce financial analysts (CDFA) and certified private wealth advisors (CPWA).

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

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 (CRPS) and one certified financial planner (CFP). 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.

Clay Northam Wealth Management is a fee-based firm which works mainly with individuals, nearly three-quarters of whom are not high-net-worth clients. The only institutional clients at the firm are pension and profit sharing plans.

Some advisors at the firm can earn insurance commissions, which is a conflict of interest -- bit advisors are still bound to act in the best interest of the clients when serving as an advisor. Investment management fees are based on a percentage of assets under management, and financial planning services are offered free of charge to investment management clients.

The minimum account size is $250,000. Two certified financial planners (CFPs) work at the firm.

Clay Northam Wealth Management Background

The firm was founded in 2011 by Brian Clay and Darren Northam, who still own the firm, serve as managing partners and manage all accounts.

Services include investment management and financial planning.

Clay Northam Wealth Management Investment Strategies

Around half of the money managed at Clay Northam is invested in individual stocks, with a further third put into mutual funds. The rest is split between bonds, cash holdings and private placement/limited offerings.

Kensington Investment Counsel is a fee-only firm with no set account minimum. Clients are mainly individuals, the majority of whom qualify as high-net-worth. Institutional clients include charitable organizations and corporations.

Fees are charged based on a percentage of assets under management. There is one chartered financial analyst (CFA) at the firm.

Kensington Investment Counsel Background

Kensington was founded in 2014. The only person owning at least a quarter of the firm is advisor Richard Wimbish.

Services include investment management and financial services.

Kensington Investment Counsel Investment Strategy

Nearly all of the money held at Kensington is put into individual stocks. Some bonds are used, as are mutual funds and cash holdings.

William Allan, LLC is a fee-only firm. Investment management fees are based on a percentage of assets under management, while financial planning and consulting fees are charged hourly. There is no set account minimum to work with the firm.

William Allan mainly works with individual clients, the majority of whom do not have a high net worth. Institutional clients include charitable organizations and corporations.

There are not financial advisor certifications listed on the firm’s website.

William Allan, LLC Background

The firm was founded in 2004 and is wholly owned by Jason Crenshaw, who also works as an advisor.

Services include asset management, consulting and financial planning.

William Allan, LLC Investment Strategy

The vast majority of investments at the firm are in individual stocks. Some bands are used, as are mutual funds and cash holdings.

Prosperity Wealth Planning LLC is a fee-only firm requiring at least $500,000 to open an account. There are only individual accounts at the firm, a bit more than half of whom do not qualify as high-net-worth. There are no institutional clients to speak of.

Asset management fees are based on a percentage of assets under management, while financial planning fees can be fixed or charged hourly.

There is one certified financial planner (CFP) on staff.

Prosperity Wealth Planning LLC Background

Prosperity was founded in 2019 and is owned principally by Carolanne Chavanne, who also works as an advisor.

Services include portfolio management, financial planning and educational seminars.

Prosperity Wealth Planning LLC Investment Strategy

Nearly all of the money managed by Prosperity is invested in mutual funds. Some individual stocks are also chosen, along with bonds and cash holdings.

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