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 an advanced financial advisor matching tool that can pair you with a financial advisor in your area who suits your needs.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Halbert Hargrove Find an Advisor||$2,523,343,132||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Goldman Lancaster, Inc. Find an Advisor||$201,812,605||No set account minimum|| || |
Minimum AssetsNo set account minimum
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How We Found the Top Financial Advisor Firms in Long Beach, California
Financial advisor firms principally doing business in Long Beach, California that are registered with the U.S. Securities and Exchange Commission (SEC) were the only firms considered for this list. All firms that are registered with the SEC must abide by fiduciary duty, meaning they must act in your best interest. If a considered firm did not offer financial planning, did not manage accounts for individuals or had disciplinary issues on record, it was taken out of consideration. The remaining firms are listed in order of the most assets under management (AUM) to the least.
Halbert Hargrove has more than $2.52 billion in assets under management (AUM). These assets are overseen by Halbert Hargrove’s sizable staff of 27 financial advisors. The team holds a wide range of certifications, including 29 accredited investment fiduciaries (AIFs), 22 certified financial planners (CFPs), three certified public accountants (CPAs), four certified private wealth advisors (CPWAs) and one chartered financial analyst (CFA).
Halbert Hargrove’s client base is comprised of individuals, trusts, estates, pension and profit-sharing plans, corporations, businesses, voluntary employees’ beneficiary association plans (VEBAs) and charitable organizations. When it comes to individual accounts, more than 65% of the clients who work with this firm are high-net-worth individuals. However, this fee-only firm does not require a minimum amount of investable assets to open an account.
Halbert Hargrove Background
Halbert Hargrove has been an SEC-registered investment advisor since 1988, but it was founded in 1933. 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.
Goldman Lancaster, Inc. says its mission is to alleviate its clients’ concerns about their financial lives so they can focus on other things. More than three-quarters of this firm’s clients are individuals below the high-net-worth threshold. The firm also serves corporations, estates, trusts, retirement accounts, nonprofits and endowments.
Although not everyone should, anyone can open an account with this firm as there is no minimum amount of assets needed to do so. The firm's team of three investment advisors includes one certified financial planner (CFP).
Some of the advisors at this fee-based firm may sell insurance policies, and they may earn commissions from sales. The firm is a fiduciary, though, requiring it to act in your best interest.
Goldman Lancaster, Inc. Background
In 1994, principal owners Glenn Goldman and Brad Lancaster co-founded Goldman Lancaster, Inc. 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, Inc. Investing Strategy
Goldman Lancaster, Inc. 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.