Finding a Top Financial Advisor Firm in Newport Beach, California
Looking for a financial advisor in the Newport Beach area? SmartAsset compiled this list of the top financial advisors in the city to help you pick a firm. For each firm, we go over its investment strategies, typical client base, investment minimums and other crucial information to help you make a decision. For a more personalized approach, SmartAsset’s financial advisor matching tool can pair you with up to three local financial advisors based on your answers to a short questionnaire.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Beacon Pointe Advisors, LLC Find an Advisor||$12,441,991,820||$1,000,000|| || |
|2||Corient Capital Partners, LLC Find an Advisor||$3,559,185,555||$5,000,000|| || |
|3||Tarbox Family Office, Inc. Find an Advisor||$841,481,772||$5,000,000|| || |
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|4||Compak Asset Management Find an Advisor||$816,826,845||$150,000|| || |
|5||RS Crum, Inc. Find an Advisor||$554,960,902||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Spectrum Asset Management, Inc. Find an Advisor||$571,277,866||$1,000,000|| || |
|7||Spinnaker Investment Group, LLC Find an Advisor||$420,117,791||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|8||Provenio Capital Management, Inc. Find an Advisor||$980,747,299||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Knightsbridge Wealth Management Find an Advisor||$446,714,916||$250,000|| || |
|10||Clarity Capital Partners Find an Advisor||$370,035,397||$5,000|| || |
How We Found the Top Financial Advisor Firms in Newport Beach, California
To find the top financial advisors in Newport Beach, California, we first identified all firms registered with the SEC in the state. 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:
Beacon Pointe Advisors, LLC
Beacon Pointe Advisors, LLC is by far the largest firm on this list. Along with its offices in Newport Beach and seven other cities across California, Beacon Pointe has branches in Arizona, Colorado, Connecticut, Florida, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Texas.
The firm’s client base consists of high-net-worth and non-high-net-worth individuals, as well as pooled investment vehicles, pension and profit-sharing plans, charitable organizations, government entities, insurance companies and corporations.
Beacon requires a $1 million minimum initial investment, though the firm could waive or reduce it.
The number of advisory certifications present on Beacon Pointe’s team is perhaps its most impressive selling point. Clients will have access to 61 certified financial planners (CFPs), 17 chartered financial analysts (CFAs), five certified investment management analysts (CIMAs), five certified public accountants (CPAs) and more.
As a fee-based firm, some of Beacon Pointe’s advisors can earn commissions from the sale of insurance products. Despite this potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
Beacon Pointe Advisors, LLC Background
Founded in 2002, Beacon Pointe Advisors is largely an employee-owned firm. The principal owner is holding company Beacon Pointe Holdings, LLC, which is in turn owned by firm CEO Shannon Eusey and a number of other employees. Eusey is a co-founder of Beacon Pointe and has worked in the financial services industry since 1994. Through an unrelated holding company called ABRY Partners, LLC, Royce Yudkoff holds a stake in the firm.
The services at Beacon Pointe Advisors are divided between investment/non-investment consulting and a proprietary program called the “Managed Account Program.” The former is a set of financial planning offerings, such as estate planning, retirement planning, asset allocation determination, investment policy development, investment performance evaluation, 401(k) consulting and more. Should you subscribe to the Managed Account Program, you’ll receive a combination of investment management services and the aforementioned financial planning services.
A portion of Beacon Pointe Advisors’ business is split into a secondary branch called Beacon Pointe Wealth Advisors. This service is angled towards wealth advisors around the U.S. and features back-office support, social media management, financial-planning tools and more.
Beacon Pointe Advisors, LLC Investing Strategy
The principal investment philosophy at Beacon Pointe Advisors is strong portfolio diversification. Not only does the firm believe this can help increase returns, it also states in its Form ADV that this will be used to control your risk level.
As far as specific diversification practices go, the firm will look to split your money across a multitude of asset classes and securities. In addition, your advisor will diversify throughout domestic and global markets.
Corient Capital Partners, LLC
Fee-based Corient Capital Partners, LLC takes the second spot on this list. There is a $5 million account minimum at this firm, along with a $25,000 minimum annual fee. As a result of this high minimum, most of the firm’s client base is comprised of high-net-worth individuals. The firm also maintains accounts for non-high-net-worth individuals and businesses.
The firm employs two chartered financial analysts (CFAs) and one certified financial planner (CFP). The staff here can earn performance-based fees.
Certain members of Corient’s advisory staff are licensed insurance professionals. While these advisors do not earn commissions from insurance sales, they can receive referral fees for referring clients to an insurance provider. This presents a potential conflict of interest, but the firm is still a fiduciary, so you can rest assured that they’re required to work in your best interest.
Corient Capital Partners, LLC Background
Corient Capital Partners was established in 2015, making it one of the younger firms on this list. The firm is under the ownership of a collection of partners, including Christopher Copps, Darren Henderson, Michael Phelps, Jonathan Tenney, Gregory Walters, Alexander Stimpson, James Rooney, Jacob Halladay and Gordon Hassenplug.
This firm uses a goal-based, wealth management strategy that features discretionary and non-discretionary investment management, family office services, tax minimization, philanthropic gift planning and more.
Corient Capital Partners, LLC Investing Strategy
Corient Capital Partners sticks to a long-term investing approach that prefers securities like low-cost mutual funds and exchange-traded funds (ETFs).
If your risk tolerance and liquidity needs call for it, Corient has also been known to occasionally invest in individual stocks and bonds. However, the firm does this only rarely, as actively trading individual securities is not only riskier but could also drive your transaction fees up.
Tarbox Family Office, Inc.
Tarbox Family Office, Inc. is a fee-only firm located in eastern Newport Beach. The firm's advisory staff holds a number of certifications, including five certified financial planners (CFPs), three certified public accountants (CPAs), two chartered financial analysts (CFAs), one chartered global management accountant (CGMA) and one chartered retirement planning counselor (CRPC).
Tarbox has a $5 million account minimum, tying it with Corient Capital Partners, LLC for the highest minimum on this list. The firm principally works with high-net-worth individuals, businesses, pension and profit-sharing plans and charitable organizations.
Tarbox Family Office, Inc. Background
After spending five years working in the advisory industry, Laura Tarbox founded Tarbox Family Office in 1985. She currently serves as the firm’s CEO and sole owner.
The services at this firm are split between investment advisory, financial planning and consulting. Specific offerings include:
- Multi-generational wealth transfer and estate planning
- Cash flow analysis
- Tax planning
- Insurance review
- Family financial planning
- Philanthropic gift planning
Tarbox Family Office, Inc. Investing Strategy
Tarbox Family Office tries to avoid relying on specific security selection when creating client portfolios. The firm instead gravitates toward more general diversification across multiple asset classes and markets. Similar to other firms that share this mindset, Tarbox prefers a long-term investing approach.
Although Tarbox tends to stick to mutual funds and exchange-traded funds (ETFs), it may, on occasion, include individual stocks, bonds and fixed-income securities in its asset allocations. Beyond this, the firm may sometimes recommend investing assets in unaffiliated private investment funds.
Compak Asset Management
Compak Asset Management offers a selection of financial planning and investment services. Among its team of advisors, there are three chartered retirement planning counselors (CRPCs), one chartered financial analyst (CFA), one chartered life underwriter (CLU), one certified divorce financial analyst (CDFA) and one enrolled agent (EA).
You’ll need at least $150,000 in investable assets to become a client of Compak, though it may decide to reduce this minimum at its discretion. The firm works almost exclusively with non-high-net-worth and high-net-worth individuals. Its client base also includes trusts, retirement plan accounts, retirement plans and businesses.
Compak is a fee-based financial advisor firm. This means some members of its advisory team can receive commissions from the sale of insurance products or securities to clients. This is a potential conflict of interest, but the firm still abides by fiduciary duty.
Compak Asset Management Background
Headquartered in Newport Beach, Compak Asset Management also operates an office in Scottsdale, Arizona. The firm was created in 1999 by current president and chief investment officer (CIO) Moeez Ansari. It’s owned by Ansari and senior principal Feroz Ansari, who combine for about 60 years of investment industry experience.
The services at Compak cover risk-adjusted investment management, retirement planning, estate planning, college fund planning, risk management, net worth planning, income tax planning and business succession planning.
Compak Asset Management Investing Strategy
Compak Asset Management has created multiple portfolio models. To match clients with a model portfolio, the firm looks to identify where you stand in terms of risk tolerance, liquidity needs and time horizon. These will then dictate what types of investments best suit you, and in turn, which model is optimized to fit your unique requirements.
Rather than review and rebalance each client’s portfolio individually, this model-based system allows Compak to make adjustments to asset allocations quickly and efficiently.
RS Crum, Inc.
Despite having a relatively small advisory staff, RS Crum, Inc. features a number of advisory certifications. These include five certified financial planners (CFPs), one certified public accountant and one certified kingdom advisor (CKA). The CKA certification is fairly rare, and it indicates an advisor was trained to "integrate biblical financial wisdom into client counsel," according to KingdomAdvisors.com.
This fee-only firm has no minimum account size stipulations. All but a few of RS Crum’s clients are individuals (both with and without a high net worth).
RS Crum, Inc. Background
In 1976, RS Crum Inc. was opened under the name RS Crum Advisory Services by founder Richard S. Crum. As of 2011, though, the firm’s ownership shares were transferred to a group of its senior employees. Senior financial advisors Mark Rylance, Jon Theriault and Daniel Sexton now make up the firm’s principal ownership group.
Investment management and financial planning services are available through RS Crum. These offerings incorporate budget and cash flow assessment, investment planning, real estate analysis, business consulting, transitional event planning, retirement planning and analysis.
RS Crum, Inc. Investing Strategy
RS Crum prefers to utilize as customizable an investment strategy as it can. To maintain this level of flexibility, the firm will include a wide range of securities in its investment evaluations. Stocks, bonds, cash, mutual funds, exchange-traded funds (ETFs) and alternative investments are some of the firm’s preferred securities.
Once the firm identifies which investments are best suited for you, it will create an asset allocation that dictates what percentages each security type will hold in your portfolio. The firm will diversify your assets both domestically and internationally.
Spectrum Asset Management, Inc.
Fee-only Spectrum Asset Management, Inc. has a $1 million minimum account size. However, on certain occasions, the firm may decide to accept clients who have less than that amount. High-net-worth and non-high-net-worth individuals make up the largest percentage of the firm’s client base. It also works with insurance companies.
The advisory staff at Spectrum includes two certified financial planners (CFPs) and one chartered investment counselor (CIC).
Spectrum Asset Management, Inc. Background
Spectrum Asset Management has been in business since 1987. Roland Kelly is the co-founder and former owner of the firm. While he still serves as chief investment officer (CIO), CEO Ryan Kelly took over as principal owner. In addition to its Newport Beach office, Spectrum opened a branch in Paia, Hawaii.
Spectrum specializes in financial planning and investment management. The former encompasses estate planning, tax planning, risk management, business transfer planning and advanced insurance design. On the other hand, investment management involves asset allocation planning and security selection. This comes in discretionary and non-discretionary variations.
Spectrum Asset Management, Inc. Investing Strategy
Instead of instituting a “one size fits all” approach, Spectrum seeks to create asset allocations separately for every client it works with. This begins with an in-depth review of their risk tolerance, time horizon, liquidity needs and overall investment objectives. Depending on where you stand within these categories, the firm will create an allocation consisting of stocks, bonds, mutual funds and cash.
Spinnaker Investment Group, LLC
Spinnaker Investment Group's financial advisors work with a mix of non-high-net-worth individuals and high-net-worth individuals, as well as pension and profit-sharing plans.
Spinnaker uses a variable account minimum, and it goes as follows:
- Wealth management services: $250,000
- Automated investment program
- Without tax-loss harvesting: $5,000
- With tax-loss harvesting: $50,000
Certain employees at this fee-based firm can sell insurance products and securities on a commission basis, which presents a potential conflict of interest. The firm is still a fiduciary, though, legally binding it to act in clients’ best interests.
Spinnaker Investment Group, LLC Background
CEO and Chief Investment Officer (CIO) Morgan Christen and President Joseph Stapleton co-founded Spinnaker Investment Group in 2016. This duo averages about 20 years of experience in the financial services industry.
Financial planning services include trust and estate planning, tax planning, retirement planning, insurance planning, cash flow forecasting and more. Its wealth management services are focused on creating investment portfolios. The firm also provides an automated investment program, which is a robo-advisor service.
Spinnaker Investment Group, LLC Investing Strategy
Spinnaker Investment Group often invests solely in mutual funds and exchange-traded funds (ETFs). It does this because these securities are professionally managed and inherently diversified. If needed, though, the firm may include individual stocks and bonds in your portfolio as well. It only does this if it believes that the addition of these investments will help to either reduce risk or boost gains.
Provenio Capital Management, Inc.
While there is no minimum account size at Provenio Capital Management, Inc., the firm deals almost entirely with high-net-worth individual clients. The firm's other clients include pooled investment vehicles. Provenio’s advisory team includes one chartered financial analyst (CFA).
As a fee-based firm, some advisors at Provenio Capital Management can earn commissions from insurance sales. While this represents a potential conflict of interest, the firm is still a fiduciary.
Provenio Capital Management, Inc. Background
Provenio Capital Management has been in business since 2016. It’s a wholly owned subsidiary of Provenio Capital, Inc., a financial services holding company. Partners Benjamin Durrant and Kevin Murphy combine to own the firm indirectly through Provenio Capital, Inc.
This firm’s investment management services include customized, risk-adjusted investment planning and manager selection and monitoring. Financial planning clients will have access to estate planning, retirement planning, charitable gift planning, debt management, income tax planning, cash flow planning, insurance analysis and more.
Provenio Capital Management, Inc. Investing Strategy
Provenio Capital Management doesn’t appear to have an affinity for any specific investing philosophy. Instead, it will work with clients individually to develop an asset allocation and portfolio plan that fits what they’re looking for. To ensure that all of your personal needs are taken into account, you and your advisor will go over your risk tolerance, time horizon and any specific objectives you may have for the future.
Knightsbridge Wealth Management
Knightsbridge Wealth Management works primarily with high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans.
As a fee-only firm, Knightsbridge does not collect commissions on trades or the sale of certain products.
Knightsbridge typically requires a minimum of $250,000 to open an account. Additionally, the firm also charges a management fee for investment advisory services that can range up to 1.6% of total assets under management.
Knightsbridge Wealth Management Background
Founded in 1998, Knightsbridge is owned by John Prichard, Kurt Beimfohr and Miles Yourman.
The advisor team holds multiple certifications, including two chartered financial analysts (CFAs) and one certified financial planner (CFP).
Knightsbridge Wealth Management Strategy
Knightsbridge manages and evaluates portfolios based on client investment goals and objectives. The firm works with financial and legal experts, as well as third-party administrators to serve client needs.
- Financial planning
- Retirement planning
- Tax planning
- College funding
- Can flow analysis
- Charitable gifting
- Investment management
- Asset allocation
- Security selection
- Risk management
- Behavioral psychology
Clarity Capital Partners
Clarity Capital Partners (CCP) works primarily with high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans, charitable organizations, insurance companies and corporations.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions. CCP’s fiduciary duty, however, requires advisors to act in the best interests of their clients.
The firm typically charges a minimum annual management fee of $5,000. Investment advisory service fees can range from 1% to 1.5% of total assets under management.
Clarity Capital Partners Background
Headquartered in Newport Beach, CCP was founded in 2000. The firm is owned by Todd Allen Rustman.
The advisor team holds multiple certifications, including three certified financial planners (CFPs), two chartered financial analysts (CFAs), two chartered life underwriters (CLUs) and two enrolled agents (EAs).
Clarity Capital Partners Strategy
CCP manages and evaluates portfolios based on client investment goals and objectives. The firm focuses primarily on long-term investments. But advisors could buy, sell or reallocate positions held for less than one year due to market conditions or client needs.
- Financial planning
- Retirement planning
- Investment planning
- Estate planning
- Education planning
- Charitable gifting