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, minimums and more 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||$5,505,870,582||$1,000,000|| || |
|2||Corient Capital Partners, LLC Find an Advisor||$2,322,831,926||$5,000,000|| || |
|3||Tarbox Family Office, Inc. Find an Advisor||$602,524,823||$5,000,000|| || |
|4||Provenio Capital Management, Inc. Find an Advisor||$570,309,528||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Compak Asset Management Find an Advisor||$522,249,219||$150,000|| || |
|6||Spectrum Asset Management, Inc. Find an Advisor||$503,158,875||$1,000,000|| || |
|7||RS Crum, Inc. Find an Advisor||$444,588,981||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Spinnaker Investment Group, LLC Find an Advisor||$292,011,791||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Stevens First Principles Investment Advisors Find an Advisor||$281,032,186||$100,000|| || |
|10||Westshore Wealth Find an Advisor||$258,532,117||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Newport Beach, California
Only firms that are both registered with the U.S. Securities and Exchange Commission (SEC) and located in Newport Beach, California were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that didn’t offer financial planning services; didn’t manage individual accounts; or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Beacon Pointe Advisors, LLC
Beacon Pointe Advisors, LLC is by far the largest firm on this list. It has $5.5 billion in client assets under management (AUM), with 73 advisory employees on staff. Along with its offices in Newport Beach and seven other cities across California, Beacon Pointe has branches in Arizona, Massachusetts, Pennsylvania, Texas and New Jersey.
More than 90% of this firm’s client base consists of individuals, both with and without a high net worth. Beacon Pointe is also known to work with businesses, charitable organizations, government entities, insurance companies and retirement plans. The firm imposes a $1 million minimum initial investment.
The number of advisory certifications present on Beacon Pointe’s team is perhaps its most impressive characteristic. Clients will have access to 36 certified financial planners (CFPs), 17 chartered financial analysts (CFAs), three certified investment management analysts (CIMAs), two 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 an employee-owned firm. The principal owner is holding company Beacon Pointe Holdings, LLC, which is in turn owned by firm CEO Shannon Eusey. Eusey is a co-founder of Beacon Pointe and has worked in the financial services industry since 1994.
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 with just over $2.3 billion in assets under management (AUM) and 13 financial advisors on staff. There is a $5 million account minimum at this firm. As a result of this high minimum, the vast majority of the firm’s client base consists of high-net-worth individuals. The firm also maintains accounts for trusts, estates and businesses.
The firm employs two chartered financial analysts (CFAs), one certified financial planner (CFP) and one certified investment management consultant (CIMC). The staff here can earn performance-based fees.
Certain members of Corient’s staff have the ability to earn commissions when they sell insurance products. 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, Dheeraj Sultanian, 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 ideology that prefers securities like low-cost mutual funds and exchange-traded funds (ETFs). This shouldn’t come as a surprise, as these market-wide investments feature many benefits, such as intrinsic diversification and professional management.
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 has seven financial advisors that manage $602.5 million in client assets. This team employs five certified financial planners (CFPs), two certified public accountants (CPAs), one chartered financial analyst (CFA) and one chartered global management accountant (CGMA).
Tarbox has a $5 million account minimum, tying it with Corient Capital Partners, LLC for the highest account minimum on this list. The firm principally deals 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 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.
Provenio Capital Management, Inc.
While there is no minimum account size at Provenio Capital Management, Inc., the firm deals mostly with high-net-worth individuals. The firm's other clients include foundations, estates, trusts, pension and profit-sharing plans, businesses and individual retirement plan participants.
Provenio’s advisory team takes care of $570 million in assets under management (AUM). The advisory team includes one certified financial planner (CFP), one chartered financial analyst (CFA), one chartered life underwriter (CLU) and one chartered financial consultant (ChFC).
As a fee-based firm, 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.
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 type of investment ideology. 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.
Compak Asset Management
Compak Asset Management employs 12 financial advisors that manage $522 million in client assets. Among those 12 advisors are three chartered retirement planning counselors (CRPCs), one chartered financial analyst (CFA), one chartered life underwriter (CLU) and one enrolled agent (EA).
You’ll need at least $150,000 in investable assets to become a client of Compak. The firm works almost exclusively with non-high-net-worth individuals and high-net-worth individuals. Its client base also includes trusts, retirement plan accounts and retirement plans.
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 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 57 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 that it pairs clients with. To do this accurately, 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.
Spectrum Asset Management, Inc.
Fee-only Spectrum Asset Management, Inc. has a $1 million minimum account size. Individuals and high-net-worth individuals make up the largest percentage of the firm’s client base. It also deals with businesses, foundations, company retirement plans, trusts and other investment advisors.
The nine-person advisory staff at Spectrum includes three certified financial planners (CFPs), two chartered financial analysts (CFAs) and one chartered investment counselor (CIC). This group manages more than $500 million in client assets.
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.
RS Crum, Inc.
RS Crum, Inc. has $444.5 million in assets under management (AUM). The staff here is four advisors strong, and features four certified financial planners (CFPs) 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 absolutely no minimum account size stipulations. All but a few of RS Crum’s clients are individuals (both with and without a high net worth), though it also works with a handful of charitable organizations.
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. 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.
Spinnaker Investment Group, LLC
Spinnaker Investment Group, LLC has five financial advisors that work with a mix of individuals, high-net-worth individuals, businesses, trusts, estates, charitable organizations and pension and profit-sharing plans. This staff of advisors includes one certified financial planner (CFP), one chartered financial analyst (CFA), one certified divorce financial analyst (CDFA) and one chartered retirement planning counselor (CRPC).
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 for a commission, 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/chief investment officer (CIO) Morgan Christen and president Joseph Stapleton co-founded Spinnaker Investment Group in 2016. This duo averages 18 years’ 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.
Stevens First Principles Investment Advisors
With just one financial advisor to its name, Stevens First Principles Investment Advisors boasts the smallest advisory staff on this list. Steven Lee Yamshon, the firm’s sole advisor, is responsible for the management of $281 million in client assets. Although Yamshon doesn’t hold any certifications, other non-advisory employees include one certified public accountant (CPA), one registered paraplanner (RP) and one chartered mutual fund counselor (CMFC).
There’s a $100,000 minimum account size at this firm. This has led to a client base that’s dominated by non-high-net-worth individuals. High-net-worth individuals, pension and profit-sharing plans, charitable organizations, businesses and pooled investment vehicles round out the firm’s clientele.
This fee-only firm incorporates performance-based fees into its fee schedule.
Stevens First Principles Investment Advisors Background
Only two other firms on this list have been around longer than Stevens First Principles Investment Advisors, as it opened its doors way back in 1986. Chief investment officer (CIO) Steven Lee Yamshon founded it, and still owns the firm completely through his trust, the Steven Lee Yamshon Living Trust.
The firm focuses on portfolio management, financial planning and consulting. Its services include:
- Cash flow management
- Investment planning
- Retirement planning
- Estate planning
- Personalized investment strategy creation
- Continuous portfolio management
Stevens First Principles Investment Advisors Investing Strategy
Steven First Principles Investment Advisors offers a personalized approach to investing. In other words, the characteristics of your investor profile will dictate what kinds of investment strategies your advisor will put into practice. Principal among these are your risk tolerance, time horizon and liquidity needs.
After the firm has a clear idea of the type of investor you are, it will put your money into securities that match your needs. As your portfolio ages, the firm will review, and possibly rebalance, your portfolio in order to maintain your original asset allocation.
The final firm on this list is Westshore Wealth, which is a fee-only operation. It has seven financial advisors that look after more than $250 million in assets under management (AUM).
This firm has no minimum investment requirement for new clients. However, it should be noted that more than two-thirds of its client base is made up of high-net-worth individuals. Individuals, charitable organizations and pension and profit-sharing plans hold accounts here as well.
Westshore Wealth's advisory staff has a plethora of advisory certifications. Among its seven advisors you’ll find five certified financial planners (CFPs), one chartered financial analyst (CFA), one certified investment management analyst (CIMA) and one certified private wealth advisor (CPWA).
Westshore Wealth Background
Westshore Wealth was established in 2016 by co-managing directors Ryan Brizendine and Trevor Bryant. Today, the firm’s shares have been split between Brizendine and Bryant, along with co-managing directors Robert Sigler and Ryan McGuire and director Ryan Ornellas.
If you’re looking to invest, Westshore can provide you with asset allocation planning, investment strategy creation, asset selection and regular portfolio monitoring. For specific financial planning concerns, the firm can provide retirement planning, college fund planning, debt management, life insurance planning and tax planning.
Westshore Wealth Investing Strategy
Westshore Wealth is a major proponent of modern portfolio theory (MPT), which focuses on maximizing returns for a given amount of risk. As such, it places heavy emphasis on understanding each client’s risk tolerance, then maximizing returns within those parameters.