Finding a Top Financial Advisor Firm in Oakland, California
Oakland, California is a large city with many financial advisor firms, making it tough to find the the right financial advisor for you. To make it easier, SmartAsset created this list of the top Oakland financial advisor firms. Below, you can compare and contrast the firms’ services, fee structures and account minimums. The SmartAsset financial advisor matching tool is another way to find a financial advisor in your area, and it only requires you to answer a few simple questions.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Liberty Wealth Management, LLC Find an Advisor||$922,326,000|| |
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|2||Wespac Advisors, LLC Find an Advisor||$687,623,983||$250,000|| || |
|3||Savant Investment Group, LLC Find an Advisor||$596,895,242||$1,000,000|| || |
|4||Bell Investment Advisors, Inc. Find an Advisor||$493,796,923|| |
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|5||John W. Brooker & Co., CPAs, PC Find an Advisor||$413,752,776|| |
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|6||DHR Investment Counsel, Ltd Find an Advisor||$380,938,292||$1,000,000|| || |
|7||Ginsburg Financial Advisors, Inc. Find an Advisor||$207,517,157|| |
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|8||Financial Avengers, Inc. Find an Advisor||$185,066,557|| |
No set account minimum
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No set account minimum
How We Found the Top Financial Advisor Firms in Oakland, California
SmartAsset considered only U.S. Securities and Exchange Commission (SEC)-registered financial advisor firms located in Oakland, California for this list. Only these firms were considered because of the inherent fiduciary duty that comes with being an SEC-registered firm. Under fiduciary duty these firms are required to act in clients’ best interests. If any firms didn’t offer financial planning, didn’t manage individual accounts or did not have a clean record, they were eliminated. The remaining firms are listed below in order of the most assets under management (AUM) to the least.
Liberty Wealth Management, LLC
Liberty Wealth Management, LLC is a fee-based financial advisor firm that has the lowest set account minimum on this list at $10,000. The firm has includes one certified financial planner (CFP) and one certified public accountant (CPA).
Liberty’s client base is made up of individuals, corporations, businesses, estates, trusts, pensions, profit-sharing plans and charitable organizations. When it comes to individual investors, the firm primarily serves individuals who aren't high-net-worth.
Advisors at this firm may earn commissions from selling insurance policies or from trading certain securities in your portfolio. However, the firm is a fiduciary and therefore it must act in your best interest.
Liberty Wealth Management, LLC Background
Liberty Wealth Management, LLC has been in business since 1999. Its advisors have spent, on average, about 20 years in financial services. President David Hollander independently owns the firm.
A wide range of services are made available by Liberty Wealth Management, including estate and trust creation and planning, retirement planning, insurance analysis, tax management and mitigation and general investment management.
The firm also runs a financial blog through its website that is aimed at keeping clients informed of the latest happenings in the markets.
Liberty Wealth Management, LLC Investing Strategy
Liberty Wealth Management places an emphasis on long-term investing. The firm relies on the investment philosophy of modern portfolio theory to guide how it handles the relationship between investment risk and the ensuing returns. Modern portfolio theory states that you can maximize gains and minimize risk by constructing a balanced and diversified portfolio.
Liberty Wealth Management uses a number of specific investment strategies, including long-term and short-term purchases, margin transactions, option-writing, trading and short sales. Though a strategy like short-term purchases might seem counterintuitive to what the firm says it believes in, these are used to satisfy clients’ liquidity needs.
Wespac Advisors, LLC
Wespac Advisors, LLC ranks second on our list of the top Oakland firms with $687.62 million in assets under management (AUM) overseen by its team of eight financial advisors. The team in the firm's main office includes one chartered financial consultant (ChFC), one accredited investment fiduciary (AIF) and one chartered life underwriter (CLU). The firm also has teams in Reno, Nevada, and Fresno, California.
Generally, Wespac requires a $250,000 minimum initial investment for individuals or trustee-directed retirement plans and a $50,000 minimum for self-directed retirement plans. The firm's clients include the plan sponsors of self-directed and trustee- directed retirement plans, individuals and high-net-worth individuals, testamentary trusts, corporations and other types of businesses.
This is a fee-based firm. Certain employees of the firm are also insurance agents with affiliate Wespac Benefits & Insurance Services, LLC and they may earn commissions from the insurance brokerage firm. Additionally, the firm may refer clients to its affiliate Wespac Plan Services for retirement plan administrative services and subsequently earn fees from these plans. Both of these arrangements represent potential conflicts of interest. The firm is a fiduciary though, requiring it to always act in clients' best interests.
Wespac Advisors, LLC Background
Wespac Advisors was founded in 1977 to provide administrative and recordkeeping services to retirement plans. The firm is now part of the Focus Financial Partners partnership, a large partnership of dozens of firms across the country. Focus Operating, LLC, a wholly owned subsidiary of Focus Financial Partners, owns Wespac.
The firm's business still is largely focused on retirement plans, as it provides investment advisory services to plan sponsors to assist with plan development, design, implementation and administration. Wespac also offers investment management services to non-retirement plan sponsors, including individual investors.
Wespac Advisors, LLC Investing Strategy
Wespac Advisors uses tactical asset allocation, a strategy grounded in the market's current activity rather than predictions for the future. The firm allocates clients assets across asset classes and investment horizons, with investments primarily in equity securities and exchange-traded funds (ETFs).
The firm implements tactical asset allocation through relative-strength investing, which looks at the performance of an investment in comparison to the overall performance of the market. The firm uses this technique to identify the strongest performing investments when making investment decisions, unlike value investing, for instance, which seeks to invest in underperforming stocks.
Savant Investment Group, LLC
Savant Investment Group, LLC is a financial advisor firm with nearly $596.90 million in assets under management (AUM). It has one of the highest account minimums on this list, generally requiring a minimum portfolio value of $1 million. In certain instances, the firm may, at its discretion, accept clients with smaller portfolios. In fact, its current client base includes slightly more individuals than high-net-worth individuals. Aside from individual investors, Savant serves investment limited partnerships and other pooled investment vehicles, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities.
The firm's team of five financial advisors includes two chartered financial analysts (CFAs), one certified financial planner and one accredited asset management specialist (AAMS). Savant is a fee-only firm, meaning it does not earn additional compensation from the sale of products.
Savant Investment Group, LLC Background
Savant Investment Group has been a registered investment advisor since 1991. It's owned by The Savant Group, Inc., which is under the ownership of Scott Lummer, the firm's CEO and chief investment officer.
Services offered by Savant include:
- Financial planning and consulting services
- Business planning
- Tax and cash flow
- Trust and estate planning
- Financial reporting
- Retirement planning
- Risk management
- Distribution planning
- Investment/pension consulting
- Investment and wealth management services
- Retirement plan consulting services
Savant Investment Group, LLC Investing Strategy
Savant Investment Group is focused on finding the right ratio of investments for its clients, depending on their investment goals and risk tolerance. The firm manages both actively and passively, and primarily uses mutual funds, exchange-traded funds (ETFs), individual debt and equity securities, municipal government securities and U.S. governmental securities in client portfolios. For certain clients, the firm may use pooled investment vehicles like hedge funds.
In addition to technical and cyclical analysis, Savant utilizes behavioral finance analysis when evaluating investment opportunities. This attempts to explain why individuals make financial decisions that aren't necessarily rational and in their best interest.
Bell Investment Advisors, Inc.
A fee-only financial advisor firm, Bell Investment Advisors, Inc. employs more certified financial planners (CFPs) than any other firm on this list. It has five CFPs on its team. The firm also uniquely offers career counseling, which involves putting together an “actionable plan and a strategy that helps you build positive momentum in your life and career.”
You will, however, need at least $500,000 in investable assets prior to opening an account with this firm. The firm principally serves high-net-worth clients. Its client base also includes non-high-net-worth individuals, trusts, estates, mutual funds, businesses, charitable foundations and pension and profit-sharing plans.
Bell Investment Advisors, Inc. Background
Husband and wife duo James and Bonnie Bell founded Bell Investment Advisors, Inc. in 1991. James Bell serves as the firm’s president, while Bonnie Bell serves the director of career and life coaching. The firm’s team boasts more than 100 years of combined financial advisory experience.
Depending on what type of financial management help you’re looking for, a different set of advisory services will be offered to you. As a whole, the firm can handle:
- Current financial evaluations
- Employee stock option analysis
- Risk management reviews
- Education funding plans
- Insurance review
- Estate planning
- Net-worth and cash flow statements
- Debt management plans
- Retirement planning
Bell Investment Advisors, Inc. Investing Strategy
Bell Investment Advisors is a major believer in utilizing various index funds to build its clients’ portfolios. It primarily uses mutual funds, exchange-traded funds (ETFs) and, occasionally, individual securities. The firm says that it believes these investments will offer both strong diversification as well as low trading fees, making it easier for your portfolio to be successful.
However, your portfolio’s success also depends on the exact investment choices made. To make investment decisions, the firm uses two types of analysis: technical analysis and fundamental analysis. Fundamental analysis looks at the economic and company-specific factors of an investment opportunity to determine its value. Technical analysis is much more driven by statistics, like past prices of an investment and overall market activity, to forecast how an investment’s price will change over time.
John W. Brooker & Co., CPAs, PC
As you can likely tell by its name, John, W. Brooker & Co. CPAs, PC is not only a financial advisor firm. It can also handle your tax preparation needs. In support of this service, there are two certified public accountants (CPAs) at this firm, as well as two certified financial planners (CFPs) and one chartered financial analyst (CFA) for financial planning and management.
John W. Booker & Co. says it serves both individuals and high-net-worth individuals, as well as employer-sponsored pension and profit-sharing plans, charitable foundations, corporations, estates, trusts and non-profit organizations. This fee-only firm calls for a minimum of $100,000 in investable assets to open an account.
John W. Brooker & Co., CPAs, PC Background
As it was established in 1983, John W. Brooker & Co., CPAs, PC is the oldest financial advisor firm on this list. Partners Daniel Beatty, Larry Jakubowitz and Joseph Wells independently own the firm.
The firm offers comprehensive financial planning, which takes into account all aspects of your financial life to create a workable plan. It also offers more goal-based services, like retirement planning, real estate investment analysis, higher education funding analysis, estate plan creation and review, mortgage and refinancing evaluation and insurance review.
John W. Brooker & Co., CPAs, PC Investing Strategy
Your personal risk tolerance, liquidity needs and time horizon will dictate how your assets are ultimately invested. However, the firm does have its own set of preferred investment types that it tends to use in client portfolios. These include domestic and foreign stocks and bonds, no-load mutual funds, exchange-traded funds (ETFs), certificates of deposit (CDs) and U.S. government securities.
The firm says it is focused on long-term, sustainable portfolio growth, but it also utilizes shorter-term investments to meet clients’ liquidity needs.
DHR Investment Counsel, Ltd
DHR Investment Counsel has a small team of three financial advisors overseeing the nearly $380.94 million under the firm's management. The team includes one certified financial planner (CFP). The fee-based firm's chief financial officer, Louise Rothman-Riemer, is also a licensed insurance professional and she may earn commissions from sales, which presents a potential conflict of interest. However, the firm is a fiduciary, meaning it's required to always act in clients' best interests.
Like a couple of other firms on this list, DHR Investment Counsel requires a minimum account size of $1 million, which is the highest minimum requirement on this list. The firm's clients include individuals, high-net-worth individuals, retirement plans and charitable organizations.
DHR Investment Counsel, Ltd Background
Founded in 1988, DHR Investment Counsel is employee-owned. The firm is both owned and operated by CEO Davis Riemer and chief financial officer and chief compliance officer Louise Rothman-Riemer.
Services offered by the firm include wealth management, which encompasses both investment management and financial planning, as well the facilitation of communication between the client and his or her other financial professionals.
DHR also offers retirement plan advisory services to plans and plan sponsors. This includes vendor analysis, employee enrollment and education tracking, asset allocation policy support, performance reports, ongoing investment recommendation and assistant, ERISA 404(c) assistance and benchmarking services.
DHR Investment Counsel, Ltd Investing Strategy
DHR Investment Counsel's investment approach centers on indexation. The firm says that it believes that index mutual funds offer a number of advantages, including "broad diversification, low costs and lower taxes." DHR generally invests for the long term, and it believes that this strategy aligns well with this time horizon.
The firm primarily uses index mutual funds from The Vanguard Funds Group and Dimensional Fund Advisors. It may also invest client assets in exchange-traded funds (ETFs) and individual stocks or bonds.
Ginsburg Financial Advisors, Inc.
Like two other firms on this list, Ginsburg Financial Advisors, Inc. has a minimum account size requirement of $1 million, the highest account minimum on this list. The firm’s typical clients are individuals and their families, businesses, trusts, estates, pension and profit-sharing plans and charitable organizations. The firm’s small team of three advisors has a total of four certifications, including three certified financial planners (CFPs) and one chartered financial analyst (CFA).
Ginsburg Financial Advisors is the only firm on this list that charges clients commissions when certain trades are made within their portfolios. This fee-based firm may also attempt to sell you insurance policies to supplement your advisory account, and advisors may earn commissions from sales. The firm is a fiduciary though, requiring it to act in your best financial interest at all times.
Ginsburg Financial Advisors, Inc. Background
Ginsburg Financial Advisors, Inc. is principally owned by its founder and president, Larry Ginsburg. Notably, Ginsburg has also served as an industry expert witness in various securities litigations since 1991. The firm, which was founded in 2007, is the youngest on this list. However, its advisors average 30 years in the financial field.
The financial planning and investment management services offered by Ginsburg can be customized according to your personal needs and financial information. The firm has the ability to create estate plans, education funding plans, tax minimization analyses, retirement plans and employee benefits reviews.
Ginsburg Financial Advisors, Inc. Investing Strategy
Ginsburg Financial Advisors uses tactical asset allocations to construct portfolios for clients. Through this, the firm aims to achieve diversification to avoid overinvesting in one or more currently overvalued markets. The firm instead looks to place your money into undervalued markets that are expected to increase in value in the future.
Ginsburg Financial Advisors intends for your investments to remain in your portfolio for a long time, but that doesn’t mean it won’t check in. The firm will periodically rebalance your portfolio to ensure that the original investment plan created for your account is still being enacted.
Financial Avengers, Inc.
Financial Avengers, Inc. works with individuals and their families, businesses and self-employed individuals. The firm says it focuses on serving the financial needs of gay men, lesbians, HIV-positive individuals and other minority groups. It’s the sole firm on this list that does not require a minimum account size.
This fee-based firm has two advisors on staff, making its advisory team among the smallest on this list. Clients of this firm may be offered insurance policies and sales may result in commissions for advisors. But because this firm is a fiduciary, it is required to act in your best interest.
Financial Avengers, Inc. Background
CEO Thomas Swift and COO Arthur McCord opened Financial Avengers, Inc. in June 2000. They remain the principal owners of the firm.
Financial Avengers customizes its services to fit clients’ individual needs and financial situations. The firm has experience with areas like debt management, estate transfer, investment management, company-sponsored benefit plan review and budget planning.
Financial Avengers, Inc. Investing Strategy
Financial Avengers, Inc. self-identifies as a buy-and-hold investor. It focuses on the long term and it avoids strategies like market timing, short selling and margin transactions.
Where your money is ultimately invested is determined based on your stated level of risk tolerance and any personal financial objectives you may want to achieve. To give a rough idea of how the firm typically invests its clients’ assets, Financial Avengers says it currently has 60% of its AUM allocated to stock, bond and balanced mutuals funds. The remaining 40% is invested in individual stocks, bonds and cash.