Though Portola Partners Group offers advisory services to several client types, the firm focuses on one set in particular -- all of its assets under management come from high-net-worth individuals.
Portola Partners is a fee-only firm, meaning the firm doesn’t sell products for commissions. The firm only earns its compensation from the advisory services it provides. Portola’s compensation arrangements consist of asset-based fees, hourly fees and fixed fees.
This financial advisor, which is located in Menlo Park, California, currently manages billions in non-discretionary assets for several client families. Portola's team of advisors includes a certified financial planner (CFP).
Portola also ranks No. 1 on our list of the top financial advisors in Menlo Park and appears on our list of top financial advisors in California.
Portola Partners Group Background
Portola Partners was established in 2020 as a privately owned limited liability company. The registered investment advisor (RIA) provides an array of wealth management and non-discretionary investment services.
While previously owned by Steven R. Rehmus and Zachary A. Herlick, the firm is now a Portola Partners is a wholly-owned subsidiary of CI Private Wealth US, LLC, which in turn is an indirect majority-owned subsidiary of CI Financial Corp.
Portola Partners Group Client Types and Minimum Account Sizes
Portola Partners offers services to high-net-worth individuals, families, endowments, foundations, pension and profit sharing plans, trusts, estates and other charitable organizations.
The firm does not maintain minimum account sizes. According to its latest Form ADV, for individuals and families who wish to become clients, the firm does look out for those with "substantial investment assets (i.e., typically in excess of $5 million)."
Services Offered by Portola Partners Group
Portola offers the following advisory services:
- Portfolio management
- Financial planning
- Selection of other advisors (including private fund managers)
Portola Partners Group Investment Philosophy
Portola strategies focus on long-term investments in diversified portfolios of marketable and non-marketable investments, according to the firm’s brochure. The firm says each portfolio utilizes a long-term target asset allocation strategy. In maintaining return potential, advisors also commonly employ portfolio rebalancing.
Portola’s marketable asset classes include no-load mutual funds and exchange-traded funds (ETFs). The firm also invests in equities, warrants, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, U.S. government securities, options contracts, futures contracts, interests in six Portola Partners limited partnerships and investment company securities.
Portola Partners Group Fees
Portola’s firm brochure doesn’t specify fee schedules for all of its advisory services, but the firm does provide fee information for consultation services and portfolio management services. For ad-hoc or project-based consultation, the firm charges hourly rates ranging from $100 to $2,500 per hour. The firm’s standard portfolio management advisory fees range from 0.15% to 1.00% of assets.
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. Estimated fees don't include annual minimum fees. | |
| Estimated Investment Management Fees at Portola Partners Group * | |
| Your Assets | Portola Partners Group Fee Amount |
| $500K | $750 to $5,000 |
| $1MM | $1,500 to $10,000 |
| $5MM | $7,500 to $50,000 |
| $10MM | $15,000 to $100,000 |
Learn more about advisors' typical costs here.
What to Watch Out For
Portola Partners doesn’t have any legal, civil or regulatory disclosures reported on its Form ADV. This firm is also a fiduciary and fee-only business, so you won’t have to worry about any conflicts of interest or hidden fees.
Opening an Account with Portola Partners Group
You can set up an appointment with Portola by visiting the firm’s Menlo Park office or by calling the firm at (650) 433-8779.
All information is accurate as of the writing of this article.
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