Top Financial Advisors in Sacramento, CA

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Lucas Group Financial Planners is the fourth firm on our list of the top Sacramento financial advisor firms. The fee-based firm's team includes one certified financial planner (CFP) and one enrolled agent (EA).

The majority of Lucas Group's clients are individuals without a high net worth, though it does serve a number of high-net-worth individuals. It can also provide advisory services to pension and profit-sharing plans (other than plan participants), as well as corporations or other businesses. For model portfolio management services, Lucas Group requires a minimum of $100,000 under management.

Employees of Lucas Group are also separately licensed as registered representatives of a broker-dealer and/or as insurance agents. They earn commissions from sales of these products, which presents a potential conflict of interest. Additionally, one of the firm's employees is also a qualified tax practitioner who charges a separate fee for tax preparation services. The firm is bound by fiduciary duty, though, requiring it to put clients' best interests before its own.

Lucas Group Financial Planners Background

Lucas Group Financial Planners is an employee-owned firm that's been in business since 2004. Gregory Lucas, the firm's president, owns 80% of Lucas Group. Matthew Page, a partner at the firm, owns the remaining 20%.

Lucas Group provides investment services to clients through model asset allocation portfolios. The firm's model portfolios are each designed to meet certain investment goals and risk tolerance levels. Additionally, the firm can offer advisory management services through the selection and monitoring of third-party money managers. Lucas Group also provides financial planning services, addressing areas including tax and cash flow, investment, insurance, retirement, death and disability and estate planning. The firm specializes in income tax planning.

Lucas Group Financial Planners Investment Strategy

As mentioned above, Lucas Group Financial Planners offers its clients model asset allocation portfolios. These portfolios are designed to meet different investment goals and suit different levels of risk tolerance, and the firm subsequently manages client portfolios according to their financial situation, objectives and risk tolerance. Lucas Group actively manages portfolios on a discretionary basis, meaning its advisors do not need to consult clients when making individual moves within a portfolio. Common investments that the firm provides advice on include exchange-listed securities and mutual fund shares.

Alternatively, Lucas Group provides advisory management services through the selection and monitoring of third-party money managers. In this scenario, the firm will provide clients with an asset allocation strategy based on conversations about their goals and objectives and then select an appropriately registered investment advisor (RIA) for the client. The third-party managers will be responsible for monitoring client accounts and making trades. Lucas Group earns a portion of the fees charged by third-party money managers.

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Brown Robello Capital Management is a fee-based firm and occupies the No. 2 spot on our list of Sacramento's top firms. In addition to its Sacramento office, it has an office in Reno, Nevada. The firm minimum initial investment amounts range from $50,000 to $1 million, depending on the type of services and portfolio you choose. Its current client base includes both individuals and high-net-worth individuals, as well as pension and profit-sharing plans, corporations or other businesses.

The company has a limited number of advisors on staff, who may earn commissions on certain transactions, like the sale of securities or insurance products. Despite the potential conflict of interest, this creates, BRCM is a fiduciary and must act in its clients' best interests.

While it was established in 2001, this firm does not have its own website.

Brown Robello Capital Management Background

Kenneth Brown and Alan Robello are the founders and owners of BRCM. Brown is also the CEO and co-founder of Avisen Securities, a boutique investment securities firm. According to the firm’s SEC brochure, BRCM recommends clients use Avisen as the broker-dealer of their investment accounts (a potential conflict of interest you should note).

Robello, the co-founder, serves as the managing member and chief compliance officer of BRCM. He’s worked in the securities industry for over 15 years and is a former Merrill Lynch employee. Robello serves as president of Avisen Securities.

Brown Robello Capital Management Investment Strategy

Opening an investment management account with BRCM, you'll have a number of portfolio options from which to choose. While BRCM offers its own investment portfolio, its clients can also select from several other strategies, including some offered by Lockwood Capital Management and a few other companies. Portfolio managers at BRCM may use LCM’s five portfolio models to match your financial needs with the model that would best accomplish your stated objectives.

This firm has the most complex set of relationships within its asset management system that we’ve come across so far. You may want to ask your advisor about each program and associated fee before agreeing to a management relationship.

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Hansen & Associates Financial Group is a fee-based advisory firm that offers a plethora of services including financial planning, financial consulting, portfolio management, selection of third-party advisors and retirement plan consulting. There is no minimum account requirement to work with the firm and it works with individuals, corporations and other business entities. 

As a fee-based advisory firm, Hansen & Associates or its advisors may earn commissions for the sale of certain securities. This could create a conflict of interest in some situations but the firm is bound by a fiduciary duty to put the needs of the client first. 

Hansen & Associates Background

The firm was founded in 1989 by Mark Hansen and currently has a team of two advisors. Mark holds the designations of a certified financial planner (CFP) and chartered financial consultant (ChFC). The firm currently has more than $140 million in assets under management (AUM). 

Hansen & Associates Investment Strategy

The firm primarily uses a quantitative approach to analyzing the market for opportunities that fit the longevity and goals of each individual client. Its advisors use a bunch of different investment types in the accounts of clients. Some of these potential investments include: 

• Bonds
• Commodities
• Precious metals
• ETFs
• Mutual funds
• Real estate

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Adams Ashby Financial Advisors, officially registered with the SEC as AF Advisors, Inc., is a fee-only firm based in Sacramento. It’s the only firm on this list that does not have a minimum balance requirement. The firm works with individuals, high-net-worth individuals, trusts, estates, charitable organizations, pension and profit-sharing plans and various types of businesses.

The firm has a small number of advisors on staff working with its relatively small client base. At least one of the advisors holds the designation of a certified financial planner (CFP).

Adams Ashby Financial Advisors (AF Advisors) Background

Adams Ashby Financial Advisors, or AF Advisors, Inc., has been in business since 2009. It's owned by Jeff Adams, the firm's chief compliance officer and an advisor, and Nina Adams.

Adams Ashby offers financial planning, investment management, portfolio review and pension consulting to its clients. Its financial planning services focus on six main areas: 

• Retirement planning
• Investment profile assessment
• Investment and real estate holdings review
• Income and estate tax reduction analysis and planning
• Family budgeting and financial progress coaching
• Family financial documents review

Adams Ashby Financial Advisors Investment Strategy

Adams Ashby Financial Advisors offers comprehensive portfolio management, which includes both asset management and financial planning/consulting. The firm seeks to meet clients' financial goals through their investments, and it develops an appropriate investment approach based on the information advisors learn about clients in initial meetings. 

Common investments used in client portfolios include exchange-traded funds (ETFs), mutual funds and individual stocks or bonds. It may employ a range of investment strategies, including long-term and short-term purchases, short sales, trading, margin transactions and options.

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Boyd Wealth Management, the fifth and final firm on our list, is a fee-based outfit specializing in serving business owners who are either within five years of exiting their business or have already exited. The firm's current client base includes a relatively even split of individuals and high-net-worth individuals. It's also capable of working with trusts, estates, charitable organizations, pension and profit-sharing plans and businesses.

Boyd has the highest minimum on this list, requiring a minimum account balance of $1 million for its comprehensive portfolio management service.

Boyd has advisors who hold the designations of certified financial advisors (CFPs) and chartered financial analysts (CFA). This is a fee-based firm, as it earns commissions from selling insurance products in addition to the fees its clients pay. Boyd is a fiduciary though, requiring it to always act in clients' best interests.

Boyd Wealth Management Background

Boyd Wealth Management is a relatively new firm, founded in 2018. It's owned by managing partner Brian Boyd and partner Ryan Triplett. Boyd owns 75% of the firm and Triplett owns the remaining 25%.

The firm offers the following services:

• Comprehensive portfolio management
• Asset management
• Financial planning and consulting
  • Investment planning
  • Retirement planning
  • Estate planning
  • Charitable planning 
  • Education planning
  • Corporate and personal tax planning
  • Mortgage/debt analysis
  • Insurance analysis
  • Lines of credit evaluation
  • Corporate structure
  • Real estate analysis
  • Business and personal financial planning
• Retirement plan consulting

Boyd Wealth Management Investment Strategy

Boyd Wealth Management creates a customized asset allocation for each client based on their risk tolerance, time horizon, tax situation and investment goals. The firm prioritizes both diversification and tax efficiency when investing. Individual stocks, bonds, exchange-traded funds (ETFs), options and mutual funds are commonly used.

The firm believes that investor behavior is a determinant of long-term investment outcomes, so it steps in to act as a partner to clients as they weather the typical ups and downs. Boyd relies on an asset allocation approach based on the principle that different assets perform differently in different market and economic conditions.