Finding a Top Financial Advisor in Sacramento, California
Entrusting your financial future to a stranger is never easy. That’s where we come in. We’ve researched the top advisor firms in Sacramento, California, giving you all the details you need to get a grasp of each company in the list below. If you’re still undecided, you can try our financial advisor pairing tool for a tailored recommendation.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Allworth Financial, L.P. Find an Advisor||$8,095,778,922||$100,000|| || |
|2||Strategic Wealth Advisors Group Find an Advisor||$4,541,006,252||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Genovese Burford & Brothers Wealth and Retirement Plan MGMT Find an Advisor||$2,156,440,768||$500,000|| || |
|4||Brown Robello Capital Management Find an Advisor||$245,766,853||$100,000|| || |
|5||Lucas Group Financial Planners, Inc. Find an Advisor||$208,625,699||$100,000|| || |
|6||Adams Ashby Financial Advisors Find an Advisor||$165,303,593||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Boyd Wealth Management, LLC Find an Advisor||$150,518,701||$1,000,000|| || |
How We Found the Top Financial Advisor Firms in Sacramento, California
We only looked at financial advisor firms registered with the U.S. Securities and Exchange Commission (SEC). SEC-registered companies meet a certain assets under management threshold, are fiduciaries and must file paperwork with the government each year, which means more oversight and accountability. That means many firms didn’t even make the initial cut. Further criteria included eliminating firms with disclosures or disciplinary actions and any firm that doesn’t manage individual client accounts. We then ordered the list by assets under management, from most to least. All information is accurate as of the writing of this article.
Allworth Financial, L.P. is a fee-based firm serving more than 11,000 clients. The firm’s client base includes non-high-net-worth individuals, high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and corporations.
Allworth generally requires an account minimum of $100,000, and the firm charges asset-based fees, hourly fees, fixed fees and performance-based fees for its advisory services. However, some of the firm's advisors also sell securities and insurance on a commission basis, which creates a potential conflict of interest. The firm mitigates this arrangement by working under a fiduciary responsibility, legally binding it to act in clients' best interests.
Allworth Financial Background
Allworth Financial has been in business since 1993. The firm is owned by private equity firm Parthenon Capital Partners, as well as a holding company called HMG Holdco, Inc. HMG Holdco is, in turn, owned by Allworth co-founders Patrick McClain and Scott Hanson.
Allworth provides investment management, financial planning, newsletters, pension consulting and educational seminars to clients. The firm also offers a wrap fee program, which consolidates all fees into a single charge.
Allworth Financial Investment Strategy
Allworth Financial utilizes quantitative and qualitative analysis when evaluating investments, asset classes and strategies, according to its firm brochure. The firm also uses more than 15 asset allocation strategies when making investment decisions on behalf of clients.
Allworth primarily invests in exchange-listed securities, securities traded over-the-counter, exchange-traded funds (ETFs), foreign issues, corporate debt securities (other than commercial paper), certificates of deposit (CDs), municipal securities, variable life insurance, variable annuities and other asset types.
Strategic Wealth Advisors Group
Strategic Wealth Advisors Group DBA The Financial Services Network is also a fee-based firm, allowing it to earn both asset-based compensation and commissions from certain investment products. The firm currently serves more than 23,300 clients, including individuals, high-net-worth individuals and pension and profit sharing plans.
The fim has minimum account size requirements which range from $5,000 to $25,000 depending on the program.
Strategic Wealth Advisors Group Background
Established in 2016, Strategic Wealth specializes in portfolio management, financial planning, pension consulting and advisor selection.
The firm is wholly owned by Honor Bound Partners, LLC.
Strategic Wealth Advisors Group Investment Strategy
When conducting investment research and evaluating securities, Strategic Wealth primarily employs fundamental analysis, technical analysis and quantitative and qualitative analysis. Key investment strategies the firm utilizes include long-term purchases, margin transactions, short-term purchases, trading, short sales, options purchases and option writing.
Genovese Burford & Brothers Wealth and Retirement Plan Management
The third spot for Sacramento goes to another fee-based firm: Genovese Burford & Brothers Wealth and Retirement Plan Management, or GBB for short. GBB manages more than 1,600 accounts. GBB is also responsible for a sizeable amount of funds. In fact, the company manages billions in client assets.
You will need at least $500,000 to become a client at GBB. The firm's current client base includes individuals, high-net-worth individuals, pension and profit-sharing plans, charitable organizations and corporations or other businesses.
Altogether, the firm has 12 certified financial planners (CFPs), one accredited investment fiduciary (AIF), three certified public accountants (CPAs) and one chartered life underwriter (CLU). Certain employees of the firm are also representatives of a broker-dealer and/or insurance agents. Because they earn commissions in these roles, this may create a conflict of interest. The firm is a fiduciary though, requiring it to act in clients' best interests.
Genovese Burford & Brothers Wealth and Retirement Plan MGMT Background
Mike Genovese, certified financial planner (CFP), and Lon Burford, CFP, have worked together since the early 1980s. In the late 80s, they started Genovese Burford & Brothers with the vision of “putting clients’ interests first.” The company’s motto continues to be, “Your best interest. Always.” In the years since founding, GBB has grown from three to 20 advisors.
The firm provides investment advisory services, financial planning and consulting services and retirement plan consulting services.
Genovese Burford & Brothers Wealth and Retirement Plan MGMT Investment Strategy
GBB advocates a strong planning process behind every portfolio’s construction. This means your initial discussions with your advisor will guide your portfolio’s makeup. Your advisor will consider your financial profile, time horizon, risk tolerance and objectives and goals.
The company follows five core principles for its investment strategies: simple and cost efficient, rational, disciplined, durable and explainable. This means your advisor should be able to explain, in simple terms, why assets were chosen and what each means for your portfolio.
Portfolios are well-diversified, liquid, low-cost and generally consist of ETFs and mutual funds. Your portfolio will be rebalanced periodically, and the company uses a long-term approach with most investments.
Brown Robello Capital Management
Brown Robello Capital Management is a fee-only firm that manages hundreds of millions. In addition to its Sacramento office, it has an office in Reno, Nevada. The firm typically requires a $100,000 initial investment. Its current client base includes both individuals and high-net-worth individuals as well as pension and profit-sharing plans and corporations or other businesses.
The company has a limited number of advisors on staff. Despite being 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 will mean working with Lockwood Capital Management. Portfolio managers at BRCM use LCM’s five portfolio models to match your financial needs with the model that would best accomplish your stated objectives.
There are five Lockwood asset allocation portfolios: current income, growth and income, conservative growth, moderate growth and growth. Each model corresponds with the objective (indicated by the name). In addition to these portfolios, BRCM also offers portfolios through Lockwood investment strategies and a few other companies.
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.
Lucas Group Financial Planners, Inc.
Lucas Group Financial Planners, Inc. is the fifth firm on our list of the top Sacramento financial advisor firms with millions in assets under management (AUM). The firm's team includes two certified financial planners (CFPs) 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) and 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, Inc. 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 difference 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. 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 appropriate 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.
Adams Ashby Financial Advisors
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's clients include 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. One of the advisors is 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, the second advisor at the firm.
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 (AF 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.
Boyd Wealth Management, LLC
Boyd Wealth Management, LLC is a Sacramento-based firm that specializes 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.
Both of Boyd's advisors are certified financial advisors (CFPs) and chartered financial consultants (ChFCs). This is a fee-based firm, as it earns commissions from selling insurance products in addition to the fees its clients pay. It is a fiduciary though, requiring it to always act in clients' best interests.
Boyd Wealth Management Background
Boyd Wealth Management is a 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. To further remove the influence of emotion on investment decisions, the firm relies on evidence-based security selection as well as portfolio rebalancing as necessary.