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.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Allworth Financial, L.P. Find an Advisor||$10,118,711,655||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Brown Robello Capital Management Find an Advisor||$258,203,948||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Adams Ashby Financial Advisors Find an Advisor||$214,858,905||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Lucas Group Financial Planners, Inc. Find an Advisor||$236,609,249||$100,000|| || |
|5||Boyd Wealth Management, LLC Find an Advisor||$205,929,221||$1,000,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Sacramento, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Allworth Financial, Sacremento's top-rated advisory firm, is a fee-based advisor serving thousands of clients across the country. 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 $250,000 for porfolio management, but clients looking to participate in the firm's Individual Equities Strategy or Individual Bond Strategy will need $500,000. Its advisory team includes 15 certified financial planners (CFPs), two chartered retirement planning counselors (CRPCs), four certified fund specialists (CFSs), among other accredited professionals.
Allworth charges asset-based fees, hourly fees and fixed 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 80% owned and conrolled, through intermediate subsidiaries, by the Ontario Teacher's Pension PLan and Lightyear Capital.
Allworth has offices in Texas, Ohio, California, Colorado, Michigan, Georgia, Arizona, Washington. It 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 numerous asset allocation strategies when making investment decisions on behalf of clients.
The firm typcially uses several core strategies that invest client assets in mutual funds. They are:
- Fixed Income: 0% equity, 100% fixed income
- Income Plus: 20% equity, 80% fixed income
- Conservative Growth: 40% equity, 60% fixed income
- Balanced: 50% equity, 50% fixed income
- Moderate Growth: 70% equity, 30% fixed income
- Growth: 80% equity, 20% fixed income
- Strategic Growth Opportunities: 100% equity
Brown Robello Capital Management
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, dependin 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.
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 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. 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.
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.
Lucas Group Financial Planners, Inc.
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 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, 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 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.
Boyd Wealth Management, LLC
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 two certified financial advisors (CFPs) and one chartered financial analyst (CFA) on staff. 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.