Finding a Top Financial Advisor Firm in San Ramon, California
There are many differences between financial advisor firms, so it’s important to know the details before choosing one. San Ramon, California is home to many such firms, so SmartAsset’s experts researched them to bring you this list of the top financial advisor firms in the city. SmartAsset’s financial advisor matching tool can add a more personalized touch to your financial advisor search.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Intersect Capital, LLC Find an Advisor||$668,112,577||$1,000,000|| || |
|2||The Pacific Center for Financial Services Find an Advisor||$593,907,577||$50,000|| || |
|3||Goldstein Munger + Associates Find an Advisor||$560,621,671||$15,000 minimum annual fee|| || |
Minimum Assets$15,000 minimum annual fee
|4||Insight Wealth Strategies, LLC Find an Advisor||$469,396,132||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Consilium Wealth Management Find an Advisor||$451,960,770||$10,000,000|| || |
|6||Prosperity Financial Group, Inc. Find an Advisor||$167,300,527||$100,000|| || |
|7||Cannon Beach Financial Advisors Find an Advisor||$160,292,916||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Insight Capital Management, LLC Find an Advisor||$154,233,375||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Simplex Wealth Management Find an Advisor||$96,814,634||$1,000,000|| || |
How We Found the Top Financial Advisor Firms in San Ramon, California
Only firms that are both registered with the SEC and located in San Ramon, California were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that either didn’t offer financial planning services, didn’t manage individual accounts or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Intersect Capital, LLC
With nearly $670 million in assets under management (AUM), Intersect Capital, LLC comes in as the top entry on our list. The fee-only firm’s seven-person advisory team also has the most certified financial planners (CFPs) of any firm on this list, with three CFPs on staff. There’s one certified public accountant (CPA) on staff here too.
In order to open an account with Intersect, you’ll need no less than $1 million in investable assets. However, the firm states in its Form ADV that it will consider waiving this requirement under certain circumstances. It appears to use this discretion somewhat often, as non-high-net-worth individuals outnumber high-net-worth individuals within its client base.
Intersect Capital, LLC Background
Intersect Capital has been in business for over two decades, having opened for business in 1997. Joseph McLean and David Shiell act as the firm’s managing directors, and chief compliance officer (CCO) Devin Blodgett rounds out its leadership team. Shiell, McLean and independent accounting and business consulting firm Armanino, LLP own Intersect.
Financial planning and investment management are integral parts of this firm’s services. These include:
- Retirement planning
- Tax planning
- Estate planning
- Risk management
- Wealth management
- Discretionary and non-discretionary portfolio management
- Asset allocation planning
Intersect Capital, LLC Investing Strategy
When working with a client for the first time, Intersect Capital looks to identify the different elements that will eventually affect how they will invest. In short, this involves going over your risk tolerance, investing goals, liquidity needs and time horizon. Based on these considerations, your advisor will formulate an asset allocation that can both help you reach your goals and meet your long-term income requirements.
The Pacific Center for Financial Services
The Pacific Center for Financial Services (PCFS) is our second-place firm, with almost $594 million in client assets under management (AUM). The staff here holds two advisory certifications: one certified financial planner (CFP) and one accredited investment fiduciary (AIF).
More than three-quarters of this firm’s client base is comprised of individuals beneath the high-net-worth threshold. PCFS also works with high-net-worth individuals and retirement plans. It requires a minimum initial investment of $50,000.
PCFS’ fee-based designation indicates that the firm has some advisors that can sell insurance and securities for a commission. Despite this potential conflict of interest, it still abides by fiduciary duty, legally binding it to act in clients’ best interests.
The Pacific Center for Financial Services Background
Stephen Schliesser formed The Pacific Center for Financial Services in 1997 after spending 12 years working in the financial services industry. Schliesser remains the firm’s president, CEO and owner to this day.
PCFS offers three distinct types of services: investment management, financial planning and insurance. Some specific services include retirement planning, tax planning, long-term care insurance planning, security recommendations, estate planning and college savings planning.
The Pacific Center for Financial Services Investing Strategy
At its core, this firm’s overarching investment strategy can be described as a long-term, diversified approach. It typically invests in no-load and load-waived mutual funds and exchange-traded funds (ETFs), as they’re inherently diversified. The firm may select stocks and bonds as well.
The firm has a number of model portfolios, which it may institute to create your asset allocation if your personal investor characteristics align well with one. Regardless of whether your allocation is original or based on a model, your advisor will monitor and rebalance your investments as they mature.
Goldstein Munger + Associates
Despite having just over 100 clients to its name, Goldstein Munger + Associates has $560 million in assets under management (AUM). The firm maintains relationships with a plethora of high-net-worth individuals and other institutions, like retirement plans, charitable organizations and businesses.
Rather than impose a standard minimum investment, Goldstein Munger has chosen to institute a $15,000 minimum annual fee. This requirement could make the firm’s services cost-prohibitive for clients with less to invest.
Goldstein Munger + Associates Background
Goldstein Munger + Associates can trace its history as far back as 1979 when Richard Goldstein founded R. M. Goldstein Accountancy Corporation. The firm changed to its current name in 1995. During this transformation, Robert Munger joined Goldstein as a principal owner of the firm. Goldstein is a certified public accountant (CPA) and a certified investment management analyst (CIMA); Munger is also a CPA, as well as a certified financial planner (CFP) and a personal financial specialist (PFS).
Clients of this firm can choose from services like investment management and financial consulting. Although these are typically offered together, you can choose to receive consulting as a stand-alone service.
Goldstein Munger + Associates Investing Strategy
For the most part, Goldstein Munger tends to invest in low-cost mutual funds and exchange-traded funds (ETFs) in its client portfolios. While many of these securities implement passive investing philosophies, the firm may decide to use active funds if it believes they can outperform the index.
Goldstein Munger also states that it may use individual securities like equities and bonds should your risk tolerance and other factors call for it. The firm will only implement this strategy if it believes that the addition of an individual investment will either improve your overall returns or shrink your overall risk level.
Insight Wealth Strategies, LLC
The 20-person staff of advisory employees at Insight Wealth Strategies, LLC is the largest on this list. In spite of its size, it has only one certified financial planner (CFP). Altogether, the firm has $469 million in client assets under its control.
Individuals and high-net-worth individuals make up the entire client base at Insight Wealth Strategies. There is no minimum account size at this firm.
Certain employees here can earn commissions when they sell insurance products or securities. This is a potential conflict of interest, but the fee-based firm abides by fiduciary duty nonetheless.
Insight Wealth Strategies, LLC Background
Although Insight Wealth Strategies became a registered investment advisor (RIA) in 2018, it has been in business since 2002. Over the years, the firm expanded beyond San Ramon to other cities in California and Texas. CEO David Chazin owns the firm.
There are no shortage of advisory services at this firm. Its primary offerings include long- and short-term financial planning, retirement planning, investment management, 401(k) rollovers, long-term care planning, tax minimization and life insurance planning.
Insight Wealth Strategies, LLC Investing Strategy
Insight Wealth Strategies invests client assets in individual stocks and bonds, options, mutual funds and exchange-traded funds (ETFs). What percentage each of these securities will occupy within your portfolio will vary based on multiple factors. These could range from your personal tax standing to your risk tolerance, time horizon and liquidity needs.
Once your money is invested, Insight’s team will continuously monitor how your investments are performing. Should your asset allocation shift considerably from its target, the firm will rebalance your portfolio.
Consilium Wealth Management
No firm on this list has a higher minimum account size than Consilium Wealth Management: New clients of the fee-only firm are required to have at least $10 million in investable assets. As a result, the firm works mostly with high-net-worth individuals, though some non-high-net-worth individuals have accounts as well.
In terms of assets under management (AUM), Consilium’s $451 million dwarfs the next firm on this list, Prosperity Financial Group, by nearly $300 million. The firm has a three-person advisory staff; we weren’t able to find information on their advisory certifications.
Consilium Wealth Management Background
Firm president John Seo founded Consilium Wealth Management in 2010. Today, he remains the firm’s principal owner. Seo has a lengthy past in financial services that stretches over two decades.
The services at this firm can be divided into three pillars: portfolio management, financial planning and outside advisor selection.
Consilium Wealth Management Investing Strategy
Consilium Wealth Management believes there should be a strong correlation between your investment portfolio and your overall financial plans. To make this relationship a reality, the firm will create each of these plans concurrently so as to best align them with your risk tolerance, time horizon, liquidity needs and investment goals. It will also account for your tax situation to keep your portfolio as tax-efficient as possible.
Prosperity Financial Group, Inc.
Prosperity Financial Group, Inc. is unique in that its client base is currently comprised of only non-high-net-worth individuals. On this staff, you’ll find two chartered life underwriters (CLUs), one certified financial planner (CFP) and one chartered financial consultant (ChFC). The minimum account size here is $100,000.
As a fee-based firm, a portion of Prosperity Financial Group’s advisory employees have the opportunity to sell insurance products on a commission basis. This has the potential to be a conflict of interest. Regardless, the firm and its advisors still abide by fiduciary duty.
Prosperity Financial Group, Inc. Background
Prosperity Financial Group first opened in 1993, and it became a registered investment advisor (RIA) in 2010. Principal Elliot Kallen founded the firm, and he now co-owns it with principal Charles Ballweg.
The asset management services at this firm involve investment planning and regular portfolio supervision. It also offers financial planning services, with advisors offering retirement planning, estate planning, education fund planning, charitable gift planning and more.
Prosperity Financial Group, Inc. Investing Strategy
Prosperity Financial Group is heavily focused on the in-depth monitoring of the investment portfolios it creates. It does this for many reasons, but the most important is that it wants to keep your original asset allocation intact. Should your investor profile change, though, a rebalancing may be necessary to bring your portfolio up to date.
Cannon Beach Financial Advisors
There are just two advisors working in Cannon Beach Financial Advisors’ San Ramon offices. One of these advisors is a certified financial planner (CFP). This fee-only firm manages $160 million in client assets.
Although this firm does not enforce a minimum account size, high-net-worth individuals are the most common client type it works with. Otherwise, Cannon Beach maintains relationships with non-high-net-worth individuals, small businesses and retirement plans.
Cannon Beach Financial Advisors Background
Principals Junmin Chang and Gregory Rogers each own part of Cannon Beach Financial Advisors; Chang founded the firm in 2006. This duo has a combined 43 years of experience working in investment management and other financial services.
Cannon Beach has a wide range of services for clients. These primarily include individual portfolio management, consulting and financial planning, with more specific services including:
- Custom, goal-based and tax efficient investing
- Cash flow planning and analysis
- Tax planning
- Risk management
- Retirement income planning
- Small business opportunities
- Emergency fund planning
- Wealth transfer
- Beneficiary designation review
Cannon Beach Financial Advisors Investing Strategy
Cannon Beach’s premier concern when working with a new client is building an appropriate asset allocation for your needs. To do this well, the firm will work with you to figure out your time horizon, tolerance for risk, income needs and investment objectives. The firm uses three main categories of investments to flesh out these asset allocations: securities, fixed-income instruments and cash.
Insight Capital Management, LLC
Insight Capital Management, LLC has $154 million in assets under management (AUM) with only one financial advisor on staff. This advisor is David Rice, the firm’s president and chief compliance officer (CCO). Rice has no advisory certifications.
Insight Capital has 322 clients, all of whom are non-high-net-worth individuals. However, the firm does state in its Form ADV that it can also handle the needs of estates, trusts, businesses, charitable organizations, foundations and pension and profit-sharing plans. The firm doesn’t impose an account minimum.
This fee-based firm employs some advisors that sell insurance products on a commission basis. While this is a potential conflict of interest, the firm is still a fiduciary, and therefore must act in clients’ best interests.
Insight Capital does not have a website.
Insight Capital Management, LLC Background
David Rice is the principal owner of Insight Capital Management, and chief operations officer (COO) Denise Tracy holds a minority stake. The firm was founded in 2016 by Rice, but it achieved status as a registered investment advisor (RIA) in 2017.
Investment supervisory is the hallmark service of Insight Capital. If you work with the firm, it will create an asset allocation and investment strategy based on your personal needs and offer investing advice.
Insight Capital Management, LLC Investing Strategy
Insight Capital Management invests in and gives advice on a plethora of different securities. These include stocks, bonds, warrants, certificates of deposit (CDs), mutual funds, futures contracts, commodities, commercial paper, variable insurance products, structured notes and more.
While none of the investments above are particularly unique, the firm’s offer to take client-based security restrictions into account is fairly rare among advisory firms. When you and your advisor are digging into your risk tolerance, time horizon and other important factors, you’ll be given time to talk about what securities you don’t want to invest in.
Simplex Wealth Management
Simplex Wealth Management has $96.8 million in assets under management (AUM) and three financial advisors on staff. An overview of the certifications these advisors might have is unavailable.
The client base at this firm is split about 60/40 between individuals and high-net-worth individuals. Simplex claims in its Form ADV that it’s also worked with trusts, estates, businesses, charitable organizations and retirement plans. There is a $1 million minimum account size at this firm.
This fee-based firm is also a licensed insurance agency. Therefore, some of its advisors can earn commissions from the sale of insurance products to clients. Despite the potential for a conflict of interest, Simplex and its staff are fiduciaries and must act in your best interest at all times.
Simplex Wealth Management Background
Principal John Seo owns Simplex Wealth Management, which was founded in 2011. Seo also owns the fifth-place firm on this list, Consilium Wealth Management. Despite Simplex and Consilium offering similar services, the firm’s are distinctly different from one another. The most glaring variation between these firms is their respective account minimums, as Consilium requires a $10 million investment, whereas Simplex calls for just $1 million.
New clients of this firm will gain access to overarching financial planning and investment portfolio management services. As is stated above, Simplex is an insurance agency, so it provides insurance products as well.
Simplex Wealth Management Investing Strategy
Rather than institute a firm-wide investment philosophy, Simplex Wealth Management has chosen to customize its asset allocations and investment decisions based on clients’ needs. This involves doing a deep dive into your personal risk tolerance, liquidity needs, time horizon and investment objectives.
Through the analysis of this information, the firm will build a portfolio for you that’s both risk-adjusted and tax-efficient. Simplex also tends to prefer asset allocations with a long-term angle.