Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

SCF Investment Advisors Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

SCF Investment Advisors is a Fresno-based advisory firm with a large team of investment advisor representatives (IARs) managing over $1 billion in client assets.

However, SCF Investment Advisors is merely one of the three SCF companies. While SCF Investment Advisors offers investment advisory services, SCF Securities, Inc. provides securities, and SCF Marketing, Inc. offers insurance services.

The firm is compensated through a fee-based fee structure, allowing certain representatives to potentially earn commissions from the firm’s thousands of clients.

SCF Investment Advisors Background 

Founded in 2003, SCF Investment Advisors was acquired by Atria Wealth Solutions, Inc., in April 2021. As a subsidiary of Atria, SCF Investment Advisors is affiliated with many of financial services companies. 

The firm specializes in investment advisory services, but it relies on its broker-dealer affiliate, SCF Securities, Inc., to provide securities and brokerage services. 

Randy L. Meadows is the firm’s president and chief executive officer (CEO).

SCF Investment Advisors Client Types and Minimum Account Sizes

SCF Investment Advisors serves individuals and high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations or business entities. 

The firm generally imposes an account minimum of $10,000, but it retains the authority to waive this value. There is also a possibility of a higher minimum, up to $500,000, depending on the advisory service being received. 

Services Offered by SCF Investment Advisors 

SCF offers the following services:

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

The firm’s website also provides a digital chat feature that allows you to ask its team any questions. 

SCF Investment Advisors Investment Philosophy

SCF Investment Advisors' firm brochure lists many of the firm’s investment objectives, including its goal to preserve capital by choosing investments with a low risk of loss of principal. Among the firm’s other investment objectives are its aims to invest in tax-efficient securities while growing principal over time and generating income.

SCF’s investment strategies include charting, technical, cyclical and fundamental analysis. In making investment decisions, the firm employs long- and short-term purchases, trading, speculation, margin transactions and options transactions. 

Fees Under SCF Investment Advisors

SCF Investment Advisors' compensation mainly comes from asset-based fees, fixed fees and commissions. Both the firm’s financial planning fees and consulting fees are determined on a negotiated basis. Investment advisory and portfolio management fees are negotiable as well, and the firm charges fees for its co-advisory programs.

For SCF’s Assetmark Platform, fees may include financial advisor fees, platform fees and investment manager fees. All fees are negotiable up to a maximum of 1.95%. 

The firm charges additional fees for its advisory services. All clients must pay an annual administrative fee of $50 for utilizing SCF’s technology platform, while financial planning agreements come with a $30 per year administrative fee. Other fees include transaction fees charged by custodians for securities purchases or sales. Clients may encounter third-party fees such as sales loads, 12b-1 fees and surrender charges.

*Estimated investment management fees do not include administrative, brokerage, custodial, third-party manager or other fees, which can vary in amount. Fee amounts above are based on a maximum APY of 1.95%.
Estimated Investment Management Fees at SCF Investment Advisors*
Your Assets SCF Investment Advisors Fee Amount
$500K Up to $9,750
$1MM Up to $19,500
$5MM Up to $97,500
$10MM Up to $195,000

What to Watch Out For 

This firm has one regulatory disclosure on the Form ADV filed most recently with the SEC. In 2020, the SEC fined the firm $200,000 after alleging SCF Investment Advisors breached its fiduciary duty by when it "purchased, recommended, or held" mutual fund share classes that charged 12b-1 fees instead of lower-cost share classes of the same funds.

The SEC also alleged that SCF Investment Advisors purchased or recommended advisory clients to purchase cash sweep money market funds for which the firm received revenue sharing payments. The SEC alleged SCF Investment Advisors did not disclose this compensation and conflict of interest to clients. 

As a result, the firm accepted a censure and cease and desist order. It also paid $567,192.97 in disgorgement and pre-judgment interest to affected clients.

Beyond this disclosure, it's also important to note that representatives of the firm can earn additional commission-based compensation if they recommend or sell insurance or investment products. In doing so, a conflict of interest may arise if advisors favor such products for personal gain. 

The firm says it counters any conflicts of interest by honoring its fiduciary duty to work in each client’s best interest.

Opening an Account With SCF Investment Advisors

If you’re interested in setting up an account with SCF, you can email the firm, chat with the team through its website’s messaging feature, request a call or contact the firm’s toll-free number at (800) 955-2517.

All information is accurate as of the writing of this article.

Tips for Budgeting

  • If you’d like additional assistance with your finances, a financial advisor could be right for you. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Many people use investing as a way to save for retirement, but budgeting is an often overlooked, yet effective way of saving. If you can determine how much you’re spending compared to how much you’re earning, you’ll be able to make the necessary adjustments to reach your financial goals. Our budget calculator can help.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.