SCF Investment Advisors, Inc.
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.
SCF Investment Advisors is a Fresno-based firm with about 130 advisors managing more than $1.3 billion in assets under management (AUM). The financial advisor is compensated through a fee-based fee structure, allowing certain representatives to potentially earn commissions from the firm’s 6,000 clients.
SCF Investment Advisors also ranks No. 1 on our Fresno top financial advisors list.
SCF Investment Advisors Background
Founded in 2003, SCF functions as a privately owned subsidiary of SCF Holdings, Inc. 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) and Mark A. Townsend is also an owner.
SCF Investment Advisors Client Types and Minimum Account Sizes
SCF 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.
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’s 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.
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.
SCF Investment Advisors Fees
SCF’s 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 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 doesn’t have any disclosures. However, SCF’s two affiliates are SCF Securities, Inc., an independent broker-dealer, and SCF Marketing, Inc, an insurance agency.
This allows firm representatives to earn additional commission-based compensation if they recommend or sale 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.
Tips for Budgeting
- 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.
- If you’d like additional assistance with your finances, a financial advisor could be right for you. Still not sure where to start? SmartAsset’s free financial advisor matching service pairs you with up to three local advisors.
All information is accurate as of the writing of this article.