Finding a Top Financial Advisor Firm in Walnut Creek, California
Finding the right financial advisor for you and your family isn’t always easy. If you're looking for an advisor in Walnut Creek, California, our list of the city's top financial advisor firms can make your search easier. Below you’ll find a breakdown of each firm, with information detailing their account minimums, fee schedules, client base and more. SmartAsset’s financial advisor matching tool can also connect you directly with advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Destination Wealth Management Find an Advisor||$2,752,282,359||$500,000|| || |
|2||Thomas Doll Find an Advisor||$1,069,879,374||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Burton Enright Welch Find an Advisor||$751,392,750||$250,000|| || |
|4||Bedell Frazier Investment Counselling, LLC Find an Advisor||$520,934,955||$500,000|| || |
|5||J.P. King Advisors, Inc. Find an Advisor||$511,400,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Castle Rock Wealth Management, LLC Find an Advisor||$297,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Shone Wealth Management Find an Advisor||$283,494,777||$500,000|| || |
|8||Cedar Wealth Management Find an Advisor||$267,742,876||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Boltwood Capital Management Find an Advisor||$215,237,271||$1,000,000|| || |
|10||Park, Miller, LLC Find an Advisor||$188,865,484||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Walnut Creek, California
SmartAsset limited its list to firms registered with the U.S. Securities and Exchange Commission (SEC) in Walnut Creek, California. We only considered SEC-registered companies because such companies have a fiduciary duty to act in their clients’ best interests. Next, we removed any firms that have disclosures, lack financial planning services or do not manage individual accounts. The top firms to meet these criteria are listed here, ordered by assets under management (AUM). All information is accurate as of the writing of this article.
Destination Wealth Management
Destination Wealth Management takes the top spot on our list. The firm has nearly 1,000 individual clients, most of whom have a high net worth. The rest of the firm's client base is comprised of non-high-net-worth individuals, pooled investment vehicles, pension and profit-sharing plans, charitable organizations and businesses.
In order to become a client of this firm, you'll need at least $500,000 in investable assets. However, the firm may decide to reduce or waive this minimum at its discretion.
The firm has a wealth management offering, which combines your investment portfolio with a financial plan. By doing this, the firm hopes to align all of your financial needs. Typical financial planning services include retirement planning, tax management, estate planning and review, insurance needs analysis, family and charitable giving planning, education fund planning and more.
Destination Wealth Management Background
Destination Wealth Management has been in business since 1996. The firm was founded by Michael Yoshikami, who now acts as CEO, chairman and lead member of the portfolio strategy committee. Yoshikami has more than 35 years' experience in the financial services industry. In addition to its Walnut Creek office, Destination can meet directly with clients in Sacramento, Fresno and Santa Clara.
There are quite a few certifications across the advisory team at Destination Wealth Management. These include 18 certified financial planners (CFPs), two chartered financial analysts (CFAs), one chartered SRI counselor (CSRIC), one enrolled agent (EA), two certified divorce financial analysts (CDFAs) and one chartered special needs consultant (ChSNC).
Destination Wealth Management Investment Strategy
On a firm-wide basis, Destination Wealth Management believes in investing with an eye towards long-term returns. More specifically, the firm states in its Form ADV that its focus "tends to be on longer-term trends that we see having a financial impact on investable assets." Despite this approach, the firm realizes that short-term trends in the market may be necessary to adjust for. In these cases, the firm will make investment decisions by combining fundamental analysis with a review of current market trends.
Destination believes in diversification across every asset allocation it creates. These allocations will be decided on based on your personal financial goals, risk tolerance and time horizon. The firm usually invests in stocks, bonds, mutual funds, exchange-traded funds (ETFs), ex-U.S. positions, options and commodity assets.
With more than 1,100 clients, Thomas Doll has one of the largest client bases on this list. Non-high-net-worth individuals, high-net-worth individuals, pension plans, charitable organizations and corporations all work with the firm.
Thomas Doll provides a range of services, including wealth management, financial planning, automated investing through the TD SMART Investing program and consulting for employee benefit plans. The firm has a minimum account size of $100,000 for wealth management services and $5,000 for the TD Smart program. If you wish to utilize the tax-loss harvesting feature of the TD Smart Investing program, its aforementioned minimum will raise to $50,000.
As a fee-based firm, certain on-staff financial advisors at Thomas Doll can earn commissions from insurance sales, which causes a potential conflict of interest. Despite this, the firm is bound by fiduciary duty to act in clients' best interests at all times.
Thomas Doll Background
Thomas Doll was founded in 1999, and it’s currently owned by the shareholders of Thomas Doll CPAs, P.C., an accounting business. Thomas Doll CPAs has been in business since the 1960s. Almost all of the firm's advisors are certified public accountants (CPAs).
Fees for wealth management services are percentage-based, ranging from 0.60% to 1.00% of your AUM. If you take part in the TD Smart Investing program, you’ll pay a 0.50% fee. Financial planning services come with a fixed fee of around $2,000, and periodic updates to that plan will run you between $50 and $125 depending on how frequently it’s updated.
Thomas Doll Investment Philosophy
Thomas Doll primarily uses passively managed mutual funds to construct client portfolios. It also integrates conservative fixed-income securities to adjust the risk profile of portfolios when necessary. The firm may invest in exchange-traded funds (ETFs) to better access a certain market sector.
The core belief that underscores the firm’s approach to investing is that markets are efficient over the long term. Therefore, by adhering to broad diversification and keeping the long view, the firm is confident that it’s giving its clients the best chance for sustainable success.
Burton Enright Welch
Burton Enright Welch has been providing investment advice in Walnut Creek for over 30 years. The firm principally works with individuals of both a high-net-worth and non-high-net-worth nature. Institutional clients include pension plans, charitable organizations and businesses.
The firm specializes in investment management and financial planning, as well as consulting for 401(k) and other retirement plans. Occasionally, the firm may allocate a portion or all of a client’s assets with independent managers. New clients are generally required to have $250,000 in investable assets, though this requirement can be waived.
Burton Enright Welch is a fee-only firm; while some of its advisors are licensed insurance agents, they do not receive any commissions. All of the firm's compensation comes from client-paid fees.
Burton Enright Welch Background
Burton Enright Welch was founded in 1989, but its SEC registration dates to 2008. Three principals own the firm, and they're the partners who give the firm its name: Peter M. Burton, Robert D. Enright and Jeremy A. Welch. Among the firm’s advisors, six are certified financial planners (CFPs) and one is a chartered financial consultant (ChFC).
Fees for investment management services are based on a percentage of client assets that can range from 0.30% to 1.50%. These fees are typically not negotiable. For financial planning or consulting fees, the firm charges either a $350 hourly rate or a $2,500 to $50,000 flat rate. The latter varies depending on the scope and complexity of your financial situation.
Burton Enright Welch Investment Philosophy
Burton Enright Welch generally recommends that clients invest in a combination of mutual funds, exchange-traded funds (ETFs), individual stocks and bonds, options and more. The intent behind these securities is that clients will hold onto them for a year or longer. The firm may also recommend investing in individual stocks and bonds.
The firm begins the portfolio creation process by working with each client to establish a target asset allocation. This serves as a starting point for each portfolio, but the firm will continue to analyze investment options and reevaluate if changes to the allocation could potentially be beneficial to you.
Bedell Frazier Investment Counselling, LLC
Bedell Frazier Investment Counselling, LLC has around 430 clients; most of them are individuals without a high net worth, though it also works with high-net-worth individuals, pension and profit-sharing plans, charitable organizations and businesses. The firm has a minimum opening account size of $500,000, though it reserves the right to lower this minimum at its discretion.
Bedell Frazier offers a wide range of services including investment management, financial planning and individual and retirement plan consulting. Financial planning services include estate planning, retirement planning, tax planning, wealth transfer planning, trust planning and more.
Bedell Frazier is a fee-based firm, as certain members of its advisory team are licensed to sell insurance products like life insurance or annuities. This creates the potential for a conflict of interest, although the firm has a fiduciary duty to always act in clients’ best interests.
Bedell Frazier Investment Counselling Background
Bedell Frazier Investment Counselling first opened its doors back in 1975. Today, it’s wholly owned by Michael G. Frazier, who also serves as president and CEO of the firm. On the advisory team here, there is one chartered market technician (CMT), one chartered retirement planning counselor (CRPC), one certified financial planner (CFP) and one chartered financial analyst (CFA).
The firm charges fees for investment management services based on a percentage of your AUM. Rates range up to 1.25%.
Bedell Frazier Investment Counselling Investment Philosophy
Bedell Frazier starts its investment process by sitting down with each client to understand their current financial situation and resources, investment goals and risk tolerance. From there, the firm will develop an investment strategy centered around a diversified asset allocation that matches the client’s tolerance for risk.
This firm invests in certificates of deposit (CDs), municipal securities, government securities, equity securities, corporate debt securities, commercial paper, warrants and options contracts on securities.
J.P. King Advisors, Inc.
J.P. King Advisors, Inc. works with approximately 360 clients, including individuals, pension plans and corporations. There is no minimum account size requirements for new clients who want to work with this firm.
Some advisors at J.P. King are licensed to sell insurance products, such as annuities or life insurance. These sales can generate commissions for the advisors, which creates the potential for a conflict of interest. However, this fee-based firm is bound by fiduciary duty to always act in its clients' best interests.
The firm specializes in comprehensive financial planning, investment advice and consulting services. Investment plans are developed on a personal basis, and financial planning can include strategic tax planning, net worth and cash flow statements, retirement planning, estate planning and more.
J.P. King Advisors Background
J.P. King Advisors was established in 1981 by chairman James Patrick King. Today, the firm is fully employee-owned, with president Scott N. Horton owning the majority of shares and principal Justin W. Dodson, senior financial advisor Jessica Schafer and King also owning shares. The firm has three certified financial planners (CFPs) on staff.
The fees for both investment advice and financial planning services take the form of an asset-based percentage. Investment advice rates range from 0.30% to 0.75%, while financial planning rates range from 0.40% to 1.00% for the first year of services. After the first year, though, clients can choose to receive ongoing financial planning, at which point the fee percentage decreases to the investment advice fee schedule.
J.P. King Advisors Investment Philosophy
The investment strategy at J.P. King Advisors is guided by a few principles, as well as the major tenets of modern portfolio theory. Among these principles are the following beliefs:
- The future is impossible to predict, meaning all strategies must grapple with uncertainty.
- The past doesn’t predict the future, but it can teach us lessons about investor behavior.
- Managing risk exposure is the most important thing to consider when designing a successful portfolio.
- While investment and manager selection is important, broader practices like investment policy, asset allocation and rebalancing have a greater effect on returns in the long term.
The firm believes that the best way to maximize return over a long period of time for a given level of risk is through asset allocation. Therefore, the firm seeks to construct globally diversified portfolios that contain domestic and international equities, fixed-income, cash and alternative investments.
Castle Rock Wealth Management, LLC
Castle Rock Wealth Management, LLC has one of the larger financial advisor staffs on this list. This group is responsible for working with over 1,350 clients. This client base includes non-high-net-worth individuals, high-net-worth individuals and businesses. The firm does not maintain a minimum asset requirement, so technically anyone can open an account with Castle Rock.
Castle Rock offers portfolio management, financial planning and consulting services to its clients. Occasionally, the firm may refer client assets to third-party investment advisors.
Castle Rock is a fee-based firm, which means some advisory employees can sell insurance products or securities on a commission basis. Although this represents a potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
Castle Rock Wealth Management Background
Castle Rock Wealth Management first opened its doors in 2015, making it one of the youngest firms on this list. The firm is wholly owned by founder James Luippold, which Mark Bertoli acting as the firm’s managing partner.
Among the advisors here, there are two certified financial planners (CFPs), one accredited investment fiduciary (AIF), one certified wealth strategist (CWS) and one certified plan fiduciary advisor (CPFA).
Castle Rock Wealth Management Investment Philosophy
Castle Rock Wealth Management typically invests in individual stocks, bonds, exchange-traded funds (ETFs), options, mutual funds and other public and private securities when constructing client portfolios.
Before deciding on any specific investments, the firm will look to establish a few important factors that are unique to each client. This can include current resources, investment goals, time until retirement, risk tolerance and even tax concerns. With these considerations in mind, the firm will develop a diversified asset allocation that matches the client’s tolerance for risk and delivers an expected return that’s in line with their goals.
Shone Wealth Management
Shone Wealth Management has been doing business in Walnut Creek since 2005. The firm serves over 320 clients. Its client base is mostly made up of non-high-net-worth individuals and high-net-worth individuals, though some pension plans are in the mix as well. The firm typically only accepts new clients with at least $500,000 in investable assets.
Shone offers both financial planning and investment management services to its individual clients, as well as consulting and general advisory services to businesses. Financial planning services are tailored to each client’s situation, but can include retirement projections, college and other education funding, insurance review and estate planning strategies. Shone is a fee-only firm.
Shone Wealth Management Background
Shone Wealth Management was founded by Mark Shone in 2005. Shone is the firm’s sole owner, president and chief compliance officer (CCO). The firm's staff includes two certified financial planners (CFPs) and one chartered mutual fund counselor (CMFC).
Shone charges investment management fees as a percentage of each client's assets under management (AUM), with the specific percentage ranging as low as 0.30% and as high as 1.00%. Where you fall within this range will depend on the market value of your assets. The firm also imposes a minimum annual fee of $5,000, which falls directly in line with its $500,000 minimum account size.
Financial planning fees at Shone are determined on a case-by-case basis. For most clients, they’ll take the form of either an hourly fee up to $300 or a fixed fee between $200 and $10,000.
Shone Wealth Management Investment Philosophy
Shone Wealth Management approaches each client portfolio with ideas of modern portfolio theory and strategic asset allocation in mind. To determine the appropriate allocation for each client, the firm’s advisors will consider their investing goals and objectives, along with their risk tolerance and time horizon. Exchange-traded funds (ETFs), mutual funds and individual bonds are the primary investment vehicles used in client portfolios.
The firm will establish allocation ranges for each asset class. If, due to significant growth or losses, a portfolio has too much or too little of an asset class, the firm will rebalance the portfolio back to the target allocation.
Cedar Wealth Management
Cedar Wealth Management is one of the more accessible firms on this list, as it doesn’t impose any sort of account minimum for prospective clients. The firm has just under 100 clients, which are a mix of non-high-net-worth individuals, high-net-worth individuals, charitable organizations, businesses and family partnerships.
Cedar focuses on financial planning and investment management services. Financial planning can cover wealth transfer planning, risk management and insurance planning, charitable gift planning and income tax planning. As a fee-only firm, it earns compensation solely from the advisory fees it charges clients.
Cedar Wealth Management Background
Cedar Wealth Management first opened up shop in 2014. Neil Jubaili founded the firm and remains its sole owner. Vittorio Fratta serves as the firm’s chief investment officer (CIO). Jubaili is a certified financial planner (CFP), certified public accountant (CPA) and certified investment management analyst (CIMA). Fratta is a chartered financial analyst (CFA).
The firm’s fees for financial planning or consulting services can be a flat fee between $1,500 and $15,000 or an hourly fee of $350 (minimum of five hours). Investment management fees will usually be charged as a percentage of your assets under management (AUM). The exact rate you’ll pay will be between 0.40% and 1.00%, depending on the value of your account.
Cedar Wealth Management Investment Philosophy
Cedar Wealth Management generally approaches constructing client portfolios with a long-term perspective, as the firm doesn’t believe in market timing. Like many of its contemporaries, Cedar will start by devising an asset allocation that aligns with each client’s investment goals, comfort with risk and timeline until retirement.
Clients with a lower risk tolerance will receive a conservative allocation that minimizes volatility, and clients with loftier goals will receive a more aggressive portfolio. All portfolios will be heavily diversified, and the firm regularly revisits portfolios to ensure the asset allocation is still appropriate and the selected securities are providing optimal value.
Boltwood Capital Management
Boltwood Capital Management, which has been in business since 1986, has one of the highest minimum account sizes on this list at $1 million. However, the firm states that it may accept clients with less than that amount. Every one of the firm’s around 160 clients are individuals. Despite the aforementioned minimum, there's about a 60/40 split between individuals below and above the high-net-worth threshold.
The firm offers financial planning services, along with portfolio management and individual investment advice. Boltwood is a fee-only firm, meaning it only earns compensation from the advisory fees it charges.
Boltwood Capital Management Background
Boltwood Capital Management was established in 1986 under the name Sommer & Boltwood Investment Management, Inc. The firm has been operating under its current name since 2009, and its current owners are senior portfolio managers Thomas L. Abbott and Michael J. Stock. Of the firm’s advisors, one is a certified financial planner (CFP) and two are chartered financial analysts (CFAs).
Boltwood charges management fees as a percentage of your overall assets under management (AUM). These range from 0.50% to 1.00%, depending on the value of your assets. Both financial planning and investment supervisory services are included in this rate.
Boltwood Capital Management Investment Philosophy
Boltwood Capital Management personalizes its approach to investing for each client. The firm will factor in the client’s appetite for risk, time until retirement and ultimate financial goals before arriving at the proper asset allocation.
Boltwood typically diversifies client portfolios across many major asset classes, including large-, mid- and small-cap stocks; international developed and emerging market stocks; and government, corporate bonds and municipal bonds.
Park, Miller, LLC
Park, Miller, LLC has been working in Walnut Creek for more than a decade. The firm maintains advisory relationships with around 50 clients, the fewest of any firm on this list. Among these clients are non-high-net-worth individuals, high-net-worth individuals, pension plans and businesses. While high-net-worth individuals make up the largest portion of this client base, the firm doesn’t impose any sort of account minimum.
Park, Miller is a fee-based firm, as some of its advisors are licensed to sell insurance products for commissions. While this creates a potential conflict of interest, the firm has a fiduciary duty to always act in its clients’ best interests. The firm specializes in investment management, financial planning and consulting.
Park, Miller, LLC Background
Park, Miller was founded in 2008 by Stuart Park and John Miller. The duo still owns the firm today, with Park acting as managing member and chief compliance officer (CCO) and Miller being a principal. The firm's advisors do not appear to hold any of the common advisory certifications, such as certified financial planner (CFP).
The firm charges fees for investment advisory services based on the value of your assets. These could run you anywhere from 0.35% to 1.00% depending on your account's size.
Fees for financial planning services can be charged either as a flat fee ranging from $5,000 to $20,000, or as an hourly fee of $400. Keep in mind, though, that these fees can be influenced by a variety of factors, and the firm may decide to raise, lower or waive fees at its discretion.
Park, Miller, LLC Investment Philosophy
At Park, Miller, the first step of each investment process is to collect information from the client. Advisors will sit down with you to establish your investment goals and objectives. Additionally, the firm will learn your risk tolerance, current investments, time until retirement and any specific investment preferences.
With that info in hand, the firm goes about constructing an asset allocation that’s appropriate for you. The firm usually invests in exchange-traded funds (ETFs), mutual funds, bond funds and independent money managers, provided these align with your needs and goals.