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 much simpler. 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 offers a more tailored approach, as it can pair you with up to three financial advisors in your area based on your personal preferences.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Thomas Doll Find an Advisor||$965,985,612||$100,000 for wealth management; $5,000 for TD Smart program|| || |
Minimum Assets$100,000 for wealth management; $5,000 for TD Smart program
|2||Burton Enright Welch Find an Advisor||$624,457,136||$250,000|| || |
|3||Bedell Frazier Investment Counselling, LLC Find an Advisor||$452,500,000||$500,000|| || |
|4||J.P. King Advisors, Inc. Find an Advisor||$445,400,000||None|| || |
|5||Castle Rock Wealth Management, LLC Find an Advisor||$244,856,130||None|| || |
|6||Shone Asset Management LLC Find an Advisor||$229,363,920||$500,000|| || |
|7||Cedar Wealth Management Find an Advisor||$221,653,690||None|| || |
|8||Boltwood Capital Management Find an Advisor||$215,237,271||$1,000,000|| || |
|9||Park, Miller, LLC Find an Advisor||$193,542,693||None|| || |
|10||Integrity Wealth Partners, LLC Find an Advisor||$147,037,000||$250,000|| || |
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).
With more than 900 clients, Thomas Doll has one of the largest client bases on this list, and it has the most assets under management (AUM) with almost $966 million. Individuals, high-net-worth individuals, pension plans, charitable organizations and corporations all work with the firm.
Thomas Doll, a fee-only firm, provides a range of services, including wealth management, financial planning, automated investing through the TD Smart 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.
Thomas Doll Background
Thomas Doll was founded in 1999, and it’s currently owned by the shareholders of Thomas Doll CPAs, P.C., a corporation. The firm employs nine advisors, eight of whom are certified public accountants (CPAs).
Fees for wealth management services are percentage-based, ranging from 0.60% to 1.00% of your AUM, depending on the value of your assets. 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 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 30 years. The six-advisor firm works with individuals, high-net-worth individuals, 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.
Burton Enright Welch is fee-based, meaning certain advisors are licensed to sell insurance products, and may receive commissions for doing so. While this creates the potential for a conflict of interest, the firm is also bound by fiduciary duty to always act in the best interests of its clients.
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 six advisors, five 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 and exchange-traded funds (ETFs). 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 is the third-place firm in our roundup, with roughly $453 million in assets under management (AUM). The firm’s 430 clients are mostly individuals, but it also works with high-net-worth individuals, pensions, charitable organizations and businesses. The firm has a minimum opening account size of $500,000.
Bedell Frazier offers a wide range of services including investment management, financial planning and individual and retirement plan consulting.
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. It’s wholly owned by Michael G. Frazier, who also serves as president of the firm. There are 11 advisors working at the firm, including eight certified financial planners (CFPs), one chartered financial analyst (CFA), two chartered financial consultants (ChFCs) and one certified public accountant (CPA).
The firm charges fees for investment management services based on a percentage of your AUM that ranges from 0.40% to 1.50%. Where you fall on that scale depends on the value of your assets on the last day of the previous billing period. Financial planning fees are charged as a fixed fee and can be as much as $10,000.
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. employs five advisors and works with 360 clients - a mix of individuals, high-net-worth individuals, pension plans, charitable organizations and corporations. There is no account minimum to work with the firm.
Some advisors at J.P. King are licensed to sell insurance products like 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 concierge services.
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 and King also owning shares. The firm has three certified financial planners (CFPs).
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 10 advisors on staff, more than any other firm on this list. It manages just under $245 million in assets and works with more than 1,100 clients. These clients include individuals, high-net-worth individuals, pensions, charitable organizations and businesses. The firm does not maintain a minimum asset requirement.
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, and 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 the youngest firm on this list. The firm is wholly owned by founder James Luippold, and Mark Bertoli is the firm’s managing partner. Among the 10 advisors here, there are three certified financial planners (CFPs).
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 Asset Management, LLC
Shone Asset Management, LLC has been doing business in Walnut Creek since 2005. The firm services 300 clients and manages around $229 million in assets. The client base is mostly made up of individuals and high-net-worth individuals, with some pension plans 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 Asset Management Background
Shone Asset Management was founded by Mark Shone in 2005. Shone is the firm’s sole owner and chief compliance officer (CCO). Three other advisors work alongside Shone, but we were unable to find information on their professional certifications.
Shone formulates investment management fees as a percentage of 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. In most cases, they’ll take the form of either an hourly fee up to $300 or a fixed fee between $2,000 and $10,000.
Shone Asset Management Investment Philosophy
Shone Asset 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 the next firm on our list, as it boasts $222 million in assets under management (AUM). Cedar is one of the more accessible firms on this list, as it doesn’t impose any sort of account minimum. The firm’s 85 clients are a mix of 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 the firm's sole owner. Vittorio Fratta serves as the firm’s chief investment officer (CIO), and Christine Jones is the firm’s third advisor. Jubaili is a certified financial planner (CFP), a certified public accountant (CPA) and a certified investment management analyst (CIMA). Fratta is a chartered financial analyst (CFA), and Jones is a CPA.
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. 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 size 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 less 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 the highest minimum account size on this list, at $1 million. Every one of the firm’s 158 clients are individuals; Boltwood is one of two firms on this list with such a client base. There's about a 60/40 split between individuals below and above the high-net-worth threshold.
The firm offers financial planning, 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. The firm has been operating under its current name since 2009, and its current owners are portfolio managers Thomas L. Abbott and Michael J. Stock. Of the firm’s three total advisors, two are certified financial planners (CFPs) and one is a chartered financial analyst (CFA).
Boltwood charges management fees as a percentage of your 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, accruing over $193 million in assets under management (AUM). The firm maintains relationships with 51 clients, the fewest of any firm on this list. Among these clients are individuals, high-net-worth individuals, pensions and businesses. While high-net-worth individuals make up the largest portion, 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 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). The firm's advisors do not appear to hold any of the common advisory certifications.
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 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 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.
Integrity Wealth Partners, LLC
Integrity Wealth Partners, LLC is a three-person, fee-only advisory firm with just over $147 million in assets under management (AUM). Its 412 clients include individuals and high-net-worth individuals, with a large majority of the former.
Integrity Wealth Partners specializes in asset management, financial planning and consulting services. The firm has a minimum account size of $250,000.
Integrity Wealth Partners Background
Integrity Wealth Partners was founded in Walnut Creek in 2013. The firm has two equal owners: Ryder Brose and Art Mitsutome. Rounding out the leadership team is Krista Ketelsen, the firm’s vice president and chief compliance officer (CCO).
Like most firms, asset management fees at Integrity Wealth Partners are based on a percentage of your invested assets. Your percentage will range from 0.80% to 1.50%. Financial planning fees are either fixed or hourly, with fixed fees ranging from $1,500 to $10,000 and hourly fees not exceeding $400. Where you fall within this range depends on the nature and complexity of your financial situation.
Integrity Wealth Partners Investment Philosophy
Integrity Wealth Partners uses two primary methods of analysis when determining investment options for its clients: fundamental analysis and technical analysis. The former is the practice of examining a company’s financial documents and the overall economy to gauge the intrinsic value of its stock. The latter involves analyzing price and volume data as a method of forecasting future price movements.
The firm typically builds client portfolios with individual stocks or bonds, exchange-traded funds (ETFs), options, mutual funds and other public and private securities.