Finding a Top Financial Advisor Firm in Westlake Village, California
Finding the right financial advisor for you and your family isn’t always easy. If you're looking for an advisor in Westlake Village, 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||One Capital Management Find an Advisor||$1,378,866,035||$500,000|| || |
|2||Manchester Financial Inc. Find an Advisor||$657,195,567||$500,000|| || |
|3||The Wealth Collaborative Find an Advisor||$491,382,239||$500,000|| || |
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|4||De Groote Financial Group, LLC Find an Advisor||$239,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||NBS Financial Services, Inc. Find an Advisor||$223,953,494||$250,000 for investment management|| || |
Minimum Assets$250,000 for investment management
|6||Summit Financial Consultants, Inc. Find an Advisor||$175,550,695||No set account minimum ($1,000 minimum fee)|| || |
Minimum AssetsNo set account minimum ($1,000 minimum fee)
|7||Wealth Resources Group Find an Advisor||$126,190,00||$150,000|| || |
|8||Cedarstone Advisors Find an Advisor||$124,843,489||$200,000|| || |
How We Found the Top Financial Advisor Firms in Westlake Village, California
SmartAsset limited its list to firms registered with the U.S. Securities and Exchange Commission (SEC) in Westlake Village, 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).
One Capital Management
The top firm on our list is One Capital Management, a fee-based firm managing more than $1.3 billion in assets. Around 80% of the firm’s individual clients are not high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations, other investment advisors and corporations.
There are 16 advisors on staff at the firm. The team includes four chartered financial advisors (CFAs). There is a minimum investment of $500,000 required to open an account.
Fees for wealth management are based on a percentage of assets under management, while financial planning has flat fees. Some advisors at the firm earn commissions for selling insurance products. This is a conflict of interest, but when acting as an advisor the firm’s employees are still required to act in the best interest of the client.
One Capital Management, LLC Background
The firm was founded in 2001. It is owned by a parent company, OCM Holdings, LLP.
Services offered by the firm include wealth management, wealth planning, sub-advisory services, retirement plan solutions and advisor consulting services.
One Capital Management, LLC Investment Strategy
Advisors at OCM blend active management with investing in exchange-traded funds (ETFs) and fixed-income investments. This means that they will actively pick stocks for you to invest in from around the world, while also putting some of your money into funds that trade on the market and bonds. This diversification protects against volatility.
Manchester Financial Inc.
Manchester Financial manages more than $657 million in assets for clients, all of whom are individuals -- the firm has no institutional clients. Around 20% of those clients are high-net-worth.
There are 12 advisors on staff. That includes two certified financial planners (CFPs) and two certified divorce financial analysts (CDFA). There is a $500,000 minimum investment required to open an account.
This is a fee-based firm. Fees for portfolio management are based on a percentage of assets under management, while consulting fees are charged hourly. Performance-based fees may apply for certain investment offerings. Some advisors are also insurance agents and may earn commissions for sales. This is a conflict of interest, but when acting as an advisor they must act in the client’s best interest.
Manchester Financial Inc. Background
Manchester Financial was founded in 1990, making it the second-oldest firm on this list. It is owned by founded Robert Katch, who also serves as the firm’s president.
MFI’s services include financial planning, portfolio management and consulting.
Manchester Financial Inc. Investment Strategy
MFI’s investment strategy is based on charting, technical, fundamental and cyclical analysis. The firm uses both long-term and short-term purchases, plus margin transactions.
More than 80% of the money managed by MFI is invested in mutual funds. Stocks, both those traded on exchanges and those not, are also used.
The Wealth Collaborative
The Wealth Collaborative, Inc. is a fee-only firm managing more than $491 million in assets. Clients are evenly split between high-net-worth individuals and other individual investors, plus one pension or profit sharing plan.
The minimum account size is $500,000. There are three advisors at the firm, including one certified financial planner (CFP).
Fees at TWC are based on a percentage of assets under management for investment management and fixed or hourly for wealth management. Advisors do not earn commissions for selling financial products.
The Wealth Collaborative, Inc. Background
TWC was founded in 2007. It is owned by Jeffrey Wheeler, who is also the president and serves as an advisor.
Services offered to clients include: investment management, wealth planning, portfolio analysis, budgeting, cash flow planning, retirement planning and estate planning.
The Wealth Collaborative, Inc. Investment Strategy
The strategies used by TWC advisors will vary based on how much you invest and what services you are using. Generally, though, a mix of mutual funds, stocks, bonds, commercial paper, bonds and certificates of deposit will be used to create a diverse portfolio.
De Groote Financial Group, LLC
De Groote Financial Group, LLC is a fee-only firm with two advisors on staff, including one certified financial planner (CFP) and one chartered investment management analyst (CIMA).
De Groote manages $239 million dollars for clients. There is no investment minimum, and the client list is around 85% non-high-net-worth individuals. There are also high-net-worth clients, plus institutional clients including pension and profit sharing plans and corporations.
Financial planning fees are negotiable and fixed, while investment management fees are based on a percentage of assets under management. Advisors do not earn commissions for selling securities or other products.
De Groote Financial Group, LLC Background
De Groote was founded in 2013 and is owned by Douglas C. De Groote, who also acts as the managing director.
The firm’s services include financial planning, cash flow forecasting, asset allocation, retirement planning, estate planning, investment consulting, insurance needs analysis and investment management.
De Groote Financial Group, LLC Investment Strategy
The primary investment vehicle used by De Groote are exchange-traded funds (ETFs). Separate account managers, private placement funds, real estate investment trusts (REITS), bonds and individual stocks are also used.
Fundamental and technical analysis are the primary methods used to find the right investments for clients.
NBS Financial Services, Inc.
NBS Financial Services is a fee-only firm managing more than $223 million in assets. Around two-thirds of the individuals the firm serves are non-high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.
There are five advisors at the firm. The team includes three certified financial planners (CFPs) and one certified public accountant (CPA).
The minimum investment required for investment management is $250,000. There is no minimum for only using financial planning services. Fees are based on a percentage of assets under management for investment management and billed at $250 an hour for financial planning.
NBS Financial Services, Inc. Background
NBS was founded in 1984, making it the oldest firm on this list. It is owned by Joseph “Geordie” Crossan, who is also the firm’s president.
Services offered to clients include: asset management, financial planning, risk management, retirement planning, asset allocation and tax planning.
NBS Financial Services, Inc. Investment Strategy
Advisors at NBS looks to balance “growth” and “value” when building portfolios. This means they look for companies that are giving clients bang for their buck but also will grow in value over the long-term. The average portfolio turnover each year is around 25%, as long-term purchases are generally the preferred mode of investment.
Summit Financial Consultants, Inc.
Summit is a fee-based advisor managing more than $175 million. There are slightly more non-high-net-worth individual clients than high-net-worth clients. Institutional clients are pension and profit sharing plans, charitable organizations and corporations.
There are five advisors at the firm including one chartered life underwriter (CLU), one chartered financial consultant (ChFC) and one accredited investment fiduciary (AIF).
Summit has no minimum account size, but there is a minimum annual fee of $1,000. Fees for financial planning are fixed while fees for asset management are based on a percentage of assets under management. Some advisors at the firm may earn commissions selling securities or insurance products. This is a conflict of interest, but when working as an advisor staff of the firm must act in the client’s best interest.
Summit Financial Consultants, Inc. Background
Summit was founded in 1998 and is owned by Neil Elmouchi and Kimberly Lau.
Services offered by the firm include asset management, financial planning, budgeting, insurance planning, retirement planning, college funding, inheritances, estate planning and divorce planning.
Summit Financial Consultants, Inc. Investment Strategy
Summit thinks about the long term, but first looks at short term issues like cash need and an emergency fund. Advisors use various analytical methods to find securities to invest in. Potential investments include:
- Mutual funds
- Index funds
- Exchange-traded funds (ETFs)
- Alternative investments
- Real estate investment trusts (REITs)
- Mortgage-backed securities
Wealth Resources Group
Wealth Resources Group is a single-advisor firm managing more than $126 million. That single advisor is Neal Frankle, a certified financial planner (CFP). Clients of the firm are mostly regular individuals, plus some high-net-worth individuals. There are also institutional clients including pension and profit sharing plans and charitable organizations.
The minimum account size is $150,000.
Fees for financial planning are billed hourly or at a fixed rate. Fees for portfolio management are based on a percentage of assets under management. Frankle is also an insurance agent but does not earn commissions -- he only recommends clients buy insurance from third-party providers. He does run an insurance-related website for which he receives no commissions but may earn advertising fees.
Wealth Resources Group Background
The firm was founded in 1999. The principal owners are Neil Frankle and Mimi Frankle, who serves as chief financial officer.
Services offered by the firm include: portfolio management, financial planning, estate planning, education planning, budgeting, education planning and retirement plan goals.
Wealth Resources Group Investment Strategy
Frankle looks to each potential investment carefully before making investment decisions. There are several portfolio models used for different investors, including ones designed for conservative investors, conservative-tilted investors, balanced investors, equity-tilted investors, equity investors, stock-growth investors and dividend investors.
The final advisor on this list is Cedarstone Advisors, a fee-only shop managing more than $124 million. There are two advisors at the firm, including one certified financial planner (CFP).
There is a $200,000 minimum account size at the firm. Fees are based on a percentage of assets under management for investment advice and are hourly for financial planning and consulting. Clients of the firm are mostly regular individuals, with a small number of high-net-worth investors. There are also a few institutional clients, including pension and profit sharing plans and charitable organizations.
Cedarstone Advisors Background
Cedarstone was founded in 2014. The principal owner is Steve Coker, while Matthew Davis owns a 30% stake. Both work as financial advisors at the firm.
Services include investment advice, financial planning, retirement planning, estate planning and portfolio customization.
Cedarstone Advisors Investment Strategy
Advisors at Cedarstone use fundamental, technical and cyclical analysis to put together an investment plan for clients.
Nearly half of the money the firm manages is invested in stocks. Around a quarter is invested in government bonds. Cash, state and local bonds and corporate bonds make up the rest of the investments.