Finding a Top Financial Advisor Firm in Long Beach, California
Choosing the right financial advisor can be an overwhelming process. So, SmartAsset created this list of the top Long Beach financial advisor firms to make the decision a little easier. Below, we compare the services the top firms provide, what their fee structures are and what kinds of clients they specialize in working with. SmartAsset has also developed a free financial advisor matching tool that can pair you with up to three advisors who serve your area.
Find a Fiduciary Financial Advisor
We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | Halbert Hargrove  Find an Advisor | $3,516,418,609 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 2 | Goldman Lancaster, Inc.  Find an Advisor | $321,125,840 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 3 | Kensington Investment Counsel  Find an Advisor | $297,990,190 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 4 | Wealthspring  Find an Advisor | $332,665,171 | None |
| Minimum AssetsNoneFinancial Services
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What We Use in Our Methodology
To find the top financial advisors in Long Beach, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Halbert Hargrove
Halbert Hargrove tops the list of financial advisors in Long Beach, California. As a fee-only firm, it does not collect commissions on trades or the sale of certain products. There are no set account minimums.
The advisor team holds a wide range of certifications, including accredited investment fiduciary (AIF), Certified Financial Planner™ (CFP®), certified investment management analysts (CIMA), certified public accountant (CPA), certified divorce financial analysts (CDFA) and certified private wealth advisors (CPWA).
Halbert Hargrove’s financial advisor team manages assets for individuals, pension and profit-sharing plans, charitable organizations and corporations. More than half of individual clients are high-net-worth individuals.
At this firm, your advisor will help you decide on a package of services that are meant to address your total financial situation, not just one part of it. As a result, the services offered by this firm are relatively extensive: cash flow and debt management, retirement planning, college funding, estate planning, investment tax planning, wealth protection, charitable giving, family wealth management and risk management.
Clients can base their portfolios on one of three investment ideologies, depending on their desired level of risk tolerance. These include:
- Essentials (low risk) - based on commonly used, staple investments
- Lifestyle (medium risk) - based on maintaining your current lifestyle
- Legacy/estate (high risk) - based on the hope for high returns for the future
Halbert Hargrove primarily uses mutual funds, exchange-traded funds (ETFs), individual debt and equity securities and structured products. However, the firm may also use debt, equity and pooled investment vehicles in client portfolios.
Goldman Lancaster
Goldman Lancaster, Inc. is a fee-based firm. Some of the advisors may sell insurance policies or securities, and they may earn commissions from sales. The firm is a fiduciary, which requires advisors to act in your best interest.
The team of financial advisors includes those who hold the chartered retirement plans specialist (CRPS) and Certified Financial Planner™ (CFP®) designations. Most of this firm’s clients are individuals below the high-net-worth threshold. Other clients include high-net-worth individuals, pensions and profit sharing plans, and 3(21) qualified plans.
There is no minimum amount of assets needed to open an account with Goldman Lancaster.
For individuals, the firm offers services like comprehensive portfolio management, general financial planning, estate planning and retirement plan participant consulting. For its business clients, the firm provides risk management, corporate benefit planning, business continuity planning and qualified retirement plan services.
Goldman Lancaster believes a long-term investing approach is best for its client portfolios. The firm uses a few different investment strategies that are mainly centered around passively managed funds, like ETFs and index funds, as well as actively managed funds. The firm may also occasionally use stocks and bonds in client portfolios.
Kensington Investment Counsel
Kensington Investment Counsel is a fee-only firm with no set account minimum. Clients are mainly individuals, the majority of whom qualify as high-net-worth. Institutional clients include charitable organizations and corporations.
Fees are charged based on a percentage of assets under management. The team includes those who hold the chartered financial analyst (CFA) designation.
There are no set account minimums.
Services include investment management and financial services.
Nearly all of the money held at Kensington is put into individual stocks. Some bonds are used, as are mutual funds and cash holdings.
WealthSpring Partners
WealthSpring is a fee-based firm that caters to a diverse range of clients. They serve individuals, including high net-worth individuals, as well as pension and profit-sharing plans, charitable organizations, state or municipal government entities, and corporations or other businesses. WealthSpring does not have a minimum amount of required assets to work with the firm. There is a potential for a conflict of interest as the firm can earn commissions on the sale of certain securities. However, the firm is bound to put the needs of the clients first.
The team includes advisors who hold the Certified Financial Planner™ (CFP®) designation, amongst others.
WealthSpring aims to balance risk and reward by diversifying portfolios among various asset classes, to spread out the risk of any portfolio. This includes investments in money market funds, real estate and various types of securities such as stocks, bonds and cash/cash equivalents.
The firm also invests in equities of different capitalizations, including small, intermediate and large companies. Additionally, WealthSpring considers both domestic and foreign investments to further diversify portfolios and manage risk. The key to the strategy is to find the right allocation mix for each individual client based on their goals and risk profile.
