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breaking news 8 Best Financial Advisors in Sacramento, CA for 2023 • Benzinga


Quick Look: Top Financial Advisors in Sacramento

Navigating the waters of financial planning can be perilous without the help of a professional. For smoother navigation, check out our list of the best financial advisors in Sacramento, CA.

Best for educational resources: Allworth Financial

Allworth Financial is a financial advisor serving parts of California and Colorado. The firm’s clientele includes individuals, as well as corporations, not-for-profit organizations, estates and trusts.

The company operates with the intention of enabling clients to make smart planning decisions with their advisors. Its founders provide the public with free educational resources accessible via several media. Allworth Financial is famous for its free retirement planning workshops.

Founders Scott Hanson and Pat McClain host the popular Money Matters podcast, which also airs as a radio show in select markets. Their website lists a plethora of online courses and tutorials. All resources listed are free.

The company has thousands of clients with nearly $2.5 billion in assets under management (AUM). Allworth is a trusted investment advisory and financial planning firm.

$3,453,726,822

  • A percentage of assets under your management
  • Hourly charges

  • Financial planning services
  • Retirement consulting services
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
Address

8775 BOUL. FOLSOM SUITE 100SACRAMENTO CA, 95826

Best for

  • Customizable Robo Investment

Best Robo-Advisor: M1 Finance

M1 Finance is a combination of robo-advisor and client-managed online broker. The account minimum is $100 and subsequent deposits can be as low as $10.

M1 is not an advisor in the traditional sense. Rather, it automates the management process based on one of the expert portfolio templates (it has over 80 available). Clients have the ability to customize an investment portfolio template comprised of low-cost exchange-traded funds (ETFs) and individual stocks.

The online broker rebalances your portfolio throughout the daily trading period. Customers can make manual adjustments on its website or through the app. It’s easy to set up and use, but newbie investors should expect to educate themselves on portfolio balancing.

M1 does not offer any guidance on goal setting or financial planning. Experienced investors with at least an intermediate understanding of trading will love M1’s functionality.

Best for Newbie Investors: Adams Ashby Financial Advisors

Advisors at this Sacramento firm have a realistic view of the finances of most American households. Adams Ashby promises to assess finances using an objective, non-judgmental method. Clients maintain a personal, one-to-one relationship with Advisors, and portfolio strategies are tailored to each client.

Services include financial planning, portfolio management, and pension and retirement consulting. Clients include small and large businesses, charities, pension and profit sharing plans, and trusts and estates.

Adams Ashby offers prospective clients a one-hour comprehensive review free of charge. With over $1 billion in assets under management, Adams Ashby offers an intimate advisory service with big-money expertise.

FINANCIAL ADVISORS ADAMS ASHBY

$90,621,478

  • A percentage of assets under your management

No minimum

  • Financial planning services
  • Retirement consulting services
  • REASSIGNMENT PLAN
Address

3508 CODY WAY SUITE 100SACRAMENTO CA, 95864

Best Retirement Plans for Companies: Fergerson Financial

Another company on our no minimum account list, Fergerson Financial is the way to go if you’re setting up a retirement plan for your business. Fergerson Financial will establish a retirement plan for a company to be sponsored. It constantly monitors your plan and ensures that the employer-sponsor complies with the law.

Fergerson Financial remains closely involved in the execution of your retirement plan for the duration of your employment relationship, regularly training relevant employees to handle tasks such as the disbursement of retirement funds in the event of termination.

In addition to specializing in employer-sponsored retirement plans, Fergerson Financial lists its comprehensive set of services as wealth management, financial planning, investment advice, and retirement planning. The fee for investment advice and financial planning services is a percentage of assets under management. Fee schedules are based on unique client situations.

$60,519,165

  • A percentage of assets under your management
  • Fixed costs (excluding subscription costs)

No minimum

  • Financial planning services
  • Retirement consulting services
Address

899 EMBARCADERO DRIVE SUITE 2EL DORADO HILLS CA, 95762

Best for

  • High net worth individuals

Best Portfolio Analysis: Personal Capital

Personal Capital is a complete personal finance service and robo-manager for high net worth individuals. Account minimums are high compared to other online advisors: $100,000 for a team of assigned advisors. Those with $200,000 or more additionally benefit from 2 dedicated advisors to oversee their finances. Tiered fee schedules range from 0.89% to 0.49% of assets under management for large accounts.

Financial planning services cover everything – estate planning (an option for those with a $1 million account balance) as well as 401(k) analysis and expense tracking. Most of these services are free for investors who have an account, even if they don’t use investment management. The portfolios are personalized client by client and use advanced tax optimization strategies.

Personal Capital is for investors who prefer a more passive approach to portfolio management, but want a clear and concise indication of how each aspect of their financial health contributes to the bigger picture.

Best Boutique Company: Boyd Wealth Management

Boyd Wealth Management is a boutique firm in Sacramento that caters to corporations and ultra-high net worth individuals and families. The company’s overall wealth management strategy defines 5 stages in its process: discovery, analysis, recommendations, implementation and ongoing monitoring. Its wealth management strategies for individual accounts emphasize long-term investments.

Boyd is particularly good at financial management of companies. For growing businesses, it offers 401(k) profit sharing plans as well as defined benefit plans. Well-thought-out strategies for financially coping with and recovering from the loss of an owner are the cornerstone of his expertise in enterprise wealth management. The company will develop a plan for you to exit ownership of your business, paying particular attention to investing proceeds from a sale to ensure long-term financial success.

BOYD WEALTH MANAGEMENT, LLC

$115,769,717

  • A percentage of assets under your management
  • Fixed costs (excluding subscription costs)

$1,000,000

  • Financial planning services
  • Retirement consulting services
Address

1375, boul. of the exhibition, office 220SACRAMENTO CA, 95815

Phone number

(916) 367-0532

Is a financial planner right for you?

Whether you’re planning to retire or just launching your career, financial planning with professional advice is the best way to get the most out of your income. Advisors can help you with comprehensive wealth management or area-specific management, such as planning a college fund. Individuals and businesses benefit from the services of a financial professional.

Frequently Asked Questions

Q

How do I research my financial advisor’s background?

A

The U.S. Securities and Exchange Commission’s (SEC) Advisor Public Disclosure website is the best place to search for a potential advisor. The SEC requires companies to submit Form ADV brochures, which include information ranging from the company’s fee schedule to disclosures. The Financial Industry Regulatory Authority (FINRA) BrokerCheck website is also a credible resource.

Q

How do you rate a financial advisor?

A

There are many ways to rate a financial advisor based on what’s most important to you. Overall, an advisor should help you achieve your financial goals. Professional certifications, success of client portfolios against relevant indices and average rate of return are also important features.

Q

Can I speak to a financial advisor for free?

A

Generally speaking with a financial adviser incurs a fee, although most initial visits are free. Some companies and most robo-advisors offer free financial advice and educational resources. If you’re just starting out or aren’t sure if you need an advisor, use some of the free resources offered by one of the companies above.

Methodology

To determine the best financial advisors in Sacramento, CA, we reviewed all SEC-registered advisory firms that have an office in Sacramento. We’ve winnowed the list by only including advisers who are registered trustees, have no past disclosures, and have minimal personal conflicts of interest. To further break down the list of top advisors in the region, we gave weight to advisors who offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a global expense program and over $50 million in assets. under management.

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