California’s largest city, Los Angeles, offers a dynamic economic environment and is the 2nd largest metro area in the country. Finding the best financial advisor in Los Angeles can be a difficult task simply because there are so many options. Benzinga’s done the digging to help you find the best financial advisors in Los Angeles, California for your income, goals and investing aspirations.
Quick Look at the Best Financial Advisors in Los Angeles, California:
- Best for Personal and Corporate Services: The Pacific Group
- Best Robo-Advisor: M1 Finance
- Best for Transparent Execution: Victus Capital Wealth
- Best Mobile App: Betterment
- Best for Comprehensive Investment Strategy: RNC Genter Capital Management
- Best Portfolio Analysis: Personal Capital
- Best for Building Client Relationships: L&S Advisors
- Best for Finding Custom Financial Advisors: SmartAsset
- Best for Excellent Client Portal: Miracle Mile Advisors
Best for Personal and Corporate Services: The Pacific Group
The Pacific Group is an investment advisory firm that offers personal and corporate services. The firm is an ideal choice if you’re a new investor or own your own business.
Advisors take time to learn about your specific investment goals, help you understand investment risk and tailors recommendations to your comfort level. Next, your advisor at the Pacific Group will hone in on your reasons for investing and how long it will take to accomplish. Advisors will build and manage your investment portfolio with a purposeful design to help you accomplish your goals.
The Pacific Group can also offer 401(k) and IRA planning, employee benefits planning, executive benefit planning, corporate risk management and corporate tax advantage plan design.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is a hybrid robo-advisor and brokerage firm. Available on Google Play and Apple’s App Store, you can use the platform to grow, invest and optimize your money.
M1 sets itself apart from other robo-advisors by letting you choose from 1 of its 80 expert pie-shaped portfolio allocations. The app charges $0 to get you started but requires a minimum balance of $100 for taxable accounts and $500 for each retirement account.
M1 has 2 accounts that you can choose from — M1 Finance Core and M1 Finance Plus.
M1 Finance’s Core account includes:
- No trading commissions
- No management fees
- Free checking account
- 3.5% base rate for a portfolio line of credit
M1 Finance’s Plus account includes:
- Core account features
- 1% APY on checking account balance
- 1% cash back on qualifying debit card purchases, no limits
- Access to a second daily trade window
- 2.75% rate for portfolio line of credit (0.75% reduction)
Best for Transparent Execution: Victus Capital Wealth
Victus Capital Wealth is a fiduciary. Being a fiduciary implies that the firm puts your interests first and that advice is objective and transparent. This may seem obvious, but a lot of financial advisors receive commissions and get outside payments for products they sell.
Victus offers financial services such as retirement planning, tax and estate planning, education planning and asset protection. The firm regularly plans meetings according to your schedule so that you can ask questions or address concerns.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
11766 WILSHIRE BOULEVARD SUITE 1220LOS ANGELES CA, 90025
Phone number
310-622-1280
- ETF Investors
Best Mobile App: Betterment
Betterment is a leading robo-advisor and is excellent for new investors and those with experience. It provides robust goal-based tools, automatic rebalancing and fractional shares.
Betterment Digital, its most popular offering, requires no minimum account balance. You’ll be charged a 0.25% management fee if you choose this option.
Betterment Premium is an upgraded offering that provides unlimited phone access to certified financial planners for a 0.40% fee — but you must have a $100,000 account minimum.
Best for Comprehensive Investment Strategy: RNC Genter Capital Management
RNC Genter has been in the investment management business for over 5 decades. The firm offers a wide array of investment products that can be modified to fit your needs.
RNC Genter offers 2 types of investment strategies — fixed income portfolios and equity and balanced portfolios. The firm’s primary objectives are tax-efficient management, income maximization, risk control with an emphasis on total returns.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital is an online investment advisor that offers the sophisticated algorithms of a robo-advisor and a human touch.
Personal Capital provides free financial management tools. If you want access to a team of advisors, it’ll require a minimum balance of $100,000. If you have a minimum balance of at least $200,000, you’ll get 2 financial advisors at your beck and call. You can receive advice on retirement planning, refinancing, estate planning and tax optimization.
Best for Building Client Relationships: L&S Advisors
A boutique, family-focused firm, L&S Advisors focuses on building relationships. L&S Advisors’ top priority is developing a meaningful connection with you based on your financial needs. It’s also dedicated to helping you attain your goals. A client relationship focus means the firm puts a heavy focus on customer service.
You’ll find a diverse range of investment choices to help you pursue your goals, including individual equity and fixed income strategies, multi-strategy blends and customized portfolios. No matter which option you choose, it’ll be tailored to your risk tolerance, diversification demands and other unique investment needs. You may seek conservative or aggressive growth (or something in between) but that relationship focus stays at the forefront.
- Comparing Advisors
Best for Finding Custom Financial Advisors: SmartAsset
SmartAsset's platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country.
The first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides you with free and secure access to the financial advisor marketplace and sources advisors that are right specifically for you based on your location, assets and personal preferences.
Answer a brief survey regarding your preparedness for retirement, investment style and contact information. SmartAsset’s algorithm can match you with the best financial advisor for you.
Best for Excellent Client Portal: Miracle Mile Advisors
Miracle Mile Advisors is an independent fiduciary founded by ex-Wall Street advisors. The firm has been featured as a top wealth management firm and provides financial plans using low-cost custom investment strategies.
Miracle Mile uses cutting-edge technology to make sure that you have access to your account at all times. The firm’s online client portal allows you a tech-savvy view of your portfolio and financial plan. You can even build specific financial scenarios and view the possible impact with unlimited what-if scenarios. You also get comprehensive performance reports to keep track of how your investments are doing.
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
11300 WEST OLYMPIC BLVD SUITE 800LOS ANGELES CA, 90064
Phone number
(310) 246-1243
Choose the Right Financial Advisors in Los Angeles, California
Tackling your finances can be difficult. You’ve already made the first step by searching for the best financial advisor to take care of your finances. Don’t forget to evaluate personality, too! Your advisor should not only be a fiduciary, but he or she should also be someone you feel comfortable talking with and asking for specific advice.
Frequently Asked Questions
Can I talk to a financial advisor for free?
Yes, you can talk to a financial advisor for free if it’s your first consultation.
Do I need a financial advisor for retirement?
Making a decision about whether you need a financial advisor for retirement depends on how comfortable you are making major financial decisions. If you’re not comfortable making financial decisions that can affect retirement (not to mention rebalancing your portfolio as needed!) you may be better off consulting an advisor. It can be difficult to handle your own money objectively, so hiring an advisor can ensure that your future is in safe hands.
Can financial advisors help mitigate debt?
Yes, financial advisors can develop a debt escape plan for your particular situation. Apart from a change in lifestyle, an advisor would need you to disclose all debt information so that the advisor can help analyze, restructure and manage your debts.
Methodology
To determine the top financial advisors in Los Angeles, we pored through all SEC-registered advisory firms who have an office in Los Angeles. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.