How to Find the Best Financial Advisors in Los Angeles, CA in 2022-2023
One thing that people from all walks of life have in common is the need for a solid financial foundation from which you can chart a successful future. If you live in Southern California, that likely means seeking out the top wealth managers and investment firms in Los Angeles for assistance.
Whether you’re saving to open your own restaurant or trying to plan for an active and comfortable retirement, a good financial advisor in Los Angeles is a key ally to have on your side.
The best asset management firms in Los Angeles can help you create savings and investment strategies that will help you reach your future goals. For many firms, it’s all about helping you build the life you want and mitigating risk along the way.
However, the firm you choose is important. You don’t want to just pick the first Los Angeles wealth manager that comes up in a Google search. Finding the best LA wealth partners for your needs takes some in-depth research and many considerations.
As you begin looking at wealth management firms in California, you’ll find several key differences between them. Those differences can determine whether a firm is a good match for your needs.
Differentiating factors to look at when choosing a financial planner Los Angeles offers are:
- The minimum investible asset level they work with
- Clientele specialties (retirees, executives, etc.)
- What their fee structure is
- The range of services they offer
Learning the most you can about a potential Los Angeles investment management firm will help you make a more informed choice. But doing all the research yourself can take a lot of time. That’s why we made your search for the perfect financial advisor in Los Angeles easier.
The AdvisoryHQ Team researches the top financial advisors and wealth management firms in Los Angeles (as well as other cities in the US and UK) every two years and puts together comprehensive lists just for you.
We highlight the reasons they’ve been chosen as top-rated wealth management firms, what makes each firm stand out, the type of clients they serve, and much more.
If you’ve been meaning to look into financial management and are interested in the best financial advisors in Los Angeles, California you’ll find a detailed review of several top-rated firms that are worth considering in 2022-2023.
Award Emblem: Top 11 Best Financial Advisors in Los Angeles, CA
Top 12 Financial Advisors and Wealth Managers in Los Angeles, CA | Brief Comparison & Ranking
|Best Financial Advisors in Los Angeles||2020-2023 Ratings|
|Abacus Wealth Partners||5|
|ACap Advisors & Accountants||5|
|EP Wealth Advisors||5|
|Falcon Wealth Planning||5|
|HCR Wealth Advisors||5|
|Miracle Mile Advisors||5|
|Westmount Asset Management||5|
Table: Top 12 Best Financial Advisors in Los Angeles | Above list is sorted by rating
See Also: Top Wealth Management Firms in Florida
Should I Choose Fee-Based or Fee-Only Financial Management Firms in Los Angeles?
When looking over fees and compensation for financial advisors in Los Angeles, you’ll come across two main operating methods: “fee-only,” or “fee-based.”
Unless you’re familiar with those two terms, it can be confusing to know exactly what the difference is. They sound similar, but there is a very important distinction between these two types of top financial advisors in California.
Depending on your preference, it could make all the difference in choosing a wealth management firm in Los Angeles, CA.
Fee-Only Financial Advisors
If an LA financial advisor says they are fee-only, that means that they are only compensated by client fees and do not accept any commissions from third parties for selling or recommending financial products.
Operating on a fee-only payment structure adds an additional layer of trust to the financial advisor and client relationship. It minimizes any potential conflicts of interest that could come from earning commissions on financial products.
If you’re working with a fee-only financial planner in Los Angeles, you won’t have to wonder if they’re recommending a particular investment because of a potential commission.
Best Wealth Management Firms Los Angeles
Fee-Based Financial Advisors
Financial firms that are fee-based receive some of their compensation from client fees but also are free to accept third-party commissions from companies providing financial products.
Being fee-based can create a potential conflict of interest, or at the very least, the perception of such a conflict. For that reason, many fee-based wealth management Los Angeles firms are also fiduciaries.
A wealth advisor in Los Angeles that is a fiduciary is legally obligated to fully disclose any conflicts of interest, to be completely transparent, and to put the interests of their clients ahead of their own. This legal commitment helps counteract any potential conflicts of interest.
Both fee-only and fee-based asset management firms in Los Angeles can be fiduciaries.
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2022-2023 AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review — Top Ranking Financial Advisors in Los Angeles
Below, please find the detailed review of each firm on our 2022-2023 list of the best wealth managers in Los Angeles California. We have highlighted some of the factors that allowed these Los Angeles wealth management firms to score so high in our selection ranking.
Click any of the names below to go directly to the review section for that firm.
- Abacus Wealth Partners
- ACap Advisors & Accountants
- Cerity Partners
- EP Wealth Advisors
- Falcon Wealth Planning
- HCR Wealth Advisors
- Miracle Mile Advisors
- Westmount Asset Management, LLC
Click below for previous years’ rankings:
- 2020-2021 Review: 12 Best Financial Advisors & Wealth Management Firms in Los Angeles, CA
- 2019 Review: Top 11 Best Financial Advisors & Wealth Management Firms in Los Angeles, CA
- 2018 Review: Top 10 Best Financial Advisors & Wealth Management Firms in Los Angeles, CA
- 2017 Review: Top 9 Best Financial Advisors in Los Angeles
- 2016 Review: Top 9 Best Financial Advisors in Los Angeles
Don’t Miss: Best Financial Advisors in San Francisco
Abacus Wealth Partners Review
With the stated goal of expanding what’s possible with money, Abacus Wealth Partners is a top Los Angeles financial advisor that focuses on aligning clients’ finances with their values so that they can lead a more fulfilling life.
This wealth planning Los Angeles firm has two locations in Southern California, two in Northern California, and one in Philadelphia. It serves clients across 42 states.
Additionally, this top Los Angeles financial advisor is fee-only and is also a fiduciary. Abacus is a founding B Corp member, which means it meets the highest standards of verified social and environmental performance and transparency, and it balances profit and purpose.
Abacus Wealth Partners serves all types of financial needs, including helping clients budget for college, plan for retirement, or even navigate an intergenerational wealth or business ownership transfer.
Key Factors That Enabled Abacus Wealth Partners to Rank as One of the Top Los Angeles Financial Advisors
Comprehensive Financial Planning in Los Angeles
Abacus takes a flexible and uncomplicated approach to wealth management. As a top Los Angeles wealth management firm, this team of advisors knows that financial plans need to be able to handle all of life’s expected and unexpected changes.
This wealth management firm in Los Angeles uses a financial planning process that prioritizes a client’s life events, considering all adjustments when creating a client’s roadmap to financial success.
Whether life brings new risks or opportunities, this financial consultant in Los Angeles will ensure that your plan can evolve and will be there to support -your ever-changing financial situation.
Abacus Wealth Partners will draft a plan that encompasses the six key areas of financial planning:
2022-2023 Ranking: Best Wealth Management Firms Los Angeles
Caring Team of Advisors with Their Own Stories
One constant on the Abacus team is that each member truly cares about building relationships with their clients and getting to know them so they can better facilitate their financial aspirations.
Abacus is comprised of 63 team members. With 37 financial advisors and team members with diverse backgrounds and experience, each is an innovator and focused on expanding the potential of their clients.
If you enjoy getting to know the wealth advisor in Los Angeles that you’re working with a bit better, you’ll appreciate the approach of the Abacus Wealth Partners team.
Each member of this team of dedicated Los Angeles top financial advisors has their own personal story and reason they decided to pursue a career in this area. You can read through them all on this and get an up-close and personal look at each advisor.
Abacus Wealth Partners is a top Los Angeles wealth management team that offers clients of all types and income levels a simple and effective wealth management process. These Los Angeles financial planners also put a premium on truly getting to know their clients and building long-term relationships.
On top of that, this fee-only Los Angeles wealth management firm also emphasizes financial education that helps clients alleviate the stress normally associated with finances. The firm offers audio Money Meditations and informative blog articles on multiple financial subjects.
Abacus Wealth Partners is not only dedicated to serving its clients but also to sustainability and making a positive difference in the community. It is one of the best wealth management firms in Los Angeles to consider working with and has earned a 5-star rating on our 2022-2023 ranking.
ACap Advisors & Accountants Review
Taking a holistic approach to wealth management, ACap Advisors & Accountants is a boutique wealth management firm in Los Angeles that also provides accounting services.
Founded in 2009, this wealth advisor in Los Angeles is both fee-only and a fiduciary. The advisors at this top Los Angeles investment management and accounting firm also specialize in working with medical professionals.
The team of ACap advisors & accountants is committed to providing unbiased and comprehensive financial guidance, eliminating financial anxiety, and giving personalized service.
Key Factors That Enabled ACap Advisors & Accountants to Rank as One of the Top Los Angeles Wealth Management Firms
Socially Responsible Investing
Some investors appreciate the opportunity to invest in a way that is both socially conscious and financially sound. ACap is a Los Angeles financial advisory firm that facilitates socially responsible investing and keeps a client’s core values in mind while doing so.
Clients who wish to use their wealth and investment strategies to better their community and the world at large can work with ACap’s top financial advisors in California to create a customized portfolio that accomplishes both their financial and social goals.
2022-2023 Top-Rated Wealth Management Los Angeles CA
Personalized Bookkeeping & Payroll
Accounting is a large part of managing finances, so working with a financial consultant in Los Angeles that can also handle your bookkeeping is a real benefit. It’s an advantage that makes ACap stand out among other investment firms in Los Angeles.
ACap’s advisors & accountants can set up, manage, and maintain your QuickBooks Online file, handling all entries and monthly reconciliations for both your bank and credit card statements.
If you have employees on the payroll, this top Los Angeles wealth management firm can also help with payroll services. This includes processing and tracking all relevant payroll data and submitting federal and state tax payments.
ACap takes a methodical approach to investment planning that doesn’t rely on speculation. With the combination of both accounting and wealth management in Los Angeles, this full-service firm has a lot to offer everyone (and especially those in the healthcare industry.)
With a commitment to personalized service, social responsibility, and providing unbiased, comprehensive advice, ACap Advisors & Accountants solidifies its 5-star rating as a top Los Angeles financial advisor to consider partnering with in 2022-2023.
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AdvicePeriod has a proud history of disrupting the Los Angeles wealth management and financial service industry. Many of the firm’s team members developed the “gold standard” practices used widely in the financial industry today.
These Los Angeles financial planners boast 33 advisors and 12 offices that are spread across 7 states. AdvicePeriod focuses on providing value and helping its clients sleep easier at night.
This fee-only wealth management firm in Los Angeles is also a fiduciary, upholding values of transparency and always putting the client’s needs before those of the firm or its advisors.
Key Factors That Enabled AdvicePeriod to Rank as a Top Wealth Management Firm in Los Angeles
Innovating Fiduciary Financial Advisors
As a self-described team of “mavericks,” the advisors at this Los Angeles wealth management firm are always innovating. They have a history of being change-makers and continuing to push boundaries to achieve the next big breakthrough.
This Los Angeles financial planning firm is a fiduciary that has always adopted a stance of putting its client’s interests first. The firm’s team also takes a proactive approach to financial planning that simplifies the process.
Its team of financial advisors in Los Angeles holds itself to a standard of conduct that is centered on trust, ensuring that clients are happy to have AdvicePeriod as their financial advisor.
2022-2023 Best Financial Advisors in Los Angeles, CA
Comprehensive Wealth Planning
With a unique mix of experience and expertise, AdvicePeriod says clients will see the difference from their first meeting.
These Los Angeles financial advisors tailor their solutions to each client’s unique needs and take a value-based approach. The advisors at AdvicePeriod work to deliver institutional-quality advice to high-net-worth families.
Here is an overview of general services you can expect from this Los Angeles wealth management firm:
- Financial Planning
- Retirement planning
- Trust and Estate Planning
- CFO Services
- Insurance Reviews
- Investment Management & Oversights
As one of the top financial advisors in Los Angeles, the firm has always charted its own path and blazed a trail for others in the industry.
You’ll immediately see the difference between this firm and other wealth management firms in California when you visit its website, which is a combination of bold, comprehensive, and inviting.
With a trailblazing reputation and a client-centric team that’s heavy on experience, AdvicePeriod once again secured itself a 5-star rating as a top choice for wealth management in Los Angeles in 2022-2023.
Aspiriant is a top-rated financial advisor in Los Angeles, delivering an innovative business model and consistent wealth management experience to forward-thinking families.
The firm is a fee-only financial planner in Los Angeles with a team of experts in 11 offices that span coast to coast.
As a top-rated financial advisory and wealth planning in Los Angeles firm, Aspiriant creates a unique experience for its clients. Its model is designed to make them feel loved, powerful, far-sighted, and, above all, rich.
Key Factors That Enabled Aspiriant to Rank as One of the Top Financial Advisors in Los Angeles, California
Aspiriant’s Exclusive Family Office
Our Aspiriant review found that the firm’s exclusive family office services are designed to make what can be an overwhelming experience feel simple and streamlined to provide their clients with a feeling of calm and control.
The Los Angeles financial advisors at Aspiriant are experts in all areas of financial planning, such as taxes, estate planning, retirement, investments, bill pay, real estate, philanthropy, and budgeting.
This top-rated wealth management firm in Los Angeles helps clients handle a variety of life situations, such as:
- Buying a house: Getting a mortgage, weighing insurance options
- Remodeling a home: Running the project, managing the renovation expenses, finding insurance, and monitoring cash flow
- Prepping children for college: Training them to manage a portion of their own investment portfolio, teaching them to maintain a checking account, and helping them select health insurance
- Philanthropic planning: Aligning client giving with their values, helping them choose between a simple structure or a private foundation
2022-2023 Top-Rated Wealth Advisor Los Angeles
Investing & Wealth Planning
Aspiriant is a financial planner in Los Angeles that knows that offering the best financial guidance to its clients involves robust in-house research, serious rigor, heavy analytical firepower, and a complete commitment to innovation.
The Los Angeles top financial advisors at Aspiriant help clients craft a financial strategy that puts them on a successful path toward their future goals. Whether that means early retirement or loan-free education funding, it’s done in a way that doesn’t risk your financial present.
This wealth planning Los Angeles firm will help you answer questions like:
- Is it feasible for me to leave a lucrative career and pursue my passions?
- If I live to be 100 (or older!) will I have enough income for my long life?
- Would my family be okay if something happened to me?
- Will I have enough money if the market takes a serious downturn?
As top-rated Los Angeles financial planners, Aspiriant takes a completely unique approach to financial management. The firm’s advisors believe in empowering their clients to make them feel not only more financially secure, but also appreciated and in control.
For those looking for family office services, this is one of the top asset management firms in Los Angeles to consider. The team’s entire goal is to make the clients feel completely comforted and at peace, confident that everything is being expertly handled.
With a client-first focus and a talented team of innovators, Aspiriant is again awarded a 5-star rating as a top Los Angeles financial advisor to consider partnering with in 2022-2023.
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Cerity Partners Review
Founded in 2009, Cerity Partners is a financial consultant in Los Angeles with a mission to positively impact the financial lives of its clients.
While the firm is headquartered in Boston, Cerity Partners offers custom-tailored wealth management services to high-net-worth individuals, families, businesses, and non-profit organizations across 11 states.
Cerity’s advice, comprehensive oversight, and strong fiduciary duties extend well beyond investments. This team of Los Angeles top financial advisors will pull together all the experts necessary to address the various facets of a client’s financial life.
Key Factors That Enabled Cerity Partners to Rank as a Top Wealth Management Firm in Los Angeles
360° Financial Planning and Cash Flow Analysis
If you’re looking for a more efficient way to manage your wealth, this wealth advisor in Los Angeles has you covered. Cerity Partners comes with a solution that integrates every aspect of your financial life.
- Personal business assets
- Savings and expenditures
- Compensation packages
- Retirement accounts
- Debt and tax obligations
- Estate plans
These financial advisors in Los Angeles CA know that each and every part of your financial life plays a specific role in preserving and growing your wealth
Through its comprehensive financial planning and analysis, this financial planning Los Angeles firm helps its clients see the connection and impact on the wealth management strategy.
Los Angeles Wealth Advisor
Diversified Portfolio Solutions
When you’re investing, you’re doing it so that you can secure a better future for your children and loved ones. Investing also means committing to growing and preserving your hard-earned money.
This investment advisor in Los Angeles uses a disciplined investment process to ensure that clients’ portfolios are positioned to withstand volatility in the market and other economic conditions.
Cerity Partners uses a 4-step approach:
Step 1 – Setting your objectives
Step 2 – Creating your Investment Policy Statement (IPS)
Step 3 – Constructing your portfolio
Step 4 – Managing your portfolio
As one of the best investment management firms in Los Angeles, Cerity provides objective investment solutions that encompass the client’s complete financial landscape:
- Financial goals, needs, and priorities
- Risk profile, time horizon, and liquidity constraints
- Charitable, legal entity, and tax considerations
With a broad range of services that are focused on the client, fiduciary commitment, and its 360 approach to wealth management, Cerity Partners is a great choice of investment advisor in Los Angeles for individuals, families, organizations, and non-profits.
While this Los Angeles financial advisor is mainly for high-net-worth clientele, it stands out with multiple financial solutions and a drive to help its clients to take charge of their financial future.
EP Wealth Advisors Review
A desire to create a better financial model than the one used by Wall Street led to the founding of EP Wealth Advisors. Founded in 1999, the firm provides financial planning and wealth management in Los Angeles and has 22 offices in total throughout the country.
EP Wealth Advisors is a fee-only firm that is also a fiduciary. Its advisors take a holistic approach to wealth management, understanding that portfolio performance is only one part of a successful financial strategy.
This is one of the top investment firms in Los Angeles to work with if you believe in financial literacy. This is one of the key areas of focus for EP Wealth Advisors.
Key Factors That Enabled EP Wealth Advisors to Rank as One of the Best Wealth Management Firms in Los Angeles
“Investing in Women” Initiative
Championing a formerly underserved segment when it comes to financial planning, EP Wealth Advisors started its “Investing in Women” initiative to give women the right tools and pathways to grow their careers.
Women often outlive their male counterparts and have other unique situations that make their financial planning needs distinct.
This financial planning Los Angeles firm comes with a mission to empower women and help them plan for a successful financial future.
The strategy is summarized in their “Three C’s”:
- Colleagues: Promoting a workplace culture where women can participate and contribute thoughts and ideas openly
- Clients: Using an inclusive approach to financial management, the firm’s advisors help clients truly understand their portfolio
- Community: The firm’s focus on the community includes speaking at national conferences and educating younger generations on the importance of financial literacy
2022-2023 Ranking: Best Investment Management Firms Los Angeles
Financial Planning Made Easy
When you first begin working with a Los Angeles wealth advisor, it can be overwhelming. Searching “wealth management Los Angeles” is just the first step in a long process.
New investors, or anyone else who wants to have a less complex experience, will appreciate the financial planning approach of EP Wealth Advisors.
This LA wealth management firm works to simplify the entire process into four steps that are easy for clients to digest:
- Discover – develop a comprehensive understanding of your current needs, future goals, and personal or family ambitions
- Next is Prioritize, where you’ll receive a tailored financial plan that helps you define your goals and organize your financials.
- Implement is the next step, and it includes creating a strategically structured investment portfolio
- The last step is Monitor, at which point you’ll be given a recommendation from this wealth planning LA firm on how to best achieve your financial goals.
EP Wealth Advisors offers an integrated approach to financial planning that includes looking at your unique financial situation and planning for potential changes. This large team is also well-credentialed and experienced.
As a top financial advisor in Los Angeles, the firm’s “Investing in Women” initiative and focus on financial literacy are both features that make it stand out from the other wealth planning LA competitors.
With an uncomplicated, straightforward approach and a fiduciary commitment to always put its clients’ best interests first, EP Wealth Advisors once more earns a 5-star rating as one of the best financial advisors in Los Angeles, CA to consider partnering with in 2022-2023.
Falcon Wealth Planning Review
Founded in 2015, Falcon Wealth Planning is a financial planning Los Angeles firm with 10 offices across California, 1 office in Seattle, and 1 office in Chicago.
This top Los Angeles wealth management firm has a clear mission to provide its clients with the best path to wealth accumulation, retention, and tax reduction by designing and implementing financial strategies that are tailored to each client’s unique life goals.
On top of that, Falcon Wealth Planning is a fee-only financial planner in Los Angeles which means that it doesn’t charge commissions and is always working in its clients’ best financial interest.
Key Factors That Enabled Falcon Wealth Planning to Rank as One of the Best Wealth Management Firms in Los Angeles
Fee-Only & High Fiduciary Standards
Unlike many other wealth management firms in California, Falcon Wealth planning is truly dedicated to providing unbiased advice to its clients.
While other wealth planning LA firms may charge commissions, Falcon’s priority is managing money. As a fee-only financial planner in Los Angeles, Falcon always fully discloses all fees and works as a fiduciary to make sure the financial plan is truly in the client’s best interest.
This Los Angeles wealth advisor is proud to say that it’s legally obligated to do what’s best for the client.
2022-2023 Ranking of Financial Advisors in Los Angeles California
Comprehensive Tax Planning Services
With a goal of helping clients save hundreds of thousands of dollars in taxes, this financial consultant in Los Angeles knows to use the tried-and-true methods to minimize clients’ tax liability while at the same time maximizing retirement savings, education funding, and other financial goals.
Potential clients that are looking for financial freedom so they don’t have to worry about taxes will be happy to hear that this wealth management Los Angeles firm has extensive experience with:
- Individual Retirement Accounts (IRAs)
- 401 (k)
- Health savings accounts (HSAs)
- 529 plans for college saving purposes
- Self-employed retirement plan options like SEPs or solo 401(k)s
To provide comprehensive tax planning services, Falcon Wealth Planning works exclusively with CPAs to make sure clients have control over their tax situation in retirement.
This wealth planning Los Angeles team comes equipped with almost 100 years of combined experience that its ready to utilize to help clients get the best results from their hard-earned money.
Additionally, you can rest assured that Falcon’s main priority will always be to educate and protect its clients from taking unnecessary risks, paying too many fees, and investing in products that don’t work in their best financial interest.
For all those reasons, Falcon Wealth Management has earned a 5-star rating on our 2022-2023 Ranking of best wealth management firms in Los Angeles, CA.
HCR Wealth Advisors Review
Established in 1988, HCR Wealth Advisors has a longstanding reputation for objectivity and empathy, bringing a unique perspective to the financial planning industry.
This top financial planning Los Angeles firm provides independent and comprehensive services to high-net-worth families, athletes, business owners, divorcees, and retirees.
HCR Wealth Advisors offers financial guidance as a fiduciary, which means its expert advisors operate in the best interests of their clients at all times.
Key Factors That Enabled HCR Wealth Advisors to Rank as One of the Top Financial Advisors in Los Angeles
The Clarity Formula™
While everyone walks their own unique path in life, certain financial considerations remain a constant.
The innovative Los Angeles financial advisors at HCR Wealth Advisors help bring all those financial considerations together in The Clarity Formula™. This formula is designed to encompass all the steps that clients will encounter on their journey to financial success.
The steps laid out by this Los Angeles wealth management firm, include:
- Financial Planning (retirement planning, budgeting, net worth analysis, etc.)
- Investment Management (portfolio management, market research, etc.)
- Estate Planning (trust review, legacy planning, etc.)
- Risk Management (insurance review, personal coverage review, etc.)
- Tax Strategies (year-end tax loss harvesting, retirement plan optimization, etc.)
- Cash Management (cash flow analysis, debt structuring, etc.)
- Philanthropy (charitable giving, donor-advised funds, etc.)
- Value-Added Services (thought leadership, business consulting, etc.)
Best Asset Management Firms in Los Angeles, California in 2022-2023
Guidance Through All Life’s Transitions
HCR’s team of top-rated Los Angeles financial advisors understands that life is full of surprises. These can come in the form of life transitions as well as unpredictable turns in the financial markets. This financial consultant in Los Angeles aims to help clients be ready to face and overcome all of life’s challenges with a sound financial strategy.
HCR Wealth Advisors’ strategy is to look at your investments, retirement plans, and financial targets to give you a plan that evolves along with your life.
This financial planning Los Angeles firm will make a plan that is built to handle transitions such as:
- Loss of a loved one
- Selling a business
- Starting a business
- A sudden and significant influx of assets
HCR Wealth Advisors offers a holistic and comprehensive approach to wealth management and financial planning. This top Los Angeles wealth management firm uses a transparent process that includes just about everything that anyone looking for the best financial advisor in Los Angeles would need.
With a focus on resilient financial planning that considers all life factors, HCR Wealth Advisors has solidified its 5-star rating as one of the top Los Angeles financial advisors to consider partnering with in 2022-2023.
See Also: Top Financial Advisors in New Jersey
Miracle Mile Advisors Review
Offering sophisticated and comprehensive financial management, Miracle Mile Advisors is a top-rated Los Angeles wealth management firm founded by ex-Wall Street advisors who wanted to create something better.
Miracle Mile is a fee-only wealth management firm in Los Angeles that also operates as a fiduciary. The firm specializes in working with high-net-worth families, individuals, and businesses, and has two offices – one in Los Angeles and one in Newport Beach.
Elegantly Simple Portfolio Management
Miracle Mile Advisors has innovated several investing processes to increase the value of client investments while mitigating risk. This Los Angeles wealth management firm’s approach includes bringing simplicity to a normally complex process.
The portfolio management process that clients can expect from the Los Angeles financial advisors at Miracle Mile includes:
- Macro Overview: Extensive macro-economic research, forecast return expectations across global markets, creation of confidence intervals
- Asset Allocation: Creation of specific allocations based upon the macro-economic outlook, portfolio optimization for client risk tolerance, opportunistically allocated portfolios
- Portfolio Design: Identify ideal underlying investments, use proprietary characteristics to implement selections, monitor investment exposures
- Tax Optimization: Select tax-efficient investments, implement ongoing tax-loss harvesting, analyze portfolio metrics
- Implementation & Monitoring: Take a phased implementation approach, monitor key macro-economic indicators, daily holdings monitoring, rebalance as needed
2022-2023’s Top-Rated Financial Planners in Los Angeles, CA
Customized Planning Services
The team at Miracle Mile Advisors tailors plans to each client because advisors feel that no two plans should be exactly alike. While the basic foundations of good wealth management may remain the same, the firm’s advisors believe that how they’re applied should reflect the specific lifestyle and financial goals of each person.
This top-rated Los Angeles wealth management firm helps clients anticipate and solidify their financial plan to include resiliency for any of life’s major events such as:
- Injury or illness
Financial peace of mind is at the heart of the guidance that Miracle Mile Advisors provides its clients. This m has also consistently garnered industry recognition from publications such as Forbes and Barron’s.
One unique feature that sets this firm apart from other investment management firms in Los Angeles is the roll-over photos included on its team listing. The photos show a unique side of each staff member, helping clients get a more personal glimpse into the professionals they’ll be working with.
With a diligent investment process that looks at all potential factors and a client-centric attitude, Miracle Mile Advisors scores a 5-star rating on our 2022-2023 ranking of best financial advisors in Los Angeles, California.
A truly full-service financial planning firm, Navigoe was started to offer a more client-centric form of wealth management than what was being offered back in the early 1990s. The firm is based in Redondo Beach, CA, and serves clients throughout the LA area as well as in other states.
This fee-only Los Angeles wealth management firm is also a fiduciary. The firm works with a variety of clients, including those nearing or in retirement, working professionals, those going through life transitions, and business owners.
Key Factors That Enabled Navigoe to Rank as One of the Top Financial Advisors in Los Angeles
Personalized, Client-Centric Process
Choosing the right financial advisor in Los Angeles can be a process. Navigoe advisors believe it’s vital that each client and their financial advisor are on the same page, so they always begin with 3-5 meetings to gain an in-depth understanding of each client’s financial goals and needs.
This top-rated financial advisor in Los Angeles has an education-based process designed to help each client understand all financial decisions and how they may impact their future.
‘Navigo’ means to sail, navigate, and travel by sea in Latin, so you’ll see a nautical theme throughout the firm’s site. Its client-centric introductory process includes:
- Introductory Meeting to Meet the Crew
- Discovery Meeting to Prepare for the Voyage
- Charting the Course
- Getting Ready to Set Sail
2022-2023 Ranking: Best Financial Advisors in Los Angeles
Fee-Only Pricing & Fiduciary Commitment
Navigoe represents the highest standards of ethics and best practices among Los Angeles financial planning firms. Its fee-only pricing structure instills trust that clients will receive completely objective advice, free from any conflicts of interest due to commissions or referral income.
As fiduciaries, the Los Angeles top financial advisors at Navigoe are legally obligated to put the client’s best interests ahead of all else. This offers a foundation of trust and transparency between advisors and their clients.
Navigoe maintains an active membership with professional organizations such as:
- National Association of Personal Financial Advisors (NAPFA)
- Financial Planning Association (FPA)
- Fee-Only Network
Navigoe’s advisors believe in working closely with clients to help them achieve their financial dreams. Rather than just setting clients afloat in the right direction, this top Los Angeles wealth management firm comes on board with you as your navigator. Relationship building and personalized service are both hallmarks of these Los Angeles financial advisors.
With a completely unique style and client-dedicated approach to financial management, Navigoe earns a 5-star rating on our 2022-2023 ranking of best Los Angeles financial planners to consider working with.
Westmount Asset Management, LLC Review
Westmount Asset Management, LLC is a leading independent investment firm in Los Angeles serving high-net-worth families, pensions, and nonprofits throughout Southern California since 1990.
For over 30 years, Westmount has positioned itself as an innovative Los Angeles financial advisory firm that eschews conventional tactics for a more flexible, personalized experience.
Many of the principles adopted by the firm at its founding have since evolved into industry standards. Westmount’s website, for example, mentions that it was one of the first firms to adopt the fiduciary advisor model “that eliminated commissions – and conflicts of interest.”
Westmount is a fee-only financial advisor in Los Angeles, CA.
Key Factors That Enabled Westmount Asset Management, LLC to Rank as One of the Top Wealth Management Firms in Los Angeles
Approach to Investing
Westmount’s advisory team uses a highly personalized methodology to understand each client’s financial situation and goals. Westmount then uses that information to develop a customized portfolio and asset allocation that aligns tightly with those goals.
Westmount outlines its investment approach by describing the five fundamental tenants its advisors follow:
- They never stop looking for high-quality investment opportunities that will add value to their clients’ portfolios.
- They adhere to conventional wisdom, but not rigidly.
- They have deep expertise in alternative strategies that can potentially complement more traditional holdings like stocks and bonds.
- They (mostly) invest for the long-term but remain flexible in order to take advantage of short-term opportunities that may enhance returns or reduce risk in client portfolios.
- They recognize investors are increasingly demanding access to investments that can deliver both financial returns and positive social change.
2022-2023 Ranking of Top Los Angeles Wealth Management Firm
Context-Driven Approach to Financial Planning
The best investment advice has context, according to this top-rated wealth planning LA firm. This context entails understanding all the facets of a client’s life as well as the investment marketplace.
The “dig deep” philosophy of this wealth management Los Angeles firm allows its advisors to completely understand each client’s needs, wants, and dreams so they can design the perfect financial strategy for their future. For that reason, Westmount offers a full suite of financial planning services at no additional charge for its clients.
Westmount’s financial planning process:
- Uses sophisticated modeling software to create a financial roadmap that helps visualize future financial scenarios.
- Helps answer important questions about Social Security and Medicare options, retirement trajectories, funding future education for children or grandchildren, and more.
- Offers clarity and organization around the client’s entire wealth picture, including their investments, charitable intentions, and multigenerational planning concerns.
- Involves the client’s other financial experts to provide a holistic financial experience and seamless execution of the plan.
For those investors who like to feel heard by their Los Angeles financial planners, Westmount will be a great fit. The firm’s advisors put a premium on getting to know their clients’ lives so they can offer a personalized financial roadmap to get them where they need to go.
With a diligent process for wealth management and financial planning and a pioneering spirit, Westmount Asset Management earns a 5-star rating as one of the best financial advisors in Los Angeles, California to consider working with in 2022-2023.
Conclusion 2022-2023 Ranking — Top 11 Best Financial Advisors & Wealth Management Firms in Los Angeles, CA
Financial advisors in Los Angeles can be as varied as their clients, which gives you a better chance of finding one that is a perfect fit for both your personal style and financial needs.
Determining factors to use when choosing a top-rated financial advisor in Los Angeles include things like clientele specialty, investible asset minimums, and the range of services offered.
Fee structure and costs are other important comparison points you should refer to before you start selecting the Los Angeles wealth management firms you might consider. If you’re unsure of whether a firm is fee-based or fee-only, ask the advisors directly to confirm.
Most LA wealth management and financial planning firms offer complimentary initial consultations. This is a great way to get to know the advisors at a firm better and get an idea of whether the firm is a good match for you.
To ensure a productive initial meeting with a potential Los Angeles wealth manager, make a list of all your investable assets, financial goals for the future, and any specific upcoming life events, such as buying a new home or education planning.
The firms on our list of top-rated financial advisors in Los Angeles represent a wide variety of specialties, and we believe they can match nearly anyone’s needs. These firms are all excellent options to consider for financial guidance in 2022-2023 and beyond.
Best of luck with your search for the best financial advisor in Los Angeles!
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