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How does the advisor help clients – Key Takeaways:
Based in California, FIRST FOUNDATION ADVISORS is a financial consulting firm that offers a range of services to help clients manage their finances. The firm has a team of experienced advisors who are dedicated to providing personalized solutions to individual, business, and institutional clients. Keep reading to learn more about how the advisor helps clients manage their wealth and achieve their financial goals.
Facts and Insights
As of 2019, FIRST FOUNDATION ADVISORS manages over $7 billion in assets, with a team of 30 dedicated advisors. The firm has been in business for over 10 years, since its establishment in 2008. This speaks to the firm’s credibility and years of experience in the industry.
According to the firm’s website, their approach to wealth management is rooted in the belief that financial success is achieved through a comprehensive and holistic approach. This means considering all aspects of a client’s financial situation, such as investments, taxes, insurance, and estate planning, to create a customized plan that meets their specific needs and goals.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $7 Billion+ | 30+ | 10+ years |
Financial Services Offered
The team at FIRST FOUNDATION ADVISORS provides a wide range of financial services to help clients manage their wealth effectively. These services include wealth management, financial planning, investment management, risk management, tax planning, and estate planning. The firm also offers educational resources and tools to help clients make informed financial decisions.
Client Types
FIRST FOUNDATION ADVISORS caters to a diverse range of clients, including individuals, families, businesses, and institutions. Their personalized approach to financial planning allows them to cater to the unique needs and goals of each client, regardless of their background or financial situation.
Fees & Compensation
The firm offers fee-only financial planning services, which means they only charge a fixed fee for their services and do not receive commissions or incentives for recommending certain investments. This ensures that the advisors’ recommendations are always in the best interest of the client.
The firm’s fees may vary based on the complexity and scope of the services provided. Clients can discuss and agree upon the fees with their advisor before engaging in any services.
Background
FIRST FOUNDATION ADVISORS was founded in 2008 by Scott F. Kavanaugh and David R. Schumann. Both founders have extensive experience in the wealth management industry and have worked together at another financial firm before starting their own. The firm’s team of advisors includes individuals with various certifications and designations, such as CFP® (Certified Financial Planner) and CPA (Certified Public Accountant).
Financial Advisor Disclosures to Know
As with any financial firm, it is essential to be aware of any potential conflicts of interest or disclosures. FIRST FOUNDATION ADVISORS may have a conflict of interest if they recommend investments from affiliated companies or receive any form of compensation for recommending certain products or services. However, as a fee-only firm, they aim to mitigate these conflicts by fully disclosing them to clients before providing any services.
In conclusion, FIRST FOUNDATION ADVISORS is a reputable and experienced financial consulting firm that offers personalized and comprehensive services to help clients manage their wealth effectively. With a team of dedicated and qualified advisors, a diverse range of financial services, and a fee-only compensation model, the firm is well-equipped to assist clients in achieving their financial goals.