SOURCE: BrightScope

BrightScope

May 20, 2014 08:00 ET

BrightScope Announces Top 25 Los Angeles Area-Based RIA Firms

Everett Harris & Co Maintains Top Spot With $6.4 Billion in Total Assets Under Management, Followed by Halbert Hargrove at $4 Billion

SAN DIEGO, CA--(Marketwired - May 20, 2014) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the Top 25 Registered Investment Advisor (RIA) firms in the Los Angeles area, focused on individual money management, with the greatest amount of assets under management. This list is part of the series that BrightScope regularly issues to highlight data contained within its recently enhanced Advisor Pages™, a comprehensive directory of over 680,000 financial advisors that serves as a breakthrough way for people to discover, research, and select a financial advisor.

"Over the past few years, there has been a significant uptick in amount of assets managed by RIA firms in the Los Angeles area. The top ranked company alone has gained more than $1 billion in assets," said Brooks Herman, Head of Data and Research at BrightScope. "Both gaining and preserving investor confidence is integral to a firm's growth. That's why BrightScope has continued to expand the Advisor Pages platform, allowing for investors to interact with advisors for expert insight and to provide a resource for unbiased information that helps people find the best investor for their individual needs."

The last list of Top Los Angeles RIA firms was published in 2011. Noteworthy findings in this year's list include:

  • Everett Harris & Co claims the top spot on the list with $6.4 billion under management, $2.5 billion more than No. 2 firm on the list
  • Sixteen companies return to the list since BrightScope's 2011 ranking; 14 have increased total assets under management

Top 25 Los Angeles area-based advisors by total assets under management:

Company - Total assets under management*:

1. Everett Harris & Co - $6.4B

2. Halbert Hargrove - $4B

3. Icg Advisors, LLC - $3.6B

4. Churchill Management Group - $3.4B

5. Clifford Swan Investment Counsel LLC - $2.3B

6. Main Street Advisors - $1.8B 

7. Covington Capital Management - $1.8B

8. Westmount Asset Management, LLC - $1.7B

9. Mozaic, LLC - $1.5B

10. First Western Capital Management Company - $1.4B

11. Morton Capital Management, LLC - $1.3B

12. Ami Asset Management Corp - $1.3B

13. Gamble Jones Investment Counsel - $1.1B 

14. Camden Capital, LLC - $1.1B

15. Abacus Wealth Partners - $1.1B

16. Howard Capital Management, Inc. - $997.8M

17. Wescap Group - $892.2M

18. Chelsea Management Company - $858.8M

19. Lido Advisors - $782.6M

20. Granite Investment Partners, LLC - $ 768.3M

21. Joel R. Mogy Investment Counsel Inc. - $766.8M

22. Libbie Agran Financial Services - $659.1M

23. Acacia Wealth Advisors, LLC - $645.7M

24. Lawrence W. Kelly & Associates, Inc - $638.5M

25. The Investment House LLC - $541.7M

* Total firm assets under management are subject to change, as data is continually updated over time. The information presented in this list is current as of May 15, 2014, and should be viewed as a snapshot in time.

By aggregating hard-to-discover but publicly available information on advisors, BrightScope has created a free, easy-to-use database that is searchable from multiple dimensions. BrightScope's Advisor Pages™ features the data most critical to investors tasked with making an informed decision on which financial professional best meets their needs, including location, qualifications, amount and types of assets under management, area of specialty, legal disputes, formal complaints and more.

Advisors can claim and manage their individual or firm profiles at www.brightscope.com/advisor-pages/.

BrightScope obtains its data directly from publicly available sources, including required regulatory filings from the Securities and Exchange Commission. Financial advisors can augment these primary sources by claiming their BrightScope Advisor Page™. By analyzing and interpreting this data, BrightScope now provides unparalleled insight into the financial management industry.

For more information about BrightScope Advisor Pages™ or to find information on a financial advisor, please visit http://www.brightscope.com/financial-planning/find/advisor/.

About BrightScope
BrightScope is a financial information company that brings transparency to opaque markets through independent research and analysis. Delivered through web-based software, BrightScope data drives better decision-making for individual investors, corporate plan sponsors, asset managers, broker-dealers, and financial advisors. The BrightScope Rating™, developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines plan quality at the company level. In April 2011, the company launched BrightScope Advisor Pages™, the first comprehensive and publicly available directory of financial advisors designed to help consumers discover information and conduct due diligence on wealth management professionals. BrightScope also markets a suite of data analytics software products to Fortune 1000 companies, asset managers, broker-dealers, financial advisors, and other market participants. Public ratings for nearly 50,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 680,000 registered financial advisors and nearly 33,000 active advisory firms are available for free at www.brightscope.com.