Adero Partners, LLC

CRD#297808
Investment Advisor Firm

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Overview

Adero Partners, LLC is located at 5000 Hopyard Road, Pleasanton, CA. The firm employs 25 financial advisors to manage client portfolios and provide financial guidance. Adero Partners, LLC is not a registered broker-dealer.

Adero Partners, LLC oversees $4.0 billion in assets under management across 3,511 accounts, of which 3,498 are discretionary and 13 are non-discretionary. Over the past year, the firm has provided financial planning services to 500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and other services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Adero Partners, LLC includes asset-based, hourly, fixed, and other fees. The firm has 585 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, an insurance company or agency, a pension consultant, and a commodity pool advisor.

Adero Partners, LLC is registered in the states of Arizona, California, Colorado, Florida, Hawaii, Illinois, Louisiana, Michigan, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oregon, Tennessee, Texas, Utah, and Washington.

Assets Under Management

$4.0 billion

Number of Advisors

25

Disclosures

No

Office Location

5000 Hopyard Road
Pleasanton, CA 94588

Adero Partners, LLC by the Numbers

Total Assets Under Management

$4.0 billion

National Average: $8.6 billion
Total Number of Employees

51

National Average: 64
Total Number of Accounts

3,511

National Average: 375,227
Average Account Size

$1.1 million

National Average: $23.0 thousand
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Products and Services

Adero Partners, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and other services. In the past financial year, Adero Partners, LLC provided financial planning services to 500 of its accounts. The Firm is engaged in selling products or offering services aside from investment advice to its clients.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees typically depend on the type of financial services provided. Fees charged by Adero Partners, LLC likely consist of some blend of the following fee types: asset-based, hourly, fixed, or other.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

The company does business with a broad range of customers. The company works with retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, Adero Partners, LLC's biggest client group by number of accounts is high net worth investors, though it also caters to 585 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 64.5%
  • Other Individuals - 34.73%
  • Corporations - 0.44%
  • Charitable Organizations - 0.33%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Adero Partners, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Adero Partners, LLC

Regan Smith
Denver, CO
Leilah Buker
Beaverton, OR
Konrad Kern
Pleasanton, CA
Adam Farid
San Francisco, CA
Mark Bates
Orinda, CA
Alina Sohng
San Jose, CA
Jayne Smith
Pleasanton, CA
Rebekah Mull
Pleasanton, CA
Nina Doehrman
San Francisco, CA

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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