First Foundation Advisors

CRD#106075
Investment Advisor Firm

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Overview

First Foundation Advisors operates as a financial advisor firm located in Irvine, California. First Foundation Advisors controls $4.4 billion in assets over 3,453 customer accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). It has an average-sized group of 69 employees, of which 40 are financial advisors. First Foundation Advisors does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as equities, options and bonds.

First Foundation Advisors manages most of its client assets in a discretionary manner. Discretionary management means that transaction choices are made by a portfolio manager without needing to seek the customer's approval. It also has 31 non-discretionary accounts totaling $97.3 million in assets. The investment advisory firm oversees an average of $1.3 million for each client account. The typical financial advisor at First Foundation Advisors manages around 86 client accounts.

The company's headquarters is at 18101 Von Karman Ave, Irvine, California 92612-1051. First Foundation Advisors is permitted to serve clients throughout 27 U.S. states and territories.

Assets Under Management

$4.4 billion

Number of Advisors

40

Disclosures

No

Office Location

18101 Von Karman Ave
Irvine, CA 92612-1051

First Foundation Advisors by the Numbers

Total Assets Under Management

$4.4 billion

National Average: $3.7 billion
Total Number of Employees

69

National Average: 29
Total Number of Accounts

3,453

National Average: 2,073
Average Account Size

$1.3 million

National Average: $1.8 million

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Products and Services

First Foundation Advisors offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles and selection of other advisers. In the prior financial year, First Foundation Advisors provided financial planning services to 11-25 of its accounts. It is not engaged in selling products or offering services other than investment advice to its investment advisory customers. It also has a number of financial industry affiliations, including with a banking or thrift institution and insurance company or agency.

Core Advisor Services

  • Offered by 45% 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 62% 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 23% 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

A financial advisor's fees usually are based on the services offered. Fee types charged by the firm likely include the following fee types: asset-based, hourly, fixed or performance-based. The company does participate in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 74% 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 35% 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 17% of firms

    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.

  • Offered by 40% 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.

Unavailable

  • Find one of the 2% 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 1% 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.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

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

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Types of Clients

The firm does business with a number of different clients. First Foundation Advisors works with retail investors, high net worth investors, banking institutions, investment companies, pooled investment vehicles, charitable organizations and corporations. Out of its 3,453 customers, First Foundation Advisors's biggest client is high net worth investors, though it also manages money for 727 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.

  • High-Net-Worth Individuals* - 52.72%
  • Other Individuals - 39.81%
  • Corporations - 4.28%
  • Charitable Organizations - 3.19%

* 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

First Foundation Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at First Foundation Advisors

Paul Miller
Los Angeles, CA
Janice Carmen
Irvine, CA
Rachel Ribeiro
Irvine, CA
Daniel Fan
Irvine, CA
Calvin Jones
Irvine, CA
Hess Lindsey
Pasadena, CA
Jeffrey Eisfelder
Los Angeles, CA
Roger Palley
Irvine, CA
Ramsey Andrijevich
Irvine, CA

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This content was compiled from the SEC and FINRA