West Coast Financial, LLC

CRD#104677
Investment Advisor Firm

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Learn more about West Coast Financial, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    West Coast Financial, LLC is located at 1435 Anacapa Street, Santa Barbara, CA. The firm employs 27 financial advisors to manage client portfolios and provide financial guidance. West Coast Financial, LLC is not a registered broker-dealer.

    West Coast Financial, LLC oversees $1.9 billion in assets under management across 2,039 accounts, of which 2,037 are discretionary and 2 are non-discretionary. Over the past year, the firm has provided financial planning services to 727 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and pension consulting services. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at West Coast Financial, LLC includes asset-based and fixed fees. The firm has 373 high net worth clients.

    West Coast Financial, LLC is registered in the states of Arizona, Colorado, Florida, Idaho, Illinois, Louisiana, Massachusetts, Nevada, New Hampshire, New York, North Carolina, Oregon, Texas, Washington, Minnesota, and California.

    Assets Under Management

    $1.9 billion

    Number of Advisors

    27

    Disclosures

    No

    Office Location

    1435 Anacapa Street
    Santa Barbara, CA 93101

    West Coast Financial, LLC by the Numbers

    Total Assets Under Management

    $1.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    41

    National Average: 64
    Total Number of Accounts

    2,039

    National Average: 375,227
    Average Account Size

    $931.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    West Coast Financial, LLC offers a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and pension consulting services. In the past fiscal year, West Coast Financial, LLC provided 727 of its accounts with financial planning services. The Firm does not sell products or offer services other than investment advisory services to its investment advisory customers.

    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.

    • Find a firm that offers this service

      Market Timing Services

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

    Other Services

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    Fee Structure

    Fees charged by financial advisors typically are based on which service is provided. Fees charged by West Coast Financial, LLC may include some combination of the following fee structures: asset-based or fixed.

    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 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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.

    • Find one of the 10% 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 works with a broad range of customers. It caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and corporations. Out of its 5 clients, West Coast Financial, LLC's biggest client type by number of accounts is high net worth investors, but it also manages money for 373 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 51.1%
    • Other Individuals - 45.75%
    • Corporations - 3.15%
    • Charitable Organizations - 0%

    * 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

    West Coast Financial, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at West Coast Financial, LLC

    Samuel Marshall
    Santa Barbara, CA
    Jessica Layman
    Santa Barbara, CA
    Alissa Rennacker
    Santa Barbara, CA
    James Weimer
    Santa Barbara, CA
    Jonathan Bartfeld
    Santa Barbara, CA
    Andrew Paulsen
    Santa Barbara, CA
    Jackson Rabuck
    Santa Barbara, CA
    Jeremy Runnels
    San Diego, CA
    Jeffrey Houghtby
    Santa Barbara, 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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