California Lowest-Fee RIAs for $2 Million Portfolios (as of June 2026)

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Founded in 1981 by James Patrick King, J.P. King Advisors is a 100% employee-owned firm now led principally by Scott Horton. The firm invests primarily in no-load mutual funds and ETFs, guided by an investment committee and a strategy rooted in modern portfolio theory and broad diversification, and may use individual securities when appropriate. Some of the firm's advisers are licensed to sell insurance and annuity products and may earn commissions on those sales, which the firm discloses as a conflict of interest.

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Rebalance was formed in 2011 and is owned through entities controlled by Scott Puritz and Mitchell Tuchman. Through its Rebalance360 program, the firm manages portfolios on a low-cost, largely automated basis, limiting its investments to a small set of exchange-traded funds allocated across roughly seven model portfolios; clients generally cannot impose restrictions on the securities held. Its investment committee includes well-known index-investing figures Burton Malkiel and Charles Ellis. The firm's managing directors separately offer personalized wealth management to a select group of clients, which may use a broader range of securities and a negotiated fee.

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Index Fund Advisors has provided fee-only investment advice since 1999 and is principally owned by founder and CEO Mark Hebner. The firm builds portfolios almost entirely from passively managed index mutual funds and ETFs, drawing on funds from Dimensional, Avantis, Vanguard, and Schwab, and has recently added a sub-advisory arrangement under which Dimensional manages certain client assets for an additional fee. A division called Investing for Catholics offers portfolios screened to U.S. Conference of Catholic Bishops guidelines. Tax preparation and planning are available through the separate IFA Taxes division for additional fees, and clients bear the expense ratios of the underlying funds.

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Three Arch Wealth Management was founded in October 2024 and is owned by co-founders Becky Vasquez and Tyler Vasquez, both formerly of Index Fund Advisors. The firm builds discretionary portfolios primarily from model allocations of mutual funds and ETFs, with an efficient-market tilt toward small-cap, value, and high-profitability stocks, and may also use individual stocks, bonds, and REITs. Where it places client assets with an outside independent manager, the combined fee is capped at 1.75% annually.

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WestHill Financial Advisors traces its roots to 1989 and previously operated under names including Taddei, Ludwig & Associates; it is owned by several of its principals. The firm uses a core-and-satellite strategy, combining passive index and exchange-traded funds at the core with actively managed funds, and offers financial planning, business consulting, and retirement-plan services. Some of the firm's advisers are licensed to sell insurance and annuity products and may earn commissions, which the firm discloses as a conflict of interest. WestHill also offers access to third-party managed account programs through Schwab, for which the client pays a separate fee.

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Corvus Wealth Advisors is a California firm owned principally by Garcia Wealth Management Group and Compass Financial Planning, with Robert Garcia serving as managing member and chief compliance officer. The firm builds portfolios from a mix of actively and passively managed mutual funds and ETFs, and may also place a portion of client assets with sub-advisers or third-party managers, whose fees can be additional (with combined fees capped at 2.50%). Corvus offers several distinct service tiers, each with its own schedule and minimum fee. Mr. Garcia separately owns Evolve Retirement Plan Solutions, a recordkeeping provider he may recommend to clients, which the firm discloses as a conflict of interest.

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Founded in 2000, Mission Wealth is primarily employee-owned and provides investment management and financial planning to individuals and families. It builds portfolios with ETFs, mutual funds, individual stocks and bonds, and private investments. Outside managers are used selectively and charge separately from Mission Wealth. Financial planning is generally included for investment clients, while tax preparation may be included or billed separately depending on the engagement. The firm may also receive separate compensation for insurance placement.

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