Classic Financial & Insurance Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Classic Financial & Insurance Services reports 215 clients. They include 156 individual clients, 43 high-net-worth individuals, and 15 pension and profit-sharing plans. Of its assets, 47.3% ($71.7M across 89 accounts) are managed with discretion; $79.9M across 126 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 16% |
| High-net-worth individuals | 20% | 75% |
| Pension and profit-sharing plans | 7% | 8% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 156 | $25M | 16.5% | $160K |
| High-net-worth individuals | 43 | $114M | 75.1% | $2.65M |
| Pension and profit-sharing plans | 15 | $12.7M | 8.4% | $849K |
| Charitable organizations | 1 | $65.3K | 0.0% | $65.3K |
| Total | 215 | $152M | 100% | $705K |
- Clients
- 156
- Regulatory AUM
- $25M
- AUM share
- 16.5%
- Avg. per client
- $160K
- Clients
- 43
- Regulatory AUM
- $114M
- AUM share
- 75.1%
- Avg. per client
- $2.65M
- Clients
- 15
- Regulatory AUM
- $12.7M
- AUM share
- 8.4%
- Avg. per client
- $849K
- Clients
- 1
- Regulatory AUM
- $65.3K
- AUM share
- 0.0%
- Avg. per client
- $65.3K
Total
- Clients
- 215
- Regulatory AUM
- $152M
- AUM share
- 100%
- Avg. per client
- $705K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Classic Financial & Insurance Services is paid through a percentage of assets under management and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Charles Russo owns 75% or more of Classic Financial & Insurance Services. The leadership team of Classic Financial & Insurance Services includes President Charles Russo. It has 4 employees, 1 of them in advisory roles.
Leadership
- Charles RussoPresident & Chief Compliance Officer
- Ellen HornSecretary
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- 4 insurance agents
- Owns 75% or more of Classic Financial & Insurance Services, Inc.
Charles Russo
Control person · since January 2000
- Owns 10% to 25% of Classic Financial & Insurance Services, Inc.
Ellen Horn
since January 2024
Besides its headquarters, Classic Financial & Insurance Services has 0 offices, with 1 listed address in California.
California · 1 listed address
- 2535 Townsgate Road, Suite 310, Westlake VillageHQ
Other business names
Classic Financial & Insurance Services has reported 1 other business name to the SEC.
- Classic Financial
Contact and registration details
- Legal name
- Classic Financial & Insurance Services, Inc.
- Headquarters
- 2535 Townsgate Road, Suite 310, Westlake Village, CA 91361
- Website
- classicfinancial.net
- Phone
- 805-230-2430
- SEC file
- 801-135641
- Structure
- California corporation
- Fiscal year end
- December
Classic Financial & Insurance Services uses SEI Investments Distribution ($152M) as custodian for its separately managed accounts. Classic Financial & Insurance Services does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $152M100%
At year end, Classic Financial & Insurance Services’ separately managed accounts were mostly in stocks (90%).
What the accounts hold
- Stocks90%
- Cash7%
- Other3%
- Corporate secured fixed rate bonds3%
How many clients does Classic Financial & Insurance Services have?
Classic Financial & Insurance Services has 215 clients and manages $152 million for them, as of July 2026. They include 156 individual clients, 43 high-net-worth individuals, and 15 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does Classic Financial & Insurance Services offer?
Classic Financial & Insurance Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Classic Financial & Insurance Services use?
Classic Financial & Insurance Services’ separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $152M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does Classic Financial & Insurance Services have?
Classic Financial & Insurance Services has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Classic Financial & Insurance Services invest in?
At the end of its last fiscal year, Classic Financial & Insurance Services’ separately managed accounts held 90% exchange-traded equities, 7% cash and equivalents and 3% other. The 3% other category is described as: Corporate Secured Fixed Rate Bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Classic Financial & Insurance Services?
Classic Financial & Insurance Services’ direct owners are Charles Russo (75% or more) and Ellen Horn (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does Classic Financial & Insurance Services get paid?
Classic Financial & Insurance Services is paid through a percentage of assets under management and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Classic Financial & Insurance Services?
Classic Financial & Insurance Services’ main office is at 2535 Townsgate Road, Suite 310, Westlake Village, CA 91361. Its phone number is 805-230-2430. Its website is classicfinancial.net.