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Top 3 financial advisor firms in Carmel

3 SEC-registered financial advisor firms are headquartered in Carmel, CA, with $1.18B in combined regulatory assets under management. The largest by assets are Praetorian Wealth Management ($599M), Carmel Capital Management ($392M) and Topturn Capital ($187M).

3
Financial advisor firms
$1.18B
Their combined AUM
$392M
Median firm AUM
678
Clients of the top 3

The 3 largest by assets

  1. 1
    Praetorian Wealth Management

    RIA

    $599M

  2. 2
    Carmel Capital Management

    RIA

    $392M

  3. 3
    Topturn Capital

    RIA

    $187M

Profiles of the top 3

No. 1 · RIA

Praetorian Wealth Management

Praetorian Wealth Management is an investment adviser based in Carmel, CA, registered with the SEC since 2008. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $599 million, as filed on 9 January 2026.

Praetorian Wealth Management charges 1.00%–1.50% a year for its Investment Management and Financial Planning.

Regulatory AUM
$599M
Clients
470
Advisory staff
8
Founded
2008
Fee schedule
1.00% to 1.50% a year
Headquarters
3775 Via Nona Marie, Suite 220, Carmel, CA 93923
Phone
831-622-9600
Website
praetorianguard.biz

No. 2 · RIA

Carmel Capital Management

Carmel Capital Management is an investment adviser based in Carmel, CA, registered with the SEC since 2002. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $392 million, as filed on 27 February 2026.

Carmel Capital Management charges 1.00% a year for its Annual advisory fee.

Regulatory AUM
$392M
Clients
102
Advisory staff
6
Founded
1999
Fee schedule
1.00% to 1.00% a year
Custodians
Charles Schwab
Headquarters
26350 Carmel Rancho Lane, Suite 225, Carmel, CA 93923-8734
Phone
831-625-1375
Website
carmelcapital.com

No. 3 · RIA

Topturn Capital

Topturn Capital is an investment adviser based in Carmel, CA, registered with the SEC since 2009. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and pension and profit-sharing plans. Its regulatory assets under management total $187 million, as filed on 30 March 2026.

Topturn Capital charges 0.50%–1.50% a year for its Investment Management and Wealth Management Fee.

Regulatory AUM
$187M
Clients
106
Advisory staff
4
Fee schedule
0.50% to 1.50% a year
Custodians
Charles Schwab
Headquarters
200 Clock Tower Place, Suite B208, Carmel, CA 93923
Phone
831-324-0481
Website
topturncapital.com

Questions about financial advisors in Carmel

How many financial advisor firms are headquartered in Carmel?

3 SEC-registered financial advisor firms report their principal office in Carmel, CA, managing $1.18B in regulatory assets between them. The other 2 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Carmel?

Praetorian Wealth Management, with $599M in regulatory assets under management on its latest Form ADV. The next largest are Carmel Capital Management ($392M) and Topturn Capital ($187M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Carmel?

The median firm manages $392M in regulatory assets. That is the midpoint of the 3 firms headquartered in Carmel.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Carmel charge?

Of the 3 largest firms, 3 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 1.50% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Carmel?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Carmel has 3 financial advisor firms; see every adviser in the city →

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