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Welcome to Newport Coast Wealth Management

Your Wealth Redefined

At Newport Coast Wealth Management, we believe that wealth does not define you. Rather, successful facilitation combined with careful oversight of your wealth can open doors and create opportunities for financial freedom. 

START REDEFINING WEALTH IN YOUR LIFE TODAY

integrity | trust | transparency

At the Heart of Our Work

Selecting the right firm to manage your assets can be complex.  


Newport Coast Wealth Management is a SEC Registered Investment Adviser (RIA) firm, whose founder, Jay Richardson, has three decades of experience providing private clients with comprehensive, holistic, and integrated wealth management services.   

We serve affluent and high-net-worth individuals, families, business owners, executives, royalty owners, foundations, nonprofits and endowments using our fee-only (no commissions) and fiduciary (no conflicts) wealth management approach. We take pride in our Chartered Financial Analyst (CFA) and  Certified Financial Planner™ (CFP®) designations and always maintain a higher level of integrity with our clients, adhering to the CFA Institute's and CFP Board's Code of Ethics and Standards of Professional Conduct.

We believe that individuals and families with significant wealth can benefit from the rigor and sophistication that typically characterizes institutional portfolio management. Our clients benefit from a collaborative relationship that addresses and anticipates their needs. Coupled with our disciplined wealth management process, we provide a structured approach and allow for customization as each situation evolves.



We Value:


Integrity

We work off of strong moral principles and a dedication to doing the right thing for our clients.

Trust

We build trustworthy relationships with our clients so they know we’re on their side, no matter what.


Clear Communication

We open the lines of communication to create that trust and maintain those relationships.

Transparency

We are upfront about wealth management operations, services, and fees.


Service Above Self

As a Fiduciary, we take the Rotary Club motto to heart in all we do and put the needs of our clients above all else.

Jay Richardson Photo

Jay Richardson

CFA, CFP®️

Jay is the founder and Senior Wealth Manager for Newport Coast Wealth Management. He has three decades of experience providing comprehensive, holistic, and integrated wealth management services founded on a foundation of integrity, trust, and service above self.

Early in his professional career, Jay co-managed multi-billion dollar defined benefit retirement pension plans for local, county, and state governments. For the last two decades, Jay has focused on serving mostly private clients, including affluent and high net worth individuals, families, and business owners.

Jay earned an MBA in Finance from the Pepperdine Graziadio Business School in Malibu, and Bachelor’s in Business Finance from the University of Houston School of Business. He holds the prestigious Chartered Financial Analyst (CFA) designation, is a Certified Financial Planner™ (CFP®), and is becoming a Certified Kingdom Advisor (CKA).

Jay, along with his wife, Miyuki and their four young children, live in Newport Coast, California. He enjoys spending time with his three daughters, serving as “Indian Princess” Tribal Chief and as committee chair for his son’s cub scout pack.  He also enjoys spending time at his small ranch outside of Austin, Texas where he raises Texas Longhorn and Japanese Wagyu beef cattle.

In the Community

Our culture of giving began long before our founding. Jay is privileged and honored to have served in a number of important leadership roles throughout the years and remains deeply committed to the greater Newport Coast, CA community.


2012-2013

Honored to serve as the 104th President of the historic Rotary Club of Los Angeles or LA5, the fifth oldest Rotary Club in the world, helping solve the philanthropic and charitable needs of the downtown and greater Los Angeles communities.


2012-2014

Served as Prior VII, Priory of Our Savior in Los Angeles, of the Sovereign Military Order of the Temple of Jerusalem (SMOTJ) as temporal and spiritual leader.


2012-2018

Served as national Grand Auditor and Treasurer of the Sovereign Military Order of the Temple of Jerusalem (SMOTJ), helping persecuted Christian communities in the Holy Land and throughout the Middle East.


2018

Currently Gold Cupper or Director of the Noble Viking Charities of Orange County, serving disadvantaged children and families in the Orange County community.

Providing unmatched service

Helping You Get Where You Want to Go

Services & Fees

Our comprehensive, holistic wealth management approach is designed to create a plan that achieves your near and long-term goals, but also maintains flexibility in an ever changing market.



*Please consult your legal and/or tax advisor before implementing any decisions, as Newport Coast Wealth Management, nor any of its members, are tax professionals or attorneys.

As a fee-only wealth manager and fiduciary, we have a responsibility to act in our clients’ best interest.

We do not accept any fees or compensation based on product sales. Being fee-only allows us to reduce conflicts of interest and provide more comprehensive advice. Our fee schedule can be provided upon request


Fee-Only vs. Fee-Based


Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients' best interest. They do not accept any fees or compensation based on product sales. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice.

Commission-based agents and brokers often take offense at this distinction. Blurring the difference, they created the category dubbed "fee-based," which means they charge a fee in addition to collecting commissions. Study after study shows that even consumers seeking a strictly fee-only advisor find these terms confusing. 

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