Aduna Capital is a fee-only fiduciary investment adviser serving Downey from our Norwalk office, 4.8 miles away. We work with Rancho Los Amigos and PIH Health staff on LACERA and 403(b) decisions, with Downey practice and business owners on the CalSavers mandate, and with families investing with no account minimum — in English and Spanish.
- Fee-onlyno commissions
- No account minimumfor investment management
- English & Spanishnatively
- Accepting new clientsIn person in Norwalk, by video, or at your Downey business
- Fiduciaryin writing, always
- DFPI-registeredCRD #311270
- In business sinceDecember 2020
- Free 15-minute callno obligation
Are all financial advisors in Downey, CA fiduciaries?
No. "Financial advisor" is a business card, not a legal standard, and Downey's medical corridors are precisely where the difference shows up: hospital staff and practice owners are a favourite audience for commissioned annuity and insurance salespeople, because steady incomes make for reliable premiums. A fiduciary is legally required to put your interests ahead of their own, at all times — a broker or agent generally is not.
We are a registered investment adviser, fiduciary always, and fee-only: clients are our only source of revenue. Verify that in about a minute at adviserinfo.sec.gov — and run the same check on anyone else you interview.
Who do we work with in Downey?
Downey is the largest of our neighbouring cities — about 112,000 residents, a median household income of $90,699, and a 75.3% Hispanic or Latino population. It is also, distinctly, a healthcare city. Between Rancho Los Amigos National Rehabilitation Center — a Los Angeles County facility, which means LACERA membership for much of its staff — and PIH Health Downey Hospital, a large share of Downey households earn their living in medicine, nursing, therapy or hospital administration.
That produces three recurring conversations:
- County employees and LACERA. Rancho Los Amigos staff and other County workers face LACERA's plan tiers, reciprocity rules and survivor elections — several of which are one-time, irreversible decisions. We model them against everything else you own before you file.
- Hospital-system savers. PIH Health and Kaiser staff juggling a 403(b), sometimes a pension, and old 401(k)s from prior systems. Consolidating those correctly — direct transfers only — is where we spend a lot of Downey hours.
- Owner-run businesses. Downey's medical and dental practices, and the family businesses around Stonewood Center and the Firestone corridor, are covered by the state retirement mandate. CalSavers for Downey employers walks through the choice; often a 401(k) beats the state program once the owner's own contributions are counted.
And running underneath all of it: first-generation wealth building, in English or Spanish, with no account minimum — because a paycheque from a hospital does not automatically come with an adviser attached.
Downey employers we know
Rancho Los Amigos & County staff
LACERA members: contribution plans, reciprocity if you have moved between systems, and the retirement elections you only make once.
PIH Health & Kaiser staff
403(b) reviews and rollovers between hospital systems — including the direct-transfer rule that avoids 20% withholding.
Medical & dental practice owners
Practices are exactly where a safe-harbor 401(k) tends to beat CalSavers — the owner can actually use it.
Retail & restaurant owners
The mandate now reaches every employer with one employee. Register, or sponsor a plan and certify an exemption.
Fifteen minutes, no cost, either language
A straight answer about whether you need us at all — and a referral elsewhere if you don't.
Our fees, published
No competing advisor page in this area publishes its fees. Here are ours.
| What | Fee |
|---|---|
| Investment management | 1.5% to 2.0% of assets per year; Advisers may set a rate below the standard schedule, as low as 0%, at their discretion — and whatever rate applies to you is disclosed in writing before you engage. Our Form ADV Part 2A, Item 5, states the fee as up to 2.00% of assets per year, subject to negotiation; the firm may waive all or part of it. Generally billed quarterly in arrears |
| Account minimum | No minimum account balance |
| Commissions and product fees | None — we are fee-only |
| Solicitor compensation | May be received or paid under disclosed arrangements |
| Initial conversation | Free, 15 minutes, no obligation |
Complete fee details in our Form ADV Part 2A, Item 5.
Where we meet Downey clients
We do not have an office in Downey, and we will not pretend otherwise with a map pin. our principal office is in Norwalk:
Aduna Capital LLC
12838 Rosecrans Ave, Norwalk, CA 90650
(657) 571-2607
From most of Downey it is one straight run: Firestone or Imperial to the 605, or simply east on Rosecrans. That is roughly 4.8 miles from Downey. Clients either come to us — on Rosecrans between Pioneer and Studebaker, with parking on site — or we come to you, at your home or your place of business. Evening appointments are available for people who cannot get away during the working day.
Common questions from Downey
I work at Rancho Los Amigos. Do you understand LACERA?
Yes — LACERA questions are among the most common we get from Downey. We are not affiliated with LACERA and cannot change your benefit; what we do is model how the pension, your 457 or savings plan, and everything else fit together before you make the elections that cannot be undone.
I have retirement accounts at two different hospital systems. Should I combine them?
Often, but not always — it depends on the fees inside each plan and whether you may want a backdoor Roth later. Bring both statements; the comparison takes about twenty minutes and costs nothing.
I own a practice in Downey. Do I have to use CalSavers?
No — the mandate requires you to offer something, not to use the state program. Many practice owners are better served sponsoring a 401(k) and certifying an exemption, because CalSavers is a Roth IRA with income limits that often shut the owner out entirely.
¿Puedo hacer todo el proceso en español?
Sí — la llamada inicial, las reuniones y los documentos que preparamos. Vea nuestra página principal en español.
Do I have to come to Norwalk?
No. Our office is in Norwalk — about five miles away — but we regularly meet Downey clients at their home or business, and evening appointments run by video.