Pacific Palisades resident Paul Taghibagi, a founding partner of Signature Estate & Investment Advisors (SEIA), has been named to Barron’s magazine Top 100 Independent Financial Advisors list for the third consecutive year.
After graduating from UC Santa Barbara, he worked at John Hancock Financial Services. It was there he met Brian Holmes, Gary Liska and Mark Copeland. More than 20 years ago, they left that firm and founded SEIA.
This year the firm was recognized by the Financial Times Top 300 Registered Investment Advisers List, Forbes Top 50 Wealth Managers List and named as one of Los Angeles Business Journal’s top money management firms.
SEIA bases its approach on teamwork to serve affluent clients’ unique goals by adheing to the fiduciary standards of an inde- pendent registered investment advisor. As of Aug. 31, 2014, the firm has more than $4.3 billion in assets under management.
The News queried Taghibagi about the recent ups and downs of the market and his advice to clients.
“What is happening is a healthy thing for the markets, which historically have one or two corrections a year—and it’s been a long time since we have had a correction,” Taghibagi said. “Markets periodically pull back, it is normal—and then they reset and it gives them energy for the next off-cycle.”
He pointed out that for people who have been waiting on the sidelines with cash, that when the market pulls back, it is a great opportunity to come in and leverage opportunities.
“A lot of people pulled out in 2008 thinking the markets would continue to drop, but it didn’t and the people who pulled out haven’t had many opportunities to jump back in,” Taghibagi said. “The majority of our clients stayed in and navigated the wave, so they have benefitted from the bull mar- ket. Those who didn’t are sitting on cash earning zero percent interest rate. For those people, I think this is a great opportunity.”
The investor points out that if a person is allocated between bonds, stocks, and possibly alternative investments, what happens on a day-to-day basis on the market is irrel- evant. “It’s more about what your goals and long-term aspirations,” he said. “Then, look for the right opportunities based on those.”
In addition to investment advice, SEIA also provides non-discretionary asset management; client-customized financial planning and advice; advanced retirement planning; estate and legacy planning; tax planning; and philanthropic-planning and charitable-giving strategies.
Taghibagi, who was born in Iran, moved to the United States when he was 10 years old, attending elementary and high school in Beverly Hills. He and his wife Jennifer have lived in the Pacific Palisades for 17 years. They have two daughters who attend local schools. Taghibagi also volunteers as a soccer referee for AYSO Region 69.