Foothill Securities, a Santa Clara, Calif.-based advisor-owned independent broker-dealer, has added California Financial Advisors to its platform.

Based in San Ramon, Calif., California Financial Advisors has over $1 billion in client assets under management. The firm's eight advisors serve investors through both fee- and commission-based service models. California Financial Advisors was founded in 1998 and focuses on developing comprehensive financial plans to help clients prepare for retirement.

“We wanted to be sure that our broker-dealer’s focus would be on us and our practice, not on pressures from outside investors, a broader parent company’s corporate goals or an agenda of pushing proprietary products and arbitrary quotas,” Mark Pitre, managing principal of California Financial Advisors, said in a statement. “Foothill Securities understands that advisors are the ones who know best how to operate their practices and serve their clients.”