Finding a Top Financial Advisor Firm in Albuquerque, New Mexico
Setting yourself up for a steady financial future is hard when you don’t know where to start. That’s why financial advisors exist. These firms can help you plan your retirement, your children’s college funds and more. But deciding which firm to work with is can also be a tough decision. That’s where SmartAsset comes in. We combed through the top choices in Albuquerque, New Mexico and detailed our findings below. If you’d like a more tailored approach, try our financial advisor matching tool which will pair you with an advisor in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
REDW Stanley Financial AdvisorsFind an Advisor
None, but accounts under $500,000 will be charged hourly rates
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None, but accounts under $500,000 will be charged hourly rates
John Moore & AssociatesFind an Advisor
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Portfolio Wealth AdvisorsFind an Advisor
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How We Found the Top Financial Advisor Firms in Albuquerque, New Mexico
We considered all Albuquerque-based financial advisors that are registered with the U.S. Securities and Exchange Commision (SEC) for this list. SEC-registered firms are considered fiduciaries, which means they’re under government rules and regulations and are required to act in their clients’ best interests. We cut firms with disclosures or disciplinary issues and eliminated any firm that didn’t manage individual accounts. Lastly, we ordered the list from most assets under management to least.
REDW Stanley Financial Advisors
REDW Stanley Financial Advisors, the No. 1 firm, was founded in 1997. It’s a fee-only firm, which is the hardest financial compensation standard to meet. Fee-only means the firm can accept payment from a percentage of your assets under management and cannot accept commissions from selling you insurance or mutual funds. The firm of 14 advisors has more than $603 million in assets under management.
REDW markets itself as one of the Southwest’s 10 largest accounting and business consulting firms. While the firm does provide individual investment management and financial planning, the bulk of its business seems to come from larger clients for audit services, forensic accounting, HR counselling and more business services.
The firm has offices in Albuquerque and Phoenix, Arizona.
REDW Stanley Financial Advisors Background
With 15 owners, this firm is squarely in the employee-owned category, somewhat uncommon among financial advisor firms. In many cases, financial advisors are owned by one or two individuals (like the rest of the firms on this list). This means the advisors at REDW have equity and a stake in the business, which can be beneficial for clients.
Thirteen professionals make up the firm’s leadership team. Their credentials include multiple certified public accountants (CPAs), certified financial planners (CFPs) and accredited investment fiduciaries (AIFs). In total, 34 people work for REDW Stanley Financial Advisors, making this the largest firm on the list.
REDW Stanley Financial Advisors Wealth Management Levels
When you work with REDW for wealth management, you can choose your client service level depending on your financial objectives and situation. The first level is basic wealth building, designed for smaller accounts, IRAs, rollover accounts and anyone who prefers “to be on autopilot.” Your account will primarily consist of exchange-traded funds (ETFs) and mutual funds chosen by REDW advisors. The account is auto rebalanced using computer algorithms. You’ll be charged a fixed fee for this service. REDW’s basic wealth building service is very similar to a robo-advisor, such as Wealthfront or Betterment.
Custom wealth building is the next level, for those with more than $500,000 and less than $5 million in investable assets. With this level, you get a portfolio that’s managed from a tax perspective and can include many more securities besides mutual funds and ETFs, such as stocks, bonds, and accounts held in employer plans or at brokerage firms. Accounts over $3 million can get free tax return preparation.
The last level for individuals or families is specialized wealth building, designed for those with more than $5 million in investable assets. This level includes everything in the prior level plus meeting times at your discretion, research, special investment requests and required minimum distributions (RMDs).
John Moore & Associates
This fee-based financial advisor states that it practices “Biblical wealth management.” The firm’s financial planning strategy is based on “principles articulated in the New and Old Testaments.” Founded in 1997 by a husband and wife team, the firm now has six advisors and $294 million in assets under management. You don’t need a certain amount of funds to become a client as there is no minimum account size. Services offered include investment management and financial planning.
You can find John Moore & Associates in Albuquerque and Scottsdale, Arizona.
John Moore & Associates Background
John and Connie Moore founded the firm in 1997 and remain the majority owners of the firm. He has 30 years of experience in investment management and is a certified investment management analyst (CIMA) and certified kingdom advisor (CKA). Connie Moore serves as the business manager of the firm.
The firm has 10 total employees, including one certified financial planner (CFP), two accredited asset management specialists (AAMS), one accredited investment fiduciary (AIF) and one chartered retirement planning counselor (CRPC).
John Moore & Associates Investment Strategy
This firm has three main portfolio models. The first is the JMA asset allocation model, designed “to provide broad equity exposure through ownership of multiple mutual funds that represent specific asset classes.” This model’s objective is to generate returns with lower volatility, however, it can experience significant market value fluctuations. Within this model, there are different asset blends; one model might have 70% domestic stocks, 10% bonds, 10% alternative investments and 10% international stocks. Another model might have 50% domestic stocks and 30% bonds. Your portfolio’s blend will depend on your financial objectives.
Another portfolio type is the JMA income model. This model’s objective is to provide income. If you have this model, your money will primarily be invested in closed end bond funds. Additionally, you may have investments in master limited partnership and real estate investment trusts.
The third model is JMA CAPx. Using a proprietary quantitative model, JMA selects stocks and ETFs that are growing faster than average. This model portfolio has the highest volatility of the three options, and is advertised as “not suitable for every investor.” The firm states in SEC filings that the CAPx portfolio can have time periods of significant under or over performance, which makes it not the best choice for risk-averse clients.
Portfolio Wealth Advisors
Portfolio Wealth Advisors is another fee-based firm located in Albuquerque. Founded in 2008, it has five advisors and $245 million in assets under management. The firm has no minimum for new clients, and offers investment management, estate planning and insurance services. While this firm has two experienced planners, financial planning is not one of Portfolio Wealth Advisors’ services.
Portfolio Wealth Advisors is also located in Oklahoma City.
Portfolio Wealth Advisors Background
Lee Munson is the co-founder and sole owner of Portfolio Wealth Advisors. He started his career on Wall Street, working for Charles Schwab. Munson is a chartered financial analyst (CFA), certified financial planner (CFP) and the author of “Rigged Money, Beating Wall Street At Its Own Game.”
Tracy Miller is the firm’s CEO and co-founder. She's a CFP, chartered life underwriter (CLU) and a chartered financial consultant (ChFC). Prior to starting the firm with Munson, she worked for Charles Schwab, InterSecurities and John Hancock.
Portfolio Wealth Advisors Investment Strategy
This firm uses a combination of fundamental analysis and technical analysis to evaluate investment risk and opportunity. The former analyzes the factors that determine a company’s value, such as the firm’s financial reports and earnings. Technical analysis is the study of past market data to see if any patterns exist.
As a client, your assets will be invested in a mix of mutual funds, ETFs, stocks and bonds. Your plan is specific to your financial goals and objectives, time horizon, cash flow needs and risk tolerance, among other factors.