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 where financial advisors come in. These firms can help you save for retirement, plan your children’s college funds and invest your savings. But deciding which firm to work with can also be a tough decision. To help, we combed through the top choices in Albuquerque, New Mexico and detailed our findings below. You can also try SmartAsset's free financial advisor matching tool, which will connect you with up to three advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Ulrich Investment Consultants Find an Advisor||$1,589,006,885||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||REDW Wealth, LLC Find an Advisor||$753,879,593||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||John Moore & Associates, Inc. Find an Advisor||$431,324,077||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Hanseatic Management Services, Inc. Find an Advisor||$240,000,000||$100,000|| || |
|5||Portfolio Wealth Advisors Find an Advisor||$157,926,693||$250,000|| || |
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 any firms with disclosures of disciplinary issues, as well as any firm that didn’t manage individual accounts. Lastly, we ordered the list from most assets under management to least. All information is accurate as of the writing of this article.
Ulrich Investment Consultants
Ulrich Investment Consultants takes the top spot on our list. The firm's client base includes non-high-net-worth individuals, high-net-worth individuals, pension plans, charitable organizations and sovereign Native American nations and their affiliated organizations. In addition, the firm has no minimum account size, meaning just about anyone can become a client of Ulrich.
The advisory team at this firm includes a few certifications. More specifically, there are three certified financial planners (CFPs), one chartered financial analyst (CFA) and one certified wealth strategist (CWS).
As a fee-based firm, some of the on-staff advisors at Ulrich can earn commissions from insurance sales. Despite the potential conflict of interest this creates, the firm is bound by fiduciary duty to act in your best interest.
Ulrich Investment Consultants Background
Ulrich Investment Consultants was formed in 2007 under the name Ulrich Consulting Group. The name was changed to Ulrich Investment Consultants in 2017. President and CEO John P. Ulrich is the principal owner of the firm, and vice president Molly Ritz is a minority owner.
The firm provides investment management, financial planning and consulting services. Investment management services are provided on a discretionary and non-discretionary basis. Financial planning services can cover retirement planning, income tax planning, estate planning or other matters specific to individual clients.
Ulrich Investment Consultants Investment Philosophy
When analyzing potential investments, Ulrich Investment Consultants performs research both quantitatively and qualitatively. The quantitative research involves consulting data from Callan Associates, Morningstar and other sources. The qualitative research includes interviews with managers and reviewing investment documentation.
Ulrich typically selects third-party investment managers to manage client assets. This can be through mutual funds, exchange-traded funds (ETFs), alternative investments and separate accounts.
REDW Wealth, LLC was founded in 1997. It’s a fee-only firm, which means all of its compensation comes from client-paid fees and not third-party commissions. While the firm does not state a minimum investment in its SEC-filed Form ADV, it does note that any minimums applied to your account will be personally disclosed to you.
The majority of this firm's client base is comprised of individuals above and below the high-net-worth threshold. The firm also maintains advisory relationships with retirement plans, businesses and charitable organizations.
In addition to its investment advisory services, REDW Wealth markets itself as one of the Southwest’s largest accounting and business consulting firms. The firm has offices in Albuquerque and Phoenix.
REDW Wealth Background
With every employee holding a stake in the firm, REDW Wealth fits squarely in the "employee-owned" category. This is somewhat uncommon among financial advisor firms, which are frequently owned by one or two individuals. This means the advisors at REDW have equity in the business, which can be beneficial for clients.
REDW's advisory team holds certifications like certified public accountant (CPA), certified financial planner (CFP), accredited investment fiduciary (AIF), enrolled agent (EA), chartered life underwriter (CLU), accredited estate planner (AEP), chartered financial consultant (ChFC) and more.
REDW Wealth Services
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 automatically rebalanced to keep on track with your target asset allocation throughout your life. 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 help managing required minimum distributions (RMDs).
John Moore & Associates
John Moore & Associates, Inc. (JMA), a fee-based financial advisor firm, employs some advisors who may earn commissions from the sale of securities. This creates a potential conflict of interest, though the firm is legally bound to act in clients' best interests at all times. The firm also has an office in Scottsdale, Arizona.
According to its website, JMA's services are "guided by our faith, accountable to God first, followed by our families and clients. We will model Judeo-Christian ethics." The firm was founded in 1997 by a husband and wife team, though it has grown quite a bit since that time.
There is no minimum account size at JMA. The firm's client base is dominated by non-high-net-worth individuals, though it also serves high-net-worth individuals, retirement plans, charitable organizations and businesses. Services offered include investment management and financial planning.
John Moore & Associates Background
John and Connie Moore opened John Moore & Associates in 1997, and they remain the majority owners of the firm today. John Moore has over 30 years of experience in investment management and is a certified investment management analyst (CIMA) and certified kingdom advisor (CKA). The latter certification is granted to advisors who apply biblical principles in their financial advice. Connie Moore serves as the business administrator of the firm.
Beyond John Moore's aforementioned certifications, the firm employs one certified financial planner (CFP), three accredited asset management specialists (AAMSs), one accredited investment fiduciary (AIF), one chartered retirement planning counselor (CRPC) and one other CKA.
John Moore & Associates Investment Strategy
This firm has six main portfolio models that each focus on different objectives and philosophies. Here's a breakdown of JMA's models:
- JMA Asset Allocation: According to JMA's Form ADV, this model is "designed to provide broad equity exposure through ownership of multiple mutual funds that represent specific asset classes." Its objective is to generate returns with lower volatility, though, it can experience significant market value fluctuations.
- JMA 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 partnerships (MLPs) and real estate investment trusts (REITs).
- JMA Equity: Using a proprietary quantitative model, JMA selects stocks and exchange-traded funds (ETFs) that are growing faster than average. This model portfolio has the highest volatility of the available options, and is advertised as “not suitable for every investor.”
- JMA Dynamic Equity: This model uses a quantitative method of analysis to select suitable equity investments. The focus of the model is "capital appreciation with reduced equity exposure during periods of less attractive market characteristics," according to JMA's Form ADV.
- JMA Managed Bond: This portfolio utilizes multiple bonds to create a laddered fixed-income portfolio. Investments typically used within this portfolio include corporate bonds, municipal bonds, treasurt bonds and certificates of deposit (CDs).
- JMA Equity Income: This large-cap equity-centric portfolio model is built to generate long-term investment returns. Its income aspect comes in the form of dividends.
Hanseatic Management Services
If you're an individual and you'd like to become a client of Hanseatic Management Services, Inc., you'll need at least $100,000 in investable assets. For institutional clients, the minimum investment is much higher at $1 million. Each of these minimums may be waived by the firm, though.
The team of advisors at Hanseatic do not hold any advisory certifications, such as certified financial planner (CFP) or chartered financial analyst (CFA). The fee-only firm works with non-high-net-worth individuals, high-net-worth individuals, pension plans, businesses and two pooled investment vehicles.
Hanseatic Management Services Background
Hanseatic Management Services was founded in June 1995. The firm’s owners are Russell T. Sanderson and Brian R. Stangel, with Sanderson being the slight majority owner.
The firm provides investment services in the form of direct, personalized portfolio management, financial planning and model portfolio usage. Services are tailored to each client’s unique circumstances, goals and preferences.
Hanseatic Management Services Investment Philosophy
Hanseatic Management Services uses a proprietary model to evaluate potential equity investments. The model assigns stocks a score that reflects their risk/reward profiles. The firm focuses on individual stocks with the highest scores, and it then constructs portfolios around those stocks according to clients' needs.
In addition to individual stocks, the firm may also invest in fixed-income securities and exchange-traded funds (ETFs). This is important, as the inclusion of more than just stocks can help the firm diversify your portfolio.
Portfolio Wealth Advisors
Portfolio Wealth Advisors is an Albuquerque-based fee-only financial advisor firm. This title means that all of the firm's income comes from client-paid fees. As a result, neither the firm nor its advisors receive any third-party commissions for things like insurance or securities sales.
Founded in 2008, the firm has a $250,000 minimum asset requirement for new clients. The firm offers investment management, estate planning and insurance services to a client base of high-net-worth and non-high-net-worth individuals, as well as a handful of charitable organizations.
Portfolio Wealth Advisors Background
Lee Munson is the 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.”
Portfolio Wealth Advisors Investment Strategy
Portfolio Wealth Advisors 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 price movements and other market data.
As a client, your assets will be invested in a mix of mutual funds, exchange-traded 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.