Finding a Top Financial Advisor Firm in Boise, Idaho
There’s a lot of information to comb through to find a financial advisor who’s right for you. SmartAsset created this list of the top financial advisor firms in Boise, Idaho as a way to simplify that process. In tables and reviews below, we detail the Boise firms’ investment strategies, account minimums and fee structures. As an even simpler alternative, use SmartAsset’s financial advisor matching tool, which pairs you up with financial advisors in your area.
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Petso Financial Consultants, LLCFind an Advisor
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The Helmstar Group, LLCFind an Advisor
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How We Found the Top Financial Advisor Firms in Boise, Idaho
All U.S. Securities and Exchange Commission (SEC)-registered financial advisor firms located in Boise were considered for this list. All SEC-registered firms are fiduciaries, which means they’re bound by fiduciary duty to act in clients’ best interests at all times. Firms that had disciplinary issues, did not manage accounts for individuals or lacked financial planners were taken out of consideration. The remaining firms were then ranked from the most assets under management (AUM) to the least.
Petso Financial Consultants, LLC
Petso Financial Consultants, LLC is a fee-based financial advisor firm with a low account minimum of $25,000. Though the firm serves individuals, more than half of its client base have high net worths. Aside from individuals, Petso also handles the financial needs of corporations, foundations and those with trusts.
The firm’s team includes four certified financial planners (CFPs). Advisors here are also insurance agents, and may earn commissions from sales. But because the firm is a fiduciary, advisors are required to put clients’ best interests first.
Petso Financial Consultants, LLC Background
Of the two firms on this list, Petso Financial Consultants, LLC has been in business longer. David Petso created the firm in 2001. He has nearly 40 years of experience in wealth management. The rest of Petso’s wealth advisors average more than 20 years in the field.
The firm’s services include retirement income planning, tax management and mitigation, estate and wealth transfer, higher-education funding, charitable giving and employee benefits. Uniquely, the firm has partnerships with industry experts, who work with advisors. These experts’ areas of concentration include insurance, mortgages, long-term care and more.
Petso Financial Consultants, LLC Strategy
Petso Financial Consultants, LLC holds a steadfast belief in long-term investing, even when market trends change. The firm invests for the long term in an effort to combat volatility, claiming that the strengths of “big picture” investments paired with precise asset allocations are what lead to greater, more consistent returns. Ultimately though, investments are chosen based on your risk tolerance and time horizon.
Diversification is the second segment of this equation, with an emphasis on international investing. Stocks, bonds and cash investments will make up a good portion of your portfolio, but the firm also uses alternative investments and real estate.
The Helmstar Group, LLC
The Helmstar Group, LLC has a considerably higher account minimum than Petso Financial Consultants, LLC. The firm requires a minimum account balance of at least $500,000. Thus, it’s no surprise that the fee-based firm’s clientele is made up of considerably more high-net-worth individuals than non-high-net-worth individuals.
The firm also boasts more advisor certifications than Petso, featuring four certified financial planners (CFPs) and a chartered financial consultant (ChFC). Helmstar also offers independent consulting for general investments.
Insurance policies may be offered to you if you become a client of this firm. Just remember that you’re under no obligation to accept if you don’t want to. Moreover, Helmstar is a fiduciary and is therefore required to act in your best interest at all times.
The Helmstar Group, LLC Background
The Helmstar Group, LLC was established by Ben Boettcher and Tom Steelman in 2007. The duo remains the principal owners of the firm, and they share 31 years of combined experience in personal finance.
Typical clients of this firm include individuals, pension and/or profit-sharing plans, charitable organizations, small businesses and corporations. The following services are available for any of those clients:
- Investment management
- Financial independence modeling
- Retirement and distribution planning
- Estate planning and wealth transfer strategies
- Asset allocation and custom portfolio design
- Risk management and asset protection strategies
- Tax minimization strategies and tax efficient portfolio design
- Philanthropic planning strategies and enhancement
The Helmstar Group, LLC Strategy
Five concepts make up the core of what The Helmstar Group, LLC believes will result in a well-performing portfolio: asset allocation, portfolio structure, tax management, multiple specialist managers and continuous portfolio management. The firm says that it most often invests its clients’ assets in mutual funds and exchange-traded funds (ETFs).
Your advisor will further tailor your account to meet your liquidity needs, so you can see returns in the near future if necessary. This short-term ideology is paired with a long-term mindset to ensure sustained growth. The balance between these opposing notions varies, however, depending on your time horizon.