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.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mountain Pacific Investment Advisers, Inc. Find an Advisor||$1,133,831,000||$500,000|| || |
|2||Petso Financial Consultants, LLC Find an Advisor||$567,403,500||$25,000|| || |
|3||Buffington Mohr McNeal Find an Advisor||$511,368,900||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Aspen Capital Management Find an Advisor||$509,610,800||$500,000|| || |
|5||Berkeley, Inc. Find an Advisor||$225,490,200||$2,500 minimum annual fee|| || |
Minimum Assets$2,500 minimum annual fee
|6||The Helmstar Group, LLC Find an Advisor||$145,986,900||$500,000|| || |
How We Found the Top Financial Advisor Firms in Boise, Idaho
For this list, we considered all firms in Boise registered with the U.S. Securities and Exchange Commission (SEC). 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.
Mountain Pacific Investment Advisers, Inc.
Mountain Pacific Investment Advisers, Inc. is the largest firm on this list in terms of assets under management (AUM), with $1.13 billion in client assets to its name. In fact, it has double the AUM of the second place firm, Petso Financial Consultants, LLC. There are just four financial advisors handling this money. The firm's staff includes three certified public accountants (CPAs), one certified financial planner (CFP) and one chartered financial analyst (CFA).
Fee-only Mountain Pacific Investment Advisers calls for a minimum investment of $500,000 for new clients. Although this technically falls beneath the high-net-worth threshold, the firm has a client base consisting of mostly high-net-worth individuals. The firm has services available for individuals, pension and profit-sharing plans, trusts, estates, corporations and charitable organizations as well.
Mountain Pacific Investment Advisers, Inc. Background
Established in 1973, independently-owned Mountain Pacific Investment Advisers is the oldest firm on this list. Principals William "Bill" Palumbo and Bruce Reeder founded the firm and remain its owners to this day. The duo averages around 40 years' experience in finance.
In general, Mountain Pacific Investment Advisers deals with investment management and financial planning. At a deeper level, though, the firm is focused on asset allocation planning, performance reporting, coordination with legal and tax advisors, investor profile development and more.
Mountain Pacific Investment Advisers, Inc. Strategy
Mountain Pacific Investment Advisers utilizes equities, fixed-income securities, mutual funds and exchange-traded funds (ETFs) to flesh out their clients' portfolios. In order to select the investments best suited for your personal needs, the firm employs the following strategies for each investment type:
- Equities: The firm uses a "bottoms up" approach to select stocks. More specifically, this involves a fundamental analysis of the companies' finances and the market they reside in. Diversification across the entirety of a market is integral.
- Fixed-income: These investments consist of certificates of deposit (CDs), preferred stocks, U.S. bonds and corporate bonds that are used to balance the volatility of equities. The firm believes in a passive approach that looks to ladder these securities for the long-term.
- Mutual funds/ETFs: Mutual funds and ETFs are used to invest in the stock market without having to select individuals equities, which is a risky venture.
Petso Financial Consultants, LLC
Petso Financial Consultants, LLC is a fee-based financial advisor firm with a low account minimum of $25,000. The firm serves a few different client types, but individiuals and high-net-worth individuals are far and away the most common. Aside from individuals, Petso also handles the financial needs of corporations, foundations and 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
Petso Financial Consultants, LLC has been in business since 2001 when it was created by David Petso. 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.
Buffington Mohr McNeal
There are nine financial advisors working at Buffington Mohr McNeal, which manages $511 million in assets under management (AUM). It's a fee-only firm located in central Boise. Here you'll find two certified financial planners (CFPs), one certified public accountant (CPA) and one chartered financial analyst (CFA).
Buffington Mohr McNeal has almost 100 more individuals in its client base than high-net-worth individuals. However, the latter occupies upwards of two-thirds of the firm's AUM. Businesses, charitable organizations, state and municipal government entities and pension and profit-sharing plans are also normal clients. The firm doesn't have a minimum investment requirement.
Buffington Mohr McNeal Background
Co-founders Bruce Mohr, Carey McNeal and M. Dean Buffington opened Buffington Mohr McNeal in 1998. In 2014, Buffington sold his personal shares of the firm, leaving McNeal and Mohr as the firm's primary owners. The trio has more than 100 years of combined experience in investing.
In regards to investment-specific services, Buffington Mohr McNeal can offer individual discretionary portfolio management and separate investment consulting. The firm does also provide a plethora of financial planning services, such as retirement planning, tax management, insurance review, estate planning, cash flow planning and more.
Buffington Mohr McNeal Strategy
Buffington Mohr McNeal has designed two distinct asset allocations: one based on a core of equities and the other based on a core of fixed-income securities. Rather than contain solely equities or fixed-income, the firm looks to build a mix of investments to ensure that the asset allocation is both well diversified and in line with your risk tolerance. Should you prefer either one of these core strategies, the firm will let you dictate which you want. If not, your portfolio will be created on a discretionary basis based on your risk tolerance, time horizon and income needs.
Aspen Capital Management
Aspen Capital Management is tied with Mountain Pacific Investment Advisers, Inc. and The Helmstar Group, LLC for the highest account minimum on this list. As a matter of fact, you'll need $500,000 in investable assets to be considered as a possible client. According to the fee-only firm's Form ADV, you can waive this requirement. It has evidently used this power, as one-fifth of Aspen's client base is individuals. The firm also maintains relationships with pension and profit-sharing plans, charitable organizations, high-net-worth individuals, families, trusts and estates.
The two-person team of advisors at Aspen Capital Management boasts just a single certified financial planner (CFP) designation. This is a bit rare for a firm with just over $500 million in assets under management (AUM).
Aspen Capital Management Background
Lead financial advisor Mike Mers founded Aspen Capital Management in 2002. Today he owns just half of the firm's shares, as his wife, Lori Mers, holds claim to the latter half. Lori Mers does not appear to hold a position at Aspen.
What makes Aspen Capital Management a bit more unique than your typical financial advisor firm is its ability to provide general services that are then customized to fit the needs of each client. For example, the firm has investment supervisory, financial planning and asset management services. Some financial topics it has experience with are estate planning, tax management and minimization and more.
Aspen Capital Management Strategy
At its core, Aspen Capital Management concentrates on international investing and diversification to create client portfolios. For the most part, Aspen takes a passive global equity and global real estate investment trust (REIT) approach. Rather than invest directly in a number of stocks, though, Aspen does so through mutual funds and ETFs. This is done to help mitigate risk, as these funds are inherently diversified and, in the case of mutual funds, are professionally managed.
Your portfolio's asset allocation is based on a few considerations that Aspen compiles together in a document aptly titled an investment policy statement (IPS). This details your ability to stomach risk, your time horizon and your ultimate investment objectives.
With $225 million in assets under management (AUM), Berkeley, Inc. is less than half the size of the next largest firm, Aspen Capital Management. It is a fee-only firm with four financial advisors that collectively hold three advisory designations, including two certified financial planners (CFPs) and one chartered financial analyst (CFA).
Rather than impose a minimum investment stipulation, Berkeley has chosen to implement a minimum annual fee of $2,500. Based on the information available in its Form ADV, the firm's entire client base is made up of individuals and high-net-worth individuals and a 2-to-1 ratio.
Berkeley, Inc. Background
Berkeley, Inc. was founded by principal Michael Ling, who has almost 25 years of experience in financial planning, retirement planning, asset management and investment management. Principal Stephen White has since become a part owner of the company, as both Ling and White split the firm's shares.
At Berkeley, there are two main tenets to its advisory services: financial planning and investment management. Here are some of the firm's offerings:
- Cash flow management
- Strategic tax planning
- Retirement planning
- Estate planning
- Education funding planning
- Asset management
Berkeley, Inc. Strategy
In an effort to combine the benefits of multiple investment philosophies, Berkeley, Inc. principally invests in both passively- and actively-managed exchange-traded funds (ETFs) and index funds. This helps balance the overall risk profile of your portfolio, while increasing the return potential within the confines of that risk tolerance. To further diversify your portfolio, Berkeley may include global securities to ensure that the success of your investments isn't overly attached to a specific area of the market. For portfolios smaller than $250,000, Berkely avoids investing in equities altogether.
The Helmstar Group, LLC
The Helmstar Group, LLC has a higher account minimum than most of the other firms on this list. The firm requires an initial account balance of at least $500,000. Despite this, the firm currently works with around 100 more individuals than their high-net-worth counterparts.
The firm also boasts a significant number of advisor certifications, featuring five 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 fee-based 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 co-founders Ben Boettcher and Tom Steelman in 2007. The duo remains the principal owners of the firm, and they share over 30 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.