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.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mountain Pacific Investment Advisers, Inc. Find an Advisor||$1,449,863,983||$500,000|| || |
|2||Petso Financial Consultants, LLC Find an Advisor||$780,084,525||$25,000|| || |
|3||RW Investment Management, LLC Find an Advisor||$663,868,000||$1,000,000|| || |
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|4||Buffington Mohr McNeal Find an Advisor||$630,820,140||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Aspen Capital Management Find an Advisor||$458,901,330||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Berkeley, Inc. Find an Advisor||$268,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||The Helmstar Group, LLC Find an Advisor||$213,332,353||$500,000|| || |
|8||Tumwater Wealth Management, LLC Find an Advisor||$190,078,468||$5,000|| || |
|9||Wood Tarver Financial Find an Advisor||$180,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Tree City Advisors, LLC Find an Advisor||$104,056,150||$25,000|| || |
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. All information is accurate as of the writing of this article.
Mountain Pacific Investment Advisers, Inc.
Mountain Pacific Investment Advisers, Inc. is the largest firm on this list in terms of assets under management (AUM). In fact, it has double the AUM of the second place firm, Petso Financial Consultants, LLC. There is a small team financial advisors handling this money. The firm's staff includes certified public accountants (CPAs), a certified financial planner (CFP) a 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 charitable organizations.
The firm’s team includes several certified financial planners (CFPs). Advisors here are also insurance agents and broker-dealers, 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.
RW Investment Management, LLC
RW Investment Management, LLC is the next firm on our Boise, Idaho list of top financial advisors. This firm works mainly with individuals both with and without a high net worth. Other clients include pensions, profit sharing plans, charities and other businesses. The firm provides clients with a range of advisory services and has a minimum account balance of $1,000,000.
Since some advisors at RW are registered broker-dealers and insurance agents, the firm is considered fee-based. This is due to the potential conflict of interest that arises from their ability to sell insurance or securities for commissions. Despite this conflict, the firm is still bound by fiduciary duty and is legally obligated to act in the best interests of clients at all times. A fee-only firm does not receive commissions and is not subject to the same conflict of interest.
RW Investment Management Background
RW Investment Management was founded in 2014 and is the result of a merger between Perpetua Group and Rathbone Warwick Investment Management. It is owned by Ryan Warwick, Raleigh Vachek and Kimberly Jaques. The firm employs several qualified advisors, including certified financial planners (CFP) and chartered financial analysts (CFA).
RW provides a variety of financial advisory services, including portfolio management, financial planning, pension consulting and separately managed accounts. The vast majority of the firm's assets are managed on a discretionary basis.
RW Investment Management Investment Strategy
RW tailors its investment strategies to the individual wants and needs of all clients. In order to effectively do so, the firm's advisor meet extensively with clients to determine their tolerance for risk, desired investment plans, time horizon, need for liquidity and anything else deemed relevant.
Once the client and the advisor have agreed upon an investment plan, the firm typically invests a clients assets across exchange traded funds (ETFs), mutual funds, stocks, bonds and other securities. Advisors use both technical and fundamental methods of analysis when it comes to selecting individual investments.
Buffington Mohr McNeal
Buffington Mohr McNeal is a fee-only firm located in central Boise. On staff, you'll find certified financial planners (CFPs), one certified public accountant (CPA) and one chartered financial analyst (CFA).
Buffington Mohr McNeal has almost twice as many non-high-net-worth individuals in its client base than high-net-worth individuals. However, the latter occupies the majority 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
You won't need to meet a minimum account balance requirement to work with Aspen Capital Management, a Boise-based fee-only advisory firm. Almost all of the firm's clients are individuals with a high net worth. The firm also maintains relationships with pension and profit-sharing plans, charitable organizations, high-net-worth individuals, families, trusts and estates.
The team at Aspen Capital Management boasts just a single certified financial planner (CFP) designation.
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.
Berkeley, Inc. is a fee-only firm with a team of financial advisors that includes certified financial planners (CFPs) and a single 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 at about 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 150 more non-high-net-worth individuals than their high-net-worth counterparts.
The firm also boasts a solid number of advisor certifications, featuring certified financial planners (CFPs) and a chartered financial consultant (ChFC). Helmstar also offers independent consulting for general investments and is a fee-only firm that doesn't accept third party commissions.
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.
Tumwater Wealth Management, LLC
Tumwater Wealth Management is the next firm on our list of Boise, Idaho's top financial advisory firms. This small firm has the smallest advisory team of any firm on our list, but still manages to work with a diverse client base. Clients of Tumwater include individuals both with and without a high net worth, pensions, profit sharing plans, charities, an insurance company and other businesses. It's not hard to qualify as a client with Tumwater, as the firm's family minimum account size requirement is just $5,000.
As a fee-only firm, Tumwater does not receive third-party commissions. A fee-based firm does receive third-party commissions and is therefore subject to a potential conflict of interest. Tumwater, due to its status as a fee-only firm, is not subject to this same conflict.
Tumwater Wealth Management Background
Founded in November of 2018, Tumwater is one of the youngest firms on our Boise list. The firm is principally owned by Benjamin C Warren and Kirsten A Warren. Ben Warren is the firm's sole financial advisor and is a chartered financial analyst (CFA). He has been working as a financial advisor since 2004.
Tumwater offers a variety of services to clients, including portfolio management, comprehensive financial planning, pension consulting and advice on specific investments. While the firm manages both discretionary and non-discretionary assets, the majority of its assets are managed on a discretionary basis.
Tumwater Wealth Management Investment Strategy
Tumwater looks to tailor its investment advice to the wants and needs of each individual client. Each client relationship begins with an interview or series of meetings to properly determine their investment needs and requirements. This information is then used to develop an investment plan. This plan takes into account financial goals, time horizons, desired returns, investment history, income source analysis and more.
The firm may use model allocations to help develop a client's portfolio. The firm relies on fundamental, quantitative and technical analysis to help them inform complicated investment decisions. It also relies heavily on modern portfolio theory and takes a long-term, buy and hold approach to investing.
Wood Tarver Financial
Wood Tarver Financial is the next firm on our list of the top financial advisors in Boise, Idaho. This small firm works primarily with individual clients. Of those individuals, over 80% are individuals with a high net worth. The firm also works with a select handful of charitable organizations. It provides a variety of financial advisory services to clients, and does not require any minimum account size for new or existing clients.
As a fee-only firm, Wood Tarver does not receive commissions from any third parties. This prevents a potential conflict of interest. A fee-based firm, which accepts commissions from the sale of certain financial products, may be subject to a conflict.
Wood Tarver Financial Background
Wood Tarver was founded in 2011. Kelly Wood is the firm's owner. He has been working as a financial planner in Idaho since 2006 and is an accredited asset management specialist (AAMS). Eric Tarver is the other financial advisor on staff at the firm. He has been with the firm since 2018. He prviously worked for KPMG.
Wood Tarver provides its client with a slew of financial advisory services, all through their comprehensive portfolio management wrap fee program. The firm only provides these services on a wrap fee basis, which is uncommon for a financial advisory firm. All assets at Wood Tarver are managed on a discretionary basis.
Wood Tarver Financial Investment Strategy
Wood Tarver's investment strategies vary depending on the financial goals of each individual client. Advisors create a financial plan along with each client, properly determining their tolerance for risk, financial objectives, investment history, and any other relevant information to crafting an effective investment strategy.
Advisors at Wood Tarver use a combination of stocks, bonds, exchange-traded funds (ETFs), options, mutual funds and other investments to help drive growth in client portfolios. Portfolios are then continuously monitored to make sure that client goals are being met.
Tree City Advisors, LLC
Tree City Advisors, LLC is the tenth and final firm on our Boise, Idaho list of top financial advisors. Tree City is a small firm with a small team of advisors that specializes in working with non-high-net-worth individual clients. It also works with a handful of high-net-worth individuals, pensions and profit sharing plans. The minimum account balance requirement is $25,000. Consulting services cost $200 per hour with a one hour minimum.
Tree City is a fee-only firm, so it doesn't receive third party commissions. A fee-based firm does receive commissions, and is therefore subject to a potential conflict of interest.
Tree City Advisors Background
Tree City is one of the younger firms on our list found just 5 years ago in 2015. Brian James Wiley is the firm's principal owner. He is also a financial advisor at the firm and has a radio show called "The Real Money Pros," on which he talks about personal financial issues. Wiley has been a financial advisor for 20 years. The firm employs one financially certified individual, a chartered retirement planning counselor (CRPC).
Tree City provides its clients with portfolio management services, financial planning services, financial consulting services and educational seminars. It manages both discretionary and non-discretionary accounts, though the majority of Tree City's assest are managed on a discreitonary basis.
Tree City Advisors Investment Strategy
Like many other financial advisory firms, Tree City tailors its investment strategies to the needs and objectives of their clients. Each client relationship begins with a series of interviews to determine the client's financial profile, including their investment history, risk tolerance, time horizon, liquidity needs and more. Clients are also permitted to place reasonable restrictions on the handling of their assets.
When it comes to analyzing potential investments, Tree City uses a variety of techniques. These include charting, technical, fundamental, cyclical and quantitative analysis as well as modern portfolio theory. They then implement these strategies using long-term trading, short-term trading and options trading.