Finding a Top Financial Advisor Firm in King of Cedar Rapids, Iowa
There's a lot to consider when choosing a financial advisor, from investment strategies and fees to specific services that are offered. To help you in your search, SmartAsset compiled this list of the top firms serving Cedar Rapids, Iowa. We highlight a number of important factors for each firm, including their minimums, investment strategies, available services and more. For more options, SmartAsset’s financial advisor matching tool connects you with up to three advisors who serve your area.
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| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 |
World Trend Financial Planning Services, Ltd.
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$730,108,871 | No set account minimum |
|
Minimum AssetsNo set account minimumFinancial Services
|
| 2 |
Private Wealth Asset Management
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$616,767,422 | No required minimum |
|
Minimum AssetsNo required minimumFinancial Services
|
| 3 |
Basepoint Wealth, LLC
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$518,012,125 | No set account minimum |
|
Minimum AssetsNo set account minimumFinancial Services
|
What We Use in Our Methodology
To find the top financial advisors in Cedar Rapids, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
World Trend Financial Planning Services, Ltd.
World Trend Financial Planning Services is a fee-based firm working mostly with individuals, nearly all of whom are not high-net-worth clients. The only institutional clients the firm has are charitable organizations.
The World Trend advisory team includes four certified financial planners (CFPs) and one certified public accountant (CPA). There is no minimum account size at this firm.
Financial planning fees are charged as an hourly rate or a flat fee, while asset management fees are billed as a percentage of assets under management. Some advisors at the firm may also earn commissions as brokers for selling securities or insurance. This is a potential conflict of interest, but all advisors are bound by their fiduciary duty to act in the best interests of their clients.
World Trend Financial Planning Services Background
The firm was founded in 1991. Timothy F. Terry, Tory A. Meiborg, Bradley O. Haverback, Donna S. Sanders and Robert M. Myers are the current owners of the company.
Services offered by the firm include financial planning, investment planning, retirement planning, educational funding, risk management, estate planning, elder care planning and asset management.
World Trend Financial Planning Services Investment Strategy
World Trend typically creates portfolios that adhere to a passive asset class investment philosophy that values low holdings turnover. Investment advice is usually given with the expectation that securities are held for at least a year.
Mutual funds are the most common security that the firm invests clients' assets in. To pick funds, advisors look at the experience and track record of the manager of each fund. They also compare the underlying investments of various funds. Additionally, fees and internal expense ratios are considered to make sure the client is getting the best value for their investments.
Private Wealth Asset Management
Private Wealth Asset Management is a fee-based advisory firm offering services of portfolio management, investment analysis and financial planning. As a fee-based advisory firm, its advisors may earn commissions on the sale of certain securities. This could create a potential conflict of interest but the firm and its advisors are bound by a fiduciary duty to protect the needs and desires of its clients.
The firm works with individuals, high-net-worth individuals, family offices, trusts, estates, institutions, corporations, philanthropic organizations, other non-profits and other types of business entities.
There is no set account minimum.
Private Wealth Asset Management Background
The firm was founded in 2021 by Heather Fortune Vestweber, Dave Arens, Chris Casey, Brett Halley and David Holtorf. The firm now boasts 15 advisors and more than $600 million in assets under management. The team holds designations such as that of a chartered financial analyst (CFA), certified trust and financial advisor (CTFA), certified professional landman (CPL), certified financial planner (CFP) and certified investment management analyst (CIMA).
Private Wealth Asset Management Investment Strategy
Private Wealth has adopted a core-satellite investing methodology. This involves indexed exposure across the most efficient asset classes, such as stocks and bonds, that make up the majority of the client portfolio. The satellites are investments in other asset classes that match the goals of the client. Some examples of satellite investments include private capital, pre-IPO companies and active managers.
Basepoint Wealth, LLC
Basepoint Wealth is a fee-only firm with multiple offices across Iowa. The team in Cedar Rapids includes six certified financial planners (CFPs), three chartered financial consultants (ChFCs), three retirement income certified professionals (RICP) and one chartered life underwriter (CLU). Advisors can hold more than one financial certification.
The vast majority of clients are individuals without high net worths, though some do qualify as high-net-worth individuals. There are only a few institutional clients, which include charitable organizations, pension and profit-sharing plans and corporations.
Investment advisory fees are generally charged based on a percentage of assets under management, but some qualified clients may also pay performance fees. Financial planning fees are either charged at a fixed rate or billed hourly. While one advisor is a licensed insurance agent, he is not compensated for recommending products, unlike fee-based advisors.
There is no account minimum.
Basepoint Wealth Background
The firm was founded in 2017 and is owned and operated by Kathryn M. Wallace, William (Allen) Wallace, Bryan J. Knudson, Landis T. Wiley and Katherine E. Ortgies.
The firm's services include investment management, financial planning, consulting, investment planning, retirement planning, estate planning, personal savings and educational savings.
Basepoint Wealth Investment Strategy
Fundamental analysis is the main analytical frame used by advisors at the firm and long-term investments are the favored strategy. Most client assets are invested in mutual funds, with stocks, bonds and cash holdings also used.
Like many other firms, Basepoint Wealth tailors portfolios to its clients' investment goals and objectives, financial circumstances and risk tolerance. Clients can place reasonable restrictions on the types of investments that they hold in their portfolios.
