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 in 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 local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||World Trend Financial Planning Services, Ltd. Find an Advisor||$619,657,966||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Basepoint Wealth, LLC Find an Advisor||$332,456,249||No set account minimum|| || |
Minimum AssetsNo set account minimum
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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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. 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.
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.
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 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.
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.
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.