Finding a Top Financial Advisor Firm in Colorado Springs, Colorado
Finding the right financial advisor can be a daunting task. This list, compiled by SmartAsset after hours of research, shows the top firms in Colorado Springs, Colorado, ranked by assets under management. Below, we detail each firm’s account minimum, investment strategy, certifications and other important information. To find an individual advisor, use SmartAsset’s financial advisor matching tool, which will pair you up with financial advisors near you based on your needs. For information on every advisor in your area, explore SmartAdvisor Match.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||First Affirmative Financial Network, LLC Find an Advisor||$915,002,900||$50,000|| || |
|2||Seamount Financial Group, Inc. Find an Advisor||$375,000,000||$500,000|| || |
|3||Rainsberger Wealth Advisors Find an Advisor||$201,344,600||Varies based on account type|| || |
Minimum AssetsVaries based on account type
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|4||Altus Wealth Group, LLC Find an Advisor||$172,556,100||$250,000|| || |
|5||Petra Financial Advisors, Inc. Find an Advisor||$132,462,600||$7,500 minimum annual fee|| || |
Minimum Assets$7,500 minimum annual fee
|6||RS Asset Management, LLC Find an Advisor||$99,472,900||$100,000|| || |
|7||Pathway Advisors Group Find an Advisor||$79,803,000||$100,000|| || |
How We Found the Top Financial Advisor Firms in Colorado Springs, Colorado
SmartAsset looked at all Colorado Springs financial advisor firms that are registered with the U.S. Securities and Exchange Commission (SEC) to build this list of Colorado Springs’ top financial advisor firms. Any firms that did not manage individual accounts, did not offer financial planning services or did not have a clean record were not eligible to make the list. The remaining firms were organized from highest assets under management (AUM) to lowest AUM.
First Affirmative Financial Network, LLC
First Affirmative Financial Network, LLC has well over double the assets under management (AUM) of the second-ranking firm on this list, Seamount Financial Group, Inc. First Affirmative Financial Network is a fee-only firm and a subsidiary of Folio Parent, meaning it’s part of a larger network of companies and advisors.
You’ll need at least $50,000 to enter into an investment relationship with this firm. This is one of the lowest account minimums on this list. As such, it’s no surprise that nearly every client this firm has is not considered high-net-worth.
First Affirmative Financial Network has two accredited investment fiduciaries (AIFs), a certified financial planner (CFP) and a chartered financial analyst (CFA) on its leadership team.
First Affirmative Financial Network, LLC Background
Founded in 1999, First Affirmative Financial Network, LLC has a large network of advisors and asset managers that handle your money, depending on where you’re located in the U.S. The firm offers a multitude of financial services. These include portfolio management for individuals and businesses, pension consulting, educational workshops and various publications.
First Affirmative Financial Network, LLC Strategy
First Affirmative Financial Network, LLC is unique in that much of its focus is on sustainable investing. This investing style is built on the belief that the way it invests and uses your money has a direct correlation on the future of the environment and the world.
The most common investments this firm uses are exchange-traded funds (ETFs), mutual funds and separate account managers, with your risk tolerance and goals informing the firm’s final decision on where to allocate your assets. Rebalancing is another pillar that First Affirmative relies on to ensure your portfolio maintains its target asset allocation.
Seamount Financial Group, Inc.
Seamount Financial Group, Inc. is a fee-based firm that requires an account minimum of $500,000. The firm has three certified financial planners (CFPs). The firm has sister offices located in Orange, California and Scottsdale, Arizona.
Advisors with Seamount may offer you insurance policies to go along with your investment plans. While this could result in financial gain for the advisors, they are fiduciaries, meaning they’re bound by the law to act in your best interest.
Seamount Financial Group, Inc. Background
Leon Colafrancesco formed Seamount Financial Group in 1999. His career in financial management began far before that, though. The California State University graduate boasts over 35 years of overall experience in the industry. Colafrancesco remains the firm's principal owner and president.
Prospective clients who are interested in cash flow management, risk management, wealth management, higher education planning, retirement planning and estate planning will find all of these services available at Seamount.
Seamount Financial Group, Inc. Strategy
If there are parts of your current financial life that you like and want to continue to implement, Seamount Financial Group will provide strategies to try work with those needs. However, Seamount also approaches your financial management situation critically, with the assumption that everything can be improved upon. The firm’s specific suggestions are based off of your risk tolerance and determined asset allocation.
Rainsberger Wealth Advisors
Rainsberger Wealth Advisors has just over $200 million in client assets under management. The firm has a small staff of three financial advisors, including one certified financial planner (CFP). Two-thirds of the firm's client base is made up of individuals, with high-net-worth individuals, retirement plans and profit-sharing plans rounding out its typical clientele.
As opposed to a more traditional minimum account balance requirement, Rainsberger employs a minimum annual fee of $1,000 for its individual-centric services. Retirement plan consulting clients will usually receive no less than a 0.40% fee. This firm abides by a fee-only fee schedule, meaning it earns compensation solely from the fees generated by the management of clients' assets.
Rainsberger Wealth Advisors Background
No firm on this list has been in business longer than Rainsberger Wealth Advisors, as it was founded in 1990. Firm president and founder Ellis "Bud" Rainsberger principally owns the firm to this day and has spent roughly 40 years in financial services.
Rainsberger offers two distinct styles of investment management: an individualized program and a model-based program. You can also take advantage of financial planning services involving budgeting, taxes, insurance, retirement, estates and more. Retirement plan consulting clients will receive aid in the selection and monitoring of investments, as well as plan participant communication.
Rainsberger Wealth Advisors Strategy
The entirety of Rainsberger Wealth Advisors' investment philosophy is based on finding the right asset allocation for your personal needs. This not only involves selecting the types of investments that will live in your portfolio, but also the risk ratios at which the returns will be satisfactory enough to achieve your ultimate objectives. In turn, Rainsberger's normally invests in some combination of exchange-traded funds (ETFs), mutual funds, stocks and other securities.
Altus Wealth Group, LLC
Altus Wealth Group, LLC is a fee-based firm that has a client base almost entirely filled with individuals. The firm is also known to have advisory relationships with high-net-worth individuals, foundations, trusts, estates, institutions and endowments. You'll need a minimum of $250,000 in investable assets to become a client.
The staff at Altus includes two certified financial planners (CFPs) and one chartered financial consultant (ChFC). The firm manages $172.5 million.
Some of the advisors at Altus can earn commissions or extra compensation from the sale of insurance policies and/or specific securities. The firm is a fiduciary, though, so it is legally bound to act in clients' best interests at all times.
Altus Wealth Group, LLC Background
Altus Wealth Group is by most standards a very young firm, as it was established in 2017. The firm was created by three financial services holding companies: Bethemore Holdings, LLC; KDJP Holdings, LLC; and Aqua Waters, LLC. Co-partners and financial advisors Dustin Bench, Nancy Mercado and Jill Reitmeyer own Altus through these businesses.
Investment management and wealth planning are the core of this firm's advisory services. Altus' advisors can help clients formulate their portfolio, manage it and rebalance it. Wealth planning involves a much broader look at your financial life as a whole.
Altus Wealth Group, LLC Strategy
Based on your risk tolerance, time horizon and investment objectives, Altus Wealth Group will create a portfolio for you made up of exchange-traded funds (ETFs), mutual funds, individuals securities and closed-end funds. By ascertaining your risk level, your advisor will be able to select investments that align with your lack or presence of risk aversion. The firm believes that thiis management of volatility should eventually lead to maximized returns for your risk tolerance.
Diversification is key to the venture described above. This all-important investment principle involves not only spreading your assets across a market, but throughout different investment types as well.
Petra Financial Advisors, Inc.
A fee-only and independently-owned firm, Petra Financial Advisors, Inc. has been around longer than all but one other firm on this list -- Rainsberger Wealth Advisors. About a third of Petra Financial Advisors’ clients are high-net-worth, while the rest are a combination of individuals and charitable organizations. The firm does not have a set account minimum, but rather a minimum annual fee of $7,500.
Petra has five certified financial planners (CFPs) on staff. Alongside its CFPs, the firm also employs a chartered financial analyst (CFA).
Petra Financial Advisors, Inc. Background
Between Dave Forbes, Petra’s founder, president, CEO and CCO, and the rest of the firm’s financial advisors, the advisory team averages nearly 20 years’ experience in the asset management business. Dave Forbes owns 80% of Petra, while advisor Jonathan Forbes claims the remaining 20%.
This firm specializes in multiple account types, with the most common being individual accounts, business accounts, trusts, pensions and profit-sharing plans. Petra also participates in pooled investing, meaning it adds together multiple clients’ assets to gain access to investments that might not otherwise be accessible for individual clients.
Petra Financial Advisors, Inc. Strategy
Petra Financial Advisors, Inc. breaks down its investor process very succinctly. The first step is an “alignment conversation.” There’s then a 30-day to 90-day financial planning phase, a one-year financial planning phase and, ultimately, a “lasting relationship” that entails rebalancing your assets and reevaluating your goals.
Throughout this schedule, your advisor will present investment recommendations based on your financial goals. Once everything is mutually decided upon, your assets will be invested based on your stated risk tolerance and any tax minimization possibilities. As your investments begin maturing, Petra will update you at least monthly on the latest happenings related to your funds.
RS Asset Management, LLC
Established in 2011, RS Asset Management, LLC is one of the youngest firms on this list. It is part of the LPL Financial Corporation network and is a fee-based firm. RS has one chartered retirement planning counselor (CRPC) on staff, which is a plus for investors planning for their retirement.
In order to join up with this firm, you'll need at least $100,000 in investable assets. Nearly 90% of the firm's clients are individuals, with high-net-worth individuals making up the remaining balance.
Financial advisors at this firm may earn additional compensation for the sale of certain securities and mutual funds, which can be added to your portfolio. Remember that the firm’s advisors are fiduciaries, though, so the law requires them to work in your best interest, no matter what.
RS Asset Management, LLC Background
Even though this firm has had a relatively short lifespan, RS Asset Management’s advisors are far from inexperienced. In fact, the two advisors who handle assets average 26 years in the financial management trade.
The firm claims that retirement-focused strategies are among its strengths. Retirement, insurance, estate and philanthropic planning are some of the firm’s priorities. Clients who are more interested in general portfolio management and higher education planning will find these services available at RS Asset Management, as well.
RS Asset Management, LLC Strategy
RS Asset Management, LLC says that it prefers to think in the long term. The firm builds its strategies around investors’ interests, relationships and, most importantly, existing assets. Once a plan has been formulated, the firm will diversify your funds into varying asset classes, like stocks, bonds and other foreign and domestic investments.
Pathway Advisors Group
Pathway Advisors Group is the lone firm on this list with just a single financial advisor on its team. This advisor is William David Frier, the firm's principal and CCO. Even still, the firm manages to handle almost $80 million in client assets. To work with Pathway, you must have $100,000 ready to invest.
Although every one of Pathway's clients currently fall beneath the high-net-worth threshold, the firm states its services can be used for individuals with a high net worth as well.
Aside from its standard client fees, Pathway also earns commissions from the sale of insurance policies. While this certainly creates a possible conflict of interest, the firm is bound by fiduciary duty, legally binding it to act in your best interests at all times.
Pathway Advisors Group Background
CCO William David Frier owns 100% of Pathway Advisors Group. Frier opened the firm in 2017. Despite Pathway's youthful age, Frier has almost 20 years of experience in finance.
Similar to much of its competition, this firm centers its services around financial planning, investment management and consulting. Here are some of its offerings:
- Discretionary and non-discretionary portfolio management
- Financial goal review
- Retirement planning
- Estate planning
- Cash flow planning
Pathway Advisors Group Client Experience
Your initial meeting with Pathway Advisors Group will be to go over what your investor profile will look like. This encompasses your risk tolerance, time horizon, investment objectives, liquidity needs and any other relevant considerations. In the end, these factors will dictate how risky your asset allocation will be.
Rather than rely solely on outside sources, Pathway looks to complete its own investment analysis using market tools. From this, the firm typically invests in equities, mutual funds, ETFs, fixed-income, municipal bonds, corporate bonds and more.