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. If you need some more help finding a financial advisor, SmartAsset’s financial advisor matching tool can find financial advisors near you who will suit your needs.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
First Affirmative Financial Network, LLCFind an Advisor
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Seamount Financial Group, Inc.Find an Advisor
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Peak Capital Management, LLCFind an Advisor
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Strasbaugh Financial Advisory, Inc.Find an Advisor
Based on your goals
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Based on your goals
Petra Financial Advisors, Inc.Find an Advisor
No set account minimum
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No set account minimum
RS Asset Management, LLCFind an Advisor
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Intervest International, Inc.Find an Advisor
No set account minimum
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No set account minimum
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 more than double the assets under management (AUM) of the second-ranking firm, Seamount Financial Group, Inc. First Affirmative Financial Network is a fee-only firm and a subsidiary of FOLIOfn, Inc., 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 the lowest account minimum compared to all but two no-minimum firms on this list -- Petra Financial Advisors, Inc. and Intervest International, Inc. As such, it’s no surprise that nearly every client this firm has is not considered high-net-worth.
First Affirmative Financial Network has a certified financial planner (CFP), a chartered financial analysts (CFA) and a certified investment management analyst (CIMA) on its 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 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). It is employee-owned and 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 35 years of overall experience in the industry.
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.
Peak Capital Management, LLC
Peak Capital Management, LLC is a fee-only, employee-owned firm. It requires investors to have at least $500,000 of investable assets to begin a relationship with one of its three financial advisors.
The firm has one chartered financial analyst (CFA) and two certified financial planners (CFPs) on staff. Only Seamount Financial Group, Inc. and Petra Financial Advisors, Inc. have more CFPs.
Individual and high-net-worth clients comprise less than half of this firm’s account holders. The rest of Peak Capital Management’s business comes from pooled investments, pension and profit-sharing plans, charities, businesses and other investment advisors.
Peak Capital Management, LLC Background
Founded by Brian Lockhart, chief investment officer, in 2007, Peak Capital Management, LLC is the second-most recently formed firm on this list, just behind RS Asset Management. Though the firm has been in business for just over a decade, its advisors average 16 years of experience in handling client assets.
It is important to note that aside from the previously mentioned individual and business-centric services offered by Peak, it also dabbles in pooled investments. This involves gathering the investable funds of all clients so that non-high-net-worth clients can gain access to investment opportunities that would otherwise be out of reach.
Peak Capital Management, LLC Strategy
Peak Capital Management, LLC gives investors an incredible amount of choice in how they want to position their investment strategy under its guidance. Investors’ final decisions will be formed through the identification of their risk tolerance, desired yield and overall time frame.
The firm’s plans range from conservative to moderate to aggressive, featuring options titled income opportunity, dynamic risk hedged (DRH) balanced income and dividend equity. In other words, your risk tolerance is what will be the deciding factor in how your assets are allocated.
Strasbaugh Financial Advisory, Inc.
Strasbaugh Financial Advisory, Inc. is an employee-owned, fee-only firm. In comparison to the other firms on this list, Strasbaugh does not offer a wide selection of certifications. The firm has just two certified financial planners (CFPs) on staff.
This firm uniquely does not require a fixed account minimum. Instead, your personal investment goals dictate what amount Strasbaugh thinks you need to invest to get where you want to be. On its website, this firm lists its typical clientele as retirees and those approaching retirement, those who have lost a spouse and current or former military members.
If you are interested in working with Strasbaugh, you can speak to one of its advisors for free on a “get acquainted” call or appointment.
Strasbaugh Financial Advisory, Inc. Background
Strasbaugh Financial Advisor, Inc. has been in existence since 2002. It was founded by principal owners, Susan and Richard Strasbaugh. The firm’s staff averages over 17 years of experience in the fields of asset management and finance.
Advisors at this firm can handle everything from tax management and mitigation to retirement and estate planning. They also focus on helping those who have lost a spouse or who are current or former members of the U.S. military.
Strasbaugh Financial Advisory, Inc. Strategy
Strasbaugh Financial Advisory’s first order of business is to work with clients to iron out exactly what they want to get out of their investments. Based on the information gathered, Strasbaugh will lay out a concrete plan that details the various asset allocations that it believes will get you where you want to be.
The work doesn’t stop there, though. Strasbaugh will rebalance your account periodically to keep your originally developed strategy in place - and, therefore, your goals on track.
Petra Financial Advisors, Inc.
A fee-only and independently-owned firm, Petra Financial Advisors has been around longer than all but one other firm on this list -- Intervest International. About half of Petra Financial Advisors’ clients are high-net-worth, while the other half are individuals. The firm does not have a set account minimum.
Petra is tied with Seamount Financial Group for the most certified financial planners (CFPs) on staff. Alongside its three CFPs, the firm also employs a chartered financial analyst (CFA).
Petra Financial Advisors, Inc. Background
Between Dave Forbes, Petra’s founder and president, and the rest of the firm’s financial advisors, the staff averages 18 years’ experience in the asset management business.
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 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 the youngest firm 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.
The firm’s $100,000 minimum account balance is the second-lowest minimum on this list. More than three-quarters of the firm’s clients are individuals, with high-net-worth individuals making up the remaining quarter.
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 25 years in the financial management trade.
The firm claims that retirement-focused strategies are one of 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.
Intervest International, Inc.
Intervest International, Inc. is a fee-based firm that owns two additional financially focused companies, Intervest International Equities Corporation and Intervest Insurance Agency. Intervest International has one certified financial planner (CFP) at its home office, and its advisor network includes more CFPs.
There is no minimum amount required to begin investing with Intervest International, opening the door for just about anyone to become a client of the firm.
Be aware that advisors of this firm may offer you proprietary insurance, which could result in personal financial gain for them. The firm is a fiduciary though, so it’s legally required to act in your best interest.
Intervest International, Inc. Background
Intervest International takes the title of the oldest firm on this list. It was formed 38 years ago in 1980 by founder and CEO David M. Smith.
This firm claims to specialize in asset management for many different types of investors, but with a focus on families, military personnel, government employees, business owners and high-level employees.
Intervest International, Inc. Strategy
There are many different strategies that Intervest International, Inc. says it will use to grow your portfolio. These strategies includes fundamental, technical and cyclical analyses, which all utilize distinct methods of research to find the most holistically appropriate securities-based asset allocation.