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Top Financial Advisors in Davenport, IA

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Davenport, Iowa

You’ll have several options to consider if you’re searching for a financial advisor in the Davenport, Iowa area. To make your decision much easier, we’ve formed a review of the top firms the city has to offer. Our list compares each firm’s assets under management (AUM), advisory services, fee structure, investment strategies and more. You can also try using our free financial advisor matching tool to connect with up to three local advisors.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Quad-Cities Investment Group, LLC Quad-Cities Investment Group, LLC logo Find an Advisor

Read Review

$267,311,821 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
2 Wealthspan Partners, LLC Wealthspan Partners, LLC logo Find an Advisor

Read Review

$185,870,173 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management

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What We Use in Our Methodology

To find the top financial advisors in Davenport, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Quad-Cities Investment Group, LLC

Quad-Cities Investment Group (QCIG), a fee-based firm, is first on our list of top-rated practices in Davenport. QCIG’s client base consists of individuals, trusts, estates, charitable organizations, pension and profit-sharing plans and corporations. The firm doesn’t mention a minimum account size requirement, but it charges a minimum annual advisory fee of $1,200. For its advisory offerings, QCIG charges asset-based fees.

Some of the advisors who work at this firm are also registered as insurance agents and may receive commissions from the sale of insurance products. This is a potential conflict of interest, though the firm's status as a fiduciary legally requires it to act in the best interests of clients at all times.

The firm has two certified financial planners (CFPs) on staff, as well as one certified public accountant (CPA), a chartered financial analyst (CFA), and a certified investment management analyst (CIMA).

Quad-Cities Investment Group Background

Established in 2010, QCIG operates under the ownership of founding partners Laura Ann Swift and Scott Stoltenberg. Firm partner Christine McElvania owns 10% of the firm. 

Portfolio management, financial planning and retirement plan consulting are QCIG’s main advisory services. The firm’s retirement consulting services also feature asset allocation and portfolio construction, investment monitoring, investment policy statement review and investment options evaluation. 

Quad-Cities Investment Group Investment Strategy

Quad-Cities Investment Group’s process is characterized by listening, planning, guiding and protecting. The firm says it employs a disciplined investment management and rebalancing process, conducts transparent performance reporting, utilizes investment strategies to hedge against market conditions and regularly reviews the progress of each client’s overall plan. 

The firm’s investment strategies include short- and long-term purchases, trading, margin transactions and option writing. To analyze securities, advisors combine technical, cyclical and fundamental methods of analysis.

Wealthspan Partners, LLC

Wealthspan Partners is a fee-only firm serving high-net-worth individuals and non-high-net-worth individuals. The firm doesn’t require a minimum account size for prospective clients interested in establishing an advisory relationship. 

Wealthspan has a small team of advisors who both hold the certified financial planner (CFP) designation. One advisor also holds the certified investment management analyst (CIMA) designation. The firm’s compensation comes from asset-based fees, hourly charges and fixed fees. 

Wealthspan Partners Background

Wealthspan Partners was formed in 2018 by Brian J. Ramsay and Mark D. Tholl. The firm primarily offers portfolio management and financial planning. Its financial planning services also feature the following areas of wealth management:

Wealthspan Partners Investment Strategy 

Wealthspan Partners believes in broad portfolio diversification and aligning each client’s portfolio to a specific asset allocation target, according to its website. In offering investment advice, the firm strives to build low-cost portfolios. 

Wealthspan’s investment strategies rely on fundamental and cyclical analysis, asset allocation, diversification and behavioral finance, which proposes psychology-based theories to explain stock market anomalies. 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research