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 advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Quad-Cities Investment Group, LLC Find an Advisor||$327,575,299||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Wealthspan Partners, LLC Find an Advisor||$225,321,695||No set account minimum|| || |
Minimum AssetsNo set account minimum
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:
- 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 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.
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.
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 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. The firm's advisors have several earned several designations, including certified financial planners (CFPs), certified public accountants (CPA), chartered financial analysts (CFA), and certified investment management analysts (CIMA).
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 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:
- Investment and analysis
- Income tax
- Estate planning
- Executive compensation
- Cash flow and spending
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.