Finding a Top Financial Advisor Firm in Edmonds, Washington
If you’re seeking a financial advisor in Edmonds, Washington, we can help. Our team dug into regulatory filings to find the top registered investment advisor (RIA) firms in Edmonds. As fiduciaries, RIAs are required by law to always provide advice in the best interests of their clients. Use our advisor matching tool to connect with up to three fiduciary advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Harbour Investment Management L.L.C. Find an Advisor||$365,039,380||$500,000|| || |
|2||Sage Advisors, LLC Find an Advisor||$273,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Bogdanovich Wealth Management PLLC Find an Advisor||$225,496,783||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 Edmonds, 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.
Harbour Investment Management L.L.C.
Harbour Investment Management is a fee-based firm with offices in Edmond and Portland, Oregon. It currently has hundreds of millions in assets under management (AUM) and an advisory team with two chartered financial analysts (CFAs) and one certified financial planner (CFP).
Co-owner Aalok Shah also maintains interests in Zuna, a separate financial services firm. Zuna and Harbour Investment Management engage in a client referral program in which the two groups share advisory fees. This relationship can create potential conflicts of interests, as it gives Harbour Investment Management an incentive to recommend Zuna’s services over other third-party investment advisors. However, Harbour Investment Management has a fiduciary duty to provide advice in the best interests of its clients.
Harbour Investment Management’s client base is generally split between individuals with and without high net worths. It also works with pension and profit-sharing plans, charities and corporations.
Harbour Investment Management Background
Harbour Investment Management formed in 1991. It is currently owned by founder Hans Berkenhoff, Erika Berkenhoff and Pacific Harbour Advisors, LLC (which in turn is owned by Shah.) Harbour Investment Management offers investment advice and financial planning services to the extent requested by the client.
The team collectively has more than 60 years of experience in the industry.
Harbour Investment Management Investment Strategy
The firm’s investment managers design portfolios based on the risk tolerance and goals of the client. Harbour Investment Management limits portfolio exposure to stocks, mutual funds and exchange-traded funds (ETFs), bonds, certificates of deposit (CDs), cash and money market instruments. Currently, all accounts are managed on a discretionary basis only, meaning Harbour Investment Management's advisors make all portfolio decisions.
Sage Advisors, LLC
Sage Advisors, No. 2 on this list, has a small advisory team with several financial certifications, including two certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered life underwriter (CLU) and one chartered financial consultant (ChFC). (Advisors may have multiple credentials.) The firm doesn’t require a minimum account size for investment advisory services.
Some representatives of Sage Advisors are also brokers and/or insuranace agents. These dual roles can create potential conflicts of interest. As advisors, they must recommend what’s in the best interest of their clients. But as brokers, they only have to make suitable recommendations. So when receiving advice, clients should make sure they know what it’s based on, in which role it is being given and how the advisor may benefit.
Currently, the firm mostly works with individuals who do not have high net worths. However, Sage also advises high-net-worth clients and offers services to pension and profit-sharing plans, trusts, charities and corporations.
Sage Advisors Background
Sage Advisors launched in 2001 and is owned by Russell D. Cole, Jordan Cole and David Heia. Russell Cole, the firm’s president, got his start in financial planning at MassMutual, where he worked for 20 years.
In addition to portfolio management and pension consulting services, Sage also offers stand-alone financial planning that may touch of a variety of topics, including:
- Budgeting and cash management
- Risk management
- Insurance planning
- Financial planning relating to divorce or marriage
- Retirement planning
- Estate planning
- Tax strategies
- Education funding
Sage Advisors Investment Strategy
Sage conducts consultations with its clients to learn about their risk tolerance, goals and financial conditions. Based on this information, Sage recommends proprietary model portfolios it believes can help clients meet their objectives. Sage continuously manages these portfolios on a discretionary basis. This means the firm makes all investment decisions regarding these accounts.
The firm also provides access to separately managed accounts (SMAs) advised by third-party money managers. Additionally, Sage offers guidance on existing accounts such as 401(k)s and individual retirement accounts (IRAs).
Bogdanovich Wealth Management PLLC
Bogdanovich Wealth Management is an RIA firm led by one individual investment advisor: Jeffrey J. Bogdanovich. Responsible for millions in assets under management, he holds the certified public accountant (CPA) and personal financial specialist (PFS) designations.
Bogdanovich doesn’t impose a minimum account size requirement for investment advisory services. He provides services on a fee-only basis, so his compensation comes directly from the fees that clients pay, not from third-party firms for recommending products.
Bogdanovich works with individuals and high-net-worth individuals in addition to pension and profit-sharing plans.
Bogdanovich Wealth Management Background
Bogdanovich established his RIA business in 2018 but has been a CPA for 38 years and a financial advisor for 22 years. He currently provides investment and financial planning consultations to the extent required by the client.
Bogdanovich Wealth Management Investment Strategy
Bogdanovich takes into account the client’s risk tolerance and financial situation to design a proper stock and bond asset allocation. He may also recommend index mutual funds. Bogdanocich generally avoids active investing, which involves trading in and out of securities based on predictions about when and where sectors will experience gains and losses.