Finding a Top Financial Advisor Firm in Hawaii
If you’re looking to invest your money in the state of Hawaii, it’s important that you find a local financial advisor who fits your needs. You’ll want to choose an advisor who understands your situation, who specializes in serving clients like you and who takes an investment approach you're comfortable with. Compiled through extensive research, this list details the top financial advisor firms in Hawaii. You can also use the SmartAsset financial advisor matching service to find an advisor in your area who’s right for you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||The Rice Partnership, LLC Find an Advisor||$262,471,948|| |
No set account minimum
| || |
No set account minimum
|2||Bankoh Advisors Find an Advisor||$207,328,738|| |
| || |
|3||3D Wealth Advisors, Inc. Find an Advisor||$122,698,561||No minimum|| || |
Minimum AssetsNo minimum
Let us help match you with the right financial advisor for your needs.Answer a few questions to get a personalized match.
|4||Kahala Financial Advisors, LLC Find an Advisor||$122,270,254||$500,000|| || |
|5||Shiraishi Financial Group Advisors, LLC Find an Advisor||$118,082,037|| |
No set account minimum
| || |
No set account minimum
|6||Robert Priske, LLC Find an Advisor||$103,000,000||$750,000|| || |
How We Found the Top Financial Advisor Firms in Hawaii
Using data from the U.S. Securities and Exchange Commission (SEC), we made a list of all SEC-registered firms in the the state of Hawaii. We only considered SEC-registered firms, as all such firms are fiduciaries, requiring them to always act in clients’ best interest. We eliminated any firm that has disclosures of disciplinary issues, doesn’t have financial planners on staff or doesn’t manage individual accounts. We ranked the remaining six firms that met these criteria, from most assets under management (AUM) to least.
The Rice Partnership, LLC
The Rice Partnership is a Honolulu-based firm with more than $262 million in assets under management (AUM), making it the largest firm on this list. It has five advisors on staff, including one certified financial planner (CFP), one certified trust and financial advisor (CTFA) and one chartered financial consultant (ChFC). This is a fee-only firm.
There is no required minimum account balance, but the firm reserves the right to choose not to work with investors who don’t have enough in investable assets. The Rice Partnership works mostly with high-net-worth individuals, though it does serve some non-high-net-worth individuals. The firm also works with a small number of pension plans, charitable organizations and state or municipal government entities.
The Rice Partnership Background
The Rice Partnership was founded in 2005 by Bonnie F. Rice, who still serves as the firm’s principal, chief compliance officer and director of client services. The company is wholly owned by its employees. In addition to its main office in Honolulu, the firm has a satellite offices in Maui and San Luis Obispo, California.
Alongside its advisory services, the firm also offers tax and estate planning services for individuals. For businesses, it offers mergers and acquisition services along with capital markets options. The firm is also the whole owner of Wealthjar Investment Advisory, LLC, a separate advisory firm that offers automated portfolio management services through the Schwab Institutional Intelligent Portfolios investment management platform. For clients interested in a robo-advisor with lower fees, Wealthjar could be an attractive option.
The Rice Partnership Investment Strategy
The Rice Partnership has a number of core investment strategies. One is Core U.S. Equity, which focuses on domestic investments and seeks companies with free cash flow. Another is Active Fixed Income Management, which looks for issues on the high-quality section of the yield curve. The International ETF strategy uses the liquidity and low costs of ETFs to the client’s advantage.
Advisors work with individual clients to tailor an investment strategy that works for them. Each client is given a plan that will help them steadily grow their assets.
Bankoh Advisors is the financial advisory business of Bank of Hawaii, a full-service bank located in the Aloha state. The Honolulu-based firm has more than $207 million in assets under management (AUM). It is a fee-based firm. In addition to fees, advisors may receive a commission for selling customers an investment product or security. In that situation, Bankoh waives the advisory fee attachable to that investment. Bankoh is still a fiduciary and must act in the client’s best interest.
Bankoh Advisors has 32 advisors on staff. It requires a minimum investment of $100,000. The firm works mainly with individuals and high-net-worth individuals, though it also does some advising for corporations.
Bankoh Advisors Background
Bankoh Advisors was founded in 1991 and became a registered investment advisor in 2005. It is a wholly owned subsidiary of the Bank of Hawaii, which is owned by the Bank of Hawaii corporation.
In addition to advisory services, Bank of Hawaii offers a full suite of financial services including checking and savings accounts, credit cards, mortgages and other loans. The advisory business has representatives on all six of the heavily populated Hawaiian islands.
Bankoh Advisors Investment Strategy
Bankoh Advisors typically uses individual securities, bonds, mutual funds, ETFs and money market funds in client portfolios. Bankoh works with each client to create a strategy that fits their goals and risk tolerance.
The firm uses a number of analytical methods to figure out the best investments for each client. It primarily uses fundamental analysis, looking at financial media, outside analysis and annual reports to figure out which investments are most likely to produce the necessary returns for clients.
3D Wealth Advisors
3D Wealth Advisors is a fee-only firm in Honolulu with around $122 million in assets under management. The firm doesn’t strictly impose an account minimum, but its services are geared toward clients with at least $500,000 to invest.
3D works mostly with individuals, as well as some high-net-worth individuals; it also does some work for pension plans. The firm has just one advisor - the founder, Michelle Tucker. Tucker is both a certified financial planner (CFP) and a certified public accountant (CPA).
3D Wealth Advisors Background
3D Wealth Advisors was founded by Michelle Tucker in 2007. Tucker continues to serve as the firm’s president, owner and sole advisor. Tucker is also the co-founder of a law firm, Sterling & Tucker, LLP, and a CPA firm, Sterling & Tucker, Inc.
The firm provides financial planning advice covering investments, taxes, insurance, estate planning, pensions, retirement and other general matters.
3D Wealth Advisors Investment Philosophy
3D Wealth Advisors typically offers advice on mutual funds which hold assets including equities, government and municipal securities, corporate bonds and real estate investment trusts (REITs). This strategy is in part a reflection of the firm’s use of Modern Portfolio Theory, which stresses that a portfolio that diversifies among asset classes is better equipped for success than one that focuses entirely on stock selection or market timing.
3D focuses on how different asset classes have performed over time when formulating its advice, and it relies less on economic or market research.
Kahala Financial Advisors
Kahala Financial Advisors is the oldest firm on our list, having been in business since 1986. The fee-only firm works almost exclusively with individuals, as well as one charitable organization.
The firm imposes a $500,000 account minimum, second-highest on this list behind Robert Priske, LLC. The firm’s two advisors each have a certified financial planner (CFP) certification.
Kahala Financial Advisors Background
Kahala Financial Advisors was founded in 1986 by Greg Miyashiro. Miyashiro continues to serve as an owner and advisor of the firm along with his son, Ryan Miyashiro. Greg Miyashiro has been working in the financial services industry for more than 40 years, and Ryan Miyashiro has been doing so for 15 years.
The firm offers investment advisory services, including investment analyses, asset allocation, quarterly performance reports, ongoing monitoring and rebalancing services. The firm also offers financial planning services, covering credit, budgets, retirement and college-funding analyses, insurance, wills and trusts, income tax-reduction strategies and investments.
Kahala Financial Advisors Investment Philosophy
Typically, the firm will invest client assets in a range of equities, corporate and municipal bonds, mutual funds, certificates of deposit (CDs), variable life insurance and annuities and real estate investment trusts (REITs).
Kahala Financial Advisors applies a long-term, “buy and hold” approach to its portfolios rather than making any attempts to time the market. The firm will use a range of asset allocation models to balance risk and create diversified portfolios, taking into account each client’s risk tolerance and time horizon when choosing the specific model. Clients can alter their asset allocation at any time depending on their individual circumstances.
Shiraishi Financial Group Advisors, LLC
Shiraishi Financial Group Advisors is a fee-based firm based in Honolulu. In addition to fees, advisors at the firm may earn commissions from selling customers various financial products. This is a potential conflict of interest, but the firm is bound by fiduciary duty to act in the client’s best interest. The firm has more than $118 million in assets under management (AUM). It has six advisors on staff, including one accredited investment fiduciary (AIF).
Though the firm technically does not have a set account minimum, it recommends that clients have at least $50,000 to invest. The firm mainly caters to individual investors but it does have some high-net-worth individual clients. It also advises a small number of pension plans.
Shiraishi Financial Group Advisors Background
Shiraishi Financial Group Advisors was founded in 2013. It is solely owned by Herbert Shiraishi, who is also the firm’s president and CEO. Shiraishi has worked in financial services since 1988.
In addition to wealth management, the firm offers retirement planning services and help with life insurance, long-term care insurance and disability insurance. The firm also has a special division dedicated to advising teachers who take part in the National Education Association’s retirement program.
Shiraishi Financial Group Advisors Strategy
Shiraishi Financial Group Advisors offers numerous portfolio models. The firm’s active model consists of high-yield bond funds, government bond funds and money market funds. The rotation model invests in two top-performing funds each month. The seasonal model adds large-cap equity funds to the active model. The star model adjust equities exposure based on market trends, while the sector model uses both equities and bonds.
The firm’s team works with clients to find the model that best fits their needs and then helps to create a diverse portfolio.
Robert Priske, LLC
Robert Priske, LLC is a fee-only firm that has been offering advisory services in Honolulu since 1987, making it the second-oldest firm on our list behind Kahala Financial Advisors. The account minimum is a bit high at $750,000, but the firm may waive this minimum under certain circumstances.
The firm works with individuals, high-net-worth individuals and pension plans. Clients are typically business and healthcare professionals. Robert Priske, LLC has two advisors, one of them being Robert Priske himself. Priske was a CPA for many years but no longer holds that certification.
Robert Priske, LLC Background
Robert Priske, LLC was founded in 1987 by Robert Priske, who is still the sole owner of the firm, the principal trader and the chief compliance officer. Chris Chu also directs brokerage account service teams, prepares performance reports and manages portfolio data.
The firm provides investment supervisory services as well as financial planning advice that covers saving, investment, estate planning, taxes, and other matters specific to individual clients.
Robert Priske, LLC Investment Philosophy
When analyzing investments, the firm uses a mix of fundamental, technical and cyclical analysis and charting. The firm tailors its investment strategy to the client. It considers the client’s risk tolerance, time horizon and investment objectives in determining the right balance of long-term purchasing, short-term purchasing, trading and margin transactions.
Investments in client portfolios include exchange-traded funds (ETFs), equities, securities traded over-the-counter, foreign issues, warrants, debt securities, certificates of deposit, municipal securities, mutual funds, government securities and options contracts. Equities and funds typically are weighted most heavily.