Finding a Top Financial Advisor Firm in Honolulu, Hawaii
Choosing a financial advisor who fits your needs is easier said than done. To simplify the search process, SmartAsset compiled this list of the top financial advisor firms in Honolulu. Read through the tables and reviews below to see which firms’ account minimums, investment strategies, certifications and more are most in line with what you’re looking for. Another way to simplify your search for a financial advisor is by using SmartAsset’s financial advisor matching tool. Answer a short series of questions and you’ll be matched with financial advisors near 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
|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 Honolulu, Hawaii
SmartAsset considered all U.S. Securities and Exchange Commission (SEC)-registered firms in Honolulu for this list, as SEC-registered firms are fiduciaries. If a firm did not have financial planners on staff, did not manage individual accounts or did not have a clean record, it was taken out of consideration. The remaining firms were then sorted from highest assets under management (AUM) to lowest. The top firms from that list appear below.
The Rice Partnership, LLC
The Rice Partnership, LLC is a fee-only financial advisor firm with five advisors on staff. The firm says it has deep roots in the islands: the firm’s principal, Bonnie Rice, is part of a Hawaiian ranching family that goes back four generations.
The firm holds the most advisory certifications of any firm on this list, offering a certified trust and financial advisor (CTFA) and a chartered financial consultant (ChFC).
There’s no minimum amount required to open an account with this firm, though the firm can choose not to work with a client if it deems their investable assets to be too low. The majority of its clientele are high-net-worth investors, though it also works with some non-high-net-worth clients.
The Rice Partnership, LLC Background
Rice and Orest Saikevych are joint principal members of The Rice Partnership, LLC, which they established in 2005. This is an employee-owned firm, meaning those who work here hold a stake in the business. The firm’s Honolulu-based advisors average nearly 30 years’ experience in the financial business.
The Rice Partnership’s primary focus is serving individuals. Its services available to individual investors include tax mitigation, estate planning, retirement planning and philanthropic planning.
The firm also serves as a family office, with services including property and document management, higher education costs, trusts and wealth transfers and daily accounting management.
In addition, the firm offers services to small and large business owners, including strategic advice regarding stock sales, liquidity needs, any mergers/acquisitions or a total business sale.
The Rice Partnership, LLC Strategy
Domestic companies in growing markets that have a strong cash flow are at the core of The Rice Partnership’s long-term investment strategy. Your advisor will search for investment opportunities that will remain in your portfolio for at least a year, as the firm believes in low investment turnover.
The firm isn’t blind to global market trends, though. Based on these trends, the firm will invest in exchange-traded funds (ETFs) that are cheap and movable, in addition to investing in stocks. The firm uses ETFs to make it easier to rebalance your portfolio when necessary. Rebalancing will keep your portfolio’s asset allocations in check and in line with your risk tolerance level.
Bankoh Advisors is the asset management branch of the Bank of Hawaii. To open an account with this fee-based firm, you will need a minimum of $250,000. The firm primarily serves non-high-net-worth individuals.
Whereas the other two firms on this list charge some combination of fixed fees and referral fees, Bankoh Advisors only charges a percentage of your total assets under management (AUM). In fact, the highest annual fee you’ll be charged is 1%, with that rate dropping as your account grows in size.
Advisors of this firm may be licensed insurance agents, which means you could be offered insurance products. However, the firm’s fiduciary duty legally binds it to act in your best financial interest at all times.
Bankoh Advisors Background
Bankoh Advisors was established in 1991, making it the oldest firm on this list. The Bank of Hawaii owns Bankoh Advisors, which means the firm is a subsidiary of the financial institution. Christopher Otto is the firm’s principal officer and president and has 18 years of experience in personal finance.
This firm’s service offerings cover a wide range of financial needs. Its services include retirement planning, estate and wealth transfer planning, trust creation, tax minimization, insurance evaluation and planning, personal savings, higher-education savings, charitable giving and business succession plans.
Bankoh Advisors Strategy
Bankoh Advisors considers a number of factors to determine your investment plan, including your current financial situation, tax status, risk tolerance and time horizon. Your resulting investment plan is called your Investment MAP, or Managed Account Portfolio.
Bankoh Advisors then uses its proprietary Managed Account Portfolio Solutions (MAPS) platform to invest your assets. This program searches through individual equity securities, ETFs, money market funds and different styles of mutual funds to find investment opportunities for your portfolio.
3D Wealth Advisors, Inc.
3D Wealth Advisors is a fee-only firm in Honolulu owned and operated by Michelle Tucker. Tucker is also the firm's sole advisor, handling the firm's $122 million in assets under management. Tucker is a certified financial planner (CFP), a certified public accountant (CPA) and an accredited estate planner (AEP) on top of having a law degree.
The firm gears its service toward clients that have $500,000 or more in investable assets. However, it doesn’t technically have an account minimum. Most of 3D’s clients are individuals, and the firm works with high-net-worth individuals and pension plans as well.
3D Wealth Advisors Background
Michelle Tucker founded 3D Wealth Advisors in 2007. In addition to her role as the owner and president of the firm, Tucker is also the co-founder of a law firm, Sterling & Tucker, LLP, and a CPA firm, Sterling & Tucker, Inc.
The firm’s primary offering is financial planning services. Typically, 3D will provide advice on investing, tax issues, insurance, estate planning, pensions and retirement planning, as well as more specific matters that may vary from client to client.
3D Wealth Advisors Investment Philosophy
When analyzing investment options, 3D Wealth Advisors typically opts for mutual funds that may contain corporate bonds, government and municipal securities, real estate investment trusts (REITs) and equities. 3D focuses on how different asset classes have performed over time when formulating its advice.
The firm is a proponent of Modern Portfolio Theory, which advocates for balanced asset allocation as an investor’s biggest priority rather than timing of transactions or stock selection. The theory argues that, historically, asset allocation (in accordance with an investor's risk tolerance) is a much bigger determinant of long-term success.
Kahala Financial Advisors
Kahala Financial Advisors is a fee-only firm that has been doing business since 1986. This makes it the oldest firm on this list by just one year (Robert Priske, LLC was founded in 1987). The overwhelming majority of the firm’s clients are individuals, but the firm also works with one charitable organization.
Kahala has an account minimum of $500,000, good for second-highest on this list behind Robert Priske, LLC. The firm has two advisors, both of whom are certified financial planners (CFPs).
Kahala Financial Advisors Background
Greg Miyashiro founded Kahala Financial Advisors in 1986. He is a part owner of the firm, along with his son, Ryan Miyashiro; they are also the firm's only two advisors. Greg Miyashiro has more than 40 years of experience in the financial services industry for more than 40 years, and Ryan Miyashiro has 15.
The firm’s primary offering is investment advisory services, consisting of asset allocation, investment analyses, ongoing monitoring, quarterly performance reports and rebalancing services. Additionally, the firm provides financial planning services, covering budgets, credit, income tax-reduction strategies, insurance matters, retirement planning, education planning, estate planning and investing.
Kahala Financial Advisors Investment Philosophy
For the most part, the firm will invest client assets in a mix of corporate and municipal bonds, equity, mutual funds, variable life insurance and annuities, certificates of deposit (CDs) and real estate investment trusts (REITs).
Kahala doesn’t ever focus on market timing or short-term transactions, preferring instead to take a long-term, “buy and hold” approach to investing. As a starting point for client portfolios, the firm uses a collection of asset allocation models that balance risk and foster diversification. Each client can choose a model that best fits with his or her risk tolerance and time horizon, and clients are free to shift their asset allocation at any point. The firm also regularly revisits its models to determine if they should be rebalanced.
Shiraishi Financial Group Advisors, LLC
Shiraishi Financial Group Advisors, LLC does not have a set account minimum. The firm primarily serves non-high-net-worth individuals. Its client base also includes businesses, charitable organizations and trust or estate candidates. The firm has one accredited investment fiduciary (AIF) on staff.
Shiraishi Financial Group Advisors is a fee-based firm. As part of your client-advisor relationship, you might be offered insurance. Should this happen, remember that Shiraishi Financial Group Advisors, LLC is a fiduciary, meaning it must always act in your best financial interest.
Shiraishi Financial Group Advisors, LLC Background
Shiraishi Financial Group Advisors, LLC is the youngest firm on this list, as it’s only been in business since 2013. But Herbert Shiraishi, the firm’s sole owner and founder, has worked in personal finance for 30 years. The rest of the firm’s advisory staff averages about 15 years in the industry.
The firm offers the following investment services:
- Retirement planning
- Income planning
- Tax planning
- Asset protection and risk management
- Investment planning
- Estate planning
- Educational planning
Shiraishi Financial Group Advisors, LLC Strategy
Although Shiraishi Financial Group Advisors, LLC says it’s primarily focused on the long-term goals of its clients, the firm also believes in using active investment management to achieve extra growth in the short term.
Shiraishi is the only firm on this list that uses the “tactical re-allocation” strategy. This relatively rare strategy calls for your advisor to consistently move your assets in an effort to follow rapid market movements across various asset classes. The firm primarily uses stocks, bonds, cash and investment company securities.
The level to which these principles are applied depends on your individual financial situation and objectives. These strategies also relate to your risk tolerance, time horizon, liquidity needs and any other personal prerequisites.
Robert Priske, LLC
Robert Priske, LLC has been providing investment and financial planning advice since 1987, making it just one year younger than the oldest firm on our list, Kahala Financial Advisors. The fee-only firm has the highest account minimum on this list at $750,000, but the firm maintains the right to waive this minimum at its discretion.
The firm’s clients are generally business and healthcare professionals, and the firm works with individuals, high-net-worth individuals and pension plans. Robert Priske, LLC has two advisors, Robert Priske and Chris Chu. Priske began his career as a certified public accountant (CPA), but he no longer holds the license.
Robert Priske, LLC Background
Robert Priske founded the firm in 1987, and he is still the sole owner of the firm, as well as its chief compliance officer. Chris Chu, the firm’s other advisor, helps to manage portfolio data, prepare performance reports and direct brokerage account service teams.
The firm offers investment supervisory services to its clients, and it also provides financial planning advice regarding saving and budgeting, taxes, estate planning, investing and other matters specific to individual clients.
Robert Priske, LLC Investment Philosophy
Robert Priske, LLC relies on a combination of fundamental, technical and cyclical analysis and charting for its investment analysis. The firm considers each client’s objectives, timeline and risk tolerance, then tailors its investment strategy accordingly, determining the right balance of long-term purchasing, short-term purchasing, trading and margin transactions.
The firm typically invests in some combination of equities, exchange-traded funds (ETFs), over-the-counter securities, debt securities, warrants, foreign issues, certificates of deposit (CDs), municipal securities, government securities and mutual funds. The firm will usually weight equities and funds more heavily than others.