Finding the Top Financial Advisors in Idaho
With all the options out there, trying to find the right financial advisor can be a challenge. Narrowing down the pool involves a lot of research into lengthy documents loaded with financial and legal jargon. But don’t worry. We did all that for you. The team at SmartAsset put a magnifying glass to the financial advisors in Idaho and extracted the top 10. We cover everything you need to know like fees, services, account minimums and more.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mountain Pacific Investment Advisers, Inc. Find an Advisor||$1,118,540,566||$500,000|| || |
|2||Rathbone Warwick Investment Management, LLC Find an Advisor||$637,867,573||$1,000,000|| || |
|3||Petso Financial Consultants, LLC Find an Advisor||$575,819,478||$25,000|| || |
|4||Buffington Mohr McNeal Find an Advisor||$539,138,079||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Pinkerton Retirement Specialists, LLC Find an Advisor||$510,385,268||$500,000|| || |
|6||Aspen Capital Management Find an Advisor||$497,220,386||$500,000|| || |
|7||ClearRock Capital, LLC Find an Advisor||$442,569,774||$1,000,000|| || |
|8||Continuum Advisory Find an Advisor||$412,124,602||None|| || |
|9||Berkeley, Inc. Find an Advisor||$236,450,000||$2,500 minimum annual fee|| || |
Minimum Assets$2,500 minimum annual fee
|10||The Helmstar Group, LLC Find an Advisor||$165,746,144||$500,000|| || |
How We Found the Top Financial Advisors in Idaho
We began by gathering information on all the financial advisory firms in Idaho that are registered with the U.S. Securities and Exchange Commission (SEC). This federal government agency oversees investment advisors (along with securities markets, corporate finance, investment companies), protecting against fraud and helping to promote fair dealing. Once we had a list of registered advisors in Idaho, we began our filtering process. We removed firms that faced disciplinary issues. We also took out the ones that did not offer financial planning services and individual portfolio management. Read on for the top 10 financial advisors in Idaho, ranked by assets under management, starting with the biggest.
Mountain Pacific Investment Advisers, Inc.
At the top of our list, Mountain Pacific Investment Advisers oversees more than $1.11 billion in assets under management. The firm primarily offers investment management services, but it can provide stand-alone financial planning services on a limited basis to its clients. These services may include advice around retirement savings, estate planning, tax management and more. According to SEC records, the firm offers services to the following clients:
- Individuals including high-net-worth ones
- Estates and trusts
- Charities and non-profit organizations
SEC data shows most of the firm’s current clients are high net worth. To establish a relationship with the firm, you’d need a minimum investment of $500,000. The team at Mountain Pacific Investment features two certified public accountants (CPAs), one certified financial planner (CFP) and one chartered financial analyst (CFA).
Mountain Pacific Investment Advisers Background
Mountain Pacific Investment first opened its doors to the Boise community in 1973. William Palumbo and Bruce Reeder serve as principal shareholders. Both still provide investment advisory services to clients.
The firm works on a fee-only basis. This structure ensures advisors collect fees solely from its own clients for the services provided. They don’t earn compensation from third-party firms for selling or recommending their products. Neither the firm nor its advisors are affiliated with any outside financial services company.
Mountain Pacific Investment Advisers Investing Strategy
Mountain Pacific Investment generally builds portfolios utilizing individual stocks and individual fixed-income securities in order to capture strong returns in times of heightened market performance and to protect capital during times of market decline.
For clients that don’t have enough assets for the firm to build a well-diversified portfolio with individual securities, the firm generally uses mutual funds and exchange-traded funds (ETFs) that offer exposure to equity and fixed income.
The firm typically avoids market timing and other active management investing strategies. Instead, it tends to take a passive investing approach.
Rathbone Warwick Investment Management, LLC
Another Boise-based firm making our list is Rathbone Warwick Investment Management (RWIM). This fee-based firm currently holds more than $637.86 million in assets under management (AUM). The firm’s advisors are equipped to serve the following types of clients:
- Individuals and high-net-worth individuals
- Trusts, estates and charitable organizations
- Pension and profit-sharing plans
Most individual clients fall outside the high-net-worth scope. For asset management services, you’d need a minimum investment of $1 million. RWIM may waive this requirement at its discretion.
RWIM provides portfolio management and stand-alone financial planning services. Depending on your needs, your financial plan may cover various topics including:
- Retirement planning
- Estate planning
- Business succession planning
- Education funding
- Mortgage/debt analysis
- Insurance analysis
- Charitable giving
RWIM’s advisory team includes two chartered financial analysts (CFAs), one certified financial planner (CFP), one chartered retirement plan specialist (CRPC) and one accredited asset management specialist (AAMS).
Rathbone Warwick Investment Management Background
The practice opened in 2014, and Ryan Warwick and Brooke Ramstad own the firm.
RWIM is a fee-based firm. This means it collects fees from a variety of sources, including ones based on a percentage of client AUM or on a fixed or hourly basis for financial planning services. Some of RWIM's advisors are affiliates of other third-party firms in the financial services industry. As a result, they may earn commissions by selling these firms’ products to their RWIM clients. However, RWIM must uphold a fiduciary standard to work in your best interest at all times.
Rathbone Warwick Investment Management Investing Strategy
RWIM creates customized investment portfolios that reflect clients’ risk tolerance, time horizon and investment goals. If it deems it appropriate based on this information, the firm may also utilize the following proprietary portfolio models:
Conservative Growth Portfolio - equally seeks growth of principal and protection of current income. Invests in mutual funds, exchange-traded funds (ETFs), cash and fixed income.
Equity Portfolio - seeks strong returns and will tolerate short-term volatility to meet that objective. Invests in stocks the firm believes are trading at a discount to the market based on different metrics, primarily in mid- to large-cap U.S. stocks.
Long-Term Growth Portfolio - also seeks growth of principal and will tolerate short-term volatility to meet that goal. Invests mostly in mutual funds and ETFs.
Moderate Growth Portfolio - pursues growth of principal as a priority and current income as a secondary goal. Invests in mutual funds and ETFs.
Tax-Exempt Fixed Income Portfolio - seeks to preserve current income and reduce tax liability by investing in a variety of fixed-income investments, including T-bills and tax-exempt municipal bonds.
Balanced Portfolio - combines the objectives of the equity portfolio and the tax-exempt portfolio.
Petso Financial Consultants, LLC
Petso Financial Consultants is a Boise-based firm with nearly $575.82 million in assets under management (AUM). The majority of its client base consists of non-high-net-worth individuals. But it also serves high-net-worth individuals along with their trusts, estates, retirement plans and other entities. Additionally, it works with businesses and charities.
Petso Financial requires a minimum portfolio size of $25,000 for ongoing investment management. However, the firm may waive this requirement at its discretion.
The firm offers asset management and financial planning services. Depending on your needs, its advisors may offer advice around the following topics:
- Income planning in retirement
- Financial planning
- Tax management
- Estate conservation
- College funding
- Charitable giving
- Employee and executive benefits
- Client education and social events
In addition, the firm can recommend partners that specialize in subjects such as tax planning, mortgages and various types of insurance.
Petso Financial Consultants Background
Petso Financial Consultants opened in 2011. David S. Petso remains the sole owner. With more than 30 years in the financial services industry, he holds the certified financial planner (CFP) designation.
The firm may earn fees from multiple sources. It charges clients fees based on a portion of their AUM or on a fixed or hourly basis. Advisors in their separate capacities can also earn commissions from third-party firms for selling their products. However, these advisors have a fiduciary duty to act in your best interests at all times.
Petso Financial Consultants Investing Strategy
Petso Financial generally adopts a long-term-oriented and active approach to investing. The firm typically builds portfolios with mutual funds, exchange-traded funds (ETFs), individual stocks and individual bonds.
It screens securities by employing active investing strategies. For instance, the firm selects securities it believes are selling at a significantly lower cost compared to its fair value. This selection is backed by fundamental and other methods of analysis. In selecting a stock, the firm reviews such details as the company’s earnings, debts and potential for future growth.
Petso Financial uses this data to build a portfolio that’s also appropriate to your risk tolerance, time horizon and other personal factors.
Buffington Mohr McNeal
Buffington Mohr McNeal, LLC (BMM) is a financial services firm with more than $539.13 million in assets under management (AUM). The firm’s clients include individuals, high-net-worth individuals, trusts, estates, pension and profit-sharing plans, businesses and charities.
SEC records show most of the firm’s clients fall outside the high-net-worth scope. You don’t need a minimum account size to start a relationship with the firm.
Advisors on the team specialize in a variety of financial planning matters including tax planning, retirement savings and estate management. These professionals hold several notable certifications in the financial services industry. The team features two certified financial planners
(CFPs) and one chartered financial consultant (CFA).
Buffington Mohr McNeal Background
BMM formed in 1998. Portfolio manager Bruce R. Mohr and Carey McNeal serve as the principal owners today. BMM works on a fee-only basis. Its advisors collect compensation solely from their clients. They don’t earn any other compensation from third-party firms for selling their products. Neither the firm nor its advisors are engaged in other financial industry activities and have no other affiliations.
Buffington Mohr McNeal Investing Strategy
BMM’s investment-decision-making process begins with a thorough analysis of different economic sectors, industries and specific companies to find equities it deems prime for growth. Using the S&P 500 as a benchmark for performance, the firm focuses on companies with a market capitalization of more than $1 billion.
Similarly, the practice takes an active approach to identify fixed income securities to invest in. BMM uses quantitative and qualitative strategies to find inefficient valuations of market sectors and individual securities.
The firm considers your investment goals as well as other personal factors such as risk tolerance and time horizon to diversify your portfolio among these securities. It generally allocates client assets among mutual funds and exchange-traded funds (ETFs).
Pinkerton Retirement Specialists, LLC
Ranked as the No.1 Financial Advisory Firm in Idaho by Barron’s in 2015, Pinkerton Retirement Specialists (PRS) makes our list with nearly $510.39 million in assets under management (AUM). The firm provides services to the following client types:
- High-Net Worth Individuals
- Pension and profit-sharing plans
- Trusts, estates and charitable organizations
For PRS’s Comprehensive Wealth Management program, the firm requires a household minimum account size of $500,000. The minimum for its ePortfolio services is $200,000.
The firm specializes in asset management. However, it may provide its portfolio management clients with written financial plans and consultations. These may cover saving for retirement, managing your estate, meeting your insurance needs, managing taxes and more.
Professionals at PRS include six certified financial planners (CFPs), four registered financial consultants (RFCs), two certified property managers (CPMs), two chartered financial analysts (CFAs), and one accredited investment fidsucsiry advisor (AIFA).
Pinkerton Retirement Specialists Background
PRS has been in business since 1987. Managing Partner Dan Pinkerton and his wife serve as the owners today.
PRS is a fee-based firm. It may earn compensation from clients and third-party affiliates. Some PRS representatives, for example, are affiliated with a broker-dealer firm. So they may earn commissions by selling that firm’s products to PRS clients. However, these advisors have a fiduciary duty to act in your best interest at all times.
Pinkerton Retirement Specialists Investing Strategy
PRS uses its own proprietary scoring methodology when evaluating securities for investment. The firm describes this methodology as a non-emotional formula that seeks to capture growth in emerging markets while minimizing exposure to down-trending markets.
It invests these securities in the following portfolio models as it deems appropriate to its clients based on their individual situation:
Active Portfolio - invests in no-load mutual funds that scored at least eight to 12 points on the firm’s rating scale. Asset allocation typically ranges from 100% equity to 20% equity and 80% fixed income.
Passive Portfolio - invests in index funds that scored at least eight to 12 points on the firm’s ratings scale. Asset allocation usually spans 100% fixed income to 20% equity and 80% fixed income.
Callan Portfolio - invests in mutual funds designed and reviewed using research by Callans.
In addition, the firm offers access to automated portfolios. These portfolios invest in exchange-traded funds (ETFs) and are held in brokerage accounts with Charles Schwab & Co., Inc.
Aspen Capital Management
Aspen Capital Management is a fee-only firm based in Boise, Idaho. It currently manages more than $497.22 million in assets. Aspen Capital offers asset management services to individuals, trusts, estates and business entities. But according to the records it recently filed with the SEC, the firm generally works with individuals, families and non-profit organizations.
Its services vary in scope and size based on your needs. But you can expect to receive guidance on investing, saving for retirement, funding education, estate planning and other financial goals. The team features one certified financial planner (CFP).
You don’t need a minimum account size to receive advice from Aspen Capital.
Aspen Capital Management Background
Aspen Capital Management was founded in 2002. Its current owners are Mike Mers and Lori Mers. The firm offers its services on a fee-only basis. Thus, it collects compensation directly from clients only. It doesn’t earn commissions or other sorts of payments from third-party firms.
Aspen Capital Management Investing Strategy
Aspen Capital primarily invests client assets in globally diverse portfolios built with passive equity and real estate investment trusts (REITs) from Dimensional Fund Advisor along with multi-sector bond funds.
The firm analyzes these specific asset classes using historical data. For instance, it draws from the performance of the S&P 500 to evaluate U.S. large-cap stocks.
Ultimately, however, a client’s asset allocation would be driven by an analysis of the client’s personal situation, including such factors as the client’s risk tolerance, financial stance, tax status and overall goals.
ClearRock Capital, LLC
Nestled in Ketchum, ClearRock Capital joins our list with more than $442.56 million in assets under management (AUM). This fee-only firm focuses on providing wealth management advice to individuals, families, endowments and retirement plan sponsors. Most of its clients are high- net-worth individuals. You generally need a minimum investment of $1 million to start a relationship with the firm. But ClearRock may waive this requirement on a case-by-case basis.
ClearRock advisors are most experienced in asset management, but they can also provide financial planning services on a fixed- or hourly-fee basis. These may address such financial goals as saving for retirement, paying for your child’s college education through 529 plans, estate planning and more.
ClearRock Capital Background
CastleRock first opened its doors to the Ketchum community in 2007. Managing members James Everitt and Mark Eshman are the primary owners.
The firm extends its services on a fee-only basis. It doesn’t earn commissions or other types of payments by recommending or selling the investment products of third-party firms. Instead, it collects its compensation solely from the clients it serves.
ClearRock Capital Investing Strategy
ClearRock begins its investment advisory process by developing the client’s investment objective. This involves gathering information from the client to get a grasp of key factors like risk tolerance, tax situation, goals and the time expected to reach those goals. It then uses this data to construct portfolios diversified across different asset classes.
The firm generally allocates client assets among exchange-traded funds (ETFs), mutual funds, individual stocks and individual bonds.
If deemed appropriate, ClearRock may invest client assets based on its model portfolios. Each one has a specific objective. We list these models below:
- Diversified income
- Diversified conservative growth
- Diversified moderate growth
- Diversified aggressive growth
Located in Eagle, Continuum Advisory holds more than $412.12 million in assets under management (AUM). The firm works with a wide variety of clients. It serves individuals, high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities. Continuum doesn’t require a minimum investment for its services.
However, independent managers it works with may impose their own minimums.
Continuum can develop a comprehensive financial plan for you. Depending on your needs, it can provide advice and consultation regarding the following areas:
- Business planning
- Cash-flow forecasting
- Trust and estate planning
- Financial reporting
- Investment consulting
- Insurance planning
- Retirement planning
- Risk management
- Charitable giving
- Distribution planning
- Tax planning
- Manager due diligence
Continuum Advisory Background
Continuum Advisory formed in 2016. Timothy S. Kerrigan, Brian J. Damiani and Michael A. Kelly are the firm’s principal owners.
The firm may collect fees from different sources in addition to its clients. Continuum charges clients for its services for an AUM-based fee or on a fixed or hourly basis. Continuum's representatives may also be members of third-party firms. Those firms may pay them commissions or other forms of compensation for selling their products to clients.
Continuum Advisory Investing Strategy
Continuum mainly invests client assets in exchange-traded funds (ETFs), mutual funds and individual fixed income or equity as it deems appropriate, based on the client’s risk tolerance and investment goals.
Independent advisor representatives (IARs) of the firm may also recommend clients invest in other investment vehicles such as real-estate investment trusts (REITs), business development companies (BDCs) and privately placed securities.
In addition, Continuum can provide advice around other investments the client holds such as various college savings plans, annuity contracts and assets held in employer-sponsored retirement plans such as 401(k) plans.
Berkeley, Inc. makes our list with more than $236.5 million in assets under management (AUM). It mainly works with individuals, banks and thrift institutions, investment companies, pension and profit-sharing plans, trusts, estates, charitable organizations and businesses. Most of its clients are non-high-net-worth individuals, and you typically don’t need a minimum investment to conduct business.
However, the firm imposes a $2,500 minimum fee for ongoing asset management services. On a fee-only basis, the firm extends financial management on a range of topics, from budgeting to retirement and estate planning.
The team that offers this guidance holds several notable designations in the financial services industry. At Berkeley, you’d find three certified financial planners (CFPs), one chartered financial analyst (CFA) and one financial paraplanner qualified professional (FPQP).
Berkeley began operations in 1996. Advisors Michael Ling and P. Stephen White hold equal ownership of the firm and still provide services to their clients. The firm functions on a fee-only basis. So it earns compensation directly from its clients. It does not get paid by third-party firms for selling investment, insurance or other financial products. Neither Berkeley nor its advisors sell proprietary products.
Berkeley Investing Strategy
Berkeley generally relies on tactical asset-allocation strategies, using a combination of passive index funds, exchange-traded funds (ETFs) and actively managed funds. The firm may also add individual securities when the account size justifies it.
The firm evaluates these securities by employing several analytics strategies. For instance, it will examine stocks by exploring the financial health of the companies to which they are tied. It also tracks the performance of mutual funds and ETFs to guide its investment-making decisions.
The Helmstar Group, LLC
The Helmstar Group, based in Boise, lands on our list with more than $165.74 million in assets under management (AUM). It extends financial advice and asset management to individuals, including high-net-worth ones, trusts, estates, pension and profit-sharing plans, businesses and nonprofit organizations. Most of its client base consists of non-high-net-worth individuals, according to SEC data.
To open an account with the firm, you need a minimum investment of $500,000. The firm may waive this requirement in some cases.
When you work with the Helmstar Group, you can get advice from three certified financial planners (CFPs) and one chartered financial consultant (ChFC). These professionals and others can assist you with several aspects of your financial life including:
- Investment management
- Financial independence modeling
- Retirement and distribution planning
- Estate planning and wealth transfer strategies
- Asset allocation and custom portfolio design
- Risk management and asset protection strategies
- Tax minimization strategies and tax-efficient portfolio design
- Philanthropic planning strategies and enhancement
The Helmstar Group Background
The Helmstar Group has been helping people in the Boise community since 2007 and is owned by Benjamin Boettcher and Thomas Steelman. Both are still active with the firm.
The firm provides advice and investment management on a fee-only basis. Its compensation comes solely from its clients and not from any third-party firm. The Helmstar Group doesn’t sell proprietary products or that of outside affiliates in the financial services industry. While it may recommend the use of sub-advisors, Helmstar Group doesn’t earn compensation from such a recommendation.
The Helmstar Group Investment Strategy
The Helmstar Group takes several steps when designing its investment strategies. It focuses on the psychology of investors and the trends of the global financial markets among other points when making investment decisions. Its overall strategy is driven by the following factors:
Asset allocation - diversifying portfolios by investing in various asset classes to capture returns and protect against market volatility
Tax management - considering the tax implications on the client when making investing decisions
Continuous portfolio management - monitoring portfolios and making changes as needed
The Helmstar Group applies these core principles to its portfolio building process. It also takes into account the client’s personal goals, risk tolerance and other variables that may influence asset allocation.
In constructing portfolios, the firm primarily uses mutual funds and exchange-traded funds (ETFs). It may consider other securities if it believes they will help meet the client’s goals.