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 options. We cover everything you need to know like fees, services, account minimums and more. The SmartAsset free financial advisor matching tool can connect you with up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mountain Pacific Investment Advisers, LLC Find an Advisor||$1,653,736,293||$1,000,000|| || |
|2||Petso Financial Consultants, LLC Find an Advisor||$991,626,000||$25,000|| || |
|3||RW Investment Management, LLC Find an Advisor||$1,246,721,037||$100 minimum annual fee|| || |
Minimum Assets$100 minimum annual fee
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|4||Pinkerton Retirement Specialists, LLC Find an Advisor||$763,630,994||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||Buffington Mohr McNeal Find an Advisor||$735,088,041||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Aspen Capital Management Find an Advisor||$785,038,007||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Perspective Wealth Partners, LLC Find an Advisor||$367,373,582||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Onyx Financial Advisors, LLC Find an Advisor||$260,634,932||$500,000|| || |
|9||Berkeley, Inc. Find an Advisor||$268,000,000||$2,500 minimum annual fee|| || |
Minimum Assets$2,500 minimum annual fee
|10||The Helmstar Group, LLC Find an Advisor||$259,237,115||$500,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Idaho, we first identified all firms registered with the SEC in the state. 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.
Mountain Pacific Investment Advisers
At the top of our list is Mountain Pacific Investment Advisers. The firm offers services to individuals with and without a high net worth, estates, trusts, businesses, retirement plans, charities and non-profits. However, most of the firm’s current clients are high net worth. The team at Mountain Pacific features two certified public accountants (CPAs), one certified financial planner (CFP) and one chartered financial analyst (CFA).
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.
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.
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.
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.
Petso Financial Consultants
Petso Financial Consultants is a Boise-based firm. 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, and estates. Additionally, it works with retirement plans. The firm's staff features four certified financial planners (CFPs).
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 requires a minimum portfolio size of $25,000 for ongoing investment management. However, the firm may waive this requirement at its discretion.
Petso Financial Consultants Background
Petso Financial Consultants opened in 2001. Founder David S. Petso remains the sole owner. With more than 30 years in the financial services industry, he holds the CFP designation.
The firm offers asset management and financial planning services. Depending on your needs, its advisors may offer advice around income planning, retirement planning, tax management, estate conservation, college funding, charitable giving and employee benefits. In addition, the firm can recommend partners that specialize in subjects such as tax planning, mortgages and various types of insurance.
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 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.
RW Investment Management
The next Boise-based firm making our list is RW Investment Management. This fee-based firm’s advisors are equipped to serve individuals with and without a high net worth, trusts, estates, charitable organizations, retirement plans and businesses.
Some of the advisors here may earn commissions for selling financial products, like insurance, to their clients. However, the firm legally must uphold a fiduciary standard to work in your best interest at all times.
RW’s advisory team includes three certified financial planners (CFPs), two chartered financial analysts (CFAs) and one certified public accountant (CPA).
RW Investment Management Background
RW Investment Management opened in 2014, and Ryan Warwick, Raleigh Vachek, Kimberly Jaques and Melissa Jenkins own the firm. Formerly named Rathbone Warwick Investment Management, the firm merged with Perpetual Group to become RW Investment Management.
This firm provides portfolio management and stand-alone financial planning services. Depending on your needs, your financial plan may cover various topics like retirement planning, estate planning, business succession planning, education funding, mortgage/debt analysis, insurance analysis and charitable giving.
RW Investment Management Investing Strategy
RW Investment Management creates portfolios that reflect clients’ risk tolerance, time horizon and investment goals. These portfolios generally adhere to a long-term approach, with modern portfolio theory being their overarching backbone. This popular investment philosophy attempts to maximize returns for a given risk level.
The portfolio RW uses with its clients may include a variety of potential securities. These include equities, fixed-income securities, ETFs, alternative investments, money market funds and more.
Pinkerton Retirement Specialists
Pinkerton Retirement Specialists (PRS) makes our list in the fourth spot. The firm provides services to non-high-net-worth individuals, high-net-worth individuals, retirement plans, trusts and estates. For PRS’ Comprehensive Wealth Management program, the firm requires a household minimum account size of $500,000. The minimum for its ePortfolio service is lower at $200,000.
PRS is a fee-only firm, which means all of its compensation comes from client-paid fees.
Pinkerton Retirement Specialists Background
Pinkerton Retirement Specialists has been in business since 1987. Managing Partner Dan Pinkerton and his wife, Kathryn Pinkerton, serve as the owners. Advisors at PRS hold an extremely wide range of certifications, including eight certified financial planners (CFPs), three registered financial consultants (RFCs), two certified portfolio managers (CPMs), one chartered financial analyst (CFA), one certified kingdom advisor (CKA), four certified estate and trust specialists (CESs), two certified fund specialists (CFSs), one accredited investment fiduciary (AIF) and one accredited investment fiduciary advisor (AIFA).
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.
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 portfolio models as it deems appropriate to its clients based on their individual situation. Here's an example of a few:
- 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.
Buffington Mohr McNeal
Buffington Mohr McNeal is a financial services firm based in Boise. The firm’s clients include non-high-net-worth individuals, high-net-worth individuals, trusts, estates, retirement plans, businesses, government entities and charities. Most of the firm’s clients fall outside the high-net-worth scope. You don’t need to meet a minimum account size to start a relationship with the firm.
This firm 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. Advisors also hold several notable certifications in the financial services industry. The team features two certified financial planners (CFPs), one certified public accountant (CPA) and one chartered financial analyst (CFA).
Buffington Mohr McNeal Background
Buffington Mohr McNeal was formed in 1998. Co-founders Bruce R. Mohr and Carey McNeal serve as the principal owners today, since third co-founder M. Dean Buffington sold his stake in 2014.
Advisors on the team specialize in a variety of financial planning matters including tax planning, retirement savings and estate management.
Buffington Mohr McNeal Investing Strategy
Buffington Mohr McNeal’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. Advisors use 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).
Aspen Capital Management
Aspen Capital Management is a fee-only firm based in Boise. It offers asset management services to individuals, trusts, estates, retirement plans and charitable organizations. You don’t need a minimum account size to receive advice or open an account with Aspen Capital.
As for compensation arrangements, 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 relationships.
Aspen Capital Management Background
Aspen Capital Management was founded in 2002. Its current owners are founder and lead financial advisor Mike Mers and his wide, Lori Mers.
The firm's 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.
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.
Perspective Wealth Partners
Perspective Wealth Partners is headquartered in Boise. The firm has no minimum investment requirements, which means just about anyone can become a client. The firm's client base is mostly individual-centric, with individuals above and below the high-net-worth threshold dominating its makeup. It also maintains advisory relationships with a few charitable organizations.
This fee-only firm's website does not list any certifications for its advisory staff, such as certified financial planner (CFP).
Perspective Wealth Partners Background
Perspective Wealth Partners is owned by its founder and president, James Bailey. Bailey originally opened the firm on his own back in 2006.
Comprehensive wealth management is the premier service available at Perspective. This involves retirement planning, investment management, existing asset analysis, risk management and more.
Perspective Wealth Partners Investing Strategy
Perspective Wealth Partners tailors each and every client portfolio to what they want and need. More specifically, portfolios are designed to factor in your risk tolerance, time horizon, long- and short-term financial goals, liquidity needs and more. Based on these insights, a personalized asset allocation will be built, along with a road map for how your investments will be managed.
As your investments earn rewards, your original asset allocation may fall out of place in varying amounts and area. To combat this, the firm and your advisor will rebalance your portfolio in order to keep your asset allocation intact.
Onyx Financial Advisors
Idaho Falls-based Onyx Financial Advisors is a fee-only firm, which means all of its compensation comes from client-paid fees and not financial product sales commissions. Every advisor who works at Onyx holds at least one certification. In fact, every advisor is either a certified public accoutant (CPA), personal financial specialist (PFS), certified financial planner (CFP) or some combination of the three.
Advisors here work almost exclusively with individuals. These clients are divided nearly evenly between those with and without a high net worth. Institutional clients of the firm include businesses, charities and retirement plans.
Onyx Financial Advisors Background
Onyx Financial Advisors has been around for nearly two decades, as it was established back in 2005. Through various other companies, the firm is indirectly owned by Kenneth Simpson, Renita Simpson, Terry Roe, Deborah Roe, Aaron Sautter, Candace Sautter and Lyndsay Goody. Most of these owners are employees of Onyx.
Financial planning and investment management can be had either together through "wealth management," or on a stand-alone basis. Financial plans can cover things like retirement planning, education fund planning, charitable gift planning and more.
Onyx Financial Advisors Investing Strategy
According to its Form ADV, Onyx Financial Advisors bases its investment ideology on a few different principles, which are:
- Markets are efficient, and the asset allocation will determine the expected return of a portfolio.
- Diversification reduces uncompensated risk.
- Higher expected returns come with higher expected volatility.
- Investments should be managed based on sound academic research, not attempts to time the market.
- Portfolios should be built with assets that capture the appropriate elements of the market as efficiently as possible.
Generally speaking, the firm tends to invest with the long term in mind.
Berkeley, Inc. comes in next on our list. It only works with individuals, as well as their trusts, estates and charitable organizations. Most of its clients are non-high-net-worth individuals, and you must adhere to the firm's $2,500 minimum annual fee if you want to be a client.
The firm functions on a fee-only basis. In turn, it earns compensation directly and solely from its clients. It does not get paid by third-party firms for selling investment, insurance or other financial products.
The team of advisors here holds several notable designations in the financial services industry. You’ll find two certified financial planners (CFPs) and one chartered financial analyst (CFA).
Berkeley, Inc. Background
Berkeley, Inc. began operations in 1996. Lead advisors Michael Ling and P. Stephen White hold equal ownership of the firm and still provide services to their clients.
On a fee-only basis, the firm extends financial management on a range of topics, from budgeting to retirement and estate planning.
Berkeley, Inc. Investing Strategy
Berkeley, Inc. 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
Despite its size, The Helmstar Group has a large and diverse client base. It's headlined by individuals, most of whom do not have a high net worth. Retirement plans, charities and government entities round out its client base. The firm has a $500,000 minimum account size, though it may be willing to accept clients who have less than that amount.
The staff of advisors here has a few advisory designations to their name. In fact, there are chartered financial consultants (ChFCs), certified financial planners (CFPs) and certified public accountants (CPAs).
Helmstar is a fee-based firm. In turn, some advisors can sell insurance products on a commission basis, which is a potential conflict of interest. Despite this, the firm must abide by its fiduciary duty, legally binding it to act in clients' best interests.
The Helmstar Group Background
The Helmstar Group opened in 2007. Its founders, Ben Boettcher and Tom Steelman, still work at and own the firm.
Financial planning and investment management are both available to individual clients of Helmstar. These services can cover estate planning, retirement planning, tax minimization, philanthropic gift planning, custom portfolio design and more.
The Helmstar Group Investing Strategy
The Helmstar Group designs all client portfolios around a specific asset allocation plan. This means the firm will predetermine what you portfolio's complexion will look like in terms of investment and market choices. These are chosen based on your risk tolerance, financial goals, income needs, time horizon and any other relevant factors.
Generally speaking, Helmstart invests in some combination of stocks, municipal bonds, U.S. government bonds, corporate bonds, real estate and cash equivalents.