Finding a Top Financial Advisor Firm in Lakewood, Colorado
Making the decision to work with a financial advisor is just the first step. The next steps, finding and choosing a financial advisor, can be difficult. To help you navigate the process, SmartAsset put together this list of the top firms in Lakewood, Colorado. We cover each firm's advisory services, client base, account minimums, investment strategies, certifications and any other facts that will help you decide which firm is best for you. For more options, try SmartAsset's free advisor matching tool. It will connect you with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Financial Security Management, Inc Find an Advisor||$416,316,640||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Mattern Capital Management, LLC Find an Advisor||$733,238,738||$1,000,000|| || |
|3||Bason Asset Management Find an Advisor||$590,387,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Hinds Financial Group Inc Find an Advisor||$399,461,671||$100,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Lakewood, 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 obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Financial Security Management
Topping our list is Financial Security Management, Inc (FSM), whose entire client base is made up of individuals, most of whom do not have high net worths. There is no specific minimum investment requirement to work with this firm.
The advisory team at this firm includes one certified financial planner (CFP) and one enrolled agent (EA). Note that this is considered a fee-based firm because certain on-staff advisors may receive commissions for selling insurance products to clients, which creates a potential conflict of interest. That said, the firm is a fiduciary, meaning it is legally required to act in clients' best interests.
Financial Security Management Background
FSM was founded in 1995. At first, the firm restricted its services to tax planning, but it soon began providing investment advice as well. The principal owners of the firm are Roy Gibson and Jeffrey Larkin. Jeffrey Torrison is also a shareholder, but he is no longer involved in the day-to-day business operations of the firm. Gibson and Larkin have more than five decades of wealth management experience between them.
The firm provides a range of services, including investment management, financial planning and tax preparation. In fact, several advisors here have experience tackling a variety of tax planning issues. The firm can also help you manage assets and investments held in an employer-sponsored 401(k) account.
Financial Security Management Investing Strategy
Financial Security Management provides both discretionary and non-discretionary investment management services. On an individual basis, the firm determinines investment profiles based on the preferences of each client. To ensure this is done appropriately, the firm will work with clients to figure out their risk tolerance, time horizon, investment goals and more. As your portfolio ages, the firm will rebalance your assets on an as-needed basis.
Advisors at this firm use a range of investments when it comes to crafting client portfolios. However, they tend to stick with equities, exchange-traded funds, bonds and mutual funds. The firm relies heavily on Modern Portfolio Theory to help inform their investment decisions and the handling of each portfolio's overall risk profile.
Mattern Capital Management
New to the list this year and placing second is fee-only firm Mattern Capital Management. Clients are mostly individuals, split relatively evenly between those with high net worths and not. Other clients include charities, insurance companies, corporations and qualified plan participants. There is a minimum household size of $1,000,000.
All the advisors on Mattern's small team are certified as certified financial planners (CFPs), with one qualified paraplanner financial professional (QPFP).
Mattern Capital Management Background
Mattern was founded in 2019 and is solely owned by principal Perry Mattern.
The firm offers a variety of financial services, ranging from discretionary investment management to financial consulting.
Mattern Capital Management Investment Strategy
Mattern advisors generally follow a combination passive/active asset allocation strategy, primarily constructing client portfolios from individual equity and debt securities, exchange-traded funds (ETFs) and institutional mutual funds, as well as separately management portfolios. On occasion the firm will also offer non-discretionary advice for inherited or legacy accounts.
Bason Asset Management
Bason Asset Management has a fairly small client base, so most of its assets under management (AUM) come from the fact that it works mostly with high-net-worth individuals. Other common clients of the firm are non-high-net-worth individuals and retirement plans. Just about anyone can technically work with the firm, as it does not require a minimum amount of investable assets to become a client.
As a fee-only firm, Bason Asset Management does not collect transaction-based fees from vendors. Instead, its only compensation is from client-paid advisory fees.
Bason Asset Management Background
James Osborne founded Bason Asset Management in 2012 and has been the face of the firm ever since. He is a certified financial planner (CFP) with over a decade of private wealth management experience under his belt. The firm's other advisor is McKenzie Ebbesen, who is also a CFP with specializations in investment advice, retirement planning, cash flow management, and comprehensive tax planning. Osborne is the principal owner of Bason Asset Management.
This firm offers individual-centric financial planning and investment management services, as well as ERISA retirement plan management services. Financial planning can include a wide variety of topics, such as estate planning and retirement planning. Bason's only forms of compensation are a quarterly retainer or fixed financial planning fees, which is a slight departure from the typical AUM-based nature of most advisory firms' fee schedules.
Bason Asset Management Investing Strategy
Bason Asset Management's primary goal is to provide investment strategies that fit the needs of each client. However, its general strategy may not fall in line with everyone's specific goals, as the firm generally avoids individual stock and bond investments. So while advisors explicitly take into account the risk tolerance, time horizon and financial goals of a client, they tend to limit investments and advice to open-end mutual funds and exchange-traded funds. That said, the firm states in its Form ADV that it will advise clients on individual stocks that they already own.
Bason's investment recommendations are comprehensive and make sure to account for robust asset allocation and rebalancing principles. The firm believes in the efficient market hypothesis and passive investing when it comes to strategizing. In turn, the firm places a significant emphasis on total portfolio planning over specific investment selection. Advisors look to reduce unnecessary volatility and risk wherever possible.
Hinds Financial Group
Closing out our list is Hinds Financial Group Inc. According to its website, advisors at this firm have experience working with physicians, attorneys, business owners, corporate executives and "individuals experiencing a major life event." As a result, the firm works almost exclusively with individual clients. To join forces with this firm, the minimum account balance requirement is $100,000, though the firm may waive the requirement at its discretion.
This firm's staff boasts a fair number of advisory certifications. At this firm, clients will find two certified financial planners (CFPs), a certified divorce financial analyst (CDFA), a chartered life underwriter (CLU) and a chartered financial consultant (ChFC).
Hinds is a fee-based firm, which in this case means some of its advisors can earn insurance and securities sales commissions in addition to advisory fees. While this can present a conflict of interest, the firm is legally bound by its fiduciary duty to act in clients' best interests.
Hinds Financial Group Background
Hinds Financial Group began offering advisory services in 2004. It is currently principally owned by firm president Cynthia Hinds and partner Jonathan Kelley. Hinds and Kelley have around 70 years of experience in the financial services industry between them.
The firm offers asset management and financial planning services to clients, along with some educational workshops. Financial planning typically entails business planning, estate planning, retirement planning and charitable gift planning. When it comes to asset management and portfolio plan implementation, the firm primarily operates on a discretionary basis.
Hinds Financial Group Investment Strategy
Hinds Financial Group tailors its financial advice and investment strategies to the individual needs of every client. This involves speaking extensively with new clients to determine an investment policy that is best suited for their specific time horizon, investment history, financial goals, risk tolerance and any other important factors. Following this, advisors will either create a new strategy or invest client assets according to one of the firm's model portfolios.
This firm continually monitors client portfolios and rebalances as necessary to ensure that the originally intended investment plans remain intact. When it comes to choosing investments, the firm relies heavily on fundamental analysis, technical analysis and Modern Portfolio Theory. When it comes to purchasing investments, advisors typically use a combination of long- and short-term purchases, though your time horizon will dictate which is utilized more.