Finding a Top Financial Advisor Firm in Mercer Island, Washington
It can be challenging to find the best financial advisor for your needs. That’s why we’ve identified the top advisory firms in the Mercer Island area. Our list compares each firm’s fee structure, advisory services, investment strategies, assets under management (AUM) and more. You can also use SmartAsset’s free financial advisor matching service to connect 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||Northwest Asset Management Find an Advisor||$3,232,723,892||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||S.R. Schill and Associates Inc. Find an Advisor||$262,452,307||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||EQ Wealth Management Find an Advisor||$486,899,703||$1,000,000|| || |
|4||The Fauser Group, LLC Find an Advisor||$168,994,517||$500,000|| || |
|5||The Planner's Edge LLC Find an Advisor||$147,864,886||No required minimum|| || |
Minimum AssetsNo required minimum
What We Use in Our Methodology
To find the top financial advisors in Mercer Island, 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 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.
Northwest Asset Management
Northwest Asset Management leads our list with a large staff of advisors managing billions in AUM. The firm serves more than 6,000 clients, which include non-high-net-worth and high-net-worth individuals, pension and profit-sharing plans, charitable organizations and corporations. Northwest Asset charges its clients asset-based, fixed, hourly and transaction-based fees.
The firm’s fee structure is fee-based, so advisors can gain commission-based compensation from the sale of insurance products. This can create a conflict of interest if advisors favor such products over client needs, but the firm’s fiduciary obligation prevents this.
Northwest Asset’s advisors offer an array of specialties, including the certified financial planner (CFP), chartered market technician (CMT), accredited investment fiduciary (AIF), retirement management analyst (RMA), certified investment management analyst (CIMA) and certified public accountant (CPA) designations. The firm has no set account minimum.
Northwest Asset Management Background
Founded in 2008, Northwest Asset functions as a private wealth management firm offering portfolio management, financial planning and consulting, pension consulting and educational seminar services.
The firm has a widespread presence throughout the country, with more than 10 offices located in Washington, Texas, California, Arizona and Minnesota. Northwest Asset’s managing partner and chief compliance officer (CCO) are Gregory Headrick, and Nelly O. Mubashi acts as the firm’s chief operating officer.
Northwest Asset Management Investment Strategy
Northwest Asset employs a range of investment methods when evaluating securities and studying market conditions. The firm utilizes fundamental and technical analysis, and advisors also use modern portfolio theory (MPT), asset allocations and portfolio rebalancing.
The firm generally invests in individual securities, exchange-traded funds (ETFs) and mutual funds. Northwest also describes on its website that its investment process includes defining goals, assessing risk, developing a strategy, employing the strategy and monitoring progress.
S.R. Schill & Associates
S.R. Schill & Associates provides a range of wealth advisory services to more than 500 clients on a fee-only basis. The firm’s clients are mainly non-high-net-worth and high-net-worth individuals, but advisors also serve pension and profit-sharing plans, charitable organizations and corporations. S.R. Schill has millions in AUM.
The firm has a small staff of advisors, whose qualifications include the chartered financial analyst (CFA), certified financial planner (CFP) and financial paraplanner qualified professional (FPQP) designations.
S.R. Schill doesn’t have a set account minimum, and it charges clients asset-based and fixed fees.
S.R. Schill & Associates Background
S.R. Schill has provided portfolio management, financial planning and pension consulting services since 1987. The family-run firm also offers retirement planning, education planning, insurance needs analysis, tax planning, estate planning, cash flow planning and business succession planning.
S.R. Schill & Associates Investment Strategy
S.R. Schill says it employs a long-term approach to portfolio management, and the firm utilizes low-cost ETFs to reduce client expenses and increase returns. Advisors also use fundamental, cyclical, charting and technical analysis to evaluate securities.
The firm also explains on its website that it diversifies client portfolios across nine sectors of the economy. S.R. Schill also allocates assets among U.S. stocks, international stocks, bonds and natural resources.
EQ Wealth Management
EQ Wealth Management is a fee-based firm with millions in AUM. The firm serves a large number of clients, from whom it requires asset-based fees for its advisory services. EQ’s advisors manage non-high-net-worth and high-net-worth individuals, corporations, trusts, estates and charitable organizations.
The certified investment analyst (CIMA), certified financial planner (CFP), certified public accountant (CPA) and personal financial specialist (PFS) designations are some of the qualifications EQ’s advisors offer. It’s also important to note the firm’s fee-based fee structure. This allows certain advisors to gain commissions from insurance products, creating a conflict of interest if advisors become incentivized to favor these products. The firm’s fiduciary obligation prevents this.
EQ imposes a minimum account size requirement of $1 million.
EQ Wealth Management Background
Founded in 2018 by Stephen P. Emanuels and J. Michael Quigley, EQ Wealth Management specializes in asset management and financial planning services. The firm’s financial planning services also feature recommendations in other areas of wealth management, including:
- Retirement planning
- Budgeting and cash flow planning
- Tax planning
- Trust and estate planning
- Education planning
- Insurance planning
- Debt management
- Risk management
EQ Wealth Management Investment Strategy
EQ says on its firm brochure that it aims to find investments with clear investment strategies that it believes will perform well in the future. The firm invests client assets in a range of securities, including mutual funds, exchange-traded funds (ETFs), stocks, bonds, notes, real estate investment trusts (REITs), options and futures.
Advisors primarily use fundamental and cyclical analysis when researching securities, and the firm’s investment strategies include portfolio diversification.
The Fauser Group
Last on our roundup is fee-only firm The Fauser Group. This firm manages millions in client assets and has the smallest staff of any firm on this list. New clients must meet a minimum account size requirement of $500,000, and the firm charges asset-based fees, hourly fees and fixed fees as part of its compensation arrangements.
The Fauser Group currently serves lots of clients, including individuals and high-net-worth individuals. The firm’s individual clients outnumber its high-net-worth clients.
The Fauser Group Background
Founded in 2016, The Fauser Group mainly provides investment advisory, asset management and financial planning and consulting services. The firm’s financial planning services also include the following:
- Retirement planning
- Investment planning
- Income tax planning
- Estate planning
- Education planning
- Risk management
The Fauser Group Investment Strategy
The Fauser Group says on its website that its long-term investment strategy focuses on the principles behind modern portfolio theory (MPT) and academic research that has shown that markets are efficient over long periods of time. The firm also says it mainly uses individual stocks and exchange-traded funds (ETFs) when employing its long-term strategies.
The Fauser Group additionally utilizes short-term purchasing strategies, margin transactions, trading and option writing.
The Planner's Edge
The Planner's Edge is a fee-only advisory firm with no minimum account size requirement to open an account. The firm offers portfolio management and financial planning services to individuals and trusts, primarily. As a fee-only firm, no advisors will receive commissions or additional compensation due to the sale of specific securities.
The Planner's Edge Background
The firm was founded in 2018 by Jeffrey Ross, who created the serious money approach. This approach is practiced by the firm and Jeffrey has written a book about how it works. He has obtained both his JD as well as his certified financial planner (CFP) certification. The firm has two advisors, which also include Deanna Nowadnick, and they collectively have more than $145 million in assets under management (AUM).
The Planner's Edge Investment Strategy
In addition to the serious money approach, The Planner's Edge practices a variety of analysis methods to help them select the right investments for each client's individual portfolio. These methods include fundamental and technical analysis methods. The firm believes in a diverse asset allocation approach that includes not just diversification but also routine rebalancing. Some of the types of investments often used in client accounts include mutual funds, exchange-traded funds (ETFs), stocks, bonds and more.