Finding a Top Financial Advisor Firm in Mesa, Arizona
Because there are so many factors to consider when choosing a financial advisor firm, it can be a difficult to find the one that best matches your needs. In response to this challenge, SmartAsset created this list of the top Mesa financial advisor firms. Each firm’s characteristics, such as its account minimum, advisor certifications and fee structure, are organized in tables and reviews below so you can more easily compare what these firms offer. If you are interested in a more tailored recommendation, try SmartAsset’s financial advisor matching tool which will match you with an advisor in your area.
How We Found the Top Financial Advisor Firms in Mesa, Arizona
SmartAsset only considered financial advisor firms in Mesa, Arizona that are registered with the U.S. Securities and Exchange Commission (SEC) for this list. This was done in an effort to ensure all firms on this list are fiduciaries, which binds them to always act in clients’ best interests. Any Mesa firms that did not manage accounts for individuals, did not offer financial planning services or that had disciplinary issues on record with the SEC were removed from contention. The remaining firms are listed below, organized from the most assets under management (AUM) to the least.
Public Safety Financial/Galloway
Public Safety Financial/Galloway is a fee-based firm focused on working with military members, first responders and government employees at all levels. The firm’s client base includes both individuals and high-net-worth individuals, as well as trusts, estates, pension plans and state and municipal-level government entities.
The firm does not require a minimum amount of assets to open an account. There are four certified fund specialists (CFSs), one certified financial planner (CFP) and one chartered financial analyst (CFA) on staff.
Advisors at this firm may offer clients insurance policies, and sales could result in commissions for them. The firm is a fiduciary though, requiring it to act in your best interest no matter what.
Public Safety Financial/Galloway Background
Public Safety Financial/Galloway opened in 2006. It’s owned by Public Safety Financial, LLC, a financial services organization. Much of the advisory staff at this firm has spent more than 10 years in the financial industry.
Those who are newer to the business typically previously worked as first responders. Other staff members were government employees or in the military before joining the firm. For instance, CEO Mike Galloway is a former member of the U.S. Marine Corps and Mesa Police. Benefits coordinator Kevin Roche used to work at the Phoenix Fire Department, while CFO Cindy Lance was a member of the Mesa Police.
Public Safety Financial/Galloway built its service offerings based on the philosophy that it wants its clients to be able to make smart financial decisions on their own. As a result, the following services are available:
- Financial investment advice
- Pension consulting and maximization
- Pension buyback strategies
- Deferred compensation management
- Custom retirement and debt management strategies
- Portfolio asset allocation planning
- DROP rollovers and strategies
Another unique service the firm offers is the Public Safety Financial/Galloway Financial Wellness Academy, which focuses on educating both current and prospective clients on the steps they can take to achieve financial independence and a stable financial future. It is usually led by CEO Mike Galloway and one of the firm’s advisors.
Public Safety Financial/Galloway Investing Options
There are three account types you can open with this firm: all-inclusive portfolios, exchange-traded fund (ETF) active portfolios and ETF passive portfolios. All-inclusive portfolios consist of mutual funds, ETFs, equities, closed-end funds and real estate investment trusts (REITs). These portfolios offer a wide range of risk levels, depending on a client’s preferences, including: low risk, medium-low risk, medium risk, medium-high risk and high risk.
Active portfolios are almost totally made up of ETFs, though the firm does leave some room to add in mutual funds as it sees fit. With this account, you can only choose from medium, medium-high or high risk though.
The firm only uses ETFs in its passive portfolio accounts, unlike its active counterpart that may also use mutual funds. Passive portfolio accounts also span from medium to medium-high to high risk, with your level of risk tolerance ultimately determining your portfolio’s composition.
Financial Advisory Corporation
Financial Advisory Corporation (FAC) is a fee-based financial advisor firm. It has a varied group of advisor certifications, especially for a smaller firm. The firm has two chartered financial consultants (ChFCs), one registered financial planner (RFP), one accredited estate planner (AEP) and one certified wealth strategist (CWS) on staff.
Although about half of the firm’s clients are high-net-worth individuals, it does not require a minimum account size. FAC also has a history of managing finances for trusts, estates, corporations, qualified retirement plans and charitable organizations.
Some of the advisors at this firm are insurance agents who may earn commission from sales. The firm is a fiduciary though, so it is legally bound to act in your best interest.
Financial Advisory Corporation Background
Chairman Michael Staffieri established Financial Advisory Corporation in 1978, making it the older of the two firms on this list. It remains independently owned. Staffieri’s two sons, Markell Staffieri, co-CEO and president, and Matthew Staffieri, co-CEO and CIO, now principally own the firm.
The services offered by this firm reflect its belief that all clients’ financial needs are different. The firm can provide retirement planning, estate planning, tax minimization, risk management, portfolio analysis and evaluations of existing investment accounts.
Financial Advisory Corporation Investing Strategy
Financial Advisory Corporation believes that a long-term approach will best enable its clients to achieve their financial goals. In support of this, the firm primarily invests its clients’ assets in exchange-traded funds (ETFs), individual debt and equity securities, stocks, bonds, options, alternative investments and mutual funds.
How your funds are invested is determined not only by your advisor but also by your personal preferences. Your risk tolerance, time horizon and any applicable tax considerations are all taken into account when your portfolio is created.