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Top Financial Advisors in New Mexico

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding the Top Financial Advisors in New Mexico 

If you’re trying to find a financial advisor in New Mexico, SmartAsset can help. We did all the initial research for you, digging through financial firm data and pulling fundamentals such as assets under management (AUM), fees and investment strategy. Then we put the info together, here, for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms in New Mexico. Then use SmartAsset’s free financial advisor matching tool to connect with advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Ulrich Investment Consultants Ulrich Investment Consultants logo Find an Advisor

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$1,982,200,342 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
2 REDW Wealth, LLC REDW Wealth, LLC logo Find an Advisor

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$955,100,555 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars
  • Tax preparation

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars
  • Tax preparation
3 John Moore & Associates, Inc. John Moore & Associates, Inc. logo Find an Advisor

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$784,705,786 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
4 Spence Asset Management Spence Asset Management logo Find an Advisor

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$593,131,793 $50,000
  • Financial planning
  • Portfolio management

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
5 Portfolio Wealth Advisors Portfolio Wealth Advisors logo Find an Advisor

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$284,994,743 $250,000
  • Financial planning
  • Portfolio management
  • Financial consulting

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Financial consulting
6 LongView Asset Management, LLC LongView Asset Management, LLC logo Find an Advisor

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$238,768,447 $500,000
  • Financial planning
  • Portfolio management
  • Retirement plan services

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Retirement plan services
7 Better Money Decisions Better Money Decisions logo Find an Advisor

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$199,457,431 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
8 Hanseatic Management Services, Inc. Hanseatic Management Services, Inc. logo Find an Advisor

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$140,000,000 $100,000
  • Financial planning
  • Portfolio management
  • Model portfolio provider

Minimum Assets

$100,000

Financial Services

  • Financial planning
  • Portfolio management
  • Model portfolio provider
9 Santa Fe Advisors, LLC Santa Fe Advisors, LLC logo Find an Advisor

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$182,517,000 $1,000,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
10 Horizons Sustainable Financial Services Horizons Sustainable Financial Services logo Find an Advisor

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$115,530,573 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Educational seminars/workshops

What We Use in Our Methodology

To find the top financial advisors in New Mexico, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Ulrich Investment Consultants

Located in Albuquerque, Ulrich Investment Consultants (UIC) tops our list with with more than $1 billion in assets under management (AUM). The firm specializes in software-backed financial planning strategies and investment portfolio management. 

You don’t need a minimum investment to establish a relationship. 

That said, SEC records show most of the firm’s current clients are non-high-net-worth individuals. The fee-based firm works with high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans, charities, businesses and sovereign governments. 

Ulrich Investment Consultants Background 

UIC was founded in 2007. John P. Ulrich serves as the principal owner. He previously served major investment roles at firms like Sovereign Investment Advisors. 

UIC operates as an open-architecture firm. So when you work with the firm, you have access to numerous outside partners who can help you meet your financial goals. It also utilizes different software and tools to help its clients. 

For instance, the firm utilizes a private financial portal powered by e-Money to perform an analysis of your financial situation and recommend the appropriate adjustments. This analysis may address some or all six of the following financial planning areas of focus established by the National Endowment for Financial Education and endorsed by the Certified Financial Planner Board of Standards:

  • Financial position
  • Protection planning
  • Investment planning
  • Income tax planning
  • Retirement planning
  • Estate planning

UIC may earn fees from several sources. It can charge you fees based on a portion of your AUM for investment management services. It may also charge you financial planning fees on a fixed or hourly basis. In addition, UIC may collect commissions and other types of compensation from third-party affiliates for selling or recommending their products.

Ulrich Investment Consultants Investing Strategy 

UIC looks to create diversified investment portfolios, based on your individual circumstances such as risk tolerance and time horizon. It invests in a variety of different asset classes including mutual funds, exchange-traded funds (ETFs), index funds and alternative investments. In evaluating these securities, the firm turns to several different sources such as market and financial data published by major firms like Morningstar and Callan Associates. 

The firm generally selects investment managers for client portfolios. Or it may turn to Natitxix Managed Portfolio Advisors. According to its website, this strategic implementation partner, provides various portfolio overlay services and active portfolio rebalancing driven by technology and experienced advisors.

REDW Wealth

REDW Wealth is a fee-only firm that works with both high-net-worth individuals and non-high-net-worth individuals, as well as pension and profit-sharing plans, charities and corporations. There is no account minimum balance for clients.

The firm’s advisors can create a comprehensive financial plan to help you address aspects of your financial life based on your individual needs. This plan may cover: 

  • Retirement planning
  • Estate planning
  • Business management
  • Investing
  • Strategic tax services
  • Risk management
  • Stock option and cash-flow planning
  • Social Security benefits 

REDW Wealth Background 

REDW Wealth first opened its doors to the Albuquerque community in 1997 as Rogoff & Stanley Financial Advisors. It adopted its current name in 2000, when it registered with the SEC as an investment advisor. 

As a fee-only firm, advisors earn fees solely from clients for services rendered. They do not earn commissions from third-party firms for selling annuities, insurance, stocks, bonds, mutual funds or other products. 

REDW Wealth Investing Strategy

REDW Wealth emphasizes strategic asset allocation when it comes to investing. This means it seeks to create diversified portfolios that adhere to your individual circumstances such as risk profile and personal goals.

To meet these goals, the firm may invest your assets in a mix of the following: 

  • Exchange-traded funds (ETFs)
  • Index funds
  • Real estate investment trusts (REITs)
  • Actively managed funds
  • Individual stocks and bonds 

In evaluating these investments, the firm turns to several different sources of information such as financial media, fund prospectuses and research published by third parties.

John Moore & Associates, Inc.

John Moore & Associates, Inc., is a fee-based firm that serves high-net-worth and non-high-net-worth clients, pension and profit-sharing plans, charities and corporations. It has no minimum account balance requirements.

The firm’s advisory team holds multiple certifications, including the accredited asset management specialist (AAMS), accredited investment advisor (AIF), certified financial planner (CFP), certified investment management analyst (CIMA) and certified kingdom advisor (CKA) designations. 

John Moore & Associates Background

John Moore founded his namesake firm in 1997. He and financial planner Brian Chochran and their families own the practice directly and through trusts. 

The firm only offers investment management services through a variety of asset allocation models, including equity, fixed income and balanced.

John Moore & Associates Investing Strategy 

John Moore & Associates can establish a diversified portfolio that adheres to your individual risk tolerance, investment goals and time horizon.

When evaluating securities, the firm examines the potential of companies it may invest in based on their earnings, debt, competitors and other information. It uses several resources of information including financial newspapers and magazines as well as industry research published by third parties.

Spence Asset Management

Spence Asset Management is a fee-only firm that generally requires a minimum investment of $50,000 to establish a relationship.

Spence Asset works with high-net-worth and non-high-net-worth individuals, pensions and profit-sharing plans, charities, municipal governments and corporations. 

The firm can design a holistic financial plan to meet your individual needs. Its advisors specialize in delivering advice around the following financial topics: 

  • Portfolio management
  • Estate planning
  • Retirement savings
  • College funding through vehicles like 529 plans
  • Cash management

The team at Spence Asset features two chartered financial analysts (CFAs) and one certified financial planner (CFP). 

Spence Asset Management Background 

Spence Asset Management was founded in 1992 as Lord, Spence & Associates. It adopted its current name in 2000. Eric Walton, a long-time employee, currently serves as the primary owner. 

Spence Asset Management is a fee-only firm. So its compensation comes solely from its clients. The firm charges an asset-based fee for portfolio management services and hourly or fixed fees for stand-alone financial planning services. 

Spence Asset Management Investing Strategy

Spence Asset Management employs a variety of portfolio models. Each has its own asset allocation and objective. The firm may invest your assets in one it deems appropriate for you based on your individual financial situation and goals. These models include: 

  • The Stock Management Discipline FOCUS Equity - This model is designed for those seeking aggressive growth, this strategy primarily invests in common stocks traded on U.S. based exchanges to maximize return and decrease turnover.
  • The Income Management Discipline - This model invests in different fixed-income securities such as short, intermediate and long-term bonds, municipal bonds, closed-end funds and open-end funds. 
  • The Balanced FOCUS Discipline - This model combines equity and income strategies to create an asset allocation that seeks moderate growth.
  • No-load Fund Discipline - As the same suggests, this model invests in no-load mutual funds, which the firm uses in an active management strategy.

The firm uses various sources to analyze the securities it invests in as well as overall market conditions. This includes readily available info like financial media and industry research.

Portfolio Wealth Advisors

Portfolio Wealth Advisors is a fee-only firm works with high-net-worth and non-high-net-worth individuals.  

This firm charges clients one rate based on assets. Those between $250,000 and $999,999 pay 1.5% of assets under management. Those between $1 million and $4,999,999 pay 1.1%. And those over $5 million pay 0.85%.

The firm says that it currently requires a $1.5 million asset minimum.

For its advisory services, the firm mainly charges asset-base fees and hourly fees. 

Portfolio Wealth Advisors Background

Established in 2008, Portfolio Wealth primarily provides financial planning, portfolio management and financial planning services. The firm also uses wrap fee programs to manage accounts on a discretionary basis.

Lee E. Munson is the firm’s owner. 

Portfolio Wealth Advisors Investing Strategy 

Portfolio Wealth says on its brochure that it uses a combination of fundamental analysis and technical analysis to assess risk and global market opportunities. 

This firm typically invests client assets in mutual funds, exchange-traded funds (ETFs), stocks and bonds.

LongView Asset Management, LLC

LongView Asset Management is a fee-only firm that works with high-net-worth and non-high-net-worth individuals, as well as charities. 

The firm specializes in social investing and retirement planning. 

LongView Asset generally provides financial planning in conjunction with portfolio management, as opposed to stand-alone services. 

The firm generally requires you to maintain a minimum investment of $500,000. But it may waive this requirement at its discretion. 

LongView Asset Management Background 

LongView Asset formed in 2002. Chief Compliance Officer David A. Cantor and Principal Harlan Flint currently own it. Cantor has been in the financial services industry since the 1980s. 

As a fee-only firm, advisors earn compensation directly from client fees. They do not collect commissions from any third-party firms. 

LongView Asset Management Investing Strategy 

LongView Asset offers two portfolio models. Its actively managed model seeks to exploit market trends for stronger returns. The firm would apply this strategy to a portfolio that reflects your risk tolerance, investment goals and other personal factors. 

The firm also offers LongView ESG Direct, an automated investment program that utilizes ESG-based mutual funds, exchange-traded funds (ETFs) and a cash allocation. It’s generally available only to clients who can’t meet the minimum investment requirement.

Better Money Decisions

Better Money Decisions has no minimum asset or income level requirement. However, it does impose a minimum fixed fee of $1,500 for financial planning services and another minimum fixed fee of $1,250 quarterly for financial subscription services. 

For clients with more than $300,000 engaging in portfolio management services, the firm charges a percentage of assets under management that ranges between 1.25% and 0.75%.

The fee-only firm works with high-net-worth and non-high-net-worth individuals, as well as charities.

Better Money Decisions Background

CEO Lorraine Ell is the majority owner of the firm that's been in operation since 2014. She is the author of "Bozos, Monsters and Whiz-bangs: Bad Advice from Financial Advisors and How to Avoid It!". She leads a team that includes three certified financial planners (CFPs).

The firm offers portfolio management on a discretionary or non-discretionary basis. It also provides comprehensive financial planning.

Better Money Decisions Investing Strategy

The firm says that it emphasizes risk control, "believing that avoid losses allows appreciation potential of equities to be realized." As a result, it looks for value, safety and quality when making investment decisions. Securities it uses include bonds, equities, mutual funds and exchange traded funds (ETFs).

Hanseatic Management Services, Inc.

Hanseatic Management Services Inc. is a fee-only advisor requiring a minimum account size of $100,000 for individual clients and $1 million for institutional clients. For model portfolio services, however, the firm imposes a minimum requirement of $10 million. 

Hanseatic serves high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans, other investment advisors and corporations.

For advisory services, the firm charges a percentage of asset-based fees and fixed fees for other services. 

Hanseatic Management Services Background

Hanseatic was established in Albuquerque in 1995. The firm’s advisory services feature portfolio management, financial planning, investment advice and model portfolio services. 

Russell T. Sanderson and Brian R. Stangel are the firm’s two owners. 

Hanseatic Management Services Investing Strategy

Hanseatic utilizes a proprietary, quantitative model when making investment decisions. The firm says its process is applicable and repeatable across asset classes, market conditions, sectors and geographies. 

Hanseatic uses several strategies in its investment process, including the following: domestic equity strategies, targeted risk strategies, dynamic strategies, Non-US equity strategies and cash management Strategies.

Santa Fe Advisors, LLC

Santa Fe Advisors (SFA) is a fee-only firm that serves with high-net-worth clients and non-high-net-worth clients, as well as pension and profit-sharing plans and charities.

The firm typically imposes a minimum account balance of $1 million to engage in investment management services. Clients engaging only in financial planning services will need $3 million in investable assets.

The firm says each of these requirements are waivable under certain circumstances. SFA charges clients engaging in investment management services a percentage of assets under management ranging between 1% for the first $1 million and 0.35% for assets over $10 million. Fees for clients with non-discretionary investment accounts range from 1.25% for the first $1 million to 0.50% for assets over $10 million.

As a fee-only financial firm, advisors get compensation from client fees and do not take transaction-based fees such as sales commissions.

Santa Fe Advisors Background

Founded in 2014, Santa Fe Advisors currently has three principal owners: partners David Marion, Kristina Alley and David Kantor. Alley is a certified financial planner (CFP) and Marion is a chartered financial analyst (CFA). The trio has decades of wealth management experience between them.

SFA offers investment management and financial planning services. Financial planning typically goes hand-in-hand with the firm’s investment management services, but they are also available on a stand-alone basis.

Santa Fe Advisors Investment Strategy

Each client relationship at Santa Fe Advisors begins with a detailed discussion to determine the client’s preferences and objectives. Advisors then use this information to design portfolios that suit each client. The firm looks to manage risk, taking into account each client’s risk tolerance. It also usually takes a long-term approach and allows clients to accept or reject specific investment decisions.

All prospective investments are analyzed on an individual basis. However, advisors primarily use mutual funds and exchange-traded funds (ETFs) to construct clients' portfolios, while also relying on hedge funds and separately managed accounts (SMAs) where appropriate.

Horizons Sustainable Financial Services

Horizons Sustainable Financial is a fee-based firm. Some advisors sell insurance and earn commissions, which could be a conflict of interest for clients. But all advisors must adhere to the firm's fiduciary obligations that put the client’s interests first.

Most clients at the firm are high-net-worth and non-high-net-worth. It also works with pension and profit-sharing plans and charities.

Fees at Horizons can be charged hourly or based on a percentage of assets under management. No account minimum applies.

Horizons Sustainable Financial Background

Horizons was founded in 2013. The firm is owned by Kimberly Griego-Kiel and Jogann Klassen.

Services include:

  • investment management
  • financial planning
  • retirement planning
  • risk management
  • employee benefits
  • tax planning strategies
  • education planning
  • estate planning
  • investment consultation
  • periodic reviews

Horizons Sustainable Financial Investment Strategy

Mutual fund investments make up the majority of the assets under management at Horizons. Non exchange-traded equities make up around a quarter of the investments at the firm -- a higher percentage than is common. Stocks, bonds and cash holdings are used as well.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.