Finding a Top Financial Advisor Firm in Phoenix, Arizona
Finding a top financial advisor is no easy task, so SmartAsset made it easier for Arizonans with this list of the top 10 financial advisor firms in Phoenix. Through dozens hours of research into hundreds of firm, SmartAsset determined Phoenix’s top financial advisor firms and laid out in the tables and reviews below what sets those firms apart. If you’re unsure of where to start, SmartAsset’s advisor matching tool can help you find the right advisor.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Versant Capital Management, Inc. Find an Advisor||$623,621,600|| |
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|2||Windsor Capital Management, LLC Find an Advisor||$530,434,000|| |
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|3||KeatsConnelly Find an Advisor||$305,167,600|| |
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|4||Hatton Consulting, Inc. Find an Advisor||$290,213,800|| |
No set account minimum
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No set account minimum
|5||Pathlight Investors, LLC Find an Advisor||$263,648,800|| |
No set account minimum
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No set account minimum
|6||RTS Private Wealth Management Find an Advisor||$239,811,400|| |
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|7||Ironwood Wealth Management, LLC Find an Advisor||$204,000,500|| |
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|8||Your Source Financial Find an Advisor||$187,635,900|| |
No set account minimum
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No set account minimum
|9||Heritage Wealth Management Find an Advisor||$159,290,000|| |
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|10||Barnes Investment Advisory Inc. Find an Advisor||$138,960,400|| |
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How We Found the Top Financial Advisor Firms in Phoenix, Arizona
To determine the top financial advisor firms in Phoenix, SmartAsset looked at all U.S. Securities and Exchange Commission (SEC)-registered firms in the metro area, as these firms have a fiduciary duty to act in their clients’ best interests. From those firms, we eliminated any that had disciplinary issues, to ensure that all of the firms that made the list had clean records. We also cut any firms that do not have financial planners or that do not manage individual accounts. The remaining firms were then sorted from most assets under management to least.
Versant Capital Management, Inc.
Versant Capital Management, Inc. has the most assets under management (AUM) of any firm on this list. The fee-only firm manages $623.6 million, which is a hundred million more than the second-ranking firm, Windsor Capital Management, LLC.
Versant Capital Management also has the highest account minimum of any firm on this list: $2 million. It’s the only firm on this list that serves a majority high-net-worth clients.
The firm brings a comparatively impressive array of expertise, with five certified financial planners (the second-most of any of these firms) and one certified public accountant/personal financial specialist (CPA/PFS). Versant Capital Management is also the only firm on this list that has an accredited domestic partnership advisor (ADPA) on staff.
Versant Capital Management, Inc. Background
Versant Capital Management was founded in 2004 by Tom Connelly, who has more than 30 years of experience in the financial industry. Connelly remains the firm’s president and chief investment officer.
Versant Capital Management is owned by two trusts: The Connelly Family Trust and The Elizabeth M. Shabaker Revocable Trust. Elizabeth Shabaker, who serves as a trustee for the latter trust, is a principal and chief operating officer at Versant Capital Management.
The word “versant” means experienced or practiced. The firm derived its name from this word to reflect its primary goal, which is to act as well-versed and highly knowledgeable advisors to its clients.
Versant Capital Management, Inc. Investing Philosophy
At Versant Capital Management, clients work directly with the firm’s chief investment officer. The firm’s investment model focuses on minimizing turnover, taxes, fees, proprietary products and changes in asset allocation.
First and foremost, the firm says it focuses on clients’ individual financial goals and risk tolerance when making investment decisions. The firm measures risk and success by whether a client’s financial objectives are being met.
Versant primarily invests its clients’ assets in equity securities, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities, stocks, bonds, exchange-traded funds and mutual funds. The firm emphasizes the importance of a broad diversification of asset classes and investing over the long term, to allow investments to grow over time.
Windsor Capital Management, LLC
Windsor Capital Management, LLC is a fee-only firm that specializes in equity, fixed-income and balanced portfolio management.
Windsor Capital Management’s account minimums depend on the style of portfolio management. For fixed-income style accounts the minimum is $200,000. For balanced style accounts it’s $400,000. The firm also offers web-based accounts, for which the account minimum is $5,000.
Windsor Capital Management, LLC Background
Windsor Capital Management, LLC was founded in 2000. The firm is principally owned by president and CEO Darren Whitehurst and chief investment officer Donald Peppler.
Windsor Capital Management offers traditional portfolio management services, web-based portfolio management services, advisory consulting services and advisory services to retirement plans. These services are offered on an individual basis or clients can opt for all of the above.
Though the firm’s website is pretty bare bones, it does have a blog that’s updated at least once a month that anyone can subscribe to. The firm also has its monthly newsletters posted online.
Windsor Capital Management, LLC Investing
Windsor Capital Management, LLC takes clients’ risk tolerances, time horizons and goals into consideration for its portfolio management services. However, the firm invests clients according to one or more of its model portfolios, which are designed for varying degrees of risk tolerance. Clients are not able to set restrictions on particular holdings, allocations or types of securities purchased.
Windsor Capital Management primarily recommends individual fixed-income and equity securities, exchange-traded funds and closed-end mutual funds. Notably, tax efficiency is not a top priority for the firm when it’s investing its clients’ assets. The firm advises that its clients consult a tax professional regarding the investment of their assets.
KeatsConnelly, also known as Keats, Connelly and Associates, LLC, is the largest cross-border wealth management firm in North America. The fee-only firm works with Canadians and Americans who live a cross-border lifestyle or are preparing to move to Canada from the U.S. or vice versa. The firm, which serves equal parts individuals and high-net-worth individuals, has a $300,000 account minimum.
KeatsConnelly is by far the largest firm on this list, with 14 advisors on staff. That’s twice the size of the next two largest firms on the list, Versant Capital Management, Inc. and Your Source Financial.
KeatsConnelly has six certified financial planners (CFPs), the most of any firm on this list. It also has three certified public accountants (CPAs), one certified financial consultant (CFC) and one certified senior advisor (CSA).
KeatsConnelly was formed in 2009. It’s a subsidiary of Keats, Connelly and Associates, Inc., which is owned by Robert Keats, the firm’s founder and executive director, and Dale Walters, the firm’s former president and CEO. Keats, Connelly and Associates, Inc. transitioned its advisory business to KeatsConnnelly when it was formed.
KeatsConnelly, which has cross-border tax and financial planning expertise, prides itself on the comprehensiveness of its investment management. The firm manages clients’ assets in Canada and the U.S., assists clients with moves from Canada to the U.S. and vice versa, provides planning services for a Canadian citizen living in the U.S. or a U.S. citizen living in Canada and offers U.S. and Canadian income tax preparation. The firm also provides planning services for cross-border business and trust structures.
For potential cross-border investors who want extra information, KeatsConnelly has plenty of it. The firm hosts workshops in Canada and the U.S. to guide people through how to live a cross-border lifestyle. The firm also offers a series of cross-border books, from Taxation of Americans in Canada to Taxation of Canadians in America. There’s also a cross-border forum, where people can chat about the complexities and challenges of the cross-border lifestyle.
Hatton Consulting, Inc.
Hatton Consulting, Inc. has no set account minimum. The firm works with a diverse range of clients, including executives and managers, business owners, pre-retirees and retirees and widows and widowers.
All three of the Hatton Consulting’s advisors are certified financial planners (CFPs). Hatton Consulting is a fee-only firm.
Hatton Consulting, Inc. Background
Hatton Consulting, Inc. was formed in 2001. The firm is owned by its founder and president, Timothy Hatton.
Hatton Consulting’s dedication to acting as a fiduciary is well documented. The firm’s founder is the author of the book, The New Fiduciary Standard, which outlines the steps wealth advisors should take to ensure they’re adhering to their fiduciary duty. Financial Advisor magazine also featured Hatton in its cover story, “The Art of Being Ethical.”
Hatton Consulting, Inc. Wealth Management Process
Hatton Consulting’s wealth management process is comprised of two parts that work together: an investment plan and a wealth management plan. The investment plan includes a client’s recommended asset allocation tailored to his or her time horizon, risk tolerance and goals. The wealth management plan fills in those essential details with strategies for things like tax planning, estate planning, risk management, insurance planning, asset protection and charitable gifting.
Both plans are the result of a four-step consulting process that includes a discovery meeting, an investment plan/mutual commitment meeting, the development of the wealth management plan and regular progress and annual review meetings.
Hatton Consulting primarily invests its clients’ assets in various mutual funds and fixed-income securities.
Pathlight Investors, LLC
Pathlight Investors, LLC is the only firm on this list whose staff does not have any additional certifications. The firm does not have a set account minimum. It primarily serves individuals.
Pathlight Investors is the only firm on this list that collects commissions. Pathlight’s senior vice president and president are also licensed insurance agents/brokers. They may recommend or sell insurance products to clients, which could present a potential conflict of interest as they earn insurance commissions. Pathlight Investors is a fiduciary, so it is required to always act in its clients’ best interests.
Pathlight Investors, LLC Background
Pathlight Investors, LLC was founded in 2009, making it one of the newer firms on this list. The firm is principally owned by CEO and portfolio manager Patsy Nodilo, president and portfolio manager Martin Nodilo and president and portfolio manager Adrian Larson.
Pathlight Investors, LLC provides investment management, wealth management and financial planning, which may include retirement and business planning, insurance, education, estate planning and tax and cash flow analysis. Pathlight Investors principally invests its clients’ assets in equities, fixed income, alternative investments and cash allocations. The firm’s advisors and investment policy committee decide the appropriate allocation based on conversations with the client regarding his or her financial goals and objectives, risk tolerance and time horizon.
The firm also offers an automated online investment management option that features a range of investment strategies centered on exchange-traded funds and cash allocation. Pathlight’s automated advisory services require an account minimum of $5,000.
Pathlight Investors, LLC Investment Resources
Other resources offered by the firm include its online platform, myPath, which allows clients to integrate all of their financial information into a customized webpage and get real-time updates on their portfolio. In addition to myPath, the firm also has a compilation of its research available on its website, including quarterly market and investment reviews. The firm also has a blog, which, uniquely, is mainly updated with video posts.
RTS Private Wealth Management
RTS Private Wealth Management, or Robinson, Tigue, Sponcil & Associates, LLC, is the smallest firm on this list. It has just two advisors on staff, including one certified financial planner and one certified public accountant (CPA).
RTS Private Wealth Management caters to people who are on the brink of retirement and looking for the right financial advisor to guide them through to that next chapter in their lives. To be a client, you’ll need at least $1 million.
RTS Private Wealth Management is separately licensed as an insurance agency and it receives commissions for the sale of insurance products to clients. However, as the firm is a fiduciary, it is first and foremost required to act in clients’ best interests.
RTS Private Wealth Management Background
Robinson, Tigue, Sponcil & Associates, LLC was founded in 2000. It’s owned by CEO and founder David Robinson, president Keith Tigue and CFO and CCO Lisa Sponcil.
The firm’s fiduciary wealth management approach is a three-part process that includes investment consulting, relationship management and advanced planning, which includes wealth enhancement, wealth transfer, wealth protection and charitable giving.
The process starts with a lengthy consultation process that includes a discovery meeting, an investment plan meeting, a mutual commitment meeting, a 45-day follow-up meeting and regular process meetings to review progress. Meanwhile, the firm also meets with a team of carefully selected experts including estate planning attorneys, CPAs and other professionals to get their input and apply it to your eventual wealth management plan.
RTS Private Wealth Management Investing Philosophy
RTS Private Wealth Management says it takes a conservative approach to portfolio management, and it aims to take into consideration clients’ financial goals as well as their lifestyle and family values. Portfolios are customized accordingly.
RTS Private Wealth Management says that it’s primary consideration in portfolio construction is effective asset allocation, followed by strategic sector allocation and then by individual security selection. The firm believes that each portfolio should contain a “core” actively managed segment, which will then be diversified across passively managed sub-asset classes. Client assets are primarily allocated among various individual equity and fixed-income securities, mutual funds and exchange-traded funds, with an eye towards long-term returns and below-average volatility.
Ironwood Wealth Management, LLC
Ironwood Wealth Management, LLC is a fee-based firm that specializes in helping retirees and pre-retirees to turn their nest egg into a lasting source of income. To be a client of the firm, you’ll need at least $250,000.
The firm has one certified financial planner (CFP), one registered financial consultant (RFC) and one certified trust and financial advisor (CTFA).
Certain representatives of Ironwood Wealth Management are also insurance agents. While these representatives may receive a commission for the sale of insurance products, the firm’s fiduciary duty requires it to first and foremost act in its clients’ best interests.
Ironwood Wealth Management, LLC Background
Ironwood Wealth Management, LLC was formed in 2006. The registered investment independent investment advisor is principally owned by three managing members, Cean Kenefick-Rogers, Alexander Marek and Rydan Case.
Ironwood’s wealth management plans include expertise on financial planning, retirement income planning, tax planning, life and disability insurance, business succession, intergenerational wealth transfer and philosophy. The firm also offers its Foundations Program, an automated, online investment management platform that can be used separately or that it may recommend to be used in conjunction with the firm’s traditional portfolios. Ironwood imposes a $5,000 account minimum for its Foundations Program.
Ironwood Wealth Management, LLC Investment Process
Ironwood Wealth Management’s investment process includes five steps. First, the firm creates a written investment policy statement that defines a client’s goals, risk tolerance and time horizon, which it translates into the framework for a well-diversified asset mix.
Ironwood then turns to asset allocation, which it believes is a key determinant of portfolio performance. Ironwood then selects which securities it will use for that client’s portfolio. It primarily allocates client investment assets among mutual funds and exchange-traded funds.
From there, Ironwood monitors and evaluates the portfolio and continually rebalances it as the markets fluctuate and adjust.
Your Source Financial
Your Source Financial is one of two firms on this list that has no set account minimum, alongside Hatton Consulting, Inc. Your Source Financial’s client base is composed of equal parts individuals and high-net-worth individuals. The fee-based firm has two certified financial planners (CFPs) on staff.
Like several firms on this list, Your Source Financial also offers insurance services. Your Source Financial can help its clients get health insurance, fixed annuities, disability and long-term care policies from independent and unaffiliated companies. It also has representatives on staff who are licensed independent insurance agents and who may receive commissions for the sale of insurance products. While this may present a potential conflict of interest, the firm is bound by its fiduciary duty to put its’ clients best interests first.
Your Source Financial Background
Founded in 2000, Your Source Financial is principally owned by the firm’s partners, Raymond DiMuro and George Collett.
Your Source Financial offers investment management, financial planning, insurance and risk management, comprehensive accounting and tax services, employee benefit plans and business planning. The firm believes in a fully integrated approach to wealth management and all of these offerings may intersect.
Your Source Financial Investment Approach
In Your Source Financial’s opinion, proper diversification is the “cornerstone” to successfully navigating the financial markets. The firm advises that a properly diversified portfolio “should always have some components going up and some components going down, no matter how ‘good’ or ‘bad’ the market is.”
Your Source Financial takes a top-down portfolio management style, which means it first looks at the bigger economic picture and market conditions and then decides which companies, industries and sectors to invest its clients in. This decisions is also guided by clients’ individual risk tolerances, time horizons and goals. The firm uses various types of securities, including foreign securities, mutual funds, exchange-traded funds, exchange-listed securities, over-the-counter securities, CDs, corporate debt securities, municipal securities, U.S. government securities, managed futures, real estate investment trusts and limited partnerships.
Heritage Wealth Management
Unlike every other firm on this list, Heritage Wealth Management’s client base does not include any high-net-worth individuals. The firm, which requires an account minimum of $50,000, has a decent array of expertise, including two certified financial planners (CFPs), seven certified public accountants (CPAs), one financial risk manager (FRM) and one certified plan financial advisor (CPFA).
Heritage Wealth Management is the newest firm on this list by about two years. It was founded in 2011.
Certain representatives at the firm are licensed insurance agents, and they may recommend insurance products to clients if they determine its in their best interest. Though these representatives may be compensated by commissions for selling these products, as a fiduciary the firm required to put its clients’ best interests first.
Heritage Wealth Management Background
Founded in 2011, Heritage Wealth Management is part of a family of companies that’s owned by a group of individuals. Other companies in the group include an accounting firm, an insurance agency, a law firm and another wealth management firm.
Heritage Wealth Management fits into that suite of services. As part of its wealth management services, the firm offers financial planning, IRA solutions, retirement planning, education planning, long-term care and insurance planning, debt management, tax strategies, wealth transfer and alternative investment solutions.
Heritage Wealth Management Investing Approach
As is the case with many of the other firms on this list, Heritage Wealth Management customizes its investment plans according to clients’ individual time horizons, risk tolerances and goals. Clients have the ability to ask for restrictions on how their account is managed, such as if they do or don’t want to include particular investment types.
Heritage Wealth Management typically invests its clients’ assets in mutual funds, equities, bonds, options, other debt securities, exchange-traded funds (ETFs), real estate, insurance products including annuities, private placements, government securities, exchange-traded notes (ETNs) and real estate investment trusts (REITs).
Barnes Investment Advisory Inc.
This husband-and-wife-owned firm is the oldest firm on this list. Founded in 1989, Barnes Investment Advisory, Inc. is the only firm of these 10 that was not established in the 2000s.
Barnes Investment Advisory has two certified financial planners (CFPs) on staff, which is an impressive number considering it has only three advisors on staff. To be a client of this fee-only firm you’ll need at least $5,000.
Barnes Investment Advisory Inc. Background
Founded in 1989, Barnes Investment Advisory Inc. is wholly owned by the Stephen and Kathie Barnes Trust. The trustees are the firm’s founders, Stephen Barnes, vice president and chief compliance officer, and Kathie Barnes, president and relationship manager.
One of the key tenets that Barnes prides itself on is the fact that it isn’t afraid to give clients a nudge in the right direction. Rather than simply providing advice, the firm says it provides “consistent nudging” to help its clients do the right things for their financial situation.
Barnes Investment Advisory Inc. Wealth in Balance®
Wealth in Balance® is Barnes Investment Advisory’s approach to wealth management. Rather than treating financial planning and investment management independently, the firm views those services as two equally important sides of a coin.
Barnes offers both managed and automated investment programs. The firm’s investment philosophy is based on six principles:
- Results are dependent on behavior.
- Invest for the long term.
- Pay a reasonable price for investments.
- Diversify adequately but not excessively.
- Define “risk” as the probability that assets will not meet long-term objectives.
- Consider investment returns on an after-tax basis.
Barnes Investment Advisory divides its clients into four primary asset classes: liquidity, which includes cash and cash equivalents; fixed income, which includes bonds and preferred stock; equities, which includes common stock of domestic or foreign issuers and other, which includes any asset that does not fit into the aforementioned categories but that it believes fits into the firm’s overall objective to maximize after-tax returns over a complete market cycle while preserving wealth.