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 extensive research into hundreds of firms, SmartAsset determined Phoenix’s top financial advisor firms and laid out in the tables and reviews below what sets those firms apart.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TFO Phoenix, Inc. Find an Advisor||$3,409,656,848||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Belpointe Asset Management, LLC Find an Advisor||$1,734,077,859||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Wall Capital Group, Inc. Find an Advisor||$1,440,546,205||$50,000|| || |
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|4||Versant Capital Management, Inc. Find an Advisor||$772,609,369||$2,000,000|| || |
|5||Windsor Capital Management, LLC Find an Advisor||$571,652,668||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||Hatton Consulting, Inc. Find an Advisor||$388,867,869||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Surevest Wealth Management Find an Advisor||$382,069,490||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|8||RTS Private Wealth Management Find an Advisor||$309,650,558||$1,000,000|| || |
|9||Ironwood Wealth Management, LLC Find an Advisor||$299,886,949||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Your Source Financial Find an Advisor||$278,631,639||No set account minimum|| || |
Minimum AssetsNo set account minimum
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. Then we sorted the remaining firms from most assets under management to least. All information is accurate as of the writing of this article.
TFO Phoenix, Inc.
Although TFO Phoenix, Inc. is the largest firm on this list, it does not have a minimum account size requirement. However, the fee-based firm has a minimum annual fee of $20,000.
There is a large team of advisory employees working in the offices of TFO Phoenix. This group includes several certified public accountants (CPAs) and certified financial planners (CFPs).
TFO Phoenix, Inc. Background
Firm president Chris Erblich created TFO Phoenix in 2011. Erblich has maintained principal ownership of his firm, though he does so via two trusts: CASK Irrevocable Trust U/A and TFO, Irrevocable Trust U/A. With around 25 years spent in financial services, Erblich is a veteran of the industry.
The double-digit number of CPAs at TFO Phoenix affords it an impressive array of tax professionals. Regardless of this distinction, the firm also offers investment management, comprehensive family office services, retirement plan services and consulting.
TFO Phoenix, Inc. Investing Approach
According to its Form ADV paperwork, TFO Phoenix believes that "diversification is key" when building a successful investment portfolio. While this appears to be especially important at TFO, this is a widely utilized investment principle that helps to mitigate risk by spreading clients' assets out across different areas of the market. Diversification is inherently opposed to stock-picking, which is a much riskier style of investing. Presumably, this is why TFO looks to diversify rather than identify specific securities to invest in.
Belpointe Asset Management, LLC
Belpointe Asset Management, LLC has a massive team of advisors on staff. Despite its size, this fee-based firm lacks any minimum account size requirements. The vast majority of Belpointe's client base consists of non-high-net-worth individuals, though it also maintains advisory relationships with high-net-worth individuals, trusts, businesses, charitable organizations and investment companies.
There are many advisory certifications throughout the team at Belpointe, including certified financial planners (CFPs), accredited asset management specialists (AAMSs) and certified private wealth advisors (CPWAs). Some of these advisors, however, may make commissions off the sale of insurance policies to clients. The firm does abide by fiduciary duty though, legally binding it to act in clients' best interests.
Belpointe Asset Management, LLC Background
Father-son duo Marty and Brandon Lacoff founded Belpointe Asset Management in Connecticut in 2007. Belpointe Financial Holdings, LLC, a holding company owned by Brandon Lacoff and firm president Greg Skidmore, is now the principal owner of Belpointe Asset Management.
Rather than employ a preset program of advisory services, Belpointe looks to personalize its services based on each client's needs. Its areas of focus include asset management, wealth management, financial planning, insurance services and more.
Belpointe Asset Management, LLC Investing Approach
The advisors at Belpointe Asset Management look to combine the strategies of multiple investment philosophies. This is done to ensure that the firm can incorporate all your needs accurately into your portfolio's construction. Stocks, mutual funds, index funds, high-grade corporate bonds and government bonds are some of Belpointe's usual investments.
Rather than approach each client's investment needs with a preconceived strategy in mind, the firm will take into account multiple important factors. These could include your personal risk tolerance, time horizon, liquidity needs and investment preferences.
Wall Capital Group, Inc.
Wall Capital Group, Inc., a fee-based firm, has a small team of advisors on staff, including a certified financial planner (CFP), a certified investment management analyst (CIMA) and a certified retirement counselor (CRC).
Wall Capital is well-known for serving public safety professional pension funds and public safety professionals themselves. Furthermore, many of the firm's employees are former police officers and firefighters.
A large percentage of Wall Capital Group's assets under management belongs to various institutions such as government entities, retirement plans and charitable organizations. However, more than three-quarters of the firm's client base consists of individuals, though most of them do not have a high net worth. There is a $50,000 account minimum at Wall Capital.
Wall Capital Group, Inc. Background
Wall Capital Group has been in business since 1990, making it one of the oldest firms on this list. President David Wall and Colleen Wall, his wife, co-founded the firm and remain equal owners to this day. Wall Capital was originally named Money Matters Financial Group, but it shifted to its current title in March of 2018.
There are three overarching categories of advisory services at Wall Capital Group: asset management, financial planning and investment consulting. Some of its specific offerings include retirement planning, tax planning, estate planning, education fund planning, discretionary portfolio management and more.
Wall Capital Group, Inc. Investing Strategy
The investing style of Wall Capital Group is a client-centric one, meaning it's based on the financial needs of its clients. This is most obviously seen in regards to risk tolerance, as the firm creates a strategic asset allocation that's built specifically for each client's risk profile. As your portfolio ages over the long-term, the firm will continuously rebalance your investments to ensure your asset allocation remains intact.
As a general statement, Wall Capital is heavily in favor of investing in exchange-traded funds (ETFs) and mutual funds. These securities are an interesting in-between in terms of risk, as they feature diversified groups of typically riskier investments, like stocks. This allows the firm to utilize some of those securities without taking on a large amount of risk.
Versant Capital Management, Inc.
Versant Capital Management, Inc. has the fourth most assets under management (AUM) on this list. The fee-only firm has one of the highest account minimums of any firm on this list: $2 million.
The firm offers an impressive array of expertise, as it boasts certified financial planners (CFPs) and a chartered financial analyst (CFA).
Versant Capital Management, Inc. Background
Tom Connelly, who has more than 30 years of experience in the financial industry, founded Versant Capital Management in 2004. Connelly remains the firm’s president and chief investment officer.
Two trusts, The Connelly Family Trust and The Elizabeth M. Shabaker Revocable Trust, own Versant Capital Management. Elizabeth Shabaker, who serves as a trustee for the latter trust, is a principal and the chief executive 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 it's meeting a client’s financial objectives.
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 minimum requirement 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.
Hatton Consulting, Inc.
Hatton Consulting, Inc. has no set account minimum. The firm works with a diverse range of clients, including executives, managers, business owners, pre-retirees, retirees, widows and widowers. It also works with pensions, profit sharing plans, charities and other businesses.
Hatton Consulting has both certified financial planners (CFPs) and accredited investment fiduciaries (AIF) on staff. Hatton Consulting is a fee-only firm.
Hatton Consulting, Inc. Background
Timothy Hatton, founder and president of Hatton Consulting, Inc., founded the firm in 2001.
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 complementary parts: 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.
Surevest Wealth Management
Surevest Wealth Management is the next firm on our list of the top financial advisors in Phoenix. The fee-only firm works with individuals both with and without a high net worth. About a third of its individual clients are high-net-worth individuals. It also works with a small number of charitable organizations.The firm has varying account minimums depending on the services to which you're subscribing.
Surevest Wealth Management is a fee-only firm, so it doesn't receive any third-party commissions. Therefore, it is not subject to a potential conflict of interest like a fee-based firm would be.
Surevest Wealth Management Background
Surevest in its current form opened its doors for business incredibly recently in January of 2020. However, the predecessor firm, Surevest, Inc., was founded in 2002. Aside from its main office in Phoenix, Surevest has offices in Las Vegas, Nevada, San Diego, California and Long Beach, California. The firm is owned by CI Financial Corp and Robert Luna. Luna is the firm's CEO, chief investment officer and chief compliance officer.
Surevest works with clients to provide asset management services, financial planning, financial consulting and high-net-worth family officr services. It provides a wrap fee program and manages the majority of its assets on a discretionary basis.
Surevest Wealth Management Investment Strategy
Clients that take advantage of Surevest's asset management services are granted individualized and tailored investment strategies. Clients are also permitted to place reasonable restrictions on how their assets are managed. However, advisors work with clients from the start of each relationship to determine their tolerance for risk, investment goals, liquidity needs and any other information that could be relevant to a client's financial profile.
Advisors may use a variety of assets to help craft client portfolios. Such investments include stocks, bonds, exchange-traded funds (ETFs), options, treasuries, mutual funds, commodities, real estate investment trusts (REITS) and occasionally alternative investments. Methods of analysis include fundamental, technical and quantitative.
RTS Private Wealth Management
RTS Private Wealth Management, or Robinson, Tigue, Sponcil & Associates, LLC, has a small team of advisors, including one certified financial planner (CFP).
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 in investable assets.
Fee-based 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/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 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 (ETFs), with an eye toward 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. The firm utilizes a variable account minimum that's dependent on the services you're looking for.
Advisory certifications at the firm include certified financial planner (CFP), chartered financial analyst (CFA), chartered financial consultant (ChFC), accredited investment fiduciary (AIF) and registered financial consultant (RFC).
Certain representatives of Ironwood Wealth Management are also insurance agents. This makes the firm fee-based. While these representatives may receive a commission for the sale of insurance products, the firm’s fiduciary duty requires it to 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 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
Rounding out our list of the top financial advisors in Phoenix, Arizona is Your Source Financial. This small firm works with a variety of clients, including both non-high-net-worth individuals and high-net-worth individuals. Other institutional clients include pensions, profit sharing plans and corporations. There isn't a set account minimum at the firm.
Fee-based Your Source Financial has advisors on staff who are also registered insurance agents. These advisors can receive commissions from selling insurance to clients, which is a potential conflict of interest. This conflict is mitigated only by the fact that the firm is a fiduciary that is legally obligated to act in the best interests of clients at all times.
Your Source Financial Background
Your Source Financial was founded in 2000 and has been open for business ever since. It is principally owned by both Raymond J. DiMuro and George R. Collett. Both gentlemen are partners at the firm and are certified financial planners (CFP). They are the only two financially certified individuals currently employed at the firm.
Your Source Financial provides clients with a range of services, including financial planning and investment supervisory services. Assets at the firm are managed on a primarily discretionary basis.
Your Source Financial Investment Strategy
Like most of the firms on our Phoenix list, Your Source Financial provides clients with investment strategies that are tailored to their individual needs as investors. Advisors meet with clients to determine their goals, objectives, limitations and any other significant data points. The firm may also take advantage of the services of certain third-party managers as well.
Advisors use a wide range of investments to populate client portfolios. These may include exchanged-listed securities, over-the-counter securities, foreign securities, certificates of deposit (CDs), corporate debt securities, municipal securities, mutual funds, exchange-traded funds (ETFs), government securities, managed futures, real estate investment trusts (REITs) and limited partnerships.