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 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.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TFO Phoenix, Inc. Find an Advisor||$3,575,981,952||$20,000 minimum annual fee|| || |
Minimum Assets$20,000 minimum annual fee
|2||Wall Capital Group, Inc. Find an Advisor||$1,596,647,807||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Versant Capital Management, Inc. Find an Advisor||$849,995,557||$2,000,000|| || |
|4||Heritage Wealth Management, LLC Find an Advisor||$590,516,414||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Windsor Capital Management, LLC Find an Advisor||$26,371,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||Your Source Financial Find an Advisor||$281,415,812||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Perspective Financial Services, LLC Find an Advisor||$230,745,340||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Redwood Private Wealth Find an Advisor||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Intrinsic Value Partners, LLC Find an Advisor||$183,383,721||$10,000 minimum fee|| || |
Minimum Assets$10,000 minimum fee
|10||Bledsoe Asset Management Find an Advisor||$135,271,892||$50,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Phoenix, 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.
Although TFO Phoenix is the largest firm on this list, it does not have a traditional minimum account size requirement. However, the fee-only firm has a minimum annual fee of $20,000, which may make its services cost-prohibitive for certain clients. The firm may choose to waive this minimum fee, though.
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), as well as a certified private wealth advisor (CPWA), a chartered alternative investment analyst (CAIA), a chartered financial analyst (CFA) and a certified wealth strategist (CWS).
TFO Phoenix 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 Investing Strategy
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.
Wall Capital Group
Wall Capital Group 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). This fee-only firm 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. Wall Capital recently removed its $50,000 minimum asset requirement, though it still prefers clients who have at least that much to invest.
Wall Capital Group 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 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
Despite holding the third spot on our list, Versant Capital Management is still one of the largest in terms of assets under management. The fee-only firm has one of the highest account minimums of any firm on this list at $2 million. However, the firm may be willing to waive or reduce this requirement under certain circumstances.
The firm boasts an impressive array of expertise, as it employs certified financial planners (CFPs), chartered financial analysts (CFAs) and more. Generally speaking, these advisors work with individuals both with and without a high net worth, retirement plans, charities and businesses.
Versant Capital Management 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 (CIO). 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, is a principal and CEO at Versant.
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 Investing Philosophy
At Versant Capital Management, clients work directly with the firm’s CIO. 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 (ETFs) 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.
Heritage Wealth Management
Heritage Wealth Management takes the fifth spot on our list. The firm's client base is dominated by individuals with less than a high net worth, though it also works with high-net-worth individuals, charitable organizations and businesses. The firm does not have a minimum account size.
The advisory staff at this firm boasts a number of certifications. These include certified financial planner (CFP), certified public accountant (CPA), chartered alternative investment analyst (CAIA), certified plan fiduciary advisor (CPFA), chartered life underwriter (CLU), chartered financial consultant (ChFC) and more.
As a fee-based firm, certain advisors at Heritage can receive commissions when they sell insurance to clients. While this creates a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests, no matter what.
Heritage Wealth Management Background
Heritage Wealth Management is owned by four employees of the firm: president Michael Frost, CEO Ralph Nelson, chief operating officer (COO) David Maxey and director of advanced planning Jared Williams. The firm has been in business since 2011.
This firm divides its services into four main categories: Wealth, Tax, Insurance and Law. Wealth is the most comprehensive, as it covers investing and financial planning.
Heritage Wealth Management Investing Strategy
Heritage Wealth Management manages its clients' investment portfolios based on the specifics of their current situation and future needs. As a result, the firm will work with clients to determine their risk tolerance, time horizon, liquidity needs, short- and long-term goals and more. These factors will inform what kind of asset allocation the firm uses with your funds.
The firm will perform ongoing supervision to your portfolio as it ages. Depending on how your goals or the market changes, the firm may decide to buy or sell investments are certain times. Your advisor might also consider rebuilding your asset allocation.
Windsor Capital Management
Windsor Capital Management is a fee-only firm that specializes in equity, fixed-income and balanced portfolio management. The firm works with an even split of high-net-worth and non-high-net-worth individual clients, as well as businesses, retirement plans and charitable organizations.
Windsor Capital Management’s account minimums depend on the style of portfolio management. For fixed-income accounts, the minimum is $200,000. For balanced accounts, it’s $400,000.
Windsor Capital Management Background
Windsor Capital Management was founded in 2000. The firm is principally owned by president and CEO Darren Whitehurst and chief investment officer (CIO) Donald Peppler. The firm has secondary offices in Oak Brook, Illinois and Greenwood Village, Colorado.
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 Investing
Windsor Capital Management 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 (ETFs) 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.
Your Source Financial
Next up on our list of the top financial advisors in Phoenix is Your Source Financial. This small firm works with a variety of clients, including both non-high-net-worth and high-net-worth individuals. Other institutional clients include retirement plans and corporations. There isn't a set account minimum at the firm, so technically just about anyone can become a client.
This fee-based firm has advisors on staff who are also registered insurance agents. These advisors can receive commissions for selling insurance to clients, which is a potential conflict of interest. This is mitigated 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 DiMuro and Collett are partners at the firm and are certified financial planners (CFPs).
Your Source Financial provides clients with a range of services. These include financial planning and investment advisory services. Assets at the firm are managed on a primarily discretionary basis.
Your Source Financial Investment Strategy
Like most of the firms on this 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.
Perspective Financial Services
Fee-only Perspective Financial Services earns all of its compensation from client-paid fees and not third-party commissions. These clients include both high-net-worth and non-high-net-worth individuals, with the latter outnumbering the former. This firm does not have a minimum asset requirement for new clients.
Despite being a fairly small operation, the team of advisors at Perspective has a fair amount of designations. In fact, there are two certified financial planners (CFPs), one accredited investment fiduciary (AIF) and one master of business administration (MBA).
Perspective Financial Services Background
Perspective Financial Services has been in business for nearly two decades, as it was originally established in 2003. The firm is principally owned by founder, president, lead financial planner and chief compliance officer (CCO) Michael P. McCann. McCann has about 30 years' experience in the financial services industry.
This firm divides its services into four proprietary groupings:
- Pacesetter: Includes investment management and self-service financial planning
- Wealth Builder: Includes investment management and personalized, advisor-led financial planning
- Income Director: Includes investment management and personal retirement planning and estate planning
- Legacy Creator: Includes investment management and personal retirement planning, estate planning, long-term care planning, tax planning and more
Perspective Financial Services Investing Strategy
Custom portfolio creation is the premier investing service at Perspective Financial Services. In turn, you and your advisor will meet to figure out exactly what type of investor you are. Based on these findings, the firm will develop a personalized investment plan that's intended to help you reach your short- and long-term goals. This service is available on both a discretionary and non-discretionary basis.As your portfolio's returns develop, the firm may rebalance it if your original asset allocation falls out of place.
Redwood Private Wealth
Redwood Private Wealth is a fee-based firm which works almost exclusively with individuals, the vast majority of whom are not high-net-worth clients. The only institutional clients at the firm are pension/profit sharing plans and corporations.
Some advisors at Redwood are insurance agents, meaning they can earn commissions for selling insurance products. This is a conflict of interest, but all employees are still bound to act in the best interest of the client when serving as an advisor. Investment management fees are based on a percentage of assets under management.
There is no set account minimum.
Redwood Private Wealth Background
Redwood was founded in 2021. It is owned by NCAZ Financial Holdings, LLC.
Financial services include portfolio management, financial planning and consulting.
Redwood Private Wealth Investment Strategy
Nearly three-quarters of all money managed by Redwood is invested in mutual funds. The rest is split between stocks, bonds and cash holdings.
Intrinsic Value Partners, LLC
Intrinsic Value Partners is a fee-only firm with a minimum fee of $10,000 annually. The firm works with individuals nearly exclusively, split nearly evenly between high-net-worth clients and non-high-net-worth clients. The only institutional clients at the firm are a small number of pension and profit sharing plans.
Investment management fees are based on a percentage of assets under management. Hourly and fixed fees are also used.
The team at IVP includes two chartered financial advisors (CFAs) and one certified financial planner (CFP).
Intrinsic Value Partners Background
IVP was founded in 2012 by Carter A. Pearl and Daniel S. Flack, both of whom remain principals at the firm.
Services include investment management, financial planning and consulting services.
Intrinsic Value Partners Investment Strategy
More than half of the money managed by IVP is invested in individual stocks, while around a third is put into various mutual funds. The rest is held in cash and cash equivalents, with no money invested in individual bonds.
Bledsoe Asset Management is a fee-only firm requiring at least $50,000 assets to start an account. Clients of the firm include only individuals, the majority of whom do not qualify as high-net-worth.
Fees for asset management are based on a percentage of assets under management, while financial planning services are paid for on an hourly basis.
The team includes two certified financial planners (CFPs) and one certified public accountant (CPA).
Bledsoe Asset Management Background
BAM was founded in 2000 and is owned by Frank “Skip” Jackson, who also serves as an advisor.
Services offered at the firm include asset management, financial benefit analysis, financial planning, education planning, retirement planning and consulting services.
Bledsoe Asset Management Investment Strategy
Nearly all of the money managed by advisors at BAM is invested in mutual funds. A small amount is put into individual stocks and some is held as cash.