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. 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||TFO Phoenix, Inc. Find an Advisor||$2,405,430,200||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Wall Capital Group, Inc. Find an Advisor||$1,061,384,100||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Belpointe Asset Management, LLC Find an Advisor||$1,016,537,700||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Versant Capital Management, Inc. Find an Advisor||$909,281,600||$2,000,000|| || |
|5||Windsor Capital Management, LLC Find an Advisor||$530,434,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||Hatton Consulting, Inc. Find an Advisor||$336,400,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||KeatsConnelly Find an Advisor||$321,753,900||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|8||Pathlight Investors, LLC Find an Advisor||$305,763,900||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||RTS Private Wealth Management Find an Advisor||$268,091,400||$1,000,000|| || |
|10||Ironwood Wealth Management, LLC Find an Advisor||$244,410,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
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.
TFO Phoenix, Inc.
Although TFO Phoenix, Inc. is the largest firm on this list with $2.4 billion in assets under management (AUM), it does not have a minimum account size requirement. In fact, the fee-only firm used to institute a minimum annual fee, but it has since ditched it.
There are 31 advisory employees working in the offices of TFO Phoenix. This group includes 13 certified public accountants (CPAs), four certified financial planners (CFPs), one certified private wealth advisors (CPWA), one chartered alternative investment analyst (CAIA) and one chartered financial analyst (CFA).
The firm's president, Scott Horn, was named Barron's top Arizona financial advisor for 2017. Outside of this, Horn has managed to place within the top five Arizona financial advisors for four years running.
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.
Wall Capital Group, Inc.
Fee-only Wall Capital Group, Inc. takes second place on this list by a small margin, as it manages $1.06 billion compared to the $1.01 billion of Belpointe Asset Management, LLC. The fee-only firm has just four financial 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 no set 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.
Belpointe Asset Management, LLC
Belpointe Asset Management, LLC is the third-largest firm on this list with just over $1 billion in assets under management (AUM) and 72 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.
Belpointe is a big believer in the passive management of client portfolios as opposed to active management. The firm states that past history illustrates that actively managed investments often underperform benchmarks because of high trading fees and other factors.
Versant Capital Management, Inc.
Versant Capital Management, Inc. has the fourth most assets under management (AUM) on this list. The fee-only firm manages $909 million with 11 advisors on staff. What's more, Versant has one of the highest account minimums of any firm on this list: $2 million. It’s also one of the only firms on this list that serves a majority of high-net-worth clients.
The firm offers an impressive array of expertise, as it boasts five certified financial planners (CFPs), two chartered financial analysts (CFAs), one chartered alternative investment analyst (CAIA) and one certified public accountant/personal financial specialist (CPA/PFS).
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.
All three of the Hatton Consulting’s advisors are certified financial planners (CFPs). 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.
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 varying account minimums depending on the services to which you're subscribing.
KeatsConnelly has 15 advisors on staff, including eight certified financial planners (CFPs). It also has three certified public accountants (CPAs), one chartered financial analyst (CFA) and one certified financial consultant (CFC).
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 chairman of the board, and Dale Walters, the firm’s former 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.
Pathlight Investors, LLC
Pathlight Investors, LLC has no additional advisory certifications to its name. The firm also does not have a set account minimum. It primarily serves individuals and high-net-worth individuals.
As part of its fee schedule, Pathlight Investors collects commissions. Pathlight’s co-president and executive vice 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 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. Chairman Patsy Nodilo and co-presidents Martin Nodilo and Adrian Larson principally own the firm.
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 (ETFs) 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. In addition, the firm has a blog, which it mainly updtes with video posts.
RTS Private Wealth Management
RTS Private Wealth Management, or Robinson, Tigue, Sponcil & Associates, LLC, manages $268 million in client assets. It has just two advisors on staff, including one certified financial planner (CFP) 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 in investable assets.
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 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 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.
The firm has two certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered financial consultant (ChFC), one accredited investment fiduciary (AIF) and one registered financial consultant (RFC).
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 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.