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Top Financial Advisors in Spokane, WA

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Finding a Top Financial Advisor Firm in Spokane, Washington

When your retirement and investment future are at stake, choosing a financial advisor is a daunting task. We made it easier by researching, compiling and discussing the top seven firms in Spokane, Washington. To expand your search, use SmartAsset's matching tool. We'll connect you with up to three advisors in your area. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Ten Capital Wealth Advisors, LLC Ten Capital Wealth Advisors, LLC logo Find an Advisor

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$798,040,682 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
2 Quantum Financial Planning Services Quantum Financial Planning Services logo Find an Advisor

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$386,509,335 $2,500 minimum annual fee for accounts below $250,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$2,500 minimum annual fee for accounts below $250,000

Financial Services

  • Financial planning services
  • Portfolio management
3 Northern Capital Management Northern Capital Management logo Find an Advisor

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$341,587,335 No set account minimum
  • Financial planning services
  • Portfolio management
  • Publication of periodicals/newsletters
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Publication of periodicals/newsletters
  • Educational seminars/workshops

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4 Columbia Advisory Partners, LLC Columbia Advisory Partners, LLC logo Find an Advisor

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$160,000,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
5 Financial Forum, Inc. Find an Advisor

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$182,508,594 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
6 John T. McCarthy, LLC John T. McCarthy, LLC logo Find an Advisor

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$133,000,000 No set account minimum
  • Financial planning services
  • Portfolio management
  • Financial education

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Financial education
7 Asset Planning & Management, Inc. Asset Planning & Management, Inc. logo Find an Advisor

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$117,266,150 $5,000 minimum annual fee
  • Portfolio management
  • Finacial planning
  • Educational seminars/workshops
  • Litigation support services

Minimum Assets

$5,000 minimum annual fee

Financial Services

  • Portfolio management
  • Finacial planning
  • Educational seminars/workshops
  • Litigation support services
8 Lodestone Wealth Management Lodestone Wealth Management logo Find an Advisor

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$128,834,869 $5,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$5,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors

How We Found the Top Financial Advisor Firms in Spokane, Washington

To find the top financial advisors in Spokane, Washington, 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:

Ten Capital Wealth Advisors, LLC

Ten Capital Wealth Advisors, LLC

Ten Capital Wealth Advisors, LLC moves to the top of the list this year. The team includes one certified financial planner (CFP).

The vast majority of clients do not have high net worths (595 don't vs. 116 do). The firm also serves trusts, estates, charities, pensions, profit-sharing plans, corporations, limited liability companies and other business entities. 

Ten Capital Wealth Advisors Background

Ten Capital Wealth Advisors originally started as Ten Capital Investment Advisors. It changed its name in 2018. CEO Tim Mitrovich is the primary owner. President Jake Timm has a small stake.

The practice provides investment management using third-party firms, including FinLife Partners, which offers a suite of digitally powered technology solutions. The firm may also use third-party money managers. Additionally, Ten Capital offers financial planning and consulting and retirement plan advisory services.

Ten Capital Wealth Advisors Investing Strategy

At Ten Capital, your assets will generally be invested in individual stocks or bonds, exchange-traded funds (ETFs), mutual funds and other public securities or investments. As mentioned earlier, it may recommend third-party sub-advisors. When assessing securities, the advisory uses charting, fundamental, technical and cyclical methods of analysis.

According to recent SEC data, assets under the firm's management were primarily invested in securities issued by registered investment companies (such as mutual funds) or business development companies (85%). The rest were invested in individual stocks (14%) and cash and cash equivalents (1%).

Quantum Financial Planning Services

Quantum Financial Planning Services

Founded in 1979, Quantum Financial Planning Services is the oldest on the list. The fee-only firm's team includes three certified financial planners (CFPs), one chartered retirement planning counselor (CRPC) and one chartered financial analyst (CFA). 

The firm doesn't explicitly require a minimum investment to open an account. However, it charges a minimum annual fee of $2,500 to clients with less than $250,000 in their accounts.

Quantum Financial Planning Services Background

Eric Christiansen is the majority owner of Quantum Financial Planning Services. He has been with the firm since 1995. He also serves as trustee on the Financial Education Public-Private Partnership (FEPPP) board. In addition, Christiansen is a current member of the Financial Planning Association (FPA).

Services include wealth management (which includes asset allocation, portfolio review and more), cash flow analysis, retirement planning, risk assessment, estate planning and specialized planning. 

Quantum Financial Planning Services Investment Strategy

This firm, like many financial advisors, uses strategic asset allocation as its primary investment strategy. This strategy is derived from Modern Portfolio Theory, which stresses the importance of broad diversification across asset classes to protect against risk while seeking gains. 

Each client will have a portfolio tailored to his or her situation. For example, if you have high cash flow needs, low risk tolerance and an investment horizon of 10 years, your portfolio will be completely different than someone with high risk tolerance and low cash flow needs. Your first few meetings with your advisor will draw out your financial objectives and investment factors needed to construct your portfolio. Quantum Financial Planning primarily invests in mutual funds, but will also provide advice on stocks, bonds and other securities. 

Northern Capital Management

Northern Capital Management

Northern Capital Management can trace its roots back to 1992. Today, it offers a comprehensive range of wealth and investment advisory services to individuals, families, corporations and foundations. Most individual clients do not have a high net worth

The financial planning services offered by the firm can touch on a wealth of topics, including developing cash flow plans, retirement planning and preparing for your children’s college expenses. It also helps clients build investment portfolios on a discretionary and non-discretionary basis. 

Northern Capital Management Background

Although the firm has been in business since the early '90s, Northern Capital Management adopted its current name back in 2003. James K. Wilson, who founded the company, remains a principal shareholder. He currently serves as CEO and president and is a certified financial planner (CFP). In total, the firm employs three advisors with CFP designations. 

Northern Capital Management Investing Philosophy

Northern Capital Management primarily invests client assets in no-load/non-commissioned investment vehicles, including mutual funds and exchange-traded funds (ETFs). This means sales charges and commissions won't reduce your account when you sell shares of funds.

In making investment decisions, the firm utilizes a range of resources and methodologies. These include research and analysis products by firms like Morningstar and fi360. The latter provides a fiduciary score on investments selected by the firm's investment committee.

Columbia Advisory Partners, LLC

Columbia Advisory Partners, LLC

Though Columbia Advisory Partners, LLC has been around since 2004, it began to offer investment advisory services starting in 2014. Previously, it only offered accounting services.

 With no minimum to open an investment account, the firm primarily serves clients who do not have a high net worth. In addition to asset management, the practice offers financial planning that can cover retirement planning, insurance, estate planning and college savings.

Columbia Advisory Partners Background

Steve Larsen founded the firm and serves as president. He owns the firm with VP Jeremy Russell, Chief Compliance Officer Kimberly Smith and Mark Foust, financial advisor. Larsen is a certified public accountant CPA and certified financial planner (CFP). The team also has a chartered financial analyst (CFA), another CFP and another CPA.

Several advisors are also insurance agents. In these non-advisor roles, they collect transaction-based commissions from third-party vendors. This has the potential to create a conflict of interest, though as an SEC-registered investment advisor, the practice has the fiduciary duty always to put clients' interests first.

Columbia Advisory Partners Investing Strategy

Like many firms, Columbia Advisory bases its strategy on Modern Portfolio Theory. As a result, it believes that with diversification, you can minimize risk and maximize returns. It primarily uses mutual funds representing various asset classes to diversify portfolios. Asset allocation software is utilized to determine the appropriate mix of asset classes for each portfolio and the firm says that it rigorously and regularly reviews mutual funds.

Financial Forum is a fee-based firm; some advisors work as insurance agents, potentially earning commissions. This is a conflict of interest, but all advisors must still act in the best interest of the client. Fees are generally based on a percentage of assets under management.

With the exception of one pension/profit sharing plan, all the clients at Financial Forum are individuals, all but a few dozen of which are not high-net-worth clients. There is no asset minimum, and the team of advisors includes one certified financial planner.

Financial Forum Background

Financial Forum was founded more than three decades ago, but first registered with the SEC in 2020. It is owned by Jeff Comstock and Landy Comstock.

Services offered include investment management, financial planning, asset management, education fonduning, tax management, retirement planning, estate planning and employee benefits.

Financial Forum Investment Strategy

Mutual funds make up around two-thirds of the investments at Financial Forum. Stocks, bonds, cash holdings and closed-end funds are also used to build portfolios for clients.

John T. McCarthy, LLC

John T. McCarthy LLC is a fee-only one man financial advisor shop. Individuals are the only clients of the firm and none of them are classified as high-net-worth. Fees are based on a percentage of assets under management with a minimum financial planning fee of $3,000. There is no minimum account size.

John. T. McCarthy is a certified financial planner (CFP) and a chartered financial consultant (ChFC).

John T. McCarthy Background

McCarthy is owned and operated by John T. McCarthy III. He founded the firm in 2001.

Services include financial planning, cash flow management, income tax review, investment allocation and investment review, life insurance planning and investment management.

John T. McCarthy Investment Strategy

Mutual funds and enquiries make up the majority of the investments McCarthy makes for clients, with bonds and cash holdings also employed.

Asset Planning & Wealth Management, Inc.

Asset Planning & Management, Inc.

Asset Planning & Wealth Management, Inc. provides a range of financial services to individuals and their families. The fee-only firm mainly works with individuals. About two-thirds of its clientele are high-net-worth individuals. 

The firm aims to provide comprehensive financial planning services. So it can help you with various aspects of your financial life from budgeting and debt repayment to retirement and estate planning. The firm doesn’t require a specific minimum investment, but you can face a minimum fee of $5,000 if you have a small balance. Asset-based fees with the firm range from 0.45% to 1.00%. 

Asset Planning & Wealth Management collects fees for its services only. So it doesn’t sell its own products or earn compensation from recommending certain securities or insurance products. This means it has fewer conflicts of interest than firms where advisors receive transaction-based fees. 

Asset Planning & Wealth Management Background 

Asset Planning & Wealth Management was founded in 1997 by owner Greer Gibson Bacon, who holds a certified financial planner (CFP) designation. The firm is the smallest on our list asset-wise and advisor-wise; Bacon is the only advisor here.  

Asset Planning & Wealth Management Investing Strategy 

Asset Planning & Wealth Management begins its investment advisory process with an investment policy statement. This document will detail your investment portfolio’s asset allocation. The firm invests most assets in individual securities and money market mutual funds. Each quarter, the firm will review your portfolio. 

Working with Asset Planning & Wealth Management, you’ll have access to six types of portfolios driven by specific themes: liquidity, income, balanced, growth with income and growth.

Lodestone Wealth Management

Lodestone Wealth Management is a fee-based advisor that also functions as a broker-dealer. This means advisors can also earn commissions selling securities. Though this is a conflict of interest, they still must act in the best interest of the client. Management fees are based on a percentage of assets under management.

The minimum account size is $5,000. Most clients at the firm are individuals, the majority of which do not have a high net worth. Institutional clients include pension/profit sharing plans and charitable organizations.

Lodestone Wealth Management Background

Lodestone was founded in 2009 and is 100% owned by founder Daniel Murphy. It has also been known as Murphy Investment Management.

Services include financial planning and investment supervisory services.

Lodestone Wealth Management Investment Strategy

Individual stocks and mutual funds both make up just under half of all investments at the firm. Cash holdings full out the total portfolio for clients.

How Long $1mm 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 analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research