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 who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Ten Capital Wealth Advisors, LLC Find an Advisor||$744,715,043||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Quantum Financial Planning Services, Inc. Find an Advisor||$457,310,722||$2,500 minimum annual fee for accounts below $250,000|| || |
Minimum Assets$2,500 minimum annual fee for accounts below $250,000
|3||Northern Capital Management Find an Advisor||$388,356,058||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||JMK & Associates, LLC Find an Advisor||$337,274,655||Varies by service|| || |
Minimum AssetsVaries by service
|5||Columbia Advisory Partners, LLC Find an Advisor||$221,500,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Vickerman Investment Advisors, Inc. Find an Advisor||$ 343,067,000||No minimum requirement|| || |
Minimum AssetsNo minimum requirement
|7||Lodestone Wealth Management Find an Advisor||$229,616,785||$5,000|| || |
|8||Financial Forum, Inc. Find an Advisor||$222,764,042||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Fortitude Financial LLC Find an Advisor||$206,470,519||$250,000|| || |
|10||John T. McCarthy, LLC Find an Advisor||$136,659,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Spokane, 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.
Ten Capital Wealth Advisors, LLC
Ten Capital Wealth Advisors tops our list this year. The team includes a certified financial planner (CFP). The vast majority of clients do not have high net worths. 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
Founded in 1979, Quantum Financial Planning Services is the oldest on the list. The fee-only firm's team includes some certified financial planners (CFPs), chartered retirement planning counselors (CRPC) and chartered financial analysts (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 a 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 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.
JMK & Associates
JMK & Associates is a fee-based advisory firm based in Spokane. The firm works with individuals, high-net-worth individuals, pension and profit-sharing plans and corporations. As a fee-based firm, its advisors may earn commissions for the sale of certain securities or insurance products. This could create a potential conflict of interest but both the firm and its advisors must abide by a fiduciary duty to put the needs of the client first.
The minimum account size varies based on the service received but it typically falls between $10,000 and $250,000. The services offered by the firm include:
Insurance and annuities
JMK & Associates Background
JMK & Associates was founded in 2013 by Jimmy King. Today, both Brandon Michaelson and Matt Lusk also serve as partners of the firm. Amongst the three advisors at the firm, they have more than $337 million in assets under management (AUM)
JMK & Associates Investment Strategy
The firm emphasizes continuous and regular account supervision for every client portfolio. Every client’s investment strategy is tailored to their individual needs. Most portfolios include these types of investments:
Exchange-traded funds (ETFs)
Other public and private securities
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.
Vickerman Investment Advisors
Vickerman Investment Advisors is a fee-based advisory firm that offers financial planning, portfolio management and tax preparation services. As a fee-based firm, its advisors may earn commissions for the sale of certain securities. While this creates a potential conflict of interest, the firm and its advisors are bound to act in the best interest of its clients through their fiduciary responsibilities.
There is no minimum requirement to open an account with the firm, but there may be a minimum fee based on the services you’re receiving.
Vickerman Investment Advisors Background
Vickerman Investment Advisors was founded in 2021 by Mike Vickerman. Previous to that, Mike was partnered with Kevin Driscoll at Vickerman & Driscoll. This firm was founded when Kevin retired. Mike’s title is CVO, or Chief Vision Officer. The firm has four investment advisors that collectively have more than $340 million in assets under management.
Vickerman Investment Advisors Investment Strategy
The firm has an investment philosophy that is based on the modern portfolio theory. This theory states that assets should be selected based on how they interact with one another. This takes out the analysis of investments in isolation and allows for, potentially, a greater long-term result.
Vickerman’s advisors work with individual clients to craft a specific portfolio strategy that meets their unique needs. Types of securities invested in may include equities, fixed-income, mutual funds, exchange-traded funds (ETFs), U.S. government securities, REITs and more.
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 makeup just under half of all investments at the firm. Cash holdings fill out the total portfolio for clients.
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 funding, 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.
Fortitude Financial is a fee-based advisory firm that is based in Spokane and offers the services of portfolio management, financial planning and tax preparation. Fee-based firms receive commissions for the sale of certain securities or insurance products. This creates a potential conflict of interest but the team at Fortitude is bound by its fiduciary duty to put the client and the client’s needs first at all times.
The firm has a minimum $250,000 account size to open an account and works with individuals, high-net-worth individuals, partnerships, corporations and other business entities.
Fortitude Financial Background
Fortitude Financial was founded in 2021 by Jeremy F. Lewis. The firm’s advisors collectively manage more than $200 million in assets under management (AUM) and have received multiple certifications. These certifications include the certified financial planner (CFP), chartered mutual fund counselor (CMFC) and retirement income certified professional (RICP).
Fortitude Financial Investment Strategy
The firm’s investment strategy is based on an asset allocation structure that has an emphasis on diversification. This is typically dedicated by dynamic macroeconomic factors. The firm’s analysis process takes the needs of each individual client into consideration and starts with a top-down approach followed by a bottom-up approach to identify the right investments.
The advisors at Fortitude use both fundamental and technical analysis approaches to evaluating investment opportunities. While the individual portfolio can have a number of different investment types, many will have a mix of mutual funds, exchange-traded funds (ETFs) and REITs.
John T. McCarthy
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 make up the majority of the investments McCarthy makes for clients, with bonds and cash holdings also employed.