Finding a Top Financial Advisor Firm in Springfield, Missouri
The search for a financial advisor in Springfield, Missouri - or anywhere - can be daunting. How do you know that someone is qualified? How do you know if they have faced any disciplinary action from regulators? We did some of the initial hard work for you and narrowed the field to the top financial advisor firms in Springfield. Use our advisor matching tool to connect with up to three local fiduciary advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||BKD Wealth Advisors, LLC Find an Advisor||$3,703,993,084||$7,500 minimum annual fee|| || |
Minimum Assets$7,500 minimum annual fee
|2||HYA Advisors, Inc. Find an Advisor||$721,326,432||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Pinnacle Family Advisors, LLC Find an Advisor||$272,651,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
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How We Found the Top Financial Advisor Firms in Springfield, Missouri
To find the top financial advisors in Springfield, Missouri, 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:
BKD Wealth Advisors
BKD Wealth Advisors is a fee-based firm that provides portfolio management and financial planning services. Inside Public Accounting ranked it as among the "Best of the Best Firms" in 2020.
The firm’s advisors also offer accounting services that are separate from their advisory functions. In these cases, they charge additional fees. BKD does not impose a minimum account size requirement, though it does set a minimum annual fee of $7,500 for portfolio management services.
BKD Wealth Advisors Background
BKD Wealth Advisors first opened its doors in 1998. The firm is a wholly owned subsidiary of BKD, LLP. This is an accounting and financial advisory firm. BKD Wealth Management’s representatives can provide the following services:
- Wealth management
- Investment consulting
- Financial planning
- Benefit plan consulting
BKD Wealth Advisors Investing Strategy
BKD Wealth Advisors designs portfolios based on the risk tolerance and financial goals of the client. Its advisors adhere to modern portfolio theory, which says that diversifying portfolios can mitigate risk. Depending on your situation, your portfolio may invest in the following:
HYA Advisors is a financial advisory firm that offers financial planning and portfolio management services. It primarily works with non-high-net-worth individuals, though it also works with high-net-worth clients. However, you don’t need to maintain a minimum account size to receive investment advice.
The advisory team at HYA Advisors includes certified financial planners (CFPs), certified retirement plans specialists (CRPSs), an accredited investment fiduciary (AIF) and more. Some of these advisors are also broker-dealer representatives and earn transaction-based fees. This is a potential conflict of interest, but advisors are legally required to act in the best interests of clients.
HYA Advisors Background
HYA Advisors was formed in 1991. Its advisors build investment portfolios to help clients achieve their long-term financial goals. The team reviews these portfolios on a regular basis and makes adjustments if needed. They can also provide advice on the following topics:
- Debt management
- Renting real estate
- Risk management
- College funding
HYA Advisors Investment Strategy
Before HYA Advisors makes any investment recommendations, they carefully review the financial profile of the client. They consider factors like income, tax status and liquidation needs. They also determine the client's risk tolerance in order to design an appropriate asset allocation. Depending on your needs, your portfolio may invest in the following:
- Mutual funds
- Exchange-traded funds
- Real estate investment trusts
Pinnacle Family Advisors
Pinnacle Family Advisors is a fee-based firm with a staff that includes one certified financial planner (CFP). The firm doesn’t impose a minimum account size to receive investment management services. Its advisors primarily work with clients who do not have a high net worth. Other clients of the firm include high-net-worth individuals, businesses, investment companies, charities and retirement plans.
Some representatives are also members of other financial services firms and earn commissions from these firms when they sell their products. These non-advisor roles may create potential conflicts of interest. That said, as an SEC-registered firm, fee-based Pinnacle Family Advisors has a fiduciary duty to work in the best interests of its clients.
Pinnacle Family Advisors Background
Pinnacle Family Advisors was founded in 2007. Sean McCurry is the firm’s president, founder and primary shareholder. The team collectively has decades of experience in the financial services industry. They can provide the following services:
- Asset management services
- Family office and wealth planning services
- Mutual fund advisory services
- Sub-advisory services
- Selection of other advisors
- Pension consulting services
- Financial planning and consulting services
Pinnacle Family Advisors Investment Strategy
Pinnacle Family Advisors designs portfolios based on the risk tolerance of the client. They consider several factors such as the client’s financial situation and long-term goals before setting up an asset allocation strategy. When evaluating securities, the firm engages in a mix of fundamental and technical analyses.