Finding a Top Financial Advisor Firm in Tucson, Arizona
Choosing a financial advisor can be a tough task. SmartAsset made it easier by taking all the largest firms in the Tucson metro area and sorting through each one. Below, we discuss the details of each of the top firms to help you with your decision. To find an individual advisor, use SmartAsset’s financial advisor matching tool, which will pair you up with financial advisors near you based on your needs. For information on every advisor in your area, explore SmartAdvisor Match.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TCI Wealth Advisors, Inc. Find an Advisor||$2,464,227,049||$1,000 minimum annual fee|| || |
Minimum Assets$1,000 minimum annual fee
|2||GR Financial Group, LLC Find an Advisor||$389,708,100||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Sterling Investment Management, Inc. Find an Advisor||$270,121,700||$500,000|| || |
|4||Cambridge Financial Group, LLC Find an Advisor||$240,561,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Nova Financial Services Find an Advisor||$210,446,900||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Raskob Kambourian Financial Advisors, Ltd. Find an Advisor||$191,943,500||$5,400 minimum annual fee|| || |
Minimum Assets$5,400 minimum annual fee
|7||Ironwood Financial, LLC Find an Advisor||$175,030,500||$250,000|| || |
|8||Allied Portfolio Management, Inc. Find an Advisor||$163,401,900||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Capital West Partners, LLC Find an Advisor||$150,307,800||$100,000|| || |
|10||Imus Wilkinson & Mundinger Investment Management, LLC Find an Advisor||$149,169,600||$500,000|| || |
How We Found the Top Financial Advisor Firms in Tucson, Arizona
To create this list, we started by looking at financial advisor firms in Tucson registered with the U.S. Securities and Exchange Commission (SEC). All firms that register with the SEC must comply with rules and regulations, including acting in your best interest under fiduciary duty. We eliminated firms with disclosures or disciplinary issues, as well as any firm that doesn’t manage individual accounts. We ranked the remaining firms on the list below from most assets under management to least.
TCI Wealth Advisors, Inc.
TCI Wealth Advisors, Inc. is the first firm on our list, as it has over $2.6 billion in assets under management (AUM). This is well over $2 billion higher than the nearest firm on this list. The fee-only firm was founded in 1990 and has 22 advisors. There isn’t an account minimum to start services with the firm, but you are subject to a minimum annual fee of $1,000.
In addition to its Tucson office, you can find TCI Wealth in Flagstaff and Scottsdale, Arizona; Denver, Colorado; Reno/Tahoe, Nevada; and Santa Monica, California. The firm offers services that include wealth management, investment planning, retirement planning, insurance planning, education planning and tax planning.
TCI Wealth Advisors, Inc. Background
A combination of individuals and family trusts own TCI. Altogether, there are 17 shareholders. Within this group, there are 10 certified financial planners (CFPs), four certified public accountants (CPAs), three chartered financial analysts (CFAs) and one accredited investment fiduciary (AIF).
Shareholder Robert Swift founded the firm. Today, the firm's leadership team includes Swift, CEO John Stephens and president, CCO and treasurer Catherine Nichols.
TCI Wealth Advisors, Inc. Process
If you become a TCI client, you’ll go through a five-step process. Step one is a discovery meeting where you’ll discuss your values, financial goals, assets and overall preferences and interests. Two weeks after that, you’ll have an investment plan meeting. This meeting will cover what your time horizon is, your risk tolerance and what you expect for a rate of return. After than, it’s the mutual commitment meeting. Your relationship with TCI Wealth is formalized at this point, and the firm puts your investment plan in place.
After 45 days, you’ll have a follow-up meeting where you’ll discuss any outstanding issues or questions and review your account paperwork. Finally, the last step is ongoing: you’ll meet regularly to receive updates on your financial progress.
GR Financial Group, LLC
With $389 million in client assets to its name, GR Financial Group, LLC has $2.21 billion less in assets under management than our No. 1 firm, TCI Wealth Advisors, Inc. GR Financial Group is smaller, with only five advisors to TCI’s 22. You won’t find a minimum annual fee or account size here. In fact, fewer than 10% of GR Financial Group’s clients have what’s considered to be a high net worth. The firm caters to those below that threshold and offers investment portfolio services, financial planning, consulting and financial education seminars and workshops.
This financial advisor is fee-based, rather than fee-only. That means your financial advisor could be compensated for recommending certain products, such as securities or mutual funds. The firm is a fiduciary, however, which means it’s under an obligation to put client needs first.
GR Financial Group, LLC Background
GR Financial president Scott Genzman founded the original firm in 2005 after working at Prudential and Paine Webber in various capacities. He’s worked in the financial industry since 1993. Genzman and vice president Lynsey Richter are the principal shareholders of the firm. She has more than 20 years in the financial services industry.
The team is 10 total employees, with no certifications among them. This is one of the only financial advisor firms we’ve seen with no certified financial planners (CFPs), chartered financial analysts (CFAs) or certified public accountants (CPAs) on staff. It should be noted, though, that certifications don’t necessarily equate to experience in all cases.
GR Financial Group, LLC Investment Strategy
The firm uses point and figure methodology along with a range of analysis methods when evaluating securities and formulating investment advice. Point and figure methodology is a way to chart data for long-term investments to see entry and exit points in the market.
The strategies GR Financial Group uses in managing your account include long-term purchases, short-term purchases, trading, margin transactions and option writing.
Sterling Investment Management, Inc.
This fee-only firm has more than 150 client accounts but one of the highest account minimums. More specifically, the firm requires $500,000 to start a new relationship. The client base at Sterling Investment Management, Inc. is mostly made up of high-net-worth individuals, although individuals without a high net worth, charitable organizations and retirement plans are present as well.
Founded in 1995, the firm has five advisors and two offices, one in Tucson and one in Scottsdale. Clients can choose from financial planning or investment management services.
Sterling Investment Management, Inc. Background
John Payne, president and chief investment officer, is the founder and sole owner of Sterling Investment Management. He has decades of financial industry experience and was a senior portfolio manager at Bank of America before founding the firm in 1995. He has a master’s degree in finance and is a chartered financial analyst (CFA).
Sterling Investment Management, Inc. Investment Strategies
If you become a client, your advisor will thoroughly review your financial situation in order to recommend the appropriate investment strategy for your objectives. Your cash-flow needs, tax considerations, risk tolerance and time horizon all help build your financial picture. The firm has five main strategies: unconstrained total return, capital appreciation, balance, current income and fixed income.
Each strategy has a different risk tolerance and volatility associated with it and corresponds to certain needs. For example, the current income strategy is for those who want to preserve capital and have a steady income. The balanced strategy seeks to provide all three key components: capital growth, current income and capital preservation.
Cambridge Financial Group, LLC
Established in 2001, this fee-only firm has $240 million in assets under management. Four advisors work at Cambridge Financial Group, LLC and offer services such as financial planning, investment management and education planning. This firm has no minimum asset requirement. Instead, there are different service levels depending on your budget. You can keep the firm on an open retainer for financial planning or use the standalone services aimed at young professionals with less room in their budgets.
Cambridge’s office is located in northern Tucson near the Catalina Foothills.
Cambridge Financial Group, LLC Background
Penny Marchand is the founder and sole owner of the firm. She’s worked in financial planning since 1988 and has a couple of certifications, including certified financial planner (CFP) and enrolled agent (EA).
Marchand’s team includes five employees. Out of that group, three are CFPs and two are EAs.
Cambridge Financial Group, LLC Edge Ahead Services
Cambridge Financial Group has an affordable program designed for young professionals called Edge Ahead. It has a lower bar to entry, with a set $750 fee ($650 if you’re referred) for a financial review, or an annual fee of $2,500 for ongoing services that include financial planning and tax prep.
The process begins with a 20-minute phone call where you discuss your financial situation with one of the two Cambridge advisors dedicated to EdgeAhead. After that, you can engage the firm for a standalone financial review, a two- to three-hour meeting that will include topics such as investments, retirement planning, cash-flow management, insurance, tax strategies and stock option strategies.
The long-term option consists of two 90-minute appointments a year that cover tax preparation, investments, goal setting, goal reviews and any financial questions you have. You have phone support with this option, as well. The cost for ongoing services is 1.5% of your gross income.
Nova Financial Services
Nova Financial Services has $210 million in assets under management. With 14 advisors, the firm has the second-largest advisory staff after TCI Wealth Advisors, the top entry on this list.
You won’t need a certain amount of assets to join, as there are no account requirements or annual fee minimums at Nova Financial. You’ll choose from a suite of services including investment planning and portfolio services, retirement planning, divorce planning and education planning.
While the firm is headquartered in Tucson, advisors serves clients in all 50 states. Aside from Tucson, you’ll find Nova offices in Chandler, Arizona; Las Vegas, Nevada; and Colorado Springs, Colorado.
Nova Financial Services Background
The firm's ownership shares belong to two entities: NOVA Financial Holding Company, LLC and BFD, LLC. Jake Kagele, a certified investment management analyst (CIMA), is the managing partner and serves as a financial advisor at the company. Mike Maré is the executive vice president and is based in the Colorado.
Among the rest of the team, there’s one certified financial planner (CFP), one certified divorce financial analyst (CDFA) and one accredited asset management specialist (AAMS).
Nova Financial Services Investment Strategy
The firm uses fundamental and technical analysis when formulating investment recommendations for securities, mutual funds, exchange-traded funds (ETFs), managers and pooled investment vehicles. When the firm looks at mutual funds and managers, it reviews quantitative and qualitative criteria, including the performance history of the fund or manager, the returns and the manager’s tenure.
Your portfolio is created after you have conversations with your advisor during which you discuss your financial goals, time horizon and investment risk tolerance.
Raskob Kambourian Financial Advisors, Ltd.
Raskob Kambourian Financial Advisors, Ltd. is another fee-only firm and is the oldest on our top Tucson financial advisors list. It was founded in 1986 and has since grown to nine advisors and over $191 million in assets under management. The firm offers a full range of financial services, including financial planning, retirement planning, investment management and tax preparation.
RKFA has a minimum annual fee of $5,400. In other words, decide carefully if the potential benefits of the firm's services outweighs this stipulation.
Raskob Kambourian Financial Advisors, Ltd. Background
This is the second firm we’ve profiled on this list with a female president and owner (the first is Cambridge Financial Group). Patricia Raskob is the founder, and serves as president and sole owner of the firm. She has a number of certifications, including enrolled agent (EA), certified financial planner (CFP) and accredited tax advisor (ATA).
The rest of the advisory staff at the firm includes two certified financial planners (CFPs), one chartered financial analyst (CFA) and one certified senior advisor (CSA).
Raskob Kambourian Financial Advisors, Ltd. Investment Strategy
When formulating investment advice, advisors at this firm use fundamental, technical and cyclical methods of analysis. Each of these methods examines the fund or issuer in different ways, such as considering the management team, past performance, market data or market conditions.
The company uses a proprietary software to aid in strategic asset allocation of your account. The software ranks asset classes of mutual equity, bond and blend funds and also adds passive exchange-traded funds (ETFs) and index funds if necessary. The firm tailors your strategy to your financial particulars, including time horizon, risk tolerance and financial objectives.
Ironwood Financial, LLC
Ironwood Financial, LLC has $175 million in assets under management and has four advisors. You’ll need $250,000 to become a client. Services offered include investment supervisory services, financial planning, pension planning and more. The firm aims to work with those nearing retirement.
This firm is fee-based, which means your advisor can be compensated for selling you insurance policies, securities or other financial products. While it’s a less-strict compensation model than fee-only, the firm is still obligated to act in your best interest under fiduciary standards.
Ironwood Financial, LLC Background
Ironwood is principally owned by managing members Robin Dolezal, Daniel Nentl and Alexander Parrs. This trio boasts multiple certifications, including certified financial planner (CFP), chartered financial analyst (CFA), chartered financial consultant (ChFC), certified fund specialist (CFS) and certified advisor for senior living (CASL).
The firm is small and has just two other employees besides the founders: an investment professional and an office administrator.
Ironwood Financial, LLC Free Retirement Plan
According to Ironwood Financial’s website, you can get a step-by-step, fully customized retirement plan developed for you for free, if you meet certain criteria. You must be within 10 years of retirement and have a liquid net worth over $250,000.
The firm is small, so these sessions are offered on a first-come, first-serve basis to those who meet the two main criteria. If you do, you’ll schedule a call in which you discuss your financial situation, retirement vision and other financial concerns. Ironwood Financial will give you education on investment styles and modern investment theory, investment vehicles and how different life events might impact your retirement plan.
The company claims that it provides as much value as a paid planner in the $900 to $4,000 range. This is a service not found at any of the other eight firms on this Tucson financial advisor list.
Allied Portfolio Management, Inc.
Allied Portfolio Management, Inc. has just a single advisor on staff to manage its over $163 million in client assets. The fee-only firm works with mostly non-high-net-worth individuals, and estates, trusts, charitable institutions, foundations, endowments and retirement plans round out its typical client base. There is no minimum investment requirement to become a client.
There are no advisory certifications on Allied's team as it currently stands.
Allied Portfolio Management, Inc. Background
Firm president and senior portfolio manager Steven Graham founded Allied Portfolio Management in 1998. Prior to his time in Tucson, Graham worked on Wall Street for 13 years.
Much of Allied's advisory services revolve around financial planning, portfolio management and retirement plan consulting. More specifically, clients can take advantage of customized investment strategies, retirement planning, healthcare cost analysis, integrated services with your financial professionals and more.
Allied Portfolio Management, Inc. Investing Strategy
In a nutshell, Allied Portfolio Management looks to diversify clients' assets throughout multiple global markets, investment types and asset classes. It does this based on modern portfolio theory (MPT). This Nobel Prize-winning strategy looks to maximize your return upside without breaking your overall risk threshold. This generally lends itself to a long-term investing philosophy, which Allied wholeheartedly accepts.
In an effort to diversify as effectively as possible, Allied utilizes a few different investments to flesh out portfolios. These customarily include stocks, exchange-traded funds (ETFs), mutual funds and cash.
Capital West Partners, LLC
With just two advisors, Capital West Partners, LLC (CWP) has the second fewest number of advisors out of our top 10. The firm has $150 million in assets under management and is located in northeast Tucson. CWP is another fee-only firm, meaning the advisors can only earn compensation from asset management fee percentages and/or fixed hourly rates.
If you’d like to become a client, you’ll need at least $100,000. The firm has three main offerings: financial planning, consulting services and investment management.
Capital West Partners, LLC Background
The firm is owned by its two founders, Jason “JJ” Ruther and Jason Crane. Ruther has over 19 years’ experience in financial services. Before CWP, he worked as a portfolio manager at a regional brokerage firm. He has an undergraduate degree in finance.
Crane is a chartered financial advisor (CFA) and has more than 15 years’ experience in the investment management industry. He also has an undergraduate business degree.
Capital West Partners, LLC Investment Philosophy
Ruther and Crane say “one size does not fit all” when it comes to financial solutions. The firm creates customized portfolios for each client. This means your money won’t go into a model portfolio that’s pre-built. Instead, the advisors will tailor it to meet your situation. They’ll look at aspects of your financial situation such as income needs, tax situation, risk tolerance and investment objectives when developing your financial management plan. The firm says it focuses on “long-term wealth creation.” That means long-term investments rather than short-term trading.
Imus Wilkinson & Mundinger Investment Management, LLC
Imus Wilkinson & Mundinger Investment Management, LLC has seven advisors and $132 million in assets under management. This fee-only firm requires at least $500,000 to become a client. This is tied with Sterling Investment Management for the highest minimum on our list. Imus Wilkinson & Mundinger Investment offers business retirement plan options, such as 401(k) and 403(b) plan evaluation, as well as pension plan services.
Founded in 2011, the firm is the second-newest on our list after GR Financial group (founded in 2014).
Imus Wilkinson & Mundinger Investment Management, LLC Background
As you may have guessed, Imus Wilkinson & Mundinger was named after its founders and owners: Gary Imus, Elbridge Wilkinson III and Richard Mundinger. Today, the firm remains under the principal ownership of just Imus and Wilkinson III.
Imus has spent nearly 30 years in the investment industry. Wilkinson is a former Marine and graduate of Purdue University. He’s worked in the financial services industry since 1987.
The firm employs one additional person, a certified financial planner (CFP) with more than 30 years of experience in finance.
Imus Wilkinson & Mundinger Investment Management, LLC Investment Philosophy
The company explains its philosophy in a number of tenets. The first is that your advisor won’t pick individual securities (such as stocks or bonds). Instead, the firm builds portfolios that are “extremely diversified” through mutual funds and exchange-traded funds (ETFs) and then hires the best managers available. Imus Wilkinson & Mundinger Investment uses either active or passive management - whichever strategy will produce the best results for your portfolio.
You’ll speak regularly with your advisor about your risk tolerance, cash-flow requirements, legacy planning and investment time frame.