Finding a Top Financial Advisor Firm in Wyoming
The state of Wyoming isn't home to as many financial advisor firms as some other states, but that doesn't necessarily make the decision process any easier for you. When searching for a firm to work with, you'll want to know how much experience the firm has, what types of certifications its staff has, where it's located, how many clients it currently works with and more. To have the hard work done for you, consider using SmartAsset's free financial advisor matching tool.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Harfst and Associates, Inc. Find an Advisor||$583,675,756||$500,000|| || |
|2||Cypress Capital Management, LLC Find an Advisor||$140,425,947||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Markle Financial, LLC Find an Advisor||$149,752,477||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Traction Financial Partners Find an Advisor||$124,636,861||$300,000|| || |
|5||R.W. Baker Wealth Management Group, LLC Find an Advisor||$106,770,410||$50,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Wyoming, 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:
- 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.
Harfst and Associates
Harfst and Associates is a Sheridan-based financial advisor firm that works primarily with individual clients. Most of these individuals have less than a high net worth. Other clients of Harfst include businesses, retirement plans and charities.
Generally speaking, there is a $500,000 minimum investment requirement for new clients of Harfst. However, the firm may be willing to waive these requirements under certain circumstances.
Some of the advisors at this firm can sell insurance products on a commission basis. While this presents a potential conflict of interest, the firm’s fiduciary duty means it must act in clients’ best interests no matter what.
Harfst and Associates Background
Harfst and Associates was founded back in 2007. The firm is under the ownership of Robby Harfst, a certified financial planner (CFP), and Danette Harfst. Danette Harfst acts as the firm’s chief operating officer (COO), while Robby Harfst acts as president.
Investment management services at this firm are customized to each client’s needs. Financial planning services are also personalized.
Harfst and Associates Investing Strategy
When building an investment portfolio for a client, Harfst and Associates will account for their financial situation and needs. This involves working with the client to identify important characteristics like their time horizon, risk tolerance, income needs, financial goals and more. Once these factors are clear, the firm can begin to build a set of investments that helps them reach those goals.
There are a handful of trading and investment strategies Harfst may use. These include short sales, option writing, margin transactions, short-term purchases (held for less than a year), long-term purchases (held for more than a year) and inverse funds.
Cypress Capital Management
Sheridan-based Cypress Capital Management takes the second spot on our list. This firm is far smaller than first-place Harfst and Associates, but its clients-per-advisor ratio is significantly better. The firm's client base is dominated by non-high-net-worth individuals, though it also maintains relationships with other types of clients. These include high-net-worth individuals, charities, retirement plans, funds and small businesses.
There is no minimum investment necessary to become a client of Cypress Capital Management. The firm is also fee-only, which means it does not earn commissions beyond the normal fees paid by clients. Although the advisory team at this firm does not hold designations such as certified financial planner (CFP), team members hold several FINRA Series licenses.
Cypress Capital Management Background
Cypress Capital Management was established back in 2004 by Matthew Ebzery, who still works at the firm. Today, Ebzery holds the title of chief investment officer (CIO). Together, Ebzery and lead investment advisor Kristin Herbst own Cypress Capital Management entirely. The duo has over 20 years of investment consulting experience between them.
This firm specializes in forming and managing investment portfolios for its client base. It also provides financial planning services, though its website and Form ADV do not elaborate on these offerings.
Cypress Capital Management Investment Strategy
What appears to separate Cypress Capital Management's investment strategy from the competition is its in-depth investment selection process. This takes into account things like sales growth, operating margin growth, earning surprises, analyst earnings revisions, cash flow, earnings momentum, earnings growth and return on equity. Based on information from the firm's website, it runs through these metrics for around 5,000 companies, and its findings inform the make-up of its clients' portfolios.
As you might expect from the above, many of Cypress Capital's investment are in various types of stocks. In this realm, it generally focuses on small-cap stocks, mid-cap stocks, large-cap stocks and preferred stocks. Other potential investments include exchange-traded funds (ETFs) and closed-end funds.
Markle Financial is up next on our list of the top financial advisor firms in Wyoming. This Laramie-based company works almost solely with individuals, with most of them not having a high net worth. Other clients of Markle include high-net-worth individuals and retirement plans. There is no minimum investment requirements for new clients.
This is a fee-based firm. That means that some on-staff advisors can receive commissions from the sale of certain insurance products, like annuities, to clients. The receipt of these commissions could present a potential conflict of interest, though the firm still has a fiduciary duty to act in clients' best interests at all times.
The team of advisors at Markle includes one chartered retirement planning counselor (CRPC).
Markle Financial Background
Markle Financial is a fairly young firm, as it was originally opened in just 2015. It wasn't until 2019 that the firm registered with the SEC, though. The firm is currently owned by founder and president Shannon Markle. Beyond its headquarters, Markle Financial runs a secondary office in Lancaster, Pennsylvania.
More than anything else, Markle Financial identifies itself as a wealth management firm. This means it not only focuses on investing or financial plans, but both of these services together. Specific offerings include investment management, education fund planning, retirement planning, estate planning, risk management, charitable gift planning, tax planning and Social Security maximization.
Markle Financial Investment Strategy
Markle Financial tailors its client portfolios to the needs and and goals of the individual. This means your portfolio's asset allocation will be built on a foundation of your risk tolerance, time horizon, income needs and more. Investments the firm typically makes include mutual funds, real estate investment trusts (REITs), annuities, ETFs, bonds, stocks, venture capital funds and more.
Beyond the customization of clients' portfolios, there are two other main factors in Markle's management: tax management and flexibility. The former involves minimizing the amount of taxes that are taken from your investments over time, while the latter revolves around the continuous review of investments to ensure that the best decisions are always being employed.
Traction Financial Partners
Traction Financial Partners, which is based in Encampment, Wyoming, is a fee-based firm that primarily serves individual clients. Most of these clients come in below the high-net-worth threshold. The rest of the firm's clients include businesses and high-net-worth individuals. Traction Financial employs one certified financial planner (CFP).
This firm asks new clients to invest a minimum of $300,000. However, under the right circumstances, the Traction Financial may be willing to waive this stipulation.
Certain on-staff advisors at this firm can sell insurance products for a commission. While this represents a potential conflict of interest, the firm’s fiduciary duty means it must act in your best interest.
Traction Financial Partners Background
Traction Financial Partners has been registered with the SEC since 2021. It is under the ownership of Robert Heykoop and Evan Barnes. Heykoop is the firm’s president and CEO, and Barnes is its executive vice president.
Traction offers services specifically built for individuals and businesses. Investment management is customized to your needs, and financial planning can cover risk management, retirement planning, estate planning, tax planning and more.
Traction Financial Partners Investing Strategy
When you become a client of Traction Financial Partners, you’ll sit down with your advisor and discuss the specifics of your financial situation. This involves your risk tolerance, time horizon, income needs and long-term goals. Based on these circumstances and your hopes for the future, a portfolio and corresponding asset allocation will be built for you.
According to the firm, it typically invests client assets in some combination of ETFs, mutual funds and individual equities. The percentage of your portfolio each will take up depends on your needs and situation.
R.W. Baker Wealth Management Group
R.W. Baker Wealth Management Group is an individual-centric financial advisor firm, though it also works with businesses and charities. The firm manages the assets of mostly non-high-net-worth individuals, though it also works with some high-net-worth individuals. R.W. Baker has a $50,000 minimum investment requirement, though it may waive this under certain circumstances.
Members of the advisory staff at this firm can earn commissions from the sale of insurance and securities. While this presents a potential conflict of interest, the firm’s fiduciary duty requires it to act in clients’ best interests.
R.W. Baker Wealth Management Group Background
Founded in 1983, R.W. Baker Wealth Management Group is owned by Rosalyn Wallach Baker. Baker has decades of experience in the financial services industry.
Many of the services at this firm revolve around investing and the management of your portfolio. The firm also provides financial planning, though.
R.W. Baker Wealth Management Group Investing Strategy
The core of R.W. Baker Wealth Management Group’s investing philosophy revolves around creating tax-conscious, diversified investment portfolios for clients. These portfolios are also suited to your specific needs, such as your risk tolerance, time horizon, income needs and financial goals.
Generally speaking, the firm prefers to manage money over the long term. This involves minimizing trading costs and holding investments typically for a year or longer.