Monday, 30 November 2020

Best Financial Advisors in Arizona 2020: Fees and Services

Best Financial Advisors in Arizona 2020: Fees and Services
27 Oct
8:58

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Updated on Tuesday, October 27, 2020

The task of choosing a financial advisor can be difficult given how many financial advisors there are in the state of Arizona. Finding the right advisor comes down to figuring out the right fit, which requires understanding your needs and goals and how much you can spend.

Still, we understand that comparing firms and data points can feel daunting, so we gathered the most pertinent information to help guide your decision. To determine the best advisors in Arizona, we only considered firms that manage individual accounts and offer financial planning services. We then ranked these firms based on assets under management (AUM), which serves as a general metric for the firm’s size, and client-to-advisor ratio, which indicates how much attention you may get as a client.

Our ranking is not an indication of which firm may be best for you, but it can help make your experience of searching for a financial advisor easier. Take a look at our list below for the top firms in Arizona and their key highlights:

8 best financial advisors in Arizona

Methodology and criteria

For our search, we looked at firms across the state of Arizona. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services.

The firms that met this criteria were ranked based on their AUM and client-to-advisor ratio. These criteria are weighted equally in our scoring metrics. Firms with a higher AUM and lower client-to-advisor ratios garner higher scores. Our ranking system is designed to help compare firms but does not indicate which firm may be best for you.

In our reviews, we’ve listed several other key features that will help you determine which financial advisor is most fitting for your investing style and financial needs. It is important to note that we did not include disciplinary disclosures as a metric for our ranking. We have listed any disciplinary disclosures current as of October 27, 2020, but urge you to evaluate these firms on https://adviserinfo.sec.gov/.

1. TFO Phoenix, Inc.

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  • Minimum assets required: $20,000
  • AUM: $3,409,656,848
  • Individual investor to advisor ratio: 4:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Other (a percentage of net worth)
  • Firm phone number: (602) 466-2611
  • Headquarters address:
    5060 40th Street, Suite 200
    Phoenix, AZ 85018

About TFO Phoenix, Inc.

TFO Phoenix, Inc. was established in 2011. It is owned by two trusts — CASK Irrevocable Trust U/A and TFO, Irrevocable Trust — both of which are controlled by Christopher Erblich, who serves as the firm’s CEO and chairman. As its name suggests, the firm is headquartered in Phoenix.

TFO Phoenix provides investment management, family office services, family office advisory services, consulting and educational seminars and workshops. Its clients include individuals who both do and do not meet the SEC’s definition of a high net worth individual, defined as those with at least $750,000 under management or a net worth of at least $1.5 million. The firm also serves qualified retirement plans, trusts, charitable organizations, small businesses and corporations.

TFO Phoenix, Inc. investing strategy

Rather than attempting to forecast the financial future, TFO Phoenix bases its investment recommendations on a variety of factors including diversification, measured risk and the minimization of taxes and fees, as well as the client’s goals and time horizon. The firm also believes in the disciplined rebalancing of portfolios.

Client portfolios typically include a mix of no-load mutual funds, exchange-traded funds (ETFs) and managed accounts, including individual equities and bonds managed by third-party advisors.

TFO Phoenix Inc. disciplinary disclosures

All registered investment advisors are required by the Securities and Exchange Commission (SEC) to disclose any disciplinary events — including civil, criminal and regulatory actions — on the Uniform Application for Investment Advisor Registration, commonly referred to as Form ADV. TFO Phoenix reports no such events. For more information, including access to the firm’s Form ADV, visit its IAPD page.

  • Minimum assets required: No minimum
  • AUM: $2,973,412,645
  • Individual investor to advisor ratio: 110:1
  • Fee structure: 
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (520) 733-1477
  • Headquarters address:
    4011 East Sunrise Drive
    Tucson, Arizona 85718

About TCI Wealth Advisors, Inc.

TCI Wealth Advisors, Inc. was established in 1990. The firm doesn’t have a principal owner, but rather is owned by several individuals and trusts. In addition to its headquarters in Tucson, TCI Wealth Advisors has other offices in Arizona (in Flagstaff and Scottsdale), as well as locations in Denver and Reno, Nev.

TCI Wealth Advisors provides investment management, financial planning and consulting services and retirement plan consulting. Its clients are primarily individual investors, including high-net-worth individuals, but it also serves businesses, pension and profit-sharing plans, trust, estates and charitable organizations.

TCI Wealth Advisors, Inc. investing strategy

TCI Wealth Advisors focuses primarily on long-term purchases (defined as securities held for at least a year), as it believes in building long-term wealth through disciplined asset allocation. The firm creates portfolios that most often consist of mutual funds, ETFs, equities, bonds and bond funds, and, in some cases, it recommends real estate investment trusts.

In making recommendations, TCI Wealth Advisors uses both fundamental analysis, which looks at historical and current data, and cyclical analysis, which considers past relationships between price and market trends.

TCI Wealth Advisors disciplinary disclosures

TCI Wealth Advisors reports no disciplinary history, which includes any civil, criminal or regulatory events over the last 10 years involving either the firm or its employees or affiliates. The SEC requires that all registered investment advisors report this information in their Form ADV paperwork. For more information, visit the firm’s IAPD page.

  • Minimum assets required: May vary by advisor
  • AUM: $2,116,729,194
  • Individual investor to advisor ratio: 49:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Other (asset-based and flat fees for model portfolio advisor services)
  • Firm phone number: (877) 257-3840
  • Headquarters address:
    2415 E. Camelback Road, Suite 700
    Phoenix, AZ 85016

About Dynamic Wealth Advisors

Dynamic Wealth Advisors was founded in 2008 and is owned by the company Dynamic Management LLC. The firm provides investment advisory services and financial planning to individual investors, and also offers professional services to other financial advisors. Its clients include individuals who both do and do not meet the definition of high net worth, as well as trusts, estates, charitable organizations, pension and profit-sharing plans and businesses.

In addition to its headquarters in Phoenix, the firm has advisors in 50 other locations across the U.S., though these locations may operate under different business names.

Dynamic Wealth Advisors investing strategy

Dynamic Wealth Advisors focuses primarily on long-term investments (those held for a year or more), though in some cases the firm does make short-term purchases due to a client’s objectives or market conditions. In general, Dynamic Wealth Advisors recommends portfolios that include securities, private placements, private equity and private debt investments.

The firm uses both fundamental analysis (evaluating a company’s values and overall economic and industry conditions) and technical analysis (evaluating securities and market activity) to develop investment strategies for its clients. It also takes into consideration the client’s risk tolerance, diversification considerations and level of interest.

Dynamic Wealth Advisors disciplinary disclosures

Dynamic Wealth Advisors reports no disciplinary history on its Form ADV. This means the firm and its employees and affiliates have not faced any civil, criminal or regulatory events within the last 10 years. For more information, visit the firm’s IAPD page.

  • Minimum assets required: No minimum
  • AUM: $1,734,077,859
  • Individual investor to advisor ratio: 42:1
  • Fee structure: 
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (480) 646-3504
  • Headquarters address:
    3930 E. Ray Road, Suite 155
    Phoenix, Arizona 85044

About Belpointe Asset Management LLC

Belpointe Asset Management LLC was founded in 2007 and is owned by Gregory H. Skidmore, who serves as president of the firm, and Brandon Lacoff, who serves as CEO. The firm offers investment management services, as well as financial planning and consulting.

Its clients include individual investors — including a group who are considered high net worth individuals — as well as trusts and corporations. Belpointe also provides asset management services to more than 20 independent advisory businesses across the country.

In addition to its headquarters in Phoenix, the firm also operates out of Greenwich, Conn.

Belpointe Asset Management LLC investing strategy

Belpointe Asset Management’s individual advisors each have different investment strategies — there is no one standard portfolio used by the firm, as it customizes each portfolio depending on a client’s unique needs. That being said, there are some strategies that advisors commonly use to manage client portfolios, each of which employs different methods of analysis and approaches to buying and selling.

Generally, lower-risk portfolios created by the firm are made up of cash and government and high-grade corporate bonds. Portfolios for investors who can withstand higher levels of risk generally include more stocks.

Belpointe Asset Management LLC disciplinary disclosures

Belpointe Asset Management LLC reports no disciplinary history on its Form ADV. For reference, the SEC requires all registered investment advisors to report any civil, criminal or regulatory events within the last decade that involve the firm or its employees or affiliates. To get more information or view Belpointe Asset Management’s Form ADV, visit the firm’s IAPD page.

  • Minimum assets required: $500,000
  • AUM: $1,623,808,171
  • Individual investor to advisor ratio: 43:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Commissions
  • Firm phone number: (480) 505-0234
  • Headquarters address:
    7272 East Indian School Road, Suite 103
    Scottsdale, Arizona 85251

About WealthPlan Advisors, LLC

Established in 2009, WealthPlan Advisors, LLC provides individual portfolio management, financial planning and retirement plan and institutional consulting services. The firm’s clients are individuals, including high net worth individuals, in addition to retirement plans, institutions, foundations, trusts, charitable organizations, corporations and state and municipal entities. It requires a minimum investment of $500,000 for access to individual portfolio management services.

WealthPlan Advisors is owned by two investment companies — Wealth Management Inc. and Retirement Plan Advisors Inc. — as well as Rick L. Horton, a principal at the firm who also serves as the firm’s chief compliance officer, and Scott L. Schlappi, who is also a principal at the firm. The firm is headquartered in Scottsdale, and operates in other regions, including Utah and Missouri.

WealthPlan Advisors, LLC investing strategy

WealthPlan Advisors takes a long-term approach to investing and diversifies portfolios among various asset classes, with a focus on keeping costs and turnover low. Portfolios may include mutual funds, ETFs, separate accounts, variable annuity contracts, collective trusts and other investment vehicles.

The firm uses a wide range of analysis methods to make recommendations, and believes in regular rebalancing once a portfolio is established.

WealthPlan Advisors, LLC disciplinary disclosures

WealthPlan Advisors reports no legal or disciplinary history, indicating that neither the firm nor its employees or affiliates have faced any civil, regulatory or criminal events over the last decade. For more information, visit the firm’s IAPD page.

  • Minimum assets required: $500,000
  • AUM: $1,520,482,533
  • Individual investor to advisor ratio: 107:1
  • Fee structure: 
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (480) 890-8088
  • Headquarters address:
    4900 N Scottsdale Road, Suite 2600
    Scottsdale, AZ 85251

About Stoker Ostler

Established in 1997 as Private Wealth Management Inc., Stoker Ostler Wealth Advisors, Inc. is a wholly owned subsidiary of BMO Financial Corp., which is in turn a wholly owned subsidiary of Bank of Montreal.

Stoker Ostler offers investment management, financial planning and financial consulting services. The firm’s clients include individuals who both do and do not qualify as high net worth, trusts, estates, charitable organizations and corporations. It generally requires a $500,000 minimum investment, though it may reduce it in certain cases.

In addition to its Scottsdale headquarters, Stoker Ostler has an office in Salt Lake City.

Stoker Ostler investing strategy

In addition to evaluating a client’s goals, risk tolerance and other unique circumstances, Stoker Ostler bases its investment recommendations on evaluations of the market and economy provided by analysts, banks and security firms. The firm keeps working lists of securities it recommends and also uses lists from affiliates.

Portfolio recommendations typically include equities, fixed income securities, real estate investment trusts and alternative investments. Overall, the firm prefers to make long-term investments, which are held for a year or more, but it will also sell after shorter lengths of time when it makes sense for a client. The firm makes a point of trying to offset realized gains with losses to minimize tax implications.

Stoker Ostler disciplinary disclosures

The SEC requires that all registered investment advisors report any such events from within 10 years involving the firm or its employees or affiliates. Stoker Ostler reported one incident in 2013 in which the Bank of Montreal, which owns Stoker Ostler, was found to have ineffective systems and controls after their Bank Secrecy Act/Anti-Money Laundering Programs were examined by the Federal Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking. BMO then adopted a plan to strengthen its compliance with these regulations.

For more information on the firm, visit Stoker Ostler’s IAPD page.

  • Minimum assets required: $5,000
  • AUM: $1,440,546,205
  • Individual investor to advisor ratio: 43:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: (623) 242-6332
  • Headquarters address:
    22601 N. 19th Ave., Suite 216
    Phoenix, Arizona 85027

About Wall Capital Group, Inc.

Wall Capital Group Inc. was established in 1990, though its until 2018 it did business under the name of Money Matters Financial Group, Inc. The firm is owned by David J. Wall, the firm’s founder and president, and his wife, Colleen M. Wall.

Wall Capital Group offers financial planning and asset management services on a discretionary basis only, meaning the firm’s advisors make the final decisions about purchasing investments on their clients’ behalf. Most of the firm’s clients are Illinois Police and Fire Pension Funds and individual investors, primarily those who do not qualify as high net worth per the SEC’s definition.

The firm has its headquarters in Phoenix, with an additional office in Hinsdale, Ill.

Wall Capital Group, Inc. investing strategy

Wall Capital Group uses research from various sources including Morningstar, Ned Davis Research, Dorsey Wright and Charles Schwab & Company to guide its decisions regarding mutual funds and account managers. The firm primarily considers the disciplinary history and track record of funds and managers, with each client’s risk tolerance and objectives ultimately shaping the investment mix used.

Most of the firm’s portfolio recommendations are limited to mutual funds and ETFs. The firm does not allow clients to impose restrictions on the investments used in their portfolio.

Wall Capital Group, Inc. disciplinary disclosures

Wall Capital Group, Inc. reports disclosures, meaning it has a disciplinary history free of any civil, criminal or regulatory events involving the firm, its employees or its affiliates over the last 10 years. You can get more information on the firm by visiting its IAPD page.

  • Minimum assets required: None, but minimum annual fee of $600
  • AUM: $1,173,407,847
  • Individual investor to advisor ratio: 228:1
  • Fee structure:
    • A percentage of AUM
    • Subscription fees
    • Fixed fees
  • Firm phone number: (480) 998-5735
  • Headquarters address:
    9383 East Bahia Drive, Suite 120
    Scottsdale, AZ 85260

About Total Investment Management, Inc.

Total Investment Management, Inc. was originally founded in 1991 by John Edward Foster II and James Hughes, both of whom are former military and commercial pilots. The founders originally provided services to aviation professionals under the name HFG Asset Allocation Service. The name was changed to Total Investment Management in 1998 as they had shifted to provide expanded advisory services. The company is owned by John Edward Foster II, who serves as chairman of the firm, and Todd Michael Foster, who serves as CEO.

Total Investment Management provides financial planning and investment management services to individuals, including high net worth individuals. All services are provided on a discretionary basis, meaning Total Investment Management makes the final decisions about purchasing investments.

The firm has its headquarters in Scottsdale.

Total Investment Management, Inc. investing strategy

Total Investment Management offers three different asset management programs, each with a varying level of service and options offered:

  • TIM Basic: The firm manages a client’s employer-sponsored retirement plan and doesn’t include any financial planning.
  • TIM Portfolio: This program offers more options, such as the opportunity to invest in one of five model portfolios. As with TIM Basic, this doesn’t include any financial planning, but it does include one annual checkup call to discuss the client’s situation.
  • TIM Premier: This is the most enhanced offering. While clients can invest in one of the model portfolios, the firm also may incorporate other securities into their portfolios; this plan also offers quarterly check-ins and provides financial planning, insurance needs analysis, tax preparation, estate planning and more.

Portfolios for all tiers typically contain mutual funds and ETFs, and the firm uses long-term purchases (those held for a year or longer) and short-term purchases (those that are typically traded more frequently) as strategies as a part of its management practice.

Total Investment Management, Inc. disciplinary disclosures

Total Investment Management reports no legal or disciplinary events involving the firm or its employees or affiliates in its Form ADV paperwork. The SEC requires that all registered investment advisors report this information. To view the firm’s paperwork and get more information, visit Total Investment Management’s IAPD page.

Financial advisors in Arizona: FAQ

The highest state income rate bracket in Arizona is 4.50%, and the state does not have an inheritance tax or estate tax. Residents may be subject to federal inheritance and gift taxes, however, and may have to pay inheritance taxes if they inherit property from a state that does have an inheritance or gift tax.

While most financial advisors offer basic retirement planning, if saving for your golden years is your primary goal or you want someone to help you manage an employer-sponsored retirement plan, then you want to make sure an advisor has deep experience in retirement planning. Be sure to ask them about their expertise and other important questions to make sure you find the best financial advisor to meet your needs.

Nearly anyone can call themselves a financial advisor, so it’s important to look into an advisor’s background and credentials. While there are a variety of abbreviations that follow financial professionals’ names, an important one to look for is registered investment advisor (RIA).

A RIA is registered with the Securities and Exchange Commission (SEC) or with the state. Additionally, RIAs are required to act as fiduciaries, which means they are required to put your financial best interests ahead of their own.

Fees vary between financial advisors in Arizona, so it’s important to make sure you understand their fee structure. For example, some advisors may charge a percentage of your assets under management, in which case the average runs about 0.50% to 1.25%. Others may charge an hourly fee, which generally runs between $100 and 400 per hour.

It’s also important to know if your advisor is fee-based or fee-only. Fee-only advisors solely receive compensation from their clients. Fee-based advisors, on the other hand, may also earn money from products they sell, which introduces the possibility for potential conflicts of interest to arise.

Source: https://www.magnifymoney.com/blog/investing/best-financial-advisors-arizona-rias/

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