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Best Financial Advisors in Phoenix, AZ

Aug. 15, 2019, 8:17 p.m.

Financial planning is an essential yet scary process, but everyone can benefit from a financial advisor’s help with asset management or planning for retirement. It’s crucial to hire a fiduciary advisor who is qualified and has years of experience offering the services you need. That’s why our partners at ConsumerAffairs researched the best financial advisors in Phoenix to help you manage your money and prepare for the future.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. ABC15 may receive compensation from our partners. Learn more.

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#1
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#2
Hatton Consulting
Hatton Consulting
Features
  • No set account minimum
  • CFP, CFA & AIF advisors
  • Fee-only
  • Four-step consulting process based on clients' goals
Location
5090 N. 40th St.
Phoenix, AZ 85018
(816) 285-9000
#3
Fiduciary Advisors Limited
Fiduciary Advisors Limited
Features
  • Focuses on developing & managing employee benefit plans
  • Fiduciaries
  • Helps coordinate the complexities of retirement planning
  • Has 5 standard retirement plans
Location
4242 N. 19th Ave., Ste. 150
Phoenix, AZ 85015
(602) 864-1012
Ironwood Wealth Management
Ironwood Wealth Management
Features
  • Manages over $230 billion total assets in 983 accounts
  • Independent Registered Investment Advisor
  • Fee-only pricing either hourly or percentage-based
  • Expertise in personal wealth planning & group retirement plans
Location
4650 E. Cotton Center Blvd., Ste. 130
Phoenix, AZ 85040
(480) 776-5960
TFO Phoenix
TFO Phoenix
Features
  • M: Open 24 hours
  • T-Sun: 9am - 5pm
  • tfophoenix.com
Location
5060 N. 40th St., Ste. 200
Phoenix, AZ 85018
(602) 466-2611
Wall Capital Group
Wall Capital Group
Features
  • M-F: 7:30am - 3:30pm
  • Closed Sat and Sun
  • wallcapitalgroup.com
Location
22601 N. 19th Ave., Ste. 216
Phoenix, AZ 85027
(623) 242-6332
Belpointe Asset Management
Belpointe Asset Management
Features
  • Hours unavailable
  • belpointeasset.com
Location
3930 E. Ray Rd., Ste. 155
Phoenix, AZ 85044
(480) 646-3504
Versant Capital Management
Versant Capital Management
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • versantcm.com
Location
2394 E. Camelback Rd., Ste. 100
Phoenix, AZ 85016
(602) 635-3760
Windsor Capital Management
Windsor Capital Management
Features
  • M-F: 8am - 3pm
  • Closed Sat and Sun
  • windsoradvisor.com
Location
20860 N. Tatum Blvd., Ste. 220
Phoenix, AZ 85050
(480) 515-3514
Keats Connelly
Keats Connelly
Features
  • M-F: 7am - 5pm
  • Closed Sat and Sun
  • keatsconnelly.com
Location
3336 N. 32nd St., Ste. 100
Phoenix, AZ 85018
(602) 955-5007

Choosing a financial advisor in Phoenix

skyline

Hiring a financial advisor in Phoenix is a good idea for life changes like retirement, inheriting money or marriage. Money advisors use their expertise to help you with asset management, goal setting, savings strategizing and investing.

Some financial advisors in Phoenix take on clients with any amount of assets; however, most investment advisors are only willing to help clients with minimum accounts of $100,000 or more. If your assets don’t match up, look for money advisors that charge fees instead.

Types of financial advisors

There are several types of financial advisors in Phoenix to help with your financial planning, such as:

  • Robo-advisors. These are digital platforms that provide automated, algorithm-driven financial planning with little to no human supervision.
  • Human advisors. You can hire these professionals to help manage aspects of your finances, such as investing and estate planning.
  • Fiduciary financial advisors. This type of money advisor honors the fiduciary standard, which is a legal and ethical obligation to act in their client’s best interest.
  • Non-fiduciary advisor. Non-fiduciary advisors maintain a looser standard that only forces them to provide suitable instruction to their clients. As a result, non-fiduciary advisors may have conflicts of interest related to third-party deals or incentives.

What is the cost of a financial advisor in Phoenix?

The cost of a financial advisor in Phoenix depends on whether they charge fees or a commission. Depending on the type of service you are looking for, a fee-only advisor may charge a flat fee, hourly rate or retainer fee. Typically, fee-only money advisors average $150 to $300 per hour, while commission-based advisors receive a percentage of the investment transactions you make.

It’s critical to ask about pay structure and transaction fees prior to hiring someone to manage your money. Even for fiduciaries, payment structures cause certain biases and behaviors, so be aware of how this factor influences your financial advisor in Phoenix.

What qualifications should a financial advisor have?

There are several qualifications you should be aware of before hiring a money advisor, including their licenses, certifications and education. Some of the most popular certifications are for Certified Financial Planners, Accredited Investment Fiduciaries and Chartered Financial Analysts.

Before hiring a money advisor, ask questions such as:

  • How many clients do you have?
  • How do you get paid?
  • Are you a fiduciary?
  • How do you meet with clients?
  • What’s your investment philosophy?
  • What investment benchmarks do you use?

While there are plenty of legitimate financial advisors in Phoenix, there are also frauds posing as honest money advisors. When considering an asset management professional, verify their credentials by looking them up through the Securities and Exchange Commission or BrokerCheck to avoid a scam. The SEC also has resources to help you determine if a fake advisor is targeting you.

Facet Wealth

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Headquartered in Baltimore, Facet Wealth offers a variety of financial services. Customers work with a dedicated CFP who creates a tailored financial plan before a robo-advisor carries out the strategy. The company is fee-based, so it charges customers for the services they use along with a commission.

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Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.