Omaha, Nebraska, holds an important place in American history as the “Gateway to the West.” Today, it’s home to some of the world’s top financial firms, so it’s no surprise that it also has excellent financial advisors. Here’s Benzinga’s guide to choosing the best financial advisors in Omaha, Nebraska.
Quick Look at the Best Financial Advisors in Omaha:
- Best for Retirement Planning: Callahan Financial Planning
- Best Robo-Advisor: M1 Finance
- Best for Young Professionals: Hightower Omaha
- Best for Health Care Professionals: Foster Group
- Best Portfolio Analysis: Personal Capital
- Best for Estate Planning: Silverleaf Wealth Management
- Best for Business Owners: Prairie Wealth Advisors
Best for Retirement Planning: Callahan Financial Planning
Financial planning doesn’t end when you retire. It’s critical to keep a close eye on your investment strategy and make sure your funds will last. Callahan Financial Planning specializes in working with people at or near retirement. It’s a fee-only firm, which means they don’t earn commissions that could lead to conflicts of interest.
Callahan Financial Planning uses a team approach to planning. You have 1 dedicated advisor, but that financial advisor can call on the expertise of any other advisor in the firm to ensure that your financial needs are met. You set the agenda and Callahan Financial Planning is there to help you along the way.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance offers you tailored financial advice through technology. You can customize a portfolio or choose from M1 Finance’s expert portfolios. You can also buy fractional shares, which helps you diversify your portfolio without spending a bundle.
M1 Finance allows you to build up your portfolio gradually by scheduling automated transfers. It automatically rebalances your portfolio as you add funds, keeping you on track toward your goals. Once your portfolio reaches $10,000, M1 Finance gives you access to a low-interest credit line that you can borrow against.
Best for Young Professionals: Hightower Omaha
Hightower Omaha believes in helping people reach their financial aspirations. Young professionals often deal with high expenses like mortgages and student loans. Hightower Omaha takes a deliberate approach to planning. Your financial planner will take the time to listen to you and make recommendations that will help you prepare for the future.
Your financial advisor can make insurance recommendations to help you protect your assets. If you’re new to investing, your planner will ensure you understand your options so you can make an informed decision.
Hightower’s investment strategy is rooted in the idea that you need a financial advisor who intimately understands your goals and needs as an investor. When you begin with Hightower, you’ll tell the company more about your goals and progress towards them. Hightower will then coordinate your investments with an individual advisor who aligns with your investing strategy and asset preference. With over $48 billion in assets under management, Hightower is one of the largest financial advisors in Chicago — and the rest of the country. The company offers financial planning services to individuals, corporations, universities, nonprofits and state and local governments. There’s no minimum account balance required to begin working with Hightower.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
- Financial planning services
- Selection of other advisers (including private fund managers)
- TREASURY MANAGEMENT FOR CORPORATE CLIENTS
Address
200 W. MADISON ST. SUITE 2500CHICAGO IL, 60606
Phone number
312-962-3800
Best for Health Care Professionals: Foster Group
Doctors, dentists and other health care professionals need financial guidance at every step of their careers. Early on, they tend to carry heavy debt. As their careers progress, they may need strategies for retirement planning and minimizing taxes.
Foster Group has worked with over 500 medical professionals. Its advisors have developed strategies to help them pay down debt and prepare for and enjoy retirement. Of course, Foster Group works with other professionals as well, taking a values-driven approach to planning.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital offers an impressive array of tools that you can use to analyze your portfolio and your budget. Its fee analyzer helps you uncover hidden fees in your portfolio. Its investment checkup tool looks at the performance of your portfolio and provides you with suggestions for improvement.
Personal Capital also offers a retirement planner and a college education planner. Those with $100,000 or more investable assets can access advice from its financial advisors. Personal Capital’s investment management services are available for a 0.89% fee, with lower fees available if you have $3 million or more in assets.
Best for Estate Planning: Silverleaf Wealth Management
Estate planning is managing how you want your assets to be distributed after your death. This type of planning requires an understanding of tax law, coordination with attorneys and accountants and careful attention to detail. Estate planning is one of Silverleaf Wealth Management’s areas of expertise.
Its financial advisors will work closely with you to fully understand your goals and the legacy you want to leave. Your financial advisor will also work with you to ensure your investments have an appropriate level of risk. Your advisor can also help you plan for other areas of concern like long-term care.
Best for Business Owners: Prairie Wealth Advisors
Business owners invest a lot into their businesses. Getting solid financial advice is essential to growing your business. Prairie Wealth Advisors works with business owners to help them develop a business and personal financial plan that makes sense.
Your financial advisor can help you dig into your cash flow and uncover opportunities for improvement. If you’re thinking about expanding or selling your business, Prairie Wealth Advisors can help ensure that your plan is sound and that you’re prepared. Prairie Wealth also offers a 2nd opinion service and will do a no-obligation review of your current financial plans.
Choosing Financial Advisors in Omaha
Which financial advisor is right for you? That depends on your age, your profession and how comfortable you are paying fees. Look for an advisor with a stellar reputation who instills a sense of confidence in you. You can find the right advisor for your financial situation.
Frequently Asked Questions
Can financial advisors help debt?
Financial advisors can help you develop a plan for paying down your debts. They can also help you develop a budget and a spending plan to keep you from incurring unnecessary debt.
Can I talk to a financial advisor for free?
Many financial advisors offer a free initial consultation to see if they’re a good fit for you. During your initial conversation with any potential advisor, ask about their fees and whether there’s a charge for your initial meeting. An ongoing relationship with a financial advisor will involve paying fees, though. You may pay a set fee or a percentage of the assets you invest.
Is it worth paying a financial advisor 1%?
That depends on the advisor and the services you receive. Having a professional who exclusively focuses on managing investments can be an asset. They can help you balance your portfolio and ensure you’re optimized when it comes to taxes. If you’re concerned about the fees, you may want to consider Robo-advisors, which charge lower fees or no fees at all.
Methodology
To determine the top financial advisors in Omaha, Nebraska, we pored through all SEC-registered advisory firms who have an office in Omaha. We winnowed the list by only including advisors who are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.