Are you searching for the best financial advisor in Spokane? Googling a list can make the process seem overwhelming. (How many results is that, again?) We’ve shrunk the screening process for you so you can hone in on the best financial advisors in Spokane.
Quick Look at the Best Financial Advisors in Spokane Near You:
- Best Wealth Management: Asset Planning and Management
- Best Robo-Advisor: M1 Finance
- Best for Customer Service: Ten Capital
- Best for Retirement Planning: Northern Capital Management
- Best Portfolio Analysis: Personal Capital
- Best for Investment Management at Any Life Stage: Vorpahl Wing Securities
- Best for All-Around Advisor: Quantum Financial Planning Services
Best Wealth Management: Asset Planning and Management Inc.
Asset Planning and Management’s initial objective is to get to know you and your family. This is part of this firm’s approach to kindle a relationship, increase and manage your wealth.
You’ll get a comprehensive financial planning service. Asset Planning and Management offers transparency by providing a private client website. This firm charges $75 to $250 per hour for financial planning services and investment management fees start at 1% for accounts up to $1 million.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
Can you conduct most of your financial activity on a single mobile app? M1 Finance makes it possible. You can:
- Make free stock and ETF trades.
- Create and manage your portfolio.
- Borrow up to 35% of your portfolio balance.
- Own a fully integrated checking account with direct deposit and debit card.
You can trade over 6,000 stocks and exchange-traded funds (ETFs) for free with a $100 account minimum. You can customize your own portfolio or select from over 80 expert portfolios. To help expand your investment range, M1 Finance provides low-interest loans and fractional share trading (less than 1 full share of equity). Your built-in checking account allows you to fully integrate your financial system by combining your trading account with it.
Best for Customer Service: Ten Capital
Ten Capital is a small firm with an emphasis on getting you involved in your own wealth-building plan. The financial advisors construct your portfolio using a framework that considers asset liquidity, your income, market volatility and expected return.
This small firm offers financial planning services that include specialized investments, insurance solutions and retirement planning. It encourages participation and education by hosting quarterly events, lunch workshops and group dinners with portfolio managers. Ten Capital sells no in-house products or commission-based investments. It charges a 1.25% investment management fee up to a $2,000,000 investment and a minimum $5,000-per-year fee for financial planning.
Best for Retirement Planning: Northern Capital Management
Northern Capital Management is committed to helping you secure your financial future. The firm’s team believes that using the best financial technology is the most effective way to meet your financial planning needs. Northern Capital manages your accounts with a powerful portfolio management system.
Northern Capital’s wealth management service focuses heavily on retirement services. In this area, it provides guidance so you’re set to retire when you want to. Northern Capital Management charges 1% for accounts up to $3,000,000 and 0.75% thereafter. Financial consulting fees range from $500 to $3,000, depending on the scope and complexity of your financial plan.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Address
2700 SOUTH SOUTHEAST BOULEVARD SUITE 205SPOKANE WA, 99223-4984
Phone number
509-456-2526
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital’s free app keeps you connected to your finances by displaying your net worth, investment portfolio metrics, credit indicators, loan balances and cash reserves. It also displays your IRA and 401(k) balances. As one of its unique features, the app connects you to its registered Financial Advisors by phone, chat, webinars or email.
Personal Capital protects its clients from downside risks using a signature Smart Weighting system. You only pay when you enroll in Personal Capital’s investment services. The fee for the services is 0.89% for the first $1 million you invest.
Best for Investment Management at Any Life Stage: Vorpahl Wing Securities
Vorpahl Wing Securities is an investment advisory firm, a full-service broker-dealer and an insurance agency. The Vorpahl team prides itself on providing financial guidance for customers at any stage in life, whether you’re a new college graduate or on the brink of retirement.
Since Vorpahi doesn’t rely on 3rd-party brokers, you will avoid trading fees and conflicting policies. This is particularly important if your assets are security-based. The firm’s fees start at 2% annually for the first $250,000.
- 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)
Address
421 W. RIVERSIDE SUITE 1020SPOKANE WA, 99201
Phone number
509-747-1749
Best for All-Around Advisor: Quantum Financial Planning Services
Quantum Financial Planning Service’s 41-year history has earned it a well-deserved reputation. The financial advisors at Quantum Financial Planning Services understand you want to live well in the present and prepare for your future. They want to show you the smart decisions you can make today to make your tomorrow more financially secure. To this end, Quantum offers wealth management, risk assessment, estate planning and cash flow guidance.
Quantum’s minimum annual fee is $2,500 for total assets under $250,000 and its financial planning fee ranges from $75 to $250 per hour.
Move Ahead with a Financial Advisor in Spokane
Trusting your finances with a stranger can be unsettling — you want to make the right choice. The financial advisors on our list are registered by the SEC, and have appropriate credentials and excellent track records.
Frequently Asked Questions
What certification should my financial planner have?
Your planner can be a Certified Financial Planner (CFP), Certified Financial Analyst (CFA) or a Personal Financial Specialist (PSF). All of these professionals must earn their certifications through standardized coursework and exams.
How can I research the background of my financial advisor?
Start your financial advisor background check by visiting investor.gov and click to the Security Exchange Commission’s Investment Advisor Public Disclosure website (IAPD). On the IAPD website, you’ll find your financial advisor’s registration number, background information, assets under management, fee structure, criminal history, disclosures and conflicts of interest. You can also access the BrokerCheck database of the Financial Industry Regulatory Authority (FINRA) website.
Can financial advisors help mitigate debt?
Financial advisors can help you come up with a plan to get rid of debt. They can evaluate your current financial status and develop a plan to get you back on track.
Methodology
To determine the top financial advisors in Spokane, we pored through all SEC-registered advisory firms who have an office in Spokane. We winnowed the list by only including advisors that 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.