The post Best Financial Advisors in Colorado Springs, CO by Shashank Jacob appeared first on Benzinga. Visit Benzinga to get more great content like this.
While Denver may claim most of the national attention for being one of the fastest-growing cities in America, Colorado Springs isn’t far behind. With more people and money flowing into the area, it makes sense why more financial advisors are available to handle the needs of hopeful investors, employees and retirees. Read on to see what the best financial advisors in Colorado Springs, Co could be right for you and your family as you consider your investment strategy.
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Quick Look at the Best Financial Advisors in Colorado Springs, Co:
- Best for Ethical Investing: First Affirmative
- Best Robo-Advisor: M1 Finance
- Best for Wide Range of Services: Seamount Financial Group
- Best Mobile App: Betterment
- Best for Full Suite of Financial Planning Services: Altus Wealth Group
- Best Portfolio Analysis: Personal Capital
- Best for Long-term Investing: Rainsberger Wealth Advisors
- Best for Continued Support: J.V. Bruni and Company
Contents
- Quick Look at the Best Financial Advisors in Colorado Springs, Co:
- Best for Ethical Investing: First Affirmative
- Best Robo-Advisor: M1 Finance
- Best for Wide Range of Services: Seamount Financial Group
- Best Mobile App: Betterment
- Best for Full Suite of Financial Planning Services: Altus Wealth Group
- Best Portfolio Analysis: Personal Capital
- Best for Long-term Investing: Rainsberger Wealth Advisors
- Best for Continued Support: J.V. Bruni and Company
- Best for Ethical Investing: First Affirmative
- Choose the Best Financial Advisors in Colorado Springs
- Frequently Asked Questions
- Methodology
- Methodology
Best for Ethical Investing: First Affirmative
First Affirmative has over 30 years of experience in socially responsible investing (SRI). The firm is ideal for those who want to grow their money by investing only in companies and funds that have a positive social impact.
First Affirmative’s clients are individuals, retirees, trusts, estates and charitable organizations. The services provided to investors are tailored to the individual needs while integrating environmental, social and governance to your investment. The firm creates portfolios using mutual funds, stocks, exchange-traded funds (ETFs), municipal bonds and more.
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FIRST AFFIRMATIVE FINANCIAL NETWORK LLC
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Address
5475 MARK DABLING BOULEVARD SUITE 108 COLORADO SPRINGS CO, 80918
Phone number
703-245-5820
free consultation
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Best For
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Disclosure
Your free trial (a $31.25 value) begins the date you enroll in the M1 Plus subscription, and ends 90 days after (“Free Trial”). Upon expiry of the Free Trial, your account is automatically billed an annual subscription fee of $125 unless you cancel under your Membership details in the M1 platform.
Best Robo-Advisor: M1 Finance
Need a robo-advisor to manage your finances efficiently? M1 Finance is an online broker and investment manager hybrid. You’re allowed both — self-managed and robo-directed investing.
M1 Finance allows you to trade fractional shares so that you are completely invested. You get a comprehensive dashboard that shows you the current composition of your portfolio. There is complete transparency about revenue generation as there’s no management fee. You’re provided with a flexible portfolio that allows you to choose from 80 of the best portfolios to follow. M1 Finance has 2 types of accounts.
M1 Finance’s Core charges $0 to get you started and includes:
- No trading commissions
- No management fees
- Free checking account
- 3.5% base rate for a portfolio line of credit
M1 Finance’s Plus account has an annual fee of $125 and includes:
- All Core account features
- 1% APY on checking account balance
- 1% cashback on qualifying debit card purchases, no limits
- Access to a 2nd daily trade window
- 2.75% rate for portfolio line of credit (0.75% reduction)
Best for Wide Range of Services: Seamount Financial Group
Seamount Financial Group is one of the finest financial advisors in Colorado Springs. The firm provides a range of services such as wealth management, retirement planning, tax planning, risk management and estate planning.
Seamount’s wealth management service requires a minimum of $500,000 of investable assets. The firm provides clarity on retirement elements such as pension plans, 401(k) plans, IRAs, employee benefits and more. It uses a host of tax-saving strategies like capital gain planning, annual review of tax return, capital gain planning and tax-cutting through charitable giving.
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SEAMOUNT FINANCIAL GROUP INC
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
Address
90 SO CASCADE AVENUE SUITE 1140 COLORADO SPRINGS CO, 80903
Phone number
719-471-1171
free consultation
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Best Mobile App: Betterment
Betterment is one of the pioneers in the world of Robo-advisors. It uses a technology that automates the entire investment process and can recommend a portfolio. Betterment is ideal for any investor as it has very goal-oriented tools and helpful tax strategies.
Betterment gives you 2 options: Betterment Digital and Betterment Premium.
Betterment Digital can be used with even an account that has $0. The app charges 0.25% of assets under management every year.
Betterment Premium, as the name suggests, is an upgraded version that provides unlimited phone access to certified financial planners for a 0.40% and $100,000 account minimum. The app is easy to use and can easily change the type of portfolio.
Best for Full Suite of Financial Planning Services: Altus Wealth Group
Altus Wealth Group is 100% independent and is not affiliated with any particular company. The firm is a fee-only fiduciary offering financial planning and investment management services. Since it is a fiduciary, it provides advice for your best interest without any bias.
Altus provides a wide array of financial planning services for retirement planning, tax planning, budgeting, inheritance and debt. Its financial planners have expertise in dealing with complex situations that are difficult for you to tackle on your own.
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ALTUS WEALTH GROUP, LLC
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Financial planning services
Address
24 S. WEBER ST. SUITE 205 COLORADO SPRINGS CO, 80903
Phone number
719-900-1295
free consultation
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Best Portfolio Analysis: Personal Capital
Personal Capital is a free financial dashboard that tracks every aspect of your finances. The app is extremely popular as the investment tools are extensive and cost $0. Personal Capital is ideal for those looking for both budgeting and investment management on the same platform.
The upgraded version, Personal Capital Wealth Management, provides a service that is between a pure Robo-advisor and a human advisor. There is a significant amount of automated investment tools as well as active human management. You also get to use extensive tax optimization strategies to lower the amount of tax you pay. To use this service, you will need to have a minimum balance of $100,000.
Best for Long-term Investing: Rainsberger Wealth Advisors
Rainsberger Wealth Advisors is an award-winning financial advisor in Colorado Springs. It was featured in the ‘Top 18 Financial Advisors’ on Expertise and ‘Top RIA’ in FA Magazine in 2017.
Rainsberger has particular expertise in business, college and retirement planning, real estate and small business owners. It prides itself on its comprehensive 4-step process when meeting you for the first time:
- Thorough financial assessment through surveys, interviews and observations
- A financial plan aligned with your goals
- Execution of strategy
- Close monitoring of your progress
You can expect regular follow-up meetings to discuss your financial plan and portfolio with Rainsberger.
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RAINSBERGER WEALTH ADVISORS
- A percentage of assets under your management
- 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
- RETIREMENT PLAN CONSULTING
Address
980 PICO POINT COLORADO SPRINGS CO, 80905
Phone number
719-328-1944
free consultation
Best for Continued Support: J.V. Bruni and Company
J.V. Bruni and Company is an investment management firm in Colorado Springs that has been in the business for almost 3 decades. It conducts its own rigorous, independent research to build a strong investment portfolio based on your investment objectives.
The firm devotes a significant amount of time in educating its clients and constantly meeting up with them. Here are some of the services they provide for top client service:
- A 4-page letter every month to keep them informed
- Quarterly realized gains summaries in advance of estimated tax payment dates
- Access to portfolio management to review the planned objections and any other questions on investment
- Quarterly investment performance reports that date back to when you opened the account
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BRUNI J V & CO
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Investments
- Retirement
Address
1528 N TEJON STREET COLORADO SPRINGS CO, 80907-7439
Phone number
719-575-9880
free consultation
Choose the Best Financial Advisors in Colorado Springs
Colorado Springs has a list of top-quality financial advisors that you can approach for your needs. Make sure you talk to at least 3 financial advisors before you sign anything. It’s smart to do a thorough background check on the firm before you visit.
Frequently Asked Questions
Can I talk to a financial advisor for free?
Yes, your first consultation is free of charge.
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Do I need a financial advisor for retirement?
No, you don’t necessarily need a financial advisor. You can use a DIY approach and use a Robo-advisor.
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Can financial advisors help with debt?
Yes, you can certainly benefit from having a financial advisor as they specialize in helping you bounce back from debt. They look at your income, expenditure, savings, investments, tax returns and other relevant information to develop a plan that can help you recover financially.
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Methodology
To determine the top financial advisors in Colorado Springs we researched SEC registered advisory firms who have an office in Colorado Springs. 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.
The post Best Financial Advisors in Colorado Springs, CO by Shashank Jacob appeared first on Benzinga. Visit Benzinga to get more great content like this.
