Are you in search of professional financial advisors in Scottsdale? A lot of people in Arizona search for terms like “best wealth advisors near me” on Google. To be honest, it’s pretty understandable.
Hiring a financial advisor to manage your wealth is a major decision. You are trusting a firm or an individual within a firm with your money and you’ll never ever want to go wrong with it.
But, how is it possible to make sure that you are trusting the right resource for your assets? How can you choose the right fee structure when choosing a financial advisor? How will it affect your savings or retirement plan in the future?
Why Do You Need Financial Advice?
When it comes to investing your money or growing your wealth, there are a lot of options available. Whether you are looking for a risk-free retirement plan or trying to make a career transition, you need to have a strong financial plan to do so.
Many people like to follow a safer path in life. For the same reason, they seek the advice of Scottsdale financial planners. The right advice helps them to smoothly navigate through sudden changes in life like quitting a job, switching a career, starting their own business, marriage, divorce, or birth of a child.
Moreover, if you are thinking of selling your business, you might need an entirely different approach. While doing so, it’s best to have a good business broker and professional financial planner on your side so that you can make the best choice.
Remember, every stage of your life demands a different approach to saving, investing, and planning your wealth. It all revolves around your circumstances.
For example, if a person starts investing money at the age of 21, his/her mindset and approach toward investment will be far different than a person who starts doing so at the age of 65.
It cannot be denied that there are a lot of factors involved when it comes to investing money. Some of them are your investment approach, the strength of your investment portfolio, and your current income. However, above all these factors, the chances of the success or failure of your financial plan majorly depend on the financial planner you choose.
Parallel to that, in the long run, your financial strength also depends on the economic health of your country, the political climate, and how your financial advisor helps you manage the ups and downs of the market.
How Can You Accomplish Financial Planning
You can do financial planning in a lot of different ways but the two popular ones are:
1. Signing up with an online do-it-yourself investment company
If you choose to work with an online do-it-yourself company, you’ll have to handle all the stuff without any human advice. This option is cost-effective because you do not have access to any human advice when you are performing research or making transactions for investment purposes.
2. Hiring a financial advisor
Just like hiring a Scottsdale CPA, when you hire your own wealth manager or financial planner, it comes with higher costs but with lucrative results.
According to financial analysts, when you work with a financial planner, you can expect 2% to 4% higher results as compared to when you are doing it all alone.
Payment Structures of Scottsdale Financial Advisors
Yes, we cannot deny that hiring a financial advisor for wealth management to get better returns comes at a higher cost. But, before taking this step, you need to analyze if it will be beneficial for you or not.
To know this better, you should have an understanding of how Scottsdale financial advisors make money. It will help you analyze how they work to make you money.
The most commonly available payment structures when hiring financial advisors in Scottsdale are:
- Hourly: The investor is charged for time use on his behalf, regardless of assets.
- Retainer: A scheduled fee (usually monthly or annual) makes the Financial Advisor available, on-call for the advisory services the retainer covers.
- Flat fees: A set price for financial planning and asset management services. The fees have nothing to do with the amount of the investor’s account, big or small. It’s like ordering off a menu of services.
- Commission: The financial advisor receives a percentage of the money spent buying high-performing investments, usually charged per transaction.
- Asset management: The investor is charged a fee based on how much money is invested and fees usually are paid directly from the investor’s account.
Which Payment Structure is Best?
Beware that choosing the wrong payment structure that does not go with your needs can lead to a conflict of interest.
Let’s understand this with an example. If a financial advisor charges an hourly fee and is less interested in helping you make more money, he/she is more likely to spend time on another account.
Parallel to that, if financial advisors in Scottsdale get a flat fee per transaction, they can transfer money unnecessarily.
Thus, in our view, going with the commission-based fee structure can generate better results. In this payment plan, a financial advisor takes a portion of the growth of your investment.
How to Choose the Right Financial Advisor in Scottsdale
Do you want to identify that the financial advisors in Scottsdale are not forcing you to make investments that suit their interests more than yours?
You can do this by asking a simple question from your potential financial planner, “Do you have a fiduciary responsibility to my investments?”
If you get a”yes”, that means the financial planner is licensed. He/she will be bound by strict regulations and ethics to take actions that go in your best interest even if they do not get any benefit from it.
On the other side, if a financial planner is not fiduciary, he/she could direct you to a riskier path. But, this path can also end up with a higher payoff. You never know.
That’s why it’s hard to give a hardcore answer to which payment structure is best. It completely depends on your situation. Maybe you can try both options and then decide which one works best for you.
Want to go with the safer side? Have a meeting with your potential financial planner and get to know him/her before making a final decision. Analyze the financial plan they have created for you. If it supports the results you want to achieve and you feel comfortable about it, you can give a chance to that financial planner.
10 Best Financial Advisors in Scottsdale
After doing thorough research, we have created the below-mentioned list of the top 10 best financial advisors in Scottsdale to help you save time. All of these companies are selected after analyzing their ratings, reviews, experience, services, and professionalism. Here you go:
1. Trajan Wealth
Trajan Wealth is a leading independent financial services company established in 2012. With extensive experience and thousands of satisfied clients, the firm is dedicated to providing comprehensive financial solutions to individuals approaching or in retirement.
Trajan Wealth offers various services, including private wealth management, retirement planning, estate planning, and elder law services. The company’s team of experts is committed to working closely with clients, treating them as valued team members.
As an independent registered investment advisory firm, Trajan Wealth offers targeted asset management services to help clients protect, maintain and grow their financial portfolios. In addition, the company has formed partnerships with estate planning law firms to provide comprehensive wealth management and estate planning services under one roof.
7702 E. Doubletree Ranch Road, Suite #100,
Scottsdale, AZ 85258
Phone: 1 (800) 838-3079
2. ARQ Wealth Advisors LLC
ARQ Wealth Advisors LLC is a trusted financial advisory firm that provides exceptional full-service wealth planning and investment management services to professionals looking to secure their financial futures.
The experienced team of professional tax and retirement experts at ARQ Wealth Advisors LLC has the knowledge and expertise to help create a successful strategy for clients. The company’s mission is to provide personalized wealth management services at fees below the industry average, focusing on exceptional client service.
ARQ Wealth Advisors offers two primary services: Wealth Apex™ and Wealth Builder™. Both services are designed to help clients achieve their financial goals and secure their future economic well-being.
ARQ Wealth Advisors LLC
14500 N Northsight Blvd Suite 200,
Scottsdale, AZ 85260
Phone: (480) 214-9572
3. Northsight Wealth Management
Northsight Wealth Management is a financial services company that provides tailored solutions for business owners. The company is dedicated to helping business owners make more money and keep more of it by offering a range of financial services, including asset protection, savings solutions, investment strategies, retirement planning, and tax optimization.
One of the unique offerings from Northsight Wealth Management is the Tax Optimization Business System. This tested and easy-to-follow process helps business owners optimize their taxes, business, and personal life.
By implementing this system, business owners can save on taxes and increase their wealth by diversifying investments. They can achieve financial freedom with a customized financial plan, optimize their savings, and protect themselves and their families.
Northsight Wealth Management
20715 N Pima Rd Suite 108
Scottsdale, AZ 85255
Phone: (480) 269-0026
4. Summit Wealth Group
Summit Wealth Group is a nationally recognized and customized financial planning firm providing personalized financial guidance to individuals and families. The company, founded in 1985 as Executive Financial Planning, Inc. (EFP), has a rich history of serving clients with a planning-first approach.
With headquarters in Colorado Springs and branch offices in four states, Summit Wealth Group has become one of the nation’s largest independent financial advisory firms. The team at Summit Wealth Group consists of experienced financial advisors and planners, many of whom hold the CERTIFIED FINANCIAL PLANNER
Summit Wealth Group offers a wide range of financial services, including retirement planning, business advisory services, investment management, college planning, tax planning, risk management, cash flow analysis, lifestyle coaching, and estate planning.
Summit Wealth Group
14500 N Northsight Blvd Suite 112
Scottsdale, AZ 85260
5. Scottsdale Wealth Advisory
Scottsdale Wealth Advisory is a full-service wealth management firm dedicated to helping clients achieve their financial goals. With a focus on the fiduciary rule, the company provides comprehensive financial solutions to families pursuing balanced portfolio management before and after retirement.
At Scottsdale Wealth Advisory, clients benefit from a range of expert services, including guaranteed income planning, tax-free income planning, annuity coaching, 401(k) rollovers, asset allocation guidance, Roth IRA conversions, stocks, bonds and mutual fund management, social security optimization, life insurance planning, and estate planning.
The company’s Financial GPS Program is designed to provide clients with a simple, step-by-step financial action plan tailored to meet their individual needs and goals.
Scottsdale Wealth Advisory
8501 N Scottsdale Rd #205,
Paradise Valley, AZ 85253
Phone: (480) 247-9090
6. Stine Wealth Management
Stine Wealth Management is dedicated to helping individuals and families plan and prepare for their financial, retirement, and investment goals. Whether the client is starting a career, experiencing a job promotion or transition, preparing for retirement, navigating a significant life event, or planning for legacy, the team at Stine Wealth Management is there to help.
The firm offers a range of services, including financial planning, retirement planning, investment management, tax planning, estate planning, and more.
With a commitment to always acting in clients’ best interests, the Stine Wealth Management team takes a collaborative approach to financial planning. Whether the goal is to reach financial security, build wealth, or ensure a comfortable retirement, the team is dedicated to helping clients get together.
Stine Wealth Management
6991 East Camelback Road Suite D-300
Scottsdale, AZ 85251
7. Echelon Private Wealth LLC
Echelon Private Wealth LLC is a fee-only, fiduciary, and independent financial advisory firm. Its advisors are dedicated to building long-lasting relationships and providing comprehensive financial guidance and education.
Echelon Private Wealth LLC serves individual investors, entrepreneurs, and others needing expert financial guidance. The advisors are equipped to handle a full range of investment and financial services and have access to a wide array of solutions.
Echelon Private Wealth LLC strives to understand each client’s unique goals and aspirations with its client-focused approach. Its mission is to simplify the financial world for clients, so they can focus on what truly matters to them, the future.
Echelon Private Wealth LLC
7047 E Greenway Parkway Suite 250
Scottsdale, AZ 85254-8113
8. Stoker Ostler Wealth Advisor
Stoker Ostler Wealth Advisor is a full-service wealth management firm dedicated to putting the needs of their clients first. Focusing on objective guidance and proactive wealth planning strategies helps individuals, families, business owners, and professionals feel confident that their future is secure and their goals are within reach.
Phil Stoker and Creg Ostler founded the company from a shared vision of better-serving clients through a personalized and holistic approach to wealth management. The team of professionals at Stoker Ostler Wealth Advisor has broad expertise. It can help clients navigate the complexities of their financial situation through a robust discovery process that helps identify and prioritize their values, family dynamics, goals, philanthropic interests, and concerns.
Stoker Ostler Wealth Advisor offers a wide range of investment and financial services, including lifestyle and retirement planning, estate planning, philanthropic planning, tax planning, insurance and risk management, business planning, executive compensation planning, asset allocation, rebalancing, risk analysis, managing concentrated positions, investment tax management, and services for women and wealth.
Stoker Ostler Wealth Advisor
4900 North Scottsdale Road, Suite 2600
Scottsdale, AZ 85251-7658
9. Bayntree Wealth Advisors
Bayntree Wealth Advisors is a premier financial advisory firm founded by CEO Andrew Rafal to deliver personalized and comprehensive financial planning services to clients in Scottsdale, AZ.
With over 60 years of combined experience, Bayntree Wealth Advisors specializes in retirement planning, risk management, investment advice, tax strategies, and asset protection. Its experienced advisors prioritize in-depth education and undivided attention to help clients make the right financial decisions, positioning them to meet their income and wealth needs and live comfortably in their golden years.
As a leading financial advisory firm in Arizona, Bayntree Wealth Advisors has been featured in various financial and retirement planning platforms, showcasing its commitment to its clients’ financial health.
Bayntree Wealth Advisors
7001 N. Scottsdale Rd #2055
Scottsdale, AZ 85253
10. Wealth Management Solutions
Wealth Management Solutions is a fiduciary financial advisor that offers fee-only financial planning services. The company is led by Investment Advisor and Planner David Rosenthal. Wealth Management Solutions’ investment philosophy is rooted in Nobel Prize-winning economic research, focusing on long-term financial planning strategies and tax savings solutions rather than short-term market gains or stock picking.
Wealth Management Solutions provides personalized financial planning services to individuals and families, business owners, corporate executives, divorcees, widows, and select retirees. The team helps clients navigate their financial journey, providing clarity and confidence in their economic well-being. The company also provides guidance on company retirement plans, offering peace of mind for corporate executives.
At Wealth Management Solutions, the focus is on helping clients achieve their lifelong financial goals by providing a long-term view of their finances. With a dedicated team of advisors and a commitment to personalized services, the company helps clients attain their financial goals and retain the assets they have worked hard to obtain.
Wealth Management Solutions
8550 E. Shea Blvd., Suite 130
Scottsdale, AZ 85260
The team providing this Top Ten financial advisors in Scottsdale list believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.
We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.
We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Scottsdale. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Scottsdale area.
No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.
Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.
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