Are you looking for a professional financial advisor in Tempe? A lot of people like you in Arizona keep on searching “best wealth advisors near me” on Google and we can understand why this is so.
Hiring a financial advisor is an important decision because you are trusting a firm or an individual within a firm with your money. Nobody will ever want to go wrong with protecting their money and investing it for wealth accumulation or retirement.
So, how can you ensure that you are trusting the right person with your money? How to gather the right knowledge about the fee structure of financial advisors to understand how it will affect your savings or retirement plan in the long run?
Why Do You Need Financial Advice?
There are a lot of options available for financial advisors when it comes to investing your money. Whether you are in the transition phase, just starting your business, or looking for a risk-free retirement plan, you need a sound strategy to do so.
That’s why a lot of people seek the advice of Tempe financial planners to navigate smoothly through sudden events of life like marriage, divorce, childbirth, quitting a job, switching a job, or shifting towards entrepreneurship.
Besides that, if you are in the phase of selling your business, it often results in needing an entirely different approach. During this process, you need a good business broker and financial planner to help you make the best choices.
Thus, every stage of your life demands a new approach to saving, investing, and planning your money. It entirely depends on your circumstances.
Let’s say a person begins investing money at the age of 21, his/her needs and approach to investment will be different than a person who starts this process at the age of 60.
Yes, we cannot deny that there are a lot of factors to consider when it comes to investing. This includes your approach, how strong the investment portfolio is, and the present income of an individual. But, above all these factors, the chance of your success or failure majorly depends on the financial planner you hire.
Your financial strength in the long term depends on the political climate, the state of your country’s economy, and how your financial planner takes you through the ups and downs of the market.
How Can You Accomplish Financial Planning
There are many different ways to accomplish financial planning. The two major ones are:
1. Signing up with an online do-it-yourself investment company
When you choose an online do-it-yourself firm, it allows you to handle everything without any human advice. This option comes with a lower cost or price. It’s because no human being is involved in doing research or making transactions in the investment.
2. Hiring a financial advisor
Just like hiring a Tempe CPA, hiring your own wealth manager or financial planner comes with higher costs but with lucrative results.
Financial analysts say that you can expect 2% to 4% better results when you work with a financial planner as compared to handling it all alone.
Payment Structures of Tempe Financial Advisors
It’s true that involving a financial planner in wealth management to get greater returns comes at a higher cost. So, you must first analyze if it will work in your favor or not.
To get a better understanding of this, learn how Tempe financial advisors make money. It will help you analyze how they work to make you money.
The most commonly used payment structures when hiring financial advisors in Tempe 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?
In order to make the best choice, know that a conflict of interest can arise if you go with the wrong structure that does not meet your needs.
For example, if a financial advisor charges an hourly fee and is less concerned about helping you make more money, that person is more likely to spend time on another account. When they make more money, more investments and assets grow in an Asset Management account.
Besides that, financial advisors in Tempe can transfer money unnecessarily if they get a flat fee per transaction.
So, in our view, choosing the commission-based fee structure can boost results. It involves taking a portion of the growth of the investment.
How to Choose the Right Financial Advisor in Tempe
How can you analyze that the financial advisors in Tempe are not suggesting you make investments that suit their interests more than yours?
The best way to understand this is to ask your potential financial planner, “Do you have a fiduciary responsibility to my investments?”
If the financial planner is licensed, he/she will be bound by ethics and regulations to must first invest in your best interest even if they do not benefit from it.
On the other hand, if a financial planner does not take fiduciary seriously, he/she could lead you to a riskier path. However, this path can also end up with a higher payoff. Nobody knows.
So, it’s hard to determine which choice is the best. It truly depends on your situation. You can try both options and decide later which one works best for you.
The safer side? Have a meeting with your potential financial planner first and get to know him/her. Make sure you feel comfortable with the plan they have created for you. It should be tailored to the results you want to achieve.
10 Best Financial Advisors in Tempe
Here is the list of the top 10 best financial advisors in Tempe for you. We have done detailed research and selected these companies based on their reviews, experience, ratings, and professional services. Have a look:
1. The M Group & Associates
The M Group & Associates is a private wealth management firm founded in 2012. The company is committed to helping individuals and businesses reach financial goals through various financial products and strategies.
The company’s team of experienced financial professionals understands that each individual faces unique challenges when preparing for retirement. M Group & Associates offers a comprehensive range of financial services to meet these challenges. These include retirement planning strategies, insurance planning strategies, investment planning strategies, education funding strategies, social security planning strategies, and employee and executive benefit strategies.
The M Group & Associates is dedicated to providing personalized and customized service that focuses on each client’s needs, wants, and wishes. Whether clients want to make the most of their employer-sponsored retirement plans and IRAs, fund their children’s education, understand social security, or attract and retain qualified employees through benefit packages, the M Group & Associates is equipped to help.
The M Group & Associates
4515 S. McClintock Dr #221
Tempe, AZ 85282
WealthAbility is a leading financial services firm that has helped individuals and businesses reach their financial goals for over 40 years. The company focuses on guiding clients’ journey to Tax-Free Wealth through its proprietary system, the WealthAbility® System.
The WealthAbility® System is a proven process that permanently reduces taxes by 10% to 40% in 90 days or less. This system is at the core of WealthAbility’s programs and helps clients regain control of their financial future by getting clear on their financial goals and building a plan to achieve them.
With WealthAbility®, clients can carve their own path to financial success by lowering their taxes, protecting their assets, and setting their businesses and investments up for long-term success. The system allows clients to build wealth faster, pay less tax, and know that they are playing within the rules.
2402 S Rural Rd Ste 201,
Tempe, AZ 85282
3. Larson Wealth Management
Founded in 2011, Larson Wealth Management is a mission-driven financial advisory firm dedicated to helping individuals and businesses achieve financial success by solving their most critical economic problems. As an independent Registered Investment Advisor (RIA), its services are entirely focused on providing personalized solutions to meet clients’ unique financial needs.
Larson Wealth Management‘s experienced team of financial advisors is committed to doing what is best for our clients every time, no matter what. The company’s goal is to provide tailored financial services that reduce risk and maximize financial options for clients.
Larson Wealth Management offers a comprehensive range of financial services, including business planning, economic planning, educational planning, finance and accounting, financial planning, funding trends, innovation, and retirement planning.
Larson Wealth Management
4500 S. Lakeshore Dr. Suite 342
Tempe AZ 85282
4. Martinsen Wealth Management
Martinsen Wealth Management is a comprehensive financial planning firm dedicated to helping individuals achieve the retirement they’ve always dreamed of. Founded on the principle that everyone deserves to live their ideal retirement, the firm has built a reputation for providing a multi-disciplinary approach to retirement income planning.
With over years of experience in the financial planning industry, Martinsen Wealth Management has the expertise and knowledge necessary to help clients optimize and coordinate all the pieces of their financial puzzle. The firm’s specialized approach to retirement income planning considers the relationship between all the elements of a client’s finances. It develops a tailored plan that addresses each client’s financial needs and concerns.
Martinsen Wealth Management offers a variety of financial services, including 401k Rollovers, Annuities, Legacy Planning, Insurance, and Investment Strategies. The firm’s commitment to its clients is evident in its tax-sensitive holistic retirement income planning system, which utilizes a range of investment and insurance products to help clients achieve their financial goals.
Martinsen Wealth Management
7855 S. River Parkway, STE 206,
Tempe, AZ 85284
Phone: (480) 550-6556
5. Arbor Wealth Management
Arbor Wealth Management is a trusted financial planning firm, founded on the belief that everyone deserves the opportunity to achieve financial freedom and live the life they’ve always dreamed of. With over 25 combined years of experience, Arbor is equipped with comprehensive and industry-certified financial planning expertise that sets it apart from the rest.
Arbor Wealth Management is proud to be a Personal Financial Specialist (PFS) and a Registered Investment Advisor, ensuring their clients receive the highest level of care and attention. It is known for its expertise and personalized approach. It is often referred to as a personal CFO, guiding the clients on a path towards wealth building, comfortable retirement, and tax minimization.
In their line of work, Arbor Wealth Management believes in using its expertise to bring surrounding notes back into harmony, just like a musical note. It specializes in identifying tax-saving opportunities for business owners, creating further opportunities for growing wealth, and developing tax-free retirement assets.
Arbor Wealth Management
7581 South Willow Drive #110,
Tempe, AZ 85283
Phone: (480) 818-8300
6. Harding Wealth
Harding Wealth is a wealth management firm that places great emphasis on the people they serve. With a focus on making clients’ lives simpler, it understands the importance of taking a comprehensive approach to financial planning. With a team of experts who have a combined experience of over 25 years in the industry, the firm offers a unique blend of expertise and personal touch.
The firm’s approach to wealth management starts with a detailed financial plan that considers a wide range of factors, including taxes, real estate, estate planning, insurance, education planning, and social preferences. It aims to create an adaptive financial plan that evolves with the client’s changing needs and goals.
At Harding Wealth, the team believes that the people are its products, and its goal is to impact the clients’ lives positively. They strive to provide elegant portfolio design and effective financial planning that simplify their clients’ lives and help them achieve their financial goals.
222 S. Mill Ave #800
Tempe, AZ 85281
7. Johnson Financial Advisors
Johnson Financial Advisors (JFA) is a leading financial services firm that has been helping individuals and families achieve their financial goals for over 30 years. The firm was founded in 1981 by Phil Johnson, who at the time used a desktop computer to run his first retirement projections, showcasing the innovative spirit of JFA from the beginning.
Johnson Financial Advisors understands the importance of building long-term relationships with clients and is dedicated to providing personalized service and expertise. Its team consists of experienced professionals with diverse backgrounds in banking, securities, and finance.
Johnson Financial Advisors offer comprehensive financial planning, investment management, and retirement planning services to meet clients’ diverse needs.
Johnson Financial Advisors
1095 W Rio Salado Pkwy #201
Tempe, AZ 85281
Phone: (602) 242-4000
8. Summit Financial Solutions
Summit Financial Solutions is an Arizona-based financial advisory firm founded to assist clients in every aspect of their financial lives. With a reputation for remarkable personal service and over 100 combined years of experience, the firm provides a unique perspective and deep insight into financial planning.
The firm is dedicated to helping individuals, families, and employers through a personalized and needs-based approach. Its services include retirement guidance, investment analysis, asset management, tax reduction strategies, estate planning, and risk management.
At Summit Financial Solutions, the team takes pride in its warm, family-like atmosphere and genuine care for making a positive impact in the lives of others. The firm is built on principles of integrity, commitment, loyalty, and kindness, which are reflected in all client interactions.
Summit Financial Solutions
430 W. Warner Rd. Suite 123
Tempe, AZ 85284
9. Intrinsic Wealth Counsel, Inc.
Intrinsic Wealth Counsel Inc. is a dedicated financial planning and investment advisory firm offering comprehensive life planning and wealth management services to individuals, families, and businesses. Founded on compassion and fiduciary responsibility principles, the firm is committed to integrating clients’ money and lives and providing personal life-planning services.
As a fee-only firm, Intrinsic Wealth Counsel Inc. is independent, putting clients’ interests first. With decades of experience and discipline, the firm’s financial advisors provide customized portfolio solutions to achieve clients’ long-term financial goals. They offer a holistic approach to economic life planning, utilizing their skills and judgment to help clients make informed decisions.
Intrinsic Wealth Counsel’s ideal client is an individual or couple ready, willing, and able to take control of their financial lives. With this firm, clients can focus on what they enjoy and do best, knowing their financial future is in capable hands.
Intrinsic Wealth Counsel, Inc.
1255 W. Rio Salado Parkway #115,
Tempe, AZ 85281
Phone: (480) 924-5613
10. Legacy Wealth Alliance
Legacy Wealth Alliance is committed to providing personalized, comprehensive financial planning services to individuals, families, and businesses. With a focus on wealth management, its team of expert financial planners helps clients achieve their long-term financial goals.
Legacy Wealth Alliance understands the importance of financial planning and the peace of mind that comes from feeling confident about your financial future. The team understands that the client’s legacy is a reflection of his life’s work; hence, it strives to help him honor the legacy goals and leave a lasting impact on future generations.
With a focus on retirement planning, investment planning, insurance, estate conservation, and distribution planning, Legacy Wealth Alliance is dedicated to helping clients achieve their financial goals and secure their futures.
Legacy Wealth Alliance
8950 South 52nd St. Suite 204
Tempe, AZ 85284
Phone: (480) 212-7000
The team providing this Top Ten financial advisors in Tempe 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 Tempe. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Tempe 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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