Are you in search of reliable financial advisors in Thornton? There are a lot of people in Colorado who keep on searching queries like “best wealth advisors near me” on Google.
Hiring a financial advisor for managing your investments and wealth is a major decision. You are trusting a firm or an individual within a firm with your money and you’ll never want to be wrong with your choice.
But the question is, how to ensure that you are making the right decision and your money is in safe hands? This can be done by educating yourself about the different fee structures of financial advisors and then analyzing how each structure is going to affect your savings or retirement plan in the long run.
Why Do You Need Financial Advice?
You have so many options available when it comes to investing your money. Whether you are going through a career transition or thinking of starting a business, you need a smart financial strategy that can lead you toward success.
In order to make the right decision, a lot of people hire Thornton financial planners. The right financial advisor helps them to navigate smoothly through sudden life changes i.e. marriage, divorce, the birth of a child, switching a career, or getting retirement.
Parallel to that, while selling a business, you often need a new approach and point of view to look at things. In this scenario, an expert financial planner and business broker help you identify your strengths and weaknesses so that you can make sound financial decisions.
It’s a fact that every stage of your life asks for a different approach to planning, investing, and saving money depending on your circumstances. For instance, if you start investing money at the age of 20, your approach to managing wealth and investments will be far different than a person starting at the age of 65.
There are a lot of things that you should consider before investing money. Some of them include your current income, the strength of your portfolio, and most importantly the financial advisor you choose.
How Can You Accomplish Financial Planning
You can accomplish financial planning in several different ways. Some of them are:
1. Signing up with an online do-it-yourself investment company
When you choose an online do-it-yourself firm, it lets you do everything on your own without any human advice. This option comes with a lower price or cost to invest. It’s because there is no other human being involved in the process of handling transactions or doing research on your part.
2. Hiring a financial advisor
Just like hiring a Thornton business broker, the option of having your own financial planner or wealth manager comes at a higher cost but with lucrative results.
According to analysts, you can expect 2% to 4% higher results when you actively involve a financial planner as compared to handling it all alone.
Payment Structures of Thornton Financial Advisors
No doubt, the option of hiring a financial planner to generate greater returns is expensive. That’s why you must first analyze if this option is beneficial for you or not.
For this purpose, you need to develop a crucial understanding of how Thornton financial advisors make money. In this way, you’ll better be able to analyze how they help you make money.
The most commonly used payment structures when hiring financial advisors in Thornton 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?
Always remember that choosing the wrong payment structure can lead to a conflict of interest.
For example, if a financial advisor is charging you on an hourly basis and is not totally invested in helping you make more money, that person will surely spend time on another account. They make more money the more investments and assets grow in an Asset Management account.
In the same way, such financial advisors in Thornton can make unnecessary transactions if they get a flat fee per transaction.
In our opinion, choosing the commission-based fee structure can encourage more productive results. In this structure, a financial advisor takes a portion of the growth of the investment.
How to Choose the Right Financial Advisor in Thornton
Do you want to ensure that the financial advisors in Thornton are not pushing you to make investments that suit their interests more than yours?
The best way to do so is to ask the financial planner, “Do you have a fiduciary responsibility to my investments?”
If the financial planner is licensed, he/she must invest in your best interest first even if it does not benefit them. They will be bound by ethics and regulations to do so.
On the other side, if the financial planner does not hold a strong sense of fiduciary responsibility, he/she could lead you to a riskier path.
However, this risker path can also provide a higher payoff for you.
So, there’s no one formula fits all scenario here. It would be hard to determine which choice is better. Safer? Or bigger and better results? It entirely depends on your situation. You can try it both ways to find out which approach works best for you.
The wisest choice? Plan a meeting with your financial advisor and see if you feel comfortable with the road he or she has planned for you. Make sure it is tailored to the results you desire.
10 Best Financial Advisors in Thornton
To help you save time, we have prepared a list of the best financial advisors in Thornton after doing thorough research. The following companies are selected based on their experience, ratings, reviews, and expert services. Have a look:
1. Iceberg Back Office Management
Iceberg Back Office Management is a financial advisory firm proudly serving small to medium-sized businesses. The primary objective of the firm is to relieve its clients from the daily stresses associated with financial, operational, and administrative responsibilities. It can assist individuals in setting up payroll from scratch or taking over and processing payroll with their current payroll provider.
Iceberg Back Office Management provides account reconciliation, trade execution, trade settlements, and performance reporting services and helps its clients manage their financial accounts and office operations. It handles all payroll tax filings on a monthly, quarterly, and annual basis, freeing client time for more important tasks.
With over 20 years of experience in administrative and financial service, the Iceberg Back Office Management team can provide its clients with stellar suggestions and the best advice. The firm has high-end, luxury service demographics, personalization, quality service, and a duty to responsibly manage the estate and safeguard client assets. Its management team has high integrity, confidentiality, and accuracy, which is very important in the financial and business world.
Iceberg Back Office Management
2. APO Financial
APO Financial is an independent financial and investment advisory firm helping individuals create retirement strategies. Its goal is to demystify investing while helping build real-life, holistic, sustainable income plans for its clients. The firm provides other services, including discretionary and non-discretionary investment management and financial planning services to individuals, and also hosts educational seminars for retail investors.
Founded in 2008, APO Financial has considerable experience in the wealth management industry, and its team of dedicated staff monitors clients daily. The firm formally reviews client accounts annually to ensure their investment portfolio is still appropriate based on any changes to their financial condition, goals and objectives, or risk profile.
As a fiduciary firm, APO Financial works to help protect clients against many of the risks they may face as they age. It aims to have low-risk, low-volatility assets and is dedicated to identifying efficiencies and opportunities. The firm assists its clients in achieving their retirement objectives and maintaining their preferred lifestyle throughout their retirement.
10375 Park Meadows Drive Parkridge Four,
Suite 280 Lone Tree, CO 80124
3. Red Point Finance
Red Point Finance is a financial advisory firm serving businesses and individuals with Accounting Services, Financial Services, Tax Services, and Bookkeeping. The clients of the firm include any business, whether a startup looking for advice on how to start from scratch, an established Business needing a cost-conscious solution to manage its bookkeeping, or an individual looking for an expert set of eyes to strategically clean up and reorganize his financials for reporting and tax purposes.
Some of the major services of Red Point Finance include Business Consulting, bookkeeping, payroll, taxes, Reviews, compilations, audits, and cost accounting. The team of professional consultants utilizes their vast experience to provide the insight, vision, and execution necessary for businesses to budget & plan, reduce costs, manage cash flow, and increase their customer’s profits.
The professionals at Red Point Financial are extremely competent, well-informed, and approachable. They always communicate openly to ensure the client truly understands and is comfortable with the entire process. The firm distinguishes itself by providing a well-balanced mix of traditional accounting practices and strategic business consulting services.
Red Point Finance
4785 Tejon St,
Denver, CO 80211
Phone: (303) 209-3031
4. Peak Financial Management
Peak Financial Management is a financial advisory firm that offers comprehensive financial planning services. It also provides debt management, business planning, cash flow management, tax planning, retirement, and estate planning services.
For more than 20 years, Peak Financial Management has helped people discover the right path for their financial goals. It considers client needs and discovers how it can help by devising a personalized plan, implementing and monitoring the success. By creating a custom financial plan, the firm makes sure that the clients make the right decisions for their future.
It looks at every facet of the financial situation, demands, and best solutions for clients. After a thorough review, Peak Financial Management recommends the right products and services and continuously monitors progress. Since it doesn’t represent specific products, it gives the best advice that fits clients’ needs.
Peak Financial Management
10901 W 120th Ave # 135,
Broomfield, CO 80021
5. Blueprint Financial Services
BluePrint Financial Services is a financial planning advisory firm offering its services to individuals who are nearing retirement & searching for a financial partner. The firm provides services including financial planning, retirement planning, sustainable income planning, investment management, tax planning, and risk management.
The main objective of BluePrint Financial Services is to develop Custom Built, Goal-Based Financial Solutions for clients. Together with clients, the professionals here work to design their ideal retirement with a focus on creating stability and security as they transition toward financial independence. They create strategies that are tailored to an individual’s needs and goals.
As a fiduciary firm, BluePrint Financial Services only offers services and solutions it thinks will best benefit its clients, their family, and their retirement. The firm has financial experts who focus on developing a financial foundation based on fairness, honesty, transparency, and equity.
Blueprint Financial Services
6355 Ward Road Suite 306
Arvada, CO 80004
Phone: (303) 422-7351
6. All Season Financial Advisors
All Season Financial Advisors, Inc. is a fee-only Registered Investment Advisory firm offering comprehensive wealth management services to the mass affluent ($500k in investible net worth or more). It specializes in risk-managed investment and tax strategies with integrated financial and estate planning services as an affordable wealth management package.
All Season Financial Advisors uses a well-defined investment process that balances net exposure, selection, and position size to accommodate current market conditions, risks, and opportunities. Its investment strategies have a few common characteristics that utilize an active trading approach to generate returns using its own proprietary trading system.
As a fiduciary firm, All Season Financial Advisors provides custom financial planning and investment management services and sends monthly digital statements to clients. In addition, clients have 24/7 access to their complete portfolio through any of its third-party aggregator software platforms, that is, Orion or E-Money Advisor.
All Season Financial Advisors
731 Sherman St,
Denver, CO 80203
7. Priority Financial Partners
Priority Financial Partners is a registered investment advisor that prides itself on working with clients across a broad spectrum of financial situations but finds it best to fit those with investments totaling $250,000 or more.
The services that the firm offers include financial planning, investment management, and tax services. It educates its clients on the decisions and the reasoning behind them. The firm keeps its clients regularly informed so they never feel they are left in the dark.
There is transparent pricing for Priority Financial Partners, which means no hidden fees or surprises, which sets it apart from others.
As a fiduciary firm, Priority Financial Partners never receive commissions, kickbacks, or referrals and has always worked in the best interests of its clients. It selects investments and strategies driven by academic and Nobel-prize-winning research-not by people on a sales team.
Priority Financial Partners
501 S Cherry St #1100,
Denver, CO 80246
8. Buckingham Strategic Wealth
Buckingham Strategic Wealth is a Registered SEC and an Investment Advisory firm providing wealth management services to individuals, businesses, trusts, non-profit organizations, healthcare professionals, and retirees.
It provides a disciplined, evidence-based approach to investing and wealth strategies tailored to client needs. The firm puts the power of thoughtful, multi-faceted planning to work for its clients, helping them safeguard their financial futures and achieve their most important goals.
Buckingham Strategic Wealth takes a comprehensive approach to financial planning, and works to ensure the retirement you want by skillfully planning, and safeguarding your financial resource. The other services include wealth management, fixed income, risk management, advanced planning, investor education, institutional investing, and retirement plan management.
As a fiduciary firm, Buckingham Strategic Wealth not only personally pledges to put your needs first at all times but also embraces its legal obligation. The fee-only advisors of the firm are dedicated to helping clients identify their wealth goals.
Buckingham Strategic Wealth
1601 Wewatta Street Suite 875
Denver, CO 80202
9. Edelman Financial Engines
Edelman Financial Engines. is a financial planning and investment advisory that offers wealth management services and small-business solutions. The core mission is to allow everyone to move their financial life forward and meet their fullest potential. The firm offers various services focused on financial planning, investment management, estate and retirement planning, and money management.
As an investment advisory company, Edelman Financial Services has plenty of awards under its belt. For example, in 2021, Barron’s named it America’s top independent registered financial advisor. The company also received a similar award from Financial Times in 2020.
The leadership team of Edelman Financial Services comprises some of the brightest minds in the industry, with deep experience in financial services and fintech. As a fiduciary, the firm is dedicated to applying that passion with personal and objective financial planning and investment management services that always put its clients and their best interests first.
Edelman Financial Engines
1120 W. 122nd Avenue Suite 300
Westminster, Colorado 80234
Phone: (800) 601-5957
10. Triumph Capital Management
Triumph Capital Management is an SEC Registered Investment Advisory firm offering investment management and financial planning services to business owners, high-net-worth individuals and their families.
The commitment of the firm is to help clients work towards achieving all their financial goals and provide them with a stress-free retirement. It offers services that include estate and business succession planning, retirement planning, charitable planning, and tax-sensitive investment strategies.
Active portfolio management allows professionals of Triumph Capital Management to make investment choices tailored specifically to the client’s overall risk tolerance and objectives. The expert wealth management team relies on research, investment analysis, market forecasts, and its own judgment and expertise to oversee the client portfolio directly and ensures that they are always satisfied with its investing approach.
As a fiduciary firm, Triumph Capital Management upholds its duty when managing client assets. It approaches its fiduciary responsibility with the utmost integrity, keeping in view the ethical and legal distinctions entrusted with it. Its commitment to transparency is an immediate extension of its fiduciary responsibility.
Triumph Capital Management
1610 Wynkoop Street Suite 550
Denver, CO 80202
The team providing this Top Ten financial advisors in Thornton 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 Thornton. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Thornton 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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