1. Home
  2. Financial Advisors

Best Financial Advisors in Boise, ID

Aug. 15, 2019, 8:17 p.m.

People in Boise hire financial planners to manage their investments, give financial advice and help them prepare for retirement. Our partners at ConsumerAffairs researched the best financial advisors in Boise to help you find a trusted, fiduciary advisor to make your financial goals a reality.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KIVI TV may receive compensation from our partners. Learn more.

Powered by
×
#1
RECOMMENDED
Facet Wealth

Real Financial Planning

VISIT WEBSITE
Sponsored Ad
#1 MOST POPULAR
Facet Wealth
Facet Wealth
Features
  • Work with a dedicated CFP
  • Complimentary goal setting & financial analysis session
  • Goal-based financial planning
  • Get an individually tailored financial plan
Read More
VISIT WEBSITE Sponsored  Ad
#2
Tree City Advisors
Tree City Advisors
Features
  • Manages over $72,000,000 in more than 500 accounts
  • Average account value over $141,000
  • Manages individual & business portfolios
  • Fee-only, asset-based money management & financial planning
Location
1673 W. Shoreline Dr., Ste. 140
Boise, ID 83702
(208) 888-1244
#3
Petso Financial Consultants
Petso Financial Consultants
Features
  • Manages over $575,000,000 in total assets
  • Minimum assets requirement of $25,000
  • Offers complete financial planning
  • Focuses on long-term investments & diversification
Location
1405 W. Main St.
Boise, ID 83702
(208) 853-2000
The Helmstar Group
The Helmstar Group
Features
  • Over $165,000,000 in total assets under management
  • Requires initial account balance of at least $500,000
  • Independently owned
  • Offers philanthropic planning strategies
Read More
Location
250 S. 5th St., Ste. 600
Boise, ID 83702
(208) 429-0800
Rathbone Warwick Investment Management
Rathbone Warwick Investment Management
Features
  • M-F: 7:30am - 4:30pm
  • Closed Sat and Sun
  • rathbonewarwick.com
Location
U.S. Bank Plaza 101 S. Capitol Blvd., Ste. 1701
Boise, ID 83702
(208) 297-5445
Mountain Pacific Investment Advisers
Mountain Pacific Investment Advisers
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • mountain-pacific.com
Location
877 W. Main St., Ste. 704
Boise, ID 83702
(208) 336-1422
Buffington Mohr Mcneal
Buffington Mohr Mcneal
Features
  • M-Th: 8am - 5pm
  • F: 8am - 5:30pm
  • Closed Sat and Sun
  • bmmria.com
Location
Historic Hoff Bldg. 802 W. Bannock St., Ste. 100
Boise, ID 83701
(208) 338-5551
Northwestern Mutual
Northwestern Mutual
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • northwesternmutual.com
Location
1111 W. Jefferson St., Ste. 540
Boise, ID 83702
(208) 383-0210
Berkeley, Inc.
Berkeley, Inc.
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • berkeleyinc.com
Location
3778 N. Plantation River Dr., Ste. 102
Boise, ID 83703
(208) 853-6980
Aspen Capital Management
Aspen Capital Management
Features
  • M-F: 9am - 4pm
  • Closed Sat and Sun
  • aspencapitalmgmt.com
Location
802 W. Bannock St., Ste. 701
Boise, ID 83702
(208) 345-0174
Pensionmark
Pensionmark
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • pensionmark.com
Location
172 S. Academy Ave., Ste. 130
Eagle, ID 83616
(888) 939-0233

Choosing a financial advisor in Boise

skyline

Everyone benefits from the expertise and resources of a financial advisor. These asset management professionals dedicate themselves to assessing your financial situation and setting you up for future success. Financial advisors help you:

  • Set up college funds
  • Save for retirement
  • Manage your investments
  • Handle the details of your finances
  • Secure your financial future
  • Get objective advice from a knowledgeable source

Whether you are just starting your career or have accumulated significant assets, financial advisors help you keep your money organized and navigate towards a secure financial future. Other benefits of hiring a financial advisor in Boise include:

  • Saving you time trying to manage your finances on your own
  • Having access to the advisor’s extensive network, education, resources and experience
  • Increasing your confidence in your financial decisions

Some financial advisors have a minimum amount of assets clients must exceed, but people with any amount of money can find a financial advisor willing to work with them.

Types of financial advisors

There are many different types of financial advisors, so choose one that has experience relevant to your needs.

Type of Financial Advisor Description
Investment advisor These advisors provide guidance and advice about securities and rarely focus on other types of investments like real estate.
Certified Financial Planner (CFP) This certification is typically considered the gold standard for financial planners. These professionals complete extensive training and education and abide by a strict code of ethics and standards.
Estate planner These advisors put all of your affairs in order, so they are manageable after your death. This includes putting together a will, setting up trusts and designating beneficiaries.
Personal Financial Specialist (PFS) Certified Public Accountants complete significant financial planning education to become a PFS. These advisors have extensive knowledge of asset management and taxes.

All of these types of financial advisors fall into two more categories to pick between: fiduciaries and non-fiduciaries.

Type of Financial Advisor Description
Fiduciary Financial Advisors Fiduciary financial advisors abide by a legal and ethical standard that forces them to act in their client’s best interest. A fiduciary in Boise should want to know every detail about your family's financial state to help you make the best decisions based on your unique circumstances.
Non-fiduciary Financial Advisors A non-fiduciary financial advisor usually meets a less strict standard that only requires them to provide suitable financial advice. This means that non-fiduciaries sometimes recommend options less than ideal for you if it personally benefits them more. Non-fiduciaries are typically more concerned about helping you buy and sell investments than making decisions that affect your financial future.

Once you know what type of financial advisor you want, you’ll have to choose whether you want to deal with a robo-advisor or a human advisor.

Type of Financial Advisor Description
Robo-advisors Robo advisors are computer-based software systems that analyze and manage a customer’s investment portfolio. This type of financial planning is geared to help buy and sell investments, but not necessarily help your family make strategic financial decisions for the future.
Human advisors Human advisors are real people that meet with you face-to-face or online to help you make specific financial decisions that impact your family's future. Human advisors tend to cost more and frequently require a minimum account balance, but many Boise residents report that the personal interaction and customer service is worth it.

What is the cost of a financial advisor in Baltimore?

Different financial advisory services get billed in different ways, so the average cost for a comprehensive financial plan from a fee-based financial advisor in Boise is a flat fee between $1,000 - $2,000, but other clients might pay a monthly retainer for ongoing asset management services.

If your financial advisor is handling investments for you, their fee is likely a percentage of the assets you have invested. Expect to pay 1 percent of the total assets he or she is helping you manage. Some financial advisors get paid a commission based on the investment transactions they advise.

A financial planner that uses a fee-only pricing structure gets paid for their services directly from the client without any commission or reimbursement from third parties. A fee-based pricing structure depends not only the services that the financial planner offers but also a commission from any financial products or programs in which the client invests.

As mentioned above, not all financial advisors have the same credentials or experience, and those with more training and experience often cost more than general financial planners. Some advisors also charge more for active management when their service surpasses typical financial advising and focuses more on actively beating the market.

What qualifications should a financial advisor have?

As you search for the right financial advisor in Boise, make sure you check their qualifications, which should include:

  • At least a bachelor's degree from an accredited college or university
  • An MBA (optional)
  • A General Securities Representative license
  • A Series 63 license
  • Other professional certifications like being a CFP or PFS

Choosing the right financial advisor in Boise comes down to asking the right questions. If having an advisor who keeps your best interests in mind is important to you, make sure they are a fee-only fiduciary. Other questions to ask include:

  • How do you get paid?
  • How many clients are you working with right now?
  • How do you invest your own money?
  • How do you measure success?
  • What is your investment philosophy?
  • How do you keep in touch with clients?

All too often, people get scammed by dishonest individuals pretending to be financial advisors who give out bad advice, take payment and are never heard from again. The more you know about financial advising scams and how to spot them, the safer you are.

To avoid falling victim to financial advising schemes and scams in Boise, do your research. Speak to long-term clients, get referrals and don't be afraid to ask questions. Use resources from the Financial Industry Regulatory Authority and the Securities and Exchange Commission to check your financial advisor’s qualifications and history. Your hard-earned money is at stake, and you have the right to be picky with whom you choose to manage it.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Facet Wealth provides both in-person and online financial planning to help Boise residents manage their money without spending most of it on fees. Founded in 2016, this company gives customers access to trained CFPs dedicated to responsible and profitable asset management. Customers rave about how Facet Wealth combines expert financial advice with a personal touch.

Sponsored Ad

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.