Host to the largest hot air balloon festival in the world, Albuquerque is also known for one more thing — an impressive collection of financial advisors. Choosing the right financial advisor can be a daunting task, so Benzinga put together a list of the best financial advisors in Albuquerque, New Mexico.
Quick Look at the Best Financial Advisors in Albuquerque, New Mexico:
- Best for Client Portal: Portfolio Wealth Advisors, LLC
- Best Robo-Advisor: M1 Finance
- Best for Targeted Approach to Wealth Management: Ulrich Investment Consultants
- Best for Individual and Institutional Investors: Hanseatic Management Services
- Best Portfolio Analysis: Personal Capital
- Best for Women: Better Money Decisions
- Best for Finding Custom Financial Advisors: SmartAsset
- Best for Excellent Client Service: REDW LLC
Best for Client Portal: Portfolio Wealth Advisors, LLC
Portfolio Wealth Advisors is a financial advisory firm owned by Lee Manson, a financial author and TV financial market analyst. The firm provides investment management and comprehensive financial planning services.
Portfolio Wealth Advisors was created to build a more user-friendly, modern financial model. The firm has a secure client portal that makes it easy for you to get information such as performance, positions, tax reports and more. The intuitive navigation of the client portal allows you to analyze your portfolio 24/7 using your computer, tablet or mobile phone.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is a perfect choice if you want to manage your money independently. You can access low-cost ETFs, individual stocks or a combination of both. You can also access a portfolio line of credit up to $10,000 and use M1 Finance’s checking account option to set up direct deposits.
You’ll be able to choose between 2 account types. M1 Finance’s Core account 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 includes:
- Core account features
- 1% APY on checking account balance
- 1% cash back 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 Targeted Approach to Wealth Management: Ulrich Investment Consultants
Ulrich Investment Consultants is a fee-only fiduciary partnered with Callan & Associates, a leading institutional investment service provider. Ulrich’s clients are high-net-worth individuals and families, institutions and sovereign tribes. Ulrich Investment Consultants provides a targeted approach to offer you robust, holistic, tailored solutions for all your financial needs.
Ulrich applies a best-practice approach based on the Fiduciary Code of Conduct. This means that the firm employs objective and transparent advice.
- 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)
Address
1805 RIO GRANDE BOULEVARD NW SUITE 1ALBUQUERQUE NM, 87104
Phone number
505-224-9100
Best for Individual and Institutional Investors: Hanseatic Management Services
Hanseatic Management Services is a 100% employee-owned and veteran-owned financial advisory company. The firm offers financial services for individuals and institutional investors.
Hanseatic offers a broad range of strategies that seek to produce income- and equity returns while limiting risk and volatility for individual investors.
Hanseatic offers a robust investment approach by using stock screening and quantitative analytics to build diversified equity portfolios that adapt to changing market conditions for institutional investors.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital is an investment portfolio tracking app that offers you 2 types of services — a spending and asset tracker and managed services. To qualify for a managed portfolio, you must have an account minimum balance of $100,000.
You can track a multi-asset portfolio with its free investment management tools. For more assistance, you can get a Personal Capital advisor who can offer tax optimization strategies and a framework to achieve your short- and long-term goals.
Best for Women: Better Money Decisions
Better Money Decisions is a wealth management firm created to empower women to live their best financial lives.
The firm provides 3 types of services:
- Financial planning for life: Includes end-to-end from tax planning, financial road map development, estate planning and more.
- Financial planning and divorce mediation: Helps you structure your settlement solution so that you can make more of your own money.
- Investment management: Offers a portfolio designed using passive investments in the right mix for you.
- Comparing Advisors
Best for Finding Custom Financial Advisors: SmartAsset
Find the right financial advisor to prepare for your future. SmartAsset's platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country.
As the first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides you with free and secure access to the financial advisor marketplace and sources advisors that are right specifically for you based on your location, assets and personal preferences.
Answer a brief survey regarding your preparedness for retirement, investment style and contact information so SmartAsset’s algorithm can match you with the best financial advisor for you.
Best for Excellent Client Service: REDW LLC
REDW has over 6 decades of experience and is one of the largest accounting and business consulting firms in the Southwest. The firm has been able to provide best-in-class service to its clients — 95% of clients recommend the firm, according to independent research.
REDW helps you gain access to capital and expand into new markets. The firm provides you with all the necessary information and training to make the most of your opportunities. It provides assistance for businesses, real estate, 401(k), IRA and other employee benefit plans, healthcare, state governments and tribes.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
- Financial planning services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- TAX PREPARATION
Address
7425 JEFFERSON NE ALBUQUERQUE NM, 87109
Phone number
505-998-3200
Find the Best Financial Advisor in Albuquerque, New Mexico
Looking at multiple financial advisors before you zero in on “the one” is completely understandable. In fact, it’s advisable. This is your financial future, which is important not only to you but to your loved ones as well. Choose an advisor from Albuquerque that best meets your financial goals.
Frequently Asked Questions
How can I research the background of my financial advisor?
You can look up a financial planner with FINRA’s BrokerCheck. The Financial Industry Regulatory Authority (FINRA) is an independent regulatory firm that ensures financial integrity.
What's the difference between financial planning and retirement planning?
The key difference between financial planning and retirement planning lies in the area of focus. Financial planning is a broad framework that includes planning for your education, estate, taxes and even your retirement. Retirement planning includes planning for your life after retirement and how you can still continue to make money even after you retire.
Can I talk to a financial advisor for free?
Yes, your first consultation with a financial advisor is always free.
Methodology
To determine the top financial advisors in Albuquerque, we pored through all SEC-registered advisory firms who have an office in Albuquerque. We winnowed the list by only including advisors that 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.