Boise is the capital and most populous city in Idaho, one of the nation’s fastest-growing states. It’s no surprise that Boise is also home to a vast number of financial advisors.
Benzinga understands how challenging it might be for you to hunt for the right financial advisor. We’ve compiled a list of best advisors in Boise. Be sure to bookmark this page so you can visit our top picks any time.
Best Financial Advisors in Boise, Idaho Near You
- Best for High-Net-Worth Individuals: Cheri Pinkerton of The H Group, Inc.
- Best Robo-Advisor: M1 Finance
- Best for Comprehensive Wealth Management: Buffington Mohr McNeal
- Best for Tax and Accounting Services: Grow Rasmussen, LLP
- Best Portfolio Analysis: Personal Capital
- Best for Retirement Plan Management: ClearWealth Independent Fiduciaries, LLC
- Best for Long-Term Investing: Pacific Value, LLC
Best for High-Net-Worth Individuals: Cheri Pinkerton of The H Group, Inc.
The H Group is an independent, fee-only wealth management firm that has been around for 3 decades. The firm’s advisors average 20 years of experience and all its senior advisors are certified financial planner™ (CFP) professionals.
Most of the firm’s clients are financially comfortable retirees and individuals who have accumulated significant assets. The H Group offers wealth management and planning services such as investment planning, retirement planning, cash flow planning, estate planning, tax planning, educational planning and philanthropy.
Editors note: September 6, 2012, THG reached a consent settlement with the SEC based on a proxy voting violation (voting proxies in favor of the appointment of related entity, FocusPoint Solutions, to act as a sub-advisor to a mutual fund) under section 206(2) and 206(4) of the Advisers Act and Rule 206(4)-6. Without admitting or denying any of the SEC’s findings, pursuant to the SEC Order and Offer of Settlement, THG and its owner, Chris Hicks, agreed to the following: Payment of a $50,000 fine by THG. Mr. Hicks was also assessed a fine of $50,000 in his capacity as owner of THG. The group welcomes any inquiries regarding this matter.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance offers a DIY approach to managing your finances. The smart money management app gives you complete control over how you want to invest, spend and borrow money.
M1 is free to use and gives you the following options:
- M1 Invest lets you build a portfolio of stocks and exchange-traded funds (ETFs) for free. You can also automate your contributions with investing schedules.
- M1 Spend integrates your checking account and investments, giving you a seamless digital banking experience. You can transfer money, make direct deposits and spend with a debit card.
- M1 Borrow gives you access to a portfolio line of credit at 1 of the lowest rates in the market (as low as 2%)
- M1 Plus is an upgraded account that offers perks that you can get on signing up for $125. Some of the benefits include 1% cash back on certain purchases, low base rate when borrowing and much more.
Best for Comprehensive Wealth Management: Buffington Mohr McNeal
Buffington Mohr McNeal is a registered investment advisor in Boise that provides services on most aspects of finance — investments, trusts, insurance, income, assets, taxes and more. The firm’s clients are mainly those who don’t have the time, expertise or desire to manage their finances.
The firm offers services such as wealth planning, retirement planning and investment management to help you create a roadmap that is tailored to your financial objectives. The firm can also pull together your entire team of professional advisors — accountants, attorneys, etc., to generate the best results for you.
Best for Tax and Accounting Services: Grow Rasmussen, LLP
Grow Rasmussen is a certified public accounting firm that has extensive experience in multiple areas of tax, accounting and retirement. The firm has been around for more than 4 decades and has 4 partners today.
With the continually changing tax laws and legislation, it can be difficult to manage taxes on your own. The firm’s ability to stay abreast of tax-saving opportunities helps reduce your income tax burden.
The firm’s clients are typically individuals, start-up companies, proprietorships, partnerships, trusts and corporations.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital offers a range of free financial tools to help you manage your finances. You can link and view all your banking and investing accounts on your dashboard. This makes it convenient to view your money and track your budget. You can also monitor your investments and plan your retirement.
Best part? You can get these investment tools for free. If you are looking for managed services, you will require at least $100,000 in investable assets. There is an all-inclusive annual management fee of 0.89% for your first $1 million.
Best for Retirement Plan Management: ClearWealth Independent Fiduciaries, LLC
ClearWealth Independent Fiduciaries is a fiduciary investment firm, which means that it is free from any conflict of interest and works solely in your best interest. The firm is solely dedicated to retirement planning.
ClearWealth has a unique business structure that helps them manage your retirement plan with dynamic flexibility. The firm offers plan outcomes for plan sponsors and employees through better plan design, higher employee deferral rates and low-cost structure.
Best for Long-Term Investing: Pacific Value, LLC
Pacific Value is a registered investment firm that specializes in investing in the long term. The firm typically invests with a time horizon of 3-5 years and primarily involves equity and fixed-income investments.
For equity investments, the firm looks for quality companies with strong market and financial positions that suffer from near term price weakness. For fixed-income investment, the firm’s philosophy is to purchase bonds to preserve capital and provide cash flow.
The firm requires a minimum account balance of $1,000,000 and charges a fee that ranges from 0.5%-1.5%, depending on the size of the account.
Frequently Asked Questions
Do I need a financial advisor for retirement?
While financial advisors do offer aid for retirement planning, there is no such rule that you need a financial advisor for retirement. If you can manage your finances on your own, you can opt for a robo-advisor, which is a cheaper alternative to human advisors.
Do financial advisors check your credit?
No, financial advisors typically don’t check your credit unless it is really necessary.
Can financial advisors help mitigate debt?
Yes. Debt can be a real burden if you can’t manage your finances well. A financial advisor will create an escape route for you by evaluating your income, assets and so on. They might make suggestions regarding your expenditure, tax management, etc., to help you optimally repay your debt.
Choose a Financial Advisor in Boise, Idaho
A good financial advisor can definitely provide the financial guidance you need to shape your future. Perform a background check before you select a financial advisor. Try to meet several prospects, understand their offerings and make sure the strategy that they plan for you completely aligns with your goals.
Methodology
To determine the top financial advisors in Boise, Idaho, we pored through all SEC-registered advisory firms who have an office in Boise. To winnow down the list we only included advisors who were registered fiduciaries, had 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.