Des Moines is the capital and the most populous city in Iowa. Finding a financial advisor in Des Moines can be time-consuming because there are options galore. There’s no reason to worry because Benzinga has compiled a list of financial advisors so that you can narrow down your options easily. Now, isn’t that convenient? Read on to learn about our top picks!
Best Financial Advisors in Des Moines Near You:
- Best for Comprehensive Portfolio Construction: Prospective Value Partners
- Best Robo-Advisor: M1 Finance
- Best for Risk Analysis: Calibrate Wealth
- Best for Impact Investing: Mandala Financial Advisors
- Best Portfolio Analysis: Personal Capital
- Best for Comprehensive Financial Planning: Honkamp Krueger Financial Services
- Best for Small Businesses and individuals: Midwest Financial Consultants
Best for Comprehensive Portfolio Construction: Prospective Value Partners
Prospective Value Partners was founded by Kelly Flynn, a Harvard and University of Pennsylvania – Wharton alumnus and former managing director at Goldman Sachs.
Prospective Value Partners offers a comprehensive portfolio construction process as it offers appropriate diversification and sector weightings. The firm aims to create an aggregate portfolio that’s less expensive than the overall market but offers better growth, margin, return and leverage characteristics.
The firm’s team has a long and successful track record managing value-oriented portfolios in a variety of asset classes.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
With over 150,000 users, M1 Finance is a popular robo-advisor for investors looking to manage their money. There are 4 major areas within M1 Finance:
- M1 Spend replaces your checking account by letting you make direct deposits, transfer money or spend with a debit card.
- M1 Invest allows you to customize your portfolio, own individual stocks and ETFs and automate your contributions with investing schedules.
- M1 Borrow gives you access to a portfolio line of credit and lets you borrow up to 3.5% of your portfolio’s value.
- M1 Plus is the upgraded M1 account that offers perks such as a 1% annual percentage yield (APY) on your checking account, 1% cashback on certain debit card purchases, low interest rate on borrowing and much more.
There’s no minimum balance required to open an M1 account. The M1 Basic account is $0 and the M1 Plus account is $125 annually.
Best for Risk Analysis: Calibrate Wealth LLC
Calibrate Wealth is a financial advisory firm that specializes by capturing your risk tolerance and suggesting a portfolio based on your results. The firm creates 3 distinct market outcome portfolios: Market Up, Market Down and Market Flat. This design was created with the aim to perform well in any market climate, not just for when the stock market goes up.
Calibrate provides products and services for individuals, registered investment advisors and foundations. The firm offers services such as financial planning and investment options such as 401(k) rollovers and IRA investing.
Best for Impact Investing: Mandala Financial Advisors, LLC
Mandala Financial Advisors offers personalized financial guidance to clients at every stage of life — starting out, building a family or retiring.
Mandala sets itself apart by promoting impact investment which involves investing for positive environmental and social change.. Mandala aims to empower you to invest your money in ways that can bring about a change in not just your own life but also to the community.
Phone number
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital is an excellent option if you want to plan your finances with a robo-advisor. The app’s dashboard gives you access to your banking account and investment account in 1 secure place. This makes it easy for you to plan your budget, monitor your investments and plan for your retirement.
If you want financial guidance from advisors who can manage your account, you would require at least $100,000. There is a 0.89% account management fee which can go as low as 0.49% if your account balance is larger.
Best for Comprehensive Financial Planning: Honkamp Krueger Financial Services, Inc.
The Honkamp Krueger Financial Services (HKFS) team of financial planning consultants partners with your certified public accountant (CPA) to develop tax-efficient strategies to meet your financial goals. In addition to your financial planning team, you may also have other operational experts to make that your plan is consistently on the right track.
In addition to planning services, HKFS also offers the following strategies:
- Asset management
- Retirement planning
- Insurance planning
- Tax planning
- Estate planning
- 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
3390 ASBURY ROAD DUBUQUE IA, 52002-2801
Phone number
563-582-2855
Best for Small Businesses and individuals: Midwest Financial Consultants Inc.
Midwest Financial Consultants is a registered investment advisor that has been around for more than 3 decades. The firm is a diversified financial services company that assists small businesses and individuals to meet their financial goals.
Midwest Financial Consultants offers the following services:
- Money management
- Fee-only financial planning
- Small business accounting and bookkeeping services
- Tax services including preparation and planning
The services provided by the firm are free of any hidden charges as there are no secret sales commissions.
Frequently Asked Questions
Which certifications should my financial planner have?
There are multiple certifications that qualify a professional financial planner. The certifications that are the most prestigious include chartered financial analyst (CFA) and certified financial planner (CFP®).
How can I research the background of my financial advisor?
You can look up your financial advisor on the investment adviser public disclosure website by the Securities and Exchange Commission (SEC). You can also use the BrokerCheck website by the Financial Industry Regulatory Authority (FINRA). You can enter a financial advisor’s CRD number or firm name and find out everything you need to know.
What’s the difference between financial planning and retirement planning?
Financial planning and retirement planning are both services offered by advisory firms. Financial planning is an all-encompassing road map to achieving your short- and long-term goals. This includes planning for college, a wedding and retirement, for example. Retirement planning is a subset of financial planning. The goal here is to be financially secure even after you retire by identifying sources of income, managing assets, implementing a savings program and so on.
Find a Financial Advisor in Des Moines Today
Make the most of your money with the help of a financial advisor. They can help you create a comprehensive plan to meet your short- and long-term goals. You can contact an advisor that suits you best. Make sure you ask a lot of questions as you should ideally intend to have a long-term relationship with your advisor.
Methodology
To determine the top financial advisors in Des Moines we pored through all SEC-registered advisory firms that have an office in Des Moines. 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 offered both investment management and planning, had no conflicts of interest, had offices in multiple states, have a wrap fee program and have over $50 million in assets under management.