There’s more than meets the eye in Hawaii. Beyond beautiful beaches and delicious food, did you know that it’s also home to high-quality financial advisors?
Benzinga’s compiled a list of top financial advisors in the state of Hawaii so you can get the best financial guidance today. You can tell us “Mahalo” after you take a look.
Best Financial Advisors in Hawaii Near You
- Best for Individual Portfolio Management: C.M. Bidwell and Associates Ltd.
- Best Robo-Advisor: M1 Finance
- Best for Comprehensive Wealth Management Services: Robert Priske LLC
- Best Mobile App: Betterment
- Best for High-Net-Worth Individuals and Institutions: Cadinha and Company LLC
- Best Portfolio Analysis: Personal Capital
- Best for Automated Investment Program: Lee Financial Group Hawaii
- Best for Families and Businesses: Blue Skies Financial Planning LLC
Best for Individual Portfolio Management: C.M. Bidwell and Associates Ltd.
C.M. Bidwell and Associates is an independent registered investment advisory firm located in Honolulu. The firm has professionals with over 30 years of experience and top certifications such as certified financial planner (CFP®) and chartered financial analyst (CFA).
The firm offers 5 financial services including institutional portfolio management, individual portfolio management, private wealth management, financial planning and retirement planning.
The firm focuses on individual portfolio management for both institutions and individuals. It applies an academic, research-oriented and disciplined approach to creating high-performing portfolios.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance offers a DIY approach to managing your money with its seamless platform. You can perform all your primary financial activities — spend, invest and even borrow money.
M1 lets you make direct deposits, transfer money and spend with a debit card. It also lets you build a custom portfolio, own fractional shares and automate your investment schedule. If you want to borrow money, you can do so up to 35% of your portfolio’s value.
If you want to upgrade to an account that offers cashback, low borrow rate and other perks, you can opt for the M1 Plus account. The account has an annual charge of $125 but requires no minimum balance.
Best for Comprehensive Wealth Management Services: Robert Priske LLC
Robert Priske is a fee-only investment advisory firm that offers financial guidance to businesses, individuals and families. Located in Honolulu, the firm has been around for over 30 years and offers a full suite of wealth management services including:
- Financial planning
- Investment management
- Retirement planning
- Real estate
- Tax planning
- Estate planning
The firm requires at least $500,000 as account minimum and charges $0.002 per quarter with discounts for accounts over $2 million.
- ETF Investors
Best Mobile App: Betterment
Whether you are a new investor or seasoned pro, you’ll find the Betterment app extremely convenient for investing. The app manages your money and invests it in a recommended portfolio when you deposit.
You can choose between Betterment Digital and Premium. Digital charges an annual fee of 0.25% of assets under management. You can start investing with no minimum balance.
Betterment Premium gives you unlimited phone access to certified financial planners (CFP) for a 0.40% annual fee and $100,000 account minimum. This includes in-depth advice on investments, such as creating a plan to manage your 401(k), real estate, IRA and other investments.
Best for High-Net-Worth Individuals and Institutions: Cadinha and Company LLC
Cadinha and Company is a registered, fee-only fiduciary that’s served high-net worth individuals and institutions for more than 40 years. The firm is located in Honolulu, Hawaii and Park City, Utah.
Cadinha and Company serves clients throughout the Hawaiian islands and has $1.7 billion in assets under management. The firm is a fiduciary, which means that it puts clients first and provides a transparent fee structure.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital is a 2-in-1 digital money management service that lets you link all your accounts and tracks your spending patterns.
Available on Apple’s App Store and Google Play, you can get free planning and analytical tools. You can view your net worth, plan for education, analyze your holdings and more.
If you want managed services, you can do so if you have more than $100,000 in assets under management.
Best for Automated Investment Program: Lee Financial Group Hawaii
Lee Financial Group Hawaii is an independent, privately-owned firm that offers services to a broad range of clients — individuals, trusts, estates, businesses and charitable organizations.
The firm offers customized investment and wealth management services for investment goals that could be wealth growth, retirement planning, asset protection and more.
The firm also offers an automated electronic investment advisory program called HORIZON. This program uses technology to determine your portfolio and asset allocation based on your age, risk tolerance, and time horizon. You can get started for $5,000 and access it on any device.
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Address
3113 OLU STREET HONOLULU HI, 96816-1425
Phone number
808-988-8088
Best for Families and Businesses: Blue Skies Financial Planning LLC
Blue Skies Financial Planning is a Hawaii-registered investment advisor that provides planning and investment advisory services to families and businesses.
For families, the firm evaluates your financial position and goals. This is done so that it can either create a full financial plan that encompasses all aspects of your financial life or create a limited assignment like asset allocation or estate planning.
The firm works on project-specific assignments for business plans such as ownership transition plans, cash flow forecasting or other comprehensive business plans like selling the business.
Frequently Asked Questions
What’s the difference between financial planning and retirement planning?
Retirement planning is a facet of financial planning. Simply put, financial planning involves planning for short- and long-term goals. Short-term goals could be a home addition, wedding expenses, and more. Long-term goals include legacy planning and even retirement planning.
Retirement planning involves strategizing how you can be financially secure after you quit working.
Can financial advisors help mitigate debt?
Absolutely. Financial advisors can create a plan for you to manage your assets, taxes and much more so that you can come up with a plan to get out of debt.
Can I talk to a financial advisor for free?
Yes, there is typically no charge for your first consultation with a financial advisor.
Choose the Right Financial Advisor in Hawaii
Good financial advisors are equipped to boost your returns by implementing strategies that can help you make the most of your money. Make sure your financial advisory is a fiduciary. This means that the firm will put your best interests first a hidden agenda for commissions or incentives.
Methodology
To determine the top financial advisors in Hawaii, we pored through all SEC-registered advisory firms that have an office in Hawaii. 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.