As the capital and most populous city of Hawaii, Honolulu is home to the finest financial advisors in the state.
Benzinga knows choosing a financial advisor isn’t easy. You need to navigate government databases, read the fine print and cut through the marketing lingo online. To help you, we’ve compiled a list of top financial advisors in the city to make the search process a little easier.
Best for Retirement Planning: The Retirement Optimization Group, LLC
The Retirement Optimization Group is a registered advisory firm that provides you with tailored strategies to meet short- and long-term needs.
The firm specializes in providing comprehensive retirement planning services through a coordinated approach that ensures that your plan is developed using an all-inclusive view. It helps you get a complete portfolio where all your financial, estate and tax preparation needs are addressed in a customized binder.
Although the firm does not provide tax or legal advice, it will work with your attorney or independent tax or legal advisor or will provide you 1 if you don’t have an attorney.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is a robo-investment advisor that makes it easy for you to take charge of your finances. M1 offers multiple ways to invest, borrow and spend your money.
M1 lets you do the following for free:
- Build a personalized investment portfolio
- Automate investment scheduling
- Access a portfolio line of credit when your portfolio value reaches $10,000
- Open a checking account to repay loans and set up direct deposits
If you wish to upgrade, M1 offers you its Plus account. It comes with an annual fee of $125 and includes:
- All Basic account features
- 1% APY on checking account balance
- 1% cashback on qualifying debit card purchases, no limits
- Access to a 2nd daily trade window
- 2% rate for portfolio line of credit (1.5% rate reduction)
Best for Individual Portfolio Management: C.M. Bidwell and Associates Ltd.
C.M. Bidwell and Associates is a boutique, independent firm with professionals that have over 30 years of experience.
The firm focuses on individual portfolio management for both institutions and individuals. It applies an academic, research-oriented and disciplined approach to create high-performing portfolios.
The firm offers 5 financial services including institutional portfolio management, individual portfolio management, private wealth management, financial planning and retirement planning.
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.
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 and 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.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital gives you a complete view of all your accounts in 1 secure platform to help you budget finances and keep track of your spending. It offers free investment management tools so that you can track a multi-asset portfolio.
There are 2 ways you can use Personal Capital:
- Personal Capital’s free planning tool lets you manage your spending and assets for free.
- Managed services can give you tax-saving strategies and plans to achieve your short- and long-term goals. You also get 401(k) and IRA advice and an approach to diversification on your 1st consultation. You can qualify with a $100,000 minimum account balance.
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.
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.
Best for Range of Investment Services: Yim Investment Management, LLC
YIM Investment Management is a registered financial advisory firm. The firm’s primary advisor is a retirement specialist and holds the Certified Financial Planner™ (CFP®) certification.
YIM caters to a wide range of needs with nearly all the major investment services. Services include:
- Financial planning
- Banking consultation and services
- Retirement planning
- Family estate consultant
- Comprehensive asset management
- Real estate
- Mortgage financing
- Medical, medicare and medicaid planning
- Life insurance
- Long term care
- A percentage of assets under your management
- Commissions
- Financial planning services
- Pension consulting services
- Publication of periodicals or newsletters
- Educational seminars/workshops
Address
1950 YOUNG STREET SUITE 288 HONOLULU HI, 96826-2150
Phone number
808-955-8800
Frequently Asked Questions
Do I need a financial advisor for retirement?
Hiring a financial advisor for retirement can be helpful if you lack the time or skill to manage your finances on your own. If you want to plan for retirement, you can even opt for a robo-advisor — a cheaper alternative to a financial advisor.
Can I talk to a financial advisor for free?
Yes. The 1st consultation with a financial advisor is typically free
How can I research the background of my financial advisor?
You can look up an advisor on the U.S. Securities and Exchange Commission (SEC) website. Once you find the advisor, you can check if there are any disclosures to see if they have a clean disciplinary record.
Choose a Financial Advisor in Honolulu
Financial advisors provide the guidance you need to achieve your financial goals and manage your investments. Make sure you ask financial advisors whether they are a fiduciary, which requires the firm to put your interests 1st. Start with our list of recommended firms to find a financial advisor in Honolulu today.
Methodology
To determine the top financial advisors in Honolulu, Hawaii, we pored through all SEC-registered advisory firms who have an office in Honolulu. 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, have a wrap fee program and have over $50 million in assets under management.