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Best Financial Advisors in Rio Rancho

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Rio Rancho, NM
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

Avatrine Financial logo
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Avatrine Financial

6100 Seagull St. NE Suite B-205, Albuquerque, NM 87109
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  • Finance Planning

Business Description

Avatrine Financial is an advisory firm serving the Rio Rancho community. It aims to help clients build and protect their wealth by providing financial advisory services, such as investment advisory, money management, employee benefits consulting, and legacy planning. The firm also offers insurance and Medicare plans. CEO Kayla Hebb, a financial advisor since 2005, served as president of NAIFA New Mexico. She has a Bachelor's degree in Finance and a Master's degree in Financial Services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (6)
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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––
Detail
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Bret Hamilton, CLU, CLTC, ChFC logo
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Bret Hamilton, CLU, CLTC, ChFC

8220 San Pedro NE Ste 505, Albuquerque, NM 87113
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  • Finance Planning

Business Description

Bret Hamilton is a wealth management advisor from Northwestern Mutual who serves the Rio Rancho community. He specializes in retirement planning and also offers a wide range of financial services, such as education funding, estate planning, and assistance with employee and executive benefits. Hamilton also offers a variety of insurance products, including long-term care, disability income, and term and permanent life insurance. He can also help clients make informed decisions on choosing asset allocation strategies for their financial goals. Hamilton is a Chartered Financial Consultant.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Charles Stephen logo
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Charles Stephen

5951 Jefferson St. NE, Suite D, Albuquerque, NM 87109
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Charles Stephen is a financial advisory firm serving individuals and families in Rio Rancho. Its advisors assist clients in their financial affairs and meet them regularly to review their portfolios. They also discuss clients' changing circumstances and inform them about potential financial threats. Their signature services also include budgeting and cash-flow management, business succession planning, asset protection and risk management, and tax planning strategy formulation. Co-founder Steve Ciepiela has 40 years of experience in the industry, holding various designations, including CFP, CRC, and an AIF.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Davis Advisory Group, LLC logo
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Davis Advisory Group, LLC

5130 Masthead St. NE Suite C, Albuquerque, NM 87109
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  • Financial Planning

Business Description

Davis Advisory Group, LLC, is a company that serves the residents of Rio Rancho and the neighboring communities. Its team of professionals offers a wide range of options, including wealth management, income tax planning, and 401(k) rollovers. The business also assists with retirement planning, estate preservation or distribution, and social security distribution planning. Davis Advisory Group, LLC, has been providing financial services since 2001. Its owner and financial advisor, Chris Davis, has 25 years of industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Forthright Financial Planning LLC logo
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Forthright Financial Planning LLC

2125 Wyoming Blvd NE, Albuquerque, NM 87112
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  • Certified Financial Planner (CFP)

Business Description

Forthright Financial Planning LLC provides financial advisory services to clients in Rio Rancho and the surrounding communities. It focuses on investment management to assist individuals in preparing for their future goals. It also guides clients in establishing financial plans, including tax strategies, debt control measures, cash flow plans, budgets, and Social Security maximization analysis. The company serves clients going through major life transitions, such as the death of spouses or having children with special needs.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
John Moore Associates logo
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John Moore Associates

8220 San Pedro Dr. NE Suite 310, Albuquerque, NM 87113
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  • Certified Financial Planner (CFP)
  • Finance Planning

Business Description

John Moore Associates advises Rio Rancho residents on their financial concerns. Its team collaborates with insurance advisors, CPAs, estate attorneys, and business planners to assess each aspect of the client's life and create a plan that meets their goals. The company incorporates biblical principles in its wealth management and investment strategies. Since 2012, it has helped families transfer over $28 million worth of charitable donations. John Moore, who established the firm in 1997, is a Certified Kingdom Advisor and Certified Investment Management Analyst.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kevin A. Brown logo
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Kevin A. Brown

4425 Juan Tabo NE Suite 101, Albuquerque, NM 87111
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  • Financial Planning

Business Description

Kevin A. Brown provides financial planning services for clients in Rio Rancho. The firm implements the PAIL approach in serving customers. It helps in finding the right protection plans such as long-term care and disability insurance. Its agents assist in asset management, offering tax-efficient strategies in planning one's retirement. In addition, they advise about generating income for retirement and legacy planning. Brown is a Chartered Life Underwriter and a Chartered Financial Consultant who works with people like dentists and attorneys in the yoyo economy.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.0
Responsiveness
Friendliness
––
Helpfulness
Detail
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Legacy Financial Group logo
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Legacy Financial Group

9400 Holly Ave NE, Bldg 4, Albuquerque, NM 87122
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  • Finance Planning

Business Description

The Legacy Financial Group caters to any financial planning inquiries and concerns around Rio Rancho. It assists in value-based financial planning, asset management, and income tax preparation. It also offers products for life, disability, long-term care insurance. Its advisors employ a hands-on approach by personally educating clients on their options and their goals. One of its managing partners, Edwin S. Fernandez, is a certified public accountant and Personal Financial Specialist with over 20 years of experience in the industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Nagel CPAs, LLC logo
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Nagel CPAs, LLC

2240 Grande Blvd SE Suite 103, Rio Rancho, NM 87124
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  • Tax Planning

Business Description

Nagel CPAs, LLC, is an accounting and financial advisory firm serving Rio Rancho. One of its core services is financial planning. Its advisors help clients develop a plan tailored to their needs such as retirement. Other services include client accounting and bookkeeping, financial reporting, and tax planning and preparation. Its founder, Roger Nagel, is a certified public accountant and served as the chief financial officer in a large independent school. He has more than 40 years of experience in the industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (8)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Oakmont logo
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Oakmont

2001 Carlisle Blvd NE, Ste D, Albuquerque, NM 87110
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  • Retirement Planning
  • Financial Planning

Business Description

Serving Rio Rancho and the nearby areas, Oakmont is a financial advisory firm that serves clients' financial planning needs in the area. The firm has been in business since 1970, offering individuals and their families customized financial roadmaps that help them attain their long-term financial objectives. These strategies include investment management, income planning, tax planning, healthcare planning, and estate or legacy planning. Oakmont has been featured on various media outlets such as Forbes, Yahoo! Finance, and CBS.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Portfolio Wealth Advisors logo
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Portfolio Wealth Advisors

6100 Uptown Blvd, Suite 540, Albuquerque, NM 87110
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  • Certified Financial Planner (CFP)

Business Description

Portfolio Wealth Advisors provides wealth management services to clients in the metro of Rio Rancho. With the understanding that each client has different financial goals, the company designs and customizes programs based on their unique aspirations. Its advisors monitor the performance of the client's portfolio and make necessary adjustments to maximize returns. They also help clients save for retirement, minimize tax exposure, and plan their estate. Lee Munson, the firm's founder, is the author of Rigged Money: Beating Wall Street at Its Own Game.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Steve Lynch Wealth Management logo
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Steve Lynch Wealth Management

6605 Uptown Blvd NE Ste 330, Albuquerque, NM 87110
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  • Financial Planning

Business Description

Steve Lynch Wealth Management serves clients in and around Rio Rancho. For the past 30 years, the firm has been helping clients achieve their long-term financial objectives through personalized strategies and solutions. This includes conducting a thorough analysis of a client's financial status, setting realistic and attainable goals, creating customized financial plans, and continuously tweaking and evaluating strategies to ensure all needs are met. President Stephen C. Lynch has been a Certified Financial Planner since 1990.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (28)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Helpfulness
Detail
UAS Wealth Advisors logo
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UAS Wealth Advisors

7601 Jefferson St. NE Ste # 360, Albuquerque, NM 87109
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  • Retirement Planning
  • Wealth Management
  • Investment Advisor

Business Description

UAS Wealth Advisors offers clients in Rio Rancho assistance in managing their finances. Its advisors help individuals and families in different financial matters, such as identifying the right insurance coverages, developing savings plans, and preparing for retirement. They also bring their investment experience into practice by guiding customers in building, implementing, and maintaining an investment portfolio. In addition, they provide employers with pre-existing 401k plans with fiduciary education, investment oversight, and plan setup. The firm has been in service for over 30 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
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Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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