Expertise.com

2024

Last updated:

Best Financial Advisors in Santa Fe

Our Recommended Top 4

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Santa Fe Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

23Reviewed

15Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

150 Washington Avenue Suite 201, Santa Fe, NM 87501

Expertise.com Rating

Review Sources

Google
4.8 (62)
Facebook
5.0 (16)
Yelp
4.2 (11)

Why choose this provider?

Located in Albuquerque, Jon Bell CPA & Associates caters to clients throughout Santa Fe. It deals with financial planning and advises individuals on areas related to retirement funding. The company also handles tax planning and identifies tax credits or deductions to help lower its clients' payment obligations. It has experience assisting a wide range of people, from eye doctors and dermatologists to veterinarians and dentists. Its founder, Jon Bell, serves as a member of the New Mexico Society of CPAs.

  • Tax Planning
  • Tax Preparation
  • Retirement Planning

9400 Holly Ave NE, Bldg 4, Albuquerque, NM 87122

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Legacy Financial Group serves clients in Santa Fe. With over $155 million in managed assets, the company offers personal value-based financial planning that includes asset management and education and retirement planning. It also provides insurance, tax, accounting, employee benefit, and investment advisory services through Voya Financial Advisors. Legacy Financial Group aims to provide risk management plans and to create long-term assets for its clients with a belief that it is essential to understand and guide people's financial conditions to reap future benefits.

  • Insurance Products
  • Financial Planning

2218 Old Arroyo Chamiso, Santa Fe, NM 87505

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

The Rikoon Group is an investment advisory firm serving the Sante Fe metro and nearby areas. It caters to individuals, families, business owners, and non-profit organizations. The company provides an array of services, including estate planning assistance, customized portfolio management, and cash spending analysis. Its financial advisors also handle multi-generational counseling, business consulting, income tax and insurance review, and property management. The Rikoon Group has been delivering personalized investment and financial planning solutions since 1982.

  • Estate Planning
  • Certified Financial Planner (CFP)

6100 Uptown Blvd, Suite 540, Albuquerque, NM 87110

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Portfolio Wealth Advisors offers investment management and comprehensive financial planning services to clients in Santa Fe. It assists clients in saving for a retirement that fits their lifestyles, develops wealth-building strategies, provides estate and tax plans, and customizes financial programs for their specific financial goals. Lee Munson, the company's founder, is a Chartered Financial Analyst and Certified Financial Planner. He is frequently invited by CNBC, CNN, and Fox Business as an expert financial market analyst.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

FAQs

  • 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.

  • What should you do to achieve your retirement goals in Santa Fe?

    To achieve your retirement goals in Santa Fe, it is important that you establish a plan. You should allocate your assets to determine how your investments will be distributed for bonds, stocks, or other cash alternatives. You must also clean up your accounts from current and past employers and manage beneficiary designations.

  • What are your education funding options in Santa Fe?

    You can use various types of savings accounts in Santa Fe to fund your family members' education. For instance, you can use the 529 plan, which is the most tax-efficient way to save for your child's education. It is a state-sponsored plan that allows higher contribution limits. You can also choose Coverdell Education Savings Account, which offers more investment options than a 529 plan. In addition, you can create a custodial account, however, it may be subject to tax liabilities.

  • What is the purpose of a Trusteed IRA for individuals and families in Santa Fe?

    A Trusteed IRA is a tool that can help individuals and families in Santa Fe establish their wealth plans. It combines the tax benefits of a traditional or Roth IRA. It also addresses matters involving the ability of a beneficiary to manage and use their assets wisely. A Trusteed IRA also puts a plan in place in case people cannot make investment decisions or pay bills.

  • Why do wealth transfers in Santa Fe fail?

    There are multiple reasons why wealth transfers fail and money does not survive transfers multiple generations in Santa Fe. Sometimes, families do not communicate clearly with each other. They might also lack a shared vision about their family's wealth. Some family members are only focused on money and the things they can achieve or acquire using it. This might lead to misuse and overspending.

  • How does owner-only defined benefit plan work in Santa Fe?

    An owner-only defined benefit plan is designed for business owners in Santa Fe who want to save more money and increase or maximize their contributions. Business owners should have a stable income, typically over $100,000 per year. They should contribute for at least three years, but they can contribute more or less each year if business conditions change.

  • 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.