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Best Financial Advisors in Bellingham

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Bellingham, WA
  • Estate Planning
  • Investment Management
  • Financial Planning
  • 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.

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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
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4.0 / 5 (4)

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4.0
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Price: Free consultation

Asset Advisors LLC logo
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Asset Advisors LLC

5060 Pacific Hwy, Ste 101, Ferndale, WA 98248
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Business Description

Asset Advisors LLC helps reach the financial goals of individuals and businesses in Bellingham. It comprises financial advisors who create a plan that assesses clients' present condition by looking at assets, income, and expenses. They also examine and modify the financial plan on a regular basis to keep it current and active. In addition, the team provides retirement planning, investment management, and estate planning solutions. Founder and wealth advisor Dick Donahue is a member of Financial Institution Services and a charter member of the Ed Slott IRA Advisory Group. He's also a Certified Financial Planner and an Accredited Investment Fiduciary. Camille Koppenberg is a co-advisor of the firm and holds the AAMS designation.

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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
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Cascadia Financial Group Inc. logo
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Cascadia Financial Group Inc.

1201 11th Street Suite 205A, Bellingham, WA 98225
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  • Retirement Planning

Business Description

Cascadia Financial Group Inc. offers financial planning solutions, investment management services, and employee benefit plans to clients in Bellingham. It provides professional guidance and products to ensure the proper implementation of insurance policies and retirement plans. It also helps clients map out their incomes, expenses, and taxes to create efficient investment plans and sound financial strategies for their respective lifestyles. Mark Hoemann, the company president, is a Certified Financial Planner, Chartered Financial Consultant, and Certified Employee Benefit Specialist.

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
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Clearbrook Investment Management logo
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Clearbrook Investment Management

Bellingham, WA
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  • Retirement Planning
  • Tax Planning

Business Description

Clearbrook Investment Management helps clients in the Bellingham metro with handling their finances. The firm helps clients with retirement planning, taking their future goals into account, and employing the use of a retirement process roadmap. Its advisors review each client's current financial situation to create a customized plan. These plans are then reviewed by the client before implementation. The company extends its services to clients who require assistance with tax planning. It was formed in 2014 by Ben Scellick.

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 (3)
Creative Money LLC logo
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Creative Money LLC

114 W Magnolia St, Bellingham, WA 98225
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  • Certified Financial Planner (CFP)

Business Description

Creative Money LLC is a financial advisory firm serving clients in Bellingham and nearby areas. It helps individuals and families achieve financial security and stability through financial planning. Founder Mindy Crary is a Certified Financial Planner who has 22 years of financial industry experience. She is the author of the book "Personal Finance That Doesn't Suck." Her team of financial planners includes Samantha Kirby, Katie Noble, and Dawn Torres-Gale. They have more than 30 years of combined 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
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5.0 / 5 (1)
Financial Plan Inc. logo
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Financial Plan Inc.

2115 Barkley Blvd #101, Bellingham, WA 98226
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  • Finance Planning

Business Description

Financial Plan, Inc. is an advisory firm serving Bellingham. It offers a four-step financial planning process to assess the clients’ financial pictures and use the data to develop plans that help them achieve their goals. These include preparing for retirement, meeting education expenses, maximizing wealth, or reducing debts and tax liabilities. It also assists them in recommending investment options, determining asset allocation, and constructing and managing their portfolios. The firm covers estate planning and risk management.

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)

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
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Gene Bell & Associates logo
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Gene Bell & Associates

1768 Iowa Street, Bellingham, WA 98229
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  • Certified Financial Planner (CFP)
  • Finance Planning

Business Description

Gene Bell & Associates helps its clients in Bellingham create goal-based financial plans tailored to their specific cash flow needs, tax situation, and risk tolerance. It also assists them in wealth and retirement planning, estate and tax strategy planning, insurance review and risk assessment, and business owners and multi-generational family wealth and legacy planning. The company's president and CEO, Gene Bell, is a CFP, an accredited tax preparer, and an enrolled agent who can represent taxpayers before the IRS.

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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5.0 / 5 (2)
Ludeman Capital Management logo
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Ludeman Capital Management

1855 Main Street, Suite 103, Ferndale, WA 98248
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  • Certified Financial Planner (CFP)

Business Description

Ludeman Capital Management is an investment advising firm that caters to individuals living in Bellingham. Its concentration includes wealth management and asset management solutions. The firm uses software solutions to determine a clients' acceptable levels of investment risk. Its president Heidi Ludeman has a business administration background and has worked for similar financial firms in the past. Her spouse Jonathan P. Ludeman is a Certified Financial Planner and an Accredited Investment Fiduciary. He serves as one of the office's advisers.

Multop Financial logo
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Multop Financial

2210 Rimland Drive, Suite 101, Bellingham, WA 98226
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  • Tax Planning
  • Tax Preparation
  • Financial Planning
  • Wealth Management

Business Description

Established in 1976, Multop Financial is a private wealth management firm serving the Bellingham area. It consists of CPAs, financial advisors, and tax specialists, helping clients achieve a sound financial future. They offer wealth and portfolio management, retirement planning, and refinery retirement solutions. The firm's wealth management services include business succession and charitable gift planning, asset allocation, and portfolio analysis. Its advisors help clients review various aspects of their financial situation and educate them on their options.

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 (14)
Yelp
5.0 / 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.
5.0
Responsiveness
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Rivershore Wealth Planning logo
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Rivershore Wealth Planning

#201 2420 McCallum Rd., Abbotsford, BC V2S 6R9
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  • Finance Planning

Business Description

Rivershore Wealth Planning offers financial advisory services to clients in Bellingham. The firm helps clients plan their taxes, investments, insurances, and retirement options. It also assists with goal planning and tracking important dates, charitable giving, and debt and mortgage reduction. The firm analyzes the goals and needs of each client and provides a customized plan with recommendations. An action plan is utilized to implement the recommendations, and the firm monitors, reviews, and updates the plan annually.

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 (12)
Google
5.0 / 5 (6)
Salish Wealth Management logo
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Salish Wealth Management

2122 Barkley Blvd, Bellingham, WA 98226
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  • Certified Financial Planner (CFP)

Business Description

Salish Wealth Management offers a wide range of financial services to the people of Bellingham. Specializing in serving individuals and families in retirement, its experienced financial advisors combine disciplined investment strategies and a customized approach to help clients pursue their goals. The services they provide include investment management, retirement strategies, alternative investments, college saving plans, and tax strategies. The founder of Salish Wealth Management, Scott A. Hume, has more than two decades' worth of experience as a financial planner.

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.
3.8
Google
3.8 / 5 (5)
Saturna Capital logo
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Saturna Capital

1300 N State St., Bellingham, WA 98225
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

For more than three decades, Saturna Capital has been assisting Bellingham-based individuals and institutions in accumulating wealth, earning income, preserving capital, and achieving financial objectives. The firm's financial advisors examine opportunities through in-depth research into geopolitical changes, industry themes, technology trends, competitive settings, and company leadership. They offer different account types to meet the investing needs of clients, including taxable, tax-deferred, and individual retirement plans. They also have halal investment opportunities that are in accordance with Islamic principles.

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.
4.5
Facebook
5.0 / 5 (9)
Google
3.9 / 5 (7)
Simmer Financial Planning, LLC logo
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Simmer Financial Planning, LLC

5765 Willow Springs Way, Ferndale, WA 98248
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  • Estate Planning

Business Description

Simmer Financial Planning, LLC, is an investment advisory firm serving the residents of the Bellingham metro. The firm offers customized financial planning services. It helps clients with retirement and tax planning, cash flow projections, and investment analysis and reviews. Ronald G. Simmer, the owner and principal of the company, provides guidance on loan and mortgage options. He is a Certified Financial Planner and a Registered Financial Advisor with the National Association of Personal Financial Advisors.

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
Spinnaker Financial Group logo
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Spinnaker Financial Group

1405 N. Forest St., Bellingham, WA 98225
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  • Certified Financial Planner (CFP)
  • Private Wealth Advisor
  • Retirement Planning

Business Description

Spinnaker Financial Group is an independent and locally owned company that assists clients in Bellingham. Its team of advisors objectively present different investment options and helps clients in making educated financial decisions. It offers various financial services, including asset management, asset allocation, brokerage relationship, socially responsible investing, and ongoing portfolio management and rebalancing. The company handles non-retirement, IRAs, ROTH, and 401(k). One of its founding partners, Joseph Carpenter, is a Certified Investment Management Analyst.

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
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Steele Financial Services logo
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Steele Financial Services

119 Grand Avenue Suite A, Bellingham, WA 98225
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Steele Financial Services provides customized financial and investment advisory and management services to young individuals, retirees, small businesses, corporations, trusts, and charitable foundations in Bellingham. It helps clients execute sound asset programs through insurance strategy, retirement planning, debt management, estate planning, and family risk management services. The company uses a comprehensive life plan to create sustainable and ethical investment plans aligning with UN development goals. It also utilizes Avantax Wealth Management to make informed tax-related decisions.

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)
Trail Financial Planning LLC logo
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Trail Financial Planning LLC

214 N Commercial St., Bellingham, WA 98225
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Trail Financial Planning, LLC, serves clients in Bellingham and the surrounding areas. The company assists individuals in creating financial plans that align with their retirement, educational, investment, insurance, and tax needs and goals. Its advisors also review clients' income and expenses to guide them in managing their debts and cash flow and help them save emergency funds. One of the company's founders, John Chesbrough, has been offering investment management and financial advisory services for more than a decade.

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
West Invest logo
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West Invest

1801 F Street, Bellingham, WA 98225
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  • Certified Financial Planner (CFP)

Business Description

West Invest is a firm that provides financial advice in Bellingham and the surrounding communities. It helps clients accomplish their goals, such as preparing for retirement, developing an investment portfolio, purchasing a home, or creating an estate plan to protect their family. It assists in building its customers’ wealth and preserving their assets. West Invest has years of experience in investments and financial services. It was established by Marty West in 2000. He has been a financial advisor for over three decades.

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 (7)

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
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Back to Providers

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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