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Best Financial Advisors in Kennewick

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Kennewick, 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.

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

2:24 Wealth Group logo
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2:24 Wealth Group

5401 Ridgeline Drive Suite 120, Kennewick, WA 99338
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  • Certified Financial Planner (CFP)

Business Description

2:24 Wealth Group is a financial advisory firm serving the area of Kennewick. It addresses a client's financial planning needs by assisting them with developing investment strategies, managing investments, and evaluating risk management plans. It also helps create tax-efficient charitable giving strategies that can be part of an estate plan. Among its team is John C. McDonald, a Certified Financial Planner who has been in the financial service industry for more than 14 years.

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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Christensen King PC CPAs & Financial Advisors logo
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Christensen King PC CPAs & Financial Advisors

1334 Jadwin Avenue, Richland, WA 99354
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  • Tax Planning
  • Tax Preparation
  • Certified Financial Planner (CFP)
  • Finance Planning
  • Financial Planning

Business Description

For more than three decades, Christensen King PC CPAs & Financial Advisors has been providing investment and financial advising, tax and accounting consulting, and business consulting and valuation services. It serves individuals and businesses in the Kennewick metro and the surrounding areas. Its financial advisors, who have over 100 years of combined experience, guide clients in making informed investment decisions that allow them to achieve their financial goals. In addition, the firm's shareholders are Professional Financial Specialists.

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.
4.6
Google
4.7 / 5 (25)
Facebook
5.0 / 5 (5)
Yelp
3.0 / 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.
4.0
Responsiveness
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Detail
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Cornerstone Wealth Strategies logo
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Cornerstone Wealth Strategies

8905 W Gage Blvd, Suite 110, Kennewick, WA 99336
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  • Estate Planning
  • Retirement Planning

Business Description

Cornerstone Wealth Strategies is an independent financial planning and investment management firm in Kennewick that serves individuals, families, and businesses in the local area. The firm uses a three-step planning process to assist its clients in determining their needs, applying their strategies, and monitoring them to ensure they are on track. The process includes evaluating finances, preparing plans, and implementing and monitoring strategies. Matthew Riesenweber, the president of the firm, has been serving as a financial advisor since 2003.

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
Responsiveness
Friendliness
Helpfulness
Detail
F. Joel Financial logo
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F. Joel Financial

7401 W. Hood Place, Suite 140, Kennewick, WA 99336
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  • Estate Planning
  • Retirement Planning

Business Description

F. Joel Financial helps families and individuals in the Kennewick metro achieve their desired retirement plan. They help clients prepare for retirement by providing IRA and 401k rollovers, annuity strategies, and retirement income plans. They also offer other services like asset protection strategies, tax planning, and life insurance products. F. Joel is a member of Certified Senior Advisors, has Certification for Long-Term Care (CLTC) credentials, and has been in the banking and finance industry since 1986.

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 (4)
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
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Detail
Financial Management, Inc. logo
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Financial Management, Inc.

7025 W Grandridge Blvd Suite B, Kennewick, WA 99336
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  • Certified Financial Planner (CFP)

Business Description

Financial Management, Inc. helps clients in the Kennewick area create plans and strategies for their future goals. Its financial advisors evaluate the current financial situation of its clients and designs plans that are custom-fit to their financial goals. The firm also assists with sustainable impact investing for long-term, environmental, and responsible investing solutions. In addition, it offers coaching and planning services for retirement, estates, and taxes. Financial Management was founded in 1997 by Clark Permann, a Certified Financial Planner with 28 years of industry expertise.

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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Henker Financial Partners LLC logo
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Henker Financial Partners LLC

1009 N Center Parkway, Suite 200, Kennewick, WA 99336
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  • Estate Planning

Business Description

Henker Financial Partners, LLC, offers wealth management guidance to Kennewick residents. It guides its clients regarding their current and future financial goals, providing advice on asset accumulation, asset and risk management, and the transfer of assets to heirs. The firm's advisors also educate them about retirement income sources and investment programs. They handle insurance products, create estate plans with minimized taxes, and help protect assets from liabilities. Founding partner John K. Henker holds the Life Underwriter Training Council Fellow designation.

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
Latitude Wealth Management logo
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Latitude Wealth Management

7117 West Hood Place, Suite 120, Kennewick, WA 99336
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Latitude Wealth Management offers financial coaching to individuals and businesses in Kennewick. It helps clients evaluate their current financial situation by analyzing assets, income, and expenditures. Its advisors then create customized cash-flow-based financial plans that address clients' specific goals. The firm also conducts regular reviews and modifications to stay up to date. Additionally, it offers retirement, estate, and tax planning and investment management services. Latitude Wealth Management has been featured on Forbes and Barron's Hall of Fame.

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
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Detail
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Leonard Rickey Investment Advisors, PLLC logo
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Leonard Rickey Investment Advisors, PLLC

295 Bradley Blvd. Suite 201, Richland, WA 99352
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Leonard Rickey Investment Advisors, PLLC, is a family-owned and operated business that assists individuals and families in Kennewick with their financial planning matters. It offers various services, including planning for retirement, education, home, and large purchases. The company’s team of certified investment planners and financial advisors creates portfolios for clients based on their personal goals, risk tolerance, and time horizon. They help clients with cash flow management, selecting, monitoring, and trading investments.

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 (8)

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
LifeFocus Financial Advisors, LLC logo
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LifeFocus Financial Advisors, LLC

420 Wellington Ave, Suite 101, Walla Walla, WA 99362
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  • Certified Financial Planner (CFP)

Business Description

LifeFocus Financial Advisors, LLC serves the Kennewick metro by helping clients plan and manage their investments. Its process starts by identifying a client's financial goals followed by defining the plans through an investment policy statement. It also helps them maintain their focus amidst many market challenges. Bob Deal, a representative of this firm, is a personal financial specialist who served as LeMaster & Daniels' president for financial services. He is also a member of the Washington Society of Certified Public Accountants.

Monson Wealth Management, Inc. logo
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Monson Wealth Management, Inc.

8503 W. Clearwater Avenue, Suite D, Kennewick, WA 99336
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  • Financial Planning

Business Description

Monson Wealth Management Inc. is a financial advisory firm providing services in Kennewick. Established in 2000, it handles retirement planning and financial management for clients. The company creates financial plans for individuals that include custom investment programs. Its team also covers portfolio management, cash-flow planning, Social Security maximization, asset allocation, and retirement income planning. Monson Wealth Management is a member of the Financial Planning Association. Owner Eldon Monson is a Certified Financial Planner and Retirement Income Certified Professional responsible for leading the team.

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 (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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Northwest CPA Group PLLC logo
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Northwest CPA Group PLLC

1333 Columbia Park Trail Suite 210, Richland, WA 99352
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  • Tax Planning

Business Description

Northwest CPA Group PLLC provides financial advising programs to clients in Kennewick and the surrounding communities. The company helps clients prepare their finances by offering various accounting services, including monthly, annually, and quarterly booking services. Its services also include payroll reports, business property return preparation, and accounting system setup. One of its team members, Kristi Nelson, brings 29 years of public accounting experience. Nelson focuses on assisting individuals and businesses in the healthcare, nonprofit, and manufacturing industries.

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.
4.6
Facebook
5.0 / 5 (6)
Google
5.0 / 5 (1)
Yelp
2.0 / 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
Petersen Hastings logo
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Petersen Hastings

5 West Alder Street, Suite 317, Walla Walla, WA 99362
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  • Financial Planning

Business Description

Petersen Hastings is a financial planning firm that serves clients throughout the Kennewick community. It assists individuals and families in making financial decisions for matters involving retirement savings, investments, college education funds, and big purchases such as a new car or home. This independent firm created the Trusted Financial Path, which is a systematic process designed for committed investors with complex financial situations. It has been consistently recognized as among the nation's top advisors by various publications, including Bloomberg Wealth Manager and Financial Advisor Magazine.

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
The Compton Group logo
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The Compton Group

602 N. Colorado St. STE #130, Kennewick, WA 99336
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  • Certified Financial Planner (CFP)
  • Private Wealth Advisor
  • Retirement Planning

Business Description

The Compton Group is a family-owned and operated financial planning firm serving individuals in the Kennewick area. It offers comprehensive strategies for different financial services, including wealth accumulation, asset allocation, long-term care, and brokerage management. The company assists with financial, retirement, college, tax, and investment planning. It helps clients set up mutual funds and fixed and variable annuities. The Compton Group is composed of three generations of financial advisors who have over 50 years of experience in the industry.

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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Detail
The Retirement Solution Inc. logo
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The Retirement Solution Inc.

1030 North Center Parkway, Suite 313, Kennewick, WA 99336
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

The Retirement Solution Inc. is an independent retirement planning firm that provides financial advice to clients in Kennewick and the surrounding areas. The firm was formed by Jim Black in 2003 to help people grow their assets and protect and manage their money when they retire. It addresses clients' financial concerns by creating clear and written plans. Some of its advisors offer consolidated RMD strategy, survivor assistance, income distribution management, and portfolio design and 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.
4.6
Yelp
3.5 / 5 (6)
Facebook
5.0 / 5 (4)
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
Timepiece Financial Planning, Inc. logo
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Timepiece Financial Planning, Inc.

1030 N Center Parkway, Kennewick, WA 99336
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  • Certified Financial Planner (CFP)

Business Description

Timepiece Financial Planning, Inc. assists young professionals, pre-retirees, and retirees in Kennewick and nearby areas. It helps individuals in planning, organizing, and managing their financial futures through ongoing financial planning services. The firm conducts budgeting and cash flow assessments before creating a lifestyle plan that coincides with the clients' retirement, tax, and estate plans. In addition, it handles investment portfolio designs and financial behavioral coaching. Timepiece Financial Planning was founded by Tim Massie, a Certified Financial Planner who has been in the industry since 2004.

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
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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