1. Home
  2. Financial Advisors

Best Financial Advisors in Denver, CO

Aug. 15, 2019, 8:17 p.m.

Hiring a financial advisor is an important step to planning for your future. A fiduciary financial advisor guides you through the asset management process. Consider the level of advice you need, your long-term objectives and budget to hire the right financial planner. Our partners at ConsumerAffairs researched the best financial advisors in Denver to help you save time and money while achieving your financial goals.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. Denver7 may receive compensation from our partners. Learn more.

Powered by
×
#1
RECOMMENDED
Facet Wealth

Real Financial Planning

VISIT WEBSITE
Sponsored Ad
#1 MOST POPULAR
Facet Wealth
Facet Wealth
Features
  • Work with a dedicated CFP
  • Complimentary goal setting & financial analysis session
  • Goal-based financial planning
  • Get an individually tailored financial plan
Read More
VISIT WEBSITE Sponsored  Ad
#2
Wealth Engineers
Wealth Engineers
Features
  • Management fee of 0.5% of AUM per annum for first $3 million
  • No additional management fee for amounts over $3 million
  • Requires $400,000 minimum account balance
  • Uses evidence-based investment strategy
Read More
Location
600 17th St., Ste. 2800
Denver, CO 80202
(303) 500-3245
#3
Shutte Financial
Shutte Financial
Features
  • Managed up to $10 million for Visa, Inc.
  • Daily tax loss harvesting
  • Open account in 5 minutes
  • Full portfolio management rate of 0.5% - 1.25% of AUM annually
Read More
Location
3801 E. Florida Ave., Ste. 600
Denver, CO 80210
(303) 220-7515
Syntrinsic Investment Counsel
Syntrinsic Investment Counsel
Features
  • M-F: 7am - 4pm
  • Closed Sat and Sun
  • syntrinsic.com
Location
3840 York St., Ste. 100
Denver, CO 80205
(303) 296-7100
Sharkey, Howes & Javer
Sharkey, Howes & Javer
Features
  • M-F: 8:30am - 1pm
  • Closed Sat and Sun
  • shwj.com
Location
720 S. Colorado Blvd., Ste. 600
Denver, CO 80246
(303) 639-5100
Denver Wealth Management
Denver Wealth Management
Features
  • M-F: 8am - 4pm
  • Closed Sat and Sun
  • denverwealthmanagement.com
Location
5299 DTC Blvd., Ste. 1350
Greenwood Village, CO 80111
(303) 261-8015
Carnick & Kubik
Carnick & Kubik
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • carnick.com
Location
1777 S. Harrison St., Ste. 1110
Denver, CO 80210
(303) 741-2560
Paragon Capital Management
Paragon Capital Management
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • pcm-net.com
Location
999 18th St., Ste. 1401
Denver, CO 80202
(303) 293-3680
Dechtman Wealth Management
Dechtman Wealth Management
Features
  • M-Sat: 9am - 8pm
  • Sun: 11am - 5pm
  • dechtmanwealth.com
Location
7807 E. Peakview Ave., Ste. 410
Centennial, CO 80111
(303) 741-9772
Private Capital Management
Private Capital Management
Features
  • M-Th: 8am - 5pm
  • F: 8am - 3pm
  • Closed Sat and Sun
  • pcm-inc.com
Location
210 University Blvd., Ste. 400
Denver, CO 80206
(303) 394-9600

Choosing a financial advisor in Denver

skyline

When facing difficult financial decisions, a financial advisor helps you avoid making a less-than-strategic choice. Hiring a financial advisor in Denver minimizes investment risk and lets you be confident that you’ve put your hard-earned money to use.

Many financial advisors in Denver only work with accounts of a certain size, usually at least $100,000, as they base their fees on a percentage of clients assets. However, many financial advisors who charge in different ways will work with any client no matter the size of their account.

Types of financial advisors

There are many types of financial advisors in Denver to choose from. Some companies offer robo-advisor services, while others allow you the opportunity to work with a human advisor.

  • Robo-advisors are automated asset management software that use algorithms and your information to make recommendations based on your general situation.
  • Human financial advisors allow you to get more personalized advice and feedback but are also more expensive and have higher account minimums.

Another major distinction is between fiduciary financial advisors and non-fiduciary advisors in Denver. Fiduciary financial advisors are required by law to act in your best interests.

Non-fiduciary advisors also want you to make money, but they don’t have to recommend the absolute best options available to you, which opens the door for conflicts of interest. Because of this, non-fiduciary advisors tend to focus on general scenarios and don’t tailor their services to your unique situation as much.

What is the cost of a financial advisor in Denver?

Financial advisors in Denver charge for their services in a number of ways:

  • Commission is a percentage, usually 3 percent, of any transactions the advisor recommends to you. If you work with an advisor who plans to charge via commission, ensure total transparency and only consider working with them if they are a fiduciary.
  • Assets under management fees are a percentage, normally 1 - 2 percent, of your total account balance, charged monthly or yearly. Advisors charging AUM fees have high account minimums. However, robo-advisors usually charge less than 1 percent of AUM and have much lower minimums.
  • Flat rates are one-time fees of $1,000 - $5,000 charged to create a financial plan.
  • Hourly rates run anywhere from $200 to $400 for short-term services or advice.

Transparency is critical when dealing with a financial advisor in Denver, so make sure you know how your advisor makes money. Fee-based advisors earn a commission from the plans they sell in addition to the fees they charge and are more prone to recommend frequent transactions. Fee-only advisors in Denver don’t earn any commission and provide advice without potential conflicts of interest.

What qualifications should a financial advisor have?

Financial advisors in Denver should have, at minimum, a bachelor’s degree in finance, economics, business or another related field. Many advisors have additional licenses or education in their area of interest (i.e., health insurance, life insurance), such as being a Certified Financial Planner.

Financial advisors must have a General Securities Representative license and a Series 63 license. If an advisor charges fees, they must also have a Uniform Investment Advisor Law license. Check for these licenses before hiring a financial advisor in Denver. Verify your advisor's qualifications using the Financial Industry’s Regulatory Authority’s BrokerCheck.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Founded in 2016, Facet Wealth provides financial services for young professionals, retirees, young families and people planning for retirement. Facet employs Certified Financial Planners to assist individuals with education, insurance and life planning as well as asset management. Consumers appreciate the company’s experience and fair rates.

Sponsored Ad

Wealth Engineers

Wealth Engineers

Wealth Engineers is a fee-only financial planning and investment firm based in Denver. The company is a Registered Investment Advisor and focuses on retirement planning, education expenses, risk management, taxes and investing. Customers appreciate its robust financial education and positive results.

Shutte Financial

Shutte Financial

Shutte Financial provides financial solutions for customers investing and seeking asset management. The company offers free consultations, portfolio management and ongoing support. Customers appreciate Shutte’s expertise, professionalism and helpfulness.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.