Financial Advisor Las Vegas: Are They Worth It?

Furthermore, one place to find such advisors is Pillar Wealth Management. We have been working in this industry, providing specialized wealth management services, for more than three decades. We work exclusively with high net worth or ultra-high net worth individuals. Our fiduciary advisors are experienced in a range of services and are committed to helping clients attain financial success and security.Schedule a no-obligation consultation with us today.

In this blog, we’ll be discussing whether a financial advisor Las Vegas is really worth it, how to find a trustworthy advisor, how much it costs, and how much money you should have before hiring a financial advisor. Let’s start.

Furthermore, one place to find such advisors is Pillar Wealth Management. We have been working in this industry, providing specialized wealth management services, for more than three decades. We work exclusively with high net worth or ultra-high net worth individuals. Our fiduciary advisors are experienced in a range of services and are committed to helping clients attain financial success and security.Schedule a no-obligation consultation with us today.

In this blog, we’ll be discussing whether a financial advisor Las Vegas is really worth it, how to find a trustworthy advisor, how much it costs, and how much money you should have before hiring a financial advisor. Let’s start.

Top 10 Financial Advisors in Las Vegas, NV

According to smartasset.com, the following firms are the top financial advisors in Las Vegas. These firms offer financial planning services, have the largest volumes of assets under management, work primarily with individuals, have fewer clients per advisor, and have been in business longer. Fee-only firms ranked higher.   

1. The Wealth Consulting Group

WCG Wealth Advisors (WCG), LLC (otherwise known as The Wealth Consulting Group), is an SEC Registered Investment adviser based in Las Vegas, Nevada. It was formed in October 2014 and is owned by The 1970 Lee Trust, with Jimmy Lee as the managing member. The firm has $2.8 billion in assets under management.

WCG Wealth Advisors offers financial advisory services to individuals, high net worth individuals, individual retirement accounts, banks and thrift institutions, pension and profit-sharing plans, trusts, estates, charitable organizations, state and municipal government entities, corporations, and other business entities.

Services

WCG provides fee-based investment advisory services based on the goals, objectives, time horizon, and risk tolerance of each client. Portfolio management services include investment strategy, asset allocation, risk tolerance, personal investment policy, asset selection, and regular portfolio monitoring.

The exact services charged to a client depend on the investment adviser representative (IAR) working with the client. The IAR recommends an advisory platform after evaluating the needs of the client; investment recommendations are tailored to those needs.

Certain WCG programs / portfolio models have minimum account size requirements, which can be waived by the firm, office, or custodian. The custodians used are LPL, Schwab, Fidelity, and TD Ameritrade Institutional.

For example, the Optimum Market Portfolios Program requires an account minimum of $10,000. This program invests in Optimum Funds Class I shares through LPL. The Personal Wealth Portfolios Program has an account minimum of $250,000; it uses model portfolios designed by LPL.

Fees

WCG investment management fees do not exceed 2.50% of the client’s assets under management. Fees are generally fixed or flat fees.

Fees for a comprehensive fixed engagement plan (up to 12 months may be used to deliver recommendations that address the client’s financial objectives) can range from $1,500 to $20,000, or a situational financial plan can range from $500 to $5,000. All fees depend upon the nature and complexity of the services. The fee for a progress report ranges from $500 to $3,000. Hourly consulting fees range from$100 to $400.

Investment philosophy

The firm uses a combination of fundamental, technical, and cyclical analysis to formulate investment advice when managing assets.

2. American Retirement Planning Group, Inc.

American Retirement Planning Group, Inc. (ARPG) was formed in 1991 and is incorporated in the State of Nevada. Matthew Dahl is the firm’s principal shareholder. ARPG has $250 million in assets under management. It has two advisors.

ARPG provides investment advice to individuals, high net worth individuals, pension and profit sharing plans, trusts, and foundations.

Services

ARPG offers five types of services: The Investment Management Service Account Program provides investment management; 401k Plus provides retirement planning services; Supervision Plus manages retirement plans where there are investment choices; Financial Consultation provides advice on an hourly fee basis, not to exceed $175 per hour; and ERISA Services are offered to ERISA plans, including selection of investments and asset allocation.

Fees

The fees for the Investment Management Service Account Program range from a maximum of 2.50% for an asset size of $50,000 to a maximum of 2.00% for an asset size of over $25 million. The Program requires a minimum account of $10,000.

Investment Philosophy

ARPG uses both fundamental and technical analysis when making investment recommendations. Then, the advisor creates a tactical asset allocation strategy that adjusts a portfolio based on short-term market forecasts. The forecast uses 20 weekly indicators to determine the asset allocation. In a major up trend, a percentage is placed in equities, and in a major down trend, the same allocation is placed in a money market or short-term bond investment. This produces gains in the long term.

3. Arista Wealth Management, LLC

Arista was founded in 2006 by CEO Paul Moffat. The fee-based firm acts as a fiduciary to each of its clients. Its loyalty is always to the client and not to any financial product.

Arista provides financial services to individuals, high net worth individuals, pension and profit sharing plans, non-profits, unions, retirement plans, corporations, and other businesses.

For opening and maintaining an account and utilizing its services, Arista charges an annual minimum fee of $5,000. It requires a minimum account balance of $500,000 for its investment management services. The firm manages approx. $500 million in assets.

Services

Arista provides retirement planning services to employer plan sponsors, assisting them in creating and managing their company’s retirement plan.

The firm provides financial planning services as well as more focused consultations, either on a one-time or ongoing basis.

Arista’s investment management services provide the client with a portfolio of investments to meet their financial goals. Beyond its typical investment management services, Arista offers a quarterly wealth coaching service when the client’s situation requires further investigation.

Arista’s strategic business services help corporations and business owners with their day-to-day operations, such as tax planning, real estate investing, and disposing of a business.

Fees

Flat fees for retirement planning services range from $750 to $10,000, with the maximum asset-based fee set at 1.50%. The cost of a financial plan varies from $999 to $4,999; a new client pays $2,500 per year for financial planning services.

Investment management asset-based fees range from 1.50% for assets up to $500,000 to 0.75% for assets valued at over $10 million.

Investment philosophy

Arista’s investment strategies are aligned with the client’s needs and objectives, risk tolerance, and time horizons. These include long-term purchases and margin transactions when appropriate.

Arista mostly utilizes a passive index approach. It may recommend mutual funds offered by Vanguard and Dimensional Fund Advisors, which generally have lower fees and expenses.

4. Buckley Wealth Management, LLC

Buckley Wealth Management was formed in the State of Nevada in 2017. Brian J. Buckley is the founder and owner of the firm and has 40 years of experience in wealth management. The firm acts as a fiduciary to its clients, offering asset management and investment consulting to meet its clients’ financial goals.

Buckley Wealth Management provides financial services to individuals, high net worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and other businesses. The firm holds $485 million in assets under management.

Services

The firm offers comprehensive portfolio management through a financial plan or consultation to define an investment approach, including individual stocks, bonds, ETFs, mutual funds, and other public or private securities or investments. Portfolios are continuously monitored and rebalanced if necessary. The firm may use third-party money managers.

The firm provides retirement plan consulting.

Fees

The maximum annual fee for comprehensive portfolio management is 1.00%. Financial planning and consulting services are charged on a flat fee basis, not to exceed $20,000. Annual flat fees for retirement planning consulting will not exceed $50,000 or 1.00% for an asset-based plan.

Investment philosophy

Buckley Wealth Management utilizes charting, cyclical analysis, fundamental analysis, and technical analysis in structuring its investment advice to clients. Its strategies include asset allocation, ETFs, fixed income, long-term purchases, municipal bonds, mutual funds, third-party money manager analysis, and active trading.

5. Kingsbridge Wealth Management, Inc.

Kingsbridge Wealth Management, Inc (KWM) is an investment advisory firm based in Las Vegas, Nevada; it was founded in 2009, and the principal owner of KWM is David J. Dunn, President.

KWM’s clientele includes individuals, trusts, estates, charitable organizations, and corporations. It generally requires clients to have a minimum of $5 million in investable assets, which may be negotiated. Certain funds also required a minimum initial investment; for example, the Kingsbridge Alternative Strategies Fund LP Series A and B require a minimum of $1 million.

The firm holds $308 million in assets under management.

Services

KWM provides investment advisory services through the use of separately managed accounts. KWM works with clients to establish a portfolio consisting of various asset classes, including the private fund managed by KWM.

KWM provides financial planning and consulting services.

Fees

The asset-based annual advisory fee for separately managed accounts ranges from 1.00% for assets up to $5 million to 0.65% for assets over $25 million.

Fees for the Kingsbridge private funds vary depending on the fund, ranging from 0% for Kingsbridge Ventures RLF, LP to 2% plus a 20% performance fee for the Kingsbridge Alternative Strategies Fund, LP.

A negotiable fixed fee is charged for financial planning, ranging from $1,000 to $50,000, depending on the level of services.

Investment philosophy

KWM utilizes various methods of analysis and may employ an algorithm for creating a portfolio to track a specific index; it will monitor the portfolio at least quarterly for tracking errors to that index. KWM prefers to index to specific asset classes because they participate in market returns, are lower cost, and can be managed for lower taxation. KWM considers after-tax returns for taxable accounts; it will index with individual equities or ETFs if suitable. KWM also emphasizes broad global diversification and selecting asset classes that have a relatively low correlation with each other.

6. H&H Retirement Design and Management, Inc. (HHRDM)    

HHRDM was founded in 2014 and is 100% owned by Kenneth Himmler. It offers advisory services to individuals, high net worth individuals, businesses, charitable remainder trusts, family foundations, public operating charities, and family trusts.

HHRDM does not charge performance-based fees. A minimum of $1 million in assets under management is required for portfolio management services.

Services

HHRDM offers investment supervisory services, beginning with a comprehensive and thorough analysis of the client’s cash flow, tax projections, investment risk, and estate plan, then creating a portfolio strategy that allocates assets to a combination of fixed investments and equities.

Based on the client’s goals and objectives, a suitable model portfolio is selected and managed based on the portfolio’s goal.

HHRDM provides individual portfolio management, reviewing portfolios annually and rebalancing on an annual basis or more frequently based on economic fundamentals and the client’s needs.

HHRDM may select third-party investment advisers based on the client’s circumstances.

Fees

Fees for portfolio management services are based on a percentage of assets under management and range from 0.50% to 2.25%. Financial planning fees range from $1,595 to $4,999.

Investment philosophy

HHRDM utilizes both fundamental and technical analysis in building investment portfolios. Its strategies include long-term purchases and options.

7. Kamichu Wealth Management, LLC

Kamichu Wealth Management was founded in 2018 and is operated by Maston Thornton, CEO.        Kamichu offers investment advisory services to individuals, high net worth individuals, trusts, estates, corporations and other businesses. The firm holds $229 million in assets under management. The firm does not impose a minimum account size. However, a performance-based fee is charged for clients with either $1 million in assets under management or $2.2 million in net worth. The fee is equal to 2% of the gains over a high-water mark.

Services

Kamichu offers investment management services and financial planning services.

Fees

Investment advisory fees are based on the value of the assets under management, up to 1% annually, based on the services provided and the complexity of the relationship with the firm.      

A fixed fee is charged for financial planning services, from $750 to $2,500.

Investment philosophy

Kamichu utilizes fundamental, technical, cyclical, and charting analysis methods to develop an investment strategy for the client. Research sources include financial media companies, third-party research materials, and internet sources, in addition to reviews of company activities, including annual reports, prospectuses, and press releases, and research prepared by others.

8. Redrock Wealth Management, LLC

Redrock Wealth Management began operating in the State of Nevada in 2012. Gregory David Phelps is Managing Member and Chief Compliance Officer and owns 100% percent of the firm.

Redrock Wealth Management’s clients include individuals, pension and profit sharing plans, and corporations and other business entities.

Services

Redrock Wealth Management offers financial planning and investment management services. Its Private Client Services include an initial in-person data gathering meeting; a comprehensive analysis of the client’s existing financial status, with recommendations; customized, tax-efficient portfolio solutions; Social Security maximization analysis and planning; retirement income coordination; portfolio rebalancing; tax loss harvesting; quarterly fiduciary investment reviews; and in-person semi-annual reviews.

Redrock Wealth Management also offers retirement plan consulting services.

Fees

Private Clients are charged a fixed flat annual fee of $3,000. In addition, they will pay a percentage of assets under management, ranging from 0.65% for assets up to $1 million, 0.55% for assets between $1 million and $3 million, or 0,45% for assets between $3 and $5 million, negotiable otherwise.

Fixed fees for financial planning range from $1,500 to $3,500. Hourly consultation fees vary from $150 to $350.

Investment philosophy

Redrock Wealth Management uses a mix of securities consisting mainly of mutual funds and index-based ETFs. The firm uses a variety of tools and resources in portfolio analysis, including commercially available software technology, securities rating services, general market and financial information, and due diligence reviews. Sources of information include financial publications, benchmarking software, prospectuses, and various financial and business resources. There is a risk of relying on inaccurate information.

Redrock Wealth Management’s investment strategy incorporates the principles of modern portfolio theory. Redrock’s approach is founded on the belief that markets are “efficient” and returns are determined principally by asset allocation decisions.

9. Summit Portfolio Management, LLC

Summit Portfolio Management (SPM) began conducting business in 1999. It is 100% owned by Timothy Francis Bock.

SPM’s clients include individuals, pension and profit sharing plans, and corporations and other businesses. A minimum of $500,000 is required for portfolio management services.

SPM manages $141 million in client assets.

Services

SPM provides asset management services based on the client’s goals and objectives, as well as tax considerations. Investment recommendations will generally include exchange-listed securities, corporate debt securities, municipal securities, variable and fixed annuities, mutual funds, US Government securities, real estate, and structured settlements. 

SPM offers financial planning services, addressing the client’s financial circumstances, investments, insurance, retirement plan, and estate.

Fees

Clients are charged an annual fee based on a percentage of assets under management, which vary from 2.00% for assets up to $250,000 to 0.30% for assets over $25 million.

The fee for a financial plan varies from $2,500 to $5,000. Hourly fees range from $200 to $500, depending on the advisor.

Investment philosophy

SPM utilizes various methods to analyze securities, using a number of resources such as software technology, securities rating services, general market information, due diligence reviews, and any analysis requested by the investor. Margin transactions may be used.

10. SkyOak Capital, Inc.

SkyOak Capital, Inc., offers private wealth management, asset management, and corporate retirement services. The firm is owned by Jennifer Davis and is headquartered in Las Vegas, Nevada, with a branch office in Medford, Oregon, and a satellite in San Francisco, CA.

SkyOak was founded in 2010 and operated as a registered investment advisor until October 2018, at which time it combined with another registered investment advisor, resulting in a new company called SkyOak Wealth, LLC (SOW), subsequently re-registered with the SEC on July 1, 2020.

SkyOak clients include individuals, families, corporations, private funds, retirement funds, and endowments.

SkyOak has $170 million in assets under management.  

Services

SkyOak’s Private Wealth Management includes investment management services where asset allocation strategies are developed using models that align with the client’s objectives and risk tolerance. Portfolios are managed, monitored, and rebalanced on an ongoing basis.

SkyOak’s financial planning and consulting services are typically integrated with the client’s overall advisory service, but they may be accessed separately on a flat fee or hourly fee basis.

SkyOak offers non-traditional alternative investment strategies such as hedge funds, private equity, real estate, and other pooled investment vehicles.

In addition, through its family office services, SkyOak offers philanthropic management, estate and wealth transfer, life management and budgeting, specialized reporting of assets, risk management, asset protection, and insurance services.

Fees

The minimum asset-based fee for SkyOak’s investment management is $2,400; the fee is 1.25% for assets under $1 million up to 0.65% for assets over $10 million. Up to 20 hours of financial planning are included.

The fee for a financial plan ranges from $1,500 to $10,000, with an annual retainer fee of 50% of the initial cost for ongoing financial planning or an hourly financial planning fee of $300 to $600 per hour.

The minimum fee for Private Wealth Management and Family Office services is $25,000 plus an asset-based fee of 0.18% to 0.48%.

Investment Philosophy

The investment advisory process at SkyOak incorporates asset allocation, investment selection, and portfolio construction.

Portfolios are built using firms that provide specialized technical analysis of a specific area of the marketplace or methodology. Investments are made in separately managed accounts or mutual funds, combined with model portfolios using a specific methodology to select individual stocks or ETFs, along with limited partnerships or pooled investment vehicles. The portfolio construction strategy integrates the client’s objectives into the asset allocation and investment selection processes. SkyOak utilizes actively managed strategies to be responsive to the market.

Is Seeing a Financial Advisor Worth It?

For high net worth individuals, seeing a financial advisor is definitely worth it. A financial advisor Las Vegas offers numerous benefits for affluent individuals and families. These advisors have the expertise and extensive knowledge about wealth management from their years of experience.

This allows them to make the best decisions to help you meet not only your short-term targets but your long-term goals as well. They do more than just advise you regarding your finances. They can evaluate the impact of various decisions on your financial position and take the best route accordingly to bring you the best results at the lowest costs.

For instance, you might think that marriage or divorce won’t affect your wealth. However, such events can lead to financial stress and problems in the future. That’s why you need a financial advisor to help you take the proper actions beforehand to protect your assets and avoid trouble later on.

Besides that, other benefits you can expect include:

– Customized financial services

– Legal assistance

– Expertise in various services

– Constant evaluation and adjustment of your financial plan

– Financial serenity

– Minimization of costs

To avail all these benefits, you need to make some critical shifts first. Check out this guide on portfolio growth strategies to find out what those shifts are.

How Do I Find a Trustworthy Financial Advisor?

It’s easy to find a financial advisor. Finding a financial advisor Las Vegas that is actually skilled at what they do is a lot harder. Now, to find a skilled financial advisor that you can trust is near to impossible. Nevertheless, here are some things that can help you narrow down your search. Otherwise, you can also get in contact with our advisors directly to inquire about our services.

• Reputation:Look at what others are saying about that financial advisor and their services. A trustworthy financial advisor is bound to have good reviews and lots of recommendations from previous or current clients.
• Fiduciary: A fiduciary financial advisor has no conflict of interest with you and can work wholly with your best interests in mind. Therefore, you can trust them to provide the right advice and recommendations.
• Communication: Communication includes the frequency of communication, transparency, and honesty. A trustworthy advisor will constantly keep you updated, answer all your questions in a straightforward manner, and be honest about their plans and strategies.

For more information, we suggest reading our exclusive guide on finding the best financial advisors for investors worth $10 million or more.

How Much Does It Cost to Use a Financial Advisor?

There isn’t any fixed amount. It depends on each advisor and what compensation model they follow. Some tend to charge a commission, while some charge a fixed percentage. Commission often leads to a conflict of interest, so you’re better off with a financial advisor that charges a fixed percentage. Most of the time, this is around 1% of the assets being managed.Reach out to the wealth managers and advisors at Pillar Wealth Management to learn more about our fee structure.

With the right financial advisor, though, you won’t really have to worry about the costs. Any management fee they charge, they will compensate by bringing you much higher returns on your portfolios and building your wealth. Go through our comprehensive guide on choosing the right financial advisors to learn the truth about wealth management costs.

How Much Money Should You Have Before Hiring a Financial Advisor?

If you have at least $1 million or more in liquid assets, we highly recommend hiring a financial advisor Las Vegas right away. With that much wealth, you can be classified as a high net worth individual, and as mentioned earlier, you require more complicated financial services.

You have much more at stake that requires the best and most experienced services from an expert financial advisor. Read our detailed guide on how to improve portfolio performance to learn how financial advisors can enhance your portfolio strategy.

Final Thoughts on Hiring a Financial Advisor Las Vegas

Finding the right financial advisor is as tricky as it is important. However, asking the right questions and considering the right factors can make things a bit easier. Order a free copy of our insightful book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million, to learn how the right financial advisors can build and protect your wealth.

Pillar Wealth Management has some of the top wealth managers and advisors. We operate on a 100% fee-only basis, which allows us to focus entirely on our clients’ needs and goals. We provide personalized financial solutions based on our range of services, years of experience, and utmost dedication. Schedule a free consultation with us today.

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