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Best Financial Advisors in Tucson, AZ

Oct. 15, 2019, 7:07 p.m.

If you’re intimidated by financial planning or navigating the investment market, consider hiring a professional to advise how best to save and invest your money. Look for a certified, fiduciary financial advisor with experience handling financial situations like yours. Our partners at ConsumerAffairs researched the best financial advisors in Tucson to help you plan for and achieve your financial goals.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KGUN 9 may receive compensation from our partners. Learn more.

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#1
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Facet Wealth

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Features
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#2
AIO Financial
AIO Financial
Features
  • $500 quarterly minimum fee
  • Fee-only
  • Works with clients online throughout the world
  • Socially responsible investing available
Location
1860 E. River Rd., Ste. 112
Tucson, AZ 85718
(520) 325-0769
#3
Raskob-Kambourian Financial Advisors
Raskob-Kambourian Financial Advisors
Features
  • $5,400 minimum annual fee
  • SEC registered
  • Trust Representative Office of National Advisors Trust Company, FSB
  • Offers free, one-hour consultations
Location
4100 N. 1st Ave.
Tucson, AZ 85719
(520) 690-1999
#4
Ironwood Financial
Ironwood Financial
Features
  • $250,000 minimum assets required
  • Fee-based
  • Offers free, custom retirement plan for clients that meet criteria
  • Offers free webinar & ebook
Location
1926 E. Fort Lowell Rd., Ste. 100
Tucson, AZ 85719
(520) 318-4600
Imus Wilkinson Investment Management
Imus Wilkinson Investment Management
Features
  • M-F: 8am - 4pm
  • Closed Sat and Sun
  • imuswilkinson.com
Location
3561 E. Sunrise Dr., Ste. 117
Tucson, AZ 85718
(877) 813-4985
TCI Wealth Advisors
TCI Wealth Advisors
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • tciwealth.com
Location
4011 E. Sunrise Dr.
Tucson, AZ 85718
(877) 733-1859
GR Financial Group
GR Financial Group
Features
  • Hours unavailable
  • gr-financialgroup.com
Location
4556 E. Camp Lowell Dr.
Tucson, AZ 85712
(520) 577-4711
Sterling Investment Management
Sterling Investment Management
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • sterlinginvestmentmanagement.com
Location
6262 N. Swan Rd., Ste. 210
Tucson, AZ 85718
(866) 483-3311
Cambridge Financial Group
Cambridge Financial Group
Features
  • Hours unavailable
  • cambridgefinancialgroup.com
Location
6700 N. Oracle Rd., Ste. 324
Tucson, AZ 85704
(520) 531-0550
Nova Financial Services
Nova Financial Services
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • yourfuturebynova.com
Location
1630 E. River Rd., Ste. 212
Tucson, AZ 85718
(520) 745-5555
Allied Portfolio Management
Allied Portfolio Management
Features
  • Hours unavailable
  • alliedportfolio.com
Location
5987 E. Grant Rd.
Tucson, AZ 85712
(520) 296-1035

Choosing a financial advisor in Tucson

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Many people seek financial advisory services to deal with changes in their lives, such as marriage, divorce or retirement. However, money advisors work with clients at any stage of life.

Financial advisors use their expertise in asset management to assist you with investments, taxes and saving. Money advisors also save you time, so you can spend more time doing activities you enjoy instead of balancing your accounts.

Many retirement and financial planners in Tucson work with clients that have any amount of assets, while some only advise clients with a high net worth and an arbitrary minimum investment.

Types of financial advisors

There are many types of financial advisors in Tucson to help you manage your money. Two major distinctions separate these advisors and the first of which is between robo-advisors and human advisors.

  • Robo-advisors. Also known as online advisors, robo-advisors are digital platforms that provide automated financial planning services and asset management with little to no human supervision. They are cheaper than traditional advisors but less precise.
  • Human advisors. These traditional advisors work on an ongoing or temporary basis to manage client finances, including investing and estate planning, based on their education, experience and specific knowledge of the client. These advisors are more expensive but offer a level of custom service robo-advisors can’t match.

The second distinction that separates all financial advisors depends on the standard the advisor maintains.

  • Fiduciary financial advisors. This type of financial planner abides by the fiduciary standard, which is a legal and ethical obligation to act solely in their client’s best interest.
  • Non-fiduciary advisors. These advisors maintain the suitability standard, which only requires that their recommendations are beneficial and fit their client’s needs. This relaxed standard opens the door for conflicts of interest and a loss of potential earnings compared to a fiduciary, even if the advisor means well.

What is the cost of a financial advisor in Tucson?

The cost of a financial advisor in Tucson varies both in the amount you pay and how you pay it. Fee-only advisors, for example, average $150 to $300 per hour, whereas commission-based advisors receive 3 - 6 percent of the client’s investment transactions. Other advisors might charge a flat fee for one-off services or charge a fee of 1 - 2 percent of your account for long-term asset management.

Financial advisors refer to themselves as fee-only if they make their profits exclusively from client fees and fee-based if they accept both fees and commission. There’s a risk that advisors making any amount of commission will make unnecessary trades and purchases to pad their bottom line. This conflict of interest is why many people prefer fee-only advisors for asset management.

Before you settle on an advisor, determine what their compensation structure is and ask about any transaction fees you should be aware of so you know what to expect when you receive your bill.

What qualifications should a financial advisor have?

There are four qualifications that your Tucson financial advisors should have:

  • College education, ideally an MBA
  • Proper licensing and registration
  • Professional designations, like Certified Financial Planner status
  • Experience and positive reviews

Typically, these qualifications are available on their firm’s website, but it’s worth verifying your advisor’s credentials through the Securities and Exchange Commission or the Financial Industry Regulatory Authority’s BrokerCheck.

After you have checked their credentials, ask a few questions to decide if you are hiring the right financial advisor in Tucson:

  • How do you make money?
  • Are you a fiduciary?
  • How do you communicate with clients?
  • What other services do you provide?
  • What is your investment philosophy?
  • What investment benchmarks do you use?
  • What are your regulatory controls?

It’s essential that you do your due diligence and research your financial advisor to make sure they’re legitimate. Be wary of exaggerated asset management claims or reports of market-beating performance. The SEC has online resources if you suspect that a fake advisor is targeting you.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Facet Wealth offers a wide range of fiduciary financial advisory services, such as retirement and income tax planning. Customers work with a dedicated CFP who creates a tailored financial plan to help them achieve their financial goals. The company is fee-only, so customers only pay for the services they use.

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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.