Top Financial Advisors in Colorado Springs, CO

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Summit Wealth Group is a fee-based firm that leads off our list of the top-rated financial advisors in Colorado Springs. The firm works with individuals, high-net-worth individuals, trusts, estates, charitable organizations, businesses and retirement plans. There is no stated minimum relationship size for investment management services, though the firm may terminate accounts it determines are too small to manage effectively.

Some advisors at Summit Wealth Group may earn commissions from the sale of insurance products or certain securities. This could create a potential conflict of interest, but the firm and its advisors are bound by a fiduciary duty to act in clients' best interests. The firm's advisory services include investment management, financial planning, retirement plan advisory services, family office and wealth planning services, selection of third-party money managers and a wrap fee program.

Financial planning may cover investment planning, retirement planning, college planning, debt and credit planning, insurance and annuities, tax planning and estate planning. The firm does not provide formal legal, accounting or tax advice. The firm's team includes advisors who hold the CFP®, ChFC, accredited investment fiduciary (AIF) and chartered retirement planning counselor (CRPC) designations. 

Summit Wealth Group generally uses a range of investment approaches, including asset allocation, dollar-cost averaging, fundamental analysis, technical analysis, cyclical analysis, quantitative analysis and qualitative analysis. The firm may also use tax-loss harvesting, direct indexing and value-based or ESG investing when appropriate. Summit Wealth Group states that it does not favor one method of analysis over another.

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First Affirmative Financial Network, doing business as Formative, is another fee-based practice located in Colorado Springs. The firm works with individuals, high-net-worth individuals, trusts, estates, charitable organizations, nonprofits, corporations and other businesses. The minimum varies based on account type and custodian, though some accounts generally require $25,000, $50,000 or $250,000.

Some representatives of the firm may hold insurance agent or tax preparer licenses as outside business activities. This could create a potential conflict of interest, but the firm's fiduciary duty legally requires it to act in clients' best interests. Investment management, financial planning, retirement plan consulting, outsourced chief investment officer services and model portfolio management are among the firm's advisory services.

Financial planning services may include budgeting, tax planning, retirement planning, estate planning and other specialized planning topics. The firm also provides wrap fee programs, proxy voting and shareholder advocacy. The firm makes values-aligned and faith-based approach to investment management, which may include sustainable investing, shareholder advocacy and ESG integration.

The investment strategy for a client of Formative is tailored to the needs of that individual client. Based on your risk tolerance, time horizon and investment objectives, the firm may use asset allocation, long- and short-term purchases, fundamental analysis, technical analysis, charting, cyclical analysis, qualitative analysis and quantitative analysis. Its process may also incorporate ESG criteria, socially responsible investing, values-aligned direct indexing, mutual fund and ETF due diligence, third-party model manager due diligence and analysis of illiquid impact investments when appropriate.

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Envoy Advisory is a faith-based advisory firm that does not require a minimum initial account value for general advisory accounts. Investments in the HIS Kingdom Resources Trust require a minimum initial capital contribution of $200,000, subject to the fund’s discretion.

The firm primarily works with employer-sponsored retirement plans, including 403(b) plans for ministry organizations, as well as plan sponsors, plan participants, individuals with IRA and taxable accounts and accredited investors. Its advisory services include retirement plan advisory services, IRA and taxable account management, financial planning and consulting, third-party administration, recordkeeping and retirement plan education. Planning services may address cash flow, investment planning, education funding, retirement needs, debt management, insurance analysis, estate planning, charitable giving, employee benefits, portfolio monitoring and business planning.

As a fee-based firm, certain advisors may receive compensation from the sale or recommendation of certain products. This could create a potential conflict of interest, but the firm is bound by fiduciary duty to act in clients' best interests. Envoy Advisory was initially established in late 2010 and transitioned to new ownership in late 2019.

Advisors on staff hold a range of professional certifications, including the CFP®, CRPC and AIF designations.

Envoy Advisory generally uses modern portfolio theory, strategic asset allocation, tactical asset allocation, target-date or glide path models and risk-based portfolios. Certain programs may also use mean variance optimization, fundamental analysis, technical analysis, charting and cyclical analysis through independent asset managers. Portfolios may include mutual funds, exchange-traded funds (ETFs), annuities, managed portfolios, collective investment funds and, for eligible accredited investors, private fund interests.

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Founded in 2017, Altus Wealth Group is a fee-based firm that has a client base almost entirely composed of individuals and high-net-worth individuals. The firm is also known to have advisory relationships with charities, pension and profit-sharing plans, businesses and an investment club. You'll need a minimum of $250,000 in investable assets to become a client.

Some of the advisors at Altus can earn commissions or extra compensation from the sale of insurance policies and/or specific securities. The firm is a fiduciary, though, so it is legally bound to act in clients' best interests at all times. Investment management and wealth planning are the core of this firm's advisory services. Altus' advisors can help clients formulate their portfolio, manage it and rebalance it. Wealth planning involves a much broader look at your financial life as a whole.

Advisors on staff hold the following credentials: CFP®, CFA, CPA, ChFC and certified investment management analyst (CIMA).

Based on your risk tolerance, time horizon and investment objectives, Altus Wealth Group will create a portfolio for you made up of exchange-traded funds (ETFs), mutual funds, individual securities and closed-end funds. After determining your risk tolerance, your advisor will aim to select investments that align with it. The firm believes that this management of volatility should eventually lead to maximized returns for your risk tolerance.

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Corundum Group is a fee-only firm that does not list a specific account minimum, though accounts may be subject to a $10,000 minimum annual fee. The firm was founded in 1992 and operates as a multi-family office.

The firm works with individuals, high-net-worth individuals, trusts, foundations, partnerships and families with more complex financial structures. Its advisory services include asset allocation, investment management, estate planning consultation, family office support, financial planning consultation and financial concierge services. Corundum Group may also coordinate with legal, tax and estate planning professionals and provides trust-related services through Corundum Trust Company.

The investment strategy for a Corundum Group client is generally based on broad asset allocation and diversification across asset classes, geographies and market capitalizations. Portfolios may include stocks of different company sizes, international stocks, municipal and corporate bonds, U.S. government securities and pooled investments such as mutual funds and ETFs.

For some clients, portfolios may also include private credit, structured credit, real estate, private equity, direct loans and private funds managed by Corundum Group or its affiliate, Corundum Partners, Inc. The firm typically manages accounts on a discretionary basis, though clients may impose restrictions.

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Seamount Financial Group is a fee-based firm that requires an account minimum of $500,000. It also has sister offices located in Orange County, California, and Scottsdale, Arizona. Advisors with Seamount may offer you insurance policies to go along with your investment plans. While this could result in financial gain for the advisors, they are fiduciaries, meaning they’re bound by the law to act in your best interest.

Prospective clients who are interested in cash flow management, risk management, wealth management, higher education planning, retirement planning and estate planning will find all of these services available at Seamount.

The team at Seamount has several CFP® practitioners on staff. 

If there are parts of your current financial life that you like and want to continue to implement, Seamount Financial Group will provide strategies to try to work with those needs. However, Seamount also approaches your financial management situation critically, with the assumption that everything can be improved upon. The firm’s specific suggestions are based on your risk tolerance and determined asset allocation.

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Intergy Private Wealth is a fee-based firm whose advisory team includes CFP® professionals and retirement income certified professionals (RICP). The firm works with individuals, high-net-worth individuals, trusts, estates, charitable organizations, retirement plans, corporations, LLCs and other business entities. The firm does not have a set account minimum.

Certain advisors at Intergy Private Wealth may receive commissions from the sale of insurance products. This could create a potential conflict of interest, but the firm is a fiduciary and is legally bound to act in clients' best interests.

The firm's services include portfolio management, financial planning and consulting, third-party manager services, retirement plan consulting and held-away account management.

Based on your risk tolerance, time horizon and investment objectives, Intergy Private Wealth may create a portfolio made up of stocks, bonds, exchange-traded funds (ETFs), options, mutual funds and other public or private securities. The firm may use strategic, dynamic, tactical and core-satellite asset allocation, as well as fixed income, ESG investing, alternative investments, REITs and structured products. Its analysis methods may include fundamental, technical, quantitative, qualitative, cyclical, sector and third-party manager analysis.

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A fee-only and independently owned firm, Petra Financial Advisors is the oldest practice on this list, having been founded in 1991. However, the firm's roots go back even further to 1976. The firm primarily serves individuals and high-net-worth individuals, although it also works with retirement plans and charities. 

The firm offers financial planning, investment management, retirement plan advisory services and special project work. Petra Financial Advisors does not list a specific minimum asset requirement for investment management, though its Lifetime Financial Planning service has a minimum development fee of $8,000.

The Petra team includes professionals with CFP®, CFA, certified kingdom advisor (CKA), financial paraplanner qualified professional (FPQP) and enrolled agent (EA) designations.

The firm's financial planning services may address cash flow management, tax planning, risk management, education funding, retirement planning, estate planning, charitable giving, special needs planning, as well as business succession and employee benefits. 

When it comes to investing client assets, the firm uses fundamental, technical and cyclical analysis, along with asset allocation modeling and mutual fund selection. Portfolios are generally built around an investment policy statement based on a client's goals and risk tolerance. Client portfolios may include mutual funds, ETFs, bonds and other investment types.

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Accelerated Wealth Advisors is a fee-based practice that works with individuals, high-net-worth individuals, families nearing or entering retirement, pension and profit-sharing plans, charitable organizations, corporations, business entities and private funds. The firm does not list a specific standard account minimum for portfolio management services.

As a fee-based firm, some advisors at Accelerated Wealth Advisors may earn commissions from the sale of insurance products and annuities through an affiliated insurance agency. This could create a potential conflict of interest, but the firm and its advisors are bound by a fiduciary duty to put clients’ needs first. The firm offers services such as portfolio management, financial planning, retirement planning, cash flow analysis, estate planning, education planning and risk management.

Accelerated Wealth Advisors generally uses strategic asset allocation as a primary investment approach. Portfolios may include active investment managers, index-based investments, separate accounts, mutual funds, pooled investment vehicles and alternative investments. Depending on the client and strategy, the firm may also use structured products, private funds, Delaware Statutory Trusts, sub-advisors, fixed indexed annuities and other traditional or alternative investment vehicles.

The firm's Form ADV reports one regulatory disclosure related to a 2017 Colorado Division of Securities consent order, which was resolved without an admission of wrongdoing. For more details on this disclosure, access the firm's Form ADV through the SEC's Investment Advisor Public Disclosure system.

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Bonfire Financial is a fee-based firm that concludes our list of the top-rated financial advisors in Colorado Springs. Bonfire offers a variety of investment management and planning services that include wealth management, retirement plan advisory services, consulting services and more. The firm offers these services to a variety of clients that include individuals, high-net-worth individuals, small business owners, pensions, trusts and retirement plans. 

The firm does not have a set account minimum. However, as a fee-based firm, advisors on staff may receive other compensation related to selling insurance. This creates a conflict of interest, despite the firm's fiduciary duty to always act in clients' best interests.  

The team at Bonfire includes advisors with the CFP® and CPA designations.

The firm uses a variety of investment strategies for its clients that aim to provide each client with a diversified portfolio consistent with the objectives of that client. The financial situation of each client is considered with investment choices as well as the client's risk tolerance, time horizon, investment horizon, liquidity needs and more.