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Top Financial Advisors in Springfield, MO

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SmartAsset.com maintains strict editorial integrity. This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, in which SmartAsset is compensated for lead referrals, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Springfield, Missouri

The search for a financial advisor in Springfield, Missouri - or anywhere - can be daunting. How do you know that someone is qualified? How do you know if they have faced any disciplinary action from regulators? We did some of the initial hard work for you and narrowed the field to the top financial advisor firms in Springfield. Use our advisor matching tool to connect with up to three vetted advisors who serve your area. 

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Forvis Mazars Wealth Advisors, LLC Forvis Mazars Wealth Advisors, LLC logo Find an Advisor

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$8,922,002,847 $5,000 minimum annual fee
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

$5,000 minimum annual fee

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
2 Pinnacle Family Advisors, LLC Pinnacle Family Advisors, LLC logo Find an Advisor

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$341,342,744 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Financial and business consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Financial and business consulting
3 Mackay Financial Planning, LLC Mackay Financial Planning, LLC logo Find an Advisor

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$140,115,580 No set account minimum
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
4 Floyd Financial Group, LLC Floyd Financial Group, LLC logo Find an Advisor

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$146,320,000 $30,000
  • Portfolio management
  • Retirement planning
  • Financial planning

Minimum Assets

$30,000

Financial Services

  • Portfolio management
  • Retirement planning
  • Financial planning
5 RLB Financial RLB Financial logo Find an Advisor

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$149,113,737 None
  • Investment management
  • Asset allocation
  • Portfolio monitoring
  • Financial planning

Minimum Assets

None

Financial Services

  • Investment management
  • Asset allocation
  • Portfolio monitoring
  • Financial planning

What We Use in Our Methodology

To find the top financial advisors in Springfield,, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.

Forvis Wealth Advisors

Forvis Mazars Wealth Advisors is a fee-only firm that provides portfolio management and financial planning services, as well as tax and accounting services.

While the firm does not require clients to have an account minimum, it does have a $5,000 annual minimum fee unless waived. Fees are charged quarterly in advance, based on a percentage of assets under management (AUM), with an annual cap of 2%.

Investment strategies at Forvis Mazars are guided by six core beliefs, including global diversification, combining active and passive management, avoiding market timing, controlling costs and taxes, staying disciplined and focusing on the long term.

Portfolios are based on each client’s specific risk profile, with a primary focus on long-term growth. In some cases, short-term strategies like margin or options may be used.

Forvis Mazars advises on a wide range of investments, including money market funds, bonds, stocks, mutual funds, ETFs, managed accounts and annuities.

Pinnacle Family Advisors

Pinnacle Family Advisors is a fee-based firm with a staff that includes a Certified Financial Planner™ (CFP®). 

The firm doesn’t impose a minimum account size to receive investment management services. Its advisors primarily work with clients who are non-high-net-worth and high-net-worth individuals, as well as businesses, investment companies, charities and those with pension and profit-sharing plans.

Some representatives are also members of other financial services firms and earn commissions from these firms when they sell their products. These non-advisor roles may create potential conflicts of interest. That said, as an SEC-registered firm, fee-based Pinnacle Family Advisors has a fiduciary duty to work in the best interests of its clients. 

Pinnacle Family Advisors offers a range of services, including asset management, family office and wealth planning, investment company advisory services, selection of other advisors, pension consulting and financial planning.

The firm creates portfolios based on the risk tolerance of the client. They consider several factors such as the client’s financial situation and long-term goals before setting up an asset allocation strategy. When evaluating securities, the firm engages in a mix of fundamentaland technical analyses.

Mackay Financial Planning, LLC

Mackay Financial Planning is a fee-only firm that provides financial planning services to both high-net-worth and non-high-net-worth individuals, as well as charities.

The firm does not require any asset or income minimums, sayis in its brochure that it works with "people from all walks of life.” Clients pay dfor services in two ways: either as one-time projects or as ongoing partnerships, depending on needs, budget and preferences.

Mackay Financial Planning recommends that clients keep a diversified asset allocation by using disciplined, low-cost, long-term strategies. The firm’s approach is guided by research that focuses on asset allocation decisions—how much is invested in stocks, bonds, alternatives, or cash—as key drivers of long-term investments.

Portfolio investments typically include index funds and ETFs to keep costs low and simplify exposure to markets. And when recommending mutual funds, Mackay Financial Planning favors no-load options when available.

The firm assesses each client’s tolerance for market ups and downs using questionnaires, interviews and past behavior during volatility.

Floyd Financial Group, LLC

Floyd Financial Group is a fee-based firm that offers portfolio management, retirement planning and financial planning services to both high-net-worth and non-high-net-worth individuals, as well as corporations and businesses.

The firm imposes a $30,000 account minimum for individual clients, but its brochure says that requirement can be waived based on discretion.

Floyd uses an individualized asset allocation approach for each client, based on their goals, risk tolerance and investment horizon.

The firm says that asset allocation strategies aim to balance risk and reward by spreading investments across different asset classes. These include stocks, bonds and cash.

To manage client accounts, the advisor uses several methods of analysis. These include fundamental analysis, which looks at a company’s financial health; technical analysis, which studies price patterns and trading volume; and cyclical analysis, which tracks economic cycles.

RLB Financial

RLB Financial is a fee-based firm that offers a wide range of financial services that focus on estate planning, investments, retirement and taxes for individuals and high-net-worth clients.

The firm’s investment strategy is guided by each client’s stated goals, which are documented in an investment policy statement or risk tolerance form, and can be updated at any time.

The firm uses several methods to analyze securities, including fundamental, technical and cyclical analysis. Fundamental analysis looks at company data like earnings and profit margins, technical analysis reviews past prices and volume, and cyclical analysis studies market cycles.

Investment decisions are also based on information from financial publications, research reports and rating services.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research