Best Financial Advisors in Oregon 2021: Fees and Services

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Updated on Friday, January 22, 2021

Whether you’re located in Portland or further south in Lake Oswego, this list of the top financial advisors in Oregon can likely help simplify your search. Choosing a financial advisor is tough in any state, and Oregon certainly has a lot of options to choose from.

The first step in your search for a financial advisor should be assessing your own financial needs and goals, as well as how much you can comfortably spend on a financial advisor’s services. From there, you’ll be able to start narrowing down your list and comparing your options, which is where this list can come in handy.

We have compiled the most pertinent information on Oregon’s top financial advisor companies to help guide your decision. To determine the best advisors in Oregon, we only looked at firms that manage individual accounts and offer financial planning services. We then ranked these firms based on assets under management (AUM), which serves as a general metric for a firm’s size. Although not formally part of our ranking, we encourage readers to take note of each firm’s client-to-advisor ratio, as this indicates how much attention you may get as a client. All data used in our methodology is taken from each firm’s most recent Form ADV filing with the SEC so as to ensure the accuracy and reliability of our rankings.

Our ranking won’t answer the question of which firm is right for you, but it can help make it easier for you to make that determination. Take a look at our list below for the top firms in Oregon and their key highlights:

8 best financial advisors in Oregon

Methodology and criteria

For our search, we looked at firms across the state of Oregon. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services. Information used for our methodology criteria is taken directly from each firm’s most recent Form ADV filing and brochure, found on the IAPD database.

To localize our results for this list, we exclusively looked at firms that met the above criteria and had their headquarters in Oregon, as per the address provided in the Form ADV. Of those firms, we only considered those that offer financial planning services and portfolio management to individual investors. To be considered for this list, firms also could have no more than one disciplinary disclosure in the past 10 years. From there, the remaining firms that met all of the above stipulations were ranked in order of highest to lowest AUM, as this is an indication of a firm’s size and how many assets it has been entrusted to manage.

In our reviews, we have also listed several other key features that will help you determine which financial advisor may be most fitting for your investing style and financial needs. While our ranking system and methodology is designed to help you compare firms, it does not indicate which firm may be best for you. All information here is accurate as of January 22, 2021, but we urge you to also evaluate these firms on https://adviserinfo.sec.gov/.

1. Arnerich Massena, Inc.

FIND AN ADVISOR
  • Minimum assets required: $3 million
  • AUM: $7,177,256,931
  • Individual investor to advisor ratio: 17:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Performance-based fees
    • Other (a percentage of assets under consultation)
  • Firm phone number: 1 (800) 929-5179
  • Headquarters address:
    2045 N.E. Martin Luther King Jr. Blvd.
    Portland, OR 97212

About Arnerich Massena, Inc.

Arnerich Massena, Inc. was founded in 1991. In 2017, it became wholly owned by its senior employees and officers. The firm offers investment advisory services, financial planning and family office services. Typical clients are individuals — both those who are and are not considered high net worth per the SEC’s definition (at least $750,000 under management or a net worth of at least $1.5 million) — as well as retirement plan sponsors, corporations, charitable organizations and government bodies.

While Arnerich Massena generally requires that individual accounts have at least $3 million in assets, and institutional accounts have at least $5 million, the firm may make exceptions to its stated minimums at its discretion. The firm’s headquarters and sole location is in Portland.

Arnerich Massena, Inc. investing strategy

Advisors at Arnerich Massena believe in creating long-term, diversified portfolios. To do so, the firm emphasizes asset allocation, as well as money manager selection and discipline. Arnerich Massena also seeks to reduce portfolio risk and volatility.

Client portfolios are constructed based on risk and return relationships from traditional and alternative asset categories. Portfolios may contain mutual funds, exchange-traded funds (ETFs), hedge funds, insurance policies and annuity products. The firm usually recommends investment managers based on what it calls the seven “Ps”: philosophy, process, personnel, portfolio, price, performance and passion.

Arnerich Massena, Inc. disciplinary disclosures

Arnerich Massena does not have any disciplinary disclosures to report. Firms registered with the SEC must list any offenses, including criminal, judicial and disciplinary actions involving either the company or its affiliates, on their Form ADV paperwork filed with the SEC for the evaluation of current and potential clients. You can find additional information about Arnerich Massena on the firm’s Investment Adviser Public Disclosure (IAPD) page.

2. Ferguson Wellman Capital Management, Inc.

FIND AN ADVISOR
  • Minimum assets required: $3 million for Ferguson Wellman Capital Management; $750,000 for West Bearing, a division of the company
  • AUM: $5,961,638,487
  • Individual investor to advisor ratio: 27:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: (503) 226-1444
  • Headquarters address:
    888 SW 5th Ave., Suite 1200
    Portland, OR 97204

About Ferguson Wellman Capital Management, Inc.

Established in 1975, Ferguson Wellman Capital Management, Inc. has two divisions: Ferguson Wellman works with those with accounts in excess of $3 million, while West Bearing Investments, established in 2013, works with those with $750,000 or more in assets. Both divisions offer wealth management services to individuals, including high net worth individuals, and investment management services to institutional investors.

Ownership of the firm is shared between nine employees and shareholders. Ferguson Wellman and West Bearing’s headquarters and sole office is located in Portland.

Ferguson Wellman Capital Management, Inc. investing strategy

Ferguson Wellman creates customized, tax-efficient portfolios for its clients using individual equities. The firm, which actively manages numerous asset classes, uses the following strategies to create portfolios that meet clients’ unique long-term goals, income needs, risk tolerance and return objectives:

  • Large-cap core equity: Portfolios in this strategy consist of 50 to 75 individual securities across all sectors of the S&P 500.
  • Large-cap dividend value: This strategy aims for growth-oriented equity; portfolios will consist of dividend-yielding common equities, real estate investment trusts (REITs) and possibly preferred stocks and convertible preferred stocks.
  • Large-cap tax-efficient equity: This strategy is composed of 40 to 65 individual securities distributed across all sectors of the S&P 500 index. It aims for long-term capital appreciation without excessive capital gains in order to minimize tax burden.
  • Global sustainable investing: This holistically-minded strategy looks at environmental, social and governance (ESG) factors while constructing a global equity portfolio.
  • International equity: Portfolios consist of equities in developed and emerging markets using American Depository Receipts, which allow investors to invest in non-U.S. stocks while avoiding the complexities directly investing in a foreign stock market.
  • Fixed income: Portfolios consist of government bonds, agency bonds, mortgage-backed securities, municipal bonds and corporate obligations.
  • Alternatives: This category can include hedge funds, liquid (cash) alternatives, private equity, private real estate and more.

Depending on a client’s unique needs, more than one of the above investment strategies may be used to create their portfolio. Additionally, the firm may use outsourced strategies like small-cap equity, real estate, private equity or hedge fund strategies if deemed appropriate for a client’s situation.

Ferguson Wellman Capital Management, Inc. disciplinary disclosures

Firms registered with the SEC are required to disclose disciplinary events that would be material to a client’s evaluation of the firm. Ferguson Wellman Capital Management does not have any such information to disclose involving either the firm or its affiliates or employees from within the last 10 years. Visit the firm’s IAPD page for more information.

3. Becker Capital Management, Inc.

FIND AN ADVISOR
  • Minimum assets required: $1 million
  • AUM: $4,307,884,565
  • Individual investor to advisor ratio: 32:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (503) 223-1720
  • Headquarters address:
    1211 SW 5th Ave, Suite 2185
    Portland, Oregon 97204

About Becker Capital Management, Inc.

Becker Capital Management, Inc. is an investment advisory firm founded in 1976. The firm offers investment management and, as needed, financial planning services to individuals both with and without a high net worth, as well as to trusts, estates, pension and profit-sharing plans, 401(k) plans, charitable organizations, corporations and public funds. The account minimum requirement for individuals is $1 million, though that may be negotiable under certain circumstances.

The firm is owned by six employees. Becker Capital Management has its headquarters in Portland. One additional office is located in Seattle.

Becker Capital Management, Inc. investing strategy

Becker Capital Management notes that it is a bottom-up, fundamental value manager, meaning that advisors at the firm focus on individual stock selection rather than macroeconomic data and forecasts. Advisors use the following factors when determining whether to invest in an asset:

  • Valuation discount (intrinsic value and historic norm)
  • Quality of business (evaluating if the company has shareholder value, a strong balance sheet, etc.)
  • Investor attitude (current Wall Street opinion of the company)
  • Business trends (seeking favorable long-term trends)

Becker Capital Management offers a wide range of investment strategies to its clients, including:

  • All Cap Value Equity
  • All Cap Value Equity with ETFs
  • Focused All Cap Value Equity
  • Large Cap Value Equity
  • Balanced
  • Balanced with ETFs
  • Taxable Fixed Income
  • Municipal Fixed Income
  • ESG/Socially Responsible Investing
  • Alternative Assets

Which strategy is used for a client’s portfolio will depend on their investment objectives and restrictions, with a focus on tax efficiency.

Becker Capital Management, Inc. disciplinary disclosures

Becker Capital Management has no disciplinary events to disclose. Firms registered with the SEC are required to report any legal, civil judicial or criminal incidents involving the firm or associated employees in their Form ADV, paperwork filed with the SEC. You can find additional information about Becker Capital Management and view its Form ADV by visiting its IAPD page.

4. Northwest Capital Management Inc.

FIND AN ADVISOR
  • Minimum assets required: None specified
  • AUM: $3,976,185,988
  • Individual investor to advisor ratio: 37:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (503) 597-1616
  • Headquarters address:
    13333 SW 68th Parkway, Suite 230
    Portland, OR 97223

About Northwest Capital Management Inc.

Founded in 1985, Northwest Capital Management Inc. is an investment management firm and Certified B Corporation, which means it is required to meet the highest standards of verified social and environmental performance, transparency measure and legal accountability.

Northwest Capital Management serves individuals both with and without a high net worth, as well as institutions, local governments and agencies and retirement plan sponsors. Services offered by the firm include investment management, financial planning and performance reporting.

Northwest Capital Management has two offices: Its headquarters in Portland and an additional office in Seattle. The firm is majority-owned by Brent Petty, who serves as president and director of the firm.

Northwest Capital Management Inc. investing strategy

Northwest Capital Management believes that how a client should invest their money should depend on when they need to spend their funds. The sooner the money is needed, the more conservative a portfolio should be. Clients of Northwest Capital Management will likely have their money invested in mutual funds, ETFs or collective trusts. For those who require income-oriented portfolios, the firm will buy coupon bonds or insured certificates of deposit (CDs).

In addition to its standard investment management services outlined above, Northwest Capital Management offers a service called Signature Portfolio Strategies. This service uses software to help determine a client’s financial goals and objectives, which are then used to decide which investment strategies to implement. Another service offered by the firm is Core Portfolios, which uses index funds and ETFs. While Signature Portfolios may contain individual stocks and/or bonds, and investments may be spread across several brokerage accounts, Core Portfolios do not contain these investment types and are limited to a single brokerage account.

Northwest Capital Management Inc. disciplinary disclosures

Neither Northwest Capital Management nor its employees have been involved in any reportable legal or disciplinary events. The SEC requires registered financial advisory firms to disclose all events that may be crucial to client evaluation of the firm on their Form ADV, including any civil, criminal or regulatory events within the last decade. Access the firm’s Form ADV and get more information by visiting its IAPD page.

5. Aldrich Wealth LP

FIND AN ADVISOR
  • Minimum assets required: Negotiable
  • AUM: $1,993,493,288
  • Individual investor to advisor ratio: 27:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (503) 620-5329
  • Headquarters address:
    5665 SW Meadows Road, Suite 200
    Lake Oswego, OR 97035

About Aldrich Wealth LP

Formed in 1998, Aldrich Wealth LP is a registered investment advisory firm that is majority owned by AKT Services, LLP, a partnership owned by more than 30 individuals. Aldrich Wealth has its headquarters in the Lake Oswego area of Portland, and it also performs investment advisory services at offices in Salem, Oregon, and Carlsbad, Calif.

Aldrich Wealth LP offers investment management, financial planning, consulting and tax services to its clients. The firm has two divisions: Private Wealth, which serves individuals, businesses, trusts and other entities; and Corporate Retirement Plan, which offers investment management services to self-directed and trustee-directed retirement plans.

Aldrich Wealth LP investing strategy

Portfolios created by Aldrich Wealth have asset allocations ranging from conservative to aggressive. The firm generally diversifies portfolios across classes, geographies and a number of other factors. Allocations depend on a client’s risk tolerance and time horizon, as well as their financial objectives and goals, with the aim of providing competitive after-tax returns.

The firm does not use in-house analysis or allocation; advisors instead use third-party software, which is a fairly common practice across advisory firms. Aldrich Wealth uses both active and passive managers for portfolio oversight (passive generally refers to mutual funds and ETFs, while active managers attempt to target returns not associated with a specific index), though it will generally default to passive management unless a clear case can be made for an active approach. Alternative investments are also available.

Aldrich Wealth LP disciplinary disclosures

Aldrich Wealth does not have any disciplinary disclosures to report, including any civil, criminal or regulatory events within the last 10 years involving either the firm or its employees or affiliates. The SEC requires all registered investment advisors to provide such information in their Form ADV paperwork. For additional information, visit the firm’s IAPD page.

6. Vista Capital Partners, Inc.

FIND AN ADVISOR
  • Minimum assets required: $2 million
  • AUM: $1,620,750,645
  • Individual investor to advisor ratio: 32:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: (503) 772-9500
  • Headquarters address:
    9755 SW Barnes Rd., Suite 595
    Portland OR 97225

About Vista Capital Partners, Inc.

Formed in 2001, Vista Capital Partners, Inc. is a fee-only financial advisory firm that markets itself to clients with more than $2 million to invest. Despite this minimum, the firm works with individuals who both are and are not considered high net worth, as well as trusts, estates, businesses, corporate pension and profit-sharing plans and charitable organizations. Services offered by the firm include investment and wealth management and, to the extent requested by the client, guidance on various financial planning-related topics, including retirement planning, college savings plans and charitable giving.

The firm is owned by seven of its employees, with majority ownership split between Doug Johanson, the firm’s CEO, and Michael O’Reilly, who serves as chief growth officer. Vista Capital Partners operates out of an office located in Portland.

Vista Capital Partners, Inc. investing strategy

There are two key tenets of Vista Capital Partners’ investment philosophy: asset allocation and diversification. Asset allocation is informed by client risk tolerance, time horizon and income needs, while diversification is achieved by primarily investing in index funds.

The firm avoids stock-picking or market-timing, instead favoring the creation of smartly structured portfolios through the combination of different asset classes. Portfolios may consist of U.S. stocks, international stocks (developed and emerging markets), real estate investment trusts (REITs), bonds and cash or cash equivalents. The firm practices disciplined rebalancing, which helps keep portfolios from drifting from initial allocation targets.

Vista Capital Partners, Inc. disciplinary disclosures

Vista Capital Partners does not have any disclosures to report. This means the firm has a clean disciplinary record. Financial advisory firms registered with the SEC are required to report their disciplinary history on public paperwork to provide transparency for prospective or current clients evaluating the firm. View Vista Capital Partners’ IAPD page for more information.

7. Matisse Capital

FIND AN ADVISOR
  • Minimum assets required: $1 million
  • AUM: $1,250,413,315
  • Individual investor to advisor ratio: 56:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (503) 210-3000
  • Headquarters address:
    4949 Meadows Road, Suite 200
    Lake Oswego, OR 97035

About Matisse Capital

Matisse Capital is an investment advisory firm that was established in 2010. The firm was previously called Deschutes Portfolio Strategies until 2018, when it changed its name to avoid confusion with another local advisory firm with a similar name. The firm’s services include investment advice, financial planning and retirement plan management.

Matisse Capital typically works with the following types of clients: individuals (both high net worth and otherwise), trusts, estates, charitable organizations, corporations, open-end mutual funds, investment partnerships, pension and profit-sharing plans, foundations and endowments. While the firm currently has a large number of non-high net worth clients, the general minimum to open an individually managed account is $1 million.

Matisse Capital’s office is located in Lake Oswego. Bryn Torkelson, Matisse Capital’s founder and chief investment officer, owns the firm.

Matisse Capital investing strategy

Like many financial advisor firms, Matisse Capital believes in modern portfolio theory, which adopts reduction in risk through diversification. Client portfolios are primarily invested in a combination of low-fee, open-ended (no target date) mutual funds from different companies.

While portfolios mainly consist of mutual funds, other securities may also be included, such as individual equity securities, ETFs, closed-end funds, corporate bonds, annuities and more. Matisse Capital also offers a strategy that consists of discounted closed-end funds. The aim of this strategy is to take advantage of inefficiencies through publicly traded closed-end funds to make a return.

Matisse Capital disciplinary disclosures

Matisse Capital does not have any disciplinary actions to report. Registered investment advisory firms must disclose facts material to the evaluation of the firm’s integrity for current and potential clients to review, including any civil, criminal or regulatory events within the last decade involving the firm or its employees. Check out the firm’s IAPD page to access its Form ADV and get more information on the firm.

8. Deschutes Investment Consulting, LLC

FIND AN ADVISOR
  • Minimum assets required: $250,000
  • AUM: $1,217,422,062
  • Individual investor to advisor ratio: 37:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Commissions
  • Firm phone number: (503) 224-3700
  • Headquarters address:
    200 SW Market Street, Suite 550
    Portland, OR 97201

About Deschutes Investment Consulting, LLC

Deschutes Investment Consulting, LLC was formed in 2011, though the firm was originally created in 1997 and operated under the name Deschutes Investment Advisors. Hall is the sole owner of the firm today, as well as its chief compliance officer. The firm has one office located in Portland.

Deschutes Investment Consulting offers investment advisory services and wealth management services on topics including insurance, estate planning, retirement planning, college planning and wealth transfers. The firm also offers services through Institutional Intelligent Portfolios, an automated online investment management program sponsored by Schwab Wealth Investment Advisory, Inc. Clients include individuals, high net worth individuals, trusts, endowments, corporations and pension and profit-sharing plans. The firm generally requires a minimum investment of $250,000.

Deschutes Investment Consulting, LLC investing strategy

Advisors at Deschutes Investment Consulting believe that asset class diversification is the primary driver of long-term capital preservation and growth. Most clients accounts will be invested in low-cost opened-ended mutual funds, ETFs and separately managed accounts. Clients who opt to engage with the firm through the Institutional Intelligent Portfolios platform have portfolios limited to ETFs and cash.

In addition to the above asset types, Deschutes Investment Consulting may offer advice on private funds to certain qualified clients.

Deschutes Investment Consulting, LLC disciplinary disclosures

This firm does not have any disclosures to report. For reference, firms registered with the SEC must disclose reportable offenses on public-facing documents including their Form ADV. This includes any civil, criminal or regulatory events involving the firm, its employees or its affiliates from within the last 10 years. Visit Deschutes Investment Consulting’s IAPD page for more information.

Financial advisors in Oregon: FAQ

Yes. Financial advisors who are bound by fiduciary duty (all the firms on this list and any registered with the SEC) must act in their clients’ best interest at all times. Firms that are not bound by fiduciary duty are only required to provide recommendations that are suitable but not necessarily the absolute best for their client, which can leave room for the advisor to put their own interests before their clients’ and make a profit at their expense.

Matching your financial needs with what a financial advisor offers is often the best route. Researching and requesting informational meetings with prospective firms will help lead you to an advisor who suits your needs. For example, if you’re looking for investment management and no other services, that may lead you to a different firm than if you’re in need of financial planning, tax preparation and charitable giving, along with investment management. Also, keep in mind the firm’s account minimum requirement as well as whether the advisor has experience in serving clients with financial situations similar to yours.

Oregon levies a progressive personal state income tax on its full-year and part-year residents, with rates ranging from 5% to close to 10%. The state also has an estate tax and an inheritance tax; which tax you are subject to will depend on the date of death. If the estate or trust generates income, it is also subject to income tax. Residents of the state may also be subject to federal estate taxes.

The short answer: No. Not all financial advisory firms even offer retirement planning. Firms often specialize in a few areas, like wealth management, financial planning or tax planning. Some firms do specialize in retirement planning, and will offer services like annuity and insurance review, as well as cash flow analysis and more. Firms may offer a wide array of services or tailor their offerings to a specific set of clientele. If you want to find a firm that can specifically help you with retirement planning, make sure to check the services listed in their brochure and also ask what their experience is in providing this service.

The “Find a Financial Advisor” links contained in this article will direct you to webpages devoted to MagnifyMoney Advisor (“MMA”). After completing a brief questionnaire, you will be matched with certain financial advisers who participate in MMA’s referral program, which may or may not include the investment advisers discussed.