Best Financial Advisors in Portland 2021: Fees and Services

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Written By

Reviewed By

Updated on Monday, February 8, 2021

If you’re just starting the process of searching for a financial advisor in Portland, you may be feeling overwhelmed by the number of choices in Oregon’s most-populated city. Much like picking which book to buy at Powell’s Books, choosing a financial advisor largely comes down to your personal preferences and needs. Before you start your search, you’ll want to identify what those are, as well as how much you can comfortably spend on an advisor’s services.

From there, you’ll need to compare your options. We understand that looking through firms and data points can seem daunting though, so we have gone ahead and compiled the most pertinent information on Portland’s best financial advisors. To determine the top advisors in Portland, we looked exclusively 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.

Although our ranking won’t tell you which firm will suit you best, it can help simplify your decision-making process. Check out our list below for the top firms in Portland and their main highlights:

8 best financial advisors in Portland

Methodology and criteria

For our search, we looked at firms across the city of Portland. 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 Portland, 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 February 8, 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 NE Martin Luther King Jr. Blvd.
    Portland, OR 97212

About Arnerich Massena, Inc.

Arnerich Massena, Inc. is an employee-owned financial advisory firm that was founded in 1991. The firm serves individuals, including high net worth individuals (defined by the SEC as those with 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 governmental bodies. New individual clients are generally required to have at least $3 million in assets, and institutional accounts require an investment of at least $5 million. However, Arnerich Massena may make exceptions to its stated minimums at its discretion.

The firm offers advisory services, financial planning and family office services. It operates out of its single office in Portland.

Arnerich Massena, Inc. investing strategy

The guiding practice at Arnerich Massena is to create long-term, diversified portfolios. Advisors at the firm believe that asset allocation — in conjunction with thoughtful money manager selection, discipline and effective implementation — is the key to success. The firm believes that asset allocation also helps to reduce risk and volatility in client portfolios.

Client portfolios may contain mutual funds, exchange-traded funds (ETFs), hedge funds, insurance policies and annuity products, with the exact combination determined based on a client’s long-term goals and needs. To evaluate and select investment managers, Arnerich Massena uses what it calls the seven “Ps,” which look at 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 such events — including criminal, judicial and regulatory actions from within the last decade involving the firm, its employees or its affiliates — on their Form ADV paperwork filed with the SEC. Find additional information about Arnerich Massena and view its Form ADV by visiting 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. offers wealth management and investment management services to individuals who are and are not considered high net worth, as well as institutions and retirement plans. There are two divisions within the firm: Ferguson Wellman Capital Management works with clients who have $3 million or more in investable assets, while West Bearing Investments, a division of the firm established in 2013, works with clients with $750,000 or more in assets.

The firm’s headquarters (and sole location) is in Portland. Ferguson Wellman Capital Management is owned by nine employees and shareholders.

Ferguson Wellman Capital Management, Inc. investing strategy

Each client of Ferguson Wellman Capital Management receives investment advice designed to meet their personal financial goals, risk tolerance and return objectives. Advisors create custom, tax-efficient portfolios for clients based on these factors.

Ferguson Wellman offers clients a number of investment strategies, and several may be used in client portfolios depending on their needs. Each strategy, which is overseen by its own advisory team, targets specific investments to achieve a particular outcome, such as growth or fixed income. The strategies include large-cap core equity, large-cap dividend value, large-cap tax-efficient equity, global sustainable investing, international equity, fixed income and alternatives, which can mean hedge funds and liquid (cash) alternatives, among others.

Ferguson Wellman Capital Management, Inc. disciplinary disclosures

Ferguson Wellman Capital Management does not have any disciplinary information to disclose involving either the firm or its employees or affiliates from within the last 10 years. The SEC requires all registered investment advisory firms to publicly disclose this information in their Form ADV paperwork filed with the SEC. Visit Ferguson Wellman Capital Management’s IAPD page for additional 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, OR 97204

About Becker Capital Management, Inc.

Becker Capital Management, Inc. offers investment advisory services to individuals, high net worth individuals, trusts, estates, pension and profit-sharing plans, 401(k) plans, charities, endowments and foundations, corporations and public funds. It can also provide financial planning services to individuals as needed. Individual clients are subject to a $1 million account minimum, though this requirement is negotiable under certain circumstances.

The firm is employee-owned. Becker Capital Management was founded in 1976 and has two offices: its headquarters in Portland and another location in Seattle.

Becker Capital Management, Inc. investing strategy

Advisors at Becker Capital Management offer a number of portfolio strategies to clients, which are recommended based on their investment and financial objectives as well as any restrictions they request to impose. Offered investment strategies include:

  • 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 (environmental, social and governance)/Socially Responsible Investing
  • Alternative Assets

Each of the above strategies targets a different allocation or type of investment to help meet the goal of the strategy.

The firm is a bottom-up fundamental value manager, which means that individual stock selection is the focus, not macroeconomic data and forecasts. A number of factors are used to determine whether to invest in an asset. These factors include valuation discount (the 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) and business trends, with a focus on the long term.

Becker Capital Management, Inc. disciplinary disclosures

Becker Capital Management has a clean record, meaning it has no regulatory, civil or criminal incidents from within the last decade to disclose. You can find additional information about Becker Capital Management on the firm’s IAPD page.

4. Northwest Capital Management Inc.

FIND AN ADVISOR
  • Minimum assets required: Not 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.

Northwest Capital Management, Inc. is an investment management firm that was founded in 1985 and is majority owned by Brent Petty, the president of the firm. Northwest Capital Management is a Certified B Corporation, which means it meets the certifying body’s standards of social and environmental performance, transparency and legal accountability.

The firm serves individuals, institutions, local governments and agencies and retirement plan sponsors, and while it notes that its business model favors those with larger portfolios, it also serves those with smaller accounts. It offers investment management and financial planning services out of its headquarters in Portland and an additional office in Seattle.

Northwest Capital Management Inc. investing strategy

Northwest Capital Management offers two portfolio services to its clients: Signature Portfolio Strategies and Core Portfolios. Signature Portfolio Strategies is ground in the firm’s financial planning services and uses software to help determine a client’s financial goals and objectives, which inform what investment strategies are then implemented. With Signature Portfolio Strategies, investments may be spread across several brokerage accounts and can be invested in a number of securities, including individual stocks and/or bonds, index funds, ETFs and more. The other portfolio service, Core Portfolios, uses index funds and ETFs and is limited to a single brokerage account.

The overarching philosophy at Northwest Capital Management is that a client should invest their money based on when that money is needed. The sooner it’s needed, the more conservative the client’s portfolio should be.

Northwest Capital Management Inc. disciplinary disclosures

Northwest Capital Management has a clean disciplinary record, meaning that neither the company nor its employees or affiliates have been subject to any civil, criminal or regulatory infractions within the last decade. The SEC requires registered financial advisory firms to disclose all events that may be material to client evaluation of the firm on their Form ADV paperwork. Access Northwest Capital Management’s Form ADV and brochure by visiting its IAPD page.

5. 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.

Vista Capital Partners, Inc. is a fee-only financial advisory firm that was formed in 2001. Headquartered and operated out of one office in Portland, the firm is employee-owned. The majority ownership percentages are split between Doug Johanson, the firm’s CEO, and Michael O’Reilly, who serves as chief growth officer.

The firm generally works with clients who have at least $2 million to invest. Despite this minimum, its clients include individuals, trusts, estates, corporations and business entities, corporate pension and profit-sharing plans, charitable institutions, foundations and endowments. Vista Capital Partners’ menu of services includes investment management and advice on various topics, including retirement planning, college savings plans and charitable giving.

Vista Capital Partners, Inc. investing strategy

Advisors at Vista Capital Partners regard themselves as their clients’ financial quarterbacks, as they consider all areas of a client’s financial life and work closely with their other advisors, including in areas such as insurance, estate planning and taxes.

For portfolio construction, advisors take into account a client’s risk tolerance, time horizon and income needs. Asset allocation and diversification are the firm’s two main governing philosophies, as well as periodic rebalancing to keep portfolios on track. Most client accounts will primarily consist of index funds, in an effort to minimize taxes and fees, but the firm also may use U.S. stocks, international stocks (developed and emerging markets), real estate investment trusts (REITs), bonds and cash or cash equivalents.

Vista Capital Partners, Inc. disciplinary disclosures

Vista Capital Partners has a clean disciplinary record. For reference, all financial advisory firms registered with the SEC are required to report their disciplinary history to provide transparency for prospective or current clients evaluating the firm. Visit Vista Capital Partners’ IAPD page for additional information on the firm and to access its Form ADV paperwork.

6. 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 is a financial advisory that was formed in 2011 after a name change. The firm was originally founded in 1997 but changed its name to differentiate itself from a similarly named business. The firm, which has one office in Portland, is solely owned by MacGregor Hall, who serves as the firm’s president and chief compliance officer.

Deschutes Investment Consulting offers investment advisory services and wealth management services, which include insurance, estate planning, retirement planning, college planning and wealth transfers. Typical clients of the firm are individuals, including their trusts, estates and retirement plans, as well as charitable organizations, corporations, funds and corporate pension and profit-sharing plans.

Deschutes Investment Consulting, LLC investing strategy

For clients with $250,000 or more to invest, Deschutes Investment Consulting offers individually managed accounts. In managing these types of accounts, advisors believe that asset class diversification is the primary driver of long-term capital preservation and growth. Most clients accounts are invested in low-cost, opened-ended mutual funds, ETFs and separately managed accounts.

For those with less than $250,000 to invest, the firm offers the Institutional Intelligent Portfolio program, an automated, online investment management platform that is sponsored by Schwab Wealth Investment Advisory. Inc. Portfolios in this program are limited to ETFs and cash.

Deschutes Investment Consulting, LLC disciplinary disclosures

Deschutes Investment Consulting does not have any disclosures to report. Firms registered with the SEC must disclose reportable issues involving the firm and its employees, including any civil, judicial or criminal events within the last 10 years. Visit the firm’s IAPD page for additional information.

7. Multnomah Group, Inc.

FIND AN ADVISOR
  • Minimum assets required: $250,000
  • AUM: $1,146,420,382
  • Individual investor to advisor ratio: 2:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (888) 559-0159
  • Headquarters address:
    111 SW 5th Avenue, Suite 4000
    Portland, OR 97204

About Multnomah Group, Inc.

Founded in 2003, Multnomah Group, Inc. is an independent firm that offers investment advisory, portfolio management and financial planning services. Its clients include individuals (both high net worth and otherwise), pension and profit-sharing plans, charitable organizations, corporations, other investment advisors and state or municipal government entities. A minimum of $250,000 in investable assets is generally required to open an account.

The firm’s two founders, Erik Daley, who serves as the firm’s managing principal, and Scott Cameron, the firm’s chief investment officer, share majority ownership of Multnomah Group. The firm operates out of one office in Portland.

Multnomah Group, Inc. investing strategy

For the most part, client portfolios created by Multnomah Group primarily consist of mutual funds and ETFs. The firm believes that these two types of securities help to maximize diversification and minimize risk. However, the firm may also use individual stocks and bonds, among other investment types, based on a client’s needs and goals.

Other tenets of Multnomah Group’s investment strategy include taking a long-term approach and designing portfolios around client particulars, such as their risk tolerance and preferences, including for the inclusion of environmentally sustainable and tax-managed funds.

Multnomah Group, Inc. disciplinary disclosures

Firms registered with the SEC must report any disciplinary infractions from the past 10 years. Multnomah Group does not have anything to disclose. Check out the firm’s IAPD page for additional information.

8. Phillips and Company Advisors LLC

FIND AN ADVISOR
  • Minimum assets required: None
  • AUM: $1,069,183,000
  • Individual investor to advisor ratio: 65:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (503) 224-0858
  • Headquarters address:
    521 SW 11th Ave., Suite 200
    Portland, OR 97205

About Phillips and Company Advisors LLC

Formed in 2011, Phillips and Company Advisors LLC provides an array of services including holistic wealth management, retirement planning, trust and estate services, educational funding solutions, equity strategies, cash management, stock option exercise, lending, family office and endowment services and 401(k) investing. Clients include individuals, including those who are considered high net worth, trusts, estates, charitable organizations and businesses.

The company operates out of a single office in Portland. The firm’s CEO, Timothy C. Phillips, is the majority owner of Phillips and Company Advisors.

Phillips and Company Advisors LLC investing strategy

Phillips and Company Advisors sponsors a wrap-fee program called the Investor Advantage Program, for which the firm’s investment advisors serve as portfolio managers. Wrap-fee programs combine advisory services and transaction services for one fee. Most portfolios are designed based on one of the following objectives: current income, growth and income, conservative growth, moderate growth and growth. Portfolios in this program generally consist of no-load mutual funds, equity positions, fixed income positions, municipal securities and U.S. government securities, with the exact combination determined based on a client’s unique needs.

Phillips and Company Advisors also offers clients access to products offered by another firm, Lockwood Capital Management. This firm’s offerings include a proprietary investment strategies portfolio, an asset allocation portfolio (made up of mutual funds) and AdvisorFlex Portfolios, which consist of mutual funds and ETFs. An advisor at Phillips and Company Advisors will help clients to determine the appropriate portfolio style for them, while the team at Lockwood handles the day-to-day portfolio management.

Phillips and Company Advisors LLC disciplinary disclosures

Phillips and Company Advisors has a clean disciplinary record. That means there are no regulatory, criminal or civil judicial matters involving either the firm or its employees or affiliates from within the last 10 years to report. Visit the firm’s IAPD page for more information.

Financial advisors in Portland: FAQ

Residents of the Portland metro area with an individual taxable income of $200,000 for joint filers or $125,000 for single filers are subject to a 1% tax starting in 2021. The state of Oregon also levies a progressive personal income tax on residents that ranges from 5% to 9.90%.

Oregon does have a state estate tax for estates of $1 million or more, with the rate ranging from 10% to 16%. Federal estate taxes may also apply depending on the size of the estate.

While many financial advisors focus their businesses around retirement planning and the needs of retirees, not all do. Instead, some firms specialize in serving the needs of the ultrawealthy, or in serving a specific demographic, like physicians. Others may be more focused on providing investment advice rather than financial planning-related services, such as planning ahead for retirement. As such, if retirement planning is a priority for you, then you will want to search for an advisor that focuses in this area and confirm their experience in providing this service.

A fiduciary financial advisor is legally and ethically bound to act in their client’s best interest at all times. Financial advisors who are not fiduciaries are simply bound by the suitability standard, which only requires that they make recommendations that are suitable for their client — not necessarily what is best. This may introduce potential conflicts of interest, as advisors can make recommendations and sell products that put their bottom line ahead of clients’ best interests.

Financial advisors generally make money from the fees they charge clients, though they can also earn compensation through commissions from the sale or recommendation of financial products or based on portfolio performance. Advisors may charge clients based on a percentage of their assets under management (how much money is invested by the financial advisor on the client’s behalf), or they can charge clients an hourly rate or a fixed fee for their services. Learn more about the types of fees an advisor may charge — as well as how much these fees typically run — by reading this article on the cost of a financial advisor.

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.