Red Mountain Financial Partners

CRD#174672
Investment Advisor Firm

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Learn more about Red Mountain Financial Partners

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Red Mountain Financial Partners is located at 555 Rivergate Lane - Suite B1-107, Durango, CO. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Red Mountain Financial Partners is not a registered broker-dealer.

    Red Mountain Financial Partners oversees $169.3 million in assets under management across 651 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include financial planning services and portfolio management for individuals and small businesses. The firm caters to retail investors, high net worth investors, pension plans, and corporations, with retail investors being the largest client type by accounts. The fee structure at Red Mountain Financial Partners includes asset-based, hourly, and fixed fees. The firm has 56 high net worth clients.

    Red Mountain Financial Partners is registered in the states of Arizona, California, Colorado, Illinois, Kansas, New Mexico, and Texas.

    Assets Under Management

    $169.3 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    555 Rivergate Lane - Suite B1-107
    Durango, CO 81301

    Red Mountain Financial Partners by the Numbers

    Total Assets Under Management

    $169.3 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    651

    National Average: 375,227
    Average Account Size

    $260.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services provided by Red Mountain Financial Partners include financial planning services and portfolio management for individuals and small businesses. In the past financial year, Red Mountain Financial Partners provided 101-250 of its customers with financial planning services. It is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Fees for financial advice typically depend on which services are offered. Fees billed by Red Mountain Financial Partners likely consist of some combination of the following fee types: asset-based, hourly, or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm caters to retail investors, high net worth investors, pension plans, and corporations. Out of its 4 clients, Red Mountain Financial Partners's biggest client type by number of accounts is high net worth investors, though it also serves 56 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 14.66%
    • Other Individuals - 83.77%
    • Corporations - 1.57%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Red Mountain Financial Partners does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Red Mountain Financial Partners

    Cara Flynt
    Durango, CO
    David Rick
    Durango, CO
    Michael Warren
    Durango, CO

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