# Fee-only financial advisors in New Mexico

> AdvisorCensus lists 30 investment advisory firms with a principal office in New Mexico that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.

Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/nm/fee-only

## At a glance

- Investment advisory firms: 30
- Registration: SEC-registered investment adviser: 7, State-registered investment adviser: 23
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 30 (100%); Percentage of assets 27 (90%); Hourly charges 15 (50%); Subscription fees (newsletter or periodical) 1 (3%); Fixed fees 7 (23%)
- Regulatory assets under management (Item 5.F): Under $25 million 13 (43%); $25 million to $100 million 4 (13%); $100 million to $500 million 6 (20%); $500 million to $1 billion 2 (7%); Not reported 5 (17%)
- Years registered: Under 5 years 10 (33%); 5 to 9 years 4 (13%); 10 to 19 years 9 (30%); 20 years or more 7 (23%)

## Firms (page 1 of 1, 1 to 30 of 30, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [Alvarez Advisory LLC](https://advisorcensus.com/firm/alvarez-advisory-llc-341652) ([md](https://advisorcensus.com/firm/alvarez-advisory-llc-341652.md)) | 341652 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets |
| [Be Brave NOT Broke LLC](https://advisorcensus.com/firm/be-brave-not-broke-llc-albuquerque-nm-327173) ([md](https://advisorcensus.com/firm/be-brave-not-broke-llc-albuquerque-nm-327173.md)) | 327173 | Albuquerque, NM | State-registered investment adviser | Not reported | 2 | Hourly, Fixed fee |
| [Bustamante Financial Planning](https://advisorcensus.com/firm/bustamante-financial-planning-165175) ([md](https://advisorcensus.com/firm/bustamante-financial-planning-165175.md)) | 165175 | Not reported, Not reported | State-registered investment adviser | Not reported | 14 | Hourly |
| [Coalson Financial Services, LLC](https://advisorcensus.com/firm/coalson-financial-services-llc-las-cruces-nm-148603) ([md](https://advisorcensus.com/firm/coalson-financial-services-llc-las-cruces-nm-148603.md)) | 148603 | Las Cruces, NM | State-registered investment adviser | Under $25 million | 17 | % of assets |
| [Dyad Capital LLC](https://advisorcensus.com/firm/dyad-capital-llc-albuquerque-nm-325741) ([md](https://advisorcensus.com/firm/dyad-capital-llc-albuquerque-nm-325741.md)) | 325741 | Albuquerque, NM | State-registered investment adviser | Under $25 million | 3 | % of assets |
| [Eddie Haggar Capital MGT, Inc.](https://advisorcensus.com/firm/eddie-haggar-capital-mgt-inc-116482) ([md](https://advisorcensus.com/firm/eddie-haggar-capital-mgt-inc-116482.md)) | 116482 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 22 | % of assets |
| [Field Capital Management, LLC](https://advisorcensus.com/firm/field-capital-management-llc-santa-fe-nm-114229) ([md](https://advisorcensus.com/firm/field-capital-management-llc-santa-fe-nm-114229.md)) | 114229 | Santa Fe, NM | State-registered investment adviser | Under $25 million | 24 | % of assets, Hourly |
| [Financial Design & Research](https://advisorcensus.com/firm/financial-design-and-research-319684) ([md](https://advisorcensus.com/firm/financial-design-and-research-319684.md)) | 319684 | Not reported, Not reported | State-registered investment adviser | Not reported | 4 | % of assets, Hourly, Fixed fee |
| [First Choice Financial Planning, LLC](https://advisorcensus.com/firm/first-choice-financial-planning-llc-166363) ([md](https://advisorcensus.com/firm/first-choice-financial-planning-llc-166363.md)) | 166363 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 9 | % of assets |
| [Fish Advisory, LLC](https://advisorcensus.com/firm/fish-advisory-llc-tesuque-nm-312080) ([md](https://advisorcensus.com/firm/fish-advisory-llc-tesuque-nm-312080.md)) | 312080 | Tesuque, NM | State-registered investment adviser | Under $25 million | 5 | % of assets |
| [G. Allen Financial Inc.](https://advisorcensus.com/firm/g-allen-financial-inc-santa-fe-nm-119180) ([md](https://advisorcensus.com/firm/g-allen-financial-inc-santa-fe-nm-119180.md)) | 119180 | Santa Fe, NM | State-registered investment adviser | $100 million to $500 million | 24 | % of assets |
| [Hanseatic Management Services Inc](https://advisorcensus.com/firm/hanseatic-management-services-inc-albuquerque-nm-107110) ([md](https://advisorcensus.com/firm/hanseatic-management-services-inc-albuquerque-nm-107110.md)) | 107110 | Albuquerque, NM | SEC-registered investment adviser | $100 million to $500 million | 31 | % of assets, Hourly, Fixed fee |
| [Hurst Capital Management](https://advisorcensus.com/firm/hurst-capital-management-albuquerque-nm-115185) ([md](https://advisorcensus.com/firm/hurst-capital-management-albuquerque-nm-115185.md)) | 115185 | Albuquerque, NM | State-registered investment adviser | $25 million to $100 million | 15 | % of assets |
| [Juniper Capital Management LLC](https://advisorcensus.com/firm/juniper-capital-management-llc-170150) ([md](https://advisorcensus.com/firm/juniper-capital-management-llc-170150.md)) | 170150 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 12 | % of assets |
| [Keith Kelvin Anderson](https://advisorcensus.com/firm/keith-kelvin-anderson-114956) ([md](https://advisorcensus.com/firm/keith-kelvin-anderson-114956.md)) | 114956 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 14 | % of assets, Hourly |
| [Kipling & Co.](https://advisorcensus.com/firm/kipling-and-co-albuquerque-nm-277115) ([md](https://advisorcensus.com/firm/kipling-and-co-albuquerque-nm-277115.md)) | 277115 | Albuquerque, NM | State-registered investment adviser | Under $25 million | 11 | % of assets, Hourly |
| [Madrid Wealth Management](https://advisorcensus.com/firm/madrid-wealth-management-albuquerque-nm-333331) ([md](https://advisorcensus.com/firm/madrid-wealth-management-albuquerque-nm-333331.md)) | 333331 | Albuquerque, NM | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Oakmont Financial Services, L.L.C.](https://advisorcensus.com/firm/oakmont-financial-services-l-l-c-santa-fe-nm-115291) ([md](https://advisorcensus.com/firm/oakmont-financial-services-l-l-c-santa-fe-nm-115291.md)) | 115291 | Santa Fe, NM | State-registered investment adviser | $25 million to $100 million | 24 | % of assets |
| [Petroglyph Wealth](https://advisorcensus.com/firm/petroglyph-wealth-327538) ([md](https://advisorcensus.com/firm/petroglyph-wealth-327538.md)) | 327538 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets |
| [Portfolio Wealth Advisors](https://advisorcensus.com/firm/portfolio-wealth-advisors-albuquerque-nm-145687) ([md](https://advisorcensus.com/firm/portfolio-wealth-advisors-albuquerque-nm-145687.md)) | 145687 | Albuquerque, NM | SEC-registered investment adviser | $100 million to $500 million | 18 | % of assets, Hourly |
| [Quest Investment Portfolio Management, Limited](https://advisorcensus.com/firm/quest-investment-portfolio-management-limited-roswell-nm-114540) ([md](https://advisorcensus.com/firm/quest-investment-portfolio-management-limited-roswell-nm-114540.md)) | 114540 | Roswell, NM | State-registered investment adviser | Under $25 million | 31 | % of assets |
| [Randall Financial LLC](https://advisorcensus.com/firm/randall-financial-llc-325328) ([md](https://advisorcensus.com/firm/randall-financial-llc-325328.md)) | 325328 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets, Hourly, Fixed fee |
| [Retirement Wealth Guidance LLC](https://advisorcensus.com/firm/retirement-wealth-guidance-llc-albuquerque-nm-313217) ([md](https://advisorcensus.com/firm/retirement-wealth-guidance-llc-albuquerque-nm-313217.md)) | 313217 | Albuquerque, NM | State-registered investment adviser | Under $25 million | 5 | % of assets, Hourly |
| [Sandia Wealth Management, LLC](https://advisorcensus.com/firm/sandia-wealth-management-llc-albuquerque-nm-159402) ([md](https://advisorcensus.com/firm/sandia-wealth-management-llc-albuquerque-nm-159402.md)) | 159402 | Albuquerque, NM | SEC-registered investment adviser | $100 million to $500 million | 4 | % of assets, Hourly |
| [Santa FE Advisors LLC](https://advisorcensus.com/firm/santa-fe-advisors-llc-santa-fe-nm-170872) ([md](https://advisorcensus.com/firm/santa-fe-advisors-llc-santa-fe-nm-170872.md)) | 170872 | Santa Fe, NM | SEC-registered investment adviser | $100 million to $500 million | 8 | % of assets, Fixed fee |
| [Seasons Wealth Services LLC](https://advisorcensus.com/firm/seasons-wealth-services-llc-albuquerque-nm-337454) ([md](https://advisorcensus.com/firm/seasons-wealth-services-llc-albuquerque-nm-337454.md)) | 337454 | Albuquerque, NM | State-registered investment adviser | Not reported | 0 | % of assets, Hourly, Subscription |
| [T.C. Schwab Financial Planning, LLC](https://advisorcensus.com/firm/t-c-schwab-financial-planning-llc-144382) ([md](https://advisorcensus.com/firm/t-c-schwab-financial-planning-llc-144382.md)) | 144382 | Not reported, Not reported | State-registered investment adviser | Not reported | 11 | Hourly |
| [Truepath Financial Planning](https://advisorcensus.com/firm/truepath-financial-planning-albuquerque-nm-144118) ([md](https://advisorcensus.com/firm/truepath-financial-planning-albuquerque-nm-144118.md)) | 144118 | Albuquerque, NM | State-registered investment adviser | $25 million to $100 million | 19 | % of assets, Hourly, Fixed fee |
| [Westwind Capital](https://advisorcensus.com/firm/westwind-capital-las-cruces-nm-106802) ([md](https://advisorcensus.com/firm/westwind-capital-las-cruces-nm-106802.md)) | 106802 | Las Cruces, NM | SEC-registered investment adviser | $500 million to $1 billion | 33 | % of assets |
| [Zanetti Financial, LLC](https://advisorcensus.com/firm/zanetti-financial-llc-albuquerque-nm-282089) ([md](https://advisorcensus.com/firm/zanetti-financial-llc-albuquerque-nm-282089.md)) | 282089 | Albuquerque, NM | SEC-registered investment adviser | $500 million to $1 billion | 4 | % of assets |

## Questions people ask

**How many financial advisory firms are there in New Mexico?**
AdvisorCensus lists 81 investment advisory firms with a principal office in New Mexico, from Form ADV filings as of October 2026: 25 SEC-registered, 44 state-registered, and 12 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV.

**How many fee-only financial advisors are in New Mexico?**
30 of the 81 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed.

**How many financial advisors in New Mexico offer financial planning?**
50 of the 69 firms in New Mexico that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports.

**Are the financial advisors in New Mexico fiduciaries?**
Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 30 firms that meet AdvisorCensus's fee-only test report none of those sales ties.

**How do I check whether a financial advisor has disciplinary disclosures?**
Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck.

**Does AdvisorCensus rate, verify, or recommend these firms?**
No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content.

**What does regulatory assets under management mean?**
Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality.

## Related pages

- [Financial advisors in New Mexico](https://advisorcensus.com/advisors/nm) (https://advisorcensus.com/advisors/nm.md)
- [Flat-fee financial advisors in New Mexico](https://advisorcensus.com/advisors/nm/flat-fee) (https://advisorcensus.com/advisors/nm/flat-fee.md)
- [Hourly financial advisors in New Mexico](https://advisorcensus.com/advisors/nm/hourly) (https://advisorcensus.com/advisors/nm/hourly.md)
- [Fee-only financial advisors in Albuquerque, NM](https://advisorcensus.com/advisors/nm/albuquerque/fee-only) (https://advisorcensus.com/advisors/nm/albuquerque/fee-only.md)
- [Fee-only financial advisors in Santa Fe, NM](https://advisorcensus.com/advisors/nm/santa-fe/fee-only) (https://advisorcensus.com/advisors/nm/santa-fe/fee-only.md)
- [Fee-only financial advisors in Las Cruces, NM](https://advisorcensus.com/advisors/nm/las-cruces/fee-only) (https://advisorcensus.com/advisors/nm/las-cruces/fee-only.md)

Cite as: AdvisorCensus. Fee-only financial advisors in New Mexico: 30 firms from Form ADV filings as of October 2026.