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Top 10 Financial Advisors in Alabama

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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, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Financial Advisor in Alabama

If you're searching for a financial advisor in Alabama, you're in luck. SmartAsset has compiled a list of the top 10 firms in the state based on a variety of criteria, including assets under management and the number of clients per advisor. But if you'd perfer us to find you an advisor to potentially work with, use SmartAsset's free matching tool to be paired with up to three advisors who serve your area. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Arlington Partners LLC Arlington Partners LLC logo Find an Advisor

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$6,427,792,177 Varies by client type
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services

Minimum Assets

Varies by client type

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
2 WA Asset Management, LLC WA Asset Management, LLC logo Find an Advisor

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$4,465,757,285 $1,000,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
3 Stonegate Capital Advisors, LLC Stonegate Capital Advisors, LLC logo Find an Advisor

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$302,000,000 $250,000
  • Financial planning
  • Portfolio management

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management

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4 Keel Point, LLC Keel Point, LLC logo Find an Advisor

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$2,914,562,596 Varies by account type
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Consulting service to third-party registered investment advisors

Minimum Assets

Varies by account type

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Consulting service to third-party registered investment advisors
5 Leavell Investment Management, Inc. Leavell Investment Management, Inc. logo Find an Advisor

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$2,323,901,829 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Education to participants of consulting and advised retirement plans

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Education to participants of consulting and advised retirement plans
6 Bridgeworth Wealth Management Bridgeworth Wealth Management logo Find an Advisor

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$2,238,010,310 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
  • Financial consulting

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
  • Financial consulting
7 The Welch Group, LLC The Welch Group, LLC logo Find an Advisor

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$2,449,942,225 $3,000,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Advice on matters not involving securities

Minimum Assets

$3,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Advice on matters not involving securities
8 Southern Financial Group, LLC Southern Financial Group, LLC logo Find an Advisor

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$837,333,601 $50,000
  • Financial planning
  • Portfolio management
  • Consulting
  • Tax preparation
  • Estate settlement

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Consulting
  • Tax preparation
  • Estate settlement
9 Park Place Capital Corporation Park Place Capital Corporation logo Find an Advisor

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$587,283,860 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • 401(k) consulting and education

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • 401(k) consulting and education
10 Meld Financial, Inc. Meld Financial, Inc. logo Find an Advisor

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$585,944,667 $50,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops
  • Social Security and Medicare consulting

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops
  • Social Security and Medicare consulting

How We Found the Top Financial Advisor Firms in Alabama

To find the top financial advisors in Alabama, we first identified all firms registered with the SEC in the state. 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:

Arlington Partners LLC

Arlington Partners, a fee-only firm in Birmingham, is the top financial advisor in the state. With more assets under managment than any other firm on the list, Arlington Partners also has the lowest client-to-advisor ratio.

Arlington is ultra-exclusive, requiring multi-family office clients have at least a $10 million average net worth per household and a $50 million minimum group/family net worth. Clients receiving single family office services typically must have a least $250 million in family net worth.

As a result, almost all clients are high-net-worth individuals and families. And as a fee-only practice, Arlington's advisors do not sell insurance or securities for commissions. 

The Arlington team features three certified financial planners (CFPs), 13 certified public accounts (CPAs) and two chartered financial analysts (CFAs). 

Arlington Partners Background

Alabama's top-rated financial advisor was founded in 1998. Kenneth Polk is the firm’s CEO and primary owner. Peter Barber, Elliot Robbins, Stephen Rowe and Emily Vanlandingham -- all members of the leadership team -- also have ownership stakes in the firm. In addition to its headquarteres in Birmingham, Arlington Partners has an office in Nashville, Tennessee.

The firm offers the following services:

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Family office and consulting services

Arlington Partners Investment Strategy

The firm typcially recommends investment strategies that rely on cash, fixed income, global equities, hedged strategies, private equity, real estate and commodoties. In addition to creating customized portfolios for clients, Arlington Partners manages its own funds, which are available to certain clients. These funds focus on specific investment objectives, including global equities, hedged strategies, and real estate/private equity. 

WA Asset Management, LLC

Located in Birmingham, WA Asset Management is a fee-only firm, which means that advisors do not earn commissions. The company generally requires a minimum asset level of $1 million and charges clients asset-based fees for investment management, as well as hourly or flat fees for standalone financial planning and consulting. 

The majority of the firm’s assets under management come from high-net-worth individuals, although its advisors also work with individuals, pensions and profit-sharing plans, trusts, estates and charitable organizations, as well as business entities. The firm’s staff of advisors includes 11 certified financial planners (CFPs), seven certified public accountants (CPAs), three chartered financial analysts (CFAs) and other accredited professionals.

WA Asset Management Background

Founded in 1999, the firm was previously known as Warren Averett Asset Management but has since undergone a change in ownership and name. In 2017, Warren Averett Asset Management merged with Kinsight, a top Birmingham financial advisory firm. Today, it's principally owned by WAAM Parent, LLC, an affiliate of Wealth Partners Capital Group, LLC, and ultimately, through intermediate subsidiaries. The firm is still led by Joshua Reidinger, president and chief executive officer. Reidinger has been with the firm for over 20 years. 

While its headquarters are in Birmingham, the firm also has offices in Florida. The company offers the following services:

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors, including private fund managers

WA Asset Management Investment Strategy

The firm employs both long- and short-term investment strategies, allocating assets among mutual funds, exchange-traded funds (ETFs) and independent managers. Advisors use both fundamental and technical analysis to make financial forecasts and predict the direction of prices.

WA Asset Management builds portfolios according to the following asset allocation models:

  • Aggressive: 69% domestic equity; 30% international equity; 1% cash
  • Growth: 57% domestic equity; 23% international equity; 19% fixed income; 1% cash
  • Moderate: 42% domestic equity; 18% international equity; 38% fixed income; 2% cash
  • Moderately conservative: 28% domestic equity; 12% international equity; 57% fixed income; 3% cash
  • Conservative: 15% domestic equity; 5% international equity; 76% fixed income; 4% cash

Stonegate Capital Advisors, LLC

Despite a relatively short track record, Stonegate Investment Group is the No. 3 firm in all of Alabama. This fee-only practice works serves a large number of individual clients, both above and below the high-net-worth threshold. Pensions, profit sharing plans and businesses are also clients of the firm. There is no set account minimum. 

As a fee-only firm, Stonegate advisors do not collect commissions for recommending third-party financial products or insurance. Stongate has one certified financial planner (CFP) and one chartered financial analyst (CFA) on staff. 

Stonegate Investment Group Background

Founded in 2021, Stonegate is the youngest first on this list. The practice is registered with the Securities and Exchange Commission and wholly owned by Stonegate Investment Group Holdings, LLC. The following employees have either direct or indirect ownership stakes in the holding company: Tony R. Smith, Christopher J. Compton, Matthew C. Brown, Mark F. Sommer, James W. Allen, Jerry G. Duncan and William E. Richardson. Smith serves as chief executive officer and chief investment officer of the firm.

Stonegate offers both discretionary and non-discretionary investment management to individuals and retirement plans. The firm also provides financial planning and consulting services. 

Stonegate Investment Group Investment Strategy

Stonegate's investment strategies are rooted in the individual needs of clients. The sets out to get to know its clients and understand their financial situations, risk profiles, investment objective, tax situations and liquidity contraints. From there, advisors will invest a client's money across a combination of equity securities, bonds, mutual funds, exchange-traded funds (ETFs), as well as limited partnerships and pooled investment vehicles focusing on alternative asset classes. Stonegate also uses call options, protective put option and long put options in client portfolios.

Keel Point, LLC

Keel Point, the top-rated financial advisory firm Huntsville, is also the fourth-highest-rated practice in the state of Alabama. While the hirm has offices throughout the southeast, its team in Huntsville includes four certified financial planners (CFPs), as well as one chartered retirement planning counselor (CRPC) and one accredited investment fiduciary analyst (AIFA).

Keel Point works with individuals, high-net-worth individuals, pensions and profit-sharing plans, estates, trusts and charitable organizations, as well as business entities. The firm requires a $50,000 account minimum for its Core Portfolio Strategies Program and a $150,000 minimum for its Standalone Tactical Program. 

Keel Point is a fee-based firm, so in addition to asset-based management fees, some advisors may also collect commissions on certain financial products and insurance. However, the firm is a fiduciary and must act solely in its clients’ interests.

Keel Point Background

Founded in 1998, Keel Point merged with BlueCreek Investment Partners, LLC in 2015 under one firm. Today, the company has offices in Washington D.C.; Birmingham; Chattanooga, Tennessee; Greenville, North Carolina; Leawood, Kansas; and Nashville, Tennessee. The firm is owned by Keel Point Partners, LLC, which is controlled by client-investors and members of the company’s management team. 

Keel Point Partners also owns Keel Point Insurance Advisors, LLC. Additionally, the firm has a subsidiary, Keel Point Capital, LLC, through which it provides brokerage services to its clients. 

Keel Point offers clients:

  • Financial planning
  • Portfolio management
  • Selection of other advisors, including private fund managers
  • Consulting services to third-party registered investment advisors

Keel Point, LLC Investment Strategy

Keel Point advisors use both a fundamental and quantitative process to create diversified, long-term portfolios. In addition to the Core Portfolio Strategies Program and Standalone Tactical Program, the firm offers several other investment programs that use statistical modeling to ensure portfolios remain within a client’s defined risk parameters. The firm’s investment programs generally include equity, fixed income and alternative assets.

Leavell Investment Management, Inc.

Leavell Investment Management is a fee-only advisory firm and the top-rated practice in Mobile. The firm has a large staff that comprises certified financial planners (CFPs), certified public accountants (CPAs), chartered financial analysts (CFAs), and at least one chartered life underwriter (CLU) and one certified investment management analyst (CIMA).

As a fee-only firm, Leavell Investment Management is compensated through asset-based management fees, which vary by portfolio. While there is no set account minimum, the firm does impose a minimum annual fee of $5,000 regardless of account size.

The firm works with individuals, high-net-worth individuals, investment companies, as well as pensions and profit-sharing plans. Clients also include retirement plans, business entities, trusts, estates and charitable organizations. 

Leavell Investment Management Background

Thomas Leavell founded the firm in 1979, six years into his investment management career. Leavell remained a principal owner until 2014. Currently, many of the firm’s employees are shareholders, although no one person owns 25% or more of the business. 

Client services include:

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors, including private fund managers

Leavell Investment Management Investment Strategy

Depending on a client's investment goals, advisors allocate assets across various classes including individual stocks and bonds, mutual funds, exchange-traded funds (ETFs), as well as master limited partnerships, options, real estate investment trusts, and other securities.

"Investment goals are achieved over time through board diversification, control of risk and realization of the benefits of compounding," the firm's Form ADV brochure states. 

The firm prefers fundamental analysis and derives its information from Morningstar reports, fund prospectuses, S&P reports, financial news and other materials. The firm's equity management strategy seeks long-term capital growth while mitigating risk through diversification. Leavell's fixed income management strategy is designed to protect principal with short- and intermediate-term bonds. 

Bridgeworth Wealth Management

Bridgeworth Wealth Management is a fee-based financial advisor headquartered in Birmingham. In general, the firm requires a $500,000 minimum account balance and charges an asset-based fee for portfolio management, as well as flat or hourly fees for standalone financial planning and consulting services. The firm targets clients with a minimum portfolio size of $5,000,000 for its Private Client Group program. Certain robo-advisor programs have an account balance minimum of $5,000 or $50,000.

The firm primarily works with individuals, although its client base also includes high-net-work individuals, pensions and profit-sharing plans, trusts, estates and charitable organizations, as well as business entities. The firm's advisory team includes 23 certified financial planners (CFPs), five chartered retirement planning counselors (CRPCs), three chartered financial consultants (ChFCs) and other accredited professionals.

Bridgeworth Wealth Management advisors are also licensed independent insurance agents who can earn commissions for selling insurance products or securities, making the firm a fee-based advisor. However, Bridgeworth Wealth Management is required to act in clients’ best interests as a fiduciary. 

Bridgeworth Wealth Management Background

Bridgeworth Wealth Management, formerly known as Bridgeworth LLC, has been providing investment advisory services since 2012. Founded by DeLynn Zell, the firm is owned by 10 employees and has a second location in Huntsville. Zell, who also serves as the firm’s CEO, has spent more than 25 years specializing in retirement planning, asset management and income distribution. 

Bridgeworth Wealth Management offers clients:

  • Comprehensive wealth management
  • Standalone financial planning and consulting
  • Standalone investment management
  • Robo-advisor programs
  • Selection of other advisors, including private fund managers
  • Retirement plan and pension consulting

Bridgeworth Wealth Management Investment Strategy

The firm uses both quantitative and fundamental analysis in developing its investment strategies. Assets are allocated according to models constructed by the firm, which typically consist of no-load mutual funds and exchange-traded funds. Advisors may also add individual stocks, bonds, certificates of deposit and alternative investments to a client’s portfolio. Advisors avoid market timing, but may increase a client’s cash holdings when necessary.

The Welch Group, LLC

The Welch Group is another fee-only advisor based in Birmingham. Clients include individuals, pensions and profit-sharing plans, as well trusts, estates and charitable organizations. However, the majority of the firm’s assets under management belong to high-net-worth individuals. 

The Welch Group typically requires a $3 million account minimum. In addition to asset-based fees for portfolio management, the firm may charge clients flat fees for financial planning and consulting services that are offered on a standalone basis.

The advisory team at The Welch Group features certified financial planners (CFPs), certified public accountants (CPAs), accredited estate planners (AEPs) and chartered financial analysts (CFAs). 

The Welch Group Background

The Welch Group was founded in 1999 by Stewart H. Welch III, who remains the firm’s owner. In January 2018, Welch merged the firm with an affiliated entity that he also owned, Welch Investments, LLC. Today, the firm offers its clients financial planning services, portfolio management, selection of other advisors and advice on concerns not related to securities. 

The Welch Group Investment Strategy

The firm analyzes securities using charting, fundamental analysis, technical analysis, and cyclical methods. The Welch Group may employ strategies that utilize long-term purchases (holding securities for at least a year), short-term purchases (holding securities for less than one year) and trading (selling securities within 30 days). Advisors currently allocate client assets among stocks, bonds and various no-load mutual funds on a discretionary basis.

Southern Financial Group, LLC

Located in Birmingham, Southern Financial Group is a fee-based firm that primarily works with individuals and high-net-worth individuals. Clients also include pensions and profit-sharing plans, trusts, estates and charitable organizations, in addition to corporations and businesses. Two of the firm's advisors hold the certified financial planner (CFP), certified public accountant (CPA) and personal financial specialist (PFS) designations. The firm also has another CPA on staff. 

While the firm is a fiduciary, some advisors are representatives of a dealer/broker and can earn commissions on certain transactions. As a result, Southern Financial Group is considered a fee-based firm. The company also charges asset-based fees, as most financial advisors do. 

The firm has a $50,000 account minimum.

Southern Financial Group Background

Southern Financial Group was formed in 2006 and currently owned by Christopher Holder and David Painter. Holder and Painter have over 50 years of experience in the financial services industry between them. Today, the firm offers clients financial planning, portfolio management, consulting, tax preparation, IRA rollover recommendations and estate planning services. 

Southern Financial Group Investment Strategy

Southern Financial Group’s investment strategy focuses on identifying an appropriate ratio of securities, fixed income and cash that most closely corresponds with a client’s financial goals. In managing client portfolios, advisors will use long-term purchases, short-term purchases, trading, and on occasion, margins transactions. The firm invests client assets in a combination of exchange-listed securities, securities traded over the counter, foreign issuers, warrants, corporate debt securities, commercial paper, municipal securities, variable life insurance, variable annuities, mutual funds and U.S. goverment securities. 

Park Place Capital Corporation

Park Place Capital Corporation is a fee-only practice in Birmingham with a relatively small client. Park Place Capital mainly works with individuals without a high net worth, although it also serves high-net-worth individuals, investment companies, retirement plans, charities, government entities and businesses. Park Place Capital does not require a minimum account size to become a client. 

As a fee-only firm, Park Place Capital advisors do not sell financial products or insurance. As a result, the firm's revenue comes from the asset-based fees that clients pay for advisory services, and in some cases, flat fees or hourly charges. 

Park Place Capital has one chartered financial analyst (CFA) on staff, as well as one investment advisor compliance professional (IACCP) and one certified trust and financial advisor (CTFA). 

Park Place Capital Corporation Background

Place Place Capital is one of the oldest firms on our list, having first opened its doors in 1988. While its headquarters are located in Birmingham, the practice maintains offices in Nashville and Tulepo, Mississippi. The business is wholly owned by Rensant Bank, a publicly traded company. 

Park Place Capital offers both discretionary and non-discretionary asset management, retail financial planning, investment advisory services for mutual funds, a wrap fee program, consulting and referrals to third-party investment advisors. 

Park Place Capital Corporation Investment Strategy

Park Place Capital bills its decision-making process as a collaborative effort that emphasizes bottom-up stock selection. Advisors at Park Place Capital team are responsible for stock selection using quantitative analysis, portfolio construction and risk management relative to a benchmark. 

Meld Financial, Inc.

Meld Financial rounds out our list of the top 10 financial advisory firms in Alabama. As a fee-only practice, Meld does not collect commissions on trades or the sale of certain products. Wealth management fees are assessed as a percentage of a client’s assets under management. However, the firm may also charge hourly or flat fees for services. 

Based in Birmingham, Meld requires a minimum account balance of $50,000. Its advisory team includes six advisors who hold the certified financial planner (CFP) designation, as well as one who is a chartered financial analyst (CFA). 

The majority of the assets that the firm manages belong to individuals and high-net-worth individuals. The firm also works with pension plans and profit-sharing plans, government entities and corporations. 

Meld Financial Background

MFI was formed by its chairman Mark McGarvey in 1984. He owns the biggest stake in the company, at least 25%. 

The firm provides comprehensive services in estate planning, college funding, portfolio management, pension consulting, insurance products and advisor selection.

Meld Financial Investment Strategy

MFI generally uses charting and technical analysis, as well as fundamental and cyclical analysis to make long-term and short-term purchases for clients. The firm also manages trades, short sales, margin trades and option writing for investments. 

The firm typically provides investment advice on exchange-listed securities, mutual funds, over-the-counter equities, equities of foreign issuers, exchange-traded funds (ETFs), U.S. government securities, options, commercial paper, warrants, corporate debt securities and alternative investments, including hedge funds and real estate. 

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