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Top Financial Advisors in Beachwood, OH

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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 Top Financial Advisor Firm in Beachwood, Ohio

The Beachwood area offers a range of options for financial advisory firms, but it’s important that you choose the firm that’s most suitable to your financial situation. We’ve formed a list to help you narrow down your search. Our list compares each firm’s assets under management (AUM), fee structure, advisory services and investment strategies. You can also use SmartAsset's free financial advisor matching tool to connect with up to three advisors in your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 CM Wealth Advisors LLC CM Wealth Advisors LLC logo Find an Advisor

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$3,036,985,995 Varies based on account type
  • Financial planning
  • Portfolio managment
  • Selection of other advisers (including private fund managers)
  • Consulting

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio managment
  • Selection of other advisers (including private fund managers)
  • Consulting
2 Adaptive Financial Consulting, LLC Adaptive Financial Consulting, LLC logo Find an Advisor

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$285,149,417 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops
3 Shaker Investments Shaker Investments logo Find an Advisor

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$196,171,051 Varies based on account type
  • Financial planning
  • Portfolio management
  • Model delivery for turnkey asset manager program

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Model delivery for turnkey asset manager program

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What We Use in Our Methodology

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

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.

CM Wealth Advisors LLC

With billions of dollars in assets under management, CM Wealth Advisors is Beachwood's top-rated financial advisor. As a fee-only firm, all of its compensation comes from client-paid fees and not third-party commissions. When it comes to advisory fees, clients pay asset-based and fixed charges, with rates depending on the services they utilize.

CM Wealth Advisors' minimum investment varies based on the type of account you open. For example, if you only need investment advisory services, there is a $5 million minimum. On the other hand, the firm's more comprehensive wealth management program called "WMAS" requires a $10 million minimum. Each of these requirements may be negotiable or waivable, though.

CM Wealth Advisors' client base mostly consists of high-net-worth individuals and pooled investment vehicles. However, the firm also works with non-high-net-worth individuals and charitable organizations. The firm’s professionals hold a range of certifications, including the certified financial planner (CFP), certified public accountant (CPA) and personal financial specialist (PFS) designations. 

CM Wealth Advisors Background

CM Wealth Advisors was originally established in 1983 as a single family office called Clanco. However, the firm became a multi-client family office in 2000 and eventually changed its name in 2010. Today, the firm is owned by CMWA, LLC, a holding company that in turn is owned by employees of CM Wealth Advisors.

The firm offers portfolio management, financial planning and advisor referral services, and it has four key programs through which it provides these services. The firm offers a wealth management advisory services program (WMAS), wealth management and investment advisory services program (WMIAS), investment management and supervisory services program and business consulting program. 

CM Wealth Advisors Investment Strategy

CM Wealth Advisors believes that different asset classes have different return expectations and varying risk profiles. The firm also describes on its firm brochure that it values portfolio diversification, and CM Wealth Advisors says it believes that smaller-capitalization stocks generate the highest return rates over the long-term. 

The firm says it utilizes a core growth equity model that allows it to grow wealth over complete market cycles. CM Wealth Advisors additionally uses asset allocation, manager selection and investment strategy diversification to manage portfolio risks.

Adaptive Financial Consulting LLC

Adaptive Financial Consulting, the next firm on our list, works with both individuals and high-net-worth individuals, as well as pension and profit-sharing plans. The firm is fee-based, which means some advisors can earn commissions from the sale of insurance products. Despite the potential conflict of interest this creates, the firm is bound by fiduciary duty to act in clients' best interests.

The staff at Adaptive Financial includes two certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered retirement plan specialist (CRPS), one chartered financial consultant (ChFC), one chartered life underwriter (CLU) and one certified long-term care (CLTC). The firm doesn’t have a set account minimum. It receives asset-based and fixed fees for its advisory services.

Adaptive Financial Consulting Background

Adaptive Financial Consulting began its operations in 2013 under the ownership of founder and current CEO Jeremy Bigelow Thompson. Thompson boasts a 20-year career in the financial services industry. The firm's leadership team is rounded out by chief investment officer (CIO) Jonathan Grundman, director of financial planning Rachelle Kovacs and director of retirement plan services Tobias Yearms.

The firm’s investment management services feature asset selection, asset allocation, investment strategy, risk tolerance identification and regular portfolio monitoring. Clients also have access to the following areas of financial planning:

  • Tax planning
  • Wealth transfer planning
  • Estate planning
  • Charitable planning
  • Insurance analysis
  • Debt management
  • Budgeting and cash flow planning

Adaptive Financial Consulting Investment Strategy

Adaptive Financial says on its website that it employs its model portfolios to help clients protect their long-term asset allocations from market panics. The firm utilizes an alternative income portfolio and five key core portfolios.

Adaptive Financial advisors offer investment advice on fixed-income securities, mutual funds, hedge funds, annuities, equities, private equity funds, exchange-traded funds (ETFs), bonds, non-U.S. securities and private placements.

Shaker Investments

Shaker Investments, a fee-based practice located in northern Beachwood, is a largely individual-centric firm. In fact, the firm deals with both high-net-worth and non-high-net-worth individuals, as well as a handful of retirement plans and pooled investment vehicles. The firm's investment minimums vary from $100,000 for its asset allocation strategies to $250,000 for investments in its hedge fund called the Tower Fund. 

If you qualify for and invest in the Tower Fund, the firm will receive related compensation. Despite the potential conflict of interest that this creates, the firm is bound by fiduciary duty to act in clients' best interests at all times.

The firm's advisory staff includes one chartered financial analyst (CFA).

Shaker Investments Background

Shaker Investments has been in business since 1991 when it was founded by Edward Hemmelgarn. Hemmelgarn still works at the firm, serving as its president and chief investment officer (CIO). Hemmelgarn is also the firm's sole principal owner.

The firm's main service is individual portfolio management, which it tends to administer through model portfolio strategies. Shaker may also offer financial planning services on an as-needed basis. 

Shaker Investments Investment Strategy

According to its Form ADV, "Shaker Investments is a research-driven firm." As a result, the firm conducts its own fundamental analysis that seeks out various market sectors and associated companies that appear to be strong investment opportunities. The firm employs several investment approaches, including a small cap growth strategy, a fundamental growth strategy and an alternative strategy. 

There are 11 specific factors that Shaker rates companies on to determine whether they're a worthy investment. These include: growth, sustainable competitive advantage, strong management, dominant market leadership, single mission, diverse customer base and products, quality leadership, new products development, positive earnings/cash flow, conservative financials and significant insider ownership. Using this criteria, the firm attempts to identify between 150 and 200 highly-rated companies.

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.

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