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Top Financial Advisors in Berwyn, PA

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Finding the Top Financial Advisors in Berwyn, PA

If you’re having trouble finding a financial advisor in Berwyn, Pennsylvania, we can help. We conducted extensive research to bring you the top nine financial advisor firms in Berwyn. Read on to learn more about key details such as account minimums, services offered and the credentials of the advisors on our list. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Kistler-Tiffany Advisors, LLC. Kistler-Tiffany Advisors, LLC. logo Find an Advisor

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$714,456,775 No set minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors 

Minimum Assets

No set minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors 
2 Stanley Laman Group, Ltd. Stanley Laman Group, Ltd. logo Find an Advisor

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$531,000,000 No set account minimum
  • Financial planning
  • Portfolio management 

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management 
3 The Fairman Group, LLC. The Fairman Group, LLC. logo Find an Advisor

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$471,447,925 $1,500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$1,500,000

Financial Services

  • Financial planning
  • Portfolio management
4 Ellis Investment Partners, LLC. Ellis Investment Partners, LLC. logo Find an Advisor

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$470,930,464 $250,000
  • Financial planning
  • Portfolio management
  • Consulting services 

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Consulting services 
5 Sterling Investment Advisors, LTD. Sterling Investment Advisors, LTD. logo Find an Advisor

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$348,097,854 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
6 Wealth Advisory Group, Inc. Wealth Advisory Group, Inc. logo Find an Advisor

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$263,138,794 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
7 Forefront Wealth Management, Inc. Forefront Wealth Management, Inc. logo Find an Advisor

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$118,746,454 $1,000,000
  • Financial planning
  • Portfolio management

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
8 Carnegie Wealth Management, LLC Carnegie Wealth Management, LLC logo Find an Advisor

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$100,308,336 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
9 Trinity Wealth Management, LLC. Trinity Wealth Management, LLC. logo Find an Advisor

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$100,150,223 $250,000
  • Financial planning
  • Portfolio management

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management

How We Found the Top Financial Advisors in Berwyn, PA 

We started by gathering data on all financial advisor firms in Berwyn that are registered fiduciaries with the Securities and Exchange Commission (SEC). Then we removed firms that underwent disciplinary actions in the last 10 years. We also eliminated advisory groups that did not provide financial planning or whose client base was less than 50% individual accounts. The top firms are listed here, sorted by assets under management (AUM), from highest to lowest.

Kistler-Tiffany Advisors, LLC.

Kistler-Tiffany Advisors, LLC.

At the top of our list, Kistler-Tiffany Advisors is a fee-based financial advisory firm with more than $700 million in assets under management. The firm doesn’t set a minimum investment for portfolio management services. But according to its most recent filings with the SEC, most of its clients are high-net-worth individuals. 

The firm focuses on working with family-owned and privately-owned businesses as well as affluent families. If you work with Kistler-Tiffany Advisors, you’ll have access to four chartered financial consultants (ChFCs), two chartered financial analyst (CFAs), one certified financial planner (CFP), one accredited investment fiduciary (AIF), one chartered life underwriter (CLU) and one accredited estate planner (AEP). (Advisors may have multiple professional accreditations.)

Kistler-Tiffany Advisors Background 

Kistler-Tiffany Advisors was formed in 1995 and registered with the SEC as an investment advisor in 2007. It’s currently owned by James Arnold, Andrew Reder, David Kovach and Jeffrey Morrison. All are current managing members.

This business-focused firm provides various wealth planning services to affluent families. These may include retirement and estate planning, as well as business succession advice. The firm also manages portfolios on behalf of clients. However, financial planning and consulting are offered on a different fee basis than portfolio management. 

Kistler-Tiffany Advisors Investment Strategy

The firm aims to create client portfolios around an asset allocation strategy that takes into consideration factors such as the client’s risk profile, time horizon and investment goals. It may implement the following strategies in order to achieve these goals:

  • Long-term purchases (securities held at least a year)
  • Short-term purchases (securities sold within a year)
  • Trading (securities sold within 30 days)

However, it may deviate from these strategies if deemed necessary to meet client objectives.

Stanley Laman Group, Ltd.

Stanley Laman Group, Ltd.

With more than $500 million in assets under management, Stanley Laman Group (SLG) is No. 2 on our list. And while the fee-only firm doesn’t require a minimum investment, our data shows that its individual clients are all high net worth. 

The team features two chartered financial analyst (CFAs), two chartered financial consultants (ChFCs), two chartered life underwriters (CLUs) and one certified financial planner (CFP). 

Stanley Laman Group Background 

Established in 1991, SLG has been providing an array of financial services to high-net-worth individuals, businesses, pension and profit-sharing plans. It offers portfolio management as well as stand-alone financial planning services. The latter can include advice around asset protection, business continuity, estate planning, charitable funding and generational wealth conservation. 

Today, the firm is owned by William Stanley, James Laman and David Eaton.

Stanley Laman Group Investment Strategy 

The firm can create a customized investment portfolio upon request, but it generally manages 10 different portfolios based on different risk profiles. Depending on your circumstances, SLG may invest your assets among large-cap equities, high-dividend stocks, emerging-market equities and tax-free bonds. 

The firm conducts its own research to evaluate these and other securities. Part of its philosophy involves finding companies with potential for growth before the crowd and selling securities when they are overvalued.

The Fairman Group, LLC.

The Fairman Group, LLC.

According to data from the SEC, The Fairman Group works mostly with individuals who are not high net worth. However, you’d now need a minimum investment of $1,500,000 to open an account. 

The Fairman Group provides access to a range of professionals with years of experience in the financial services industry. These include seven certified financial planners (CFPs), four certified public accountants (CPAs), two chartered financial analysts (CFAs) and two personal financial specialist (PFS). (Advisors may have multiple professional accreditations.)

The Fairman Group Background 

The Fairman Group was founded in 2002 by members from the Private Client Services Group of Arthur Andersen’s Philadelphia office. Today, it’s wholly owned by Fairman Group Family Office LLP. The firm works in a fee-only capacity. So it earns compensation based on the advisory services it provides directly to its clients. It does not earn commissions from other sources for recommending or selling products such as mutual funds, annuities, insurance and individual securities.  

The Fairman Group Investment Strategy

The Fairman Group offers investment advice as a fiduciary. So it’s legally required to work in your best interests. Its evaluation of securities is driven mainly by industry research and Modern Portfolio Theory. This school of thought believes that building portfolios around asset allocations that reflect a client’s risk tolerance is essential when aiming for long-term returns. 

The firm turns to various resources to achieve these goals including asset allocation plans built with software from Morningstar. It also examines long-term capital market assumptions compiled by J.P. Morgan Asset Management. 

The Fairman Group considers a wide range of options to create diversified portfolios, including mutual funds, exchange-traded funds (ETFs) and separate account money managers.

Ellis Investment Partners, LLC.

Ellis Investment Partners, LLC.

Ellis Investment Partners (EIP) is a fee-based financial advisory firm that focuses on family wealth management. It currently holds more than $400 million in assets under management overseen by a team that features 17 investment advisors. 

The firm works with about twice as many high-net-worth individuals as it does with people outside this group. To open an account with the firm, you generally need a minimum asset level of $1.5 million.

Collectively, the team has three certified financial planners (CFPs), three chartered life underwriters (CLUs), two chartered financial analysts (CFAs), one chartered financial consultant (CHFC), one certified estate planner (CEP) and one retirement income certified professional (RICP). (Advisors may have multiple professional accreditations.)

Ellis Investment Partners Background 

EIP was formed in 2011 by its current owner and president David Y. Sun. The firm works with individuals, charities, state entities and pension and profit-sharing plans. It offers financial planning, investment management and third-party investment advisor services, as well as trust and retirement planning advice. 

The firm’s financial planning advice can cover such areas as cash flow management, retirement planning, tax planning, insurance analysis, education funding and estate planning.

Ellis Investment Partners Investment Strategy 

EIP provides investment management services for a wide range of clients including individuals, corporations, retirement plans and trusts. The firm attempts to build portfolios that can meet the client’s investment goals based on various factors such as assets and time horizon. 

It mainly uses no-load mutual funds, stocks, bonds, exchange-traded funds (ETFs) and other securities that may be appropriate for the client. 

To meet client goals, the firm uses different portfolio models. EIP says it “utilizes a dynamic asset allocation approach and maintains several models that are used as guidelines to achieve the client's objectives. While each client account is separately maintained at a third-party custodian and each client retains his or her right of ownership over the account, client accounts with similar risk profiles and objectives may utilize similar investments based on these models.” 

If deemed necessary, the firm may utilize a third-party investment management team to aid in meeting the client’s objectives.

Sterling Investment Advisors, LTD.

Sterling Investment Advisors, LTD.

Sterling Investment Advisors, Ltd. (SIA) has more than $300 million in assets under management. It works exclusively with individuals, according to documents filed with the SEC. But the firm can also extend services to businesses and corporate retirement plans. 

The firm doesn't require a minimum investment to open an account. Its team features two accredited investment fiduciaries (AIFs), one certified financial planner (CFP), one chartered financial consultant (ChFC) and one certified portfolio manager (CPM). (Advisors may have multiple professional accreditations.)

Sterling Investment Advisors Background 

SIA first opened its doors in 2000 and registered with the SEC as an investment advisor in 2007. Today, it’s owned by President Timothy Flatley and Sean Flatley. Since its inception, the company has won several accolades, including the Five Star Professional Wealth Manager designation from 2012 to 2015. Worth Magazine has recognized the firm as a Leading Wealth Advisor. 

The firm provides stand-alone wealth management services as well as portfolio management advice. 

Sterling Investment Advisors Investment Strategy

As an independent firm, SIA isn’t limited to particular investments and may recommend an array of mutual funds, individual securities and options. It utilizes several analytical strategies when evaluating these securities including fundamental analysis and charting. The latter involves examining current financial data to project market trends and pricing.

Based on your financial situation and investment goals, the firm may deploy the following strategies: 

  • Long-term purchases (securities held at least a year)
  • Short-term purchases (securities sold within a year)
  • Options (contract for the purchase or sale of a security at a predetermined price during a specific period of time)

Wealth Advisory Group, Inc.

Wealth Advisory Group, Inc.

With slightly more than $263 million in assets under management, the Wealth Advisory Group (WAG) serves a diverse group of individuals and profit-sharing plans. It provides various services, including retirement income planning and asset risk management. In addition, WAG offers robo-advisor services. 

WAG works with individuals, high-net-worth individuals and businesses. The firm doesn’t impose a minimum investment for portfolio management services. But it may close an account if it deems it too small to effectively manage.

WAG collects fees for the services it provides to you. However, your investment account may incur fees that the firm doesn’t collect. These may include commissions paid to third-party companies or advisors and brokerage fees. 

Wealth Advisory Group Background

WAG formed in 1993. Today, it functions as an independent firm wholly owned by current CEO Richard E. Craft and President Michael C. Bass. The WAG group has three accredited investment fiduciaries (AIFs), one chartered financial analyst (CFA), one chartered life underwriter (CLU), one retirement income certified professional (RICP) and one chartered retirement plans specialist (CRPS). (Advisors may have multiple professional accreditations.)

The team specializes in the following topics, but may devise a plan based on your individual needs: 

  • Investment management
  • Financial planning
  • Education funding through 529 plans and more
  • Risk management

Wealth Advisory Group Investment Strategy 

WAG provides a variety of tools to help clients make the right investment decisions. For instance, the firm provides retirement calculators and other tools. When it comes to investing, the firm generally relies on Modern Portfolio Theory and research to create diversified portfolios with a variety of securities appropriate for different client profiles. 

The firm also offers robo-advice through its Institutional Intelligent Portfolios composed of exchange-traded funds (ETFs) and municipal bonds. These portfolios feature auto-rebalancing and tax-loss harvesting. Clients may open a traditional IRA or Roth IRA through this program as well.

Forefront Wealth Management, Inc.

Forefront Wealth Management, Inc.

Forefront Wealth Management (FWM) is a fee-based firm that provides an array of financial planning services from budgeting and tax management to retirement planning. President and CEO Carl A Schultz is a certified retirement counselor (CRC) and a certified financial manager (CFM).

To open a portfolio account with FWM, you generally need a minimum account size of $1 million. The firm works with individuals, high-net-worth individuals, trusts, businesses and institutions.

Forefront Wealth Management Background 

Though FWM has been providing investment advisory services since 2018, it has already amassed more than $100 million in assets under management. Carl Schultz wholly owns the firm.

Its staff is experienced in the following aspects of finance: 

  • 401(k) allocation advice
  • Tax management and consulting
  • Budgeting and cash flow guidance
  • Wealth and investment management

Forefront Wealth Management Investment Strategy

Like many firms, FWM works to create a portfolio around an asset allocation that fits the client’s financial profile in order to meet certain goals. The practice engages in both active and passive investing. Active investing generally involves trying to outperform market indices and benchmarks through careful selection of securities. 

According to its SEC filings, FWM “predominantly allocates client assets to a combination of active and passive (tax efficient and cost-effective) strategies, utilizing combinations of publicly traded securities such as stocks, bonds, ETFs, mutual funds, and/or separately managed portfolios.” Of course, the firm focuses on individual client needs and may adjust asset allocation to include other types of securities, actively managed portfolios or alternative investments.

Carnegie Wealth Management, LLC

Carnegie Wealth Management, LLC

Carnegie Wealth Management is a fee-based firm that works mostly with individual clients. With less than 100 clients, however, the firm currently manages more than $100 million in assets. Its team collectively holds several prominent registrations and licenses in the investing industry. These include FINRA licenses Series 7, 9, 10, 63 and 65. The team also features one certified financial planner (CFP).

Carnegie Wealth generally does not impose a minimum asset size to open an account.

Carnegie Wealth Management Background

The firm was founded in 2017, making it among the youngest on our list. It’s currently owned by So Farr Holdings, LLC and operated by COO Scott T. Sheffer. The firm provides stand-alone financial planning and portfolio management services. 

Carnegie Wealth Management Investment Strategy

Carnegie Wealth Management provides investment advice through a five-step process that involves the following:

  • Conversation with clients
  • Wealth and financial planning
  • Investment portfolio construction
  • Portfolio monitoring and rebalancing
  • Investment performance and reporting

Depending on factors like your risk tolerance and time horizon, your portfolio may contain stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs) and alternative investments.

Trinity Wealth Management, LLC.

Trinity Wealth Management, LLC.

Trinity Wealth Management (TWM) is a fee-based firm with more than $100 million in assets under management. The team includes one certified financial planner (CFP), one accredited investment advisor (AIC) and one chartered retirement plan consultant (CRPC). 

According to records it recently filed with the SEC, the firm works entirely with about 100 individuals. Most have a high net worth. 

Trinity Wealth Management Background

TWM has been in business since 2004. Its team devises personalized financial management plans, but it specializes in the following services:

  • Comprehensive portfolio management
  • Financial planning and consulting
  • Pension consulting

Trinity Wealth Management Investment Strategy

TWM generally invests client assets among exchange-traded funds (ETFs), but it may consider securities such as stocks, bonds, mutual funds and exchange-traded notes. The firm develops models based on risk profiles, from conservative to aggressive. 

Smart beta drives the core of the firm’s investment strategy. This method combines active and passive management in an attempt to capture strong returns while minimizing risk. The smart beta strategy that TWM specializes in is known as fear factor investing. The firm says the process involves “selecting securities based on attributes which have historically and persistently been drivers of returns.” These attributes are: 

  • Momentum – investing in securities with upward trending prices
  • Quality – selecting companies with solid balance sheets and less volatile earnings
  • Size – investing in smaller companies
  • Minimum volatility – favoring stocks with historically lower risk
  • Value – choosing stocks with prices that are below their fundamental value

How Many Years $1 Million 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 cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research