Finding the Top Financial Advisors in Boca Raton, FL
To find a financial advisor, you have to do some serious digging into government documents, websites and databases. But we did all that hard work for you. The team at SmartAsset dove into the research behind local advisor firms to bring you the top nine financial advisory firms in Boca Raton, Florida. We explored key factors such as investment minimums, scope of services offered and fee structure.
How We Found the Top Financial Advisors in Boca Raton, FL
We began by compiling data about all the financial advisor firms in Boca Raton that were registered as investment advisors with the Securities Exchange Commission (SEC). This governmental body regulates the industry to ensure advisors are complying with their duties to their clients. Then we removed from the list firms that have faced disciplinary action in the last 10 years. We also eliminated those that did not provide financial planning or whose client base was less than 50% individual accounts. Finally, we ranked what was left on the list, from largest to smallest, based on assets under management.
Baron Silver Stevens Financial Advisors, LLC
With more than $509 million in assets under management, Baron Silver Stevens Financial Advisors cracks the top of our list. The firm offers a variety of portfolio management and financial planning services.
According to the most recent SEC data, the firm works with individuals, high-net-worth individuals, pension plans and a charity. However, it also offers its services to estates, trusts and other entities.
The firm’s team features seven certified financial planners (CFPs) and one chartered life underwriter (CLU).
The firm collects fees for its investment advisory services, but its associated persons may receive additional compensation from the sale of products like mutual funds or insurance. To open an advisory account with Baron Silver Stevens, you’d need a minimum investment of $500,000.
Baron Silver Stevens Financial Advisors Background
Baron Silver Stevens has been providing investment advisory services since 2000. The firm breaks down its services into four different sectors:
Through its Vision 2020 Wealth Management Platform, the firm provides portfolio management services utilizing asset-allocation software. The firm uses this technology and other sources to customize investment portfolios built with an asset allocation that seeks to adhere to your personal circumstances such as investment goals and tolerance for risk.
Also through its Vision 2020 Wealth Management Platform, the separately managed account (SMA) and unified management account (UMA) program extends similar services along with brokerage and custodial services through a wrap-fee program.
The firm also provides model portfolios through program managers like Russell
Investment Management Company and SEI Investments Management Corporation.
Additionally, Baron Silver Stevens runs a financial planning program that can assist you in various areas including tax strategies, estate planning, charitable giving and retirement planning.
Baron Silver Stevens Financial Advisors Investment Strategy
Baron Silver Stevens can undertake various investment strategies based on the program you choose. For instance, you’d have access to model portfolios and asset-allocation software. Most of these programs utilize mutual funds, exchange-traded funds (ETFs), equities and bonds. However, the firm may allocate your assets to other types of securities if it deems it appropriate to your circumstances.
Noesis Capital Management Corp
Noesis Capital Management (NCM) holds almost $496 million in assets under management for a clientele of fewer than 500 people. According to SEC data, it works with about as many high-net-worth individuals as people outside this group. To open a portfolio with NCM, you’d need at least $500,000.
Working with NCM, you’d have access to three certified financial planners (CFPs), three chartered financial analysts (CFAs) and two certified public accountants (CPAs).
The firm’s advisory services are fee-only, but associated persons or affiliates may receive commissions for recommending specific products such as mutual funds through third-party products.
Noesis Capital Management Background
NCM was founded in 1995, but registered as an investment advisor with the SEC in 2001. It is currently owned by Nicolaas B.M. Letschert, Elisabeth A. J. Letschert and Jeremiah Spitzberg.
The firm currently works mostly with individuals including high-net-worth ones and about 15 businesses. However, it offers services to pensions and profit sharing plans, charitable organizations, trusts, estates, corporations and institutions - along with foreign clients.
Noesis Capital Management Investment Strategy
NCM takes an active approach when investing client assets among equities and related securities. The firm attempts to find companies they believe are profitable, competitive and offer superior products or services and “have sustainable above average growth and earnings predictability.”
In addition, the firm aims for diversification when it comes to building portfolios. But it does consider exposure to foreigh markets. The firm says, “Despite periodic volatility abroad in dollar terms, we believe international portfolio diversification can, at times, increase total long-term returns due to rapid economic growth in many foreign countries.”
Biltmore Capital Advisors, LLC
Biltmore Capital Advisors has more than $365 million assets under management. To receive portfolio management services from the firm, you generally need a minimum investment of $1 million. However, the minimum drops to $250,000 for its Biltmore Capital Select program.
The firm primarily works with high-net-worth individuals and their related estates, trusts and other entities. But it can also provide services to businesses, profit-sharing plans, charities and more.
The firm’s three-man executive team boasts impressive experience in the financial services industry. CEO Tyler Vernon, for instance, has been recognized multiple times as a Five Star Wealth Advisor in New Jersey. His research has also been featured on leading business publications like the Wall Street Journal, Forbes and Seeking Alpha.
Biltmore Capital Advisors earns fees for only the services it provides to you. These are independent of additional fees your accounts may incur such as brokerage transaction fees and fund expense ratios. The firm generally recommends that clients utilize the brokerage and clearing services of Charles Schwab & Co. and TD Ameritrade.
Biltmore Capital Advisors Background
Biltmore Capital Advisors emerged in 2007. It’s currently owned by Daniel Tyler Vernon and Timothy J. Ralph. The firm specializes in wealth management, risk management, financial planning, estate planning and executive management.
Biltmore Capital Advisors Investment Strategy
The firm generally employs investment strategies based on the individual profile of the client. So it takes into account factors like risk tolerance, financial situations and long-term investment goals. It mainly constructs portfolios with stocks, bonds, money markets and other investments to meet client goals. It may also utilize model portfolios and independent managers.
Gaines Financial Group, Inc.
Gaines Financial Group currently holds almost $343 million in assets under management. To open a portfolio with the firm, you’d generally need a minimum investment of $500,000. According its most recent filings with the SEC, the firm works primarily with individuals who are not high net worth. But it also serves high-net-worth clients, along with their related estates, trusts and other accounts, as well as businesses.
The firm earns its fees solely from the services it provides to you. However, some of its employees may be affiliated with broker-dealers. Through this arrangement, they may earn commissions by selling specific investment products in their individual capacity.
Gaines Financial Group Background
Gaines Financial Group formed in 1996, but registered as an investment advisor in 2011. It can create a holistic financial plan for its clients that touches on various aspects of money management including insurance, taxes, retirement planning and estate planning.
Patrick S. Gaines primarily owns the fee-based firm.
Gaines Financial Group Investment Strategy
The practice seeks to build an investment portfolio with an asset allocation that reflects your long-term goals, risk appetite and other factors. It generally recommends mutual funds and exchange-traded funds (ETFs). Fundamental analysis primarily drives its securities selection. The firm says that this “involves analyzing individual companies and their industry groups, such as a company's financial statements, details regarding the company's product line, the experience and expertise of the company's management and the outlook for the company's industry.”
Sky Alpha Asset Advisors LLC
Sky Alpha Asset Advisors boasts more than $228 million in assets under management. It provides an array of services ranging from budgeting to retirement and estate planning. According to SEC records, the firm works mostly with high-net-worth individuals and their related estates and trusts.
Unlike the first few firms on our list, Sky Alpha does not set an account minimum for investment advisory services. The team features three chartered financial analysts (CFAs) and one certified financial planner (CFP).
This is a fee-based firm, which means that certain affiliates may collect additional compensation separate from the fees the firm collects for the services it provides to you. For example, some of its investment advisor representatives may be licensed to sell insurance and other products, for which they may earn commissions.
Sky Alpha Asset Advisors Background
The firm has been providing investment advisory services since 2018. Its current owners are Michael J. Shatsky and Alex Lee, who are two of the firm’s three advisors. The firm can tailor a financial plan to your needs in order to help you meet different objectives such as saving for retirement or leaving behind a legacy. But it specializes in customized investment solutions.
Sky Alpha Asset Advisors Investment Strategy
Sky Alpha generally offers advice around investing in equities, bonds, mutual funds and exchange-traded funds (ETFs). However, the firm may recommend other types of securities if it deems them appropriate based on your risk tolerance, investment goals and overall financial situation.
The securities selection process is driven by several strategies and by Modern Portfolio Theory. This suggests that you can aim for high returns and hedge against market volatility by carefully diversifying your portfolio with different asset classes.
The firm suggests you seek a certified public accountant (CPA) or similar professional to discuss the tax implications of your investments.
Winning Points Advisors, LLC
Winning Points Advisors (WPA) is an investment advisory firm with $208 million in assets under management. You don’t need a minimum investment to open a portfolio with the firm. However, WPA may close your account if it deems it too small to properly manage.
The firm’s advisory team collectively has more than 100 years of experience in the financial services industry. CEO Charles Stoll holds several professional designations including certified financial planner (CPA) and certified public accountant (CPA).
WPA works primarily with high-net-worth individuals and investment companies. The firm can provide advice around related trusts, estates, retirement plans and other entities.
WPA functions as a fee-only firm in the sense that it collects fees solely based on its advisory services. However, certain employees may be licensed insurance agents. They may earn commissions by offering insurance projects in this individual capacity.
Winning Points Advisors Background
WPA has been providing investment advisory services since 1990. Its principal owner is Charles S. Stoll, who still serves on the firm’s advisory team. The advisory business primarily engages in portfolio management services. But it can also create an overall financial plan based on your needs. This plan can touch on every aspect of your financial life including retirement savings, trust management and estate planning.
Winning Points Advisors Investment Strategy
WPA is open to virtually the entire investment universe and will make investment recommendations based on individual factors such as your risk appetite and long-term financial goals. Based on your criteria, your portfolio may invest in various securities including:
- Mutual funds
- Exchange-traded funds (ETFs)
Investment Advisory Professionals, LLC
Investment Advisory Professionals (IAP) is a fee-only firm with more than $195 million in assets under management. The firm earns compensation solely through the advisory services it provides to its clients. Representatives do not earn commissions, kickbacks or other fees from third-party sources such as mutual fund and insurance companies. In addition, the firm’s by-laws prohibit members from registering as broker-dealers.
IAP works with individuals including high-net-worth ones along with their related trusts, estates and other accounts. To open an investment advisory account with the firm, you’d need a minimum of $500,000.
The team at IAP features three certified public accountants (CPAs) and two certified financial planners (CFPs).
Investment Advisory Professionals Background
IAP first opened its doors in 1998. Arthur J. Canter, Mark D. Miclean and Alexandra Demosthenes own the firm today. All still work for the firm. The team specializes in several areas of financial planning including tax preparation, estate planning, retirement savings and family office services. The firm also offers portfolio management services.
Investment Advisory Professionals Investment Strategy
IAP generally invests client assets across equities and fixed-income sectors in order to create a diversified portfolio that adheres to individual financial circumstances and investment goals.
For equity exposure, it generally uses mutual funds that aim to capture the return of specific markets such as large-cap stocks and small-cap international stocks. The firm says, “We tilt your portfolio's balance to have a higher than average exposure to smaller and ‘value’ stocks, both in the U.S. and overseas.” It notes this is because studies have shown that small value stocks have greater returns over time than large growth stocks.
To give your portfolio exposure to fixed-income, the firm typically uses investment-grade individual bonds from the U.S. Treasury, municipalities, government agencies and major U.S. corporations.
Comprehensive Wealth Solutions, LLC
Comprehensive Wealth Solutions holds more than $185 million in assets under management (AUM). The firm does not impose an account minimum to receive investment advisory services.
According to the most recent SEC data, the practice works with about 50 individuals, most of whom are high net worth. The firm can provide advice around your estates, trusts, college funding and more. It also offers its services to businesses, charities and profit-sharing plans.
Comprehensive Wealth Solutions Background
Comprehensive Wealth Solutions has been providing investment advisory services since 2004. It can also create a long-term financial plan tailored to your goals. This may address several aspects of your financial life including retirement savings and estate planning.
The firm works on a fee-only basis. This means it collects fees for only the services it provides to you directly. That said, its associated persons may be licensed insurance agents. In their individual capacity, these persons may earn commissions or other forms of compensation for selling insurance products.
Comprehensive Wealth Solutions Investment Strategy
Unlike some of the firms on our list, Comprehensive Wealth Solutions won’t perform quantitative and qualitative analysis to make securities selection decisions. Instead, it will allocate your assets among third-party managers selected based on third-party investment manager research. Their strategies mainly involve investing in mutual funds and exchange-traded funds (ETFs) based on specific personal factors such as your appetite for risk and time horizon.
Adam Financial Associates Inc.
Adam Financial Associates (AFA) is a fee-only firm with nearly $161 million in assets under management. The firm mainly works with individuals including high-net-worth ones as well as their related trusts, estates, retirement plans and other accounts. It can also serve businesses and charities.
You don’t need a minimum investment to start a relationship with the firm. However, the firm levies a minimum quarterly fee of $500 for ongoing investment management services. As a fee-only advisory firm, AFA doesn't earn commissions or other forms of compensation from third parties for recommending or selling certain products.
The team at AFA collectively has two certified financial planners (CFPs), one chartered financial analyst (CFA) and two financial paraplanner qualified professionals (FPQPs).
Adam Financial Associates Background
AFA has been providing investment advisory services since 1995. It also offers comprehensive financial planning services. The firm’s team can offer guidance around managing retirement plans such as individual retirement accounts (IRAs), education savings funds (such as 529 college savings plans), trusts, estates and more.
The firm’s principal owner is Founder and President Mari Adam.
Adam Financial Associates Investment Strategy
AFA generally builds client portfolios using stock and bond mutual funds. It mainly focuses on building a diversified portfolio through a long-term buy-and-hold strategy, because it believes that “will produce the highest returns for clients, and is most likely to ensure consistency with the client's individually tailored investment profile.” Additionally, the firm utilizes both passive and active investing strategies. The former generally involves index funds, which aim to mimic the performance of certain indices. Active investing generally attempts to outperform such indices.