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Top Financial Advisor Firms in Connecticut

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Finding a Top Financial Advisor Firm in Connecticut

Managing your finances can be a difficult proposition. So SmartAsset has determined the top financial advisor firms in Connecticut that can make it easier. Throughout this review, we’ll discuss what each firm charges for its services, its investing strategies, its specialties and more so you can become a more informed prospective client. If you’d prefer the automated route, SmartAsset also offers a financial advisor matching tool that will pair you with advisors in your area based on your personal needs.

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

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$4,376,000,000 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Sub-advisor

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
  • Sub-advisor
2 Bradley, Foster & Sargent, Inc. Bradley, Foster & Sargent, Inc. logo Find an Advisor

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$3,586,599,208 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops
3 Northeast Financial Consultants, Inc. Northeast Financial Consultants, Inc. logo Find an Advisor

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$2,919,268,966 None
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

None

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

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4 GYL Financial Synergies, LLC GYL Financial Synergies, LLC logo Find an Advisor

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$2,911,456,246 $1,000,000 for individuals and $10,000,000 for institutions
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

$1,000,000 for individuals and $10,000,000 for institutions

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
5 Coastal Bridge Advisors Coastal Bridge Advisors logo Find an Advisor

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$2,379,786,806 $3,750,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

$3,750,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
6 Beirne Wealth Consulting Services, LLC Beirne Wealth Consulting Services, LLC logo Find an Advisor

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$2,295,172,942 No set account minimum
  • Investment management
  • Financial planning
  • Consulting

Minimum Assets

No set account minimum

Financial Services

  • Investment management
  • Financial planning
  • Consulting
7 Greenwich Wealth Management Greenwich Wealth Management logo Find an Advisor

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$1,138,552,512 $1,000,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

$1,000,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
8 Northstar Wealth Partners, LLC Northstar Wealth Partners, LLC logo Find an Advisor

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$1,077,130,122 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
9 Private Capital Group Private Capital Group logo Find an Advisor

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$1,017,109,355 $500,000 for private wealth management
  • Allocation strategies
  • Taxes
  • Estate planning

Minimum Assets

$500,000 for private wealth management

Financial Services

  • Allocation strategies
  • Taxes
  • Estate planning
10 Fiduciary Investment Advisors, LLC Fiduciary Investment Advisors, LLC logo Find an Advisor

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$1,003,000,000 Minimum fee $15,000 to $35,000
  • Investment advisory services
  • Investment management
  • Fund performance monitoring

Minimum Assets

Minimum fee $15,000 to $35,000

Financial Services

  • Investment advisory services
  • Investment management
  • Fund performance monitoring

How We Found the Top Financial Advisor Firms in Connecticut

SmartAsset only considered financial advisor firms based in Connecticut that are registered with the U.S. Securities and Exchange Commission (SEC) for this list. That’s because these firms are bound by fiduciary duty, requiring them to act in clients’ best financial interests. Our experts eliminated any firms that had disciplinary issues on record with the SEC, did not manage individual accounts or did not offer financial planning. The remaining firms that fit these requirements are listed here, ordered from the most assets under management (AUM) to the least.

Symmetry Partners, LLC

Symmetry Partners, LLC

Glastonbury-based financial advisor firm Symmetry Partners, LLC has more than $4 billion in assets under management (AUM). That’s nearly $800 million more than the second firm on this list, Bradley, Foster & Sargent, Inc. Despite the amount of assets under its management, the firm employs just 17 advisors who work with the firm’s more than 16,000 individual clients. Of those individual clients, only 2% are high-net-worth individuals. The firm also serves trusts, corporations, pension and profit-sharing plans, government entities and charities.

The fee-only firm’s account minimum varies depending on the type of account you want to open. For example, mutual fund portfolios call for at least $10,000 in investable assets, while AltAxis and exchange-traded fund (ETF) portfolios require a $25,000 minimum.

The staff at Symmetry has a total of just three advisor certifications. There are two chartered financial analysts (CFAs) and one chartered alternative investment analyst (CAIA) on staff. Being that the aforementioned AltAxis portfolio is centered around alternative investing, it should come as no surprise that there is a CAIA at this firm.

Symmetry Partners, LLC Background

Established in 1994, Symmetry Partners, LLC has been around longer than most other firms on this list, aside from Resnick Investment Advisors, LLC and Northeast Financial Consultants, Inc. Symmetry remains under the ownership of its original co-founders, David Connelly, Jr. and Patrick Sweeny.

Whereas most firms will offer services centered around financial goals, Symmetry instead focuses on portfolios made up of specific investments types, such as ETFs, alternative investments, U.S. equities, real estate investment trusts (REITs) and mutual funds. However, it does offer the “Retirement Solutions” program, which is meant for both retirement plan providers and beneficiaries.

Symmetry Partners, LLC Investing Strategy

As stated above, Symmetry Partners’ investing strategy is largely based around ETFs and mutual funds. Identifying these investment types is just the first step, however, as the firm believes that diversification throughout domestic and global markets is key to ensuring the overall health of your portfolio.

Symmetry’s investment approach is based off of modern portfolio theory, which heavily weighs risk. The investment philosophy is based on the idea that there’s no reason to increase a portfolio’s risk level if it won’t result in a proportional increase in potential returns. This translates to Symmetry’s approach, though your portfolio’s risk level will largely depend on your own comfort level.

Bradley, Foster & Sargent, Inc.

Bradley, Foster & Sargent, Inc.

Although the Bradley, Foster & Sargent, Inc. (BFS) home office is located in Hartford, you’ll also find branches in Wellesley, Massachusetts, and West Palm Beach, Florida. This fee-only firm has the largest team of advisors on this list at 21. Out of this group, there are three certified public accountants (CPAs), four chartered financial analysts (CFAs) and one certified financial planner (CFP).

There is technically no minimum to open an account with this firm. However, if you’re referred to it via the Schwab Advisor Network, Schwab and BFS have agreed on a minimum of $500,000 in investable assets for new accounts. Possibly because of this, the firm serves 100 times more high-net-worth individuals than non-high-net-worth individuals. The Crystal Partners Fund has a minimum subscription amount of $100,000 and the BFS Equity Fund has a minimum initial investment of $1,000. In addition, the firm works with trusts, estates, corporations, an investment company, pension/profit-sharing plan participants, banks, 401(k) plans and charitable organizations.

The Financial Times recognized Symmetry Partners as one of as one of the top 300 financial advisors in the country - a distinction also bestowed upon Coastal Bridge Advisors and RZH Advisors, LLC.

Bradley, Foster & Sargent, Inc. Background

Like Symmetry Partners, LLC, Bradley, Foster & Sargent, Inc. opened its doors in 1994. It’s currently owned by a group of the firm’s employees, though chairman Robert Bradley is the principal shareholder.

This firm works with its clients based on their individual needs. In other words, you could receive services related to retirement, tax minimization, business succession, estates, trusts and more.

Bradley, Foster & Sargent, Inc. Investing Strategy

Bradley, Foster & Sargent is concerned with the long-term health and growth of its clients’ portfolios. Additionally, the firm is always mindful of the preservation of your assets, especially for clients who have shorter-term goals included in their long-term plans.

Bradley, Foster & Sargent emphasizes diversification across asset classes and investment types so a large portion of your money isn’t tied up in any one area. The firm claims that it typically holds around 20 stock positions in its clients’ accounts, though this number can vary depending on the amount of assets in the account.

Northeast Financial Consultants, Inc.

Northeast Financial Consultants, Inc.

Though Northeast Financial Consultants, Inc. has more than $2.92 billion in assets under management (AUM), the firm has just two advisors on staff. One is a chartered financial analyst (CFA.) There is also a certified public accountant (CPA) on staff in a non-advisor role. They work almost exclusively with ultra-high-net-worth and high-net-worth individuals, though they also have experience working with trusts, foundations and families.

Though the firm’s client base is nearly void of non-high-net-worth individuals, there is not a minimum amount of investable assets required to open an account. The fee-only firm is located in Westport.

Northeast Financial Consultants, Inc. Background

Elwood Davis, the firm’s current president, owns 100% of Northeast Financial Consultants, Inc. Davis has been in the financial services industry for almost 40 years. The firm was created in 1983, making it the oldest firm on this list.

Being that this firm is a family office that looks to manage its clients’ assets holistically, the firm’s advisors offer a wide range of services. Estate planning, insurance analysis, retirement planning, cash flow planning, tax mitigation and charitable giving are at the forefront of Northeast Financial Consultants’ offerings.

Northeast Financial Consultants, Inc. Investing Strategy

Northeast Financial Consultants, Inc. focuses not only on the financial needs of the individual client, but also on their family’s needs. Because of this, the firm says that it’s not just a trader, but rather a true financial advisor for your future. 

Northeast Financial Consultants looks for long-term investments that could remain in your portfolio for a significant amount of time. But the firm does realize that its clients are likely to have some sort of need for liquidity, which is why it uses your excess cash flow to invest in equities and real estate investment trusts (REIT)s. The funds that are invested solely for the purpose of your portfolio’s growth will typically end up in mutual funds and stocks.

GYL Financial Synergies, LLC

GYL Financial Synergies, LLC

GYL Financial Synergies, LLC is a fee-only financial advisor firm located in West Hartford. It has one of the highest account minimums on this list, as individual clients will need at least $1 million in investable assets and institutional clients must have a minimum of $10 million. The firm’s typical clients are individuals (high-net-worth and not), businesses, municipalities, insurance pools, charitable organizations, trusts, estates and defined contribution plans.

GYL has three certified investment management analysts (CIMAs), one certified private wealth advisor (CPWA), one certified public accountant (CPA), two certified financial planners (CFP) and one accredited investment fiduciary analyst (AIFA) at its main office.

GYL Financial Synergies, LLC Background

Founded in 2016, GYL Financial Synergies, LLC is the youngest firm on this list. It is independently owned by CEO Gerald Goldberg, CIO Jonathan Yolles and senior managing directors Michael Lepore and Claire McDonald.

The firm’s advisory services include general investment management, institutional consulting, estate planning, trust planning and insurance analysis.

GYL Financial Synergies, LLC Investing Strategy

The first step in beginning a client relationship with GYL Financial Synergies is to define your financial goals, your time horizon and your risk tolerance. Once you’ve made this clear to your advisor, he or she builds a plan that adheres to your stated desires. You’ll then have the opportunity to give the plan the final stamp of approval.

As your assets are invested and your portfolio begins to grow, the firm will keep track of any changes that are occurring and let you know about them as soon as possible. If your account begins to become unbalanced, and therefore less diversified, your portfolio will be rebalanced according to the original plan.

 

Coastal Bridge Advisors

Coastal Bridge Advisors

Coastal Bridge has a minimum annual investment fee of $40,000. This means the minimum investment that makes sense is $3.75 million, easily the highest on this list. Such a lofty minimum is simply out of reach for many investors, making this firm almost exclusively available to high-net-worth individuals. It can manage the financial needs of businesses, trusts, estates, pension and profit-sharing plans and charitable organizations as well.

At Coastal Bridge Advisors, you’ll find two certified financial planners (CFPs), two certified investment management analysts (CIMAs), two chartered retirement planning counselors (CRPCs), one certified divorce financial analyst (CDFA), two chartered retirement planning counselors (CRPC), one chartered financial consultant (ChFC) and one chartered financial analyst (CFA). The firm is an insurance broker, and certain advisors at this fee-based firm sell insurance policies on a commission basis. However, the firm is a fiduciary and therefore must always act in your best interest.

Coastal Bridge Advisors Background

Holding firm Focus Financial Partners, LLC fully owns Coastal Bridge Advisors. The firm was founded in 2009 by Kevin Burns, Jim Pratt-Heaney and Bill Loftus. This trio has spent a combined 90 years in personal finance, giving the firm’s management team some of the most extensive experience of any firm on this list.

Coastal Bridge Advisors has created a family office service model that illustrates exactly how it intends to work with clients and their families. This nine-tier model includes overall investment management, trust and estate planning, business planning, family planning, banking analysis, insurance review, retirement planning, tax planning and philanthropic gift planning.

Coastal Bridge Advisors Investing Strategy

Coastal Bridge Advisors has a unique self-check program set up to give its investment plans a rigorous once-over prior to implementation. Once you and your advisor have come up with a mutually agreeable plan, the firm passes it through the algorithm-based Monte Carlo analysis to ensure that the investments chosen align with your financial goals.

The firm uses a variety of investment types in its client portfolios, including mutual funds, ETFs, private equity, structured products and various hedge funds. However, mutual funds make up the majority of client portfolios.

Beirne Wealth Consulting Services, LLC

Beirne Wealth Consulting Services, LLC

Beirne Wealth Consulting is a Shelton-based firm with more than $2.29 billion in assets under management. The firm generally does not impose a minimum required account size, so people with all ranges of investable assets may be able to find what they need. The bulk of Beirne’s clients are individuals, though it does advise high-net-worth individuals. The firm also does business with institutional clients including pension and profit-sharing plans, charitable organizations, state or municipal government entities, sovereign wealth fund, insurance companies, health savings accounts and other corporations.

There are five advisors on staff at Beirne. The staff includes one certified investment management analyst (CIMA). Fees for financial planning and consulting are normally fixed, while fees for investment management are based on a client’s total assets under management. At least one employee at Beirne is a licensed insurance agent and could sell clients insurance products, earning them a commission. This is a conflict of interest, but the firm is still bound by fiduciary duty to act in the best interest of the client.

Beirne Wealth Consulting Services, LLC Background

Beirne was founded in 2012. It is owned by family trusts, which are owned by the Beirne family. Two members of the family, John Anthony Beirne, Jr. and John-Oliver Beirne are currently the chief executive officers of the firm. 

The service offered by the firm include:

  • Investment management
  • Financial planning
  • Consulting
  • Pension fund consulting
  • Insurance
  • Taxes

Beirne Wealth Consulting Services, LLC Investment Strategy

Beirne develops an investing strategy for each client based on their personal needs, goals, risk tolerance and objectives. Client money may be invested in a variety of financial products, including separate accounts, mutual funds, exchange traded funds, bonds, stocks and options. Fundamental, technical and cyclical analysis methods are all employed to make investment decisions.

Greenwich Wealth Management

Greenwich Wealth Management

Greenwich Wealth Management, LLC is based, appropriately, in Greenwich. It manages more than $1.14 million in assets and employs seven advisors, including two chartered financial advisors. The firm’s client base is mostly high-net-worth individuals, with very few other individual investors on the books. This makes sense as the firm has a relatively high minimum account size of $1 million for portfolio management. It also has an institutional business advising investment companies, charitable organizations, pension and profit-sharing plans and other corporations. 

Fees to Greenwich are paid based on a percentage of assets of management. One advisor at the firm is also registered with Interactive Brokers, the broker-dealer recommended to clients. While this does not bring money directly to Greenwich, it could bring fees to that advisor commissions. This is a conflict of interest, but fiduciary duty still binds the firm to act in the client’s best wishes.

Greenwich Wealth Management, LLC Background

Greenwich Wealth Management was founded in 2006 by Michael J. Freeburg. He remains the principal owner and acts as an advisor at the firm.

Services at Greenwich include:

  • Investment advisory services
  • Custom tailored portfolios

Greenwich Wealth Management, LLC Investment Strategy

Advisors at the firm use fundamental, technical and macro-economic analysis to come up with the investing strategy for each client. It considers things like income and liquidity requirements, investment time horizon, risk profile, financial goals and special needs to come up with a strategy. Investments may include stocks, bonds, mutual funds, futures contracts, exchange traded funds, foreign exchange and structured products.

Northstar Wealth Partners, LLC

Northstar Wealth Partners, LLC

Northstar Wealth Partners, LLC has almost 2,800 individual clients, but only 30 of those clients are high-net-worth individuals. The rest fall below that threshold, giving the West Hartford-based firm significant experience working with non-high-net-worth investors. The firm also provides services to trusts, estates, retirement plans, charitable organizations and businesses.

This fee-only firm has a variable account minimum that’s dependent on the type of account you want. As a result, the following minimums are applicable:

  • Manager access select portfolio - $100,000
  • Model wealth portfolio - $25,000
  • Optimum market portfolio - $10,000
  • Personal wealth portfolio - $250,000

On the firm’s advisory staff, you’ll find one certified financial planner (CFP), one accredited investment fiduciary (AIF), one chartered investment counselor (CIC) and one registered financial consultant (RFC).

Northstar Wealth Partners, LLC Background

Northstar Wealth Partners was founded in 2014. It is no longer an independent firm, as its ownership is split between founding partner Robert Laraia and Integrity Partners, LLC, a holding company.

Clients of this firm have a plethora of different financial planning options available to them. The firm’s services include:

  • Estate and retirement planning
  • Charitable planning
  • Education cost planning
  • Personal and corporate tax planning
  • Real estate analysis
  • Debt analysis
  • Insurance review
  • Cost segregation analysis

Northstar Wealth Partners, LLC Investing Strategy

Northstar Wealth Partners utilizes one of four portfolio models for many of its clients, depending on the client’s financial objectives, risk tolerance, time horizon and liquidity needs. The firm’s model portfolio options are manager access select portfolios, model wealth portfolios, optimum market portfolios and personal wealth portfolios. These portfolios almost always include some combination of individual stocks, ETFs and mutual funds, though the firm reserves the right to vary these.

Should the firm decide that you’d be better served by a custom financial strategy, it will give you recommendations on how to create new plans or amend existing ones. This could refer to a number of areas, such as insurance coverage, retirement savings and wills or trusts. These consultations generally take about six months, but the firm leaves the final decision on each change up to you.

Private Capital Group

Private Capital Group

Private Capital Group is a West Hartford-based financial advisor firm with more than $1 billion in assets under management (AUM). The firm has 10 advisors on staff. That includes eight certified financial planners (CFPs), one accredited investment fiduciary (AIF), one certified public accountant (CPA), one chartered mutual fund counselor (CMFC) and one certified divorce financial analyst (CDFA). The firm has a minimum account size requirement of $500,000 for new accounts in Private Wealth Management Services. It has a minimum initial fee of $2,500 for financial planning clients. Each individual advisor at the firm may also have an investment minimum.

The firm mainly advises high-net-worth individuals, though it also works with other individual investors along with some charitable organizations, pension or profit-sharing plans and other corporations.

PCG is a fee-based firm. Most of its revenue comes from the fees its clients pay, but some employees are also licensed insurance brokers, meaning they may recommend that you buy insurance products. These employees earn a commission from sales, which poses a potential conflict of interest. The firm is a fiduciary, though, requiring it to act in clients' best interests.

Private Capital Group Background

Private Capital Group was founded in 2003 by Benjamin D. Kille and William T. Rabbitt. The two still work at the firm as financial advisors and are the principal owners. Both have decades of experience in financial services. 

Services offered by the firm include:

  • Asset allocation strategies
  • Cash flow strategies
  • Tax strategies
  • Estate planning
  • Investment management
  • Retirement plans
  • Endowments

Private Capital Group Investing Strategy

Private Capital Group uses a trio of principles as the foundation for its investments: disciplined management, investment philosophy and investment research. Its investment strategies include long-term purchases, short-term purchases and trading. The advisors may also recommend the following:

  • Margin: A high-risk strategy where you use borrowed assets to purchase financial instruments.
  • Short selling: The sale of assets that you have borrowed.
  • Options strategies: A strategy involving a contract between two parties to buy or sell an asset at a predetermined price.

Securities used by PCG advisors include mutual funds, exchange-traded funds (ETFs), individual fixed-income holdings, individual equities and alternative investments.

Fiduciary Investment Advisors, LLC

Fiduciary Investment Advisors, LLC

Fiduciary Investment Advisors, LLC is a fee-only firm based in Windsor. It manages more than $1 billion in assets and employs 50 advisors. The firm’s private client group includes three chartered financial analysts (CFAs), two certified financial planners (CFPs) and one certificate in investment performance measurement (CIPM) holder. Fees can be paid either as a flat fee or a percentage of assets under management. FIA doesn’t list a minimum asset requirement, but charges a minimum fee of $15,000 for investment management services and $35,000 for investment advisory services.

These high minimum fees mean that high-net-worth individuals are the only individual clients the company advises. It also has a sizeable institutional business, managing assets for pension and profit-sharing plans and charitable organizations.

Fiduciary Investment Advisors, LLC Background

FIA was founded in 2006 and is completely owned by eight employee-principals. 

Services offered to private clients include:

  • Cash flow planning
  • Tax efficiency analysis
  • Investment strategy
  • Wealth transfer strategy
  • Philanthropy
  • Education funding

Fiduciary Investment Advisors, LLC Investment Strategies

FIA uses the MPI Stylus allocator software to model portfolio allocations. This uses Mean-Variance Optimization, a method developed based on the work of Nobel Prize winner Harry Markowitz. It relies on the optimization of average returns. Investments include equities, international equities, fixed income, hedge  funds and cash.

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