Finding the Top Financial Advisors in Coral Gables, Florida
If you’re trying to find a financial advisor in Coral Gables, Florida, you came to the right place. The team at SmartAsset compiled data on the top financial advisors in the area. We covered key details like investment minimums, fee structure and certifications.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Firestone Capital Management, Inc. Find an Advisor||$592,800,839||$1,000,000|| || |
|2||Aston Capital Management Find an Advisor||$349,350,235||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Kirtland Financial Management, Inc. Find an Advisor||$276,446,741||$500,000|| || |
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|4||Cathy Pareto and Associates Find an Advisor||$197,357,700||$500,000|| || |
|5||Premia Global Advisors, LLC Find an Advisor||$258,523,459||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Invenio Wealth Partners, LLC Find an Advisor||$216,374,524||$1,000,000|| || |
|7||Millares Asset Management, LLC Find an Advisor||$163,929,243||$1,000,000|| || |
|8||Loyola Asset Management, LLC Find an Advisor||$129,046,508||$100,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Coral Gables, 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Firestone Capital Management, Inc.
Firestone Capital Management (FCM) tops our list of financial advisory firms in Coral Gables. This firm offers a range of services including portfolio management and financial planning around retirement, estates, trusts and more.
The client base is primarily made up of individuals, both with and without high net worths. To open an account with FCM, you’d need a minimum investment of $1 million, but the firm reserves the right to accept smaller accounts. As a fee-only firm, FCM collects fees from you solely for the services it provides to you. The firm does not receive commissions or other forms of compensation from third parties for making certain recommendations or selling specific investment products.
The FCM team has a variety of professional certifications. Advisors hold a combination of the following designations:
- Certified financial planner (CFP)
- Chartered financial analyst (CFA)
- Certified investment management analyst (CIMA)
- Registered paraplanner (RP)
Firestone Capital Management Background
Firestone Capital Management formed in 1997. It’s currently owned by Jack M. Firestone, Carol G. Kaufman, Carlos A. Carbonell, Jerad O. Waggy and Anthony E. Poppe.
The team at FCM focuses on wealth management and ongoing portfolio management. Its financial planning services can cover areas such as risk management, retirement savings, tax planning, trust management and special needs planning.
Firestone Capital Management Investment Strategy
Firestone Capital Management aims to build an investment portfolio that can meet your long-term needs based on individual factors such as your risk tolerance, time horizon and financial situation. To construct a diversified portfolio, the firm mainly invests client assets in mutual funds, exchange-traded funds, individual bonds and real estate investment holdings. Actively-managed funds and passively-managed index funds may be used in a client's portfolio. At your request, your portfolio may include individual equities or other investments, but the firm does not perform specific research or make recommendations on individual stocks.
In its securities selection process, the firm considers both internal and external research, which is from firms such as Morningstar, Inc. and Advisor Intelligence.
Aston Capital Management
Aston Capital Management, the No. 2 firm on our list, is a fee-only practice that advises high-net-worth individuals and pooled investment funds. Investment minimums for the funds that Aston manages range from $10,000 to $5 million.
As a fee-only firm, Aston advisors do not sell insurance or securities for commissions. The firm does not list any professional financial certifications, like the certified financial planner (CFP) designation, on its website.
Aston Capital Management Background
Founded in 2015, Aston Capital Management is owned an operated by Luis Vicente d'Amato, who serves at the chief executive officer and chief investment officer of the company.
Aston primarily offers investment advice with respect to several different strategies and asset classes, typically liquid securities. While SEC-filed records indicate the firm offers financial planning services, Aston does not reference this service in its Form ADV brochure.
Aston Capital Management Investment Strategy
Aston does not make buy or sell recommendations to individual clients. Instead, Aston generally advises individual clients regarding the asset categories in which to invest. The firm analyzes an individual client’s current asset allocation and then makes recommendations based on the firm's professional judgment with the goal of seeking portfolio diversification that covers all asset classes.
On occasion, Aston can also discuss the relative merits of specific securities (usually, public or private funds) within an asset category.
Kirtland Financial Management
Kirtland Financial Management (KFM) provides portfolio management and financial planning services to a clientele that includes individuals both with and without a high net worth, as well as their trusts and estates. The firm also offers services to charitable organizations.
To open an account with the firm, you’ll need a minimum investment of $500,000. KFM collects fees from you as a percentage of AUM or on an hourly or fixed basis depending on the scope of services provided. That said, advisors at this fee-based firm may be registered to sell securities or insurance products on a commission basis. Despite this, the firm's fiduciary duty legally requires it to act in clients' best interests.
The firm has two certified financial planners (CFPs) on staff, as well as one financial planning qualified professional (FPQP).
Kirtland Financial Management Background
Kirtland Financial Management has been a registered investment advisor since 1999. The team here is led by primary owner Brett C. Hixon, a CFP who specializes in asset allocation, retirement cash flow planning, long-term care, life insurance needs and college education planning.
KFM focuses on helping families manage their wealth and investments. The firm can offer advice around several aspects of your financial life including taxes and cash flow management, retirement savings and education funding through investments like 529 college savings plans. It also offers guidance around death and disability finances and benefits.
Kirtland Financial Management Investment Strategy
Kirtland Financial Management generally deploys a long-term investment strategy, requiring a time horizon and holding period of at least five to 10 years. Based on factors like your risk tolerance and investment goals, the firm may allocate your assets among mutual funds, exchange-traded funds (ETFs), stocks, bonds and other securities.
Cathy Pareto and Associates
Cathy Pareto and Associates is another fee-only firm that primarily works with individuals and high-net-worth individuals. It also provides services to a select group of retirement plans and charitable organizations.
The team has four certified financial planners (CFPs) and one certified public accountant (CPA) on staff. As a fee-only practice, advisors earn compensation from you solely for the services they provide to you. The firm and its employees don't earn commissions or other kickbacks for selling securities or insurance products like annuities or making specific recommendations.
Fees for portfolio management are based on a percentage of a client's assets under management, while fees for financial planning may be charged at an hourly or fixed rate. The firm requires clients have at least $500,000 in investable assets but may waive or lower this requirement at its discretion.
Cathy Pareto and Associates Background
The firm has been providing investment advisory services since 2008. It’s owned solely by its founder, Cathy Pareto, who has 25 years of experience working in wealth management.
The firm offers portfolio management services and financial planning. On its website, the practice markets planning services specifically to doctors, women, small business owners and the LGBT community.
Cathy Pareto and Associates Investment Strategy
Cathy Pareto and Associates focuses on a long-term investment strategy, taking a buy-and-monitor approach. This means it will keep a close eye on the market and economic conditions and make changes to your asset allocation if deemed necessary.
The firm typically invests client assets in equity securities, exchange-traded funds, mutual funds, corporate securities, municipal securities and U.S. government securities. To protect your portfolio against market risk, the firm also focuses on globally diversified portfolios, In addition, it considers costs, tax sensitivity and other factors when making asset allocation decisions.
Premia Global Advisors
Premia Global Advisors is a fee-only advisory firm that works primarily with high-net-worth and non-high-net-worth individuals, as well as corporations and businesses. The firm does not impose a minimum investment requirement.
As a fee-only firm, none of Premia's advisors earn commissions from third parties. The firm receives advisory fees directly from clients and is therefore not subject to a potential conflict of interest related to its compensation.
Premia has three certified investment management analysts (CIMAs) and one chartered retirement planning counselor (CRPC) on staff.
Premia Global Advisors Background
Premia Global Advisors has been around since 2016, making it one of the younger firms on our Coral Gables list. The firm was founded by Miguel Sosa, who is also its owner and operator.
Premia provides its clients with investment management, on either a discretionary or non-discretionary basis. Discretionary asset management allows the advisor full discretion to make trades and transactions within a client's portfolio. The firm can also provide active asset management services through separately managed accounts.
Premia Global Advisors Investment Strategy
Premia Global Advisors crafts its investment strategies around the individual wants, needs and objectives of each of its clients. This process involves meetings to get to know clients and to determine their tolerance for risk, liquidity needs, financial history and investment objectives.
Using this gathered information, Premia constructs customized investment portfolios, primarily consisting of equity, fixed-income securities, mutual funds, exchange-traded funds, (ETFs) and alternative investment products like hedge funds, structured products, limited partnerships, or private placements of securities. Additionally, Premia may also employ currency hedges, cash positions and other risk management strategies.
Invenio Wealth Partners
Invenio Wealth Partners is a fee-based practice that requires clients to have at least $1 million in their accounts. As a result, the firm primarily serves high-net-worth individuals but also works with individual clients below the high-net-worth barrier, as well as retirement plans, charities, corporations and other businesses.
Keep in mind that as a fee-based firm, some advisors may earn commissions on the purchase of insurance products. This creates a potential conflict of interest because your advisor may have a financial incentive to recommend certain products and services over others that may be more appropriate or affordable.
As for fees, you'll pay an asset-based charge (1.10%-0.50%) for ongoing wealth management. In some circumstances, the firm may charge a fixed fee instead.
The team at Invenio Wealth Partners includes a certified financial planner (CFP) and an investment advisor certified compliance professional (IACCP).
Invenio Wealth Partners Background
Founded in 2022, Invenio Wealth Partners is the youngest practice on our list of the top advisors in Coral Gables. Co-founders Joe Fernandez, Christina Hudson, Johanna Arbelaez-Perez and Stacy Sizemore collectively have approximately a century's worth of professional experience working in financial services and banking.
Wealth management, which comprises financial planning-based retirement planning and investment management, remains the primary service offered at Invenio Wealth Partners. The firm can help with a variety of financial planning topics, including:
- Business planning
- Cash flow forecasting
- Trust and estate planning
- Financial reporting
- Investment consulting
- Insurance planning
- Retirement planning
- Risk management
- Charitable giving
- Distribution planning
- Manager due diligence
Invenio Wealth Partners Investment Strategy
Invenio Wealth Partners relies on strategic asset allocation and uses both active and passive strategies to do so. As a result, the firm is less focused on individual security selection and more concerned with asset class targets.
As a result, you can expect your assets to be invested in a combination of active and passive index funds, exchange-traded funds and active separate account managers. Portfolios are also globally diversified to control for risks associated with concentrating your holdings in limited markets.
Millares Asset Management
Millares Asset Management (MAM) is a financial advisory firm that works with both high-net-worth and non-high-net-worth individuals, as well as pension and sharing plans and corporations. To receive portfolio management services, you’d need a minimum investment of $1 million, although the firm may waive this requirement at its discretion.
The team at MAM features two advisors with the certified public accountants (CPA) and personal financial specialists (PFS) designations, one of whom is also a certified financial planner (CFP). As a fee-only firm, advisors do not receive compensation from third-party firms for selling or recommending products to advisory clients. Its revenue comes from the fees that clients pay directly to Millares.
Millares Asset Management Background
In business since 2007, Millares Asset Management is a family shop. Maria Millares, Ruben Millares and Javier Millares currently own the firm. They all still work for the firm as advisors.
For individual clients, this firm offers both investment management and financial planning services. The latter can cover topics like budgeting, estate planning, retirement planning, investment planning, tax planning, cash flow planning, education fund planning and more. Millares also offers employee benefit retirement plan services and consulting.
Millares Asset Management Investment Strategy
Millares Asset Management primarily allocates client assets among passively-managed mutual funds offered by Dimensional Fund Advisors. However, it would consider other securities if deemed appropriate based on factors such as your risk tolerance and investment goals.
Its securities selection process is based on several strategies, including Modern Portfolio Theory, which supports diversification. To that end, the firm recommends diversified portfolios, principally through the use of passively managed, asset class mutual funds. MAM selects or recommends broadly-traded open-end mutual funds or conservative fixed-income securities to implement this investment strategy.
Loyola Asset Management
The eighth and final firm on our list is Loyola Asset Management, a fee-only practice that works with non-high-net-worth and high-net-worth individuals. Institutional clients include corporations and other business entities. The minimum account size at Loyola is generally $100,000.
For ongoing advisory services, Loyola charges an asset-based fee that ranges from 2% of assets under management to 1%, depending on your portfolio size. Clients with more than $25 million in AUM can negotiate their rate. However, the firm may charge hourly for certain financial planning services.
Loyola has one certified investment management analyst (CIMA) on staff.
Loyola Asset Management Background
Loyola was founded in 2006, registering as a financial advisor after a few years in business. Alvaro R. Castillo is the firm's owner and president.
Loyola works with clients to provide them with both investment supervisory services and financial planning. It also may delegate certain responsibilities to third-party managers. It manages accounts primarily on a discretionary basis, meaning it retains control over the buy and sell decisions.
Loyola Asset Management Investment Strategy
While all of Loyola's clients have access to the same services, particular investment strategies can vary based on the objectives and needs of each individual client. Income, tax levels and tolerance for risk all play into how Loyola's advisors develop and implement investment plans for each of their clients.
The firm uses mutual funds, equities, bonds, fixed-income securities, debt securities, exchange-traded funds (ETFs), real estate, hedge funds, third-party money managers, real estate investment trusts (REITs), private placements and government securities to populate client portfolios. Loyola uses charting analysis, fundamental analysis, technical analysis and cyclical analysis to inform investment decisions.