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. If you're looking for a financial advisor, SmartAsset's free tool can help match you with up to three options in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Firestone Capital Management, Inc. Find an Advisor||$568,500,000||$500,000|| || |
|2||Kirtland Financial Management, Inc. Find an Advisor||$289,021,405||$500,000|| || |
|3||Premia Global Advisors, LLC Find an Advisor||$243,527,743||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||PGI Wealth Management Find an Advisor||$220,645,644||No minimum|| || |
Minimum AssetsNo minimum
|5||Millares Asset Management, LLC Find an Advisor||$176,647,383||$1,000,000|| || |
|6||Loyola Asset Management, LLC Find an Advisor||$198,393,196||$100,000|| || |
|7||Cathy Pareto and Associates, Inc. Find an Advisor||$173,924,464||$500,000|| || |
How We Found the Top Financial Advisors in Coral Gables, Florida
To find the top financial advisors in Coral Gables, Florida, we first identified all firms registered with the SEC in the state. 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:
Firestone Capital Management
Firestone Capital Management, Inc. (FCM) tops our list. This firm offers a range of services including portfolio management and financial planning around retirement, estates, trusts and more.
The client base is made up of individuals who have a high net worth and those who don’t.
To open an account with FCM, you’d need a minimum investment of $1,000,000. FCM works as a fee-only firm. This means it 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.
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 wing can cover areas such as risk management, retirement savings, tax planning, trust management and special needs planning. It can also offer advice around various retirement plans such as individual retirement accounts (IRAs) and 401(k)s.
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 considers securities such as mutual funds, exchange-traded funds (ETFs) and individual securities.
In its securities selection process, the firm considers both internal and external research, which is from firms such as Morningstar, Inc. and Advisor Intelligence.
Kirtland Financial Management
Kirtland Financial Management, Inc. (KFM) provides portfolio management and financial planning services to a diverse clientele that includes individuals both with and without a high net worth as well as their trusts and estates.
To open an account with the firm, you’d need a minimum investment of $500,000. The advisory works on a fee-based basis. It 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.
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. He is a certified financial planner (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, growth-oriented investment strategy requiring a minimum five- to 10-year horizon and holding period. 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.
Premia Global Advisors
Premia Global Advisors, LLC works primarily with both high-net-worth and non-high-net-worth individuals, as well as corporations. The firm does not impose a minimum investment requirement.
Premia is a fee-only firm. None of its advisors earn commissions from third-parties. The firm earns advisory fees directly from clients and is therefore not subject to a potential conflict of interest.
Premia Global Advisors Background
Premia Global Advisors has been around since its founding in 2016. It is one of the younger firms on our Coral Gables list. The firm was founded by Miguel Sosa, who is also owner and operator. He is a certified investment management analyst (CIMA).
Premia provides its clients with comprehensive wealth management services. This means that investment portfolio management and financial planning are most often rolled into one. The firm provides portfolio management services primarily 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, advisors at Premia typically use equities, fixed income securities, mutual funds, exchange-traded funds (ETFs) and alternative investment products to build portfolios. They also tend to take a long-term approach to investing.
PGI Wealth Management
PGI Wealth Management works with non-high-net-worth and high-net-worth individuals, as well as pension and profit sharing plans.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions. PGI's fiduciary duty requires advisors to act in the best interests of their clients.
The firm typically does not impose a minimum account requirement for its advisory services. However, clients are charged investment management fees that are based on a percentage of assets under management up to 2%.
PGI Wealth Management Background
Founded in 2018, Philip James Wealth Management, LLC D/B/A PGI Wealth Management. The firm is principally owned by Nicholas McElroy and Todd McElroy.
PGI Wealth Management Strategy
PGI manages and evaluates portfolios based on client investment goals and objectives. The firm’s wealth management philosophy focuses on asset allocation, diversification, cost minimization and long-term investing.
- Financial and retirement planning
- Investment management
- Estate and legacy planning
- Insurance planning
Millares Asset Management
Millares Asset Management, LLC (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.
The team at MAM features two certified public accountants (CPAs), two personal financial specialists (PFS) and one certified financial planner (CFP). This is a fee-only firm.
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.
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 mutual funds and exchange-traded funds (ETFs). 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.
Loyola Asset Management
Loyola Asset Management, LLC works with non-high-net-worth and high-net-worth individuals, as well as pooled investment vehicles and corporations. The minimum account size at Loyola is generally $100,000.
Loyola is a fee-based firm, as some of the firm's advisors can earn commissions from selling securities or insurance products. Despite the potential for a conflict of interest to arise, the firm is still bound by fiduciary duty and is legally obligated to act in the best interests of clients at all times.
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. He also serves as president and is a certified investment management analyst (CIMA).
Loyola works with clients to provide them with both investment supervisory services and financial planing services. It also may delegate certain reponsibilities to third-party managers. It manages account primarily on a discretionary basis.
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. They use charting analysis, fundamental analysis, technical analysis and cyclical analysis to inform investment decisions.
Cathy Pareto and Associates
Cathy Pareto and Associates, Inc. rounds out our list. It provides wealth management, financial planning and portfolio management services to a diverse group of clients, primarily individuals who are and aren’t high net worth. It also provides services to pension and profit-sharing plan participants and charities.
The team has four certified financial planners (CFPs) and one certified public accountant (CPA). It functions as a fee-only advisory firm. This means the advisors earn compensation from you solely for the services they provide to you. It doesn’t earn commissions or other kickbacks for selling securities or insurance products like annuities or making specific recommendations.
Cathy Pareto and Associates Background
The firm has been providing investment advisory services since 2008. It’s owned solely by Cathy Pareto. The firm offers portfolio management services and financial planning.
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 market and economic conditions and make changes to your asset allocation if deemed necessary.
The firm typically invests client assets across no-load institutional funds and exchange-traded funds (ETFs). 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.