Finding the Top Financial Advisors in Coral Gables, FL
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.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Firestone Capital Management, Inc. Find an Advisor||$448,230,000||$500,000|| || |
|2||Kirtland Financial Management, Inc Find an Advisor||$500,000|| || |
|3||Aston Capital Management Find an Advisor||$249,828,450||$100,000 to $5,000,000|| || |
Minimum Assets$100,000 to $5,000,000
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|4||Millares Asset Management, LLC Find an Advisor||$111,201,000|| |
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|5||Cathy Pareto and Associates, Inc Find an Advisor||$122,917,645||$500,000|| || |
How We Found the Top Financial Advisors in Coral Gables, FL
We conducted research on every financial advisory firm in Coral Gables, Florida that is registered with the Securities and Exchange Commission (SEC) and formed a list. We then removed the firms that faced disciplinary action in the past 10 years or whose individual accounts make up less than half of their client base. Finally, we ranked the top five financial advisor firms in Coral Gables based on assets under management (AUM), from largest to smallest.
Firestone Capital Management, Inc.
Firestone Capital Management (FCM) tops our list with more than $448 million in assets under management. This firm offers a range of services including portfolio management and financial planning around retirement, estates, trusts and more.
The client base is almost evenly split between individuals who have a high net worth and those who don’t. The firm also extends services to pension and profit-sharing plans, charitable organizations and corporations.
To open an account with FCM, you’d need a minimum investment of $500,000. 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.
The firm’s team features five certified financial planners (CFPs), three chartered financial analysts (CFAs) and one registered paraplanner (RP).
Firestone Capital Management Background
FCM formed in 1997. It’s currently owned by Jack M. Firestone, Carol G. Kaufman, Carlos A. Carbonell and Anthony E. Poppe. All still serve as advisors.
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
FCM 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, Inc
Kirtland Financial Management (KFM) is a financial advisory company with more than $255 million in assets under management (AUM). It provides portfolio management and financial planning services to a diverse clientele that includes high-net-worth individuals as well as their trusts and estates. The firm also works with charities and pension and profit-sharing plans.
To open an account with the firm, you’d need a minimum investment of $500,000. The advisory works on a fee-only 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 may be registered to sell securities like mutual funds or insurance products and may earn commissions and other compensation through such transactions in their individual capacities.
The team at KFM 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.
Kirtland Financial Management Background
KFM has been a registered investment advisor since 1999. It specializes in 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
KFM generally deploys a long-term, growth-oriented investment strategy requiring a minimum five- to ten-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.
Aston Capital Management
Aston Capital Management holds nearly $250 million in assets under management. The firm primarily works with high-net-worth individuals. Account minimums range from $100,000 to $5 million, depending on the program you choose.
Aston functions on a fee-only basis. However, some of its members may be registered to sell securities on a sales commission basis.
Aston Capital Management Background
Aston Capital Management was formed in 2015. It’s currently owned by Luis Vicente d’Amato. The firm mainly specializes in portfolio management, but it can provide financial planning services on request. These can touch on several topics including trust and estate planning as well as retirement planning.
Aston Capital Management Investment Strategy
Aston aims to build individual portfolios based on factors such as time horizon and investment goals. It mainly focuses on the long term. Aston builds globally diversified portfolios with securities like domestic and foreign equities as well as fixed-income securities.
Millares Asset Management, LLC
Millares Asset Management (MAM) is a financial advisory firm with more than $125 million in assets under management. It works primairly with high-net-worth individuals. To receive portfolio management services, you’d need a minimum investment of $1 million.
The team at MAM features two certified public accountants (CPA) and one certified financial planner (CFP).
Millares Asset Management Background
In business since 2007, MAM is a family shop. Maria Millares, Ruben Millares and Javier Millares currently own the firm. They all still work for the firm.
Millares Asset Management Investment Strategy
MAM 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.
Cathy Pareto and Associates, Inc
Cathy Pareto and Associates holds more than $122 million in assets under management. It provides wealth management, financial planning and portfolio management services to a diverse group of clients, primarily individuals who aren’t high net worth. It also provides services to pension and profit-sharing plan participants, guardianships, trusts and estates.
The team has four certified financial planners (CFPs). 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 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.