Finding a Top Financial Advisor Firm in Coral Springs, Florida
Financial advisors can help you with various aspects of your financial life, including investing, retirement and tax planning. To help you find a financial advisor in Coral Springs, Florida, SmartAsset has created this list of the top firms in the city. Look through the details of each firm, including their account minimums, investment strategies and more, to figure out which option is best for you. SmartAsset's free advisor matching tool can connect you directly with local advisors so you can interview them and choose which one best fits your needs.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Personal Financial Profiles Inc. Find an Advisor||$290,945,711||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Fiduciary Planning, LLC Find an Advisor||$252,658,699||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Fusion Analytics Investment Partners, LLC Find an Advisor||$50,000,000||$250,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Coral Springs, 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 accurate as of the writing of this article. 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.
Personal Financial Profiles Inc.
Personal Financial Profiles, Inc. (PFP) takes the top spot on our list. The firm's services include both general investment management and financial planning services. The latter may entail advice on a variety of topics, including personal finances, insurance and estate planning, tax planning, cash flow analysis, retirement planning, education fund planning, capital needs analysis and more. Investment management services are primarily provided through the firm's Elite Account Program and Premier Account Program.
All but one member of PFP's overall client base falls into the category of either high-net-worth individual or non-high-net-worth individual. The firm's lone non-individual client is a retirement plan. In order to access PFP's investment services, you'll need a minimum account balance of $250,000 for an Elite account or a minimum account balance of $25,000 for a Premier account.
PFP is a fee-based firm, as some of its advisors can earn commissions for selling insurance or other financial products to clients. Although this creates a potential conflict of interest, the firm is still bound by fiduciary duty to act in the best interests of clients at all times.
Personal Financial Profiles Background
Personal Financial Profiles was founded in 1991, though it began operating as an SEC-registered investment advisor in 1999. David M. Maggio is the firm's sole owner, and he acts as its president and CEO. Frank T. Pugliese, the firm's founder and chairman emeritus, is a certified investment management analyst (CIMA), a certified fund specialist (CFS) and a registered financial consultant (RFC). Maggio and Pugliese have decades of financial services experience between them.
PFP has a secondary office location in Naples, Florida.
Personal Financial Profiles Investment Strategy
Advisors at PFP take a detailed look at the financial situation and investment objectives of each client in order to craft an individualized investment strategy that is designed to help them meet their goals. All investment strategies incorporate a degree of financial planning, as they look to take retirement planning, cash flow and tax minimization into account. Risk tolerance, asset allocation and time horizon are all major factors in the portfolio planning process.
When it comes to specific investment strategies, advisors tend to use both long- and short-term buy and hold tactics, along with short sales, margin transactions and option strategies. The firm's investment advice heavily relies upon behavioral analysis of markets.
Fiduciary Planning, LLC
Fiduciary Planning, LLC - sometimes known as Eaton Financial Group - is the next firm on our list, and it has no stated minimum account balance for new clients. As a result, the firm's client base consists of many individuals, the vast majority of whom do not have a high net worth. The firm also provides services to trusts, estates, corporations and business entities.
Although the firm has a relatively small staff, it boasts a few advisory certifications. These include one certified wealth strategist (CWS), one certified divorce financial analyst (CDFA) and one certified public accountant (CPA).
Fiduciary Planning is a fee-based firm, which mean some of its advisors have the opportunity to earn commissions from the sale of specific insurance products or securities. Despite this potential conflict of interest, the firm is bound by fiduciary duty to act in your best interest no matter what.
Fiduciary Planning, LLC Background
Fiduciary Planning, LLC was founded in May 2019. Thomas Schorn and Douglas Eaton are the firm's two owners, with Eaton acting as principal and Schorn holding the title of wealth advisor.
The firm provides comprehensive investment management and financial planning services to clients. Financial planning typically involves reviewing personal financial goals and objectives, as well as helping plan for retirement, taxes, mortgages, investments, education funds and more. Investment management services are provided on a discretionary basis.
Fiduciary Planning, LLC Investment Strategy
Fiduciary Planning works to formulate investment strategies for each individual client. That means portfolio plans are based on factors like risk tolerance, financial goals, liquidity needs, investment preferences and any other important characteristics. The firm uses a variety of portfolio models to help drive growth and returns in client accounts. These models typically utilize a variety of stocks, corporate and government bonds, exchange-traded funds (ETFs), mutual funds and alternative investments.
Advisors at this firm use fundamental and technical methods of analysis to figure out what investments to make on behalf of clients. It also places significant emphasis on sufficient portfolio diversification as a way of helping minimize risk and increase returns.
Fusion Analytics Investment Partners, LLC
Fusion Analytics Investment Partners, LLC is the final firm on this list. The firm only works with individuals above the high-net-worth threshold. The firm has a $250,000 minimum account balance.
This firm provides clients with a range of advisory services, from financial planning to investment management. Advisors may provide investment management on a discretionary or non-discretionary basis. Financial planning services here can cover a wide variety of topics, as the firm is open to creating financial plans for any need or goal.
As a fee-based firm, advisors at Fusion can sell certain insurance products and securities to clients on a commission basis. While this is a potential conflict of interest, the firm is a fiduciary, legally obligating it to act in the best interests of clients at all times.
Fusion Analytics Investment Partners Background
Fusion Analytics Investment Partners has been in business since 2005, though it has only held registration with the SEC since 2010. The firm is wholly owned by Fusion Analytics Holdings, LLC, which is, in turn, owned by Kevin P. Lane and Michael J. Conte. Conte is the founding partner of the firm, and he has significant financial services experience, having worked in portfolio management at Morgan Stanley and Smith Barney prior to founding Fusion.
This firm has additional offices in New York, Boston and Dallas.
Fusion Analytics Investment Partners Investment Strategy
Fusion provides clients with customized investment management services in an effort to help them reach their investment and financial objectives. Client relationships all begin with the formulation of an investment policy statements (IPS), which are meant to clearly outline the risk tolerance and time horizon, among other important factors, of each client. Clients can also impose reasonable restrictions on the management and investment of their assets.
Advisors at Fusion typically invest in any combination of the securities below. On occasion, the firm may use other investments, with methods of investment analysis including fundamental analysis, technical analysis and event analysis.
- Debt securities
- Commerical paper
- Certificates of deposit (CDs)
- Futures contracts