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Top Financial Advisors in Delaware

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Finding a Top Financial Advisor Firm in Delaware

Learning everything you can about a financial advisor and his or her firm prior to beginning your working relationship is important. To assist you in this quest for information, SmartAsset has determined the top 10 financial advisor firms in the state of Delaware. Each selection has its own benefits and shortcomings, so be sure to choose the right one for your needs. SmartAsset also provides a free financial advisor matching tool that can connect you with as many as three advisors in your area.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Affinity Wealth Management, LLC Affinity Wealth Management, LLC logo Find an Advisor

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$501,732,558 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
2 Schiavi + Datani Schiavi + Datani logo Find an Advisor

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$454,876,985 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
3 Daniels + Tansey, LLP Daniels + Tansey, LLP logo Find an Advisor

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$448,366,385 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Consultation
  • Expert witness
  • Litigation support

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Consultation
  • Expert witness
  • Litigation support

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4 Crowley Wealth Management, Inc. Crowley Wealth Management, Inc. logo Find an Advisor

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$282,576,960 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
5 Westover Capital Advisors, LLC Westover Capital Advisors, LLC logo Find an Advisor

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$278,613,700 No set account minimum
  • Financial planning
  • Portfolio management
  • Consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Consulting
6 Newton One Advisors Newton One Advisors logo Find an Advisor

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$261,370,999 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
7 Wealth Management Group Wealth Management Group logo Find an Advisor

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$244,330,998 $400,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Minimum Assets

$400,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
8 BCM Wealth Management BCM Wealth Management logo Find an Advisor

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$212,244,735 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Fee-based insurance
  • Wealth planning

 

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Fee-based insurance
  • Wealth planning

 

9 Mallard Financial Partners, Inc. Mallard Financial Partners, Inc. logo Find an Advisor

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$207,016,001 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops
10 Blue Rock Avenue One Blue Rock Avenue One logo Find an Advisor

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$205,157,136 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting

How We Found the Top Financial Advisor Firms in Delaware

The U.S. Securities and Exchange Commission (SEC) requires that all registered firms be fiduciaries, and therefore act in the best interest of clientele. Because of this association, SmartAsset has chosen to work only with and select firms that are registered with the SEC. Furthermore, if a firm didn’t offer individual account management, financial planning services or had disciplinary issues on record, we immediately removed it from contention. The firms that survived these cuts are listed below, from the most assets under management (AUM) to the least. All information is accurate as of the writing of this article.

Affinity Wealth Management

Affinity Wealth Management, LLC

Affinity Wealth Management, LLC is what we found to be the top financial advisory firm in Delaware. This large fee-based firm works mainly with non-high-net-worth individuals. It also works with handful of high-net-worth individuals, pensions, profit-sharing plans, charitable organizations, government entities and corporations. There is no set account minimum.

Some advisors at Affinity may receive commissions from the sale of insurance or securities to clients. This is what makes the firm fee-based. As a result, it is subject to a potential conflict of interest. The firm, however, is bound by fiduciary duty and is obligated to always act in the best interests of clients.

Affinity Wealth Management Background

Affinity Wealth Management was founded in 2017. It is owned by CEO James Hall, president Michael Sicuranza, member Brendan McPoyle and chief operating officer (COO) and chief compliance officer (CCO) Victoria Alexitch. Hall and Sicuranza are both certified financial planners (CFPs).

Affinity provides investment management services, financial planning services and retirement plan advisory services. It provides a wrap fee program and the vast majority of its assets are managed on a discretionary basis.

Affinity Wealth Management Investing Strategy

Investment strategies at Affinity Wealth Management are tailored to the needs of clients. This process includes creating an investment program or placing clients into a model portfolio. When it comes to creating an investment plan, advisors take into account investment goals, desired investment strategies, risk tolerance and more.

Investment portfolios typically consist of mutual funds, exchange-traded funds (ETFs), bonds, stocks, options contracts, certificates of deposit (CDs), foreign securities, real estate investment trusts (REITs) and other alternative investments. Advisors use fundamental, technical, cyclical and charting analysis methods to evaluate potential investments.

Schiavi + Datani

Schiavi + Datani

A Wilmington-based financial advisor firm, Schiavi + Dattani is next on our list. While it does not technically have a minimum investment requirement, its clients generally have at least $1 million in assets or will be reaching that level soon. Schiavi + Dattani advises mostly high-net-worth individuals, though it does also advise individual investors who don't have a high net worth. The firm also serves charities.

The advisor has a small team of advisors on staff. The advisors at the firm have amassed a number of certifications, including certified financial planner (CFP), certified public accountant (CPA) and personal financial specialist (PFS)

Schiavi + Dattanni is a fee-only firm, with fees based on a client's amount of assets under management.

Schiavi + Dattanni Background

Schiavi + Dattanni was founded by Vincent A. Schiavi in 1983. Ravi Dattani joined in 1998. Both named partners still work at the firm as advisors. The fim is independently owned.

The following services are offered by Schiavi + Dattanni:

  • Financial planning
  • Estate tax planning
  • Portfolio monitoring
  • Investment management

Schiavi + Dattanni Investing Strategy

Diversification is the most important part of Schiavi + Dattanni's investment strategy. The firm invests in stocks, bonds, mutual funds, ETFs, alternatives and other appropriate investments. It looks to establish cash flow for clients in retirement. 

With regards to mutual funds, both passively and actively managed funds are considered. Within actively managed funds, the firm uses a number of styles, market caps and investing methodologies.

Daniels + Tansey

Daniels + Tansey, LLP

With a $500,000 client account minimum requirement, Daniels + Tansey, LLP has quite a high minimum. The firm primarily works with individuals, both high-net-worth and not, along with pension and profit-sharing plans, estates, trusts, other advisors and charitable organizations.

Certified public accountants (CPAs), chartered financial analysts (CFAs), chartered financial consultants (ChFCs), certified divorce financial analysts (CDFAs) and accredited estate planners (AEPs) are employed by Daniels + Tansey, LLP. (Advisors may have multiple professional accreditations). This financial advisor firm is located in Wilmington.

This firm is fee-based, specifically because some of its advisors sell insurance policies that may result in additional commissions. It is registered with the SEC, though, making fiduciary and binding it to act in clients' best interests.

Daniels + Tansey Background

Founded in 2004, Daniels + Tansey is an independently run financial advisor firm. Partners DeVon Daniels, Susan Benson, Adele McIntosh and Christopher Daniels have ownership interests in the firm.

Daniels + Tansey, LLP offers several services: wealth management, investment advisory, multi-family office, financial planning and matrimonial financial planning.

Daniels + Tansey Investing Strategy

Daniels + Tansey purposely looks to avoid risk and volatility when selecting investments for client portfolios. This is done mostly through diversification that’s specifically chosen based on your inherent risk tolerance, need for liquidity, time horizon and other factors.

This firm invests in many different styles of securities in order to achieve optimal diversification. For example, this might include exchange-traded funds (ETFs), mutual funds, equity and index options, fixed income securities, CDs, commercial paper, warrants and foreign/domestic equities.

Crowley Wealth Management

Crowley Wealth Management, Inc.

Crowley Wealth Management, Inc. is next on our firm. Non-high-net-worth individual investors make up the entirety of the firm's client base. 

Crowley has one of the smallest advisory staffs on this list. Their team includes certified financial planners (CFPs). This fee-only financial advisor firm is located in Wilmington and has no account minimum.

Crowley Wealth Management Background

Principals Frederick and Robert Crowley aren’t just co-owners of Crowley Wealth Management; they’re also brothers. This duo has spent more than 30 years each in financial management, as they created the firm in 1980.

Crowley Wealth works in a multitude of different financial areas, such as retirement planning, wealth management, estate planning, tax management, insurance planning and cash flow management.

Crowley Wealth Management Investing Strategy

Crowley Wealth Management is not a firm that subscribes to short-term investing ideologies because of the inherent risk associated with that type of undertaking. Instead, it centers its investment choices around the long-term and very rarely makes inter-portfolio trades once it has put its original plan into place.

When it comes to actual investment types, Crowley mostly works within individual equities, bonds and mutual funds. However, its choices are not limited to just these, as ETFs, options, government securities, warrants, CDs and commercial paper may make it into your portfolio.

Westover Capital Advisors

Westover Capital Advisors, LLC

Westover Capital Advisors, LLC recommends that you have at least $1 million ready to invest prior to opening a relationship with one of its advisors. However, this is not a hard requirement, so if you have less, feel free to check it out. This firm’s headquarters is in Wilmington, and it is fee-only.

There are roughly the same number of high-net-worth individual clients at this firm as there are non-high-net-worth individuals. Estates, trusts, charitable organizations, foundations and pensions and profit-sharing plans are also served by the firm.

Westover Capital Advisors Background

Father and son Harold Murray Sawyer, Jr. and Harold Murray Sawyer III are the president and vice president of Westover Capital Advisors. The Sawyers collectively own 100% of the firm, which was established in 1999.

The advisory services available through this firm include:

  • Financial planning
  • Retirement planning
  • Insurance planning
  • Social security maximization
  • Estate planning
  • Trust planning
  • Tax minimization
  • Charitable gift planning

Westover Capital Advisors Investing Strategy

Many firms avoid using short-term investment strategies, as they’re generally riskier. But Westover Capital Advisors combines the principles of long-term  and short-term investing to attempt to match the risk tolerance, time horizon and liquidity needs of clients.

Westover will use as many investment types as necessary to flesh out its client portfolios, provided that they fit what’s needed. So be prepared to see everything from ETFs to mutual funds to options to exchange-listed securities.

Newton One Advisors

Newton One Advisors

Like the majority of firms on this list, Newton One Advisors (also known as N1 Advisors) does not impose a minimum account size. As a result, its individual client base is rather mixed and is evenly made up of clients with and without a high net worth. The firm also works with corporations, trusts and retirement plans.

As a fee-based firm, some of Newton’s advisors earn commissions from selling insurance policies or securities. Although this represents a conflict of interest, the firm is a registered fiduciary and therefore is legally required to act in your best interest. Its office is in Newark.

Newton One Advisors Background

Newton One Advisors has existed in its current form since 2014. The firm’s predecessor was opened in 2001, though, by H. Thomas Hollinger, its president and CEO who has more than 40 years experience in financial services.

The services you’ll find at this firm include retirement plan analysis, personal financial planning, financial goal creation, estate planning, insurance and risk analysis and pension consulting.

Newton One Advisors Investing Strategy

If you could break down Newton One Advisors’ strategy for investing into one word, it would be diversification. This concept is used to allocate your assets across various unrelated areas of the market so your portfolio's success is not overly reliant on any one investment or sector.

Mutual funds and ETFs are inherently diversified because they are indexed, meaning they’re already allocated across a market. Thus, Newton One primarily uses these investment types in client accounts.

Wealth Management Group

Wealth Management Group

Wealth Management Group requires a minimum investment of $400,000 in investable assets to begin an advisory relationship. Its individual client base is comprised of non-high-net-worth and high-net-worth individual clients. The firm also serves pension and profit-sharing plans, businesses and charitable organizations.

This fee-only firm has certified public accountants (CPAs) and a certified plan fiduciary advisor (CPFA) on staff.

Wealth Management Group Background

Wealth Management Group is an employee-owned firm. It has been in business since 2001.

The firm takes a holistic approach to advising. It provides services such as employee benefit plan management, budget creation, tax management, cash flow planning, retirement planning, insurance analysis and estate planning.

Wealth Management Group Investing Strategy

Wealth Management Group builds client portfolios based on the investment principles laid out by Modern Portfolio Theory. This ideology states that an increase in risk is warranted solely when there’s an apparent associated increase in return potential.

This also includes an inherent level of diversification to minimize risk-related issues even further. The firm says it will generally accomplish this by investing in mutual funds and fixed-income securities, and occasionally in ETFs.

BCM Wealth Management

BCM Wealth Management

BCM Wealth Management, also known as Biddle Capital Management, is a fee-only firm next on our list of the top financial advisors in Delaware. The firm works with pensions and profit-sharing plans, high-net-worth and non-high-net-worth individuals. There is a $500,000 minimum investment requirement but the firm may waive the requirement under certain circumstances. All accounts are discretionary.

BCM Wealth Management Background

BCM Wealth Management was founded by current President George Biddle in 1996. Biddle is an accredited investment fiduciary (AIF) and is the principal owner of the firm.

The firm provides financial planning services, investment management services, asset allocation services and pension consulting services.

BCM Wealth Management Investment Strategy

BCM Wealth Management mainly uses Modern Portfolio Theory to guide its investment strategies. Advisors also looks to diversify portfolios as much as possible in order to best mitigate risk. They also utilize fundamental analysis to evaluate investments. Long-term purchases tend to be the most common form of investment at BCM.

Mallard Financial Partners

Mallard Financial Partners, Inc.

Mallard Financial Partners, Inc. is the next firm on our list of the top financial advisory firms in Delaware. This small fee-only firm serves a rather limited client base. These clients include high-net-worth individuals, non-high-net-worth individuals and a handful of charitable organizations. There is no set account minimum required to work with the firm.

As a fee-only firm, Mallard only receive fees directly from clients for advisory services. It does not receive third-party commissions like a fee-based firm would and is therefore not subject to a potential conflict of interest.

Mallard Financial Partners Background

Mallard Financial Partners as it's known today was founded in 2013. The original firm, Mallard Asset Management Corporation, was founded in 1996 by Paul Baumbach. Next came Mallard Advisors, LLC, which was founded in 2003. The firm's advisors have a number of certified advisors on staff, including several certified financial planners (CFP).

Mallard works with its clients to provide financial planning and investment management services. Currently, all of its assets are managed on a discretionary basis. The firm has five different kinds of advisory agreements for clients:

  • Hourly or Project Planning Agreement
  • RetirementGPS Investment Advisory Agreement
  • Nonprofit Investment Advisory Agreement
  • Gold Level Investment Advisory Agreement
  • Platinum Level Investment Advisory Agreement

Mallard Financial Partners Investment Strategy

Mallard Financial Partners works directly with its clients to provide tailored investment strategies that work for them on a individual basis. Advisors and clients develop an investment policy statement that details the terms of their engagement and the objectives and preferences of the client, such as their tolerance for risk or liquidity needs.

Advisors at Mallard use charting, fundamental analysis, technical analysis and cyclical analysis to inform their investment decisions. They typically use an underlying strategy of strategic asset allocation to drive growth in client portfolios.

Blue Rock Avenue One

Blue Rock Avenue One

This Wilmington-based financial advisor firm's team includes accredited investment fiduciaries (AIFs) and certified financial planners (CFPs), among other certifications. (Advisors may have multiple professional accreditations.)

Blue Rock’s individual clients are mainly non high net worth. It works with an incredibly small number of high-net-worth investors. Investment accounts are managed on a non-discretionary basis. There is no minimum investment requirement, though some certain investments may require a minimum in order to be effective.

As a fee-based firm, certain on-staff advisors at Blue Rock may be able to earn commissions from the sale of specific securities or insurance products. While this is a potential conflict of interest, the firm is legally required to act in clients' best interests due to its fiduciary duty.

Blue Rock Avenue One Background

As mentioned earlier, Blue Rock Avenue One was established in 2018. It’s owned by co-managing partners D. Christopher Benfer and Matthew MacNeal. 

The firm offers investment management, financial planning and retirement plan advisory services. It offers a wrap fee program for certain clients, which means that it includes securities transaction fees together with its investment advisory fees as a single asset-based fee. 

Blue Rock Avenue One Investment Strategy

Blue Rock Avenue One generally uses a long-term investment strategy, depending on clients’ financial goals. This usually involves holding securities for more than a year, but may hold for shorter periods to rebalance or meet a client’s cash needs. The firm may also take short-term positions.

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 the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research