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Top Financial Advisor Firms in Delaware

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by Chris Thompson Updated

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 financial advisor matching tool that can easily pair you with as many as three nearby advisors based solely on your answers to a few financial questions.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Lau Associates, LLC Lau Associates, LLC logo Find an Advisor

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$637,000,000 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Tax return preparation and bill pay service

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Tax return preparation and bill pay service
2 Daniels + Tansey, LLP Daniels + Tansey, LLP logo Find an Advisor

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$366,079,500 $500,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Consultation
  • Expert witness
  • Litigation support

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Consultation
  • Expert witness
  • Litigation support
3 Crowley Wealth Management, Inc. Crowley Wealth Management, Inc. logo Find an Advisor

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$248,390,900 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management

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4 Westover Capital Advisors, LLC Westover Capital Advisors, LLC logo Find an Advisor

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$237,120,700 No set account minimum
  • Financial planning services
  • Portfolio management
  • Consulting

Minimum Assets

No set account minimum

Financial Services

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

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$224,612,900 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

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

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$223,366,400 $400,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

$400,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
7 Mallard Financial Partners, Inc. Mallard Financial Partners, Inc. logo Find an Advisor

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$173,403,400 No set account minimum
  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops
8 Donald W. Nicholson & Associates, LTD Donald W. Nicholson & Associates, LTD logo Find an Advisor

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$164,541,900 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Publication of periodicals or newsletters

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Publication of periodicals or newsletters
9 McDermott Advisory Group, LLC McDermott Advisory Group, LLC logo Find an Advisor

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$148,200,600 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
10 Investment Management & Planning, LLC Investment Management & Planning, LLC logo Find an Advisor

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$143,363,800 Varies based on account type
  • Financial planning services
  • Portfolio management

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management

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.

Lau Associates, LLC

Lau Associates, LLC

With $637 million in client funds, Lau Associates, LLC has nearly double the assets under management (AUM) of the next firm on this list, Daniels + Tansey, LLP. Surprisingly, just about 150 clients make up this firm’s overall client base, with around two thirds of those individuals having a high net worth. The firm also works with businesses, estates, trusts and charities.

There is no minimum account size needed to join Lau, and its fee structure is just as forgiving. In fact, it will only charge clients fixed-rate fees, whereas most competitors will charge these, along with fees based on a percentage of your assets under management and hourly rates.

Working at this fee-only, Greenville-based firm are six certified financial planners (CFPs), two certified public accountants (CPAs), one chartered financial analyst (CFA), one chartered mutual fund counselor (CMFC) and one accredited estate planner (AEP).

Lau Associates, LLC Background

Lau Associates, LLC in its current form opened its doors in 2005. However, the firm can trace its roots back to 1985, under the name Lau & Associates, Ltd. Bryn Mawr Bank Corporation owns the firm.

While Lau offers general investment management and financial planning, it does have some more specific options that might fit well with what you’re looking for. For example, the firm can handle tax management/mitigation, cash flow planning, insurance review, business financial management, estate planning, retirement planning, tax preparation and bill payments.

Lau Associates, LLC Investing Strategy

The central focus of Lau Associates is to help its clients grow their financial life in the long run. However, it does employ some short-term investment strategies to help clients meet their liquidity and possible income needs. In general, these include buying and selling securities within a year’s time, rather than extreme short selling.

Although admittedly riskier than similar strategies, this firm does occasionally employ options transactions.

Daniels + Tansey, LLP

Daniels + Tansey, LLP

With a $500,000 client account minimum, Daniels + Tansey, LLP has the highest minimum of any firm on this list. The firm primarily works with individuals, both high-net-worth and now, along with pension/profit-sharing plans, estates, trusts, businesses and charitable organizations.

Three certified public accountants (CPAs) and two chartered financial analysts (CFAs) are employed by Daniels + Tansey, LLP The firm calls Wilmington home.

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 it a legal fiduciary, binding its advisors to act in your best interest.

Daniels + Tansey, LLP Background

Founded in 2004, Daniels + Tansey, LLP is an independently-run financial advisor firm. Partners DeVon Daniels, Susan Benson, Adele McIntosh and Christopher Daniels split its ownership.

This firm makes its services extremely non-specific, as it claims to be able to match a client’s needs to any of its offerings. As an organization, it advises through five main services: wealth management, investment advisory, multi-family office, financial planning and matrimonial financial planning.

Daniels + Tansey, LLP 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, Inc.

Crowley Wealth Management, Inc.

Even with nearly $280 million in AUM, Crowley Wealth Management, Inc. currently has no high-net-worth clientele. These individuals make up the vast majority of who the firm works with, though it can also manage funds for estates, trusts, pension/profit-sharing plans, businesses and charities.

Crowley is tied for the smallest advisory staff on this list at just two members, both of whom are certified financial planners (CFPs). It is a fee-only firm located in Wilmington and has no account minimum.

Crowley Wealth Management, Inc. Background

Principals Frederick and Robert Crowley aren’t just co-owners of Crowley Wealth Management, Inc.; they’re also brothers. This duo has spent well over 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, Inc. Investing Strategy

Crowley Wealth 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, LLC

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 just about the same amount of high-net-worth individual clients at this firm as there are non-high-net-worth counterparts. Estates, trusts, charitable organizations, foundations and pension/profit-sharing plans are also welcome at this firm. The firm has just one advisor certification to its name: a chartered financial analyst (CFA).

Westover Capital Advisors, LLC Background

Father and son Harold Murray Sawyer, Jr. and Harold Murray Sawyer III are the president and vice president of Westover Capital Advisors, LLC. The Sawyers combine to own 100% of this firm that 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, LLC Investing Strategy

Many firms will shut out the notion of using short-term investment strategies, as they’re generally riddled with volatility. But Westover Capital combines the principles of long- and short-term investing to attempt to match the risk tolerance, time horizon and liquidity needs of clients.

Westover is unafraid to 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 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 claims to work with corporations, trusts and retirement plans.

If you work with this firm, you’ll find one chartered financial analyst (CFA), one certified financial planner (CFP), one accredited investment fiduciary (AIF), certified investment management analyst (CIMA) and one certified 401(k) professional (C(k)P) at your service.

As a fee-based firm, some of Newton’s advisors make extra commissions off of selling insurance policies. 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 like it does today since just 2014, making it the youngest firm on this list. The firm’s predecessor was opened in 2001, though, by H. Thomas Hollinger, its president and CEO with over 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, pension consulting and more.

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 spread your finances out across various areas of the market that are unrelated to one another, avoiding making your portfolio’s health reliant on a single sect.

Mutual funds and ETFs are inherently diversified because they are indexed, meaning they’re already spread across a market. It should come as no surprise that Newton One will likely use solely these to fill out your account.

Wealth Management Group

Wealth Management Group

$400,000 in investable assets is required by Wealth Management Group to begin an advisory relationship, placing it second to only Daniels + Tansey, LLP on this list. Its individual clientele is comprised of nearly four non-high-net-worth clients for every one high-net-worth counterpart. Pension/profit-sharing plans, businesses and charitable organizations will also find services at this firm.

This fee-only firm in Dover otherwise has a pretty typical setup. Its advisory staff boasts four certified public accountants (CPAs) and one certified plan fiduciary advisor (CPFA).

Wealth Management Group Background

Wealth Management Group is a largely employee-owned firm, as all but one of its advisors hold a stake in the company. It has been in business since 2001.

Rather than hone in on the exact needs of potential clientele, this firm chooses to take a more holistic approach to advising. For example, 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

WMG 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. WMG explicitly says it will generally accomplish this by investing in mutual funds and fixed income securities, along with occasional ETFs.

Mallard Financial Partners, Inc.

Mallard Financial Partners, Inc.

Mallard Financial Partners, Inc. employs an advisory team that has the widest array of certifications on this list. These include five certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered financial consultant (ChFC), one investment advisor certified compliance professional (IACCP), one certified financial education instructor (CFEI), one financial paraplanner qualified professional (FPQP) and one accredited asset management specialist (AAMS).

A fee-only firm based out of Newark, Mallard Financial has no minimum account size. Aside from individuals, it manages funds for family trusts/estates, small businesses and nonprofit organizations.

Mallard Financial Partners, Inc. Background

Director of investments Paul Baumbach is the sole owner and founder of Mallard Financial Partners, Inc. Baumbach’s firm has been active and managing client assets since 2003.

Mallard checks off all the typical boxes of advisory services, like education cost planning, estate planning, insurance review, cash flow planning, tax planning and investment management. However, it also offers more exploratory services, which could be invaluable for anyone who needs to identify how they can improve their financial situation.

Mallard Financial Partners, Inc. Investing Strategy

While Mallard is opposed to utilizing higher-risk, shorter-term investments within its clients’ portfolios, the firm recognizes that this must be done in moderation. To ensure that this strategy is well-balanced, it also uses cash and bond investments to counteract.

The firm takes more steps as well, incorporating global diversification too. This massively widespread strategy is extremely valuable, as it allows a portfolio to avoid being reliant on one area of the market, no matter how consistent and beneficial it appears to be for now.

Donald W. Nicholson & Associates, LTD

Donald W. Nicholson & Associates, LTD

Donald W. Nicholson & Associates, LTD primarily conducts business in Wilmington, and is a fee-only operation. The non-high-net-worth individual clientele of this firm nearly doubles that of the high-net-worth client base. However, pension/profit-sharing plans, estates and trusts are also welcome here.

You are not required to have any specific level of investment assets prior to starting a portfolio with this firm. It currently has no advisory certifications to its name.

Donald W. Nicholson & Associates, LTD Background

As you might expect, Donald W. Nicholson & Associates, LTD is wholly owned by none other than firm president Donald W. Nicholson. He started this business in 1987.

A “comprehensive financial review” is at the heart of the beginning of your relationship with this firm. Based on this, it will recommend services, such as personal budgeting, investment planning, tax management, estate planning, business planning, insurance planning and net worth analysis.

Donald W. Nicholson & Associates, LTD Investing Strategy

Rather than use an overarching investment strategy, Donald W. Nicholson & Associates, LTD creates specific strategic plans just for each client. These are based not only on risk tolerance, but also your time horizon, need for liquidity and overall financial objectives.

For most clients, though, this will mean a long-term approach is utilized, with short-term strategies sprinkled in as necessary to meet liquidity and cash requirements. If you’d prefer this be avoided in your situation, the firm can accommodate you.

McDermott Advisory Group, LLC

McDermott Advisory Group, LLC

With around only $150 million in assets under management (AUM), it’s no surprise that McDermott Advisory Group, LLC has only two advisors. Between these employees, though, are six certifications: two certified financial planners (CFPs), one accredited investment fiduciary (AIF), one chartered financial consultant (ChFC), one certified trust and financial advisor (CTFA) and one chartered mutual fund counselor (CMFC).

The majority of McDermott Advisory’s client base is made up of individuals without a high net worth. The Wilmington-based firm also accepts relationships with estates, trusts, charities, and pension/profit-sharing plans.

Certain advisors are this fee-based firm sell commissioned insurance policies. Should you purchase one, they may make extra money, though it’s registered as a fiduciary with the SEC.

McDermott Advisory Group, LLC Background

CCO, managing member and founder Daniel McDermott owns 100% of McDermott Advisory Group, LLC. The firm has been around since 2006.

Retirement services are at the heart of the advising of this firm, as it handles the needs of both plan sponsors and participants, including at the corporate level. Aside from this area of focus, McDermott Advisory also does long-term financial objective planning, tax planning, risk/insurance management and investment management.

McDermott Advisory Group, LLC Investing Strategy

McDermott Advisory Group, LLC combines three main principles to create client portfolios: option writing, long-term investment purchasing and strategic asset allocation. Long-term investing and strategic allocations fit together perfectly, as a diversified asset allocation mixed with evergreen investments present a safe, but reliable way to grow your assets.

On the other hand, option-writing is far riskier. The firm has specifically stated, though, that these will only be used in certain situations that typically don’t arise very often.

Investment Management & Planning, LLC

Investment Management & Planning, LLC

For a firm with $143 million in assets under management (AUM), Investment Management & Planning, LLC has plenty of clients -- more than 300, in fact. This is perhaps because of its variable account minimum, which ranges from $10,000 to $250,0000 depending on the style of account you’re seeking. Such a setup is very conducive to attracting all tiers of individual clientele.

Three certified financial planners (CFPs), one chartered financial consultant (ChFC), one accredited estate planner (AEP), one graduate estate planning consultant (GEPC), one chartered mutual fund counselor (CMFC) and one chartered retirement planning counselor work at this firm in Greenville.

Advisors at this fee-based firm may sell your insurance policies that result in commissions for them. However, this firm is a registered fiduciary with the SEC, legally binding it to act in your best interest at all times.

Investment Management & Planning, LLC Background

President Howard C. Richardson founded Investment Management & Planning, LLC in 2002, and remains owner to this day. Beyond just this firm, Richardson has over 20 years experience in financial advising.

Rather than build a portfolio of investment services prior to client engagement, this firm specializes in comprehensively creating financial and investment plans for all of its clientele. This reactionary system allows your needs to be tailored to exactly as you envision them.

Investment Management & Planning, LLC Investing Strategy

Investment Management prides itself on being the watchful eye looking over the health of your portfolio at all times. That means that rebalancing is an essential part of the ideology of this firm and shows its ability to alter its portfolio plans for the good of your funds.

When it comes down to favorite investments of the advisors at this firm, ETFs, options, mutual funds, individual stocks and individual bonds all fit the bill. These won’t all be included within your portfolio, as the firm’s advisors make final decisions based only on your personal needs.

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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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