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Top Financial Advisor Firms 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 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 Great Valley Advisor Group, Inc. Great Valley Advisor Group, Inc. logo Find an Advisor

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$ 1,440,516,713 No set account minimum
  • Financial planning
  • Investment management

  • Selection of other advisers (including private fund managers)

  • Consulting services

  • Educational seminars/workshops 

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Investment management

  • Selection of other advisers (including private fund managers)

  • Consulting services

  • Educational seminars/workshops 
2 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
3 Blue Rock Avenue One Blue Rock Avenue One logo Find an Advisor

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$ 471,000,000 No minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services

Minimum Assets

No minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services

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4 Schiavi + Datani Schiavi + Datani logo Find an Advisor

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$ 395,445,707 No set account minimum (though most clients have $1 million)
  • Financial planning

  • Estate tax planning

  • Portfolio monitoring

  • Investment management

Minimum Assets

No set account minimum (though most clients have $1 million)

Financial Services

  • Financial planning

  • Estate tax planning

  • Portfolio monitoring

  • Investment management

5 Daniels + Tansey, LLP Daniels + Tansey, LLP logo Find an Advisor

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$359,832,565 $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
6 Crowley Wealth Management, Inc. Crowley Wealth Management, Inc. logo Find an Advisor

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$244,733,519 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

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

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$228,861,727 No set account minimum
  • Financial planning services
  • Portfolio management
  • Consulting

Minimum Assets

No set account minimum

Financial Services

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

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$224,612,860 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)
9 Wealth Management Group Wealth Management Group logo Find an Advisor

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$223,366,350 $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)
10 Blue Rock Riversedge Blue Rock Riversedge logo Find an Advisor

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$210,000,000 No minimum
  • Financial planning
  • Investment management

Minimum Assets

No minimum

Financial Services

  • Financial planning
  • Investment 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.

Great Valley Advisor Group, Inc.

Great Valley Advisor Group, Inc.

Great Valley Advisor Group is a full-service financial advisor firm with no minimum investment requirements, so it's able to help all levels of investors who are looking for advice. Those using Great Valley for asset management, however, may have an account minimum, depending on which financial model is used. The majority of the Wilmington-based financial advisor firm's clients are individuals, though they do advise some high-net-worth investors and pension and profit-sharing plans. Great Valley has more than $1.4 billion in assets under management (AUM). 

There are 66 advisors at Great Valley. That includes two accredited investment fiduciaries (AIFs), two chartered financial consultants (ChFCs), one certified public accountant (CPA), one chartered financial analyst (CFA) and one chartered life underwriter (CLU).

Great Valley offers both wrap fee and non-wrap fee programs. With a wrap fee, clients pay one fee for advisory services along with other services offered. Great Valley may recommend you work with third-party administrators representing a higher potential advisory fee for the firm, which is a potential conflict of interest. The firm is still a fiduciary and must act in your best interest though.

Great Valley Background

Great Valley Advisor Group was founded in 1986, and changed its registration from the state of Delaware to the Securities and Exchange Commission in 2011. It was founded by Alan Peters and is now owned equally by Michael J. Dedda and Ryan C. Todd. Dedda and Todd both remain managing directors at the firm. Peters also still works at the firm as an investment advisor representative. 

There are a number of services offered by the firm. These include:

  • Investment management
  • Investment supervisory services
  • Retirement planning
  • Estate planning
  • Income tax planning

Great Valley Investing Strategy

Great Valley has an in-house money management program, Valor Asset Management of GVA, using assets from LPL Financial and Morningstar. There are five strategies available:

  • Anchor: a conservative, low-risk profile focused mostly on fixed-income investments
  • True North: a conservative, medium-risk style with majority fixed-income investments with a healthy dose of equities
  • Oasis: a balanced approach with medium risk; half of the investments are fixed-income, with 40% equities and the remaining split between commodities and cash
  • Windward: an aggressive, medium-risk strategy; equities represent 60% of investments, with fixed-income taking up 30%
  • Titan: a high-risk, aggressive investment strategy; 80% of investments are equities and only 10% are fixed-income

Each of these strategies is available in three styles: ETF-only, mutual-fund-only, or blend. The ETF-only style requires a minimum investment of $50,000 and the others require a minimum investment of $100,000.

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. The firm 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 four 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 use 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.

Blue Rock Avenue One

Blue Rock Avenue One

Though founded in 2018, this Wilmington-based financial advisor firm has $471 million in assets under management. Its team includes four accredited investment fiduciaries (AIFs), three certified financial planners (CFPs), one chartered financial consultant (ChFC) and one registered financial (RFC). (Advisors may have multiple professional accreditations.)

Blue Rock’s individual clients are all non high net worth. It also serves trusts, estates, businesses and retirement plans. Investment accounts are on a discretionary or non-discretionary basis. There is no minimum investment requirement, though some certain investments may require a minimum in order to be effective.

Blue Rock Avenue One Background

As mentioned earlier, Blue Rock 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 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.  As of its most recent SEC filings, Blue Rock asset allocation breaks down as:

  • 92% in securities issued by registered investment companies (such as mutual funds) or business development companies 
  • 3% in cash or cash equivalents
  • 2% in exchange-traded equity securities (such as common stocks)
  • 1% in U.S. government/agency bonds
  • 1% in state and local bonds
  • 1% in investment-grade corporate bonds

Schiavi + Datani

Schiavi + Datani

A Wilmington-based financial advisor firm, Schiavi + Dattani has more than $395.4 million in assets under management (AUM). While it does not technically have a minimum investment requirement, its full-service 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 pension or profit-sharing plans and state or municipal government entities.

The advisor has five advisors on staff. The advisors at the firm have amassed a number of certifications, including four certified financial planners (CFP), three certified public accountants (CPA) and one 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

The firm 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

Diversity 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, LLP

Daniels + Tansey, LLP

With a $500,000 client account minimum requirement, Daniels + Tansey, LLP has the highest minimum of any firm on this list. The firm primarily works with individuals, both high-net-worth and not, along with pension and profit-sharing plans, estates, trusts, businesses and charitable organizations.

Three certified public accountants (CPAs), two chartered financial analysts (CFAs), two chartered financial consultants (ChFCs), two certified divorce financial analysts (CDFAs), two accredited estate planners (AEPs) and one chartered life underwriter (CLU) 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, 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 have ownership interests in the firm.

Daniels + Tansey, LLP offers 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 more than $244.7 million in AUM, Crowley Wealth Management, Inc. currently has no high-net-worth clients. Individual investors make up the vast majority of the firm's client base, though it can also advise estates, trusts, pension and profit-sharing plans, businesses and charities.

Crowley has the smallest advisory staff on this list with just two members, both of whom are certified financial planners (CFPs). This fee-only financial advisor firm is 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 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, 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 roughly the same numberof high-net-worth individual clients at this firm as there are non-high-net-worth individuals. Estates, trusts, charitable organizations, foundations and pension and profit-sharing plans are also served by the firm. Its team has just two advisor certifications: a chartered financial analyst (CFA) and a certified financial planner (CFP).

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 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, LLC Investing Strategy

Many firms avoid using short-term investment strategies, as they’re generally riskier. But Westover Capital 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 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.

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 earn commissions from 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 in its current form since 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 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 nearly four non-high-net-worth clients for every one high-net-worth individual. The firm also serves pension and profit-sharing plans, businesses and charitable organizations.

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

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.

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.

Blue Rock Riversedge

Blue Rock Riversedge

With $210 million assets under management, Blue Rock Riversedge is tenth on this list. It is affiliated with No. 3, Blue Rock Avenue One, as the two are located in the same building in Wilmington and have their websites linked. Its team of three advisors have multiple professional accreditations: two certified financial planners (CFPs), two accredited investment fiduciaries (AIFs), two chartered financial consultants (ChFCs) and one certified divorce financial analyst (CDFA).

Clients of Blue Rock Riversedge are mostly not high net worth. The firm also serves trusts, estates, businesses retirement plans and insurance companies. It doesn’t have a minimum investment size, but certain investments and strategies may require a minimum to be effective. Accounts are on a discretionary or non-discretionary basis.

Blue Rock Riversedge Background

The boutique firm was founded in 2018 by Brian Carney and Jarrett Morris. Together, they are co-managing partners and owners.

Blue Rock Riversedge offers investment management, financial planning, retirement plan consulting and other consulting services.

Blue Rock Riversedge Investment Strategy

When designing clients’ portfolios, the firm takes into account specifics such as risk planning, accumulation/distribution planning, cash flow, tax planning, and more. It primarily uses fundamental analysis methods and employs a long-term investment strategy that involves holding all or a portion of a security for more than a year. As of its most recent SEC filings, its assets under management were distributed as:

  • 75% in exchange-traded equity securities (such as common stocks)
  • 10% in securities Issued by registered investment companies (such as mutual funds) or business development companies
  • 6% in non-exchange-traded equity securities
  • 4% in cash and cash equivalents
  • 2% in state and local bonds
  • 1% in U.S. government and agency bonds
  • 1% in investment-grade corporate bonds 
  • 1% in non-investment-grade corporate bonds 

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