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Doyle Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Doyle Wealth Management is a financial advisor firm based in St. Petersburg, Florida. The firm offers a range of services to its clients, including investment management, financial planning, retirement plans, estate plans and tax plans.

Doyle Wealth Management advisors were recognized among America's Top 200 Next-Gen Wealth Advisors by Forbes from 2017 to 2019. Co-founder Robert Doyle was rated as the 10th-best advisor in the state by Barron's in 2021. 

As a fee-only firm, Doyle Wealth Management is compensated solely by client-paid fees, not commissions for selling third-party products and services. 

Doyle Wealth Management Background

Husband and wife team Robert and Jillian Doyle founded Doyle Wealth Management in 2005. They wanted to expand the wealth management offerings available to the retirement community in Florida, so they started the firm with just the two of them and $45 million in assets under management (AUM). 

Since then, the firm has grown in both size and scope, attracting the interest of CI Financial Corp., a Canadian financial services company that acquired Doyle Wealth Management after reaching a purchase agreement in late 2020. 

The team at Doyle now features seven certified financial planners (CFPs), four certified public accountants (CPAs), three chartered financial analysts (CFAs) and one personal financial specialist (PFS). Advisors may hold more than one financial certification. 

Doyle Wealth Management Client Types and Minimum Account Sizes

Doyle Wealth Management works with hundreds of clients, the overwhelming majority of whom are individuals and high-net-worth individuals. The firm also advises pensions, profit-sharing plans, charitable organizations and corporations or other businesses.

Minimum portfolio sizes are generally set at $350,000, although the firm has the right to negotiate this minimum at its sole discretion.

If you don’t meet those minimum account requirements, you can still work with Doyle Wealth Management through the firm’s Partner Program. The Partner Program is designed for individuals who are at the beginning of their wealth-building careers.

Services Offered by Doyle Wealth Management

Doyle Wealth Management offers a standard range of services to its clients, primarily portfolio management and investment planning. The firm also offers limited financial planning services, which include estate planning, cash flow planning, retirement planning and insurance analysis.

Certain services will, of course, be more applicable to certain types of clients. For instance, the firm won't offer profit-sharing plans to individuals, and it won't offer college-planning services to pension plans.

Doyle Wealth Management also offers general consulting on a project basis. 

Doyle Wealth Management Investment Philosophy

Doyle looks to deliver a combination of consistent outperformance and risk mitigation to its investors, and it does this through a combination of several strategies:

  • Equity Income: Focuses on high quality companies with a history of sustainable and growing dividends. Best for long-term growth and income investors. 
  • Select Equity: An actively managed, fully diversified equity portfolio that aims to reduce volatility on the downside. Best for growth and income investors who prefer portfolios with historically low turnover. 
  • Focused Equity: An actively managed, all-equity portfolio concentrated heavily on the firm's top investment opportunities. Best for aggressive investors seeking capital appreciation.
  • Custom Multi-Asset Class: An approach based around the client's specific goals, timeframe and risk tolerance. Best for long-term, growth and income investors. 

The firm conducts extensive research using fundamental and technical analysis to identify individual stocks, bonds exchange-traded funds (ETFs) and mutual funds that best align with the client's goals, objectives and risk tolerance. Finally, the firm seeks to diversify all its portfolios across most economic sectors. Doyle Wealth Management manages its portfolios with an eye on the long term, so it doesn’t engage in short-term practices like market timing.

Fees Under Doyle Wealth Management

For portfolio management services, fees are charged quarterly and are generally based on the rates listed in this table:

Account Size Annual Fee
First $500,000 1.20%
Next $500,000 1.00%
Next $1MM 0.90%
Next $1MM 0.75%
Balance above $3MM 0.60%

Here's what your advisory fees may look like based on the size of your account:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Doyle Wealth Management*
Your Assets Doyle Wealth Management Fee Amounts
$500K $6,000
$1MM $11,000
$5MM $39,500
$10MM $69,500

What to Watch Out For

Doyle Wealth Management does not have any disclosures of legal or regulatory violations listed on its most recent Form ADV filed with the U.S. Securities and Exchange Commission.

Doyle Wealth Management participates in the institutional advisor program offered by TD Ameritrade Institutional and may recommend its programs to clients for custody and brokerage services. Through its participation in this program, Doyle Wealth Management receives a range of economic benefits that may indirectly influence its choice of these programs over others.

All that said, the firm is bound by fiduciary duty, which means that it’s required by law to act in the best interest of its clients. So while you should be aware of the financial incentives the firm has, you can rest assured that its actions can’t be detrimental to you.

Opening an Account With Doyle Wealth Management

You can get in touch with Doyle Wealth Management by filling out the contact form provided on its website. The form requests your first and last name, email address and a brief message or question. If you’d prefer to call the firm, Doyle provides a toll-free phone number on its website as well.

Tips for Finding a Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you want to invest but you don't have quite enough in assets for a traditional advisor, you may be interested in a robo-advisor. Robo-advisors often have lower minimums and fees, but you can still earn a return on your investments and work toward your goals.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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