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.
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