Finding a Top Financial Advisor Firm in Florida
Because a large state like Florida has a lot of financial advisor firms, it’s difficult to narrow them down and find one that meets your exact needs. So SmartAsset’s investment experts have done the hard work for you and determined the top Florida financial advisor firms. We list each firm’s fee structure, services, account minimums and more below to help you differentiate among the firms and narrow down your choices.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||WE Family Offices Find an Advisor||$10,200,640,735||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||CV Advisors, LLC Find an Advisor||$7,660,773,107||$50,000,000|| || |
|3||Csenge Advisory Group, LLC Find an Advisor||$1,611,537,425||$50,000|| || |
|4||Finaccess Advisors, LLC Find an Advisor||$4,591,321,000||No set minimum|| || |
Minimum AssetsNo set minimum
|5||Spearhead Capital Advisors, LLC. Find an Advisor||$1,323,219,527||$5,000,000|| || |
|6||Certified Advisory Corp Find an Advisor||$1,787,052,959||$500,000|| || |
|7||Lamco Advisory Services, Inc. Find an Advisor||$3,541,041,993||$1,000,000|| || |
|8||Ingham Retirement Group Find an Advisor||$2,266,282,757||$100,000|| || |
|9||Resource Consulting Group Find an Advisor||$2,193,422,143||$1,000,000|| || |
|10||CWA Asset Management Group Find an Advisor||$1,661,883,249||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Florida
To find the top financial advisors in Florida, we first identified all firms registered with the SEC in the state. Next, we filtered out firms that don't offer financial planning services; those that don't serve primarily individual clients; and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
WE Family Offices
WE Family Offices sits at the top of our Florida list. The Miami-based firm works exclusively with high-net-worth individuals. SmartAsset named this firm the top financial advisor firm in Miami.
This fee-only firm charges a minimum base annual fee of $150,000 for its family office services. It should therefore come as no surprise that WE Family Offices only serves ultra-high-net-worth and high-net-worth individuals and their families. As a comparison, most other firms on this list also work with some combination of businesses, charitable organizations and retirement plans.
At this firm you’ll find advisor certifications such as certified financial planner (CFP), certified public accountant (CPA), chartered financial analyst (CFA), chartered alternative investment analyst (CAIA) and registered investment advisor (Series 65). WE Family Offices charges performance-based fees if your portfolio exceeds projections.
WE Family Offices Background
Holding company WE Family Offices Holdings, LLC owns this firm. It was founded in 2000. Managing partners Santiago Ulloa, Maria Elena Lagomasino and Michael Zeuner have all been working in the financial services industry for several decades.
Because this is a family office, all of its services are based around comprehensive financial planning and management. Its offerings encompass succession planning, investment manager selection, service provider selection and fee negotiation, investment transaction verification and asset and investment portfolio reporting. WE Family Offices avoids providing any type of legal, tax or accounting advice.
WE Family Offices Client Experience
Given that it is a family office, comprehensiveness is paramount to how WE Family offices manages its clients’ portfolios. This process opens with a complete overview of your family’s assets, including your holdings, sources and uses of cash and any existing wealth transfer plans. This information is then paired with your family’s history, values, roles, decision-making processes, communication practices and investment goals.
An investment strategy is then built based on these familial goals, as well as your risk tolerance and any potential tax or estate planning issues. All the while, the firm will work to help your family achieve financial literacy and independence so that this plan doesn’t go to waste.
Once your advisor has implemented your plan, he or she will manage your account on a daily basis. If your family requires it, the firm can offer support to ensure that the family remains engaged in the plan. Should your financial needs or objectives change, the firm also has the ability to repurpose its plans to fit the altered circumstances.
Much like WE Family Offices, CV Advisors, LLC has an individual client base made up of high-net-worth individuals. Other institutional clients include pooled investment vehicles.
CV requires clients to have $50 million in assets to open an account. A fee-only firm, it is not engaged in any other types of financial businesses.
CV Advisors Background
CV Advisors was established in 2009, making it the one of the youngest firms on our list. The firm is owned by founding partners Elliot Dornbusch, Alexandre Mann and Matthew J. Storm.
The firm's investment advisory services include asset allocation analysis, instrument and security selection, performance reporting and portfolio monitoring. These services can be provided on both a discretionary and non-discretionary basis.
CV Advisors Investing Strategy
CV Advisors typically creates portfolios for its clients which include (but are not limited to) fixed income, securities, exchange-traded funds (ETFs), private equity funds, hedge funds, certificates of deposit (CDs), managed accounts and mutual funds.
The firm's investment philosophy prioritizes liquidity, risk management and investment cost efficiency. When providing advisory services, the firm will take into account your investment objectives, investment experience, financial situation and risk tolerance.
Csenge Advisory Group, LLC
Csenge Advisory Group manages assets primarily for high-net-worth individuals and other individual accounts, as well as pension and profit sharing plans, charitable organizations and corporations.
As a fee-based firm, some finance professionals could earn commissions on the sale of insurance and other investment products. Csenge has a fiduciary duty that requires its team to act in the best interests of their clients.
The firm generally has a minimum requirement of $50,000 to start and maintain an advisory relationship. Csenge also charges clients annual management fees that are assessed as a percentage of assets under management, which range up to 2.35%. Third-party managed program fees will not exceed 2.5%.
Csenge Advisory Group Background
Csenge was founded as a limited liability company in 2000. Founder and managing partner John Csenge is the principal owner.
The firm’s financial team holds multiple certifications, including six certified financial planners (CFPs), two financial paraplanner qualified professionals (FPQPs), one chartered financial analyst (CFA), one chartered market technician (CMT), one accredited investment fiduciary (AIF) and one certified investment management consultant CIMC).
Csenge Advisory Group Strategy
The firm offers investment advisory services through a network of independent advisory representatives. Services include wealth management, asset management, retirement planning, estate planning, insurance planning and tax planning.
Csenge works with clients to identify investment goals, objectives, restrictions, and risk tolerance to customize a portfolio and create an initial allocation that strategically complements their financial situation and personal circumstances.
Finaccess Advisors, LLC has a client base made up of individuals, high-net-worth individuals, pooled investment vehicles, charitable organizations and corporations. It is also the second firm on SmartAsset’s list of the top financial advisor firms in Miami.
The firm does not require a minimum amount of assets to open an account. Finaccess is a fee-only firm, which means its advisors do not receive transaction-based compensation.
Finaccess Advisors Background
Finaccess Advisors was established in 2009. Grupo Finaccess S.A.P.I. de C.V., a network of financial service businesses, is the primary owner of this firm.
Besides typical asset management, Finaccess Advisors offers a plethora of financial planning services. These services include retirement planning, trust planning, estate planning, education cost planning, cash flow planning and insurance review.
Finaccess Advisors Investing Strategy
While Finaccess does a lot of retirement planning, it actually makes heavy use of short-term purchasing. The firm uses short-term purchases for two reasons: to take advantage of short-term returns in the market and to accommodate investors with hefty liquidity needs.
Besides your need for liquidity, your personal risk tolerance and time horizon will also inform how your investment plan is built. The firm stresses that you can adjust your objectives at any point and rebalance your portfolio to take the changes into account.
Spearhead Capital Advisors, LLC.
Spearhead Capital Advisors manages assets primarily for individuals and high-net-worth individuals, as well as pooled investment vehicles and insurance companies.
As a fee-based firm, some finance professionals at Spearhead Capital could earn commissions on the sale of insurance and other investment products. The firm has a fiduciary duty that requires its team to act in the best interests of their clients.
Spearhead Capital generally requires a minimum of $5,000,000 to open and maintain an account.
Spearhead Capital Advisors Background
The firm was founded as a limited liability company in 2011. Spearhead Strategic Partners, LLC is the direct owner of the Spearhead Capital Advisors, LLC. And the owners of Spearhead Strategic Partners, LLC are New Vernon Financial, LLC (30%), Abstrum Partners, LLC ( 30%), Fieldstone II, LLC (30%) and SATM Holdings, LLC (10%).
The financial team holds multiple certifications, including two certified public accountants (CPAs), two private placement life insurance (PPLI) designations, one chartered financial analyst (CFA), one certified financial planners (CFP), one private placement variable annuities (PPVA), one chartered alternative investment analyst (CAIA), one certificate in investment performance measurement (CIPM) and one certified investment management analyst (CIMA).
Spearhead Capital Advisors Strategy
The firm relies on charting analysis, technical analysis, fundamental analysis, cyclical analysis, modern portfolio theory, long-term and short-term purchases, short sales, margin transactions, option writing and trading to manage and evaluate client portfolios.
Services include advanced wealth planning, investment consulting services, portfolio management services. The firm also offers structural planning, equity and debt portfolio management, alternative investment strategies, private placement life insurance (PPLI) and private placement variable annuity (PPVA) structures, among other services.
Certified Advisory Corp
Certified Advisory Corp manages assets primarily for individuals and high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations, state and municipal governments, and corporations.
As a fee-based firm, some finance professionals could earn commissions on the sale of insurance and other investment products. Certified has a fiduciary duty that requires its team to act in the best interests of their clients.
The firm generally has a minimum requirement of $500,000 to open and maintain an account. Certified also charges clients advisory and management fees that are assessed as a percentage of assets under management, which range up to 1.5%.
Certified Advisory Corp Background
Certified was founded in 1991 and founder Joseph F. Bert is the principal owner.
The firm’s financial team holds multiple certifications, including 12 certified financial planners (CFPs), 12 accredited investment fiduciaries (AIFs), two certified public accountants (CPAs) and one national Social Security advisor (NSSA).
Certified Advisory Corp Strategy
The firm offers comprehensive financial plans, including:
- Income tax, cash flow and investment plans
- Financial independence cash flow plans
- Education funding plans
- Retirement distribution analysis
- Pension maximization analysis
- Legacy planning
- Business analysis
- Risk management plans
- Capital needs analysis
- Asset allocation plans
Certified works with clients to identify investment goals, objectives, and risk tolerance to customize a portfolio that complements their financial needs strategically.
Lamco Advisory Services
Lamco Advisory Services, Inc. is a fee-only firm and is next on our Florida list. Its advisors have several advisory certifications, including certified financial planner (CFP), accredited investment fiduciary (AIF) and certified plan fiduciary advisor (CPFA).
You’ll need at least $1,000,000 in investable assets to be a client at this firm. Its clients include individuals, high-net-worth individuals, pension plans, other investment advisors, charitable organizations and corporations.
Lamco Advisory Services Background
Lamco Advisory Services was founded in 1991 and is wholly owned by The LAMCO Group, Inc. Nicholas J. Lamoriello is the CEO of Lamco Advisory Services and the president of The LAMCO Group, Inc.
The firm provides wealth planning and investment management services, as well as services for qualifying employee benefits plans like pensions or 401(k) plans.
Lamco Advisory Services Investment Philosophy
Lamco Advisory prioritizes asset allocation and a long-term perspective (at least three years) when formulating the proper investment strategy for its clients. The firm typically places funds in mutual funds, exchange traded funds (ETFs) or with separate account managers. However, the firm may also invest in individual securities, private investment partnerships and real estate transactions at the direction of the client.
Ingham Retirement Group
Ingham Retirement Group, a fee-only firm, works primarily with individuals, high-net-worth individuals and pensions plans. You’ll need at least $100,000 to be a client.
Ingham Retirement Group Background
Ingham Retirement Group, which also goes by Russell Investment Advisors, was founded in 1991. It’s a wholly owned subsidiary of Ingham & Company.
Ingham Retirement Group provides individual portfolio management, model portfolio management, pension consulting services, money manager selection and financial planning services.
Ingham Retirement Group Investment Philosophy
Ingham Retirement Group prioritizes asset allocation over security selection, attempting to determine the appropriate ratio of securities, fixed-income, and cash for each client’s investment goals and risk tolerance. The firm also stresses the importance of a long-term perspective when it comes to stable investment returns. Consequently, it doesn’t do much short-term purchasing or trading.
Resource Consulting Group
Resource Consulting Group also ranks on SmartAsset’s list of the top financial advisor firms in Orlando. It is a fee-only firm that serves both high-net-worth and non-high-net-worth individuals. Institutional clients also include pension and profit sharing plans, charitable organizations and employees.
The firm requires at least $1 million in investable assets. However, it may accept clients below that requirement. The minimum annual investment advisory fee is $9,000.
Resource Consulting Group Background
Founded in 1988, Resource Consulting Group is on the older side. Michael H. Davis, the firm’s original founder and CEO, principally owns the independent firm. He is a certified financial planner (CFP). Both AdvisoryHQ and the Financial Times ranked this firm one of the top in the nation in 2017.
When you strike up a client relationship with this firm, it starts by exploring your current financial situation and where you want to end up before you select a service. But as you and your advisor become increasingly familiar with each other, you’ll work together to create a specific financial plan to meet your needs. This differs from how many other firms operate, which typically involves the firm asking clients to first select the services they need.
Resource Consulting Group Investing Strategy
Like most firms, your personal financial objectives, risk tolerance and time horizon shape your portfolio. But where this firm begins to differ is its focus on passive investments. The investments the firm uses in its client portfolios include index funds, passive mutual funds and investment trusts.
Before it makes any specific investment decisions, the firm analyzes market data. To do this, Resource Consulting Group utilizes the services of Morningstar and DFA, which provide academic research. Factors the firm considers include a fund’s comparative performance, structure and turnover, as well as whether there are any options with low operating expenses.
CWA Asset Management Group
Capital Wealth Advisors (CWA) rounds out our list of Florida's top financial advisory firms. The firm works with high-net-worth individuals, non-high-net-worth individuals, pensions, profit sharing plans, charities, insurance companies and businesses. There is no minimum investment requirement at this firm.
The advisory team includes several certified financial planners (CFPs) and certified public accountants (CPAs). As a fee-based firm, advisors can earn commissions from third parties for selling insurance products. But those advisors are still bound to act in the client's best interest despite this potential conflict of interest.
Capital Wealth Advisors Background
CWA was founded in 2011. The principal owners of the firm are Blaine Ferguson and William Nick Beynon. and Fundamental Global Investors, LLC.
The firm provides a wide range of financial planning services and portfolio management services. However, it mainly focuses on estate planning and insurance management.
Capital Wealth Advisors Investment Strategy
CWA tailors its investment strategies based upon your financial situation, tolerance for risk and investment objectives. Advisors work with clients to develop asset allocation strategies. Advisors use a wide range of funds to build client portfolios, such as equities, fixed-income securities, mutual funds, exchange-traded funds (ETFs) and real estate investment trusts (REITs).