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Top Financial Advisors in Fort Lauderdale, FL

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Finding a Top Financial Advisor Firm in Fort Lauderdale, Florida

Choosing a financial advisor is tough. You have so many options and it can be hard to sort through them all. That’s why SmartAsset compiled a list of the top advisors in the Fort Lauderdale area. We researched each firm to give you a detailed look at the top four in your area. For more choices, use SmartAsset's free financial advisor matching tool. It will connect you with up to three local advisors.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Palisades Hudson Asset Management, LP Palisades Hudson Asset Management, LP logo Find an Advisor

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$ 1,288,639,690 $4,750 minimum annual fee
  • Financial planning
  • Portfolio management
  • Pension consulting services

Minimum Assets

$4,750 minimum annual fee

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
2 Socius Family Office, LLC Socius Family Office, LLC logo Find an Advisor

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$ 543,210,251 No set account minimum
  • Financial planning
  • Portfolio management
  • Bill pay, bookkeeping and consolidated reporting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Bill pay, bookkeeping and consolidated reporting
3 Global Wealth Management Investment Advisory, Inc. Global Wealth Management Investment Advisory, Inc. logo Find an Advisor

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$ 221,377,146 No set account minimum
  • Asset management services
  • Financial planning services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Asset management services
  • Financial planning services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

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4 Las Olas Capital Advisors, LLC Las Olas Capital Advisors, LLC logo Find an Advisor

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$ 190,118,022 $1,000,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Investment banking advice and non-transactional advice

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Investment banking advice and non-transactional advice

How We Found the Top Financial Advisor Firms in Fort Lauderdale, Florida

The firms on this list are all registered with the U.S. Securities and Exchange Commision (SEC). SEC-registered firms are fiduciaries, and are under government rules and regulations. Firms with disclosures or disciplinary issues were cut from the list. We also cut any firms that don't offer financial planning or whose client base isn't at least half individuals (as opposed to institutional investors). The remaining four are listed below, ordered from most assets under management to least. All information is accurate as of the writing of this article. 

Palisades Hudson Asset Management, LP

Palisades Hudson Asset Management, LP

At the top of the list, Palisades Hudson Asset Management, LP manages nearly $1.3 billion in assets. The fee-only firm has 16 advisors and plenty of professional certifications: 10 certified financial planners (CFPs), seven enrolled agents (EA), three certified public accountants (CPAs) and two certified value analysts (CVAs) on staff. (Advisors may have more than one credential.)

The firm doesn’t have a minimum account requirement, but it does charge a minimum annual fee of $4,750 for management services, which it may lower at its discretion. Clients include individuals, high-net-worth individuals, pooled investment vehicles, charitable organizations and corporations.

Palisades Hudson Asset Management Background

The firm was founded in 1997 by Larry M. Elkin, who continues to be the principal owner of the firm through a living trust.

The firm offers investment advisory services to individuals, trusts and other entities. It also advises retirement plans and six private equity funds. It doesn't mention financial planning in its brochure, but it does mark it as an offering in its SEC filings.

Palisades Hudson Asset Management Investing Philosophy

Palisades Hudson uses a long-term investment strategy based on asset allocation. The firm believes in determing an appropriate asset allocation based on each client's investment objectives and risk tolerance, then monitoring performance minimal interference over a period of several years.

The firm typically invests in large-cap and small-cap equities, international equities, real estate equities, natural resource equities, fixed income securities and alternative investments.

Socius Family Office, LLC

Socius Family Office, LLC

Formed in 2005, this fee-based financial advisor manages more than $543 million in assets. Socius Family Office has five advisors who include one certified financial planner (CFP) and one chartered financial analyst (CFA).

Clients are nearly evenly split between those who have high net worths and those who don't (72 to 70). Typical clients include affluent families, executives and entrepreneurs, the suddenly wealthy and athletes and entertainers. The firm also works with charitable organizations.

As its name suggests, the advisory focuses on family office services, It also provides investment management, pension consulting financial planning and recommendation of other advisors. In addition to Fort Lauderdale, Socius has an office in Sewickley, Pennsylvania.

Socius Family Office Background

Robert Konrad is co-founder and primary owner of Socius. Now, he serves as the non-executive chairman. He’s the CEO of Alterna Financial LLC, a private investment management firm that owns 50% of Socius Family Office.

Mark Baniewicz is the CEO, president, co-founder and minority owner of the firm. He has an MBA from University of North Florida and is a CFP (and a former NFL player). 

Socius Family Office Investing Strategy

Like many, if not most, firms, Socius Family Office will tailor your investments to your financial situation and objectives. It will design and implement a custom-designed portfolio and monitor it on an ongoing basis. When choosing securities, it generally uses charting/technical and fundamental methods of analysis. Long-term purchases, short-term purchases, trading, short sales, margin trading and option trading may all be part of the firm's investing strategy. 

Global Wealth Management Investment Advisory, Inc.

Global Wealth Management Investment Advisory, Inc.

Founded in 2017, Global Wealth Management is the youngest firm on the list. The firm has six advisors and more than $221 million in assets under management. 

With no set account minimum, the firm primarily works with individuals who do not have high net worths. It also serves high-net-worth indivduals, charitable organizations, corporations and other business entities. In addition to Fort Lauderdale, the practice has offices in Aventura, Boca Raton, Boynton Beach, Coral Gables, Coral Springs, Weston and Jupiter.

Global Wealth Management Background

Andrew Costa and Grant Conness are equal owners of Global Wealth Management, having founded the firm together in 2017. In addition to the two co-founders, there are four other advisors. They may be brokers and/or insurance agents, too. These non-advisor roles earn transaction-based fees, which can pose a conflict of interest. That said, as an SEC-registered firm, Global Wealth is legally required to put clients' interests first.

The firm offers portfolio management through wrap-fee programs. It also provies financial planning, trust services and risk management. 

Global Wealth Management Investing Philosophy

Global Wealth Management employs a mix of long-term purchasing, short-term purchasing and frequent trading strategies. The firm uses the strategies that it determines make the most sense for each client's risk tolerance, time horizon and investment objectives. When evaluating securities, the firm typically applies several methods of analysis, including charting analysis, fundamental analysis, technical analysis and cyclical analysis.

Las Olas Capital Advisors, LLC

Las Olas Capital Advisors, LLC

Last but not least, this fee-based advisory firm generally requires a $1,000,000 balance for investment advisory services. As a result, the majority of its clients are high-net-worth individuals, with only six non-high-net worth individual clients. Las Olas Capital Advisors also works with a few corporations.

Among the three advisors, there is one chartered financial analyst (CFA). There are also two brokers, who collect transaction-based fees. This poses a potential conflict of interest, but the firm is bound by its fiduciary duty to work in clients' best interests.

Las Olas Capital Advisors Background

Las Olas Capital Advisors was established in 2015. It's owned by TCH II, LLC and Doris Investments, LLC, which in turn is owned by Paul Tanner and Jodi Jeffreys Tanners (co-founders) and the Sembler Family Trust.

The firm offers portfolio management services through its wrap fee program. It also provides non-transactional consulting services, investment banking advice and advisory services to private funds.

Las Olas Capital Advisors Investment Philosophy

Las Olas Capital Advisors primarily uses fundamental analysis when evaluating securities. Fundamental analysis is seeks to measure the intrinsic value of a company or stock using financial and economic information.

Like many, if not most, firms, Las Olas  will customize its investment advice to each individual client’s investment objectives, time horizon and risk tolerance. As of its recent SEC filings, assets in separately managed accounts were invested as:

  • 56% in bonds
  • 19% in securities issued by registered investment companies (like mutual funds) or business development companies
  • 15% in cash and cash equivalents
  • 8% in securities issued by pooled investment vehicles
  • 1% in exchange-traded equity securities (like common stocks)
  • 1% in derivatives

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