Top Financial Advisors in Fort Wayne, IN

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First on SmartAsset’s Fort Wayne list is Phillips Financial. Founded in 2004, it’s one of the newest financial advisory firms on our list. The firm is fee-based and offers financial planning, asset management, insurance management, retirement planning assistance and more.

Phillips Financial is located on the west side of Fort Wayne on Inverness Way. 

Phillips Financial Background

Richard Phillips is the majority owner, founder and CEO of Phillips Financial. He’s worked in financial services since 1979 and is a certified financial planner (CFP).

Shannon Hardiek owns the second-largest number of company shares and is the firm’s COO. Hardiek also works as a financial advisor. 

In total, the firm currently features advisory certifications such as CFP, certified public accountant (CPA) and accredited investment fiduciary (AIF). 

Phillips Financial Investment Strategy

When you become a client, one of the first things you’ll do is answer a risk tolerance questionnaire. You’ll also discuss your current financial situation as well as your financial goals and objectives. You and your advisor will select a model portfolio that makes the most sense for your needs and your money will be invested. 

Your advisor can make adjustments to the model portfolio to more closely align to your objectives, if necessary. In general, Phillips Financial uses mutual funds and ETFs for portfolios. In some cases, individual stocks and bonds may be bought or sold, but for the majority of clients, the firm “follows an investment philosophy of passive investing,” according to paperwork filed with the SEC.

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To become a client of the Wealth Advisors Group, you’ll need at least $100,000. This fee-based firm has multiple advisors. Wealth Advisors Group has a notable amount in assets under management (AUM) and has been in business since 1991. Clients are offered the following services: financial planning, investment management, estate planning, tax planning and risk management. 

Wealth Advisors Group Background

Mark Vanderhagen, Joshen Dewald, Patrick O’Connell, Christopher Slyby and Alex Budzon own the firm. Vanderhagen serves as majority shareholder. He is a certified financial planner (CFP), accredited investment fiduciary (AIF) and has worked in the financial industry for more than 30 years. 

Other advisory certifications at the firm include investment strategist and certified divorce financial advisor (CDFA).

Wealth Advisors Group Investment Strategy

Wealth TREK is one of Wealth Advisors’ financial strategies. The firm states the “Wealth TREK method allows you to organize, coordinate and stay on top of your financial goals while planning for the future.” The process starts with goal orientation. This is where you tell your advisors your financial objectives. Step two is the “unique roadmap.” Your advisor will chart the best course of action to reach your goals. Your risk profile is the third step. You’ll be provided a personal financial risk tolerance assessment to help you find the ideal level of risk for your investments. Step four is accumulation. You’ll find out if you have enough money to do what you want, and how to reach the level you’d prefer. The penultimate step is retirement spending strategies. You’ll learn how to make a spending plan, control risk and make tax-efficient withdrawals in this phase. The final step is recalibration. This is an ongoing process of keeping your financial objectives aligned with your plan.

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Galecki Financial Management is a fee-only firm. That means advisors cannot receive compensation from selling you insurance products or mutual funds or other products. The only compensation advisors receive is from a percentage of your assets under management or fixed fees for standalone services. 

Galecki has had its doors open since 1990. There’s a minimum annual fee of $5,000 for new accounts and services offered include: asset management, financial planning, tax planning and estate planning. Galecki also specializes in medical investment advisory services. This planning and wealth management service is geared toward physicians and medical groups.  

Galecki Financial Management Background

Galecki Financial Management has several main shareholders: Greg Galecki, Albert Kohout, Brady McArdle, Melanie Colwell, Kevin Chandler, Andrew Young and Chloe Blythe. All are certified financial planners (CFPs). Colwell is a certified divorce financial analyst (CDFA), and Kohot has an MBA. 

Galecki Financial Management Investment Strategy

This firm primarily uses technical analysis to evaluate investment vehicles. While the firm provides advice on a large number of investments, in general, your portfolio will consist of exchange-traded funds (ETFs) and mutual funds. To build your portfolio, advisors will determine your financial objectives, risk tolerance, cash flow needs and time horizon. Your initial questionnaires and meetings will go over these topics so that your advisor can build a portfolio that matches your needs.

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Formed in 2017, Vestia Wealth Advisors is the youngest firm on our list of the top financial advisors in Fort Wayne. The firm primarily serves high-net-worth individuals.

Vestia's staff features such advisory certifications as certified financial planner (CFP) and certified private wealth advisor (CPWA). The latter designation is considered the step following CPA recognition. Tommy Martin, a CPWA at the firm, has been recognized by Investment News’ Top 40 Under 40 Advisors across the nation. Vestia’s staff also includes MBAs.

As a fee-based firm, certain advisors at Vestia can sell securities on a commission basis. While this induces a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests.

Vestia Wealth Advisors Background

Vestia formed as an SEC-registered advisor in 2017. It’s a subsidiary of Vestia Holdings, LLC. Shares of this parent company are owned by MD Advisory Services, LLC; CDH Financial, LLC, Parker Advisory Services, LLC; and other minority shareholders. 

Some of the firm’s representatives may be licensed insurance agents and may receive compensation for recommending insurance products. The firm notes: “Vestia Personal Wealth Advisors does not receive a referral fee from our insurance agency. Whether they are serving a client in one or more capacities, the associate will disclose in advance how they are compensated and if there is a conflict of interest involving any advice or service they provide.” 

In addition, the firm works under a fiduciary capacity. This means it’s obligated to work in your best interests ahead of its own. 

Vestia Wealth Advisors Investment Strategy

Vestia provides holistic financial planning, customized portfolio management and insurance services. It also hosts educational workshops covering an array of personal finance topics. 

The firm opens its advisory process with what it calls the Vestia Vue. This entails a one- to three-month overview of your financial situation to get a grasp of your goals and needs. It then engages in progressive planning, which includes the following objectives. 

• Leverage innovative tax strategies
• Maximize your retirement planning
• Coordinate multiple investment accounts for tax efficiency and risk
• Protect your assets from unforeseen circumstances
• Safeguard loved ones

When it comes to investing, Vestia relies on several methodologies including Modern Portfolio Theory and the Fama-French Factor Model. The latter explores behavioral finance concepts.

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This fee-only firm, in operation since 1994, has millions in assets under management. Monarch Capital Management primarily offers investment management services. It is a small firm in terms of its advisory team. When it comes to clients, Monarch works with both individual and institutional clients.   

Monarch Capital Management Background

Monarch has three owners: David Meyer, John D. Meyer and Katherine K. Moenter. David Meyer has more than 40 years of investment management experience, and has a master’s degree from Ball State University. John Meyer has over 15 years of experience and previously worked at Salomon Smith Barney and Frye-Louis Capital Management before joining the firm. Moenter runs foundation services. The firm’s additional employees have credentials ranging from a PhD from MIT to an MBA.

Monarch Capital Management Investment Strategy

Monarch builds portfolios primarily based on individual stocks and bonds. This differs from a large number of financial advisors that use mutual funds and ETFs almost exclusively (investment advice you can get by using a robo-advisor, for example, for a much lower cost). The firm aims to own these stocks and bonds for many years, with minimum turnover. The firm has four key methods to minimize risk of loss: “investing only in securities of profitable and established companies,” avoiding overpaying for stocks, diversifying and avoiding margin or leverage, according to paperwork filed with the SEC.

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Howard Bailey Securities is a fee-based firm providing several types of wealth management and asset management services to its clients. The firm serves high-net-worth individuals, individuals, estates, trusts, corporate pension and profit-sharing plans, charitable organizations, foundations, endowments, corporations, small businesses and churches.

Howard Bailey’s staff of advisors includes advisory certifications such as certified financial planner (CFP), retirement income certified professional (RICP) and chartered life underwriter (CLU).

For its advisory services, this firm charges asset-based fees, hourly fees and fixed fees. As a fee-based firm, advisors can receive commissions from selling financial products. However, as a fiduciary, the firm is legally obligated to act in the best interests of clients.

Howard Bailey Securities Background

Founded in 2016, Howard Bailey provides portfolio management, financial planning, pension consulting, selection of other advisors and sub-advisory services. Casey B. Weade serves as president. The firm became an SEC-registered investment advisor in 2019, after previously being registered with a number of individual states.

Howard Bailey Securities Investment Strategy

Howard Bailey forms its investment management decisions through modern portfolio theory (MPT), fundamental analysis and technical analysis. The firm says on its brochure that it performs its analysis by using resources like Morningstar, financial newspapers and magazines, annual reports and company press releases and websites.

Howard Bailey’s primary investment strategies are long-term purchases and short-term purchases. 

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To open an account with Dickmeyer Boyce, you only need a minimum investment of $500,000. In addition, Dickmeyer Boyce primarily works with individuals without a high net-worth. So if yours is less than $1 million, this may be the right firm to start building your wealth. In fact, the firm also advises trust funds and estates so you can begin planning to pass on your earnings to the next generation. 

Even though the firm mostly works with individuals, it also extends its services to trusts and estates. This is a fee-only firm, which means all of its compensation comes from client-paid fees.

Dickmeyer Boyce Background 

Dickmeyer Boyce was formed in 2002. The firm is owned by a handful of employees including a certified financial planner (CFP). CFP Ian D. Boyce has been in the financial services industry since 1999. 

Dickmeyer Boyce Investment Strategy

Unlike several firms on our list, Dickmeyer Boyce takes a more passive approach to investing. It avoids seeking undervalued stocks to get a greater return than the broader market. In fact, the firm says, “History shows us that attempting to time the investment market is fruitless. One cannot account for all the factors influencing the pricing of various investment options. History also shows us that the value of investments rise over the long term in spite of near term economic or political catastrophes.” 

Thus, Dickmeyer Boyce focuses on long-term investments and avoids frequent trading. It would invest in equities and fixed income securities as well as mutual funds and exchange-traded funds (ETFs) based on your risk appetite.

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The last firm on SmartAsset’s list of the top financial advisors in Fort Wayne is Compass Financial Advisors. The firm has no asset minimum for clients, but may enforce a base fee on a case-by-case basis. The fee-based firm has operated since 1998 and has several advisors on staff. Services offered include investment management, estate planning, tax planning, risk management and retirement plans, including 401(k) plans, 457s, 403(b)s and IRAs. 

Compass has two offices in Fort Wayne, Indiana and one office in Valparaiso, Indiana. 

Compass Financial Advisors Background

The firm has several owners, and they are Cliff Malings, James Bobos, David Fought and Lynn Fisel. The firm was founded in 1998, making it one of the older firms on our list. it also became an SEC-registered investment advisor in the same year. It primarily works with clients to provide asset management services and financial planning services.

Compass Financial Advisors Investment Strategy

Compass uses fundamental analysis, technical analysis, charting and cyclical analysis to evaluate securities for investment. Your financial information guides your portfolio’s asset allocation. Your net worth, financial goals, liquidity needs and risk tolerance are used to develop your investment policy statement, the document your advisor uses to choose assets for your portfolio. Compass Financial uses stocks, bonds, exchange-traded funds (ETFs), mutual funds, private placements and convertible securities when building your account.