Finding a Top Financial Advisor Firm in Glastonbury, Connecticut
If you’re searching for a financial advisor to work with, there are many considerations to take into account. SmartAsset put together the following list of the top financial advisors firms in Glastonbury, Connecticut to help you compare all of the options available to you. If you prefer a more tailored recommendation, the SmartAsset financial advisor matching tool can set you up with as many as three financial advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Symmetry Partners Find an Advisor||$5,257,000,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||AdviceOne Advisory Services, LLC Find an Advisor||$766,647,130||$25,000|| || |
|3||Apella Capital Find an Advisor||$549,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Rossmore Private Capital, LLC Find an Advisor||$433,908,517||$1,000,000|| || |
|5||Mark Sheptoff Financial Planning, LLC Find an Advisor||$315,550,444||$250,000|| || |
|6||Wooster Corthell Wealth Management, Inc. Find an Advisor||$271,040,121||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Briggs Wealth Management, Inc. Find an Advisor||$144,884,615||$1,000,000|| || |
|8||Mariner Financial Group, LLC Find an Advisor||$113,300,575||$250,000|| || |
How We Found the Top Financial Advisor Firms in Glastonbury, Connecticut
Only firms that are both registered with the U.S. Securities and Exchange Commission (SEC) and located in Glastonbury were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that either didn’t offer financial planning services, didn’t manage individual accounts or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Symmetry Partners is a massive financial advisory firm that boasts $5.25 billion in assets under management (AUM). In fact, the firm also claims the top spot on SmartAsset’s list of the top financial advisor firms in Connecticut. The fee-only firm employs eight financial advisors, including two chartered financial analysts (CFAs), one chartered alternative investment analyst (CAIA) and one advisor with a certificate in investment performance measurement (CIPM).
Although Symmetry has more than 200 high-net-worth individual clients, its main area of focus is individuals that come in beneath the high-net-worth threshold. The firm also manages the assets of trusts, charitable organizations, pension and profit-sharing plans, businesses, government entities and the Symmetry Panoramic Funds, a collection of mutual funds.
The minimum initial investment requirements at Symmetry can vary. They go as follows:
- Mutual fund-based portfolios: $10,000
- Exchange-traded fund (ETF)-based portfolios: $25,000
- AltAxis (equity and fixed-income-based) portfolios: $25,000
Symmetry Partners Background
Symmetry’s principals David E. Connelly Jr. and Patrick A. Sweeny co-founded the firm in 1994, making it the second-oldest firm on this list (behind only Wooster Corthell Wealth Management, Inc.). Connelly and Sweeny are also the firm’s sole independent owners.
Symmetry Partners has a selection of nearly 10 investment management programs that it enrolls its clients in. The securities and strategies used within these programs are different depending on the client’s ultimate goals. The firm’s financial planning services include a proprietary retirement planning program, tax planning, cash flow planning, investment planning and more.
Symmetry Partners Investing Strategy
Symmetry Partners utilizes two main investment strategies that clients are paired with based on their personal needs:
- Equity strategies: These stock-based models look to diversify your assets not only across multiple domestic markets, but international markets as well.
- Fixed-income strategies: Portfolios using these strategies will consist of mostly municipal bonds. Symmetry does this because it believes the tax-exempt feature of these securities will ultimately be beneficial to you.
AdviceOne Advisory Services, LLC
AdviceOne Advisory Services, LLC is significantly smaller than Symmetry Partners, but it still manages almost $675 million in client assets. The firm calls for a $25,000 minimum account size. About 85% of the firm’s client base consists of individuals. High-net-worth individuals, businesses and non-profit organizations like churches work with the firm as well.
The 10-person team of advisors at AdviceOne have the largest number of advisory certifications on this list. There are five certified financial planners (CFPs), two chartered financial consultants (ChFCs), one chartered life underwriter (CLU) and one registered financial consultant (RFC).
Some of the advisors who work at this fee-based firm can earn commissions from the sale of insurance products or securities. While this represents a potential conflict of interest, AdviceOne abides by fiduciary duty, which means it must act in your best interest at all times.
AdviceOne Advisory Services, LLC Background
AdviceOne’s president and chief compliance officer (CCO) Michael P. Grossman established the firm in 1999 after a decade of working in financial services. Grossman is the whole owner of AdviceOne Advisory Services, making it an independent firm.
Investment advisory and financial planning are the two pillars of AdviceOne’s services. If you’re interested in both, the firm has its wealth management service. This is a holistic program that is meant to combine your investment needs with your current and future financial goals.
AdviceOne Advisory Services, LLC Investing Strategy
In an effort to create balanced investment plans, AdviceOne simultaneously builds two portfolios for each client. One is focused on fixed-income securities, whereas the second one is tailored to equities. As you might expect, the purpose of the fixed-income portfolio is to provide income to investors. Conversely, the stock-based portfolio looks to achieve strong, risk-adjusted returns.
Rather than invest directly in specific stocks and bonds, AdviceOne utilizes open-ended mutual funds to gain exposure to these securities. When selecting which funds will occupy a spot in your portfolio, the firm will diversify across asset classes as much as possible.
If you don’t have a lot of money to invest, Apella Capital might be a good choice for you. The firm has a client base that’s dominated by non-high-net-worth individuals, but it also includes high-net-worth individuals, businesses, pension and profit-sharing plans, trusts, charitable organizations and government entities. In addition, Apella has no minimum opening investment requirements.
This fee-based firm has 13 financial advisors in its offices. Within this group, there are three certified financial planners (CFPs). While some of these advisors can sell insurance products for a commission (which can be considered a conflict of interest) the firm still abides by fiduciary duty. That means its advisors must act in your best interest no matter what.
Apella Capital Background
Apella Capital is under the ownership of David E. Connelly Jr. and Patrick A. Sweeny. This duo also owns Symmetry Partners, the top firm on this list. While each of these firms are distinctly independent from one another, Apella does use some of Symmetry’s portfolio models. Apella has been in business since 2013.
Clients interested in investment management will find plenty of services at Apella. The firm has created a few different portfolio model strategies that it can implement based on your needs. Financial planning services are available too, including retirement planning, tax planning, risk management, insurance planning, estate planning and more.
Apella Capital Investing Strategy
In order to customize a portfolio to the needs of each client, Apella Capital will discuss your risk tolerance, time horizon and investment objectives the first time you meet. This will allow your advisor to build a comprehensive investor profile that will eventually dictate your portfolio’s complexion.
Once your assets are invested according to your prespecified needs, the firm will monitor and rebalance your investments as necessary. You’ll also have the opportunity to set up periodic in-person meetings with your advisor to discuss things at a deeper level.
Rossmore Private Capital, LLC
Rossmore Private Capital, LLC employs three financial advisors that handle its $433 million in client assets under management (AUM). The small team at this fee-only firm have three certifications between them, including two certified financial planners (CFPs) and one chartered financial analyst (CFA).
You’ll need at least $1 million in investable assets to become a client of Rossmore. As a result, the firm’s most common clients are high-net-worth individuals. Individuals, trusts, private foundations and pension and profit-sharing plans round out the firm’s client base.
Rossmore Private Capital, LLC Background
Founded in 2017, Rossmore Private Capital is tied with Mariner Financial Group, LLC for the title of youngest firm on this list. The firm is owned by a combination of three principals: Matthew Maclean, Brian Sheehan, and Alex Gomez.
Investment advisory is the premier service at Rossmore, but the firm does have a rather robust selection of financial planning and family office services. For example, you can utilize its retirement planning, tax planning, debt management, education fund planning and estate planning services.
Rossmore Private Capital, LLC Investing Strategy
Although Rossmore creates its portfolios according to clients’ needs, the firm generally adheres to a long-term time horizon. Therefore, the vast majority of its investment decisions will reflect that affinity.
To do this, the firm will ensure that your invested assets are well-diversified to hedge against market downturns. In addition, Rossmore scours the investment sphere for opportunities to invest in mispriced or undervalued securities.
Mark Sheptoff Financial Planning, LLC
Mark Sheptoff Financial Planning, LLC is one of just two firms on this list that only has single financial advisor working in its offices - in this case, founder Mark Sheptoff. Sheptoffr holds certified public accountant (CPA) and personal financial specialist (PFS) designations. The firm abides by a fee-only fee schedule.
Even though Mark Sheptoff Financial Planning lacks significant manpower, it manages the accounts of around 250 clients. Of this client base, most are individuals, but high-net-worth individuals, charitable organizations, businesses and pension and profit-sharing plans are present as well. The firm’s minimum initial investment is $250,000.
Mark Sheptoff Financial Planning, LLC Background
Mark Sheptoff Financial Planning was founded by Mark Sheptoff in 1997. Sheptoff is a 40-year veteran of the financial services industry. The firm is independently-owned entirely by Sheptoff.
Individual investment portfolio management and financial planning services are the hallmark of this firm’s services. Clients will have access to personalized investment plans, as well as retirement planning, insurance planning, tax management, cash flow planning and more. In some cases, the firm provides consulting services.
Mark Sheptoff Financial Planning, LLC Client Experience
When you become a client, the first thing you’ll do is evaluate your investor characteristics with your advisor. The most important of these is your risk tolerance, which will eventually dictate what kinds of returns you can expect to receive. Depending on your financial objectives, your time horizon will have a varying effect on your portfolio’s composition. Your stated need for liquidity will have similar repercussions, as a client looking for income will likely need a portfolio that includes stocks that pay dividends.
Wooster Corthell Wealth Management, Inc.
There are no minimum account size requirements at Wooster Corthell Wealth Management, Inc. In turn, the firm’s client base is rather varied. It works with individuals and families - both with and without a high net worth - as well as small businesses, retirement plans, trusts and charitable organizations.
The three-person advisory staff at this fee-only firm manage over $270 million in client assets. They do not, however, hold any advisory certifications.
Wooster Corthell Wealth Management does not have a website, so you’ll need to call or visit the firm to learn more about it.
Wooster Corthell Wealth Management, Inc. Background
No firm on this list has been in business longer than Wooster Corthell Wealth Management, as it was created in 1992. The firm’s founder is Alan D. Wooster, and he is still the principal owner and president.
The firm offers investment supervisory and asset management services. Each client portfolio is tailored to their specific needs.
Wooster Corthell Wealth Management, Inc. Investing Strategy
For the most part, Wooster Corthell Wealth Management believes that passive investing is the way to go. The firm consequently invests heavily in index funds and ETFs, which tend to provide built-in diversification and little (if any) active management.
If you’re inclined to more aggressively chase returns, though, a passive investing strategy might not cut it. For these clients, the firm may engage in some form of active investment management. This involves significantly more trading, which will obviously result in higher trading fees.
Briggs Wealth Management, Inc.
Briggs Wealth Management, Inc. employs only a single financial advisor who’s responsible for managing the firm’s $145 million in assets. This lone advisor is the firm’s founding principal, Mark Briggs. He has three advisory distinctions: certified financial planner (CFP), certified public accountant (CPA) and personal financial specialist (PFS).
For a fee-only firm of Briggs’ size, it’s rare to see a high minimum investable asset requirement for new clients. But to become a client of this firm, you'll need at least $1 million ready to invest. The firm works with about twice as many high-net-worth individuals as it does with non-high-net-worth individuals.
Briggs Wealth Management, Inc. Background
Mark Briggs, Briggs Wealth Management’s principal, has over 36 years of experience working in various areas of finance. In 2000 he established the firm, but it wasn’t until 2006 that it attained the title of registered investment advisor (RIA) from the SEC.
Briggs Wealth Management has a plethora of financial planning, consulting and investment management services. Here are some examples of what the firm can do:
- Income tax planning
- Asset allocation determination
- Estate planning
- Retirement planning
- Investment planning
- Net worth evaluation
- Portfolio customization
Briggs Wealth Management, Inc. Investing Strategy
Depending on your risk tolerance, Briggs Wealth Management will use some blend of long- and short-term investment purchases. Long-term purchases are meant for the more risk-averse, as these securities will often occupy a space in their portfolio for a year or longer. On the other hand, short-term purchases look to capitalize on market shifts and trends that don’t have a large window of time, and you can expect to sell the security within a year.
Specific securities that Briggs includes in its client portfolios can vary wildly. For example, it might utilize domestic and foreign equities, commercial paper, CDs, municipal and corporate bonds, real estate investment trusts (REITs), options, mutual funds, ETFS, variable annuities and more.
Mariner Financial Group, LLC
The five financial advisors working for Mariner Financial Group, LLC manage $113 million in client assets. The team is comprised of two certified public accountants (CPAs), one certified financial planner (CFP) and one chartered financial consultant (ChFC).
Prospective clients of Mariner Financial must have at least $250,000 in investable assets to open a new account. The client base at the firm consists of mostly individuals, high-net-worth individuals and business owners.
Mariner Financial Group is a fee-based firm, and it employs some advisors that can earn commissions from the sale of insurance products or securities. Despite this potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
Mariner Financial Group, LLC Background
Mariner Financial Group became an independent RIA in 2017, but it has been affiliated with and offering advisory services through LPL Financial, LLC since 2011. Today, the firm has four principals that each claim a quarter of its shares. These owners are CCO Andrea E. Camoin, co-founders Ty S. Martinelli and Norman J. Yester and director of operations Brendan W. Yester.
The firm provides holistic asset management services. This program not only covers investment portfolio management and planning, but also financial planning services.
Mariner Financial Group, LLC Investing Strategy
Mariner Financial Group is not a firm that uses only one type of investment philosophy. Instead, the firm will alter its strategies to accommodate clients’ needs, as well as the current movements of the market. To do this well, your advisor will likely work with you to review your risk tolerance, time horizon and ultimate investment objectives.
There’s no shortage of investments that Mariner considers when putting together its asset allocations. Domestic and foreign equities and fixed-income securities are on the table, as are mutual funds, managed futures, commodities, REITs, municipal bonds and corporate bonds.