Finding a Top Financial Advisor Firm in Guilford, Connecticut
Whether you’re trying to pay off debt or buy your first home, financial decisions will impact the rest of your life. So why make them alone? We can help you find the top financial advisors in Guildford, Connecticut, so you can reach financial wellness with a helping hand. You can also use SmartAsset's free financial advisor matching tool, which will connect you with fiduciary financial advisors in your area.
Find a Fiduciary Financial AdvisorWe match more than 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Diastole Wealth Management Find an Advisor||$741,651,300||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||GSB Wealth Management, LLC Find an Advisor||$423,469,061||$500,000|| || |
|3||Compass Asset Management, LLC Find an Advisor||$419,576,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Monte Financial Group, LLC Find an Advisor||$287,777,203||$500,000|| || |
|5||Shoreline Financial Advisors, LLC Find an Advisor||$194,742,922||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Guilford, we first identified all firms registered with the SEC in the city. 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Diastole Wealth Management
Diastole Wealth Management, a women-led financial services firm with a secondary branch in Cincinnati, tops our Guilford list. The firm's investment advisory team includes one chartered financial analyst (CFA). The firm states its account minimums may be negotiable, but it does not have a set minimum.
The firm's client base is mostly made up of individuals without a high net worth. The firm also serves high-net-worth individuals, nonprofits and pooled investment vehicles.
Diastole Wealth Management is a fee-based firm because some of its advisors may collect sales commissions from outside companies in addition to regular client fees. That said, the firm has a fiduciary duty to operate in its clients' best interests.
Diastole Wealth Management Background
Elizabeth D. Eden and Elizabeth E. Cook founded Diastole Wealth Management in 1996. Today, the duo leads a team that has more than 150 years of combined experience in the financial services industry.
This firm offers discretionary and non-discretionary investment management services. While most clients grant the firm full authority to manage their accounts, others opt for non-discretionary management and require the firm to consult them when making investment decisions. The team can also design financial plans for their clients and provide advice on a variety of topics.
Diastole Wealth Management Investment Strategy
To help clients protect their wealth while capturing returns, Diastole Wealth Management invests client assets in various asset classes. The asset allocation for each depends on their risk tolerance, savings goals and other factors. The firm generally builds these portfolios with open-end mutual funds. However, advisors are open to the universe of securities and may choose any that are deemed appropriate for the client. For non-discretionary accounts, the client may impose reasonable restrictions on certain securities.
GSB Wealth Management, LLC
GSB Wealth Management, another fee-based firm, is next on our list of the top financial advisory firms in Guilford. GSB has a suggested account minimum of $500,000, although this may be negotiable in some circumstances. The firm primarily works with individuals, high-net-worth individuals, as well as pension and profit-sharing plans. Its client base also includes charitable organizations, banking or thrift institutions, corporations and business entities.
The GSB team includes one advisor with the certified public account (CPA) and personal financial specialist designations. Because some advisors sell insurance on a commission basis, GSB is considered fee-based. Despite the potential conflict of interest that commission-based compensation can create, GSB is a fiduciary and must act in its clients' best interests.
GSB Wealth Management Background
Owned by the Guilford Savings Bank, GSB has been in business since 1999 when Deborah Abildsoe founded it as Asset & Retirement Investment Associates (ARIA). Guilford Savings Bank acquired a majority interest in ARIA in 2011 and changed the firm's name to GSB Wealth Management in 2016.
Today, GSB offers clients asset management, financial planning and pension consulting services. The firm also specializes in asset management and retirement solutions for veterinary practices. Additionally, GSB also offers a goal-based digital wealth management platform called the Guilded Investment Launchpad (GUIL).
GSB Wealth Management Investment Strategy
GSB manages client portfolios on both a discretionary and non-discretionary basis. GSB invests assets in a variety of ways, including exchange-listed securities, securities traded over the counter, foreign issuers, warrants, corporate debt, commercial paper, certificates of deposit, municipal securities, mutual funds, U.S. government securities and real estate investment trusts (REITs).
The firm uses several methods of analysis to evaluate securities, including fundamental, charting, technical and cyclical analysis. GSB engages in several different investment strategies as well, including both long- and short-term purchases, option writing, short sales and margin transactions.
Compass Asset Management
Compass Asset Management, No. 3 on our list, is a fee-only firm. This means the firm and its advisors do not earn any third-party commissions in addition to their standard advisory fees. Most of this firm's client base comprises individuals with and without a high net worth. However, the firm does have a few institutional clients, including a handful of retirement plans and charities.
There is no set minimum needed to become a client of Compass Asset Management. The firm has one chartered financial analyst (CFA) and one certified financial planner (CFP) on staff.
Compass Asset Management Background
In business since 1997, Compass Asset Management was co-founded by senior portfolio managers Carolyn Matthes and William Matthes. Today, the firm is under the ownership of portfolio manager Jason Bear, a CFA.
The firm's services are centered around investing, but it also works your investment needs into a succinct, holistic financial plan.
Compass Asset Management Investing Strategy
Generally speaking, Compass Asset Management focuses on three distinct types of investments when it comes to managing client assets: equities, fixed-income securities and exchange-traded funds (ETFs) or index funds.
Here's a quick breakdown of how the firm manages each of these investment types:
- Equity management: When investing in stocks, the firm tends to focus on large- and mid-cap companies that are selling at reasonable valuations. The firm works significant diversification into its equity portfolios in an effort to create sustainable, long-term returns.
- Fixed-income management: The firm can manage fixed-income portfolios for either taxable or tax-free income. Portfolios are typically diversified according to bond and CD maturity, while avoiding one-year maturity.
- Fund management: The firm will divide these client portfolios between aggressive and conservative investors. For the former, the firm will focus on investing in sector funds that exhibit "emerging technical strength and short-term relative performance," according to the firm's Form ADV. For more conservative investors, the firm uses a balanced portfolio of funds that selected for their long-term performance.
Monte Financial Group, LLC
Next on our list is Monte Financial Group (MFG). As a fee-only firm, advisors here earn their compensation solely through fees charged to clients. In other words, they don’t earn sales commissions from third-party entities.
The advisory team at this firm includes three certified financial planners (CFPs), two certified investment management analysts (CIMAs), two chartered advisors in philanthropy (CAP) and two certified private wealth advisors (CPWAs). While most of its clients are not high-net-worth individuals, the firm requires a minimum account size of $500,000. On some occasions, there may be exceptions to this requirement. MFG also works with high-net-worth clients and charitable organizations.
Monte Financial Group Background
MFG has been in business since 2009, making it the youngest firm on our list. Principal owner and president Robert J. Monte previously spent 17 years at Smith Barney, where he worked as senior vice president of wealth management.
The firm offers the following services:
- Financial planning
- Wealth management
- Trust management
- Philanthropic gift design
- Discretionary investment management
Monte Financial Group Investment Strategy
Monte Financial Group designs portfolios based on the client’s risk tolerance, goals, time horizon, liquidity needs and other factors. It primarily builds these portfolios with individual equity and fixed-income securities. However, some accounts may offer exposure to mutual funds, exchange-traded funds (ETFs) and other investment strategies provided by independent investment managers.
Through the Independent Investment Managers Program, the firm provides access to third-party managers that can take over a portion of client assets.
Shoreline Financial Advisors
Shoreline Financial Advisors, a fee-based firm, completes our list of the top financial advisory firms in Guilford. The team of advisors at Shoreline has a few certifications, including one certified financial planner (CFP), one chartered financial analyst (CFA) and one certified public accountant (CPA).
The firm doesn’t require a minimum account size and most of its clients are non-high-worth-individuals. The firm also maintains advisory relationships with high-net-worth individuals, retirement plans and charitable organizations.
Shoreline Financial Advisors Financial Background
Brendan T. Smith and Patrick M. Smith founded Shoreline Financial Advisors in 1996. With more than three decades of experience, Brendan Smith specializes in tax and estate planning. Patrick Smith launched his career in 1984 when he worked for Putnam Investments. His investment insights have been featured in major newspapers like USA Today and the Wall Street Journal.
The firm offers investment management services and financial planning guidance on several topics, including investment planning, retirement planning, personal savings management and education savings planning.
Shoreline Financial Advisors Investment Strategy
Shoreline Financial Advisors consults its clients to gather information about their risk tolerance, financial goals, tax situation and other factors that would help it develop an appropriate asset allocation to meet their objectives. The firm generally designs these asset allocations with varying exposure to different equity and fixed-income investments. Depending on your situation, you may invest in the following securities:
- Stock mutual funds
- Stock-based exchange-traded funds (ETFs)
- Bond funds
- Bond ETFs
- Money market funds
- Short-term CDs