Finding a Top Financial Advisor Firm in Jacksonville, Florida
Finding a financial advisor can be a challenging process, especially in a highly-populated area like Jacksonville, Florida. To make it easier, SmartAsset has created the following list of the top ten financial advisor firms serving Jacksonville. The tables and reviews below will give you a snapshot of each firm, their fee structures and the minimum needed to open an account. To expand your search, use SmartAsset's free financial advisor matching tool. It will connect you with up to three vetted advisors who serve your area.
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|Paragon Wealth Strategies Find an Advisor
|Varies based on account type
Minimum AssetsVaries based on account type
|Jacksonville Wealth Management Find an Advisor
|No required minimum
Minimum AssetsNo required minimum
|Sanchez Wealth Management Group, LLC Find an Advisor
|Douglas Capital Management Inc Find an Advisor
|No required minimum
Minimum AssetsNo required minimum
|River Capital Advisors, LC Find an Advisor
|Toams Financial Find an Advisor
|Life Planning Partners, Inc. Find an Advisor
|No set account minimum
Minimum AssetsNo set account minimum
|Riverplace Capital Management, Inc. Find an Advisor
|TrustWell Financial Advisors, LLC Find an Advisor
|Madden Advisory Services, Inc. Find an Advisor
|Varies based on account type
Minimum AssetsVaries based on account type
What We Use in Our Methodology
To find the top financial advisors in Jacksonville, 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 obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Paragon Wealth Strategies
At the top of the list, Paragon Wealth Strategies is a fee-based firm that works with both high-net-worth individuals and non-high-net-worth individuals. All advisors at Paragon must obtain the certified financial planner (CFP) designation. The team also has a financial paraplanner qualified professionals (FPQPs).
Already existing advisory clients at the firm are subject to Paragon minimum account requirements and advisory fees in effect at the time they start an advisory relationship. Therefore, the firm's minimum account requirements will differ across clients.
Paragon Wealth Strategies Background
Paragon was founded in 2008 after previously being a branch office of The Householder Group. The firm's principal shareholders are Jonathan Castle (who serves as the chief investment officer), Michelle Ash (chief operating officer), Karen Rasmussen (VP of client relations) Scott Sinder (partner) and Ian Aguilar (partner).
Services offered at Paragon include portfolio management, wealth management, financial planning and educational workshops.
Paragon Wealth Strategies Investing Strategy
Paragon Wealth Strategies uses charting, technical analysis, fundamental analysis and cyclical analysis to analyze securities. Securities used include mutual funds and ETFs, among others. The firm's investment strategies include asset allocation, long-term purchases, margin transactions and option writing.
Jacksonville Wealth Management
Jacksonville Wealth Management is a fee-based firm offering the services of portfolio management and financial planning to individuals, high-net-worth individuals and business entities. As a fee-based firm, its advisors may earn commissions for the sale of certain securities. This can create a potential conflict of interest but the firm is legally bound to a fiduciary duty to put the needs of the client first. There is no required minimum amount to open an account with JWM.
Jacksonville Wealth Management Background
The firm was founded in 2013 by Daniel Ciez, who serves as the President and Owner today. The firm has advisors who collectively manage more than $200 million in assets and hold the designations of certified financial planners (CFP).
Jacksonville Wealth Management Investing Strategy
Jacksonville Wealth Management utilizes mostly long-term trading as its primary investment strategy. A client's portfolio may have some combination of mutual funds, equities, fixed-income investments and exchange-traded funds (ETFs). The methods of analysis for investments include fundamental analysis, modern portfolio theory and technical analysis.
Sanchez Wealth Management Group
Sanchez Wealth Management Group, LLC has an account minimum of $100,000. The majority of the firm's clients are non-high-net-worth individuals. However, the firm does work with those who are high-net-worth individuals as well as corporations and pension and profit-sharing plans. The advisory team at this fee-based firm has certified financial planners (CFPs) and accredited investment fiduciaries (AIFs) and certified fund specialists (CFS).
As a fee-based firm, the firm’s advisors may earn commissions from selling certain insurance products and for trading certain securities. This may present a conflict of interest, but the firm is a fiduciary and must act in the clients' best interests. Founder Chris Sanchez has received numerous distinctions over the years. These include being named one of the top independent financial advisors in the U.S. by Reuters in 2008 and one of the top 1,000 advisors in America by Barron’s in 2009.
Sanchez Wealth Management Group Background
Sanchez Wealth Management Group was founded in 2010 and has been in business since 2013. It is independently owned by Chris Sanchez, who has been working in the financial sector since 1996. This firm offers advisory and consulting services and focuses primarily on wealth management and financial planning. More specifically, the latter can cover planning for retirement, insurance, taxes and estates.
Sanchez Wealth Management Group Investing Strategy
Sanchez Wealth Management Group uses a proprietary investing strategy that it calls “Advance and Protect.” This strategy focuses on the active management of your assets. However, the firm will only move your investments when it believes the possible return will outweigh the extra risk you’re taking on.
These decisions are clearly communicated with clients as part of the firm’s effort to remain transparent and honest about how it’s managing clients’ assets. This firm also prioritizes the financial education of its clients, as it believes that this will only help the investing process.
Douglas Capital Management
Douglas Capital Management is a fee-only advisory firm offering asset management and investment consulting services. As a fee-only firm, none of its advisors receive commissions on the sale of securities. There is no required account minimum to get started with the firm.
Douglas Capital Management Background
Douglas Capital was founded in 1974. The firm is operated today by Christopher Douglas and James A. Douglas, both serving as the firm's only advisors. The firm works with high-net-worth individuals, non-high-net-worth individuals, corporations, profit-sharing accounts, association accounts and trusts.
Douglas Capital Management Investing Strategy
The firm's investment strategy involves both actively managed accounts, passively managed accounts and blended accounts. The active accounts focus on fairly liquid securities in an attempt to equal market risk. The firm is not considered a high-frequency trader though. Passive accounts tend to be invested with mutual funds and exchange-traded funds according to the firm's asset allocation models. A blended account has a combination of those two investment strategies.
River Capital Advisors
River Capital Advisors, LC (also known as RCA) has an account minimum of $750,000. The majority of the firm's clients are non-high-net-worth individuals.
Multiple advisors on the team at this fee-based firm hold a certified financial planner (CFP) certification and accredited estate planner (AEP) among other certifications.
River Capital Advisors Background
River Capital Advisors was founded in 1998. Its principal owner is Smoak, Davis & Nixon, LLP. This firm offers wealth management services to its clients, including portfolio management, pension consulting and general consulting services. It also offers financial planning.
River Capital Advisors Investing Strategy
RCA uses shares of no-load (or load-waived) mutual funds, ETFs, individual stocks, bonds and CDs for client accounts. The firm may also recommend investing in alternative investments. When selecting individual stocks, the firm emphasizes fundamental analysis. Approaches include long-term purchases, short-term purchases, short sales, margin transactions and options trading/writing.
Toams Financial is a fee-based advisory firm that offers investment management and financial planning services. As a fee-based firm, its advisors may receive additional compensation for the sale of certain securities. This has the potential to create a conflict of interest but the firm is bound by a fiduciary duty to put the client first. The firm only works with individuals and high-net-worth individuals and requires a $10,000 minimum to open an account.
Toams Financial Background
Toams Financial was founded in 2013 by Mario J. Payne, who is a certified financial planner (CFP). The firm has financial advisors who collectively manage assets across over 850 clients. Toams Financial was founded to focus on college planning, retirement and estate management.
Toams Financial Investing Strategy
Toams Financial focuses its investment strategy on solutions that are customized to the individual client. This is achieved through continuous personal client contact as well as an up-front inquiry into the client's goals and appetite for risk. The firm creates investment strategies that are primarily long-term focused and a portfolio will typically see a mix of individual stocks, mutual funds and exchange-traded funds (ETFs) as the primary investment vehicles. Other investments may include bonds, certificates of deposit and structured notes.
Life Planning Partners
Most firms will charge you advisory fees based on a percentage of your assets under management, but Life Planning Partners, Inc. is not one of them. The firm charges fees based only on hourly and fixed rates.
There are certified financial planners (CFPs) and chartered financial analysts (CFA) at this firm. Life Planning Partners has no account minimum, showcasing its relatively inclusive approach. The firm typically works with individuals (both with or without high net worths), corporations, pension plans and profit-sharing plans.
President and principal owner Carolyn McClanahan was a doctor prior to opening this fee-only firm. Since entering the financial sector, McClanahan has been recognized for her work as an advisor by The Wall Street Journal and Kiplinger’s and has appeared on NPR and CNBC.
Life Planning Partners Background
Carolyn McClanahan started Life Planning Partners in 2004. But the firm's team has been in the field for far longer than that, boasting more than 50 years of collective experience.
Life Planning Partners offers financial planning centered around retirement and other important life events. For example, the firm will create specific plans for clients who are working to achieve financial independence, transitioning to a new job, attempting to diversify their assets or caring for an elderly family member.
Life Planning Partners Investing Strategy
Life Planning Partners says it uses current academic studies, empirical data and pure common sense to make investment decisions. Your advisor will then incorporate risk into the equation, considering both inflation and market risk, which takes into account both the long-term and short-term.
The firm primarily uses exchange-traded funds (ETFs), mutual funds and bonds in client portfolios. It believes that these investment types are the cheapest and most tax-efficient, which it says will minimize costs that might otherwise dampen your returns.
Riverplace Capital Management
Riverplace Capital Management, Inc. is a fee-only firm that only charges advisory fees based on your current assets under management. The firm believes that this fee structure is mutually beneficial to both the firm and its clients. You’ll need at least $100,000 to open an account with this firm. Riverplace Capital Management’s typical clients include individuals, trusts, estates, businesses, state or municipal government entities and pension and profit-sharing plans.
Riverplace Capital Management Background
Designated Principal owner Peter Bower founded Riverplace Capital Management in 1998. He is the executive chairman and chief information officer. This firm offers a variety of financial management services, including:
- Financial problem identification
- Retirement planning
- Insurance review
- Tax planning
- Cash flow management
- Investment management
- Education funding
- Estate planning
Riverplace Capital Management Investing Strategy
Riverplace Capital Management primarily uses dynamic asset allocation. The firm is continually building a watch list of the investments it believes are most suitable for its clients. It then actively tries to anticipate where the market is headed, and therefore what investments should be a part of its watch list in the near or distant future. The firm will consistently refresh its current watch list to ensure that stagnation doesn’t settle in.
When deciding how to put together your portfolio, this firm will take this list and implement the investments that it feels are in line with your goals and risk tolerance. In other words, the exact investment types that are utilized will vary depending on your objectives.
TrustWell Financial Advisors
TrustWell Financial Advisors is a fee-only firm that works with both high-net-worth individuals and non-high-net-worth individuals. The firm's clients are primarily individuals, couples, and their family members. It also serves corporations, small businesses, small business owners, foundations, endowments, trusts, guardianships, estates, family offices and other fiduciaries.
Multiple advisors at TrustWell Financial Advisors hold the certified financial planner (CFP) designation. The firm generally requires a minimum of $100,000 to open an account but reserves the right to waive this minimum.
TrustWell Financial Advisors Background
The firm began operations in 1987 as D. Gary Williams & Company, a sole proprietor. In 2007, it organized our practice as a Florida LLC and transitioned services to that entity in 2008. The firm's owners and controllers are D. Gary Williams, Christopher F. Daunhauer and Brett W. Freese. The firm offers clients financial planning and asset management services.
TrustWell Financial Advisors Investing Strategy
TrustWell seeks to diversify portfolios across multiple asset classes, not just within a particular asset class. For stock portions of a portfolio, the firm may use mutual funds and exchange-traded funds (ETFs), but may also use individual stocks. For bond portions, it usually uses bond mutual funds, bond fund ETFs, individual bonds or some combination. For other portions, it may use mutual funds, ETFs, individual CDs, hedge funds, closed-end funds, separately managed accounts or other types of investments.
The firm also uses fundamental, technical and/or cyclical analysis to as guides in developing its investment strategies.
Paragon Wealth Strategies uses charting, technical analysis, fundamental analysis and cyclical analysis to analyze securities. Securities used include mutual funds and ETFs, among others. Strategies include asset allocation, long-term purchases, margin transactions and option writing.
Madden Advisory Services
Madden Advisory Services, Inc.’s minimum varies by account type. The fee-only firm requires a $250,000 minimum for a wealth management account and a significantly lower $5,000 minimum for an asset management account. (Wealth management takes a broader view of your finances than asset management, which is largely limited to your investments.) The majority of the firm’s clients are non-high-net-worth individuals.
The firm’s small team includes staff members who hold professional financial designations such as certified financial planner (CFP) and chartered retirement planning counselors (CRPC).
Madden Advisory Services Background
Harry Madden founded Madden Advisory Services in 1998. The firm is independently owned, and its advisors average more than 20 years of experience in asset management. Currently, the principal owner is Michael Ellis, who is also a chief executive officer (CEO), chief compliance officer (CCO) and president.
The following services are available for the various clients that work with this firm, including individuals, businesses and business owners:
- Retirement planning
- Estate planning
- Asset management
- Small business retirement benefit planning
- Charitable giving planning
- Higher education funding
- Insurance analysis
- Charles Schwab-based S.A.I.L. asset management
Madden Advisory Services Investment Options
Madden Advisory Services offers two different investing programs: The F.O.C.U.S. wealth management program and S.A.I.L. asset management.
The F.O.C.U.S. wealth management program is the more traditional side of this firm’s business. This program uses your stated investment goals and financial needs to formulate a portfolio focused on achieving your long-term objectives. Your advisor will monitor your account and rebalance it as needed.
The firm’s other option is S.A.I.L. asset management, a robo-advisor that’s accessible through an online platform run by Charles Schwab. This program’s portfolios are almost totally centered around the use of exchange-traded funds (ETFs) and index funds, which are chosen based on an online questionnaire you fill out to determine your risk tolerance.