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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We match nearly 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 | CovingtonAlsina, LLC  Find an Advisor | $282,930,732 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 2 | Jacksonville Wealth Management  Find an Advisor | $533,539,848 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 3 | Sanchez Wealth Management Group, LLC  Find an Advisor | $571,211,120 | $100,000 |
| Minimum Assets$100,000Financial Services
|
| 4 | IMG Wealth Management, Inc.  Find an Advisor | $209,685,185 | $250,000 |
| Minimum Assets$250,000Financial Services
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| 5 | NestEggs, Inc.  Find an Advisor | $911,259,019 | None |
| Minimum AssetsNoneFinancial Services
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| 6 | Toams Financial  Find an Advisor | $108,836,692 | $10,000 |
| Minimum Assets$10,000Financial Services
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| 7 | TrustWell Financial Advisors, LLC  Find an Advisor | $260,788,767 | $100,000 |
| Minimum Assets$100,000Financial Services
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| 8 | Madden Advisory Services, Inc.  Find an Advisor | $291,665,578 | Varies based on account type |
| Minimum AssetsVaries based on account typeFinancial Services
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| 9 | Allegiance Financial Advisors, Inc.  Find an Advisor | $181,937,021 | $50,000 (negotiable) |
| Minimum Assets$50,000 (negotiable)Financial Services
|
| 10 | Davis Capital Management  Find an Advisor | $259,000,000 | $500,000 |
| Minimum Assets$500,000Financial Services
|
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:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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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.
CovingtonAlsina
CovingtonAlsina starts out our list of the top financial advisors in Jacksonville. Founded in 2016, this fee-based firm specializes in working with female clients. The vast majority of CovingtonAlsina's client base is made up of individuals without a high net worth, although the firm does work with dozens of high-net-worth individuals, as well. Unlike many other firms, there is no set minimum account size requirement to become a client.
The firm, which was initially formed in Maryland, has offices in Jacksonville and Annapolis, Maryland. Its team includes several Certified Financial Planners™ (CFPs®). Advisors hold several other financial credentials as well.
Advisors on staff may ean commissions for selling insurance products to advisory clients, which means they have a financial incentive to make certain recommendations over others. While this is a conflict of interest, the firm has a fiduciary duty to always act in clients' best interests.
As for advisory services, the firm offers portfolio management, financial planning, pension consulting and ongoing financial coaching. The firm creates individualized investment policy statements, manages client portfolios on a discretionary basis, and provides guidance on retirement plans and insurance needs. It also conducts educational workshops and may recommend third-party investment managers.
When it comes to investing clients' assets, the firm employs fundamental analysis and modern portfolio theory to guide investment decisions, focusing on long- and short-term trading strategies. Client portfolios may include mutual funds, equities, fixed income, ETFs (including commodities and precious metals), REITs, annuities, hedge funds, private equity, venture capital, digital assets, and foreign securities. Portfolios are tailored to each client’s risk tolerance and goals, with diversification as a central principle.
Jacksonville Wealth Management
Jacksonville Wealth Management (JWM) is the next rated financial advisor firm in Jacksonville. This fee-based firm offers 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 and/or insurance policies. This is distinct from a fee-only firm, whose advisors do not receive transaction-based compensation. While a fee-based structure can create a potential conflict of interest, the firm is legally bound to a fiduciary duty to put the needs of the client first. Unlike many other firms, though, there is no required minimum amount to open an account with JWM.
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 $400 million in assets and hold the Certified Financial Planner™ (CFP®) designation.
The firm helps clients with investment strategy, asset allocation, retirement and college planning, tax considerations, insurance needs and debt/credit planning. Services are offered through both non-wrap and grandfathered wrap programs, including access to a broad array of investment products.
Jacksonville Wealth Management employs a long-term investment strategy grounded in modern portfolio theory, fundamental analysis and technical analysis. Portfolios are designed based on each client’s goals, risk tolerance and time horizon, and typically include a mix of mutual funds, ETFs, equities, fixed income securities, unit investment trusts and fee-based variable annuities. The firm emphasizes diversification and prudent asset allocation to manage risk and align with each client’s objectives.
Sanchez Wealth Management Group
Sanchez Wealth Management Group also has a fee-based structure. 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.
Founded in 2010, Sanchez 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. Like most firms on this list, Sanchez has a small team that holds several professional credentials, including the Certified Financial Planner™ (CFP®), accredited investment fiduciary (AIF) and certified fund specialist (CFS) designations.
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 employs a mix of strategic, tactical and unconstrained investment strategies guided by a top-down macroeconomic outlook over a three- to five-year horizon. Portfolios may include equities, mutual funds, ETFs, real estate investment trusts (REITs), fixed income, options, private placements, structured products and alternative investments. Sanchez uses model portfolios aligned to clients' objectives, reallocating as needed, and may also implement hedging and defensive cash positions during high volatility.
IMG Wealth Management
IMG Wealth Management is a fee-based advisory firm that mainly works with individuals below the high-net-worth threshold. The firm, which has a $250,000 minimum account size requirement, also serves a relatively small number of high-net-worth individuals.
IMG's suite of services include discretionary and non-discretionary portfolio management, as well as financial planning and consulting. The latter services may encompass retirement, tax, estate, cash flow and college planning. The firm also conducts educational workshops and seminars to inform the public about investment-related topics.
IMG has a small team that includes advisors and analysts who hold the Certified Financial Planner™ (CFP®) and chartered financial analyst (CFA) designations. However, advisors may earn additional compensation for selling securities to advisory clients, which constitutes a conflict of interest. Despite this conflict, the firm has a fiduciary duty to act in clients best interests.
The firm constructs client portfolios based on individual goals, risk tolerance and time horizons. Its investment approach includes fundamental, technical and macroeconomic analysis, with a focus on long-term strategies unless otherwise stated. Portfolios may include individual stocks, bonds, mutual funds and ETFs, and are tailored through an investment policy statement developed with each client.
NestEggs
NestEggs, Inc. is a fee-based advisory firm based in Jacksonville. The firm primarily works with retirement plan clients, including 401(k) and pension plan sponsors, though it also serves individuals, high-net-worth individuals, trusts, estates and charitable organizations. NestEggs does not state a universal minimum account size, but minimums may vary by client relationship.
As a fee-based firm, NestEggs may receive commissions or 12b-1 fees in certain circumstances. These amounts are used to offset advisory fees, but this compensation structure may still present a potential conflict of interest. The firm is a fiduciary and must act in clients' best interests.
When it comes to investing, NestEggs generally focuses on long-term purchases and asset class diversification, primarily using mutual funds and ETFs. The firm offers four mutual fund model asset allocation portfolios, ranging from an all-equity portfolio to a conservative portfolio, and these are managed on a discretionary basis. Portfolios are rebalanced at least three times per year and are generally designed around client goals, risk tolerance and time horizon. The firm’s investment review process may include index funds, managed mutual funds and comparative analysis using Morningstar data, including Sharpe ratio, standard deviation and long-term performance relative to peers.
Toams Financial
Planning Solutions International LLC, doing business as TOAMS Financial, is a fee-based advisory firm based in Jacksonville, Florida. The firm primarily works with individuals and high-net-worth individuals, offering investment management, financial planning and consulting services. TOAMS Financial generally requires a minimum relationship size of $10,000, though it may negotiate this requirement in certain circumstances.
TOAMS Financial’s suite of services includes discretionary investment management, comprehensive financial planning, standalone financial consulting and referrals to outside professionals such as accountants and attorneys. Financial planning services may encompass retirement planning, estate planning, education savings, insurance needs, personal savings and other financial topics.
OAMS Financial primarily uses a long-term investment approach, though it may make shorter-term trades for rebalancing or client cash needs. Portfolios may include individual stocks, ETFs, bonds, certificates of deposit and structured notes. The firm uses fundamental, technical, cyclical and behavioral finance analysis, and may also use cash positions, diversification, sector and asset class reweighting, and capital gains or loss harvesting.
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.
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. Today, the firm offers clients financial planning and asset management services. Specifically, the firm uses a five-step financial planning process for help clients set and pursue financial goals.
When it comes to investing, 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.
Madden Advisory Services
Madden Advisory Services 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.
Harry Madden founded Madden Advisory Services in 1998. Although Madden passed away in 2020, the firm’s current team comprises several credentialed professionals, advisors who have earned the Certified Financial Planner™ (CFP®) and chartered retirement planning counselor (CRPC) designations
The firm's service options include the F.O.C.U.S. Wealth Management program for tailored portfolio management, the online-based S.A.I.L. Asset Management programs using ETFs and mutual funds, and pension plan services for plan sponsors and participants.
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 ETFs and index funds, which are chosen based on an online questionnaire you fill out to determine your risk tolerance.
Allegiance Financial Advisors
Allegiance Financial Advisors is a fee-based advisory firm that offers investment supervisory services, financial planning and consulting services. Management personnel at the firm may earn commissions through separate broker-dealer or insurance-related activities, which can create a potential conflict of interest. However, the firm is legally bound by fiduciary duty to act in clients’ best interests.
The firm generally requires a minimum of $50,000 for its ISS model portfolio management service, though this minimum may be negotiable under certain circumstances. Financial planning and consulting services do not have a stated asset minimum. The firm works with individuals, high-net-worth individuals, corporations and other businesses, as well as pension and profit-sharing plans. Its advisory team includes professionals who hold the Certified Financial Planner™ (CFP®) and chartered financial consultant (ChFC®) designations.
Allegiance Financial Advisors offers model portfolio management, comprehensive written financial plans and consulting services. Its financial planning services may cover personal finances, tax and cash flow, investments, insurance, retirement, death and disability planning, and estate planning. Consulting services may focus on specific areas such as estate planning, retirement planning or other financial topics.
When it comes to investing, Allegiance Financial Advisors primarily uses asset allocation. The firm’s model portfolios range from aggressive growth to ultra conservative/income and are generally built around mutual funds. The firm may also use long-term purchases and mutual fund or ETF analysis when evaluating investments.
Davis Capital Mangement
Davis Capital Management is a fee-only advisor that specializes in retirement planning, long-term care planning, investment management, tax planning, estate planning, insurance planning and more services. The firm typically works with individuals, high-net-worth individuals, trusts, estates, banks, endowments, foundations, corporations, pensions, profit-sharing plans and more. The firm typically works with clients who have at least $500,000 in assets.
Davis Capital Management was founded in 2008. Today, it has a small advisory team that includes two Certified Financial Planners™ (CFPs®).
Davis Capital Management builds client portfolios with a strong focus on capital preservation and risk management. Their investment approach combines top-down macroeconomic analysis for sector allocation with bottom-up fundamental and technical analysis for selecting individual securities. Portfolios typically include large-cap equities, bonds, ETFs, mutual funds and alternative investments, and are diversified to reduce risk.
Equity portfolios generally hold 35 to 45 positions, while ETF-based portfolios have fewer due to their inherent diversification. Portfolio construction is tailored to each client's financial goals and risk tolerance.
