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Top Financial Advisor Firms in Kentucky

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Finding a Top Financial Advisor Firm in Kentucky

You’re not about to entrust your wealth with just anyone. But with so many financial advisors out there, how do you choose one? To help you narrow the field, we did the initial research for you, collecting important factors - fundamentals such as assets under management (AUM), fees and investment strategy. Then we put all the info together, here, for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms in Kentucky. Then use SmartAsset’s free financial advisor matching tool to connect with local advisors.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 ARGI Investment Services, LLC ARGI Investment Services, LLC logo Find an Advisor

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$3,700,382,256 $50,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Educational seminars
  • Consulting subscription services
  • Family wealth services

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Educational seminars
  • Consulting subscription services
  • Family wealth services
2 MCF Advisors, LLC MCF Advisors, LLC logo Find an Advisor

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$2,168,282,120 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
3 Keystone Financial Group Keystone Financial Group logo Find an Advisor

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$1,084,007,770 $10,000
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

$10,000

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

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4 Legacy Financial Advisors, Inc. Legacy Financial Advisors, Inc. logo Find an Advisor

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$764,642,810 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
5 Journey Advisory Group, LLC Journey Advisory Group, LLC logo Find an Advisor

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$647,445,977 $50,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops
6 Strategic Wealth Investment Group, LLC Find an Advisor

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$222,436,400 $25,000
  • Financial planning
  • Investment services

Minimum Assets

$25,000

Financial Services

  • Financial planning
  • Investment services
7 Magnate Advisory Services, LLC. Magnate Advisory Services, LLC. logo Find an Advisor

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$230,316,952 No requirement
  • Financial planning
  • Investment management

Minimum Assets

No requirement

Financial Services

  • Financial planning
  • Investment management
8 Reliant Wealth Planning Reliant Wealth Planning logo Find an Advisor

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$361,433,801 No minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops
9 Alphamark Advisors, LLC Alphamark Advisors, LLC logo Find an Advisor

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$371,090,114 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
10 Atlas Brown Atlas Brown logo Find an Advisor

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$421,811,132 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors

What We Use in Our Methodology

To find the top financial advisors in Kentucky, we first identified all firms registered with the SEC in the state. 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

ARGI Investment Services, LLC

ARGI Investment Services, LLC

ARGI Investment Services leads the way, managing billions in assets on a discretionary basis only. With headquarters in Louisville, the firm has branch offices in Elizabethtown and Bowling Green, Kentucky; Cincinnati, Ohio; Indianapolis, Indiana; Grand Rapids, Missouri; Norwalk, Connecticut; and other major cities across the U.S. Of the team in Louisville, 38 are certified financial planners (CFPs), 23 are certified public accountants (CPAs), four are chartered financial analysts (CFAs) and one is a chartered financial consultants (ChFC).  

With a $50,000 minimum asset requirement, the firm serves far more people who are not high-net-worth individuals than ones who are. It also offers services to trusts, estates, corporations, pension and profit-sharing plans and charitable organizations. 

ARGI Investment Services Background 

ARGI was originally founded in 1995 as a franchise of American Express Financial Advisors. In 2003, the firm separated from American Express, and in 2010, the firm officially became an SEC-registered investment advisor. CEO Patrick “Joe” Reeves, President Neil Quinlan and ARGI’s employee stock ownership plan own the firm.

The firm offers investment management services for a fee based on a percentage of client assets and through a wrap fee program, where management and brokerage costs are bundled into one fee. (The account minimum in the first case is $50,000, and it’s $100,000 in the latter.) ARGI also offers a non-managed account program, financial planning, family wealth services, retirement plan consulting and sub-advising to other investment advisor firms.

ARGI Investment Services Investment Strategy 

ARGI designs and offers proprietary investment portfolios that it can customize by maintaining an individual stock position or purchasing a customized security. Each of the models are globally diversified and are formulated based on risk. 

MCF Advisors, LLC

MCF Advisors, LLC

MCF Advisors is located in Covington with a branch office in Lexington. Managing the second-largest amount in assets, the team includes nine certified financial planners (CFPs), three chartered financial analysts (CFAs), three chartered life underwriters (CLUs), two certified public accountants certified public accountants (CPAs) and one chartered alternative investment analyst (CAIA).

With the firm having no minimum investment requirement, the great majority of clients do not have a high net worth. MCF also advises trusts, corporate pension and profit-sharing plans, charitable institutions and foundations. Accounts are on a discretionary and non-discretionary basis.

This is a fee-based firm, which means certain on-staff advisors can receive commissions from the sale of insurance products. Although this presents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.

MCF Advisors Background

After a long career at Cigna Financial Advisors, Robert Sathe founded MCF in 2000. His sons Andy and Matthew also work at the firm. Dave Harris, who serves as president, is the majority owner, while two Sathes and other employees have small stakes.

The practice offers financial planning, portfolio management for individuals and small businesses, selection of other advisors (including private fund managers), and bill-payment services. It collects fees for its services, though advisors who are insurance agents receive commissions in their other capacities.

MCF Advisors Investment Strategy

In addition to customizing asset allocation, MCF offers a range of investment portfolio models, consisting of exchange-traded funds (ETFs) and cash and cash equivalents, through Schwab Institutional Portfolios, an automated, online platform. The firm employs a tactical asset allocation approach, which means it actively adjusts allocations. It generally invests in mutual funds, ETFs, individual equities and individual fixed-income securities. In addition, the firm may recommend private placements, hedge funds and other alternative investments to qualified clients.

Keystone Financial Group, LLC

Keystone Financial Group

Headquartered in Lexington, Keystone Financial Group manages hundreds of millions in assets, mostly on a discretionary basis. Its three other offices are in Somerset, Leitchfield and Mt. Sterling. The Lexington office has multiple financial advisors, including two accredited asset management specialists (AAMSs) and two certified financial planners (CFPs).  

With a $10,000 minimum investment requirement, Keystone primarily serves individuals who are not high-net-worth individuals. It also has banks and thrift institutions, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities as clients.

Keystone Financial Group Background

Toby Jenkins, Mike Kretz and Tim Jenkins founded Keystone in 2008. The three are equal partners and work as advisors for the firm. 

The firm offers sponsors a wrap-fee and non-wrap-fee asset management program using LPL Financial Corporation’s Strategic Wealth Management platform. Keystone also provides access to a number of LPL’s model portfolios through its separate wrap-fee program.

Additionally, the firm offers financial planning and consulting, client education services, referral of third-party advisors and retirement plan services. For these services, Keystone charges fees, but advisors who are registered representatives of broker-dealers or insurance agents receive commissions in those capacities. This presents a potential conflict between the interests of the client and the interest of the advisor, but as a fiduciary Keystone is obligated to always put client interests first.

Keystone Financial Group Investment Strategy

The practice uses charting, fundamental and technical methods of analysis. It states that “it is not our typical investment strategy to attempt to time the market, but we may increase cash holdings modestly as deemed appropriate based on your risk tolerance and our expectations of market behavior.” It also notes that it does not primarily recommend one type of security. 

Legacy Financial Advisors, Inc.

Legacy Financial Advisors, Inc.

Started by four men who worked at a firm together, Legacy Financial Advisors manages millions in assets on a discretionary basis only. It’s located in Covington, with a branch office recently opened in Sarasota. The Covington team includes four certified financial planners (CFPs), two certified public accountants (CPAs), one chartered financial analyst (CFA), one chartered retirement plans specialist (CRPS) and one chartered life underwriter (CLU). (Advisors may have multiple accreditations.)

Clients include both non-high-net worth and high-net-worth individuals, as well as pension and savings plans and charitable organizations. There is minimum to open an investment account, though the firm may require a minimum annual fee.

Legacy Financial Advisors Background

Of the four advisors who started the firm in 2006, three - Michael Maisel, Paul Sartori and Trent Lucas - remain and own the firm. Two other employees have small stakes, according to SEC data.

Legacy Financial specializes in investment management, estate planning, insurance and risk management services. Its fiduciary services are on a fee basis, but advisors who are registered representatives of broker-dealers or insurance agents receive commissions in their other capacities.

Legacy Financial Advisors Investment Strategy

Employing strategic and tactical allocations, Legacy Financial follows what it calls “an advance and protect strategy.” It does this by placing client assets in a “capital preservation portfolio” (the protect part of the strategy) and a “growth portfolio” (the advance part), where securities are intended to provide long-term capital appreciation potential and diversification. 

Journey Advisory Group, LLC

Journey Advisory Group, LLC

Fee-only firm Journey Advisory Group, LLC has a client base of individuals, high-net-worth individuals, and pension and profit-sharing plans. All clients must meet a minimum account size requirement of $50,000, and the firm charges asset-based fees, hourly fees and fixed fees.

Although Journey Advisory Group is technically a fee-only firm, it is closely affiliated with an insurance company called Journey Risk Solutions, LLC (JRS). Should clients of Journey Advisory Group purchase any insurance products offered through JRS, commissions will be paid to JRS.

Journey Advisory Group Background

Founded in 2014 and principally owned by Tyler S. Lang and Stephan Lang, Journey offers a wide selection of advisory services, including individual portfolio management, automated portfolio management, financial planning, pension consulting and educational seminars. 

Journey also has locations in Ohio, California and Texas.

Journey Advisory Group Investment Strategy 

Journey says on its website that it focuses on disciplined portfolio construction by providing exposure to a suitable mix of assets. The firm also says it takes a long-term approach to investing, and it employs diversification within each asset class across industries, sectors and countries. 

Journey typically invests in exchange-listed securities, mutual funds, exchange-traded funds (ETFs), securities traded over the counter, foreign issuer, option contracts on securities, warrants, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit (CDs), municipal securities, U.S. government securities and other securities.

Strategic Wealth Investment Group, LLC

Strategic Wealth Investment Group, LLC works primarily with non-high-net-worth and high-net-worth individuals. The firm also says it works with corporations and business entities. 

As a fee-based firm, some advisors could be licensed to sell insurance and investment products, and could earn commissions on those transactions. However, the firm has a fiduciary duty to put client interests first.

Strategic Wealth generally requires $25,000 minimum to engage in services. Clients are charged investment management fees that are based on a percentage of assets under management, ranging between 0.5% and 1.5%.

Strategic Wealth Investment Group Background

Headquartered in Louisville, Strategic Wealth was founded as a limited liability company in 2002 and formed as an investment advisory in 2012. The firm’s principal owners include Matthew J. Dicken, Dustin Stanley and Jordan Schwart.

Strategic Wealth Investment Group Strategy

The firm manages and evaluates portfolios based on client goals and objectives. General financial planning and investment services include asset allocation, risk tolerance, asset selection and portfolio monitoring. 

Magnate Advisory Services, LLC.

Magnate Advisory Services, LLC.

Magnate Advisory Services, LLC works primarily with non-high-net-worth and high-net-worth individuals.  

As a fee-based firm, some advisors could be licensed to sell insurance and investment products and could earn commissions on those transactions. However, the firm has a fiduciary duty to put client interests first.

Magnate does not require a minimum account balance to engage in services. Clients, however, are charged investment management fees based on a percentage of assets under management, ranging between 0.75% and 2%.

Magnate Advisory Services, LLC. Background

Headquartered in Louisville, Magnate was founded as a limited liability company in 2016. The firm operates under the trade name Magnate Advisory Services, LLC or Magnate Wealth Management, LLC.

Magnate Advisory Services, LLC. Strategy

The firm manages and evaluates portfolios based on client goals and objectives. The advisor team includes one certified financial planner (CFP) designation. 

 

Reliant Wealth Planning, LLC

Reliant Wealth Planning

Reliant Wealth Planning, LLC works primarily with non-high-net-worth and high-net-worth individuals. The firm also serves pension and profit-sharing plans, charitable organizations and sovereign wealth funds and foreign official institutions.

As a fee-based firm, some advisors could be licensed to sell insurance and investment products, and could earn commissions on those transactions. However, the firm has a fiduciary duty to put client interests first.

Reliant does not require a minimum account balance to engage in services. Clients, however, are charged investment management fees based on a percentage of assets under management, ranging between 0.7% and 1.38%.

Reliant Wealth Planning, LLC. Background

Headquartered in Louisville, Reliant was founded as a limited liability company in 2017 by Shaun Chelf and Laura Clark. 

The advisor team holds multiple designations, including three certified estate planners (CEPs), two certified financial planners (CFPs), two retirement income certified professionals (RICPs), one chartered financial analyst (CFA), one chartered retirement planning counselor (CRPC) one chartered financial consultant (ChFC), accredited estate planner (AEP) and one certificate in investment performance measurement (CIPM). 

Reliant Advisory Services, LLC. Strategy

The firm manages and evaluates portfolios based on client goals and objectives. Services include: 

  • Retirement planning
  • Investment management
  • Cash flow management
  • Estate planning
  • Charitable gifting
  • Risk management

Alphamark Advisors, LLC

Alphamark Advisors, LLC

Located in Ft. Wright, Alphamark Advisors manage millions in assets on a discretionary basis only. Its team includes one certified financial planner (CFP), one chartered financial analyst (CFA), one certified divorce financial analyst (CDFA), one certified public accountant (CPA) and one chartered life underwriter (CLU). Advisors may have multiple certifications.

Given that there is no minimum investment requirement, about three-quarters of Alphamark’s individual clients are not high-net-worth individuals. The firm also provides services to investment companies, pension and profit-sharing plans, charitable organizations and corporations. Additionally, it serves as the investment advisor to the AlphaMark Large Cap Growth Fund, a series of the AlphaMark Investment Trust, and the AlphaMark Actively Managed Small Cap ETF, a part of the ETF Series Solutions ETF Trust. 

Alphamark Advisors Background

The firm has been in business since 1999. Today, its principal shareholder is President Michael Simon. Christian Lucas is also a managing partner. A handful of current and former partners of VonLehman CPA and Advisory Firm also have small stakes.

Alphamark primarily offers investment management and advisory services. It also can provide financial guidance during a divorce, help with college planning and advise on other financial matters. Its fiduciary services are on a fee basis, though the advisor on the team who is an insurance agent receives commissions in his other capacity.

Alphamark Advisors Investment Strategy

The firm generally allocates investment management assets of its separately managed accounts among individual debt and equity securities and various mutual fund classes. When appropriate, it may also recommend the mutual fund or ETF that AlphaMark manages. It notes that “to reduce volatility in a client’s portfolio, we diversify by market capitalization (large and small) and geography (domestic and international).” 

Atlas Brown

Atlas Brown

Founded in 2004, Atlas Brown specializes in serving wealthy families. Its team of advisors includes one chartered financial analyst (CFA), one accredited investment fiduciary (AIF), certified employee benefit specialist (CEBS) and one chartered retirement plans specialist (CRPS). Advisors may have multiple accreditations.

With no minimum investment requirement, the firm actually has almost nine times more clients who are not high-net-worth individuals than ones who are. Additionally, Atlas Brown serves defined contribution plans (e.g., 401(k) and profit-sharing plans), charitable organizations and corporations.

Atlas Brown Background

Chairman W. Wayne Hancock, III, is the only one of the original co-founders to still be working at the firm. He and his family are the largest shareholders, while employees mostly own the rest of the practice.

As mentioned earlier, the firm focuses on serving wealthy families, providing legacy planning, family governance, tax planning and lifestyle management - in addition to portfolio management services. Its fiduciary services are on a fee basis, but advisors who are brokers or insurance agents receive commissions in their other capacities.

Atlas Brown Investment Strategy

Atlas Brown says that it “applies institutional techniques to a multidisciplinary approach, using multiple asset classes/styles, outside managers, alternatives and individual securities to create customized investment strategies.” The firm uses traditional and alternative strategies, investing in non-traditional asset classes such as real estate, natural resources and minerals. 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research