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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.

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

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$3,120,772,475 $50,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Educational seminars/workshops
  • Consulting subscription services
  • Family wealth services

Minimum Assets

$50,000

Financial Services

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

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$1,867,811,418 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Bill-payment services

Minimum Assets

No set account minimum

Financial Services

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

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$899,630,460 $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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$679,115,123 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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$541,353,678 $100,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops

Minimum Assets

$100,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Educational seminars/workshops
6 KPP Advisory Services KPP Advisory Services logo Find an Advisor

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$525,736,765 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

Varies based on account type

Financial Services

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

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$361,968,419 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
8 The Gleason Group, Inc. The Gleason Group, Inc. logo Find an Advisor

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$359,724,444 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

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

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$339,715,184 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
10 Ballast Ballast logo Find an Advisor

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$286,581,111 No set account minimum
  • Investment management
  • Financial planning
  • Retirement management
  • Pension consulting
  • College savings
  • Tax planning

Minimum Assets

No set account minimum

Financial Services

  • Investment management
  • Financial planning
  • Retirement management
  • Pension consulting
  • College savings
  • Tax planning

How We Found the Top Financial Advisor Firms in Kentucky

For this list, we only considered financial advisor firms in Kentucky that are registered fiduciaries with the U.S. Securities and Exchange Commission (SEC). We removed from consideration any advisory practices that have had a disclosure or disciplinary issue within the last 10 years or whose individual accounts make up less than half of their client base. The top 10 firms are listed here, ranked by AUM, starting with the biggest.

All information is accurate as of the writing of this article.

ARGI Investment Services, LLC

ARGI Investment Services

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; Indianapolis; Grand Rapids, Missouri; Norwalk, Connecticut; and other major cities across the U.S. Of the team in Louisville, 32 are certified financial planners (CFPs), 26 are certified public accountants (CPAs), three are chartered financial analysts (CFAs), one is a chartered financial consultants (ChFC) and one is a chartered life underwriter (CLU).  

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. 

As of its most recent SEC filings, assets under ARGI’s management were allocated as: 

  • 72% in exchange-traded equity securities (like common stocks)
  • 20% in securities issued by registered investment companies or business development companies
  • 3% in cash and cash equivalents
  • 2% in state and local bonds
  • 1% in securities issued by pooled investment vehicles (other than registered investment companies or business development companies)
  • 1% in investment-grade corporate bonds
  • 1% in derivatives

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 six certified financial planners (CFPs), four chartered financial analysts (CFAs), three chartered life underwriters (CLUs), one certified public accountant (CPA) and one chartered alternative investment analyst (CAIA). See the firm's full list of qualifications here

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.

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/or 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. In addition, the firm may recommend private placements, hedge funds and other alternative investments to qualified clients.

According to recent SEC data, assets under the firm’s management were allocated as:

  • 52% in securities issued by registered investment companies (such as mutual funds) or business development companies
  • 36% in exchange-traded equity securities
  • 4% in securities issued by pooled investment vehicles (other than registered investment companies or business development companies)
  • 2% in investment-grade corporate bonds
  • 2% in cash and cash equivalents
  • 2% in non-exchange-traded equity securities
  • 1% in U.S. government and agency bonds
  • 1% in state and local bonds

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 three accredited asset management specialists (AAMSs), two certified financial planners (CFPs), one accredited investment fiduciary (AIF), one qualified 401(k) plan administrator (QKA) and one certified fiduciary plan advisor (CFPA). (Advisors may have multiple certifications.)

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.

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.  

As of recent SEC data, assets under its management were allocated as:

  • 48% in exchange-traded equity securities
  • 36% in securities issued by registered investment companies or business development companies
  • 7% in cash and cash equivalents
  • 7% in state and local bonds
  • 1% in U.S. government and agency bonds
  • 1% in investment-grade corporate bonds

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), two registered financial consultants (RFCs), two wealth management consultants (WMCs), one chartered financial analyst (CFA) and one chartered life underwriter (CLU). (Advisors may have multiple accreditations.)

The ratio of non-high-net worth clients to high-net-worth ones is about three to one (579 to 189). The firm also serves closely held businesses, pension plans, profit-sharing plans, estates, trusts, charitable organizations, corporations and other business entities. 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. 

As of its most recent SEC filings, assets under the firm’s management were allocated as:

  • 48% in securities issued by registered investment companies (such as mutual funds) or business development companies
  • 45% in exchange-traded equity securities
  • 3% in cash and cash equivalents
  • 2% in state and local bonds
  • 1% in U.S. government and agency bonds
  • 1% in investment-grade corporate bonds

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, estates, trusts, corporations, charitable organizations, pension and profit sharing plans and other businesses. All clients must meet a minimum account size requirement of $100,000, and the firm charges asset-based fees, hourly fees and fixed fees. 

Journey’s staff of advisors offer various qualifications, including the chartered financial analyst (CFA), chartered market technician (CMT), certified public accountant (CPA) and certified financial planner (CFP) designations. 

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.

KPP Advisory Services, LLC

KPP Advisory Services

KPP Advisory Services, LLC is a fee-based firm serving more than 1,400 individual clients. As for its client types, more than 1,200 are individuals, and nearly 200 are high-net-worth individuals. However, KPP’s brochure shows that it also offers investment management services to trusts, estates, pension and profit sharing plans, charitable organizations, businesses and corporations and pooled investment vehicles. 

When it comes to advisory compensation arrangements, KPP primarily charges asset-based fees, hourly fees and fixed fees. In addition, certain advisors may sell investment products for commissions. Though this can create a conflict of interest, KPP says it abides by a fiduciary duty.

Its advisory staff offers the certified financial planner (CFP), chartered retirement planning specialist (CRPS) and certification for long-term care (CLTC) designations. 

KPP Advisory Services Background

Established in 2005, KPP provides portfolio management, financial planning, cash flow analysis, insurance planning, retirement planning and estate planning advisory services.

The firm’s founders and owners are Robert Davenport and Ken O'Neil.

KPP Advisory Services Investment Strategy

KPP says it evaluates the following factors when providing investment advice: current financial situation, age and investment time horizon, current and long-term needs, investment goals and objectives, level of investment knowledge and risk tolerance.

In striving for long-term investment returns, the firm regularly employs fundamental analysis, asset allocation, mutual fund and/or exchange-traded fund (ETF) analysis and long-term purchases.

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 chartered financial consultant (ChFC) 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 institutions, pension plans, profit-sharing plans, 401(k) plans, trusts, foundations, corporations and other business entities. 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).” 

According to recent SEC data, assets under Alphamark’s management were allocated as:

  • 54% in exchange-traded equity securities
  • 35% in securities issued by registered investment companies (such as mutual funds) or business development companies
  • 8% in cash and cash equivalents
  • 1% in U.S. government and agency bonds
  • 1% in state and local bonds
  • 1% in investment-grade corporate bonds

The Gleason Group, Inc.

The Gleason Group, Inc.

Named after founder Gavin Gleason, The Gleason Group (TGG) is a boutique family shop in Prospect. Gleason is joined in the office by his wife Andrea, along with five others, including long-time colleague Diane Johns. Overseeing millions in assets, mostly on a discretionary basis, the advisor team includes two certified public accountants (CPAs), two certified financial planners (CFPs) and one certified public finance administrator (CPFA).

The firm’s clients who are not-high-net-worth individuals outnumber those who are three to one (150 to 68). TGG also serves pension and profit-sharing plans, trusts, estates, charitable organizations, banks, corporations and other business entities. There is no published account minimum.

The Gleason Group Background

As mentioned earlier, Gavin Gleason founded the firm. It’s been in business since 2015. He is the sole proprietor.

The firm offers wealth management services, which include financial planning and investment management. For its services, it charges a fee based on a percentage of client assets under management. Advisors who are insurance agents are commission-based in their other capacities.

The Gleason Group Investment Strategy

Applying fundamental analysis when reviewing investments, TGG diversifies client assets primarily among mutual funds, exchange-traded funds (ETFs), index funds and individual debt and equity securities. It utilizes a long-term, buy-and-hold strategy while taking costs and tax liability potential into account.

According to recent SEC data, assets under the firm’s management were allocated as: 

  • 51% in exchange-traded equity securities
  • 47% in securities issued by registered investment companies (such as mutual funds) or business development companies
  • 1% in state and local bonds
  • 1% in cash and cash equivalents

Atlas Brown

Atlas Brown

Founded in 2004, Atlas Brown specializes in serving wealthy families. The Louisville firm has the ninth-largest amount in assets under management mostly on a discretionary basis. Its team of advisors includes a chartered financial analyst (CFA), accredited investment fiduciary (AIF) and chartered retirement plans specialist (CRPS). (Advisors may have multiple accreditations).

With no minimum investment requirement, the firm actually has nine times more clients who are not high-net-worth individuals than ones who are. Though, as is often the case, the latter cohort’s assets are almost double that of the former. Additionally, Atlas Brown serves defined contribution plans (e.g., 401(k) and profit-sharing plans), trusts, estates, 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. 

As of recent SEC filings, assets under the firm’s management were allocated as:

  • 53% in exchange-traded equity securities
  • 22% in securities issued by registered investment companies (such as mutual funds) or business development companies
  • 17% in cash and cash equivalents
  • 6% in state and local bonds
  • 2% in U.S. government and agency bonds

Ballast, Inc.

Ballast

Ballast, Inc. has a small staff of advisors managing hundreds of millions in assets under management (AUM). The fee-based firm has many compensation arrangements, including asset-based fees, client net worth fees, hourly fees, fixed fees and commissions. 

As for client types, the firm serves individuals, high-net-worth individuals, pension and profit sharing plans, corporations, businesses and charitable organizations. 

Ballast has no set account minimum. 

Ballast Background

Ballast, formerly Boardman Wealth Planning, Inc., has been in business since 2010. The firm’s advisory services feature portfolio management, financial planning, pension consulting and selection of other advisors. 

The firm is owned by John V. Boardman, III, Andrew J. Reynolds, Brian Burton and Cameron Hamilton. 

Ballast Investment Strategy 

Ballast chiefly uses fundamental analysis and technical analysis when selecting securities. The firm also conducts investment research using several sources, including third-party research materials, financial media companies, internet sources, company press releases and more. 

Ballas employs long-term purchases as its main strategy, but the firm may also buy and sell securities for the short-term.

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