Finding a Top Financial Advisor Firm in Lake Mary, Florida
Lake Mary offers numerous options for financial advisors, but it’s important to find the advisor that best fits your needs and objectives. After conducting extensive research on the advisory firms in the Sunshine State, we’ve formed a list of the top financial advisors in Lake Mary. Our review compares each firm’s assets under management (AUM), advisory services, fee structures and investment strategies. You can also use SmartAsset's free financial advisor matching service to connect with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Advus Financial Partners, LLC Find an Advisor||$2,287,801,345||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Jackson Wealth Management, LLC Find an Advisor||$692,100,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Collaborative Wealth Management, Inc. Find an Advisor||$390,123,432||$100,000|| || |
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|4||Family Wealth Advisers Find an Advisor||$263,329,287||Varies based on account type|| || |
Minimum AssetsVaries based on account type
What We Use in Our Methodology
To find the top financial advisors in Lake Mary, 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.
Advus Financial Partners
Advus Financial Partners is a fee-only firm that serves both non-high-net-worth and high-net-worth individuals, as well as pensions and profit-sharing plans, charities and corporations.
The firm provides advisory services for clients with a minimum portfolio size of $1 million.
As a fee-only firm, Advus does not take any commissions, finder's fees or referral fees from the sell of any products. The advisory only gets compensation directly from services provided to clients.
Advus Financial Partners Background
Advus was founded in 2021 and Mark Lamoriello is the sole owner.
The firm provides investment management services, wealth management and retirement planning on a discretionary and non-discretionary basis.
Advus also says that it provides third party asset management services for other investment advisors in a sub-advisory capacity.
Advus Financial Partners Investment Strategy
As with other firms, investment strategies are based on the client's financial circumstances and investment objectives, which could be based on risk tolerance, time horizon and other factors.
Advus uses both quantitative and qualitative research when evaluating portfolio strategies. And may invest assets in mutual funds, exchange traded funds (ETFs) and bonds, among other investments.
Jackson Wealth Management
Jackson Wealth Management is a fee-based firm that works with non-high-net-worth and high-net-worth individuals.
The firm doesn’t have a set account minimum. Though clients engaging in portfolio management will get charge a percentage of assets under management.
As a fee-based firm, some advisors at Jackson Wealth may earn commissions for the sale of insurance and other financial products. While this can pose a conflict of interest, the firm's fiduciary duty mandates that they put client interests first.
Jackson Wealth Management Background
Founded in 2008, Jackson Wealth offers various advisory services, including portfolio management, financial planning, pension consulting and advisor referrals.
The firm’s asset management services also include:
- Education planning
- Retirement planning
- Estate planning
- Insurance review
- Tax planning
George P. Jackson is the firm’s principal owner.
Jackson Wealth Management Investing Strategy
The firm generally provides advice on mutual fund and exchange-traded fund investments. Jackson Wealth may also advise clients on a range of other investments, including warrants, equity securities, corporate debt securities, commercial paper, certificates of deposit (CDs) and various other securities.
Jackson wealth implements many different security analysis methods. These include fundamental analysis, cyclical analysis, charting analysis and technical analysis. The firm also utilizes long-term and short-term purchases, short sales, trading, margin transactions and option writing.
Collaborative Wealth Management
Collaborative Wealth Management is a fee-based firm. This means that certain advisors can earn commissions from selling insurance products. While this could create a conflict of interest, the firm is bound by its fiduciary duty to put clients' interests first.
Collaborative Wealth’s client base is composed of non-high-net-worth non-high-net-worth and high-net-worth individuals, as well as pension and profit-sharing plans, charities and corporations.
Collaborative Wealth requires a $100,000 account minimum. Clients pay an asset-based fee for portfolio management, but the firm charges hourly fees for planning and consulting services.
Collaborative Wealth Management Background
Collaborative Wealth is a financial planning and wealth management firm established in 2007. Though the firm’s primary services include investment management and financial planning, it also offers advisor referral services.
Clients using Collaborative Wealth’s financial planning and consulting services can also benefit from the firm’s comprehensive planning, wealth planning and limited planning services.
Collaborative Wealth Management Investing Strategy
Advisors chiefly employ fundamental analysis and technical analysis securities methods. The firm uses an array of sources for its investment research. These include prospectuses, corporate rating services, company press releases and annual reports.
Collaborative Wealth typically recommends long-term investments, and the firm uses index and actively managed mutual funds and exchange-traded funds.
Family Wealth Advisers
FamilyWealth Advisers (FWA) is a fee-based firm headquartered in Lake Mary. It serves both non-high-net-worth and high-net-worth individuals, as well as retirement plans and corporations.
Depending on the account, clients will have a minimum portfolio balance that can range from $500,000 to $1 million.
For those engaging in asset management, there can be an annual fee imposed as a percentage of assets under management. This rate is higher with smaller portfolio balances and lower with larger accounts.
FamilyWealth Advisers Background
FWA registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor in 2017.
The firm is owned by Fintech Fund II, LLLP ("Venture Fund").
FWA offers asset management services, as well as investment programs and retirement plan consulting.
FamilyWealth Advisers Investment Strategy
According to the firm’s brochure, FWA will advise clients on which program (or combination of programs) suit their goals, time horizon and risk tolerance.
FWA says it implements different strategies to build portfolios. These include (but are not limited to):
- Long-term purchases (securities held at least a year)
- Short-term purchases (securities sold within a year)
- Trading (securities sold within 30 days)