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Top Financial Advisors in Lakeland, FL

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Lakeland, FL

You’ll have access to many different advisor firms in Lakeland, Florida, but it’s important that you choose the most suitable advisor. To help you with your search, we’ve created a list of the area’s top firms, which we based on assets under management (AUM), advisory services, fee structure and more.

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Core Wealth Advisors, Inc. Core Wealth Advisors, Inc. logo Find an Advisor

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$411,948,858 No set account minimum
  • Portfolio management
  • Financial planning
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors

What We Use in Our Methodology

To find the top financial advisors in Lakeland, 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:

  • 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 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.

Core Wealth Advisors

Fee-only firm Core Wealth Advisors provides various advisory services to individuals, high-net-worth individuals and retirement plans. The firm has advisors who are certified financial planners (CFPs), certified public accountants (CPAs), personal financial specialists (PFSs) and chartered retirement plans specialists (CRPSs). 

Core Wealth primarily charges asset-based fees (1.50%) for wealth management, as well as hourly fees for standalone financial planning. The firm doesn’t impose a minimum account size requirement. 

Core Wealth Advisors Background

Founded in 2013, Core Wealth is principally owned by Charles Foss. The firm’s advisory services consist of portfolio management, financial planning and selection of other advisors. The firm markets those services to people going through life transitions, executives and entrepreneurs, professional athletes and people approaching retirement. 

Core Wealth’s financial planning services also delve into additional areas of wealth management, including:

  • Estate planning
  • Risk management 
  • Budgeting and cash flow controls
  • Retirement planning
  • Education funding
  • Investment portfolio design

Core Wealth Advisors Investment Strategy

Core Wealth’s investment strategies include long-term purchases and short-term purchases. Long-term purchases are securities purchased with the expectation that they’ll be held for at least a year. Short-term purchases are typically sold within a year. 

Core Wealth mainly invests in mutual funds, exchange-traded funds, individual bonds and fixed-income investments. The firm will incorporate individual stocks only if they’re transferred in for tax purposes.

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.

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