Top Financial Advisors in Lancaster, PA

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RKL Private Wealth is a fee-only firm that works with various client types, including individuals (with and without a high net worth) and institutions. The firm doesn’t require a minimum investment to open an account. However, it imposes a minimum annual asset-based fee of $10,000.

Advisors at this firm hold a number of financial credentials. These include the Certified Financial Planner™ (CFP®) and certified public accountant (CPA) designations, among others. 

As a fee-only firm, RKL Private Wealth and its advisors do not earn third-party compensation for selling financial products and services to their clients. 

RKL Private Wealth Background

RKL Private Wealth, also known as RKL Wealth Management, has been active in the industry since 1999. Today, it is a wholly-owned subsidiary of RKL LLP, a regional certified public accounting firm.

The firm extends its services to individuals, businesses, trusts, estates, charities and corporate retirement plans. RKL provides families and individuals with various stand-alone financial planning services from investment planning to insurance review as well as trust and fiduciary services. 

RKL Private Wealth Investment Strategy

RKL Private Wealth seeks to construct portfolios based on the client’s individual financial situation and objectives. The firm adheres to a core-satellite strategy, which calls for investing a core group of assets that provide stability while diversifying with actively-managed satellite assets. Specificially, the firm may invest your assets in the following securities if deemed appropriate:

• Stocks
• Bonds
• Mutual funds
• Exchange-traded funds (ETFs) 

The firm may also utilize the services of separate account managers or sub-advisors to manage part or all of your portfolio. This may be the case if you have a particularly large asset base.

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At fee-only Atwater Malick (AM), the team includes one Certified Financial Planner™ (CFP®) and one chartered financial analyst (CFA). To open an account with this firm, you’d generally need a minimum investment of $1 million. However, the firm may be willing to lower this requirement in certain situations.

According to the firm’s most recent SEC filings, AM serves slighly more high-net-worth individuals as it does people who don't have a high net worth. It also extends its services to businesses, retirement plans and charities.

Atwater Malick Background

Ben Atwater and Matt Malick founded Atwater Malick in 2008. Both remain principal owners to this day.

The firm works with individuals, high-net-worth individuals, trusts, estates, charities and corporations. AM provides investment management services as well as various financial planning offerings. You can approach the firm for guidance around life insurance, divorce, tax concerns, retirement planning and more. 

For investment advisory services, the firm charges a percentage of assets under management (AUM), as well as hourly fees for financial planning. However, there is a $5,000 minimum fee for financial planning services.

Atwater Malick Investment Strategy 

Atwater Malick primarily relies on its clients' investor profiles when building diversified portfolios and making investment decisions. It aims to design asset allocation models based on factors like the client’s long-term investment goals. AM notes that it “utilizes investment strategies that are designed to capture market rates of both return and risk.”

The firm also discourages frequent trading, which can affect investment performance through increased brokerage and other transactional costs, as well as taxes. Instead, AM trends toward using a buy-and-hold investment strategy.

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PSI Capital Management, formerly known as Planning Strategies, Inc., is a fee-only firm that offers a variety of services. 

Account minimums to receive investment management services at PSI vary based on the portfolio program you choose. But the minimum generally ranges from $100,000 to $200,000. The firm may waive its minimum requirements for certain clients. 

The team here features chartered financial analysts (CFAs), chartered financial consultants (ChFCs), a retirement income certified professional (RICP) and a Certified Financial Planner™ (CFP®).

PSI Capital Management Background

PSI Capital Management has been in business since 2001. The majority owners of the firm are chief compliance officer (CCO) Scott Smith and chief investment officer (CIO) Gregory Staub. Both still work for the firm as managing partners.

PSI Capital offers financial planning, consulting, pension consulting and investment management services. It currently works mostly with individuals and high-net-worth individuals. In addition, the team specializes in special needs planning for families with loved ones with a disability. It can also help clients manage foundations and other charitable entities.

As a fee-only practice, PSI Capital Management and its advisors do not receive third-party compensation for selling or recommending securities or insurance products. 

PSI Capital Management Investment Strategy

PSI Capital Management employs what it calls Paradigm Shift Investing. According to its website, “Paradigm Shift Investing is analyzing a client’s financial situation first, then using what is discovered to build an active, living, breathing financial plan that serves as a guide to drive all current and future financial and investment decisions.”

In meeting these goals and managing diversified portfolios, the firm may work with clients and other financial professionals. These can include accountants, attorneys, mortgage brokers and insurance agents. 

When it comes to picking investments for client portfolios, the firm typically relies on mutual funds and ETFs. The firm may also provide advice on investments that clients had in their portfolios when they began their relationship with PSI Capital. 

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Omicron Advisors is a fee-only firm that works with individuals, high-net-worth individuals and institutional clients, including pensions and profit-sharing plans, corporations and charities. The firm can also serve partnerships and trust accounts. 

Omicron’s small team of advisors comprises two Certified Financial Planners™ (CFPs ®), one of whom is also a certified public accountant/personal financial specialist (CPA/PFS). Notably, Omicron does not impose a minimum account size. 

As a fee-only firm, Omicron Advisors earns compensation solely from the fees that its clients pay for financial advisor – not third-party commissions for selling financial products and services. 

Omicron Advisors Background

The firm was founded in 2012 and is jointly owned by Ross Christian Burnam and Ross Wilson Burnam.

Services offered by this firm encompass a wide range of financial needs, including investment planning, life insurance, addressing tax concerns, retirement planning, college planning, and debt/credit planning.

Omicron Advisors employs a tiered fee structure for their investment supervisory services, starting at 1.5% for the first $100,000 of assets. The fee percentage decreases as asset levels increase. Alternatively, fixed fees are negotiable but will not exceed 2% of assets or $100,000 annually. Pension consulting fees are also negotiable, capped at 2% of assets. For financial planning, the firm charges fixed fees ranging from $2,500 to $10,000 annually, with a maximum of $30,000, and hourly fees up to $350. 

Omicron Advisors Investment Strategy

Omicron Advisors emphasizes diversification and passive investment strategies. When crafting portfolios, the firm aims to create tailored investment solutions that align with each client's unique financial situation and long-term objectives. The firm typically invests in exchange-traded funds (ETFs) and mutual funds, while occasionally incorporating single security equities and fixed-income instruments into portfolios.