Finding a Top Financial Advisory Firm in Maitland, Florida
Looking for a financial advisor in Maitland, Florida? You’ve come to the right place. We conducted extensive research to find the top financial advisor firms in Maitland, pulling data from the Securities and Exchange Commission (SEC) site and reading the fine print.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Delta Advisory Group, Inc. Find an Advisor||$153,628,041||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Spraker Wealth Management Find an Advisor||$196,395,130||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Carpenter, Claydon Advisors, Inc. Find an Advisor||$210,000,358||$500,000|| || |
|4||Dorman Financial Management Find an Advisor||$143,225,629||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Maitland, 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.
Delta Advisory Group
Delta Advisory Group leads off our list of the top-rated financial advisors in Maitland. With no account minimum, this fee-based practice primarily works with individual clients who fall below the high-net-worth threshold. However, the firm also works with high-net-worth individuals, corporations and businesses.
The firm's portfolio management fee is based on a percentage of assets under management and can reach up to 2.95% of your portfolio's market value. Delta also provides standalone financial planning and consulting services at a rate of $195 to $295 per hour.
The firm has several credentialed advisors on staff, including a certified financial planner (CFP), a certified public accountant (CPA) and an accredited investment fiduciary (AIF). But keep in mind that as a fee-based practice, some Delta advisors may earn commissions when recommending insurance. This constitutes a conflict of interest since commissioned-based compensation creates a financial incentive to recommend certain products and services over others. However, the firm and its advisors must act in your best interests.
Delta Advisory Group Background
Founded in 1996, Delta Advisory Group is the longest-tenured practice on this list. Founded by Charles "Buddy" Smith Jr., the firm is currently principally owned by Clarence-Pelton, Ltd.
While the firm's services are primarily concentrated on discretionary portfolio management, Delta also provides comprehensive financial planning that seeks to predict your future cash flows, asset values and withdrawal plans.
Delta Advisory Group Investment Strategy
Delta's investment strategy is based on a combination of fundamental and technical forms of analysis. While the former uses economic data and company financials to determine the intrinsic value of an asset, the latter examines price movements to identify market patterns.
The firm manages portfolios using five general "shells" – income, income and growth, balanced, growth and income, and growth. Prior to allocating your assets using one of these strategies, the firm will carefully consider your specific investment objectives and constraints.
Spraker Wealth Management
Spraker Wealth Management is a fee-only financial advisory firm whose team includes a certified financial planner (CFP) and a chartered financial analyst (CFA). You don’t need to maintain a minimum account size to receive services from Spraker Wealth Management. It primarily serves individuals and does not collect fees from third parties for investing client assets in their products.
Spraker Wealth Management Background
Susan Spraker founded Spraker Wealth Management in 2008 when she left another Maitland firm that she had co-founded. She retired at yearend 2022.
John M. West III, a CFP, is now the majority owner of Spraker West Wealth Management. As of January 2023, Kyron Harold, a CFA, assumed the role of chief compliance officer
The investment team monitors portfolios on a continuing basis and makes adjustments accordingly.
Spraker Wealth Management Investing Strategy
As noted earlier, Spraker Wealth Management takes an active approach to investing. It relies on market research and the expertise of its investment team to build portfolios that can earn more than what a passively managed portfolio would return. The firm describes its management style as "high touch" and "flexible." Advisors look to tailor investment advice to the individual needs and financial situations of clients.
The firm states on its website that it invests in the sectors that offer the most growth in the current economic cycle. The firm may take capital gains and rebalance your portfolio throughout the year instead of waiting until the end of year for possible losses.
Carpenter, Claydon Advisors
At Carpenter, Claydon Advisors, the investment management team includes such certifications as certified financial planner (CFP) and accredited investment fiduciary (AIF). To receive investment management services, you’ll need a minimum account size of $500,000. The firm, though, may waive this requirement at its discretion. The practice primarily works with individuals, including high-net-worth individuals.
This is a fee-only firm, so investment fees are the only way advisors at the firm make money. Advisors do not sell third-party products and services for commissions.
Carpenter, Claydon Advisors Background
Carpenter, Claydon Advisors was founded in 2007. Deborah Claydon is the sole owner. She leads a team that provides the following services:
- Financial planning and consulting
- Portfolio management
- Non-discretionary asset allocation and portfolio monitoring/review
- Pension consulting
Carpenter, Claydon Advisors Investing Strategy
Carpenter, Claydon Advisors utilizes investment strategies that adhere to the risk profiles and goals of their clients. Unlike most advisory firms though, this practice does not engage in qualitative or quantitative analysis of individual securities. Instead, these advisors diversify portfolios primarily with mutual funds and exchange-traded funds based on the client's risk tolerance, income needs and tax sensitivity.
Dorman Financial Management
Dorman Financial Management does not require a minimum account size. The majority of Dorman Financial Management clients are individual clients without a high net worth, although the firm also works with high-net-worth individuals, pensions and profit-sharing plans.
The Dorman team includes a certified financial planner (CFP) and a certified public accountant/personal financial specialist (CPA/PFS). As a fee-based practice, your advisor may be a licensed insurance agent who earns sales commissions. These dual roles may potentially pose conflicts of interest. But keep in mind that the firm and its representatives must act in your best interests at all times.
Dorman Financial Management Background
Dorman Financial Management has been providing investment management services since 2003. Founder James Dorman, who started his career in accounting, remains the sole owner. The team provides portfolio management on a discretionary and non-discretionary basis, as well as financial planning and consulting.
Dorman Financial Management Investing Strategy
Dorman builds portfolios based on the risk tolerance of the client. According to SEC data, assets under the firm's management are primarily invested in registered investment companies (such as mutual funds and exchange-traded funds). When evaluating stocks and other types of investments, the firm applies the following research methods: