Finding a Top Financial Advisor Firm in Miami, Florida
Finding the right financial advisor is no easy undertaking, and it's hard to narrow things down in Miami, a large city with many advisors. That's why we've tried to simplify your search by compiling this list of the top 10 Miami financial advisor firms. In tables and in reviews, we lay out our findings about these firms and what sets them apart. If you need more guidance in your search, SmartAsset’s financial advisor matching tool can pair you up with financial advisors near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||WE Family Offices Find an Advisor||$7,344,222,913|| |
None, but $150,000 minimum annual fee
| || |
None, but $150,000 minimum annual fee
|2||Finaccess Advisors, LLC Find an Advisor||$4,388,928,000|| |
No set account minimum
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No set account minimum
|3||Ingham Russell Investment Advisors Find an Advisor||$1,787,256,568||$100,000|| || |
|4||GenTrust Find an Advisor||$1,465,656,240|| |
| || |
|5||FitzRoy Investment Advisors Find an Advisor||$392,033,459||$15 million|| || |
Minimum Assets$15 million
|6||The Lubitz Financial Group Find an Advisor||$215,832,707|| |
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|7||Beta Capital Management, LLC Find an Advisor||$200,001,222||$100,000|| || |
|8||AZ Apice Capital Management Find an Advisor||$158,910,193||$100,000|| || |
|9||EuroCapital Advisors, LLC Find an Advisor||$95,250763||No set minimum|| || |
Minimum AssetsNo set minimum
How We Found the Top Financial Advisor Firms in Miami, Florida
SmartAsset considered all U.S. Securities and Exchange Commission (SEC)-registered firms in Miami for our list of the top 10 financial firms in the metro area. We looked specifically at SEC-registered firms because these firms have a fiduciary duty to put their clients’ best interests first. From there, we eliminated any firms that had disciplinary issues, so our final list only included firms with clean records. We also eliminated any firms that did not manage individual accounts or did not have financial planners on staff. The remaining firms were sorted according to assets under management (AUM), from highest AUM to lowest.
WE Family Offices
WE Family Offices, the first firm on our list of the top 10 Miami financial advisor firms, has the most assets under management (AUM) of any firm on this list. WE Family Offices manages $7.34 billion, which is almost $3 billion more than the second-ranking firm, Finaccess Advisors, LLC. WE also tops our list of the top financial advisor firms in Florida.
In addition to having the highest AUM, WE Family Offices also has the most advisors, with 23 on staff. The firm has two certified financial planners (CFPs), two chartered financial analysts (CFAs), two certified public accountants (CPAs) and two chartered alternative investment analysts (CAIAs).
Notably, WE Family Offices caters exclusively to ultra-high-net-worth families; its average client has more than $60 million in assets managed by the firm. WE family offices doesn’t have a set account minimum, but it does charge a flat fee of at least $150,000 for its family office services (this fee is higher for clients with larger net worths). WE Family Offices is a fee-only firm.
WE Family Offices Background
WE Family Offices was founded in 2000 as TBK Investments. It was purchased by a major bank holding company, but in 2013 the firm's executive management team reclaimed the firm's independence, creating WE Family Offices. The independent, fiduciary firm is now wholly owned by WE Family Offices Holdings, and the firm's principals, Santiago Ulloa, Maria Elena Lagomasino and Michael Zeuner, each have an ownership interest in the firm.
The firm's name, WE, stands for wealth enterprise, which is the phrase the firm uses to describe its wealth management style. WE Family Offices selected this style of management because it believes that families who have been able to successfully grow and protect their wealth have done so because they managed their wealth as though it were a business enterprise.
WE Family Offices strives to help its clients create their own wealth enterprise through its services, which include investment strategy and oversight, back office support and family advisory. The firm's ultimate goal in its family office services is to be a "committed advocate" to its client families' "long-term interests."
WE Family Offices Approach
WE Family Offices takes a highly structured approach to building clients’ wealth enterprises. The firm’s process, which emphasizes families’ unique needs, is three-part:
- Phase 1: The firm gains an understanding of a family's wealth and dynamics, including their holdings, financial provider network, wealth transfer plan, values and communication practices.
- Phase 2: The firm creates a family's holistic plan. This phase includes an evaluation of risk, an assessment of potential tax and estate planning issues, a review of fee structures from outside providers and the alignment of a family's investment portfolio with their goals.
- Phase 3: The firm executes the plan. WE Family Offices provides consolidated reporting, family governance support and education, cash flow analysis and investment oversight.
Finaccess Advisors, LLC
Finaccess Advisors, LLC is one of two firms on this list, along with EuroCapital Advisors, that does not have a set account minimum. Though the firm's clients include individuals, corporations, trusts and SICAV funds, it primarily serves high-net-worth individuals.
The fee-only firm has at least one chartered financial analyst (CFA) on its team of 10 advisors.
Finaccess Advisors, LLC Background
Finaccess Advisors, LLC was founded in 2009. The registered investment advisor is primarily owned by Grupo Finaccess SAPI de CV. Grupo Finaccess is made up of several companies, including Finaccess México, Finaccess Capital and Finaccess Servicios Corporativos.
The firm’s services, which include wealth management and investment advisory services encompassing financial planning, retirement planning and trust services, are tailored to clients' specific needs, goals and objectives.
Finaccess Advisors, LLC Investing
Finaccess Advisors, LLC says that it strives to preserve and grow its clients' wealth in a "sustained and sustainable manner," with an emphasis on risk management and corporate governance. Alongside contributing to the growth of its clients, the firm says that it also wants to contribute to that of society.
Finaccess Advisors’ investment committee is responsible for recommending investments for client portfolios. Investment recommendations are based on clients’ financial objectives and risk tolerance. Aside from its tailored strategy, Finaccess Advisors, LLC may also use long-term purchases, short-term purchases and trading.
Ingham Russell Investment Advisors
Our next firm counts individuals, high-net-worth individuals and pension plans among its clients. Ingham Russell Investment Advisors has a fairly large staff with 10 advisors, and it's fee-based, meaning the firm earns income from commissions in addition to charging management fees.
The firm has a minimum account requirement of $100,000.
Ingham Russell Investment Advisors Background
Kenneth G. Ingham and Linda M. Ingham are the principal shareholders of Ingham Russell Investment Advisors, which was founded in 1991. The firm is a division of Ingham Retirement Group, which offers a broader range of services including record-keeping and actuarial services.
Ingham Russell Investment Advisors provides model portfolio management, individual portfolio management, money manager selection, pension consulting services and financial planning services.
Ingham Russell Investment Advisors Investment Philosophy
When it comes to investment strategy, Ingham Russell prioritizes asset allocation over security selection, looking to find the right balance of securities, fixed income, and cash for every client’s risk tolerance and investment goals.
The firm also stresses the importance of a long-term perspective for clients looking to achieve stable investment returns. Consequently, it doesn’t spend much time engaging in short-term purchasing or trading.
GenTrust, LLC serves ultra-high-net-worth individuals and families, as well as institutional investors. The firm has the second-highest account minimum on this list: You’ll need at least $10 million to become a client. To hit this account minimum, however, the firm allows family members to aggregate their accounts.
For Miamians eyeing retirement, it’s worth noting that GenTrust has a staff member certified specifically in retirement planning. Alongside a chartered retirement planning counselor (CRPC), GenTrust has a certified financial planner (CFP), three chartered financial analysts (CFAs), one certified public accountant (CPA) and two certified investment management analysts (CIMAs) among its 15 advisors.
GenTrust is a fee-based firm, as some of its employees may earn commissions for selling securities or insurance products. However, these commissions are separate from and in addition to the firm's advisory fees. Moreover, the firm is bound by its fiduciary duty to act in clients' best interests.
GenTrust, LLC Background
GenTrust, LLC has been in business since 2011, making it one of the youngest firms on this list. The firm is completely owned by management.
GenTrust was founded by a team of experienced financial advisors and investors who wanted to combine honest investment advice with the risk management-focused investment style typically reserved for large institutions. The firm’s services include wealth management, investment management, risk management, financial planning and consulting services. Additionally, it offers alternative investments and municipal bond management.
GenTrust, LLC Investment Philosophy
GenTrust's investment principles are based on academic and proprietary research. The firm's primary emphasis is on asset allocation, and it strives to achieve the optimal asset allocation for each client based on his or her risk tolerance. The firm aims to make client portfolios stable across market environments, and thus it relies on macroeconomic risk factors to set long-term asset allocation. To evaluate potential risk, the firm uses forward-looking scenario-based risk management.
Aside from asset allocation, GenTrust prioritizes low costs, diversification and tax efficiency in its client portfolios. Though the exact construction of client portfolios depends on individual clients’ investment objectives, GenTrust typically uses independent managers, mutual funds, exchange-traded funds, individual debt and equity securities, options and futures.
FitzRoy Investment Advisors, LLC
Founded in 1989, FitzRoy Investment Advisors boasts the most years of experience of any firm on this list. Although the firm does not have any certified financial planners (CFPs) on staff, it does have one chartered financial analysts (CFA) and one chartered alternative investment analyst (CAIA).
Fitzroy serves an exclusive client base: It requires an account minimum of $15 million, and it provides advisory services to just 13 high-net-worth individuals. Fitzroy is a fee-only firm, one of three on this list. The firm is bound by its fiduciary duty to put its clients' best interests first.
Fitzroy Investment Advisors Background
Fitzroy Investment Advisors has been providing investment advisory services since 2011. The firm is owned by its president and founder, Jose Fernandez.
Fitzroy offers portfolio management services and financial planning services. The firm occasionally selects other advisors for its clients as well.
Fitzroy Investment Advisors Investing Philosophy
Fitzroy Investment Advisors creates customized asset allocation programs for each of its clients, tailoring to the client's short-term and long-term objectives, risk tolerance, time horizon and liquidity needs.
The firm primarily provides recommendations on mutual funds, exchange-traded funds (ETFs), pooled investment vehicles and separate investment managers. It typically doesn’t give advice on individual securities, though it may refer clients to third parties for advice of that sort.
The Lubitz Financial Group
To be a client of this fee-only firm, you’ll need $500,000, which is one of the lowest account minimums on this list. The Lubitz Financial Group primarily serves high-net-worth individuals. It says that its clients typically seek its services when they’re in a time of transition.
The firm’s team includes three certified financial planners (CFPs), one certified trust and financial advisor (CTFA), one certified investment management analyst (CIMA) and one accredited estate planner (AEP).
The Lubitz Financial Group Background
The Lubitz Financial Group was founded in 1997. Linda Lubitz Boone, the firm's founder, president and chief compliance officer, owns 100% of the firm’s stock.
The Lubitz Financial Group views wealth management as a "lifetime process which includes the act of planning for, and prudently addressing life events." The firm's services include investment advisory services, life transition planning and financial planning. It provides advice on a wide range of issues, including tax planning, insurance review, education funding planning, retirement planning, estate planning, identification of financial problems and cash flow management.
The firm offers an introductory meeting free of charge.
The Lubitz Financial Group Investing Style
The Lubitz Financial Group relies on a combination of active and passive management styles to oversee its client portfolios. The firm says that it believes that while passive investment management is "well-diversified and effective in some parts of the markets, not all parts of all markets are well suited to the passive approach." For the parts of the market that it deems unsuited to this approach, the Lubitz Financial Group uses stocks and bonds.
Another guiding principle of the firm's investment approach is the modern portfolio theory. This theory is founded on the assumptions that investors are risk averse and the markets are efficient. It eschews the notion of trying to beat the market, instead focusing on the portfolio as a whole and the correlation between asset classes.
The Lubitz Financial Group primarily invests its clients assets in no-load mutual funds and exchange-traded funds, typically through discount brokers or fund companies.
Beta Capital Management
Beta Capital Management has 20 advisors on staff, the second-most of any firm on this list. The firm is fee-based, and many advisors are affiliated with Beta Capital Securities, LLC, a broker-dealer; this means they may earn commissions on some transactions in addition to charging management fees. This presents a potential conflict of interest, but the firm has a fiduciary duty to only recommend financial products that are in their clients' best interests.
Beta Capital works with individuals and high-net-worth individuals but doesn’t currently work with any institutional clients. Clients must have at least $100,000 in investable assets to work with Beta Capital.
Beta Capital Management Background
Founded in 2011, the firm is 100% owned by Credit Andorra U.S.G.P., a financial group located in Andorra (a small principality between France and Spain). The firm provides investment supervisory services including asset management and investment advice. The firm also provides advice to clients on non-investment matters such as financial planning, taxation issues and estate planning.
Beta Capital Management Investment Philosophy
When it comes to analyzing securities, the firm uses a fairly wide variety of techniques including charting, fundamental analysis, technical analysis and cyclical analysis.
Beta Capital tailors its investment strategies to each individual client, so it can toggle between passive and active management. It uses a mix of long-term purchases, short-term purchases, trading, margin transactions and more to fit the client’s goals and risk tolerance.
AZ Apice Capital Management, LLC
Similar to Fitzroy Investment Advisors, AZ Apice Capital Management’s client base consists solely of high-net-worth individuals. Despite that, the firm’s account minimum of $100,000 is the lowest of any on this list.
AZ Apice has no certified financial planners (CFPs) or chartered financial analysts (CFAs) among its four advisors. Founded in 2015, the firm is the youngest of any on this list. AZ Apice is a fee-based firm, an important distinction to note when choosing a financial advisor.
AZ Apice Capital Management Background
AZ Apice has been in business since 2015. The firm is principally owned by Bruno Gorgatti, Walter Alves, PierGiacomo Rock and AZ US Holdings, Inc. - the latter a subsidiary of an Italian corporation called The Azimut Group.
The firm provides asset management services, investment advisory services and consultations on financial planning matters, including taxation concerns, trust issues and estate planning.
AZ Apice Capital Management Investment Philosophy
AZ Apice’s investment philosophy is based heavily on factors specific to each individual client, including but not limited to risk tolerance, time horizon, cash flow needs and investment objectives. After considering these factors, the firm will craft a mix of long-term purchases, short-term purchases, trades, short sales, margins transactions and options.
Client portfolios are typically invested in exchange-traded funds (ETFs), mutual funds, equities, options, bonds and other products.
EuroCapital Advisors, LLC
EuroCapital Advisors is the smallest firm on our list, with three advisors and 12 clients, all of them high-net-worth individuals. However, though the multi-family office has just three advisors on its team, it manages $95 million in assets. None of the advisors are certified financial planners (CFPs) or chartered financial analysts (CFAs).
EuroCapital Advisors doesn’t maintain account minimum. It is a fee-only firm, meaning it receives compensation exclusively from the fees it charges its clients - not from commissions or the sale of products like insurance. This eliminates potential conflicts of interest.
EuroCapital Advisors Background
EuroCapital Advisors was founded in 2001 by Pablo Alonso and Patricio Diez. Diez serves as the firm’s managing director, and Alonso serves as the firm’s president. Invonete M. Leite, the third advisor, is the vice president of the firm.
EuroCapital's services include an asset management program and an advisory referral program. In the asset management program, the firm creates a customized asset allocation and portfolio that is tailored to each individual client’s preferences and objectives. In the advisory referral program, the firm sets its clients up with a third party money manager who can manage a portion or all of the client’s portfolio.
EuroCapital Advisors Investment Philosophy
EuroCapital develops an asset allocation based on a client's investment objectives and risk tolerance. The firm uses fundamental analysis and Modern Portfolio Theory when developing investment strategies.
Fundamental analysis involves examining the underlying economic and financial factors of a security in order to measure its intrinsic value. Modern Portfolio Theory is the idea that achieving the proper asset allocation in accordance with risk tolerance is the biggest determining factor in the long-term success of a portfolio.