Finding a Top Financial Advisor Firm in Miami, Florida
Finding the right financial advisor is no easy undertaking, so SmartAsset stepped up to simplify the search for investors looking for a top financial firm in Miami. Our list of the top 10 Miami financial advisor firms is the result of dozens of hours of research into Miami’s numerous firms. In tables and in reviews, we lay out our findings about these firms and what sets them apart from each other. 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||$5,341,550,200|| |
$150,000 minimum annual fee
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$150,000 minimum annual fee
|2||Finaccess Advisors, LLC Find an Advisor||$4,354,243,300|| |
No set account minimum
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No set account minimum
|3||GenTrust Find an Advisor||$1,182,958,000|| |
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|4||Investor Solutions, Inc. Find an Advisor||$753,322,000|| |
No set account minimum
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No set account minimum
|5||Omnia Family Wealth, LLC Find an Advisor||$508,479,800|| |
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|6||Meg Green & Associates, Inc. Find an Advisor||$470,481,200|| |
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|7||Firestone Capital Management, Inc. Find an Advisor||$375,800,000|| |
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|8||The Lubitz Financial Group Find an Advisor||$195,264,100|| |
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|9||MAXIMAI Investment Partners, LLC Find an Advisor||$151,731,500|| |
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|10||Millares Asset Management, LLC Find an Advisor||$111,201,000|| |
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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 ahead of their own. 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 $5.34 billion, which almost $1 billion more than the second-ranking firm, Finaccess Advisors, LLC.
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 does not serve any individuals. Instead, it caters exclusively to ultra-high-net-worth families. The firm doesn’t have a set account minimum per se, but it does charge a flat fee of at least $150,000 for its family office services. 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, alongside Investor Solutions, 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 seven advisors.
Finaccess Advisors, LLC Background
Finaccess Advisors, LLC was founded in 2009. The registered investment advisor is primarily owned by the investment company, Grupo Finaccess, S.A.P.I. de C.V. 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.
GenTrust, LLC serves ultra-high-net-worth individuals and family offices, as well as institutional investors. The firm has by far the 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 is one of two firms on this list, including Investor Solutions, that has a staff member certified specifically in retirement planning. Alongside a chartered retirement planning counselor (CRPC), GenTrust has one certified financial planner (CFP), one chartered financial analyst (CFA), one certified public accountant (CPA) and one certified investment management analyst (CIMA) on staff.
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.
Investor Solutions, Inc.
Unlike most of the other firms on this list, Investor Solutions, Inc. serves a majority of individuals, rather than high-net-worth or ultra-high-net-worth individuals. Aside from individuals, the firm's wide range of clients includes families, trusts, corporate retirement plan sponsors and non-profit organizations. There’s no set account minimum.
Investor Solutions also stands out because it has the most certified financial planners (CFPs), arguably the most prestigious financial certification. In addition to its eight CFPs, Investor Solutions has one chartered financial analyst (CFA), one certified investment management analyst (CIMA), one certified private wealth advisor (CPWA), one certified public accountant (CPA), chartered retirement plans specialist (CRPS) and one accredited investment fiduciary analyst (AIFA) on staff.
Investor Solutions is a fee-only firm, an important distinction to note when choosing a financial advisor.
Investor Solutions, Inc. Background
Investor Solutions has been in business since 1994. The firm is principally owned by CEO and founder Frank Armstrong and managing partner and senior financial advisor Richard Feldman.
Armstrong founded the firm after a particularly striking moment during his work as a special delivery mailman in Washington, D.C. in 1964. While on his route one day, he watched as a woman reached into her sugar jar where she'd saved just three cents to pay for her two-cent postage. Shocked by the country's economic inequality, Armstrong set out to help people properly manage their money.
Investor Solutions says that it "aims to make the markets work for our clients, never the reverse." It does that by sticking true to its motto: "No commissions! No distractions!" The firm offers financial planning, consulting and investment management.
Investor Solutions, Inc. Investment Philosophy
Investor Solutions’ investment philosophy is based on academic research into market behavior and the sources of returns. The firm’s investment strategy focuses on two things:
- Reducing risk while working toward investment objectives.
- Protecting clients' assets.
Investor Solutions does this with global asset allocation, intended to spread out risk while enhancing returns. The firm uses passive strategies to further lower risk, costs and tax impacts.
Client portfolios are divided into two segments, each with a varying level of risk: equities and fixed income. The equities portion of the portfolio incorporates true global diversification, with an emphasis on smaller companies and value pricing, foreign and domestic real estate and commodities futures. The other segment is fixed income, which is comprised of high-quality, short-duration bonds.
Omnia Family Wealth, LLC
Omnia Family Wealth, LLC is the smallest firm on our list. However, though the multi-family office has just three advisors on its team, it manages an impressive $508 million in assets. Its team boasts two certified financial planners (CFPs) and one certified investment management analyst (CIMA).
Omnia Family Wealth requires a $5 million account minimum, which is the second-highest account minimum on this list. The firm’s clients are primarily high-net-worth individuals and, as its name might suggest, Omnia places a big emphasis on the importance of family.
Omnia Family Wealth is a fee-based firm. Certain employees are also licensed insurance agents and/or representatives of a broker-dealer, and these employees may financially benefit from these affiliations. However, because the firm is a fiduciary, its employees are legally required to put their clients' best interests ahead of their own.
Omnia Family Wealth, LLC Background
Omnia Family Wealth, LLC was founded in 2015, just a year after the youngest firm on our list, Maximai Investment Partners, LLC. Omnia was founded by father-and-son duo Steven Wagner and Michael Wagner, as well as Ivan Hernandez. Steven Wagner serves as CEO, Michael Wagner serves as managing director and Hernandez serves as chief compliance officer and managing director of wealth structure and planning. The three men also own the firm.
The firm says that its name Omnia, which is Latin for "everything," is a reminder that "family is everything.” Omnia's approach is centered on preserving and growing wealth for the future and for future generations. To do this, Omnia focuses on building in-depth relationships with family members and primarily invests for the long term. Omnia Family Wealth keeps its advice, custody of client assets and the products and services that it offers separate from one another. This service model, called the “triangulation of advice,” is intended to ensure the firm is focused on what’s best for the client, not the business.
Omnia's wealth management services include consulting strategies and comprehensive financial planning, which encompasses estate planning, tax planning, insurance planning, family education, philanthropic planning and more. The firm believes that financial planning can serve as a complement to portfolio management, optimizing investment performance.
Omnia Family Wealth, LLC Investment Process
Omnia Family Wealth invests its clients' assets with the goal of meeting their desired outcomes, whether that’s funding a certain lifestyle, pursuing a philanthropic initiative or launching an entrepreneurial venture. Its goal-driven investment strategy emphasizes asset allocation, tax efficiency and cost effectiveness, and it prioritizes risk management over short-term portfolio performance.
Omnia develops an asset allocation based on a client's investment objectives and risk tolerance. The firm uses fundamental analysis when developing investment strategies.
Meg Green & Associates, Inc.
Founded in 1989, Meg Green & Associates, Inc. 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 accredited wealth management advisor (AWMA) and one certified private wealth advisor (CPWA).
Meg Green & Associates requires an account minimum of $2.5 million. It primarily serves affluent individuals and their families, as well as business owners.
Meg Green & Associates is a fee-based firm, one of three on this list. Certain employees of the firm are licensed insurance agents or broker-dealer representatives. Although they may earn commissions for selling products, the firm is bound by its fiduciary duty to put its clients' best interests first.
Meg Green & Associates, Inc. Background
Meg Green & Associates, Inc. has been providing investment advisory services since 1989. The firm is primarily owned by its CEO and president, Todd Battaglia.
Meg Green & Associates offers investment management services and financial planning services, which can either be broad-based or a one-time consultation. The firm also provides advisory services to retirement plans and to plan participants.
In addition to its money management services, Meg Green & Associates has what it calls "value added services." These services include tax-loss harvesting, opportunities for 1031 real estate exchanges, online aggregation service to track outside investments, life, health and long-term care insurance and mortgage loans and the refinancing of existing loans.
Meg Green & Associates, Inc. Investing
Meg Green & Associates' portfolio management services are available to both U.S. and non-U.S. citizens. It serves the latter of the two through its International Private Client service, which follows the same institutional investment management process that the firm provides to its U.S. clients but that emphasizes investments that are not subject to the U.S. tax system.
Meg Green & Associates determines investments and asset allocations according to a each client's objectives, risk tolerance, time horizon, liquidity needs, investment restrictions, tax status and portfolio size. After gathering all of this information and outlining it in an Investment Mandate, the firm builds a portfolio that is designed to be a long-term investment, "with returns judged over a period of five years or longer," it says."
The firm primarily invests its clients' assets in mutual funds and exchange-traded funds, though it may also use equity securities, warrants, corporate debt securities, certificates of deposit, municipal securities, U.S. government securities and real estate, oil and gas interests.
Firestone Capital Management, Inc.
Firestone Capital Management, Inc. was founded in 1991, making it the oldest firm on this list. On top of its years of experience, the firm has four certified financial planners (CFPs), two chartered financial analysts (CFAs) and one registered paraplanner (RP) on staff. Each of the firm’s advisors hold either the CFP designation or CFA certification, or both.
Firestone Capital Management has one of the lowest set account minimums on this list: To be a client, you'll need $500,00 rather than the millions required by some of the other firms. Firestone serves both individuals and high-net-worth clients.
Firestone Capital Management, Inc. Background
Firestone Capital Management, Inc, formed in 1991, is owned by four of its employees: Jack Firestone, president and principal, Carol Kaufman, vice president and principal, Carlos Carbonell, investment advisor and principal, and Anthony Poppe, principal and wealth manager.
Firestone Capital Management says that its mission is to "connect" with its clients and to "focus the collective efforts of [its] team towards making their long-term financial goals a reality." Its services include multi-generational financial planning, cash flow sustainability, retirement planning and analysis, asset protection strategies, estate structuring for estate tax minimization, tax-sheltering strategies, asset building programs, retirement distribution optimization, investment research and asset allocation and performance reporting.
Firestone Capital Management, Inc. Investing Approach
Firestone Capital Management, Inc. believes there "are no shortcuts to wealth." The firm manages each of its client accounts individually, striving to create portfolios that balance clients' objectives with their concerns.
Firestone Capital Management's primary investment strategy is global asset allocation, which is intended to minimize the risk associated with any one market sector or market condition. The firm periodically rebalances client portfolios to maintain target asset allocation, and it will also make adjustments according to changing market conditions and personal circumstances.
The firm uses a range of securities, including mutual funds, individual bonds and real estate investment holdings. Though clients may request that their portfolios include individual stocks and option and margin strategies, the firm does not recommend these.
The Lubitz Financial Group
To be a client of this fee-only firm, you’ll need $500,000, which is one of the lowest set account minimums on the 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.
MAXIMAI Investment Partners, LLC
Founded in 2016, MAXIMAI Investment Partners, LLC is the newest firm on this list. Although it does not have any certified financial planners on staff, it does have one chartered financial analyst (CFA), one certified anti-money laundering specialist (CAMS) and one certified professional in anti-money laundering (CP/AML). The firm's multigenerational and multicultural team boasts a combined 50 years of management experience.
MAXIMAI is one of two firms on this list, alongside WE Family Offices, that does not serve any individuals. Instead, it caters to global ultra-high-net-worth individuals, with a focus on Latin America and the Caribbean. It also serves entrepreneurs and families. The fee-only firm requires a $1 million account minimum.
MAXIMAI Investment Partners, LLC Background
Though MAXIMAI Investment Partners, LLC has only been in business since 2016, the firm says that its principals "came together more than 20 years ago" before finally deciding to break away from the traditional broker model and found a independent firm. The firm is owned by CEO and founder Elizabeth van Walleghem through Cocovan Corp. and co-founder Thomas James Butler through Mayordomo Corp.
The firm's name, MAXIMAI, is derived from the word "maximum." MAXIMAI says that its name is meant to communicate that it offers "maxima service and capability for the most discerning global clients."
MAXIMAI aims to guide its clients through the complexities of working across the globe, and it focuses particularly on wealth preservation. The firm, which operates within an open-architecture environment, offers wealth management, domestic and international estate and trust planning, family office services and access to specialized banking services, attorneys, tax and other professionals.
A unique feature of MAXIMAI Investment Partners is its focus on educating its clients and their family members and keeping them up-to-date on market trends that may affect their financial decisions.
MAXIMAI Investment Partners, LLC Investing Strategy
As is the case with most of the firms on the list, MAXIMAI Investment Partners, LLC begins the investment process with a series of discussions. The purpose of these discussions is to gain a complete understanding of a client’s needs and situation so as to create an individual investment policy statement.
The firm then creates customized portfolios tailored to clients' objectives. It primarily invests its clients in municipal securities, domestic and offshore mutual fund shares, exchange-traded funds, U.S. government securities, options contracts on securities, hedge funds, structured products and private equity investments.
Notably, MAXIMAI says that its portfolios do not prioritize tax efficiency unless a client explicitly requests that it be a primary consideration. MAXIMAI recommends that its clients consult with a tax professional regarding their investments.
Millares Asset Management, LLC
The final firm on our list, Millares Asset Management, LLC, manages $111.2 million in assets. Alongside being the smallest firm on this list in terms of assets under management (AUM), Millares is also one of the smallest in terms of how many advisors it has on staff. The firm has five advisors on its team that includes one certified financial planner (CFP), two certified public accountants (CPAs) and two personal financial specialists (PFS). The firm's affiliation with the account firm, Millares & Company, P.A., gives it an extra edge on understanding clients' tax situations.
Millares Asset Management requires a $1 million account minimum. Its clients include both individuals and high-net-worth individuals.
Millares Asset Management, LLC Background
Millares Asset Management, LLC was founded in 2007. The registered investment advisory firm is owned by founder Maria Millares, partner Ruben Millares and financial planner and client services associate Javier Millares.
Millares says it’s dedicated to helping clients built a "disciplined long-term investment plan that is compatible with our holistic approach to their financial situation." The firm provides investment management, employee benefit retirement plan services, financial planning and consulting services. Its financial planning services encompass personal concerns, like family records and budgeting, as well as education, tax analysis and cash flow, death and disability, retirement and investment analysis.
Millares Asset Management, LLC Investment Philosophy
Millares Asset Management, LLC says that its approach is best for investors who want a buy and hold strategy.
The firm's investing philosophy is based on long-term investing strategies and the modern portfolio theory, which asserts that the markets are intrinsically efficient. Thus, the firm recommends investing in passively managed funds rather than trying to time the market. Millaries says that it takes passive equity investing "a step further" by incorporating low-cost, tax-efficient passive asset class funds that better allow it to tailor portfolios to clients' risk tolerances.
Though the firm primarily uses mutual funds, it may also use portfolios of conservative fixed-income securities and exchange-traded funds.