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 nine 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.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||WE Family Offices Find an Advisor||$10,200,640,735||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Finaccess Advisors, LLC Find an Advisor||$4,591,321,000||No set minimum|| || |
Minimum AssetsNo set minimum
|3||Ingham Retirement Group Find an Advisor||$2,266,282,757||$100,000|| || |
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|4||GenTrust Find an Advisor||$2,324,673,860||$10,000,000|| || |
|5||MAS Advisors, LLC Find an Advisor||$785,574,907||$250,000 to $10 million|| || |
Minimum Assets$250,000 to $10 million
|6||Element Pointe Advisors Find an Advisor||$571,569,931||$5,000,000|| || |
|7||FitzRoy Investment Advisors Find an Advisor||$513,187,389||$15 million|| || |
Minimum Assets$15 million
|8||The Lubitz Financial Group Find an Advisor||$219,978,574|| |
| || |
|9||IFB Wealth Management LLC Find an Advisor||$150,415,232||$250,000|| || |
|10||AZ Apice Capital Management Find an Advisor||$343,205,842||$100,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Miami, 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 accurate as of the writing of this article. 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.
WE Family Offices
WE Family Offices is at the top of our list for Miami and the state of Florida. This boutique firm works exclusively with high-net-worth and ultra-high-net-worth individuals. While WE Family Offices doesn’t have an account minimum, it charges a flat annual fee of $150,000 for its family office services.
WE Family Offices is a fee-only firm. The team holds multiple certifications, including the certified financial planner (CFP), the chartered alternative investment analyst (CAIA), the certified public accountant (CPA), the chartered financial analyst (CFA) and the registered investment advisor (Series 65)
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 services. The firm states that its ultimate goal 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
Like WE, Finaccess Advisors, LLC does not have a set account minimum. Its clients include both non-high-net-worth and high-net-worth individuals, as well as pooled investment vehicles, charitable organizations and corporations.
Finaccess is a fee-only firm, which means its advisors do not receive transaction-based compensation.
Finaccess Advisors Background
The firm 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 Investing Strategy
Finaccess Advisors 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. Along with contributing to the growth of its clients, the firm says that it also wants to contribute to the advancement 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 may also use long-term trading and short-term trading.
Ingham Retirement Group
Ingham Retirement Group, which also goes by Ingham Russell Investment Advisors, works primarily with individuals, high-net-worth individuals and pensions plans.
The practice is fee-based, meaning the firm earns income from commissions in addition to charging management fees. This presents a potential conflict of interest, but the advisors must always act in the best interest of the client.
Ingham has a minimum account requirement of $100,000.
Ingham Retirement Group Background
Kenneth Ingham and Linda Ingham are the principal shareholders of the firm that was founded in 1991. It is connected to Alliance Benefits Group of Florida, which offers a broader range of services, including record-keeping and actuarial services.
Ingham Retirement provides model portfolio management, individual portfolio management, money manager selection, pension consulting services and financial planning services.
Ingham Retirement Group Investing Philosophy
When it comes to investment strategy, Ingham Retirement 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 works primarily with non-high-net-worth and high-net-worth individuals, as well as pooled vehicle investments, funds from foreign countries and institutions, and corporations.
To open an acount, you’ll need at least $10 million. To hit this account minimum, however, the firm allows family members to aggregate their accounts. Also, it may waive the minimum at its discretion.
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 holds multiple certifications, including the certified financial planner (CFP), the certified investment management analyst (CIMA), the chartered financial analyst (CFA) and the certified public accountant (CPA) designations.
GenTrust is a fee-based firm, as some of its employees may earn commissions for selling securities or insurance products. These commissions are separate from and in addition to the firm's advisory fees - and the arrangement may pose potential conflicts of interests. That said, the firm is bound by its fiduciary duty to act in clients' best interests.
GenTrust has been in business since 2011, making it one of the younger 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 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.
MAS Advisor, LLC
MAS Advisors, LLC works primarily with individuals and high-net-worth individuals, as well as pension and profit-sharing plans, insurance companies and corporations. As a fee-only firm, it does not collect commissions on trades or the sale of certain products.
MAS has different minimums depending on the type of client. The firm generally requires individual clients to have a minimum account of $250,000. Institutional clients, however, must invest at least $10 million, and businesses and trusts have a minimum of $5 million.
MAS Advisors Background
Located in Miami, MAS was founded as a limited liability company in 2012. The principal owner is managing member and chief compliance officer Ricardo R. Calderon.
The firm’s Miami team holds the chartered financial analyst (CFA) certification. Other teams in Memphis and Kansas City hold multiple certifications, including the certified financial planner (CFP), the chartered life underwriter (CLU), the chartered financial consultant (ChFC), the enrolled agent (EA) and the accredited asset management specialist (AAMS).
MAS Advisors Management Strategy
MAS offers both discretionary and non-discretionary investment advisory services. The firm manages and evaluates portfolios based on client financial goals and objectives. Services also factor in time horizon and risk tolerance. These include:
- Dynamic alternative asset program
- Portfolio construction and management
- Comprehensive financial planning
- Corporate retirement services
- Risk mitigation and asset protection
- Business planning
- PPLI Insurance SMA Design and Administration
Element Pointe Advisors
Element Pointe Advisors is a boutique firm that works primarily with ultra-high-net-worth individuals. It also serves non-high-net-worth individuals, pooled investment vehicles and pension and profit-sharing plans. Its minimum to be a client is $5 million, though it may waive the requirement at its discretion.
The fee-only firm offers investment management, financial planning, consulting and family office services.
Element Pointe Advisors Background
David Savir and Carlos Dominguez founded the firm in 2016. Prior to forming their own firm, both men served as vice presidents at J.P. Morgan Private Bank. Savir, Element Pointe's CEO, has also worked at Goldman Sachs and has a JD and MBA. Dominguez, who is the firm's president and chief investment officer, previously was a portfolio manager at Alpine Capital Partners and has an MBA from Stanford.
The team holds multiple certifications, including two certified financial planners (CFPs) and one chartered financial analyst (CFA).
Element Point Advisors Investing Strategy
The firm tailors its advice to the client, but generally recommends exchange-traded funds (ETFs), mutual funds, individual debt and equity securities and independent investment managers. It believes that a portfolio's diversification should be across asset classes and geographies. It uses a “core and satellite” approach, which means, it says, "using low-fee index funds for beta exposure in large and efficient markets, while utilizing active managers/funds for exposure to specific sectors, geographies, concentrated positions, or asset classes where we believe that active management can add value."
FitzRoy Investment Advisors, LLC
Founded in 2011, FitzRoy Investment Advisors serves an exclusive client base: It requires clients to have a liquid net worth of at least $15 million. The firm provides advisory services entirely to high-net-worth individuals.
As a fee-only firm, Fitzroy is bound by its fiduciary duty to put its clients' best interests first.
Fitzroy Investment Advisors Background
Fitzroy Investment Advisors is owned by its president and founder, Jose Fernandez.
Fitzroy offers portfolio management services and financial planning services. The firm occasionally selects outside 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 at least $500,000, which is one of the lowest account minimums on this list. The Lubitz Financial Group serves both individuals who have high net worths and those who don't. Institutional clients include pensions and profit-sharing plans. It may waive its minimum requirement at its discretion.
The firm’s team includes four certified financial planners (CFPs), one certified trust and financial advisor (CTFA) 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 95% of the firm.
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 Modern Portfolio Theory. This theory is founded on the assumption that 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.
IFB Wealth Management LLC
IFB Wealth Management LLC is a fee-based firm. Its investment minimum is $250,000, though it may waive the minimum at its discretion. The firm serves individuals and corporations.
That said, according to SEC data, the firm, which started in 2018, has one individual client and one client that is a banking or thrift institution. The latter's assets make up the bulk of the firm's assets under management. Currently, IFB Wealth does not have a website.
The firm earns its fees from the services it provides to you. However, some of its employees may be affiliated with broker-dealers. Through this arrangement, they may earn commissions by selling specific investment products in their individual capacity. This is a potential conflict of interest, but the advisors must always act in the best interest of the client.
IFB Wealth Management Background
The firm is wholly owned by International Finance Bank. IFB Wealth primarily provides investment advisory services on a non-discretionary basis. This generally includes recommending third-party money managers, though the firm may directly manage assets.
IFB Wealth Management Investing Strategy
Investment services include customized asset allocation and selection, investment strategy and regular portfolio monitoring. The advisory typically uses equities, option contracts, bonds and mutual funds registered in the U.S. and fixed income. It may use other securities to help diversify portfolios when suitable. In evaluating investments, the firm applies fundamental and technical analyses.
AZ Apice Capital Management, LLC
AZ Apice Capital Management’s client base consists entirely 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 is a fee-based firm, an important distinction to note when choosing a financial advisor. It means that advisors may receive transaction-based compensation, which can present potential conflicts of interest. That said, as an SEC-registered investment advisor, the firm must always put its clients' interests first.
AZ Apice Capital Management Background
AZ Apice has been in business since 2015. The firm is principally owned by Bruno Gorgatti, Walter Alves 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
Like most firms, AZ Apice bases its investment advice 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.