Finding a Top Financial Advisor Firm in Mobile, Alabama
Finding the right financial advisor can be a challenge because there are a lot of firms to choose from. SmartAsset has done some of the work for you by researching to find the top financial advisor firms in Mobile. Below we lay out our findings about each of these firms and what differentiates them from one another. If you'd like more guidance in your search, SmartAsset’s free financial advisor matching tool can pair you with advisors near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Leavell Investment Management, Inc. Find an Advisor||$1,888,738,236||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Williams Financial Group Find an Advisor||$196,285,986||$250,000|| || |
|3||Sandifer Wealth Management, Inc. Find an Advisor||$182,237,693||$350,000|| || |
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|4||N.D. Pitman & Company, Inc. Find an Advisor||$148,715,373||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Retirement Advisors, Inc. Find an Advisor||$140,686,702||$800,000|| || |
How We Found the Top Financial Advisor Firms in Mobile, Alabama
To find the top financial advisors in Mobile, Alabama, 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:
Leavell Investment Management
Leavell Investment Management, Inc. is the oldest firm on this list, having been founded in 1979. Despite the large amount of money that Leavell manages, you don’t need to be a high-net-worth investor to work with the firm. In fact, the majority of clients are non-high-net-worth individuals, not high-net-worth individuals. The firm also serves pension and profit-sharing plans, charities, businesses, consulting groups and investment companies. There is no required minimum to open an account with Leavell Investment Management.
Leavell Investment Management has a large staff. A few of those advisors are chartered financial analysts (CFAs). The team also includes at least one chartered life underwriter (CLU) and one certified investment management analyst (CIMA). Leavell is a fee-only firm, which means that outside of account management fees, advisors do not make commissions from the sale of securities or insurance products.
Leavell Investment Management Background
Thomas W. Leavell founded Leavell Investment Management (formerly T. Leavell & Associates, Inc.) in 1979. He was the principal owner of the firm until 2014. Now, the firm is owned by its employees. Most employees own up to a 25% share of the firm. Andrew Grinstead serves as the company’s CEO and president.
Leavell Investment Management’s primary service is the management of a client’s investment portfolio. The firm will also occasionally provide financial planning services to clients. That could encompass services such as cash-flow planning, net worth calculations, tax planning or education planning.
Leavell Investment Management Investing Strategy
When building a portfolio for a client, Leavell advisors seek appropriate levels of diversification. That could include investing in individual securities, mutual funds and exchange-traded funds (ETFs), as well as seeking both domestic and foreign exposure. Fixed-income securities are a vital part of the firm’s portfolios because they can help to minimize a portfolio’s overall risk. The firm primarily uses fundamental analysis to evaluate securities.
Leavell Investment Management prefers to take a long-term approach to investing and avoids short-term trading. The firm also avoids portfolio turnover in order to keep trading expenses to a minimum.
Williams Financial Group
Williams Financial Group has millions in assets under management (AUM). The firm's relatively small staff represents professional certifications such as certified financial planner (CFP), chartered financial consultant (ChFC) and chartered life underwriter (CLU).
The minimum portfolio size at the firm is $250,000 but the firm has the right to negotiate the minimum at its discretion. It offers services to individuals, businesses, trusts and estates.
As a fee-based firm, Williams Financial Group employs certain advisors that can receive commissions for insurance product sales. Regardless, the firm abides by fiduciary duty, legally binding it to act in your best interest.
Williams Financial Group Background
Williams Financial Group is a DBA (doing business as) name for WFG Capital Advisors, LLC, which was founded in 2020. Matt Williams and Billy Williams are each 50% owners.
The firm provides investment management services that include customized investment portfolio management, sub-advisory services, financial planning and financial consulting.
Williams Financial Group Investing Strategy
The firm mostly uses equities and ETFs to implement its strategies. It also uses bonds, options and mutual funds. When selecting securities, the firm uses technical and fundamental analysis, as well as other factors that include but are not limited to financial strength factors, price-to-earnings ratios and broad market valuations. Furthermore, the firm uses both long-term and short-term purchases in its approach.
Sandifer Wealth Management
Coming next on our list is Sandifer Wealth Management. The firm’s primary clients include non-high-net-worth individuals, high-net worth-individuals, pensions and profit-sharing plans, trusts, retirement plans and estates. There is a $350,000 account minimum for those who want to open an account.
This is also a fee-only firm. The firm does help clients with insurance-related administrative work like filling out paperwork, but it does not receive any commissions from this work.
Sandifer Wealth Management Background
Sandifer Wealth Management (formerly known as Sandifer & Associates) was founded in 1997 by James E. Sandifer. He is the owner of the firm as well as its president and CCO. The firm was registered as an investment advisory firm in 2013.
Sandifer Wealth Management offers financial planning services and portfolio management services to its clients. Financial planning could address the client’s short-term or long-term goals. In some cases, portfolio management may include recommending the client to third-party account managers, who are advisors who do not work for Sandifer Wealth Management. Fees from these third-party managers are incurred in addition to Sandifer Wealth Management fees.
Sandifer Wealth Management Investing Strategy
Investment portfolios with Sandifer Wealth Management consist mostly of exchange-traded funds (ETFs) and mutual funds. However, the firm will also invest in individual stocks, primarily using fundamental analysis to evaluate stocks. The firm may also invest in fixed-income securities like bonds to provide liquidity and risk management to a portfolio.
N.D. Pitman & Company
N.D. Pitman & Company, Inc. is a fee-only financial advisor. Most of the firm’s clients are individuals, with both high-net-worth individuals and non-high-net-worth individuals. N.D. Pitman & Company also serves pension and profit-sharing plans, charitable organizations, corporations and businesses. There is no account minimum for new clients.
N.D. Pitman & Company Background
Norman D. Pitman, III founded N.D. Pitman & Company in 2005 and is the sole owner. He also serves as president and chief compliance officer (CCO). In addition to being a certified financial planner (CFP), Pitman is also a licensed attorney in the state of Mississippi, though he is not actively practicing and does not offer legal services to clients.
The two main services offered by N.D. Pitman & Company are financial planning and portfolio management. Financial planning covers a comprehensive analysis of the client’s finances and generally includes considering the client’s cash flow, tax situation, investments, insurance policies, retirement goals and estate planning. Portfolio management entails managing investments for a client.
The firm may also provide monitoring services, as well as consultation services for both investment-related and non-investment-related financial questions.
N.D. Pitman & Company Investing Strategy
When selecting which securities to invest in, N.D. Pitman & Company uses the common strategy of fundamental analysis. This technique attempts to measure the intrinsic value of a security by analyzing its finances and how it fits into the overall economy.
Unlike some other advisory firms, N.D. Pitman & Company does not show a particular preference between long-term and short-term investing strategies. According to the firm, it will make long-term purchases when it feels that a security is currently undervalued or if the firm feels the client would benefit from the asset class exposure that a security provides. A short-term purchase may be used to take advantage of a specific market condition.
Retirement Advisors, Inc.
Retirement Advisors, Inc. is a fee-only financial advisor. All of the firm’s current clients are individuals, with both high-net-worth individuals and non-high-net-worth individuals. The firm also serves trusts, estates and charitable organizations.
The firm has a minimum account size of $800,000 and may accept smaller amounts in certain cases.
Retirement Advisors, Inc. Background
Retirement Advisors, Inc. was founded in 1996 by Stephen M. Haidt. Haidt serves as the sole owner of the firm. It offers financial planning and investment advisory services to its cilents.
Retirement Advisors, Inc. Investing Strategy
The firm's investment philosophy involves tilting client portfolios toward small-cap and value stocks, using broad diversification, for a conservative investment approach. It takes a tailored, personalized approach to designing investment strategies for clients. Investment advice is based on extensive research and long-term strategies that incorporate Modern Portfolio Theory.