Finding a Top Financial Advisor Firm in Newtown, Pennsylvania
Finding the right financial advisor for your needs can be difficult. To simplify the process, we’ve created a list of the top financial advisor firms in Newtown. We compared each firm’s assets under management (AUM), fee structure, client base and investment strategies. You can also use SmartAsset’s free financial advisor matching service to connect with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Main Street Financial Solutions, LLC Find an Advisor||$1,568,586,836||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||JMAC Enterprises, LLC Find an Advisor||$630,953,644||$500,000|| || |
|3||Towercrest Capital Management, LLC Find an Advisor||$606,770,591||$250,000|| || |
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|4||Brick and Kyle Associates, Inc. Find an Advisor||$376,743,918||$250,000|| || |
|5||Innova Wealth Partners, LLC Find an Advisor||$177,452,000||$100,000|| || |
|6||Vericrest Private Wealth, LLC Find an Advisor||$121,149,333||$1,000,000|| || |
|7||46 Peaks Investment Advisory Group Find an Advisor||$182,321,461||Varies by account type|| || |
Minimum AssetsVaries by account type
|8||TFG Wealth Management, LLC Find an Advisor||$152,470,050||$250,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Newtown, 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.
Main Street Financial Solutions
At the top of the list, Main Street Financial Solutions is a fee-based firm offering a range of advisory services for fixed or annual fees. Some of Main Street's advisors can also earn commissions from selling insurance products. This may create a potential conflict of interest, but advisors have the fiduciary duty to put client interests first.
Main Street’s client base is made up of non-high-net-worth individuals and high-net-worth individuals, as well as charitable organizations. The firm has no set account minimum. There are also many certified financial planners (CFPs) working at the firm.
Main Street Financial Solutions Background
Founded in 2002 and owned by Brett Danko, Main Street offers portfolio management and financial planning and consultation services. The firm’s financial planning services may also encompass some of the following areas of planning:
- Retirement planning
- Business planning
- Insurance planning
- College savings planning
- Estate planning
Main Street Financial Solutions Investment Strategy
Main Street generally invests client assets in mutual funds, exchange-traded funds (ETFs), individual debt and equity securities, independent investment managers and options. The firm strives to increase investment return by using multiple asset classes in its portfolio construction.
The firm's website notes that it ensures each client’s investment objectives align with the investment strategies employed by advisors.
JMAC Enterprises actually does business under two other firm names, both of which operate out of the same office. These related firms are called Brick House Strategic Wealth and JW Nova Wealth Partners.
If you want to open an account with either of these firms, you’ll likely need at least $500,000 in investable assets. The firm may be willing to waive this minimum, though.
As a fee-based firm, some of the advisors at JMAC’s related firms can sell insurance products to clients for a commission. While this presents a potential conflict of interest, the firm’s fiduciary duty means it must act in your best interest.
JMAC Enterprises Background
The term “JMAC” is an abbreviation for this firm’s two founders, Robert Macaulay and John Whitehead. The duo own the firm indirectly through two separate entities called Brick House Advisory, Inc. and Sebvivi Enterprises, Inc. The firm has been in business since 2017.
Financial planning services here can morphed into whatever the client needs. Things are similar with the firm’s investment management services, which are customized according to your needs.
JMAC Enterprises Investing Strategy
When you become a client of JMAC, you’ll work with an advisor to build an investor profile for yourself. This will help the firm to create a plan for your investment portfolio that fits your overall situation. For instance, they’ll take into account your risk tolerance, time horizon, long-term goals, income needs and more.
According to the firm’s Form ADV, it typically invests in some combination of individual stocks and bonds, mutual funds, exchange-traded funds (ETFs) and independent managers.
Towercrest Capital Management
Fee-only financial advisor firm Towercrest Capital Management serves almost entirely non-high-net-worth and high-net-worth individuals. It also maintains advisory relationships with other investment advisors.
The firm requires clients to have at least $250,000 to open an account, though this minimum is waivable. Towercrest’s lone advisor holds a couple of qualifications, namely chartered financial analyst (CFA) and certified public accountant (CPA).
Towercrest Capital Management Background
Towercrest was founded in 2009 by Curt Snyder and Griffin Haviken. Haviken no longer works at the firm, and ownership of Towercrest is now solely in the hands of Snyder. Snyder has around 25 years of experience in the financial services industry.
The independent firm may also offer net worth analysis, tax planning, estate planning, risk management and retirement planning services.
Towercrest Capital Management Investing Strategy
The firm describes its investment approach as one that combines “top-down” and “bottom-up” strategies to minimize risk and generate significant return. On its website, Towercrest also says it believes capital markets are more efficient over long-term periods.
The firm generally uses ETFs when building client portfolios, and it employs four key investment methods: portfolio diversification, tactical asset allocation, macroeconomic factor analysis and portfolio rebalancing.
Brick & Kyle Associates
Brick & Kyle Associates, also known as Brick Wealth Management, is a fee-based firm offering various advisory services to high-net-worth and non-high-net-worth individuals. It also works with some charitable organizations. The firm requires a minimum account balance of $250,000.
Brick Wealth’s team holds various certifications, including certified financial planner (CFP), chartered life underwriter (CLU) and chartered financial consultant (ChFC). Though some of the firm’s advisors may recommend or sell certain products for commissions (which is a potential conflict of interest), the firm is bound by its fiduciary duty to put its clients’ best interests.
Brick & Kyle Associates Background
In business for more than 30 years, Brick Wealth is a family-owned investment firm offering portfolio management and financial planning services. The firm also provides tax and retirement planning services. The firm gives retirees and pre-retirees access to individual retirement counseling and retirement education seminars.
Brick & Kyle Associates Investment Strategy
Brick Wealth chiefly uses equity, fixed income and balanced portfolio strategies to achieve capital appreciation. The firm says on its website that it allocates assets across different asset classes in to enhance its investment return rates.
Brick Wealth says it may also diversify portfolios to reduce volatility.
Innova Wealth Partners
Innova Wealth Partners is a fee-based firm with a team that includes one certified financial planner (CFP), one accredited investment fiduciary (AIF) and one chartered alternative investment analyst (CAIA).
Clients at Innova are a majority non-high-net-worth individuals. There are also some high-net-worth clients, plus a small number of corporate pension and profit-sharing plans. The minimum account size here is $100,000, though this is waivable.
Though the firm itself does not earn commissions, some advisors do earn commissions for selling insurance products. This is a potential conflict of interest, but the firm has a fiduciary duty to always act in the best interests of its clients.
Innova Wealth Partners Background
Innova was originally founded in 2013, but changed to its current name in 2017. The principal owners are Ian Andrew Foster and William Haywood Bromley, Jr. This duo are also the firm's co-founders.
Services offered at the firm include investment supervisory services, asset allocation, portfolio monitoring and educational seminars.
Innova Wealth Partners Investment Strategy
Long- and short-term trading are used by advisors at Innova. Most of the money at the firm, around 84% is invested in mutual funds. Around 10% is invested in stocks, and the rest is in bonds and cash holdings.
Vericrest Private Wealth
Vericrest Private Wealth only works with high-net-worth individuals. Unsurprisingly, the firm requires a minimum account balance of $1 million to engage in services. The firm, however, can choose to waive this requirement.
As a fee-only firm, Vericrest earns compensation solely from clients. This means that the advisory team does not collect any compensation from third-party financial services firms for investing client assets in their products.
Vericrest Private Wealth Background
Headquartered in Newtown, Vericrest is a registered investment advisor that was founded in 2020. The firm is under the ownership of founder Griffin Haviken, who used to work at Towercrest Capital Management, the third firm on our list.
Services at Vericrest include general and specific financial planning, investment management and specialized retirement planning.
Vericrest Private Wealth Investing Strategy
Vericrest Private Wealth manages and evaluates portfolios based on client goals and objectives. This includes going over your personal risk tolerance, time horizon, income needs, financial goals and any other applicable factors.
46 Peaks Investment Advisory Group
46 Peaks is a fee-only firm that works with a nearly even split of high-net-worth and non-high-net worth individual investors. The only institutional clients of the firm are pension and profit-sharing plans. In additon, three certified financial planners (CFPs) work at the firm.
The minimum account size varies based on the type of account, but is generally either $100,000 or $500,000. Fees are based on a percentage of assets under management.
46 Peaks Investment Advisory Group Background
46 Peaks Investment Advisory Group is tied for the title of newest firm on our list, as it was founded in 2020 like Vericrest Private Wealth. It is 100% owned bu Louis Fancher III and Erik Mosholt.
Services include investment management, financial planning, insurance and retirement plan consulting.
46 Peaks Investment Advisory Group Investing Strategy
Most of the money at 46 Peaks is invested in mutual funds. Individual stocks are also used extensively, making up around a quarter of all investment. No individual bonds are used as part of investment plans.
TFG Wealth Management
TFG Wealth Management is an advisory firm that works mostly with non-high-net-worth and high-net-worth individuals. Other clients of the firm include charitable organizations and businesses. The advisory team here includes one financial paraplanner qualified professional (FPQP) and one certified retirement planner (CRP). The minimum account size for new clients of TFG is $250,000.
As a fee-based firm, some of the advisors at TFG can receive commissions from the sale of financial products. While this presents a potential conflict of interest, the firm's fiduciary duty means it must act in clients' best interests.
TFG Wealth Management Background
TFG Wealth Management was founded in 2008 and is owned by Mark Fried. Friend is also the firm's president.
Services include asset management, financial planning, consulting, estate plans, wills, taxes and insurance.
TFG Wealth Management Investment Strategy
Fundamental analysis, techincal analysis and cyclical analysis are all used by advisors at TFG to figure out how to invest client money. Long- and short-term purchases may be used, plus trading and option writing.