Finding a Top Financial Advisor Firm in Orlando, Florida
Finding a financial advisor is easier said than done. To help you sort through all of the options, SmartAsset compiled detailed reviews on the top financial advisor firms in Orlando, Florida. Below, we lay out each firm’s fee structure, account minimum and investing strategies, so you can better differentiate which firm is right for you. SmartAsset’s financial advisor matching tool is another simple way to get matched with a financial advisor near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
Resource Consulting GroupFind an Advisor
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Moisand Fitzgerald Tamayo, LLCFind an Advisor
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Summit Wealth Partners, LLCFind an Advisor
No set account minimum, but prefers $1,000,000
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No set account minimum, but prefers $1,000,000
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Allgen Financial Advisors, Inc.Find an Advisor
No set account minimum
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No set account minimum
How We Found the Top Financial Advisor Firms in Orlando, Florida
All Orlando, Florida financial advisors firms that are registered with the U.S. Securities and Exchange Commission (SEC) were considered for this list, as all SEC-registered firms are fiduciaries. Any firms that did not have clean records, did not employ financial planners or did not offer individual accounts were eliminated. The remaining firms were ranked on this list from most assets under management (AUM) to least.
Resource Consulting Group, Inc.
Resource Consulting Group, Inc. is a fee-only financial advisor firm with over $1.5 billion in assets under management (AUM). That total is over triple the AUM of the second-ranking firm on this list, Moisand Fitzgerald Tamayo, LLC, which manages $466.5 million.
Resource Consulting Group also holds the most advisor certifications of any firm on this list. It has nine certified financial planners (CFPs), three registered paraplanners (RPs), a chartered financial analyst (CFA) and a certified public accountant (CPA) on its team.
You will need at least $1 million in investable assets to open an account with Resource Consulting Group. That’s likely why more than three-quarters of the firm’s clients are considered high-net-worth individuals.
Resource Consulting Group, Inc. Background
Founded in 1988, Resource Consulting Group is the most senior on this list. It is independently owned by founder, CEO and wealth advisor Mike Davis. The advisors at Resource Consulting Group average 20 years of experience in the financial industry.
For individuals, the firm’s main areas of focus are pension and profit-sharing plans, trust creation, retirement planning and estate planning. The firm also serves corporations, small businesses and charitable organizations.
Resource Consulting Group, Inc. Strategy
Like many financial advisor firms today, Resource Consulting Group bases its investment strategies off of modern portfolio theory. This means Resource Consulting Group builds your portfolio based on the amount of risk and volatility you’re willing to take on to reach your ultimate financial goals.
Resource Consulting Group primarily invests its clients’ assets in domestic and foreign stocks, fixed-income securities, real estate investment trusts and U.S. government and government agency securities. The asset allocation assigned to your funds is strategically divided between these investment opportunities to diversify your portfolio as much as possible.
Moisand Fitzgerald Tamayo, LLC
Though Moisand Fitzgerald Tamayo, LLC requires an account minimum of $1 million, it surprisingly serves more non-high-net-worth individuals than high-net-worth individuals. The fee-only firm does state that it may, at its discretion, accept accounts of a smaller size, which possibly explains the discrepancy between the firm’s high account minimum and client base.
There are six certified financial planners (CFPs) working at Moisand Fitzgerald Tamayo, as well as an accredited portfolio management advisor (APMA). A rare certification, APMAs are trained in investor psychology.
Moisand Fitzgerald Tamayo, LLC Background
Moisand Fitzgerald Tomayo, LLC was formed in 1998. It’s independently owned by three principals: Daniel B. Moisand, Charles E. Fitzgerald and Ronald Tamayo. That trio averages 28 years of experience in personal finance, while the rest of the firm’s advisors have been in the industry for an average of 12 years.
Whether you’re looking to build an investment portfolio for just yourself or for your entire family, Moisand Fitzgerald Tamayo says it can help you. The firm works specifically with clients who are looking to create trusts or manage personal retirement plans, pension plans or small business-based plans.
Moisand Fitzgerald Tamayo, LLC Strategy
Once you’ve identified your risk tolerance, Moisand Fitzgerald Tamayo can really begin crafting an investment plan. Throughout this process, the firm says it strives to educate clients - especially those who aren’t as well-versed in the financial field - on what strategies they can implement to maximize returns and minimize risks in their specific situation.
Moisand Fitzgerald Tamayo invests its clients’ assets in mutual funds and exchange-traded funds (ETFs). It believes that these investments enable strong diversification, while giving investors the ability to sell when beneficial.
Summit Wealth Partners, LLC
Summit Wealth Partners is a fee-only financial advisor firm that serves a majority high-net-worth individuals. The firm’s team includes four certified financial planners (CFPs), a certified wealth preservation planner (CWPP), a certified asset protection planner (CAPP) and an accredited investment fiduciary analyst (AIFA).
Unlike Resource Consulting Group and Moisand Fitzgerald Tamayo, which both require $1 million in assets to open an account, Summit Wealth Partners does not have a set account minimum. However, the firm prefers that its clients have $1 million available to invest, for diversification purposes.
Summit Wealth Partners, LLC Background
Founded in 2005, Summit Wealth Partners, LLC is an independent firm, which means that it’s not a subsidiary of any larger company. Chad Warrick and Jason Print are the co-presidents and managers of Summit Wealth Partners.
Summit Wealth Partners typically works with individuals, private businesses and charitable organizations. Its services include investment management, financial planning, tax mitigation, retirement planning, estate and trust creation and charitable giving. Notably, Summit Wealth Partners is also the only firm on this list that offers model managers and portfolio strategists.
Summit Wealth Partners, LLC Strategy
Many of Summit Wealth Partners’ investment decisions are based on research tools created by Morningstar, Blackrock, Bloomberg and others. Summit Wealth Partners believes these services are integral to choosing well-diversified investments with strong asset allocations.
Summit focuses on investing your assets in areas with low trading costs and associated taxes. Typically, it uses ETFs, exchange-traded notes (ETNs), pooled investment funds and passively managed mutual funds.
Allgen Financial Advisors, Inc.
Allgen Financial Advisors, Inc. is an independently owned, fee-based financial advisory firm. It has advisors with multiple certifications on staff, including three certified financial planners (CFPs), a chartered market technician (CMT) and an accredited wealth management advisor. The firm, which primarily serves non-high-net-worth individuals, does not require a minimum amount to open an account.
Advisors at this firm are also licensed insurance agents, meaning you may be offered insurance as part of your overall package. Allgen’s advisors are fiduciaries though, so they are required by law to always act in your best financial interest.
Allgen Financial Advisors, Inc. Background
Allgen Financial Advisors, Inc. has been in business since 2003. Allgen’s advisors average 23 years of experience in finance.
Allgen’s name comes from the firm’s commitment to offering services to “all generations.” The firm’s services include retirement or higher education savings plans and plans to pay off debt.
Allgen Financial Advisors, Inc. Strategy
Allgen Financial Advisors, Inc. takes into account your financial objectives, time horizon and risk tolerance when building your investment portfolio. Allgen will ask you to choose between aggressive, moderately aggressive, moderate, moderately conservative and conservative risk-tolerance profiles.
Diversification is a major factor in determining how your funds will be allocated to help you achieve your pre-specified goals. The firm primarily invests its clients’ assets in various stocks, mutual funds, bonds and ETFs. Allgen routinely rebalances portfolios to ensure they remain within their targeted asset allocation.