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. To find an advisor in your area, try SmartAsset’s free financial advisor matching tool, which will connect you with up to three local financial advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Resource Consulting Group Find an Advisor||$2,193,422,143||$1,000,000|| || |
|2||Moisand Fitzgerald Tamayo, LLC Find an Advisor||$826,167,404||$1,000,000|| || |
|3||Summit Wealth Partners, LLC Find an Advisor||$571,040,193||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||AllGen Financial Advisors, Inc. Find an Advisor||$263,570,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Stonebridge Financial Planning Group, LLC Find an Advisor||$186,907,917||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||Fortress Wealth Group, LLC. Find an Advisor||$214,000,000||$500,000|| || |
|7||RD Lewis Wealth Management Find an Advisor||$139,840,420||No minimum requirement|| || |
Minimum AssetsNo minimum requirement
How We Found the Top Financial Advisor Firms in Orlando, Florida
To find the top financial advisors in Orlando, Florida, we first identified all firms registered with the SEC in the state. 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:
Resource Consulting Group
Resource Consulting Group is a fee-only financial advisor firm, which means all of its compensation comes from client-paid fees. The firm’s client base is made up of both high-net-worth and non-high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations and employees. Clients need at least $1 million in investable assets to open an account. In some situations, though, the firm may accept clients with less than that.
Resource Consulting Group Background
Founded in 1988, Resource Consulting Group is one of the oldest firms on this list. It is independently owned by founder, CEO and wealth advisor Mike Davis. The advisors at Resource Consulting Group average about 20 years of experience in the financial services industry.
For individuals, the firm’s main areas of focus are investment advisory services, trust creation, retirement planning and estate planning. The firm also serves corporations, small businesses and charitable organizations.
Resource Consulting Group Investment Strategy
Like many financial advisor firms, Resource Consulting Group bases its investment strategies on Modern Portfolio Theory. This means they build your portfolio to maximize return within the parameters of your risk tolerance.
Resource Consulting Group primarily invests its clients’ assets in domestic and foreign stocks, fixed-income securities, real estate investment trusts (REITs) 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
Though Moisand Fitzgerald Tamayo, LLC requires an account minimum of $1 million, it serves both non-high-net-worth and high-net-worth individuals, as well as pension and profit sharing plans. The fee-only firm, however, also accepts smaller accounts based on discretion.
There are nine certified financial planners (CFPs) working at Moisand Fitzgerald Tamayo, as well as three enrolled agents (EAs) and one accredited portfolio management advisor (APMA).
Moisand Fitzgerald Tamayo Background
Moisand Fitzgerald Tamayo was formed in 1998. It’s independently owned by five principals: Daniel Moisand, Charles Fitzgerald III, Ronald Tamayo, Derrick Chandler and Michael Salmon. Outside of the firm's Orlando headquarters, it operates another office in Melbourne, Florida.
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 offers wealth management services and financial planning advice in five primary areas: risk management, investments, taxes, retirement and estate planning.
Moisand Fitzgerald Tamayo Investment Strategy
Once you’ve identified your risk tolerance, Moisand Fitzgerald Tamayo can 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), among other investment products. It believes that these investments enable strong diversification, while giving investors the ability to sell when beneficial.
Summit Wealth Partners
Summit Wealth Partners, LLC is a fee-only financial advisor firm that serves both non-high-net-worth and high-net-worth individuals. Institutional clients include pension and profit sharing plans.
The firm’s team of advisors includes six certified financial planners (CFPs), one certified valuation analyst (CVA) and one accredited investment fiduciary analyst (AIFA).
Summit Wealth Partners does not have a set account minimum for new clients. However, the firm says in its Form ADV that it generally seeks to work with clients who have at least $1 million in investable assets.
Summit Wealth Partners Background
Founded in 2005, Summit Wealth Partners is wholly owned by Fiduciary Professionals, LLC, which, in turn, is wholly owned by Investors Advocate, LLC. Investors Advocate, LLC is owned by Chad Warrick and Jason Print, who are the co-presidents and co-CEOs of Summit Wealth Partners; and Summit's general counsel William Kovacs.
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 Investment 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
AllGen Financial Advisors, Inc. is an independently owned, fee-based financial advisor firm. It has advisors with multiple certifications on staff, including four certified financial planners (CFPs) and one chartered market technician (CMT). The firm, which primarily serves non-high-net-worth individuals, does not require a minimum investment to open an account. The rest of the firm's client base is rounded out by high-net-worth individuals.
Some of the advisors at this firm are also licensed insurance agents, meaning they can earn commissions from the sale of specific insurance products to clients. AllGen is a fiduciary, though, legally requiring it to always act in your best financial interest.
AllGen Financial Advisors Background
AllGen Financial Advisors has been in business since 2003, although it originally operated under the name Good Risk Reward, Inc. AllGen is owned by chief investment officer (CIO) Jason Martin and CEO and chief compliance officer (CCO) Paul Roldan. The firm's advisors average about 25 years of experience in the financial services industry.
AllGen’s name comes from the firm’s commitment to offering services to “all generations.” The firm’s services include retirement and higher education savings plans and planning to pay off debt.
AllGen Financial Advisors Investment Strategy
AllGen Financial Advisors 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 exchange-traded funds (ETFs). AllGen routinely rebalances portfolios to ensure they remain within their targeted asset allocation.
Stonebridge Financial Planning Group
Stonebridge Financial Planning Group (SFPG) is a fee-based financial advisor firm that specializes in investment management, tax preparation and divorce planning. The firm works entirely with high-net-worth and non-high-net-worth individuals.
This firm uses different minimum account sizes that vary depending on the program or service you subscribe to. For example, the firm's Apex program has no minimum, whereas its Pinnacle program has a $150,000 minimum requirement. In addition, clients who invest at least $500,000 with SFPG will have their financial planning fees fully waived.
Some of the on-staff advisors at this firm can earn commissions from securities trades or insurance sales. Despite the potential conflict of interest this creates, the firm is bound by fiduciary duty to act in clients' best interests.
Stonebridge Financial Planning Group Background
Stonebridge Financial Planning Group formed in 2007 and is owned by Dianne M. Webb. The firm employs three certified financial planners (CFPs), three certified divorce financial analysts (CDFAs), two enrolled agents (EAs), one behavioral finance advisor (BFA), one registered Social Security analyst (RSSA) and two certified public accountants (CPAs).
In addition to portfolio management services, the firm offers a wide variety of stand-alone financial planning services. Your financial plan can address several areas such as tax preparation, divorce planning, retirement savings and overall estate management.
Stonebridge Financial Planning Group Investment Strategy
SFPG seeks to construct and manage portfolios that adhere to your individual profile. In turn, it takes personal factors like investment goals and appetite for risk into consideration. The firm generally provides investment advice on stocks, bonds, certificates of deposit (CDs), mutual funds and variable insurance products. But if deemed appropriate to your situation, the firm may also allocate assets among alternative investments such as real estate and commodities.
The firm uses readily available public market research when selecting securities.
Fortress Wealth Group, LLC.
Fortress Wealth Group, LLC works primarily with individuals and high-net-worth clients, as well as corporations.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions. The firm’s fiduciary duty requires advisors to act in the best interests of their clients.
Fortress typically requires a minimum account of $500,000 to effectively implement its investment strategy. The firm, however, could waive this requirement. Clients typically pay an annual investment advisory fee that ranges between .75% and 2% of their assets under management.
Fortress Wealth Group Background
Located in Orlando, Fortress was founded as a limited liability company in 2020. The firm is owned and operated by President and Chief Compliance Officer John E. Ledford.
The firm’s team holds multiple certifications, including two certified financial planners (CFPs), one chartered retirement planning counselor (CRPC) and one certified investment management analyst (CIMA).
Fortress Wealth Group Strategy
Fortress offers clients an investment strategy based on client financial goals and objectives. Services also factor in time horizon and risk tolerance when managing and evaluating portfolios. These include:
- Investment management
- Financial planning
RD Lewis Wealth Management
RD Lewis Wealth Management works entirely with non-high-net-worth and high-net-worth individuals.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions. However, RD Lewis requires advisors to always act in the best interests of their clients.
The firm typically does not impose a minimum account requirement for its advisory services. However, clients are charged investment management fees that are based on a percentage of assets under management, ranging from .5% to 1%.
RD Lewis Wealth Management Background
Located in Orlando, RD Lewis was founded as a limited liability company in 2010. The firm is owned and operated by President Delcena D. Lewis and Vice President and Chief Compliance Officer Richard A. Lewis.
RD Lewis Wealth Management Strategy
RD Lewis manages and evaluates investment portfolios based on client financial goals and objectives. Services include:
- Investment management
- Financial planning