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 individual advisor, use SmartAsset’s financial advisor matching tool, which will pair you up with financial advisors near you based on your needs. For information on every advisor in your area, explore SmartAdvisor Match.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Resource Consulting Group Find an Advisor||$1,837,081,123|| |
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|2||Moisand Fitzgerald Tamayo, LLC Find an Advisor||$559,189,858|| |
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|3||American Financial Advisors Find an Advisor||$525,238,584||No minimum|| || |
Minimum AssetsNo minimum
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|4||Summit Wealth Partners, LLC Find an Advisor||$430,589,000|| |
No set account minimum, but prefers $1,000,000
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No set account minimum, but prefers $1,000,000
|5||Allgen Financial Advisors, Inc. Find an Advisor||$175,000,000|| |
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 SEC-registered firms are fiduciaries. We eliminated any firms that have disclosures of past or ongoing disciplinary actions, 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 $1.8 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 $559 million.
Resource Consulting Group also holds the most advisor certifications of any firm on this list. Among its 15 advisors, the firm has nine certified financial planners (CFPs), two registered paraplanners (RPs), a chartered financial analyst (CFA) and a certified public accountant (CPA) on its team.
Almost two thirds of the firm’s clients are considered high-net-worth individuals, and you will need at least $1 million in investable assets to open an account with Resource Consulting Group.
Resource Consulting Group, Inc. Background
Founded in 1988, Resource Consulting Group is the oldest financial advisor firm 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 investment advisory services, trust creation, retirement planning and estate planning. The firm also serves corporations, small businesses and charitable organizations.
Resource Consulting Group, Inc. 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, LLC
Though Moisand Fitzgerald Tamayo, LLC requires an account minimum of $1 million, it 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 seven certified financial planners (CFPs) working at Moisand Fitzgerald Tamayo, as well as two enrolled agents (EAs) and one 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 III, Ronald Tamayo, Derrick Chandler and Michael Salmon.
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, LLC 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.
American Financial Advisors
American Financial Advisors is a fee-only firm with roughly $525 million in assets under management and around 650 clients. The firm works almost exclusively with individuals and high-net-worth individuals (its sole institutional client is a charitable organization).
Among the firm’s six advisors, there are three certified financial planners (CFPs), one chartered financial analyst (CFA), one accredited investment fiduciary (AIF), one certified exit planning advisor (CEPA) and one certified merger & acquisition advisor (CM&AA).
American Financial Advisors Background
American Financial Advisors was founded in 1989, and its owned by the Leslie J. Kelly Trust, Matthew Boyce and William Mertes. Kelly is the president and chief compliance officer of the firm, Boyce is the chief financial officer (CFO) and Merten is the chief investment officer (CIO).
The firm primarily provides asset management services, and it also offers financial planning and consulting services. The firm also offers advisory services to employer-sponsored benefit plans, such as 401(k) plans.
American Financial Advisors Investment Philosophy
American Financial Advisors is a proponent of Modern Portfolio Theory, which stresses that asset class selection is the most important long-term determinant of a portfolio’s success or failure - much more so than security selection or market timing. Therefore, the firm works to find the correct asset allocation for each client, factoring in the client’s risk tolerance, time horizon and investment objectives.
The firm will primarily (but not exclusively) invest in mutual funds and exchange-traded funds (ETFs).
Summit Wealth Partners, LLC
Summit Wealth Partners is a fee-only financial advisor firm that serves mostly individuals and high-net-worth individuals. The firm’s team includes five certified financial planners (CFPs), a certified wealth preservation planner (CWPP), a certified asset protection planner (CAPP), an accredited estate planner (AEP) 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 says that it generally seeks to work with clients with at least $1 million available to invest.
Summit Wealth Partners, LLC Background
Founded in 2005, Summit Wealth Partners, LLC is wholly owned by Fiduciary Professionals, LLC, which in turn is wholly owned by Investors Advocate, LLC. Chad Warrick and Jason Print are the co-presidents and managers of Summit Wealth Partners. Warrick and Print also own Investors Advocate, LLC.
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 their advisors may have a financial incentive to offer insurance products as part of your overall package. Allgen’s advisors are fiduciaries, however, 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. Investment Philosophy
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.