Finding the Top Financial Advisors in Pennsylvania
If you’re trying to find a financial advisor in Pennsylvania, SmartAsset can help. We did all the initial research for you, digging through financial firm data and pulling fundamentals such as assets under management (AUM), fees and investment strategy. Then we put the info together, here, for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms in Pennsylvania. Then use SmartAsset’s free financial advisor matching tool to connect with advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||HBKS Wealth Advisors Find an Advisor||$4,991,756,194||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Veritable, LP Find an Advisor||$16,533,192,757||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||myCIO Wealth Partners, LLC Find an Advisor||$12,007,381,046||$1,000,000|| || |
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|4||McAdam, LLC Find an Advisor||$1,255,471,408||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Fort Pitt Capital Group, LLC Find an Advisor||$4,302,944,245||$250,000|| || |
|6||Mill Creek Capital Advisors, LLC Find an Advisor||$7,876,358,125||$5,000,000|| || |
|7||Coho Partners, Ltd. Find an Advisor||$6,165,300,000||$1,000,000|| || |
|8||JFS Wealth Advisors, LLC Find an Advisor||$2,983,684,561||$600,000|| || |
|9||FFT Wealth Management Find an Advisor||$2,495,479,421||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Conrad Siegel Investment Advisors Find an Advisor||$6,987,640,642||Varies by account type|| || |
Minimum AssetsVaries by account type
What We Use in Our Methodology
To find the top financial advisors in Pennsylvania, 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:
- 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.
HBKS Wealth Advisors
HBKS Wealth Advisors works with both high-net-worth and non-high-net-worth individuals, as well as retirement plans, charities and businesses.
The advisory team in Erie holds multiple certifications, including certified financial planners (CFPs), among other designations.
Some advisors at the firm are registered as broker-dealers and may earn commissions for selling securities. This could present a potential conflict of interest, but when serving as an advisor they must act in your best interest.
There are no account minimums at the firm.
HBKS Wealth Advisors Background
HBKS Wealth Advisors was founded in 2001. It is a wholly owned subsidiary of HBK Sorce Financial, LLC, which is wholly owned by HBK Sorce Holdings, LLC. Hill, Barth & King Financial Holdings, LLC is the majority owner of the latter.
Services offered include investment management, financial planning, retirement planning and estate planning, among other services.
HBKS Wealth Advisors Investment Strategy
The advisors at HBKS build portfolios using a variety of investments, including mutual funds, exchange-traded funds (ETFs), stocks, bonds, investment contracts, insurance, annuities, alternative investments and other vehicles.
Strategies include both long-term and short-term purchases, plus short sales, margin transactions and option writing.
Veritable is a fee-only firm based in Newtown Square, a city in the southeast corner of the Keystone State. It manages billions in assets for clients, most of whom are high-net-worth individuals.
The firm also works with a handful of non-high-net-worth clients, as well as pooled investment vehicles, charitable organizations and corporations.
The advisory team holds multiple certifications, including chartered financial analysts (CFAs) and certified public accountants (CPAs), among other designations.
There is no minimum account size at Veritable, but in practice, most of the firm’s clients have at least $20 million in assets.
Michael Stolper founded Veritable in 1986. The firm has gone through various merger activities throughout its existence. Ownership is split between senior employees of the firm and AMG Wealth Partners, who purchased its stake in 2012.
Veritable Investment Strategy
Advisors at Veritable customize portfolios to fit client needs, individual goals and risk tolerance.
Services at the firm include investment advising, portfolio management financial planning, budgeting, estate planning, tax planning and insurance planning.
myCIO Wealth Partners
myCIO Wealth Partners is a fee-only firm in Philadelphia. All of the firm’s individual clients have a high net worth, which makes sense given that the firm has a $1 million minimum account size. There are also institutional clients, including charitable organizations and corporations.
Advisors hold multiple certifications, including chartered financial analysts (CFAs), certified financial planners (CFPs), accredited investment fiduciaries (AIFs), certified investment management analysts (CIMAs), certified public accountants (CPAs) and more.
myCIO Wealth Partners Background
myCIO Wealth Partners was founded in 2005. It is managed by partners James Joseph Biles, David Edmund Lees and Paul Joseph Bracaglia. Affiliated Managers Group is the principal shareholder of the firm.
Services offered include investment advisory, private investment funds, financial planning, consulting, estate planning and insurance planning.
myCIO Wealth Partners Investment Strategy
Advisors at myCIO Wealth Partners conduct fundamental and technical analysis to make investment choices. They use both short- and long-term purchases, meaning investments will be held for a variable amount of time. The firm may also engage in strategies like short sales, margin transactions and options trading.
McAdam is a Philadelphia-based firm with no set account minimum. It mostly serves individual clients with and without a high net worth, as well as retirement plans, charities and businesses.
The advisory team holds multiple certifications, including a certified financial planner (CFP) and a chartered retirement planning counselor (CRPC).
As a fee-based firm, certain advisors at McAdam can sell securities and insurance products on a commission basis. While this creates a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests no matter what.
McAdam was created in 2014. The firm is wholly owned by Michael McAdam, who also acts as the firm's CEO and principal. McAdam has a couple decades of experience in the financial services industry.
The firm's services include wealth management, as well as financial planning and consulting services. These can cover retirement planning, risk management, tax planning, insurance planning, estate planning, business planning, cash flow forecasting and more.
McAdam Investment Strategy
McAdam typically invests client assets in mutual funds, ETFs, individual stocks and bonds and with independent investment managers. The firm may also recommend investing in pooled investment vehicles, like hedge funds.
Which types of securities exist within your portfolio will depend on what type of investor you are. To find this out, your advisor will meet with you to discuss your goals and needs. Through these discussions, the firm will also identify your ever-important risk tolerance, time horizon and income needs. These factors will dictate the complexion of your asset allocation.
Fort Pitt Capital Group
Fort Pitt Capital Group is a Pittsburgh-based advisor. This fee-only firm serves both non-high-net-worth and high-net-worth individuals. Institutional clients include investment companies, pension and profit-sharing plans, charitable organizations, government entities, insurance companies and corporations.
The minimum account size here is $250,000, though the firm may occasionally accept those with less than that.
Advisors at the firm hold multiple certifications, including certified financial planners (CFPs) and accredited investment fiduciaries (AIFs), among other designations.
Fort Pitt Capital Group Background
Fort Pitt Capital Group was founded in 2015. The firm is a part of the Focus Financial Partners, LLC partnership, which is a wholly owned subsidiary of Focus Operating, LLC. Focus is a nationwide network of indepenent firms.
Services include wealth management, investment management, financial planning, estate planning, education planning, business succession planning and insurance needs.
Fort Pitt Capital Group Investment Strategy
Fort Pitt Capital Group reviews portfolio structures and asset allocations to ensure they are consistent with client objectives, time horizon and risk tolerance.
Mill Creek Capital Advisors
Mill Creek Capital Advisors is a fee-only firm that works with high-net-worth individuals, pooled investment vehicles, retirement plans, charities and businesses.
The firm says in its brochure that it accepts and maintains accounts valued under $5 million. But in those cases, clients will typically pay a minimum fixed fee of $30,000.
The advisory team holds multiple certifications, including chartered financial analyst (CFA), certified financial planner (CFP), chartered alternative investment analyst (CAIA) and accredited investment fiduciary (AIF), among other designations.
Mill Creek Capital Advisors Background
Mill Creek Capital Advisors was founded in 2006. The firm is primarily owned by SG Management, LLC, which is an employee-owned holding company. CEO Joshua Gross and president Richard Lunsford are the principal owners.
Services include investment advising, tax issue evaluation, cash flow analysis, estate planning, retirement planning, financial planning, philanthropic planning and financial concierge services.
Mill Creek Capital Advisors Investment Strategy
Mill Creek Capital Advisors believes in broad diversification both across and within asset classes. It also focuses on the long term, looking to buy and hold investments rather than trading in and out of various markets in search of results that may only hold for the short term.
Coho Partners is a fee-only firm that serves both non-high-net-worth and high-net-worth individuals, as well as investment companies, pooled investment vehicles, retirement plans, charities, government entities, other investment advisors, businesses and partnerships.
For private clients, the firm’s minimum account size is $1 million. For institutional clients, the minimum jumps to $10 million.
Coho Partners Background
Coho Partners was first established back in 1999. Today the firm is principally owned by its chief investment officer (CIO), Peter Adamson Thompson.
The services available to clients of Coho are focused on investment management. It also provides financial planning.
Coho Partners Investing Strategy
Coho Partners is an independent firm that builds strategies in a few variations, with one of them based on environmental, social and governance (ESG) factors.
The strategies are also designed to protect client assets in downturns and maximize their gains during brighter times.
Although private clients will have a say over how their money is invested, the firm tends to utilize these in-house strategies.
JFS Wealth Advisors
JFS Wealth Advisors is a fee-based advisory firm that works with both non-high-net-worth and high-net-worth individuals. Institutional clients also include retirement plans, charities, government entities and businesses.
The firm imposes a minimum account size of $600,000 to engage in services.
Clients interested in wealth management services will generally pay an annual advisory fee that is based on a percentage of assets under management.
As a fee-based firm, certain advisors at JFS can sell financial products on a commission basis. While this presents a potential conflict of interest, the firm’s fiduciary duty requires them to act in the clients’ best interests.
JFS Wealth Advisors Background
Headquartered in Hermitage, JFS is an investment advisor registered with the U.S. Securities and Exchange Commission.
The firm was founded in 1986 and is structured as a limited liability company.
According to the JFS brochure, it is part of the Focus Financial Partners, LLC (Focus LLC) partnership, and the firm is a wholly owned subsidiary of Focus Operating, LLC.
JFS Wealth Advisors Investment Strategy
According to the firm’s brochure, JFS typically invests client assets in no load mutual funds or exchange traded funds (ETFs). Other securities can be used as well, depending on client needs, circumstances and risk tolerance.
JFS offers clients a variety of services, including investment and wealth management. The firm also offers financial planning and consulting services, which include:
- Personal financial statements
- Cash flow analysis and budgeting
- Cash management
- Investment planning and asset allocation
- Retirement planning
- Estate and legacy planning
- Tax planning
- Risk management
- Risk assessment and insurance needs analysis Business planning
- Distribution planning
- Family educational planning
FFT Wealth Management
FFT Wealth Management serves both high-net-worth individuals and charitable organizations.
This fee-only firm generally charges new clients a percentage of assets under management that can range between 0.25% and 1.50%.
Clients engaging in services are not required to have a minimum account balance.
FFT Wealth Management Background
FFT is headquartered in Philadelphia and has been in business since 2009. It is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
The firm is owned by FWM Holdings, LLC. This holding company also owns LGL Partners, which is featured in our roundup of top firms in Philadelphia.
FFT Wealth Management Investment Strategy
FFT Wealth Management makes financial investment recommendations based on client risk tolerance, time horizon and investment needs.
Client services include investment management, financial planning and consulting services.
Conrad Siegel Investment Advisors
Conrad Siegel Investment Advisors (CSIA) is a fee-only firm in Harrisburg that works with both non-high-net-worth and high-net-worth individuals, as well as retirement plans, charities, government entities, insurance companies and businesses.
The advisory team holds multiple certifications, including certified financial planners (CFPs), chartered financial consultants (ChFCs), accredited investment fiduciaries (AIFs) and chartered financial analysts (CFAs), among other designations.
There is technically no minimum account size at CSIA, but the individual minimum annual fee of $5,000 to $9,000 for individual clients means this firm's services may be cost-prohibitive for those with less than $500,000.
Conrad Siegel Investment Advisors Background
Conrad Siegel Investment Advisors was founded in 2002. It is a wholly owned subsidiary of Conrad M. Siegel, Inc.
Services offered include:
- Financial planning
- Educational services
- Investment management
Conrad Siegel Investment Advisors Investment Strategy
Low-cost, passive investing with an orientation towards value is the name of the game for CSIA. It also provides Siegel Select Portfolios, a managed portfolios program, to some investors. According to the firm’s brochure, advisors invest assets in mutual funds, ETFs and collective investment trusts, depending on client objectives.