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Top 10 Financial Advisors in Pennsylvania

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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 personalize your search.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Veritable LP Veritable LP logo Find an Advisor

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$15,021,770,206 $20 million (unofficial)
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$20 million (unofficial)

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
2 myCIO Wealth Partners, LLC myCIO Wealth Partners, LLC logo Find an Advisor

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$7,377,051,916

$1,000,000

  • Financial planning services
  • Portfolio management 
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

$1,000,000

Financial Services

  • Financial planning services
  • Portfolio management 
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
3 Cornerstone Advisors Asset Management, LLC Cornerstone Advisors Asset Management, LLC logo Find an Advisor

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$5,807,385,798 Varies
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

Varies

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
4 Mill Creek Capital Advisors, LLC Mill Creek Capital Advisors, LLC logo Find an Advisor

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$5,623,049,466 $3 million
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$3 million

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
5 Conrad Siegel Investment Advisors Conrad Siegel Investment Advisors logo Find an Advisor

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$5,178,358,434 No set account minimum (minimum fee $5,000 for individuals)
  • Financial planning services
  • Portfolio management
  • Consulting
  • Educational Services

Minimum Assets

No set account minimum (minimum fee $5,000 for individuals)

Financial Services

  • Financial planning services
  • Portfolio management
  • Consulting
  • Educational Services
6 HBKS Wealth Advisors HBKS Wealth Advisors logo Find an Advisor

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$3,448,043,934 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Publication of periodicals or newsletters

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Publication of periodicals or newsletters
7 Fort Pitt Capital Group, LLC Fort Pitt Capital Group, LLC logo Find an Advisor

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$2,471,044,205

$500,000

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Educational seminars/workshops
8 Miller Investment Management, LP Miller Investment Management, LP logo Find an Advisor

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$2,439,958,910 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
9 JFS Wealth Advisors, LLC JFS Wealth Advisors, LLC logo Find an Advisor

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$2,205,581,208 $600,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

$600,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
10 Wescott Financial Advisory Group, LLC Wescott Financial Advisory Group, LLC logo Find an Advisor

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$2,003,142,096

$2,000,000

  • Financial planning services
  • Portfolio management 
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

$2,000,000

Financial Services

  • Financial planning services
  • Portfolio management 
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

How We Found the Top Financial Advisors in Pennsylvania

We began by compiling data on all financial advisor firms in Pennsylvania that were registered with the U.S. Securities Exchange Commission (SEC). Next, we filtered from our list the firms that did not offer stand-alone financial planning services and individual portfolio management. We also removed the ones that faced disciplinary action in recent years. Finally, we ranked what was left based on AUM, starting with the largest.

Veritable LP

Veritable LP

Topping this list is Veritable LP, a fee-only firm based in West Chester, a town in the southeast corner of the Keystone State. Veritable manages more than $15 billion in assets for clients, most of whom are high-net-worth individuals. There are also institutional clients, including pooled investment vehicles, charitable organizations and corporations.

A total of 47 advisors work at the firm. That includes 13 chartered financial advisors and three certified public accountants.

There is officially no minimum account size at Veritable, but in practice most of the firm’s clients have at least $20 million in assets to invest. This is why nearly all of the firm’s individual clients are high-net-worth.

Fees for investment management are based on a percentage of assets under management.

Veritable LP Background

Michael Stolper founded in the firm in 1986 and is still responsible for the overall management of the firm. Veritable 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.

Services at the firm include investment advising, portfolio management financial planning, budgeting, estate planning, tax planning and insurance planning. 

Veritable LP Investment Strategy

Advisors at Veritable use a few principles to build client portfolios. The most basic is that all clients are different and have different needs, so a portfolio will need to be customized to fit those needs and individual goals. Always paying attention to a client’s risk tolerance is also at the top of the list.

myCIO Wealth Partners, LLC

myCIO Wealth Partners, LLC

myCIO Wealth Advisors Asset Management, LLC is a fee-only firm in Philadelphia. It manages more than $7.37 billion in assets. All of the firm’s individual clients are high-net-worth individuals, which makes sense given that the firm has a $1 million minimum account size. There are also institutional clients including charitable organizations and corporations.

A total of 31 advisors work at the firm. A full roster of financial certifications is not on the firm’s website, but the team includes at least four chartered financial advisors (CFAs), three certified financial planners (CFPs), three accredited investment fiduciaries (AIFs), three certified investment management analysts (CIMAs), two certified public accountants (CPAs) and one chartered alternative investments analyst (CAIA). 

Fees at myCIO are based on a percentage of assets under management for investment advisory services. Financial planning and consulting fees are charged a fixed or hourly fee.

myCIO Wealth Advisors Asset Management, LLC Background

The firm was founded in 2005. It is managed by partners James Joseph Biles, David Edmund Lees and Paul Joseph Bracaglia. Affiliated Managers Group, Inc. bought an equity stake in 2005, and the rest is owned by the partners.

Services offered include investment advisory, private investment funds, financial planning, consulting, estate planning and insurance planning.

myCIO Wealth Advisors Asset Management, LLC Investment Strategy

Advisors at the firm conduct fundamental and technical analysis to make investment choices. They use both short- and long-term purchases plus short sales, margin transactions and options.

Cornerstone Advisors Asset Management, LLC

Cornerstone Advisors Asset Management, LLC

Cornerstone Advisors Asset Management, a fee-based firm, has more than $5.80 billion in assets under management. There are 21 advisors at this Bethlehem-based financial advisor firm. The team includes many certifications, including 12 accredited investment fiduciaries (AIFs), five financial paraplanner qualified professionals (FPQPs), four chartered retirement plan specialists (CRPS), three chartered financial advisors (CFAs), three certified financial planners (CFPs), two chartered financial counselors (ChFCs), one chartered life underwriter (CLU), one certified employee benefit specialist (CEBS), one retirement income certified professional (RICP) and one certified personal banker (CPB).

Clients of Cornerstone include a nearly even mix of high-net-worth and other individuals. There are also a substantial number of institutional clients include pension and profit sharing plans, charitable organizations, state or municipal government entities and corporations. 

There is no minimum account size. Fees for asset management are based on a percentage of assets under management. Financial planning carries a flat fee. Some advisors may earn commissions for selling financial products. This is a conflict of interest, but the firm has a program in place to make sure they are always acting in the best interest of the client.

Cornerstone Advisors Asset Management Background

Cornerstone was founded in 1998. The firm is 100% owned by employees through an employee stock ownership plan.

Services include asset management, investment policy management, risk assessment, investment advisory, financial planning, insurance planning, estate planning, tax analysis and retirement income planning.

Cornerstone Advisors Asset Management Investment Strategy

Mutual funds make up the majority of the investment choices at Cornerstone -- in fact, 72% of client money is invested in mutual funds. Other investments include stocks, cash and investments with third party money managers.

Mill Creek Capital Advisors, LLC

Mill Creek Capital Advisors, LLC

Mill Creek Capital Advisors LLC is a fee-only advisor managing more than $5.62 billion in assets for clients. All of the firm’s individual clients are high-net-worth, possibly due to the firm’s $3 million minimum account size. There are also institutional clients including pooled investment vehicles, pension and profit sharing plans, charitable organizations and corporations. 

There are 21 advisors on staff at Mill Creek. The team includes seven chartered financial advisors (CFAs), six certified financial planners (CFPs), two chartered alternative investment advisors (CAIAs), two accredited investment fiduciaries (AIFs) and one certified public accountant (CPA).

Fees at Mill Creek are based on a percentage of assets under management for asset management. 

Mill Creek Capital Advisors LLC Background

Mill Creek was founded in 2006. The principal owners are Richard Stevens, Joshua Gross, Richard Lunsford, Thomas Chapin, Michael Jordan, Dave Logan, Kevin Keating, Katie Thomas and Brian Maxwell. All of these people serve either as executives or investment managers at the firm.

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 LLC Investment Strategy

Mill Creek 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.

Conrad Siegel Investment Advisors

Conrad Siegel Investment Advisors

Conrad Siegel Investment Advisors is a fee-only firm in Harrisburg with 25 advisors on staff, a team that includes six certified financial planners (CFPs), three chartered financial consultants (ChFCs), two accredited investment fiduciaries (AIFs) and two chartered financial advisors (CFAs).

The firm manages more than $5.17 billion. Clients are mostly individuals, two-thirds of whom are non-high-net-worth ones. There are also institutional clients on the rolls, including pension and profit sharing plans, charitable organizations, state or municipal government entities, insurance companies and corporations. 

There is no minimum account size, but the minimum annual fee of $5,000 means this firm won’t make sense with those investing less than $500,000. Investment management fees are based on a percentage of assets under management while financial planning fees are charged either on an hourly or fixed rate.

Conrad Siegel Investment Advisors Background

CSIAl was founded in 2002. It is a wholly owned subsidiary of Conrad M. Siegel, Inc.

Services offered include:

  • Financial planning
  • Consulting
  • 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. Most of the firm’s investments are in mutual funds, with stocks making up a small percentage of the assets.

HBKS Wealth Advisors

HBKS Wealth Advisors

Erie-based HBKS Wealth Advisors has 68 advisors on staff, the most on this list. Though the firm also has offices out of state, the team in Erie includes ten certified financial planners (CFPs), two certified divorce financial analysts (CDFAs), one certified public accountant (CPA), one chartered retirement plan specialist (CRPS) and one accredited investment fiduciary analyst (AIFA).

The fee-based firm manages more than $3.44 billion in assets. Clients are mostly individuals, 75% of whom do not have a high net worth. Institutional clients include pension and profit sharing plans, charitable organizations and corporations. 

Fees for investment management are based on a percentage of assets under management. Financial planning fees are either hourly or fixed. Some advisors at the firm are registered as broker-dealers and may earn commissions for selling securities. This could present a conflict of interest, but when serving as an advisor they must act in your best interest.

HBKS Wealth Advisors Background

HBKS was founded in 2001. It is a wholly owned subsidiary of HBK Sorce Financial LLC, which is wholly owned by HBK Sorce Holdings LLC, of which Hill, Barth & King Financial Holdings LLC is the majority owner.

Services offered include investment management, financial planning, retirement planning, investment planning, education savings, protection planning, estate planning, income tax planning and ongoing planning.

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.

Fort Pitt Capital Group, LLC

Fort Pitt Capital Group, LLC

Fort Pitt Capital Group, LLC is a Pittsburgh-based advisor managing more than $2.47 billion in assets. Clients of the fee-based firm are mostly non-high-net-worth individuals, along with some individuals who have a  high net worth. Institutional clients include investment companies, pension and profit sharing plans, charitable organizations, state or municipal government entities, insurance companies and corporations.

The fee-based firm has 19 advisors on staff, including four certified financial planners (CFPs), three accredited investment fiduciaries (AIFs), one chartered financial advisors (CFA), one certified public accountant (CPA), one financial paraplanner qualified professional (FPQP) and one person who has completed the investment adviser certified compliance professional program (IACCP).

The minimum account size is $500,000. Fees for investment management are based on a percentage of assets under management. Some advisors also earn commissions for selling insurance. This could present a conflict of interest, but when acting as advisors, they must act in the client’s best interest.

Fort Pitt Capital Group, LLC Background

Fort Pitt was founded in 2015. The firm is a part of the Focus Financial Partners LLC partnership. Specifically, it is a wholly owned subsidiary of Focus Operating, LLC.

Services include wealth management, investment management, financial planning, estate planning, education planning, business succession planning and insurance needs.

Fort Pitt Capital Group, LLC Investment Strategy

Fort Pitt has put together the following composite portfolios:

  • Total return
  • Taxable total return
  • Total return under $250,000
  • Growth-strategic asset allocation
  • Moderate growth-strategic asset allocation
  • Balanced-strategic asset allocation
  • Conservative-strategic asset allocation
  • Investment grade fixed income
  • Bond mutual fund
  • Total retail

Miller Investment Management, LP

Miller Investment Management, LP

Miller Investment Management LP is a fee-only firm with more than $2.43 billion in assets under management. The West Conshohocken-based financial advisor firm’s clients are mostly high-net-worth individuals, though there is technically no minimum account size. There are also some non-high-net-worth clients, plus institutional clients, including pooled investment vehicles, pension and profit sharing plans and charitable organizations.

There are 14 advisors at Miller, including five chartered financial advisors (CFAs), two certified public accountants (CPAs) and one holder of the certificate in investment performance management (CIPM).

Fees at Miller for investment management are based on a percentage of assets under management. Performance-based fees may also apply. 

Miller Investment Management LP Background

H. Scott Miller founded the firm in 1998. Through a series of other corporations Miller remains the sole owner of the firm.

The firm provides investment advisory and supervisory services.

Miller Investment Management LP Investment Strategy

Miller focuses on long-term investing, preferring to hold investments for at least a year. Advisor mays also use short-term purchases, trading, short sales, margin transactions and option writing. Around 57% of the assets Miller manages are invested in mutual funds, plus 11% in stocks, 1% in pooled investment vehicles, 17% in cash and equivalents and 14% with subadvisors.

JFS Wealth Advisors, LLC

JFS Wealth Advisors, LLC

JFS Wealth Advisors is a fee-based firm with 25 advisors. The team includes 14 certified financial planners (CFPs), eight certified public accountants (CPAs), two accredited investment fiduciaries (AIFs), two certified investment management analysts (CIMAs), two financial paraplanner qualified professionals (FPQPs), one certified financial plan advisor (CPFA), one chartered financial consultant (ChFC), one chartered life underwriter (CLU), one certified retirement plan specialist (CRPS) and one qualified 401(k) administrator (QKA).

The firm manages more than $2.20 billion in assets. Clients are mostly individuals, with around 75% of those individuals being non-high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations, state or municipal government entities and corporations.

The minimum account size is $600,000. Fees for asset management are based on the percentage of assets under management. Financial planning is billed at a fixed rate. Some advisors earn commissions for selling insurance. This could present a conflict of interest, but when serving as an advisor, they must act in the client’s best interest.

JFS Wealth Advisors Background

JFS is a successor firm to a firm founded in 1986. It is part of the Focus Financial Partners LLC partnership. Specifically, it is a wholly owned subsidiary of Focus LLC.

Services at JFS include wealth management services, investment advisory services, financial planning, personal financial statements, cash management, investment planning, retirement planning and estate planning.

JFS Wealth Advisors Investment Strategy

There is an investment committee at JFS that picks investments for clients’ portfolios. It meets at least once a month. Client money is heavily invested in mutual funds -- around 76% of the assets under management at JFS is in mutual funds. A further 17% is in stocks, with the rest split among bonds, cash, annuities and other investments.

Wescott Financial Advisory Group, LLC

Wescott Financial Advisory Group, LLC

The final firm on this list is Philadelphia’s Wescott Financial Advisory Group, a fee-only firm managing more than $2 billion in assets. Clients are mostly individuals, with most of them qualifying as high-net-worth -- which makes sense, given the firm’s $2 million minimum account size for the firm’s main investment management program. Institutional clients are limited to just pension and profit sharing plans and charitable organizations. There is also a program for those with less than $2 million (but at least $250,000).

There are 15 advisors on staff at Wescott. The team includes 11 certified financial planners (CFPs), three certified public accountants (CPAs), one chartered life underwriter (CLU), one chartered financial consultant (ChFC), one certified financial advisor (CFA) and one certified divorce financial analyst (CDFA).

Fees for financial planning are based on a percentage of assets under management. Financial planning is billed hourly.

Wescott Financial Advisory Group Background

Wescott was founded in 1987. It is primarily owned by one individual, Grant Rawdin, and the Wescott Holding Company.

Services include wealth management, independent managers, financial planning, insurance review, retirement planning and estate planning.

Wescott Financial Advisory Group Investment Strategy

Wescott prides itself on focusing on long-term investments. It especially looks for this when it seems an asset is undervalued or when a client’s portfolio wants exposure to an asset class over time. Mutual funds are the main investment of client money, with stocks and other investments also used.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research