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Top Financial Advisors in Sarasota, FL

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Finding the Top FInancial Advisors in Sarasota, FL 

Finding a financial advisor in Sarasota, Florida, can be a challenge. To find a quality firm, you’d really have to dig into government and financial records like form ADVs. But we did all the hard work for you in order to find the top nine financial advisors in Sarasota. We covered all the basics such as account minimums, fee basis and more.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Allegiant Private Advisors, LLC Allegiant Private Advisors, LLC logo Find an Advisor

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$911,095,089 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
2 Walsh & Associates, LLC. Walsh & Associates, LLC. logo Find an Advisor

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$489,987,215 $250,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
3 TruAdvice, LLC TruAdvice, LLC logo Find an Advisor

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$489,383,056 No minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors
  • Educational seminars/workshops

Minimum Assets

No minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
  • Educational seminars/workshops
4 LPF Advisors, LLC LPF Advisors, LLC logo Find an Advisor

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$221,512,415 Varies based on account size
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

Varies based on account size

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
5 Day Hagan Asset Management Day Hagan Asset Management logo Find an Advisor

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$316,853,234 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
6 Compound Family Offices, LLC Compound Family Offices, LLC logo Find an Advisor

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$302,464,256 $10,000,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$10,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
7 Southern Trust Financial Planning, Inc. Southern Trust Financial Planning, Inc. logo Find an Advisor

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$188,618,950 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
8 Truvestments Capital LLC Truvestments Capital LLC logo Find an Advisor

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$192,816,341 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Family office

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Family office
9 Global Financial Private Client, LLC Global Financial Private Client, LLC logo Find an Advisor

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$266,331,969 $2,000,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

$2,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
10 Fiduciary Wealth Advisors Fiduciary Wealth Advisors logo Find an Advisor

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$238,481,260 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management

How We Found the Top Financial Advisors in Sarasota, FL

To find the top financial advisors in Sarasota, Florida, we first identified all firms registered with the SEC in the city. 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:

Allegiant Private Advisors, LLC

Allegiant Private Advisors is a fee-based firm; some advisors are also insurance agents and may earn commissions for selling insurance products. This is a conflict of interest, but all advisors must still act in the best interest of the clients. The majority of clients at the firm are individuals, around 60% of which are high-net-worth individuals. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

Fees for investment advisory services are based on a percentage of assets under management, while financial planning and consulting fees are fixed or hourly. There is no minimum account size, and the team includes nine certified financial planner (CFPs), four chartered financial advisors (CFAs), six accredited investment fiduciaries (AIF)s, two certified divorce financial analyst (CDFA), and one certified public accountant (CPA).

Allegiant Private Advisors Background

APA was founded in 2020 and is principally owned by Martin Kossoff.

Services offered at the firm include investment advisory services, financial planning, consulting, estate planning, insurance planning and retirement plan services.

Allegiant Private Advisors Investment Strategy

Mutual funds make up the vast majority of the investments at the firm -- nearly 75%. Individual stocks, bonds, cash holdings and pooled investment products make up the rest of the firm’s portfolio.

Walsh & Associates, LLC.

Walsh & Associates, LLC.

Walsh & Associates has a client base that consists mostly of non-high-net-worth individuals. It also advises trusts, estates, charities and pension and profit-sharing plans.  

To receive asset management services from the firm, you’d need at least $250,000. Certifications earned by the team include features chartered financial analyst (CFA), certified private wealth advisor (CPWA), certified financial planner (CFP), accredited investment fiduciary (AIF) and certified trust and financial advisor (CTFA).

The firm is fee-based, so some advisors may earn commissions. This is a conflict of interest, but advisors still must act in the client's best interest.

Walsh & Associates Background 

Walsh & Associates first opened its doors in 2011 and is principally owned by Joseph P. Walsh, Jr. 

The firm breaks down its services into three main segments. First, through its asset-management program, the firm creates a diversified portfolio for an individual client based on personal factors such as long-term investment goals and risk profile. Second, its comprehensive portfolio management service combines this with financial planning services that address such topics as retirement and estate planning, tax management and investing for education through funds like a 529 college savings plan. 

Finally, the firm offers its proprietary Red Flag Audit program, where it takes a deep dive into your financial situation to identify and address areas in your financial life that need specific attention. The scope of the plan depends entirely on the individual, but it may touch on the following: 

  • Insurance and risk management 
  • Retirement 
  • Investment 
  • Taxes
  • Education funding 
  • Estate planning

Walsh & Associates Investment Strategy

Walsh & Associates mainly allocates client assets across individual stocks or bonds, exchange-traded funds (ETFs), options, mutual funds and variable annuities. It may also consider other types of securities if it believes they may help you meet your investment goals. 

In its securities selection process, the firm would consider your individual financial circumstances. It will also take into account factors like market research and reports on economic outlook.

TruAdvice, LLC

TruAdvice, LLC

TruAdvice, LLC is an investment advisory firm mostly working with non-high-net-worth individuals. But the firm also extends services to high-net-worth individuals, corporations and pensions and profit-sharing plans. You don’t need a minimum investment to start a relationship with the firm.  

The firm may collect fees from you as a percentage of assets under management (AUM) or a fixed basis depending on the scope of the financial planning services you get. Members of the firm may also collect commissions from third parties for selling or recommending their products. This is a conflict of interest, but advisors still have to act in the interest of the client.

TruAdvice Background

TruAdvice has been in operation since 2018. It is solely owned by CS Sleight Inc. 

The firm provides ongoing financial planning and investment account management services. Your plan would depend on you and your family's needs. But the firm’s advisors can offer guidance around several topics such as trust and estate planning, retirement savings through individual retirement accounts (IRAs) and other plan types. 

TruAdvice Investment Strategy 

TruAdvice generally invests client assets in stocks, bonds, mutual funds and exchange-traded funds (ETFs). But it may consider other types of securities if it deems appropriate for your financial profile and investment goals. It may also utilize the help of sub-advisors.

LPF Advisors

LPF Advisors, LLC

LPF Advisors is a fee-based firm serving only individuals, nearly all of whom are not high-net-worth. There are no institutional clients at the firm.

Fees at the firm are generally based on a percentage of assets under management. Some advisors may earn commissions, which is a conflict of interest. Still, advisors must act in the best interest of the client.

The team at LPF includes two chartered retirement planning counselors (CRPCs), two behavorial financial advisors (BFAs), one certified financial planner (CFP), one accredited investment advisor (AIF).

LPF Advisors Background

LPF Advisors was founded in 2005 and is principally owned by Mark Armand Picchi and Kristopher Scott Flammang.

Services include portfolio management, investment strategy, portfolio monitoring, financial planning, life insurance, retirement planning, college planning, estate planning and preservation services.

LPF Advisors Investment Strategy

Modern portfolio theory is at the heart of LPF's strategy. This involves looking to maximize expected given return given an allowed portfolio risk, or to minimiz risk given an expected return.

Long-term trading is the most common investment tactic.

Day Hagan Asset Management

Day Hagan Asset Management

Day Hagan Asset Management  features one certified financial planner (CFP) and two chartered financial analysts (CFAs). 

With a minimum $500,000 investment requirement, the firm mostly works with individuals who are not high net worth. Its clientele also includes investment companies, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities.

Day Hagan is fee-based, which means that some of its employees and related persons may earn commissions on insurance products. 

Day Hagan Asset Management Background 

Day Hagan has been offering investment advice since 2011. Today, it’s owned by Donald L. Hagan and Arthur S. Day. The firm offers the following services:  

  • Portfolio management
  • Financial planning and consulting
  • Selection of third-party advisers
  • Sub-advisory services
  • Pension consulting 

Day Hagan Asset Management Investment Strategy 

Day Hagan utilizes portfolio models it developed in partnership with Ned Davis Research. Built primarily with exchange-traded funds (ETFs), these models aim to capture opportunities for substantial growth in the market while leveraging against risk. They offer exposure to U.S. equities, fixed-income, international equities, precious metals, real estate, commodities and currencies. 

The firm notes that it “does not rebalance to a fixed benchmark,” instead employing a tactical approach. Its research incorporates market data, trend analysis and more. 

Compound Family Offices, LLC

Compound Family Offices, LLC

Compound Family Offices advises ultra-high-net-worth individuals and their related accounts, including trusts, estates and foundations. The firm also works with businesses, nonprofits and charities. 

For investment advice, the firm generally requires families to have a minimum of $10,000,000 in assets. The firm operates on a fee-only basis. This means it doesn't earn commissions or other payments from third-party companies for recommending their products. 

Compound Family Offices Background 

Compound Family Offices has been in business since 2018, making it a relatively young firm compared to most on our list. Managers Scott Gurr and Erik C. Popham are the principal owners. The advisory team features one certified financial planner (CFP).

The firm offers several stand-alone financial planning services along with portfolio management.

Compound Family Offices Investment Strategy 

Instead of conducting quantitative or qualitative analysis of individual securities, the firm researches and selects third-party investment managers and negotiate lower fees and other advantages for its clients. 

The firm also generates advice around several types of securities. Depending on factors such as your risk tolerance, it may recommend investing in certain stocks, bonds, mutual funds, private funds and more. 

Southern Trust Financial Planning, Inc.

Southern Trust Financial Planning, Inc.

Southern Trust Financial Planning primarily works with individuals who aren’t high-net-worth. But it does extend its services to the latter along with their related trust funds, estates, retirement plans such as 401(k)s and other entities. 

The firm doesn’t require any minimum investment to establish a relationship. When you open an account, you’ll have access to a certified public accountant (CPA) who can help you manage your taxes. 

The firm’s advisors may collect fees from various sources including from you (as a percentage of your assets under management or fixed fees for financial planning services) and from third parties (as commissions). The commissions are a conflict of interest, but advisors are required to do what is best for the client.

Southern Trust Financial Planning Background

Southern Trust first opened its doors to the Sarasota community in 2004. It’s owned by Chief Compliance Officer and advisor Marc Wolff owns the firm. The firm’s services revolve around four main components. These are financial planning, investments, taxes and insurance. But the firm can tailor a holistic financial plan around your needs. For instance, it can help you manage retirement plans such as 401(k)s or 401(b)s or fund education through vehicles like 529 plans

Southern Trust Financial Planning Investment Strategy

The firm takes an active investing approach in managing client portfolios. So it tends to avoid “buy-and-hold” strategies. The firm uses computer software to develop asset allocations based on your time horizon, risk tolerance and other factors. It may also turn to existing models rather than create a new one for you. 

Southern Trust may also recommend the use of independent advisor representatives (IARs). Depending on your individual circumstances, the firm or its IARs may invest entirely in one or a combination of the following: 

  • Money market funds
  • U.S. government securities
  • Foreign or global government securities
  • U.S. corporate securities
  • Foreign corporate securities
  • Municipal bonds
  • Fixed and variable annuities
  • Fixed income mutual funds
  • Income-producing limited partnerships or real estate investment trusts (REITs)

Truvestments Capital LLC

Truvestments Capital LLC

Truvestments Capital is a fee-based financial advisory firm. It offers financial planning and portfolio management as well as family office wealth planning services. Its team includes a certified financial planner (CFP).  

The firm works with individuals, high-net-worth individuals, pension and profit-sharing plans, trust funds, estates, charitable organizations, registered investment advisers, corporations and other business entities. It does not require an account minimum for individual portfolio management services. But it does requires a minimum investment of $20 million to receive family office wealth planning services.

Some advisors at the firm can earn commissions for selling financial products. This is a conflict of interest, but all advisors still ahve to act in the best interest of the client.

Truvestments Capital Background

Truvestments has been providing investment advisory services since 2011. It is currently run by parent firm Truvestments Asset Management LLC. It offers the following:

  • Portfolio management
  • Wrap fee programs
  • Sub-advisory services
  • Financial planning 
  • Family office and wealth planning services
  • Pension consulting

Truvestments Capital Investment Strategy

The firm’s asset management program starts with a detailed analysis of your individual financial profile, from which it formulates and builds an investment portfolio. When choosing securities, the firm relies on market research, analysis of economic sector conditions and more.

As of the most recent SEC data, assets under its management were primarily invested in exchange-traded securities (like common stocks). The rest were allocated to investment-grade corporate bonds, cash and cash equivalents, U.S. government and agency bonds and non-investment-grade corporate bonds.

Global Financial Private Client

Global Financial Private Client, LLC

Global Financial Private Client's team features one certified financial planner (CFP). Account minimums for investment management depend on the portfolio program you choose. The minimum investment is $2 million.

The firm offers holistic financial planning and portfolio management services to a diverse client base, which includes high-net-worth individuals along with their related estates, trusts, retirement accounts and more. It also works with businesses, charities and pension and profit-sharing plans.

Global Financial Private Client Background

Geoff Wells, a certified financial planner (CFP), founded the firm in 2004. Today, it is principally owned by AssetMark Financial, Inc. The firm aims to create a comprehensive financial plan that addresses every aspect of a family's financial life. Depending on your needs, it can involve the following topics:

  • Wealth management
  • Philanthropy
  • Estate planning
  • Professional network management
  • Asset protection
  • Tax planning
  • Risk management
  • Generational planning
  • Cyber protection

In addition, the firm can work on personal projects upon your request.

Global Financial Private Client Investment Strategy

GFPC seeks to build investment portfolios based on individual client circumstances such as time horizon, investment goals and current financial situation as well as economic projections. Using Modern Portfolio Theory, which suggests that investors should seek strong returns and mitigate risk by diversifying portfolios with several asset classes, the firm may invest your assets among mutual funds, exchange-traded funds (ETFs), individual securities and more.

Fiduciary Wealth Advisors

Fiduciary Wealth Advisors

Despite having just a single advisor, Fiducary Wealth Advisors still lands on out list. It serves individuals including high-net-worth ones, businesses, charities and pension and profit-sharing plans.  

There is no set account minimum at the firm. It is fee-based, so some advisors may earn commissions, which can be a conflict of interest. All advisors are required to act in the best interest of clients, though.

Fiduciary Wealth Advisors Background 

Robert Scott Collins founded in 2014. Before then, he worked for led PNC Wealth Management’s Sarasota office. 

The firm provides investment management and financial planning services. It may collect fees from various sources including a portion of your assets under management, fixed fees or commissions from third parties for recommending their services. 

Fiduciary Wealth Advisors Investment Strategy

FWAs investment advisory strategy begins with a thorough analysis of your risk tolerance. Next, its advisors create a globally diversified portfolio that adheres to this risk profile as well as other factors like your time horizon and financial goals. These portfolios typically utilize both domestic and international equity as well as fixed income. But the firm would allocate your assets among other types of securities if it deems it necessary. 

The firm engages in ongoing monitoring of your portfolio’s performance as well as the overall condition of the global economy in order to make any appropriate adjustments if needed.

How Long $1mm 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 the cost of living in retirement for that location.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

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