Finding the Top Financial Advisors in Sarasota, Florida
If you don’t have a financial advisor yet, finding one doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
If you're looking for a financial advisor in Sarasota, Florida, on your own, it 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 10 financial advisors in Sarasota. We covered all the basics such as account minimums, fee basis and more.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TRUADVICE, LLC Find an Advisor||$938,929,557||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Walsh & Associates, LLC Find an Advisor||$481,850,214||$500,000|| || |
|3||Day Hagan Asset Management Find an Advisor||$636,236,321||$500,000|| || |
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|4||Truvestments Capital, LLC Find an Advisor||$265,925,562||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Global Financial Private Client, LLC Find an Advisor||$419,217,989||$2,000,000|| || |
|6||LPF Advisors, LLC Find an Advisor||$213,191,701||Varies based on account size|| || |
Minimum AssetsVaries based on account size
|7||Compound Family Offices, LLC Find an Advisor||$314,617,863||$10,000,000|| || |
|8||Forza Wealth Management, LLC Find an Advisor||$285,477,338||$5,000 minimum annual fee|| || |
Minimum Assets$5,000 minimum annual fee
|9||HD Money, Inc. Find an Advisor||$160,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Ranch Capital Advisors, Inc. Find an Advisor||$226,803,364||$500,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Sarasota, 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:
- 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.
TRUADVICE is an investment advisory firm mostly working with non-high-net-worth individuals. But the firm also extends services to high-net-worth individuals and other investment advisors. 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. TRUADVICE's management fee is based on AUM in the client’s account. Our maximum annual management fee is 2.99%. The management fee is negotiable a d based on the size of the account. The client may aggregate or household accounts to negotiate a lower fee.
Members of the firm may also collect commissions from third parties for selling or recommending insurance products. This is a potential conflict of interest, but advisors still have to act in the best interest of the client at all times due to their fiduciary duty.
TRUADVICE has been in operation since 2018. CS Sleight Inc. holds a 95% stake in the firm, while Christopher Heerlein, who founded TRUADVICE, holds a 5% interest in the firm and serves as CEO.
The firm provides ongoing financial planning and investment account management services. Your plan would depend on you and your family's needs, goals, timeline and risk profile. 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
The firm uses fundamental and technical analysis to evaluate portfolio options.
It employs "strategic asset allocation" for setting target allocations and then periodically rebalancing the portfolio back to those targets as investment returns skew the original asset allocation percentages. The concept is akin to a “buy and hold” strategy, rather than an active trading approach. The strategic asset allocation targets may change over time as the client’s goals and needs change and as the time horizon for major events such as retirement and college funding grow shorter. Normally, however, strategic asset allocation strategies do not change their allocation postures relative to changing market or economic conditions.
The firm 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.
Walsh & Associates
Walsh & Associates has a client base that consists mostly of non-high-net-worth individuals and high-net-worth individuals. It also advises trusts, estates, charities, pension and profit-sharing plans and businesses.
To receive asset management services from the firm, you’d need at least $500,000. 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 potential conflict of interest, but as the firm is a fiduciary, its advisors still must act in the client's best interest at all times.
Walsh & Associates Background
Walsh & Associates first opened its doors in 2011 and is principally owned by Joseph P. Walsh, Jr., who is both a certified financial planner (CFP) and a chartered financial analyst (CFA), among other such certifications. His sons, Joseph Walsh III, Thomas Walsh and Michael Walsh, are minority owners. Among his sons' are such designations as CFAs, accredited investment fiduciary and certified private wealth advisor.
Walsh & Associates Investment Strategy
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
- Education funding
- Estate planning
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.
Day Hagan Asset Management
The advisory team at Day Hagan Asset Management features two certified financial planners (CFPs), two chartered financial analysts (CFAs) and one chartered market technician (CMT). Day Hagan is fee-based, which means some of its employees and related persons may earn commissions on the sale of insurance products. This is a potential conflict of interest, but the firm still adheres to fiduciary duty, meaning it must act in its clients best interests at all times.
With a minimum $500,000 investment requirement, the firm mostly works with individuals who are not high net worth. However, its clientele also includes high-net-worth individuals and investment companies.
Day Hagan Asset Management Background
Day Hagan has been offering investment advice since 2004. It was founded by Donald L. Hagan and he and Arthur S. Day are principal owners. Linda Brown is a minority owner.
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.
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 non-high-net-worth individuals, high-net-worth individuals and registered investment advisers. It does not require an account minimum for individual portfolio management services.
Some advisors at the firm can earn commissions for selling financial products. This is a potential 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 2008. Tru is owned by Truvestments Asset Management LLC, which operates the firm, and is indirectly owned by Siriyanfah Williams LLC and Elite Wealth Advisors LLC and Demogronomics LLC.
Services available through this firm include 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 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.
The minimum investment here is $2 million, though the firm may be willing to accept clients with less than that amount This is also a fee-only firm.
Global Financial Private Client Background
Geoff Frazier, a certified financial planner (CFP), founded the firm in 2017. Today, it is principally owned by Frazier.
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
- 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.
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, which offers both discretionary and non-discretionary services, are generally based on a percentage of assets under management. Some advisors may earn commissions from the sales of insurance products, which is a potential conflict of interest. Still, advisors must act in the best interest of the client at all times due to their fiduciary duty.
Members of the team at LPF hold various professional certifications, including chartered retirement planning counselors (CRPCs), behavorial financial advisors (BFAs), certified financial planner (CFP) and accredited investment advisor (AIF).
Account minimums vary, depending on which type of service a client has with the firm.
LPF Advisors Background
LPF Advisors was founded in 2005 and is principally owned by co-founders Mark Armand Picchi and Kristopher Scott Flammang. Debbie Bectal is chief compliance officer.
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 strategy.
Compound Family Offices
Compound Family Offices advises ultra-high-net-worth and non-high-net-worth individuals and their related accounts, including trusts, estates and foundations. The firm also works with nonprofits and charities.
For investment advice, the firm generally requires families to have a minimum of $10 million in investable assets. The firm operates on a fee-only basis, and may be willing to waive the above minimum at its discretion.
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, who is a CPA, and Erik C. Popham, who is a chartered financial analyst (CFA) are the principal owners. The advisory team here features three chartered financial analysts (CFAs), one chartered alternative investment analyst (CAIA) and one certified trust and fiduciary advisor (CTFA).
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.
Forza Wealth Management
Forza Wealth Management offers portfolio management, on a discretionary and non-discretionary basis, to individuals, high-net-worth individuals, charitable organizations, small businesses and corporations, as well as other investment advisors.
The firm, which does not participate in any wrap-fee program, is a fee-only organization, meaning its revenue comes exclusively from client paid fees. For example, advisors do not receive third-party commissions from the sale of insurance products like annuities to clients.
Clients will have access to advisors holding several professional designations, including chartered financial analyst (CFA) and certified financial planner (CFP).
Forza Wealth Background
Forza is owned by Michael E. DeMassa, founder and principal, chief investment officer and principal. and Timothy J. Videnka.
The firm's fee for portfolio management services is based on a percentage of your managed assets and is 0.95% annually. Its advisory fee is negotiable depending on individual client circumstances.
Forza charges an hourly fee of $250 for financial planning services, subject to a minimum of $2,500 per engagement. The fee is negotiable depending on the scope and complexity of the plan, your situation and your financial objectives.
Forza Wealth Investment Strategy
Forza determines each client's objectives, risk tolerance, time horizon, financial information and liquidity needs. Then it identifies investment opportunities for clients by using fundamental analysis and modern portfolio theory. It primarily offers advice on individual stocks, bonds, mutual funds, exchange traded funds (ETF) and variable annuities.
Additionally, it may advise you on various types of investments based on your stated goals and objectives. The firm may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
HD Money, Inc.
HD Money provides investment advice to individuals, trusts, estates, charitable organizations, corporations or business entities. While the firm doesn't have a minimum account size or portfolio requirements, separate account managers utilized by HD Money may have a minimum portfolio fee or size as a prerequisite to establishing accounts.
As a fee-based firm, advisors receive compensation from third-parties for the sale of insurance products, like annuities. However, as a fiduciary HD Money is obligated to put its clients' best interests first, at all times.
HD Money Background
Margaret Hixon is the firm's founder and president. Phillip Dickson and Stuart Dickson are co-founders and managing partners. Among the staff's professional designations are certified financial planner (CFP), tax attorney and certified public accountant (CPA).
The firm has an agreement with its affiliate, Vimvest Securities, to provide access to portfolios developed and monitored by Vimvest to recommend to its clients.
HD Money Investment Strategy
The firm's investment strategy, which emphasizes a passive style instead of an active one, reflects insights from modern monetary theory and the efficient frontier. It restricts investment advice to limited types of investments and strategies (available from third-party managers), which include mutual funds, ETFs, stocks and bonds.
HD Money offers three categories of plans, depending on clients’ time horizons:
- Plans for growth build on proven economic research that allow for growth while minimizing risk
- Plans for protection help insulate savings from the vagaries of the stock market to provide guaranteed pension income
- Plans for retirement include income planning, Social Security strategies, asset growth protection and tax analysis
Ranch Capital Advisors
Ranch Capital Advisors is an entirely individual-centric financial advisor firm. In fact, it works mostly with non-high-net-worth individuals, with about a fifth of its client base being high-net-worth individuals. The firm also has a $500,000 minimum investment requirement, though it may be willing to waive this at its own discretion.
The advisory team here includes two certified financial planners (CFPs) and one certified public accountant (CPA). As a fee-based firm, certain on-staff advisors can sell insurance and securities on a commission basis. Although this presents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests.
Ranch Capital Advisors Background
Ranch Capital Advisors is quite a young firm, as it was founded in just 2019. The firm is owned by Ranch Cap Holdings, a financial services holding company.
Both financial planning and investment management services are available through this firm, which manages financial assets on both a discretionary and non-discretionary basis.
Ranch Capital Advisors Investing Strategy
Ranch Capital Advisors will first meet with clients to discuss the specifics of their situation before making any investment decisions. The most important factors the firm focuses on are risk tolerance, time horizon, financial goals and income needs. As your long-term situation changes, the firm will update your investment plan. This may also involve rebalancing your portfolio so your investments match your newfound changes.