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||Global Financial Private Capital, LLC Find an Advisor||$3,555,568,110||$10,000 - $500,000|| || |
Minimum Assets$10,000 - $500,000
|2||Walsh & Associates, LLC. Find an Advisor||$291,000,000||$250,000|| || |
|3||Truvestments Capital LLC Find an Advisor||$266,311,252||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Day Hagan Asset Management Find an Advisor||$253,915,788||$500,000|| || |
|5||Global Financial Private Client, LLC Find an Advisor||$218,938,321||$2,000,000|| || |
|6||TruAdvice, LLC Find an Advisor||$215,189,793||No minimum|| || |
Minimum AssetsNo minimum
|7||Compound Family Offices, LLC Find an Advisor||$180,294,933||$10,000,000|| || |
|8||Southern Trust Financial Planning, Inc. Find an Advisor||$109,895,343||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Fiduciary Wealth Advisors Find an Advisor||$108,225,367||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Wealth Planning and Design LLC Find an Advisor||$ 105,457,524||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisors in Sarasota, FL
We began by gathering data on all financial advisor firms in Sarasota that are registered with the Securities Exchange Commission (SEC). Next, we eliminated firms that faced disciplinary action in the past 10 years or whose individual accounts make up less than half of their client base. Finally, we ranked the firms in Sarasota based on assets under management (AUM), from largest to smallest.
Global Financial Private Capital, LLC
With more than $3.5 billion in assets under management, Global Financial Private Capital (GFPS) tops our list. The fee-only firm advises individuals, pension and profit sharing plans, business entities, trusts, estates and charitable organizations. Its most recent SEC filings show that the bulk of its client base consists of non-high-net-worth individuals.
If you seek investment management advice, the minimum account size generally ranges from $10,000 to $500,000, depending on the portfolio program you choose.
The firm’s team includes one certified financial planner (CFP) and one certified public accountant (CPA).
Global Financial Private Capital Background
GFPC formed in 2004. Today, it’s owned by AssetMark Financial Inc., a wholly-owned indirect subsidiary of Huatai Securities Co., Ltd. The firm aims to deploy a comprehensive wealth management program that addresses every aspect of your financial life from savings to taxes, investing and retirement planning.
The firm offers financial planning and investment management services. Depending on your needs, the firm can establish a financial planning framework covering different aspects of your financial life. These can include budgeting, cash flow management, retirement planning and estate planning.
Global Financial Private Capital Investment Strategy
GFPS offers investment model portfolios that adhere to different risk profiles. However, it considers virtually the entire fund universe when making recommendations. So it can provide advice on securities types including individual stocks and bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs) and more.
Walsh & Associates, LLC.
Walsh & Associates holds about $290 million in assets under management among 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. The firm collectively features two chartered financial analysts (CFAs), one certified financial planner (CFP), one accredited investment fiduciary (AIF) and one certified trust and financial advisor (CTFA). (Advisors may have multiple professional accreditations.)
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
- 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.
Truvestments Capital LLC
Truvestments Capital is a financial advisory firm with more than $266 million in assets under management. 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.
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 (86%) invested in exchange-traded securities (like common stocks). The rest were allocated to investment-grade corporate bonds (7%), cash and cash equivalents (4%), U.S. government and agency bonds (2%) and non-investment-grade corporate bonds (1%).
Day Hagan Asset Management
Day Hagan Asset Management has almost $254 million in assets under management. Its team features two certified financial planners (CFPs) 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.
Global Financial Private Client
Global Financial Private Client (GFPC) has about $219 million in assets under management. Its team features one certified financial planner (CFP). Account minimums for investment management depend on the portfolio program you choose. But they generally range from $10,000 to $125,000.
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
- 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.
TruAdvice, LLC is an investment advisory firm with about $215 million in assets under management, spread across more than 500 individual accounts. Most of these belong to 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.
TruAdvice has been in operation since 2018, it’s 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.
Compound Family Offices, LLC
Compound Family Offices holds more than $180 million in assets under management across fewer than 100 accounts. It 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. So 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 two-person 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 has nearly $110 million in assets under management. The firm 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).
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)
Fiduciary Wealth Advisors
Despite having only two members on its advisory staff, Fiduciary Wealth Advisors (FWA) manages more than $108 million in assets. It serves individuals including high-net-worth ones, businesses, charities and pension and profit-sharing plans.
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.
Wealth Planning and Design LLC
With more than $105 million in assets under management, Wealth Planning Design (WPD) is a financial services firm that focuses on family wealth management and generational planning. Its team includes two certified financial planners (CFPs) and three certified kingdom advisors (CKA).
WPD provides general financial planning and investment management services to individuals, high-net-worth individuals, retirement accounts, charitable organizations and corporations or other businesses. According to the most recent SEC data, most clients are not high-net-worth individuals. Indeed, the firm doesn’t require a minimum investment for portfolio management services.
Wealth Planning and Design Background
The firm has been a registered investment advisor since 2015. Chief Executive Officer Mark Clark is the primary owner.
WPD collects fees from you based on the services it provides. However, employees may also be members of other financial services firms, who, in their individual capacities, may receive compensation for recommending the products or services of such firms.
The firm breaks down its services into three main silos. Its wealth planning team focuses on financial planning services and portfolio management. There is also an insurance planning and design team and one for college planning.
Wealth Planning and Design Investment Strategy
WPD examines your financial health, risk tolerance and goals to create a diversified portfolio. In implementing it, the firm may use the following securities:
- Equity securities
- Mutual funds
- Closed-end funds
- Exchange-traded products
In addition, the firm may utilize the services of separate account managers. These third-party money managers may allocate assets among equities and bonds, warrants, options, debt securities, real estate investment trusts (REITS), unit investment trusts, private placements, limited partnerships, structured products, alternative investments, annuities and life insurance products.