Finding a Top Financial Advisor Firm in Tampa, Florida
There are a lot of options for financial advice and investment management - including national financial institutions, robo-advisors and all of the firms in your area - so it can be tough to figure out who would best suit your financial situation and goals. That’s where SmartAsset comes in. We researched the financial advisors based in Tampa, Florida to identify the top options. If you're having trouble deciding, try SmartAsset's financial advisor matching tool, which connects you with as many as three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Darwin Wealth Management Find an Advisor||$752,986,662||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Suncoast Equity Management, LLC Find an Advisor||$1,091,588,569||$250,000|| || |
|3||Bayshore Capital Advisors, LLC Find an Advisor||$412,976,958||$20,000,000|| || |
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|4||PSI Advisors, LLC Find an Advisor||$550,722,956||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Unique Wealth, LLC Find an Advisor||$528,480,456||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Sutton Wealth Advisors, Inc. Find an Advisor||$424,684,769||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||SFG Wealth Advisors, LLC Find an Advisor||$153,179,639||$250,000|| || |
|8||Wealth Advisors of Tampa Bay Find an Advisor||$344,948,235||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Rutherford Asset Planning, Inc. Find an Advisor||$193,056,034||$1,000,000|| || |
|10||Instrumental Wealth, LLC Find an Advisor||$193,774,720||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Tampa, 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 accurate as of the writing of this article. 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.
Darwin Wealth Management
Darwin Wealth Management manages assets primarily for individuals with and without a high net worth, as well as corporations and retirement plans. As a fee-based firm, advisors can earn commissions from third parties for selling insurance products. But those advisors are still bound to act in the client's best interest despite this potential conflict of interest.
In general, Darwin does not require an account minimum. However, it may terminate an account if it’s too small to manage effectively.
Darwin Wealth Management Background
Darwin Wealth Management was founded as a limited liability company in 2012. The firm is owned by Darwin Partners, LLC.
The financial team here holds multiple certifications, including one chartered financial consultant (ChFC), one chartered financial analyst (CFA) and one certified financial planners (CFP).
Darwin Wealth Management Strategy
Darwin Wealth Management relies on technical analysis, fundamental analysis, cyclical analysis, long-term and short-term purchases, short sales, option writing and trading, among other strategies and investments to manage and evaluate client portfolios.
Services include investment management, tax-reduction strategies, asset protection and estate transition planning. The team also prepares specific reports for clients that evaluate investment risk analysis, tax review and analysis, estate transition plan review, estate transition plan review and complimentary financial plan.
Suncoast Equity Management
Suncoast Equity Management manages assets for both high-net-worth and non-high-net-worth individuals. Institutional clients also include pension and profit-sharing plans, partnerships, endowments, unified managed accounts (UMAs) and businesses. New clients must have a minimum of $250,000 in investable assets, though this requirement is waivable.
Investment management is the main offering at Suncoast, as it features investment portfolio customization for clients. Financial planning services include, but are not limited to, investment planning, education fund planning, retirement planning and more.
This is a fee-only firm, so all of its compensation comes from client-paid fees.
Suncoast Equity Management Background
Suncoast Equity Management has been in business since 1998. It was was reorganized as Suncoast Equity Management, LLC in 2015. The firm's principal owner is Donald Robert Jowdy, its founder.
The advisory team at this firm includes one certified financial planner (CFP) and one chartered financial analyst (CFA).
Suncoast Equity Management Investment Strategy
As its name states, Suncoast Equity Management is a big believer in investing client assets heavily in large-cap equities. When selecting stocks to invest in, the firm looks for securities that are favorably priced rather than trying to "forecast or outsmart daily stock market movements," according to its website. Furthermore, the firm prefers to hone in on what specifically makes an individual company attractive to invest in rather than solely looking at price movements.
Despite its affinity for stocks, Suncoast is willing to invest in other types of securities as well. These include government securities, fixed-income securities and mutual funds. Specific investments are chosen based on the client's risk tolerance, time horizon and financial goals.
Bayshore Capital Advisors
Bayshore Capital Advisors requires an account minimum of $20 million for individual clients. However, the firm is willing to waive this requirement under certain circumstances. Among the firm’s team of advisors are three certified public accountants (CPAs), two chartered financial analysts (CFAs), two chartered alternative investment analysts (CAIAs) and one certified financial planner (CFP).
Despite Bayshore’s high account minimum, it does work with some non-high-net-worth individuals, in addition to its majority of high-net-worth clients. It also manages the assets of a few pooled investment vehicles, and other investment advisors, insurance companies and charitable organizations. Bayshore Capital Advisors is a fee-only firm, meaning it earns income only from clients.
Bayshore Capital Advisors Background
Bayshore Capital Advisors was founded in 2001 by Tready Smith, who also acts as CEO and owns 90% of the firm.
The firm provides investment supervisory services to individual clients and also serves as the manager of several of its own investment funds. Further, Bayshore will occasionally act as a sub-advisor, managing accounts for other firms. Bayshore also offers some financial planning services, such as estate planning, insurance selection and more.
Bayshore Capital Advisors Investment Philosophy
Bayshore Capital Advisors prefers a strategic and active investing approach when it comes to helping its clients cultivate wealth. For each client, the firm will first determine investment goals, then develop a portfolio that accomplishes a mix of four goals: increase returns, generate income, protect against inflation and reduce risk.
The firm places a great deal of importance on constantly evaluating risk, both when providing investment advice to individual clients and when managing investment funds. Most of these funds belong to the firm itself, so many of the investments that the firm makes are completed through them.
PSI Advisors manages assets primarily for non-high-net-worth individuals. Other typical clients of the firm include high-net-worth individuals, retirement plans, charitable organizations and businesses. There is no minimum account size at PSI.
This firm is fee-based. That means that certain on-staff advisors here can sell insurance products or securities on a separate commission basis. Despite the potential conflict of interest this creates, the firm is bound by fiduciary duty to act in clients' best interests.
PSI Advisors Background
Eric Damien Eaton founded PSI Advisors in 2016, making it one of the younger firms on this list. However, Eaton has been providing financial advice to clients for more than 20 years. Eaton is the sole owner of PSI Advisors.
The firm provides financial planning services including investment planning, retirement planning, college planning, debt/credit planning, insurance planning and tax planning. Additionally, the firm provides consulting services to pension plans and other employee-sponsored benefit plans.
PSI Advisors Investment Philosophy
PSI Advisors relies on may different methods of analysis when examining securities, including charting, fundamental analysis, technical analysis, cyclical analysis and quantitative analysis. When it comes to actual investment strategies, the firm takes part in long-term purchases, options trading and margin transactions.
PSI Advisors tailors its strategies to its clients, factoring in the client’s risk tolerance, time horizon, long-term objectives and financial preferences before determining the best path forward. Then, once your investment plan is implemented, the firm will work to constantly update it to meet your changing needs.
Unique Wealth is a young fee-based financial advisor firm. This means that some of its advisors can sell insurance products on a commission basis, which is a potential conflict of interest. Despite this, the firm's fiduciary duty means it must act in clients' best interests.
This firm does not have a minimum investment requirement. Its client base is composed of a nearly even split between individuals with and without a high net worth. Its small institutional client base includes businesses and retirement plan sponsors.
The advisory team here boasts an exceptionally wide range of certifications considering its moderate size. These include certified financial planner (CFP), chartered life underwriter (CLU), chartered financial consultant (ChFC), accredited estate planner (AEP), chartered advisor for senior living (CASL) and more.
Unique Wealth Background
Unique Wealth was established in just 2021 by founder and CEO Curtis H. Parry, Jr. The firm is owned by entites controlled by employees.
Investment management and financial planning services are both available at this firm.
Unique Wealth Investing Strategy
Generally speaking, Unique Wealth prefers to manage client assets discretionarily. This means that clients will sign the right to make trades in their name over to the firm and its advisors. However, this doesn't mean that your portfolio won't be built custom for your needs. In fact, the firm works clients' risk tolerance, time horizon, income and liquidity needs and overall financial goals into each and every investment portfolio.
Sutton Wealth Advisors
Sutton Wealth Advisors manages assets primarily for individuals with and without a high net worth, as well as charitable organizations, irrevocable trusts and corporations. As a fee-based firm, advisors can earn commissions from third parties for selling insurance products. However, these advisors are still bound to act in the client's best interests due to their fiduciary duty.
In general, Sutton Wealth does not require an account minimum. However, they may terminate an account if it’s too small to manage effectively.
Sutton Wealth Advisors Background
Sutton Wealth Advisors was founded in 2007. The principal owner is W. Edward Sutton, its founder who has around 40 years' experience in the financial services industry.
The firm’s financial team holds multiple certifications, including one chartered financial consultant (ChFC), one chartered financial analyst (CFA) and one certified financial planners (CFP).
Sutton Wealth Advisors Strategy
The firm relies on charting analysis, technical analysis, fundamental analysis, cyclical analysis, modern portfolio theory, long-term and short-term purchases, short sales, margin transactions and option writing, among other strategies and investments to manage and evaluate client portfolios.
Services include consulting and advisory services, portfolio management and financial planning services.
SFG Wealth Advisors
SFG Wealth Advisors works with a considerable amount of non-high-net-worth individual clients, though it does have quite a few high-net-worth individuals as clients too. Other clients of SFG include retirement plans, charitable organizations and businesses. Although open to negotiation, the firm institutes a $250,000 minimum investment requirement.
As a fee-based firm, certain on-staff advisors at SFG can sell securities and insurance for commissions. Although this presents a potential conflict of interest, the firm's fiduciary duty means it must act in clients' best interests.
A few members of SFG's advisory team hold certifications. These include chartered financial analyst (CFA), certified kingdom advisor (CKA) and certified financial planner (CFP).
SFG Wealth Advisors Background
SFG Wealth Advisors is one of the older firms on this list, as it was founded in 1985. The firm is under the ownership of three employees: president Don Snyder, administrative manager Heather Snyder and founder Bruce Snyder.
SFG divides its services into the following categories: investment management, core and comprehensive financial planning, charitable gift strategies, estate planning and tax minimization.
SFG Wealth Advisors Investing Strategy
SFG Wealth Advisors works with clients to identify what kind of investor they are prior to making any investment decisions whatsoever. In fact, the firm will have an advisor meet with a client to discuss things like their risk tolerance, time horizon, liquidity needs, current financial circumstances, financial goals for the future and just about anything else that might affect their investments.
Once this is complete, the firm will begin investing the client's money. The firm has a fairly wide range of potential investments, including mutual funds, stocks, bonds, ETFs, options, alternatives, annuities and more.
Wealth Advisors of Tampa Bay
Wealth Advisors of Tampa Bay works primarily with high-net-worth and non-high-net-worth individuals. To take advantage of this firm's investment management services, you'll need to have at least $100,000 in investable assets and be able to adhere to a minimum annual fee of $1,250. For financial planning services, though, the minimum fee is $800.
If you're looking for a combination of investment and financial planning services, you'll find that through this firm's wealth management offering. Other services available on a stand-alone basis include investment management, retirement planning, insurance services, estate planning, wealth transfer planning, trust services and more.
This is a fee-based firm. As a result, some of the firm's advisors can sell securities and insurance products on a commission basis. While this creates a potential conflict of interest, the firm is legally bound by fiduciary duty to act in clients' best interests at all times.
Wealth Advisors of Tampa Bay Background
Wealth Advisors of Tampa Bay was established back in 2012. Robert F. Giles, Jr., president and chief investment officer (CIO), is the founder, president and primary owner of the firm. Robert F. Giles III, a wealth advisor at the firm, is a minority owner. Giles, Jr. has more than 35 years of experience in the financial services industry, while Giles III has around 20 years of experience to his name.
Prospective clients of this firm will find a number of certifications across the advisory staff. More specifically, these include one certified investment management analyst (CIMA), one certified financial planner (CFP), one chartered alternative investment analyst (CAIA) and one chartered retirement planning counselor (CRPC).
Wealth Advisors of Tampa Bay Investment Analysis
Advisors at the firm use four main methods of analysis when evaluating securities in which to invest client assets. Charting, a form of technical analysis, is used to try to identify when the market is moving up and down and how long the trend might last. Fundamental analysis helps the advisors measure the intrinsic value of a security. This is accomplished by considering financial and economic factors surrounding the company and industry itself.
A third method, technical analysis, is when advisors look at past market movements to try to find recurring patterns of investor behavior to help predict future price movement. Lastly, they use cyclical analysis, which involves the measurement of a stock against the market as a whole to try to predict price movement.
Rutherford Asset Planning
Rutherford Asset Planning is a fee-only firm, which means that it earns money solely through management fees paid by clients, and therefore do not earn commissions from selling insurance or other financial products.
The firm requires a minimum investable asset requirement of $1 million. Despite this, the firm's client base is comprised of roughly half high-net-worth individuals and half non-high-net-worth individuals. The firm offers services like wealth management, estate planning, philanthropic planning, tax planning, insurance planning and cash flow analysis.
Rutherford Asset Planning Background
Ronald Rutherford founded Rutherford Asset Planning in 1986 after working for IBM. Today, he remains a member of the firm's board of directors. Ronald Rutherford, president Suzzette Rutherford and CEO Keith Amburgey all combine to own the firm.
The advisory staff at this firm includes two certified financial planners (CFPs), one certified investment management analyst (CIMA) and one chartered financial analyst (CFA).
Rutherford Asset Planning Investment Portfolio Design
Your portfolio at this firm will balance risk and reward and seek sustainable growth as well as create income streams. To begin, your advisor will take time to understand your personal and financial situation to create a strategy that will help you achieve your desired wealth potential. Your advisor will consider your income and expenses as well as insurance concerns when developing your portfolio. Tax considerations and cash flow requirements will factor in as well.
Rutherford Asset Planning advisors "manage both risk and return goals," taking "no more risk than necessary to achieve a given target rate of return." Advisors use fundamental analysis, technical analysis, quantitative analysis and qualitative analysis when considering securities as investments.
Instrumental Wealth does not have a minimum investment requirement for new or existing clients. This is reflected in the makeup of its client base, as it's dominated by non-high-net-worth individuals, with high-net-worth individuals, retirement plans, charitable organizations and businesses rounding it out.
Some of the advisors who work at this fee-based firm can sell insurance products on a commission basis. The firm's fiduciary duty mitigates this potential conflict of interest, as it must adhere to fiduciary duty.
The advisor team here includes a handful of certified financial planners (CFPs), as well as certifications like chartered financial consultant (ChFC), chartered life underwriter (CLU), retirement income certified professional (RICP) and more.
Instrumental Wealth Background
Having been founded in just 2020, Instrumental Wealth is one of the younger firms on our list. It is wholly owned by David Silver, the firm's president and CEO.
The advisory services at Instrumental are focused around retirement planning, investment planning, education fund planning, insurance planning and estate planning.
Instrumental Wealth Investing Strategy
Instrumental Wealth personalizes each investment plan it utilizes for clients. This will involve factors like your risk tolerance, time horizon, income and liquidity needs, tax situation and long-term financial goals.
As your portfolio ages, the firm will continue to monitor things and make any necessary rebalancing adjustments. The firm also heavily takes tax efficiency into account when managing client funds.