Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

Top Financial Advisors in Warwick, RI

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Warwick, Rhode Island

If you’re in the market for a financial advisor, you must want your investment guidance to come from a human. With so many to choose from, though, settling on one can be tricky. To help you narrow your options, we gathered key info such as professional credentials, assets under management (AUM) and investment strategy. Then we screened for certain factors, like disclosures and legal actions. The result is our list of the top financial advisor firms in Warwick, Rhode Island. To connect with more advisors who serve our area, use SmartAsset’s free financial advisor matching tool.

Find a Fiduciary Financial Advisor

We match more than 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.
Free inital consultations. All advisors are fiduciaries.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 The Retirement Planning Company of New England, Inc. The Retirement Planning Company of New England, Inc. logo Find an Advisor

Read Review

$262,472,051 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
2 Mystic Asset Management Mystic Asset Management logo Find an Advisor

Read Review

$306,464,775 $500,000
  • Financial planning
  • Portfolio management
  • Selection of other advisers
  • Trust account management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisers
  • Trust account management
3 Financial Independence, LLC Financial Independence, LLC logo Find an Advisor

Read Review

$209,888,433 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

What We Use in Our Methodology

To find the top financial advisors in Warwick, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

The Retirement Planning Company of New England

The Retirement Planning Company of New England (RPC) leads this list. These advisors can sell insurance products and securities on a commission basis, which induces a potential conflict of interest. Despite this, the firm's fiduciary duty legally binds it to act in clients' best interests at all times.

The vast majority of the individual clients here do not have a high net worth. Though it may waive this requirement at its discretion, the firm typically calls for a minimum investment of at least $500,000, which comes out to a minimum annual management fee of $5,625. RPC also advises nonprofit and charitable organizations.

The Retirement Planning Company of New England Background

Dave Allaire co-founded RPC in 1996, and today, he is the sole owner. Allaire has more than 30 years of experience in the financial services industry.

RPC primarily manages investment accounts on a discretionary basis, though it also offers its advisory services on a non-discretionary basis. The firm may provide financial planning, covering such topics as estate planning and tax issues. 

The Retirement Planning Company of New England Investing Strategy

RPC uses the principle of diversification to manage risk in client portfolios. The firm uses individual stocks and bonds to construct portfolios, though it may also utilize mutual funds and exchange-traded funds (ETFs). In forming its advice, it may use charting, fundamental analysis, technical analysis and cyclical analysis.

Mystic Asset Management

Fee-based Mystic Asset Management employs certain advisors that can sell insurance products and securities on a commission basis. While this presents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests no matter what.

About a third of the client base here has a high net worth. The minimum to open an investment account is $500,000, which translates to a $5,000 minimum annual management fee. The firm may lower these minimums at its discretion. It also offers its services to banks, thrift institutions, retirement plans, trusts and estates.

Mystic Asset Management Background

Henry Honiss founded Mystic Asset Management in 1992. He sold it 10 years later to David Allaire and Sam Pappas, who are now equal partners in the firm. At the firm, Pappas serves as president and CEO and Allaire as executive vice president. 

Mystic Asset primarily manages investment accounts on a discretionary basis, though does it on a non-discretionary basis, too. Along with these services, the firm may provide financial advice unrelated to securities, covering such topics as estate planning and tax issues. 

Mystic Asset Management Investing Strategy

Mystic Asset Management uses diversification as its primary strategy. It will invest in stocks and bonds, and possibly mutual funds and exchange-traded funds (ETFs). Its methods of securities analysis are charting, fundamental analysis, technical analysis and cyclical analysis.

Financial Independence

Financial Independence works almost entirely with individual clients, the majority of whom do not have a high net worth. The rest of the firm's client base is comprised of high-net-worth individuals and retirement plans. The firm has a $500,000 minimum investment requirement, though it may be willing to waive this under certain circumstances.

Despite being a fairly small advisory team, fee-based Financial Indepence's staff has a handful of certifications. These include chartered financial consultant (ChFC), behavioral financial advisor (BFA), accredited investment fiduciary (AIF) and certified financial planner (CFP).

Financial Independence Background

Although it wasn't until 2021 that Financial Independence became an SEC-registered RIA, the firm was established back in 2009. Firm president Rick W. Campbell is the firm's principal owner. Campbell has around 25 years of experience working in the financial services industry.

Financial planning services at this firm can cover topics like Social Security review, 401(k) planning, estate planning, educational fund planning, tax planning, insurance planning and more. Investment management services are customizable and offered through the AssetMark Platform.

Financial Independence Investing Strategy

When working with clients on their investments, Financial Independence will work with them to determine what kind of investment portfolio they should have. That means going over their risk tolerance, time horizon, income needs, short- and long-term goals and any other relevant factors.

Generally speaking, the firm tends to invest in mutual funds and ETFs. However, it may also be open to other potential securities, like equities, corporate bonds, municipal bonds, variable life insurance, annuities and U.S. government securities.

How Long $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 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 weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.