Finding the Top Financial Advisor Firms in Wayne, Pennsylvania
It can be challenging to find a financial advisor. You have plenty of options to choose from and tons of pages to read in order to make the right selection. But don’t worry. We did all the hard work for you and conducted in-depth research to bring you the top financial advisors in Wayne, Pennsylvania, which is a Philadelphia suburb.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Radnor Financial Advisors, LLC Find an Advisor||$2,814,388,473||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
|2||Kathmere Capital Management, LLC Find an Advisor||$2,073,439,346||$500,000|| || |
|3||CMS Wealth Management Find an Advisor||$369,469,246||$1,000,000|| || |
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|4||Wick Capital Partners, LLC Find an Advisor||$294,170,732||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Hotaling Investment Management, LLC Find an Advisor||$353,209,299||$500,000|| || |
|6||Entrust Financial, LLC Find an Advisor||$235,756,616||$750,000|| || |
|7||Addis & Hill, Inc. Find an Advisor||$142,795,441||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Wayne, 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.
Radnor Financial Advisors
At the top of our list, Radnor Financial Advisors holds the most in assets under management of any firm on this list. As a fee-only firm, the company doesn’t collect compensation by selling or recommending specific finanical products. The firm doesn’t require a minimum investment to open an account. However, it imposes a minimum annual fee of $10,000 for investment advisory services.
The team of advisors here boasts a wide range of certifications. These include certified financial planner (CFP), certified public accountant (CPA), certified fund specialist (CFS), chartered alternative investment analyst (CAIA) and more.
Radnor Financial Advisors Background
Radnor Financial Advisors provides a range of portfolio management and financial planning services to individuals. It was originally founded in 1986 under the name Radnor Capital Corporation, and it changed its name to what it currently is in 1989. Today, the firm is owned by CI Private Wealth US, LLC, a separate financial services company.
The firm can tailor a financial plan to your needs, but it typically focuses on wealth management, executive financial planning, tax preparation and accounting, managing trusts, charitable giving, estate planning and retirement planning.
Radnor Financial Advisors Investment Strategy
Radnor Financial Advisors' investment approach begins with a deep conversation with the client to discuss short- and long-term goals, risk tolerance, financial situation and more. It then considers your profile to build a diversified portfolio with the right asset allocation. The firm may rebalance when factors like your financial situation or market conditions when it deems it necessary. It also focuses on tax efficiency and keeping costs low.
The firm may utilize several asset classes, including domestic and international equities, fixed-income securities, commodities, cash, real estate and hedge funds.
Kathmere Capital Management
Second on our list is Kathmere Capital Management. This fee-based firm manages the assets for a wide range of clients, including non-high-net-worth and high-net-worth individuals, estates, trusts, pension and profit sharing plans, charitable organizations, corporations, foundations, endowments and investment funds.
Kathmere’s team presents a range of specialties. Industry credentials among the firm’s staff include the certified financial planner (CFP), chartered financial analyst (CFA), accredited investment fiduciary (AIF), chartered financial consultant (ChFC), certified plan fiduciary advisor (CPFA) and certified private wealth advisor (CPWA) designations.
Though asset-based, hourly and fixed fees make up Kathmere’s primary forms of compensation, some advisors earn commissions from investment products. Though this practice can introduce a potential conflict of interest, Kathemere has a fiduciary duty to act in clients' best interests. The firm also has a minimum account size requirement of $500,000, though this is waivable at the discretion of the firm.
Kathmere Capital Management Background
Founded in 2019, Kathmere provides financial planning, portfolio management, pension consulting and advisor selection advisory services. The firm also provides family office services.
Kathmere’s principal owner is firm president Michael P. McDermott.
Kathmere Capital Management Investment Strategy
Kathmere uses a “top-down,” fundamentally focused investment process that aims to maximize portfolio returns through specific objectives and risk constraints, according to the firm's brochure. The firm also says it employs several different asset allocation models when building its clients’ portfolios.
This firm mainly invests in exchange-traded funds (ETFs) and no-load mutual funds. However, it periodically uses individual stocks, money market funds, individual bonds, structured products and private investment funds.
CMS Wealth Management
CMS Wealth Management is a fee-based advisory firm that primarily earns asset-based compensation, hourly fees and fixed fees from clients. However, the firm also employs advisors who can receive commissions from the sale of certain insurance products and securities. While this represents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.
Though CMS has a small staff of advisors, the firm serves hundreds of clients, including high-net-worth individuals, non-high-net-worth individuals and retirement plans. Among the firm’s advisors are certified financial planners (CFPs) and chartered financial analysts (CFAs). There is a $1,000,000 minimum account requirement.
CMS Wealth Management Background
Though CMS Wealth Management became an SEC-registered investment advisor (RIA) firm in 1987, it has been providing financial services since 1976. The firm’s primary advisory services include financial planning and consulting, investment management, advisor selection services and wrap fee programs.
CMS is wholly owned by Michael Ellis Feldman, who is also its president and CEO.
CMS Wealth Management Investment Strategy
CMS Wealth Management says it utilizes a combination of fundamental analysis and technical analysis when making investment decisions. The firm also uses a modular approach to enhance diversification when handling client holdings, according to its brochure.
The firm’s three modules are the core equity, diversified bond and satellite modules.
Wick Capital Partners
Wick Capital Partners is a small firm that works with a client base which consists almost entirely of both non-high-net-worth and high-net-worth individuals. It also works with a few business clients as well. There is no minimum account balance requirement at this firm.
As a fee-only firm, Wick Capital Partners and its advisors do not receive third-party commissions like a fee-based firm would. Wick only receives advisory fees from clients themselves.
Wick Capital Partners Background
Wick Capital Partners was founded in 2018, making it one of the youngest firms on our list. The firm's principal owner is Grace Winston, LLC, which is, in turn, owned by Christopher Topolewski, Edward Topolewski and Mark Feldser. Christopher Topolewski and Feldser both work at the firm. Other advisory staff members boast several advisory certifications, including certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA).
Wick's asset management services are provided to clients on a comprehensive basis, entailing both portfolio management and financial planning. It does not offer standalone financial planning. The firm manages almost all assets on a discretionary basis.
Wick Capital Partners Investment Strategy
The investment strategies at Wick Capital Partners are designed around each client's individuals needs and investment objectives. Advisors meet with clients to determine their overall financial profile so that they can design a fitting investment strategy. They also look to develop a financial plan based on factors such as financial history, tax situation, tolerance for risk and other factors.
The firm may utilize both active and passive portfolios, depending on the client. It also may use a wide vareity of asset classes to properly populate a client's portfolio, as each client will have a different set of investment objectives.
Hotaling Investment Management
Hotaling Investment Management is a fee-only firm, which means all of its compensation comes from client-paid fees and not third-party financial product commissions. You generally need at least $500,000 to open an account here, though the firm may be willing to waive this requirement. Hotaling works with high-net-worth and non-high-net-worth individuals, trusts, foundations, endowments, investment funds and businesses. It also has services specially built for women and the professional cyclist community.
The investment management team at Hotaling features a handful of chartered financial analysts (CFAs).
Hotaling Investment Management Background
Hotaling Investment Management first opened its doors in 2012. Bruce Hotaling, the only principal at the firm, currently owns it. Hotaling has more than 25 years' experience in the financial services industry.
It provides a suite of financial planning services tailored to individual client needs. You can also receive portfolio management services.
Hotaling Investment Management Investment Strategy
The team at Hotaling Investment Management designs and manages its own portfolio models based on traditional and quantitative research. It actively monitors these models and makes adjustments based on its economic outlook. The firm provides different equity-based and fixed-income-based models. These features investments like large-cap growth stocks, mid-cap core stocks, all-cap stocks, municipal bonds, corporate bonds, ETFs, mutual funds, master limited partnerships (MLPs) and real estate investment trusts (REITs).
Entrust Financial is a financial services firm that provides services to individuals with and without a high net worth, corporate retirement plans, businesses and charitable organizations. This is also a fee-only firm, which means all of its compensation comes from client-paid fees, leaving third-party commissions out entirely.
The firm’s team of on-staff advisors features certified financial planners (CFPs). This group works mostly with individuals outside the high-net-worth category. Entrust Financial generally imposes a minimum portfolio value of $750,000, though the firm may waive this requirement under certain circumstances.
Entrust Financial Background
Entrust Financial was founded in 2015. Founding principal Joslyn G. Ewart and principal Mckenzie J. Frankel own the firm, while also still working there.
The small team of advisors here can deliver guidance on a variety of financial topics. These include business planning, cash flow forecasting, trust and estate planning, insurance planning, financial reporting, retirement planning, charitable giving, manager due diligence, tax planning, distribution planning and risk management.
Entrust Financial Investment Strategy
Entrust Financial makes investment decisions based on modern portfolio theory, allocating assets among diverse securities based on factors like your risk profile and your time horizon. The firm typically considers retail no-load mutual funds, ETFs, bonds and stocks from both domestic and foreign companies.
The firm uses mutual funds from Charles Schwab. However, Entrust Financial notes that it performs its own due dilligence to evaluate these funds. It includes an analysis of several factors such as transaction fees and internal expenses.
Addis & Hill
Addis & Hill is a fee-only firm with the lowest amount in client assets of any firm in our roundup. The firm serves a couple hundred clients, including non-high-net-worth and high-net-worth individuals, estates and trusts. Addis’ staff includes one certified financial planner (CFP).
As for advisory fees, the firm charges asset-based fees and fixed fees. The firm technically doesn't have any minimum account size requirements, though it states individual clients often have anywhere from $500,000 to $10 million in investable assets.
Addis & Hill Background
Founded in 2000, Addis & Hill specializes in investment management, financial planning and advisor referral advisory services.
The firm’s owners are Kent R. Addis, Jr. and Justin J. Hill. As you might expect, they are also the firm's co-founders.
Addis & Hill Investment Strategy
Addis & Hill says in its brochure that it believes in optimizing portfolio diversification by using a mix of exchange-traded funds (ETFs), master limited partnerships and bonds. Addis also primarily uses asset allocation when handling client assets.
In the firm’s long-term portfolio strategic asset allocation objectives, Addis mainly invests in equities and fixed-income securities, both on an individual basis and through the use of funds.