Finding the Top Financial Advisor Firms in Wayne, PA
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 seven financial advisors in Wayne, Pennsylvania.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Radnor Financial Services, LLC Find an Advisor||$1,871,078,384||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Independence Advisors, LLC. Find an Advisor||$1,323,320,438||$2,000,000|| || |
|3||Almanack Investment Partners, LLC Find an Advisor||$1,014,492,463||$1,000,000|| || |
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|4||CMS Wealth Management Find an Advisor||$255,713,070||$1,000,000|| || |
|5||Hotaling Investment Management, LLC Find an Advisor||$247,499,327||$500,000|| || |
|6||Entrust Financial, LLC Find an Advisor||$168,397,420||$750,000|| || |
|7||Rosenzweig & Associates Find an Advisor||$146,640,68||$250,000|| || |
|8||Addis & Hill, Inc. Find an Advisor||$102,790,239||Varies based on account type|| || |
Minimum AssetsVaries based on account type
How We Found the Top Financial Advisors in Wayne, PA
The team at SmartAsset began by conducting research and gathering information about all advisor firms in the area that are registered with the Securities and Exchange Commission (SEC). We then removed firms that have faced disciplinary action in the past 10 years. We also eliminated advisory groups that did not provide financial planning or whose client base was less than 50% individual accounts. Finally, we ranked what was left on the list, from largest to smallest, based on assets under management.
All information is accurate as of the writing of this article.
Radnor Financial Services, LLC
At the top of our list, Radnor Financial Services (RFS) holds the most in assets under management. As a fee-only firm, the company doesn’t collect compensation by selling or recommending specific investment products. This framework may reduce potential conflicts of interest, because the advisors aren’t incentivised to recommend specific investments. Instead, they focus on your best interests.
The firm doesn’t require a minimum investment to open an account. However, it imposes a minimum fee of $10,000 for investment advisory services.
The team includes nine certified financial planners (CFPs), five certified public accountants (CPAs), one certified funds specialist (CFA), one chartered alternative investment analyst (CAIA), a member of the American Institute of Certified Public Accountants (AICP), a member of the Pennsylvania Institute of Certified Public Accountants (PICPA), a member of the Chartered Institute of Management Accountants (CIMA) and a member of the Institute of Management Accountants (IMA). (Advisors may have multiple professional accreditations).
Radnor Financial Services Background
RFS provides a range of portfolio management and financial planning services to individuals. It was founded in 1989 and is currently owned by Chief Investment Officer Michael Mattise and Chief Operating Officer Carl Rosenfeld.
The firm can tailor a financial plan to your needs, but focuses on the following services:
- Wealth management
- Executive financial planning
- Tax preparation and accounting
- Managing trusts
- Charitable giving
- Estate planning
- Retirement planning
Radnor Financial Services Investment Strategy
RFA’s 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 deem it necessary. It also focuses on tax efficiency and keeping costs low.
The firm may utilize several asset classes including the following:
- Domestic and international equity securities
- Fixed income
- Real estate
- Hedge funds
Independence Advisors, LLC.
Independence Advisors is a fee-only financial advisory firm with millions in assets under management (AUM). To open an account with the firm, you’d need at least $2 million. The firm provides financial management, investing advice and pension consulting services.
Its team features five chartered financial analysts (CFAs), two certified financial planners (CFPs), two chartered financial consultants (ChFCs) and six financial paraplanner qualified professionals (FPQPs).
Independence Advisors Background
Independence Advisors formed in 1993 (as an Inc. rather than an LLC). The principal owner is Charles P. Boinske, who serves as the firm’s president. Independence Advisors offers wealth management services to all types of clients, with a focus on anesthesiologists.
Independence Advisors Investment Strategy
The firm aims to build globally diversified portfolios to hedge against market volatility, using a variety of software programs to evaluate securities. It typically relies on no-load mutual funds, though the firm doesn’t restrict investments to any particular asset class. In addition, Independence Advisors may recommend mutual funds by Vanguard and Dimensional Fund Advisors, as it notes: “These mutual funds follow a passive asset class investment philosophy with low holdings turnover.”
Almanack Investment Partners, LLC
Almanack Investment Partners (AIP) has hundreds of millions in assets under management. The fee-based firm offers financial planning and investment advisory services to individuals, profit-sharing plans and pooled investment vehicles. The firm’s team includes two chartered financial analysts (CFAs).
To open a portfolio management account with AIP, you need a minimum investment of $1 million. The firm works with mostly high-net-worth individuals as well as pension and profit-sharing plans.
Almanack Investment Partners Background
AIP was founded in 2015, and Kevin Harper and James Judge own most of the firm. Both also still work for the firm. AIP breaks down its services into three silos. It serves advisors, institutional clients and individuals through their family office. The latter focuses on multi-generational family planning.
Almanack Investment Partners Investment Strategy
AIP has built different portfolio models and primarily invests client assets in exchange-traded funds (ETFs), mutual funds, equities, bonds and options. In selecting securities, the firm deploys several strategies including fundamental analysis. This involves evaluating the financial health of companies and the market it is in as a whole among other methods.
CMS Wealth Management
Capital Management Services, Inc. (CMS) is a fee-only advisor earning asset-based compensation, hourly fees and fixed fees. Though CMS has a small staff of advisors, the firm serves more than 600 clients, including high-net-worth individuals, individuals, charitable organizations and pension and profit sharing plans.
Among the firm’s advisors are two certified financial planners (CFPs) and one chartered financial analyst (CFA).
CMS Wealth Management Background
Though CMS became a registered investment advisor (RIA) firm in 1987, CMS 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.
CMS Wealth Management Investment Strategy
CMS 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 firm brochure.
The firm’s three modules are the core equity, diversified bond and satellite modules.
Hotaling Investment Management, LLC
Hotaling Investment Management is a fee-based firm with millions in assets under management. You’d need at least $500,000 to open an account. It caters mainly to women and the professional cyclist community. However, it also works with other individuals, trusts, foundations and endowments.
The investment management team features two certified financial planners (CFPs).
Hotaling Investment Management Background
Hotaling Investment first opened its doors in 2012. Bruce Hotaling, the only principal at the firm, currently owns the firm. 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 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, featuring:
- Large-cap growth
- Mid-cap core
- Municipal bonds (tax-free)
- Corporate bonds
- Exchange-traded fund (ETF) custom portfolio
- Mutual fund custom portfolio
- Master limited partnerships
- Real estate investment trusts (REITs)
Entrust Financial, LLC
Entrust Financial is a financial services firm that provides services to individuals, corporate retirement plans and charitable organizations. It currently holds millions in assets under management. The firm’s team features three certified financial planners (CFPs), and it works mostly with individuals outside the high-net-worth category. Entrust Financial generally imposes a minimum portfolio value of $750,000.
Entrust Financial Background
Entrust Financial was founded in 2015. Joslyn G. Ewart and Mckenzie J. Frankel own the firm. Both still work for the firm. The small team can deliver guidance on a variety of financial topics including the following:
- Business planning
- Cash-flow forecasting
- Trust and estate planning
- Financial planning
- Insurance planning
- Financial reporting
- Retirement planning
- Charitable giving
- Manager due diligence
- Tax planning
- Distribution planning
- 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 ints own due dilligence to evalaute these funds. It includes an analysis of several factors such as transaction fees and internal expenses.
Rosenzweig & Associates
With just three investment advisors, Rosenzweig & Associates has amassed a large amount in assets under management. When you open an account with RZ Wealth (the name it prefers to do business as), you can work with three accredited investment fiduciaries (AIFs) and two certified financial planners (CFPs).
To commence a relationship with the firm, you’d need a minimum investment of $250,000. RZ Wealth currently serves mostly individuals outside the scope of high net worth.
Rosenzweig & Associates Background
RZ Wealth has been in operation since 2014. Its sole principal is Irvin Rosenzweig, who still works for the firm, continuing a career of more than 32 years. The fee-based firm supports individuals, families, trusts, charitable organizations and foundations, pensions and corporations.
Advisors with RZ Wealth can offer guidance around several aspects of your financial life, including budgeting, retirement planning, estate planning and trust management.
Rosenzweig & Associates Investment Strategy
Like all firms on this list, RZ Wealth will work with you to compile a portfolio based on your needs, goals and financial situation. Their recommendations will be based on these factors, market conditions and more. But the firm will generally invest client assets among mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs) and individual securities such as stocks and bonds.
Addis & Hill, Inc.
Addis & Hill, Inc. is a fee-only firm with the lowest amount in client assets of any firm in our roundup. The firm serves more than 300 clients, including individuals, high-net-worth individuals, estates, trusts and pension and profit sharing plans. Addis’ staff includes one certified financial planner (CFP).
As for advisory fees, the firm charges asset-based fees and hourly fees. The firm’s minimum account size requirements range from $500,000 to $5 million.
Addis & Hill Background
Founded in 2000, Addis specializes in investment management, financial planning and advisor referral advisory services.
The firm’s owners are Kent R. Addis, Jr. and Justin J. Hill.
Addis & Hill Investment Strategy
This firm 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 equity and fixed income.