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||$1,600,764,456||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Independence Advisors, LLC. Find an Advisor||$923,161,261||$2,000,000|| || |
|3||Hillview Capital Advisors, LLC. Find an Advisor||$848,657,735||$500,000|| || |
|4||Almanack Investment Partners, LLC Find an Advisor||$750,000,000||$1,000,000|| || |
|5||Hotaling Investment Management, LLC Find an Advisor||$ 210,667,525||$500,000|| || |
|6||Rosenzweig & Associates Find an Advisor||$151,119,180||$250,000|| || |
|7||Entrust Financial, LLC Find an Advisor||$136,281,122||$750,000|| || |
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.
Radnor Financial Services, LLC
At the top of our list, Radnor Financial Services (RFS) holds more than $1 billion 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 more than $900 million in assets under management. 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.”
Hillview Capital Advisors, LLC.
Managing more than $800 million in assets, Hillview Capital Advisors (HCA) mostly serves high-net-worth individuals. You need a minimum of $500,000 for portfolio management services. The firm works on a fee-only basis. This means it collects fees only based on the services it provides to clients. HCA doesn't earn any commissions, transaction fees or other third-party expenses that may be associated with the management of your portfolio.
Hillview Capital Advisors Background
HCA was founded in 1999 and is owned by David Spungen and Jonathan Hochberg. The firm offers wealth management, philanthropic advisory services and outsourced chief investment officer services. The team has one chartered financial analyst (CFA) and one certified public accountant (CPA).
Hillview Capital Advisors Investment Strategy
HCA seeks to build a diversified portfolio that adheres to a client’s investment goals. Generally, it allocates assets among mutual funds, exchange-traded funds (ETFs), private partnerships and independent managers appropriate to the client’s objectives. The firm’s investment committee also designs model portfolios based on different risk profiles: conservative, moderate and aggressive.
Almanack Investment Partners, LLC
Almanack Investment Partners (AIP) has more than $700 million 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.
Hotaling Investment Management, LLC
Hotaling Investment Management is a fee-based firm with more than $200 million 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 five-person 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)
Rosenzweig & Associates
With just three investment advisors, Rosenzweig & Associates has amassed more than $100 million 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.
Entrust Financial, LLC
Entrust Financial is a financial services firm that provides services to individuals, corporate retirement plans and charitable organizations. It currently holds more than $100 million 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.