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Top Financial Advisors in Westlake, OH

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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 Westlake, Ohio

Finding the right financial advisor can be difficult. To help you narrow down your search, we formed a list of the top advisors in the Westlake area. Though the area presents many firm options, our list only includes firms that met certain requirements. In our review, we compare each firm’s advisory services, assets under management (AUM), fee structure, investment strategies and more. If you’d prefer another option, SmartAsset’s free financial advisor matching tool connects you with up to three local advisors within minutes. 

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Scott Snow (Financial Advisors), LLC Scott Snow (Financial Advisors), LLC logo Find an Advisor

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$565,316,734 $3,000,000
  • Portfolio management
  • Financial planning

Minimum Assets

$3,000,000

Financial Services

  • Portfolio management
  • Financial planning
2 Lesjak Planning, LLC Lesjak Planning, LLC logo Find an Advisor

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$307,400,000 No set account minimum
  • Portfolio management
  • Financial planning
  • Publication of periodicals

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Publication of periodicals
3 Cornerstone Wealth Management Cornerstone Wealth Management logo Find an Advisor

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$284,148,251 No set account minimum
  • Portfolio management
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
4 Paradigm Wealth Management, LLC Paradigm Wealth Management, LLC logo Find an Advisor

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$258,490,000 No set account minimum
  • Portfolio management
  • Financial planning
  • Selection of other advisors
  • Educational seminars

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors
  • Educational seminars
5 Elios Financial Group, Inc. Elios Financial Group, Inc. logo Find an Advisor

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$191,630,892 No set account minimum
  • Portfolio management
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
6 JPS Financial, LLC JPS Financial, LLC logo Find an Advisor

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$217,933,786 $250,000
  • Portfolio management
  • Financial planning
  • Pension consulting

Minimum Assets

$250,000

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
7 Michael Brady & Co., LLC Michael Brady & Co., LLC logo Find an Advisor

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$130,797,236 $250,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors

What We Use in Our Methodology

To find the top financial advisors in Westlake, 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.

Scott Snow (Financial Advisors)

Scott Snow (Financial Advisors) leads our list with hundreds of millions in AUM. The fee-only firm has a couple of on-staff advisors who serve almost 90 clients, including non-high-net-worth and high-net-worth individuals and one charitable organization. Scott Snow’s advisors also boast various qualifications, including the certified public accountant (CPA), certified financial planner (CFP) and certified investment management analyst (CIMA) designations. 

Scott Snow is compensated through asset-based fees, fixed fees and hourly charges. The firm imposes a $3,000,000 account minimum, though it may negotiate this requirement.

Scott Snow (Financial Advisors) Background

Scott Snow (Financial Advisors) was established in 2005 under the ownership of founder and managing director Scott Snow. Advisors primarily offer investment management and financial planning services. The firm’s wealth management services may also include one or more of the following:

  • Retirement planning
  • Cash flow and net worth analysis
  • Education funding
  • Tax planning
  • Estate planning
  • Philanthropic planning
  • Asset protection

Scott Snow (Financial Advisors) Investment Strategy

Scott Snow says it generally bases its asset allocations off modern portfolio theory (MPT), as well as other factors such as client age, time horizon, investment goals, financial situation and risk tolerance. Scott Snow also limits its investment advice to mutual funds and/or investment managers who invest in domestic and international fixed income and equity securities.

Scott Snow may also provide advice private equity, limited partnerships, limited liability companies and hedge fund investments. 

Lesjak Planning

Lesjak Planning is a fee-only advisory firm providing wealth management services to individuals with and without a high net worth, pension plans, estates, trusts and charitable organizations. The firm’s client base totals to nearly 400, and Lesjak has hundreds of millions in AUM. Additionally, each of the firm’s advisors holds the certified financial planner (CFP) designation. 

Lesjak is compensated for its advisory services through asset-based fees, hourly charges and fixed fees. The firm has no set account minimum. 

Lesjak Planning Background

Lesjak Planning functions as a family-owned financial planning firm that was formed in 1980. The firm mainly provides investment advisory and financial planning services. Lesjak also offers new clients Premiere Asset Management Program and its Annual Management Program (AMP). The firm uses both programs in conjunction with an asset allocation model that’s specific to each client’s investment objectives. 

Lesjak’s financial planning services may also include estate, tax, retirement and insurance planning. Clients have access to various educational opportunities, including private seminars, newsletters and one-on-one client meetings. 

Lesjak Planning Investment Strategy

Lesjak Planning generally employs a long-term investment strategy, and the firm uses portfolio diversification as a means of increasing investment return rates. Lesjak also explains on its firm brochure that it believes its buy-and-hold approach will reduce volatility in client portfolios. 

Firm advisors generally create asset allocation models using equities, fixed income and treasury securities. 

Cornerstone Wealth Management

Fee-only financial advisor firm Cornerstone Wealth Management has the third-largest amount in client assets and more than 330 clients. The firm’s advisors offer financial guidance to non-high-net-worth and high-net-worth individuals, retirement plans, trusts, estates, charitable organizations and corporations. 

The firm doesn’t require a minimum account size. Firm qualifications include the certified financial planner (CFP), certified public accountant (CPA) and accredited investment fiduciary (AIF) designations. 

Cornerstone Wealth Management Background

Established in 1995 under the ownership of Nick Dionisos, Cornerstone Wealth Management chiefly offers portfolio management and financial planning. The firm’s wealth management services encompass various areas of financial planning, including:

  • Insurance
  • Tax and cash flow
  • Retirement planning
  • Education
  • Death and disability
  • Personal 

Firm professionals may also offer advice on estate planning, budgetary planning and business planning. 

Cornerstone Wealth Management Investment Strategy

Cornerstone Wealth Management invests in a range of securities, including stocks, mutual funds, exchange-traded funds (ETFs), options contracts, certificates of deposit (CDs), municipal and corporate debt securities and U.S. government securities. 

The firm utilizes fundamental and technical analysis to evaluate investment opportunities and market trends. Cornerstone also implements a long-term investment approach, typically investing securities within a 12- to 24-month time horizon.

Paradigm Wealth Management

Paradigm Wealth Management has millions in AUM, and the firm’s small staff of advisors serves over 100 clients. Paradigm is compensated through asset-based fees and hourly fees for its advisory services. The firm doesn’t impose a minimum account size for its clients, which include non-high-net-worth and high-net-worth individuals and charitable organizations. 

Paradigm’s fee structure is fee-only, so advisors only receive compensation for the services they provide and not for the products they sell. All but one of the firm’s financial advisors has the certified financial planner (CFP) designation. 

Paradigm Wealth Management Background

This Westlake-based firm formed in 2008. Primarily owned by managing partner Douglas Kuhlman, the firm specializes in asset management, financial planning and advisor referral services. Paradigm also offers educational seminars that cover topics such as asset allocation, diversification, time horizon and risk tolerance. 

Paradigm Wealth Management Investment Strategy

The firm uses investment policy statements to identify each client’s long- and short-term investment goals. Paradigm uses modern portfolio theory (MPT) and portfolio diversification to allocate assets across different asset classes. The firm generally offers advice on CDs, equities, municipal securities, mutual fund shares, ETFs, real estate investment trusts (REITs) and options contracts on securities and commodities. 

Paradigm also employs long-term purchases, margin transactions and option writing. The firm’s securities analysis methods include charting, technical, cyclical and fundamental analysis.

Elios Financial Group

Elios Financial Group is a fee-based financial advisor firm. Therefore, advisors can earn commission-based compensation from the sale of insurance products, potentially creating a conflict of interest. However, the firm’s fiduciary duty protects client needs. 

The firm has more than 240 clients, all of whom are individuals with less than a high net worth. One of the firm’s advisors holds both the chartered financial consultant (ChFC) and chartered life underwriter (CLU) designations. Elios doesn’t impose an account minimum.

Elios Financial Group Background

Elios Financial Group, a financial planning and investment management firm, was founded in 1994. The firm mainly provides portfolio management and financial planning and consulting services, but it also offers advisor referral services. Elios’ services additionally feature free portfolio risk analysis. 

James T. Elios is the firm’s sole owner, and he serves as chief executive officer (CEO). 

Elios Financial Group Investment Strategy 

Elios says on its website that its mission is to help its clients by easing their transition to retirement. The firm employs several investment strategies, including asset allocation, fundamental analysis, portfolio rebalancing, modern portfolio theory (MPT), technical analysis and long- and short-term purchases. 

The firm uses mutual funds, exchange-traded funds (ETFs), stocks and bonds when building client portfolios.

JPS Financial

JPS Financial is a fee-based firm serving more than 200 clients, including non-high-net-worth and high-net-worth individuals. Because the firm is fee-based, advisors may recommend or sell insurance products for a commission. This can create a conflict of interest if advisors favor commission-based products over client needs. The firm’s fiduciary duty prevents this, as it requires advisors to work in each client’s best interest. 

JPS Financial requires a minimum account size of $250,000, and the firm charges advisors asset-based, hourly charges and fixed fees.

JPS Financial Background

Established in 2014, JPS Financial offers portfolio management and consulting, financial planning and pension consulting services. The firm also provides educational seminars on diversification, asset allocation, risk tolerance and time horizon. 

JPS Financial’s owners are John Pinter, Greg Pinter and Steve Pinter. John Pinter is a chartered life underwriter (CLU) and chartered financial consultant (ChFC), while Greg Pinter is a chartered financial analyst (CFA) and certified financial planner (CFP).

JPS Financial Investment Strategy 

JPS Financial primarily offers investment advice on mutual funds and equity securities, but it may shift its advice to securities that suit a client’s specific investment objectives. The firm’s investment strategies include long-term purchases, fundamental analysis and short-term purchases.

Michael Brady & Co.

Fee-only Michael Brady & Co. is an entirely individual-centric firm. In fact, its client base is dominated by non-high-net-worth individuals, along with a smaller amount of high-net-worth individuals. The firm requires a minimum initial investment of $250,000 from new clients, though it may be willing to waive this.

Both of the on-staff advisors at this firm are certified financial planners (CFPs).

Michael Brady & Co. Background

Michael Brady & Co. was founded back in 2003, meaning it's been in business for almost two decades. The firm is majority-owned by its founder, Michael Brady, and minority-owned by his son, Cameron Brady.

Investment management and financial planning services are both available through Michael Brady & Co. Financial planning can cover a wide variety of topics, like retirement, insurance, taxes, cash flow, estates, education funding, financial issues and more.

Michael Brady & Co. Investing Strategy

Michael Brady & Co. tailors each client portfolio based on their personal needs. This involves a number of important factors, such as your risk tolerance, time horizon, liquidity needs, income requirements and long-term financial goals. The firm may even allow you to deem certain types of securities uninvestable should you so choose.

Your advisor will build a diversified asset allocation plan for you based on the above. This plan will detail what types of securities will exist within your portfolio and what percentage of the whole they will occupy. Investments typically made by the firm include individual stocks, bond mutual funds, balanced mutual funds, exchange-traded funds (ETFs), money market funds and bonds.

How Long $1mm 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 analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research