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Top Financial Advisors in Westport, CT

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Finding a Top Financial Advisor Firm in Westport, Connecticut

There are thousands of financial advisor firms with a wide range of specialties, so it can be difficult to know which one is the best option for you. For Westport, Connecticut residents, SmartAsset has put together the following list of the top financial advisor firms in the city. SmartAsset also has a financial advisor matching tool that can match you with local advisors who meet your specific needs.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Northeast Financial Consultants, Inc. Northeast Financial Consultants, Inc. logo Find an Advisor

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$2,661,623,147 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
2 Coastal Bridge Advisors Coastal Bridge Advisors logo Find an Advisor

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$2,097,536,887 $5,000,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

$5,000,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
3 CastleKeep Investment Advisors, LLC CastleKeep Investment Advisors, LLC logo Find an Advisor

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$537,461,659 $250,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters

Minimum Assets

$250,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
4 Paradigm Financial Partners, LLC Paradigm Financial Partners, LLC logo Find an Advisor

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$488,920,466 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
5 Westport Capital Markets, LLC Westport Capital Markets, LLC logo Find an Advisor

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$277,398,641 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
6 Benemark, Inc. Benemark, Inc. logo Find an Advisor

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$194,594,709 $250,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$250,000

Financial Services

  • Financial planning services
  • Portfolio management
7 Nauset Wealth Management, LLC Nauset Wealth Management, LLC logo Find an Advisor

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$174,161,956 $500,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
8 CFO Capital Management CFO Capital Management logo Find an Advisor

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$155,575,487 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
9 Greenhouse Wealth Management, LLC Greenhouse Wealth Management, LLC logo Find an Advisor

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$125,683,594 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management

How We Found the Top Financial Advisor Firms in Westport, Connecticut

SmartAsset only considered firms for this list if they are located in Westport and registered with the U.S. Securities and Exchange Commission (SEC). SEC registration is an important factor because it ensures that a firm abides by fiduciary duty, legally binding it to act in clients’ best interests. If a firm has disclosures on its Form ADV, doesn’t offer financial planning or doesn’t manage individual accounts, it was removed from contention. The remaining firms that meet these qualifications are listed here, ordered from the most assets under management (AUM) to the least.

Northeast Financial Consultants, Inc.

Northeast Financial Consultants, Inc.

Despite Northeast Financial Consultants’ (NFC) $2.6 billion in assets under management (AUM), the firm has just three financial advisors on staff and only 200 clients. As you might imagine, most of these clients have a high net worth, with about three-quarters of the firm’s client base qualifying as high-net-worth. However, the firm does maintain relationships with individuals beneath the high-net-worth threshold as well. There is no explicit account minimum here.

This fee-only firm has one certified public accountant (CPA) and one chartered financial analyst (CFA) among its advisory staff. It also currently claims a spot on SmartAsset’s list of the top financial advisor firms in Connecticut.

Northeast Financial Consultants, Inc. Background

Northeast Financial Consultants is an independently-owned firm that has been around since 1983. As a matter of fact, it’s the oldest firm on this list. Elwood Davis, the firm’s current president, created it after spending nine years working in the financial services industry.

Depending on what you’re looking for, Northeast Financial can provide the following:

  • Investment management
  • Retirement planning
  • Estate planning
  • Tax planning and management
  • Family office services
  • Legacy planning
  • Special needs planning
  • Employee benefits planning
  • Risk management

Northeast Financial Consultants, Inc. Investing Strategy

At the dawn of your relationship with Northeast Financial Consultants, your advisor will work with you to determine your risk tolerance and time horizon. It will then compare these factors with the general state of the market and figure out where to best allocate your assets. Northeast does note in its Form ADV that although your personal considerations are taken into account, the firm does prefer long-term investing.

Clients with substantial income needs will have fixed-income securities in their portfolio. Besides these securities, NFC also invests in stocks, real estate and more. But rather than invest directly in stocks and bonds, the firm will gain exposure via mutual funds and exchange-traded funds (ETFs).

Coastal Bridge Advisors

Coastal Bridge Advisors

Coastal Bridge Advisors is another very large financial advisor firm, located just off the Saugatuck River in central Westport. The firm employs the most advisors on this list, with a team of 14 total financial advisors who manage $2.1 billion in client assets. The firm also made SmartAsset’s list of the top financial advisor firms in Connecticut.

This staff has the most advisory certifications of any firm listed here, including two certified financial planners (CFPs), two certified investment management analysts (CIMAs), two chartered retirement planning counselors (CRPCs), one chartered financial analyst (CFA), one chartered divorce financial analyst (CDFA) and one chartered financial consultant (ChFC).

The minimum initial investment requirement at Coastal Bridge Advisors is $5 million, which comes in as the highest mark on this list. The firm has a client base dominated by high-net-worth individuals, but it also serves individuals, estates, trusts, ERISA plans, insurance companies and other businesses and charitable organizations.

Coastal Bridge is a fee-based firm, so some of its advisors can sell insurance products for a commission. While this is a potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.

Coastal Bridge Advisors Background

Coastal Bridge Advisors has three founding partners: Kevin Burns, Jim Pratt-Heaney and Bill Loftus. The trio opened the firm in 2009. Between them, they have about 90 years’ experience managing clients’ money and investments.

The firm has developed a proprietary selection of services entitled “Virtual Family Office.” This is meant to be an all-inclusive service that takes into account retirement planning, tax planning, philanthropic gift planning, investment management, insurance planning, deposit account planning, family and corporate governance and estate planning.

Coastal Bridge Advisors Investing Strategy

When formulating the composition of clients’ portfolios, Coastal Bridge Advisors will first talk with you to figure out where your tolerance for risk, liquidity needs and time horizon currently stand. By doing this, the firm will create a template by which it can determine whether a specific investment falls in line with your personal needs. Should your investment goals change, let your advisor know and your asset allocation will be adjusted accordingly.

CastleKeep Investment Advisors, LLC

CastleKeep Investment Advisors, LLC

CastleKeep Investment Advisors, LLC is a fee-only firm that has almost $540 million in assets under management (AUM). The firm does not have any advisory certifications between its team of four advisors.

CastleKeep has just 60 clients, with most of its clients being individuals (both with and without a high net worth). The firm also maintains advisory relationships with families, trusts, estates and private investment companies. To become a client of CastleKeep, you'll need to have at least $250,000 in investable assets.

CastleKeep Investment Advisors, LLC Background

CastleKeep Investment Advisors has been in business since 2000. Charlie Haberstroh, the firm’s current president, CEO and chief investment officer (CIO), founded the firm. The firm is owned by CKA Holdings, LLC, a financial services holding company, which Haberstroh claims a 74% stake in.

The majority of what CastleKeep does falls under its independent investment management services. If you’re looking for a more robust offering, the firm provides family office services as well. For these clients, the firm will act as the chief financial officer (CFO) of their overall wealth.

CastleKeep Investment Advisors, LLC Investing Strategy

For the most part, CastleKeep Investment Advisors adheres to an equity-centric investing ideology. It has two proprietary equity-based portfolio strategies:

  • Low PE Strategy - Portfolios that institute this strategy prefer stocks that have a price-to-earnings ratio at or below the median for specific areas of the U.S. market. Furthermore, these equities need to have reasonable prospects for revenue and overall earnings growth.
  • Defensive Dividend Strategy - This strategy is aimed at clients with a need for consistent investment income. Typical securities in these portfolios include large-cap stocks that offer around 5% annual dividend growth or more.

Paradigm Financial Partners, LLC

Paradigm Financial Partners, LLC

Paradigm Financial Partners is one of five firms on this list that does not have a minimum account size. As a result of this, the firm’s client base consists of many different types of clients, including individuals, high-net-worth individuals, family offices, trusts, estates, businesses, charitable foundations and retirement plans. In total, the firm has five financial advisors and $489 million in assets under management (AUM).

There are no advisory certifications across the advisory team at Paradigm Financial.

As a fee-based firm, Paradigm Financial Partners employs advisors that sell insurance products for a commission. Although this presents a potential conflict of interest, the firm is a fiduciary, and therefore is legally bound to act in your best interest.

Paradigm Financial Partners, LLC Background

Although Paradigm Financial Partners was established in 2003, it only gained its status as a registered investment advisor (RIA) in 2018. The firm is principally owned by Paradigm Financial Holdings, LLC, a financial services holding company. Paradigm Financial Holdings is owned by the firm’s managing principals Lee Rawiszer and David Halper.

Financial planning and investment management are the two main services at Paradigm Financial. Clients can take advantage of the following:

  • Retirement planning
  • Estate planning
  • Educational savings planning
  • Cash flow analysis
  • Investment planning

Paradigm Financial Partners, LLC Investing Strategy

Paradigm Financial Partners has laid out five distinct principles in its Form ADV that it hopes its investment philosophy will achieve:

  • Manage risk efficiently
  • Maximize diversification
  • Use alternative investments
  • Capitalize on traditional asset classes
  • Maintain a consistent portfolio construction process

When it comes to the actual management of your portfolio at Paradigm, the firm can offer either discretionary or non-discretionary services. Its securities choices usually include mutual funds, ETFs, equities and bonds.

Westport Capital Markets, LLC

Westport Capital Markets, LLC

The five-person team of advisory employees at Westport Capital Markets, LLC includes one certified public accountant (CPA). The firm deals almost completely with individuals and high-net-worth individuals. However, it also provides services to pension and profit-sharing plans, retirement plans and trust accounts.

There are no minimum investable asset requirements for new clients of the firm.

Westport Capital Markets is a fee-based firm and certain advisors working there have the opportunity to receive commissions and other compensation in exchange for the sale of insurance products and specific securities. This represents a potential conflict of interest, but like firms on this list, it is bound by fiduciary duty.

Westport Capital Markets, LLC Background

Westport Capital Markets opened its doors for business in 1996, making it one of the oldest firms on this list. Today, the firm is independently-owned by president, CEO and chief compliance officer (CCO) Christopher E. McClure.

Clients of Westport Capital will have access to financial planning, portfolio management and consulting services. More specifically, this involves:

  • Goal-based financial planning
  • Discretionary investment management
  • Retirement plan consulting for plan sponsors and participants

Westport Capital Markets, LLC Investing Strategy

Rather than institute a firm-wide investment ideology, Westport Capital Markets uses a variable strategy that can be adjusted based on clients’ specific characteristics. In other words, your risk tolerance, individual investment goals, time horizon and liquidity needs will dictate what you portfolio ultimately looks like.

As your asset allocation matures, Westport Capital will continually monitor your investments. It does this not only to ensure its plans are working, but also so it can rebalance your assets should they shift from your original asset allocation.

Benemark, Inc.

Benemark, Inc.

Benemark, Inc. employs two financial advisors to manage its around 70 clients and $194.5 million in assets under management (AUM). Each of these advisors holds a certified financial planner (CFP) designation. This is a fee-only firm.

More than 90% of Benemark’s client base is comprised of individuals beneath the high-net-worth threshold. Outside of this group, the firm works with high-net-worth individuals and trusts. The minimum account size for new clients is $250,000.

Benemark, Inc. Background

Benemark’s CEO Robert A. Medvey and CFO Gregg G. Padilla co-founded this firm in 1995. They remain equal owners of the firm to this day and have spent a combined 50 years working in the financial services industry.

Aside from the standard investment advisory services at Benemark, the firm offers comprehensive financial planning, which can include:

  • Tax planning
  • Risk management and insurance planning
  • Estate planning
  • Budget/Cash flow planning
  • Investment planning
  • Retirement planning

Benemark, Inc. Investing Strategy

Benemark is unique in that its investment ideology isn’t entirely wrapped up in either active or passive investment management. The firm can pivot between the two to develop a portfolio plan that lines up with your current needs and future plans. How much either strategy is integrated into your portfolio will vary depending on your risk tolerance and income needs.

There are many ways to achieve diversification, but Benemark has its own method to make sure that your assets are adequately diversified. This involves investing heavily in ETFs and mutual funds, as these investments represent baskets of securities, they already have some built-in diversification.

Nauset Wealth Management, LLC

Nauset Wealth Management, LLC

Fee-only Nauset Wealth Management, LLC maintains a client base that is dominated by non-high-net-worth individuals, though it also works with some high-net-worth individuals. There is a $500,000 minimum investable asset requirement at Nauset.

There are two financial advisors working at this firm. One is a certified financial planner (CFP), while the other is not. Nauset has $175 million in assets under management (AUM).

Nauset Wealth Management, LLC Background

Founded in 2000 by firm president Michael Lombardo, Nauset Wealth Management now splits its ownership shares between Lombardo, VP of marketing and technology Karen Swanson and Nauset Strategic Partners, Inc., a holding company.

Nauset has a wide range of advisory services spanning across the investment management and financial planning verticals. As far as investing goes, the firm can help clients build their portfolio and monitor it over the long-term. Its financial planning offerings include retirement planning, estate planning, cash flow management, insurance planning and review and tax planning.

Nauset Wealth Management, LLC Investing Strategy

Every client’s investor profile will call for a different asset allocation. Nauset Wealth Management is mindful of this, so the firm offers clients an array of investment options. For example, Nauset might invest in mutual funds, ETFs, corporate bonds, government bonds, variable annuities, CDs, exchange-listed securities and more.

CFO Capital Management

CFO Capital Management

CFO Capital Management, which also goes by Cruice Investment Advisors, Ltd., has $155 million in client assets under management (AUM). The firm has an exceptionally high number of advisory certifications for its size. In fact, it employs three certified financial planners (CFPs), one chartered life underwriter (CLU), one chartered financial consultant (ChFC), one chartered financial analyst (CFA), one certified fund specialist (CFS) and one certified income specialist (CIS).

The firm’s client base is made up entirely of individuals (both with and without a high net worth). There are no minimum investable asset requirements at the firm.

Fee-based CFO Capital Management has some advisory employees that can sell insurance products for a commission. While this represents a possible conflict of interest, the firm is fiduciary, legally binding it to act in your best interest.

CFO Capital Management Background

Prior to September 2018, CFO Capital Management went by Cruice Investment Advisors. The firm can trace its history back to 1987, making it the second-oldest firm on this list behind just Northeast Financial Consultants, Inc. The firm is principally owned by CEO and co-chief investment officer (CIO) James S. H. Cruice, Jr.

Investment management is an important part of CFO Capital Management’s services, but it specializes in financial planning. Its sizable set of services includes risk management, retirement planning, tax planning, estate planning, education fund planning, net worth determination, cash flow planning and more.

CFO Capital Management Investing Strategy

CFO Capital Management has a different way of approaching the creation of clients’ investment portfolios than most firms. When the firm starts a new advisory relationship, it determines what the client’s goals are for the next three to five years. So the firm’s initial asset allocation will be built with the mindset that it will help the client reach that point.

Then, when those three to five years are up, CFO Capital Management will focus on the next three- to five-year window, and so on. This differs from the traditional advisory setup where a firm looks decades down the line.

Greenhouse Wealth Management, LLC

Greenhouse Wealth Management, LLC

There’s only one financial advisor at Greenhouse Wealth Management, LLC managing its $125 million in client assets. This advisor, founder and president Ryan W. Callas, is a certified financial planner (CFP).

This fee-only firm has no minimum account size. Despite this, more than 80% of the clients at Greenhouse are individuals with a high net worth. Non-high-net-worth individuals, trusts and estates round out the firm’s client base.

Greenhouse Wealth Management, LLC Background

Greenhouse Wealth Management was created in 2016 by its current president and chief compliance officer (CCO) Ryan W. Callas. Callas still owns 100% of the firm’s shares. He has been employed in the financial services sphere since 2008.

Investment management and financial planning are the two premier services of Greenhouse. However, if you’d prefer to have a combination of these offerings, you can also subscribe to the firm’s wealth management program.

Greenhouse Wealth Management, LLC Investing Strategy

Like most financial advisor firms today, Greenhouse Wealth Management favors investing with a long-term mindset. In a technical sense, this means that if you buy a security, you’ll hold onto it for a year or longer. This style of investing helps to keep trading fees low.

Under certain circumstances, Greenhouse may find that short-term investing could be beneficial for you. This is typically reserved for less risk-averse investors because buying and selling to try and take advantage of market movements can introduce serious volatility to your portfolio.

How Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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