Finding the Top Financial Advisors in Winter Park, FL
The search for a financial advisor can be challenging and time consuming. Finding one that best fits your needs takes more than a simple Google search. You must also dig through long and complex financial and disclosure documents to make sure the advisory firm has lived up to its code of ethics and can provide quality service. But don’t worry. The team at SmartAsset did all the hard work for you to bring you the top six financial advisor firms in Winter Park, Florida. We cover key details like services offered, minimum investments, fee structures and more.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Water Oak Advisors, LLC Find an Advisor||$ 1,974,181,688||$1,000,000|| || |
|2||Ferrell Wealth Management Inc. Find an Advisor||$397,000,000||$500,000|| || |
|3||Stonebridge Financial Planning Group, LLC Find an Advisor||$146,784,748||Varies by portfolio type|| || |
Minimum AssetsVaries by portfolio type
|4||RiverTree Advisors, LLC Find an Advisor||$139,104,058||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||BARR Financial Services, LLC Find an Advisor||$127,743,985||No minimum account size|| || |
Minimum AssetsNo minimum account size
|6||Matthias Private Wealth, LLC Find an Advisor||$107,292,167||$5,000,000|| || |
How We Found the Top Financial Advisors in Winter Park, FL
We first compiled a list of all financial advisor firms in Winter Park that are registered with the Securities Exchange Commission. This government entity monitors the advisory space to make sure advisors are living up to their standards and laws around consumer protection. 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.
Water Oak Advisors, LLC
Water Oak Advisors (WOA) is a financial planning and investment advisory services firm with more than $1 billion in assets under management (AUM). The firm works primarily with high-net-worth individuals. It can advise you on related trusts, estates and other accounts. The firm also offers services to charities and businesses.
To open an individual investment portfolio with WOA, you’d generally need a minimum investment of $1 million.
When you work with WOA, you’d have access to four certified financial planners (CFPs) and two chartered financial analysts (CFAs). The firm works on a fee-only basis. This means it collects fees from you solely based on the services it provides to you. So it doesn’t collect commissions and other fees from third parties for making certain recommendations or selling specific investment products.
Water Oak Advisors Background
WOA can trace its roots back to 1996 when it opened as Capital Management Group under its current president, Clarke Lemons. The firm adopted its new name in 2006. WOA specializes in financial management, goal planning, estate management and tax preparation. It also offers managed portfolio services.
Water Oak Advisors Investment Strategy
WOA applies model portfolios based on factors such as your risk tolerance, current financial situation and long-term investment goals. To diversify your investments, the firm may allocate your assets among stocks, bonds, mutual funds and exchange-traded funds (ETFs). It also utilizes exclusive, institutionally priced funds.
Ferrell Wealth Management Inc.
With more than $300 million in assets under management, Ferrell Wealth Management lands at No. 2. The firm currently works entirely with high-net-worth individuals and registered investment advisors (RIAs), according to its most recent SEC filings. It also offers advice to trusts, estates, retirement plans, corporations, private pooled funds and religious organizations.
For portfolio management services, you’d need a minimum investment of $500,000. If you sign on with the firm, you’d have access to one certified financial planner (CFP) and one certified public accountant (CPA).
Ferrell Wealth Management Background
Ferrell Wealth Management is a private investment advisor that formed in 1996. It’s principally owned by James W. Ferrell, who also serves as president and CEO. The firm can provide a variety of financial planning services at your request. These can include advice around retirement plans, estates, trusts and more.
That said, the firm primarily focuses on portfolio management services. It also offers a robo-advisor feature called Intelligent Portfolios, which is available to independent advisors. The platform mainly utilizes exchange-traded funds (ETFs) and a cash allocation. Schwab Wealth Investment Advisory, Inc. sponsors Intelligent Portfolios.
Ferrell Wealth Management Investment Strategy
The firm uses computer-based asset allocation software to construct investment portfolios, depending on the client’s individual factors such as risk appetite and long-term goals. It generally uses mutual funds, ETFs and separate account managers.
Modern Portfolio Theory primarily drives the firm’s securities selection. This is the underlying belief that portfolios should be well diversified with different asset classes to capture strong returns and hedge against risk of market volatility.
Stonebridge Financial Planning Group, LLC
Stonebridge Financial Planning Group (SFP) is a fee-based financial services firm that specializes in investment management, tax preparation and divorce planning. With almost $146.8 million in assets under management, the company works mostly with individuals including high-net-worth ones as well as their related accounts such as retirement plans and trusts. It also serves businesses, government entities, charities and other advisors, as well as pensions and profit sharing plans.
Most of its individual client base is composed of non-high-net-worth persons. The firm sets different account minimum based on the type of portfolio program. You’d generally need at least a $150,000 investment for portfolio management services as fees are typically larger for smaller accounts.
SFP collects fees for the advisory services it provides to its clients. However, advisors may be affiliated with a registered broker-dealer and may earn commissions through certain transactions in these individual capacities.
When you start a relationship with the firm, you’d have access to five certified financial planners (CFPs) and two certified divorce financial analysts (CDFAs) and two enrolled agents (EAs).
Stonebridge Financial Planning Group Background
SFP formed in 2007 and is owned by Dianne M. Webb. In addition to portfolio management services, the firm offers a wide variety of stand-alone financial planning services. Your financial plan can address several areas such as tax preparation, divorce planning, retirement savings and overall estate management.
Stonebridge Financial Planning Group Investment Strategy
The firm seeks to construct and manage portfolios that adhere to your individual profile. So it takes personal factors like investment goals and appetite for risk into consideration. The firm generally provides investment advice on stocks, bonds, certificates of deposit (CDs), mutual funds and variable insurance products. But if deemed appropriate to your situation, the firm may also allocate assets among alternative investments such as real estate and commodities.
The firm uses readily available public market research when selecting securities.
RiverTree Advisors, LLC
RiverTree Advisors manages more than $139 million in assets. The firm works with individuals, high-net-worth individuals, trusts, estates, charitable organizations and business entities.
You don’t need a minimum investment to start a relationship with RiverTree. The firm is a fee-only financial advisory firm. It charges asset-based fees for investment management services or hourly or fixed fees for financial planning services. It doesn’t earn commissions or other payments from third-party companies or advisors.
RiverTree Advisors Background
RiverTree formed in 2013 and is owned by Theodore Rich, the firm’s principal. Rich has been in the financial services industry for more than two decades. The firm features a staff of three, including Rich, and utilizes the expertise of more than 30 external professionals to render a full suite of financial planning and investment management services.
These can include the following:
- Business planning
- Cash flow management
- Retirement planning
- Investment management
- Estate planning
- Charitable giving
- Charitable giving
RiverTree Advisors Investment Strategy
RiverTree seeks to create diversified portfolios by taking advantage of a globally diversified investment strategy. Its investment mix generally consists of mutual funds and exchange-traded funds (ETFs) that aim for domestic and international exposure. The firm relies on internal research in selecting these funds and other securities.
These mutual funds typically are built with balanced domestic equity, fixed-income, alternatives and international equity as well as cash and cash equivalents.
BARR Financial Services, LLC
Barr is a financial advisory firm with more than $127 million in assets under management (AUM) and less than 100 total clients, according to records it recently filed with the SEC. The firm works with individual including high-net worth ones, estates, trusts and corporations.
You don’t need a minimum investment to establish a relationship with the firm. In fact, most individual clients fall outside the scope of high net worth.
When you work with the firm, you generally will have access to professionals with many distinct financial certifications. President and Co-Founder Kirk Barr Young is a certified financial planner (CFP), chartered financial consultant (ChFC), registered financial consultant (RFC), chartered life underwriter (CLU), certified senior advisor (CSA), certified estate planner (CEP) and certified divorce financial analyst (CDFA). The firm also houses one chartered financial analyst (CFA). (Advisors may have multiple professional accreditations.)
Barr is a fee-based firm. This means that representatives may be registered or licensed to sell certain products and earn commissions from these transactions. However, such compensation is separate from the firm’s advisory fees and collected by these persons in their individual capacity.
Barr Financial Services Background
Kirk Barr Young founded the firm in 2000, lending his middle name to it. The practice can establish a long-term financial plan that covers several aspects of your financial life, including retirement savings, estate planning, investment management, senior living, divorce-related financial concerns and more.
Barr Financial Services Investment Strategy
Barr builds portfolios based on the client’s individual circumstances such as time horizon, investment goals and risk profile. It uses mutual funds, exchange-traded funds and individual securities.
The firm may also engage in the following strategies:
Long-term purchases - generally involve the acquisition of an investment instrument and holding it for a period of at least one year
Short-term purchases - generally involve the acquisition of an investment instrument and holding it for a period of not more than one year
Margin trading - generally involves purchasing securities with funds borrowed from the firm that holds your brokerage account
Matthias Private Wealth, LLC
Matthias Private Wealth is a fee-only firm with more than $107 million in assets under management and fewer than 100 individual clients, according to recent SEC data.
To open an account with this boutique firm, you’d need a minimum account size of $5 million. The firm primarily works with high-net-worth individuals and their trusts and estates. It also offers services to charitable organizations, corporations, limited liability companies, other business entities and pension and profit-sharing plans.
The firm’s team features one certified personal accountant (CPA).
Matthias Private Wealth Background
Richard R. Matthias formed the firm in 2017 and remains its sole owner. The practice provides portfolio management and a wide array of financial planning services such as estate planning, charitable giving, tax planning and bookkeeping.
Matthias Private Wealth Investment Strategy
The firm seeks to construct diversified portfolios, taking into account several factors such as client time horizon, risk appetite and long-term goals. Matthias Private Wealth typically invests client assets along common stock, private placement securities, bond funds and other fixed-income securities as well as mutual funds and exchange-traded funds.
Its securities selection process is mainly driven by fundamental analysis, which involves researching publicly available financial and market information. When evaluating equities, the firm may consider the following factors:
- Financial strength ratios
- Price-to-earnings ratios
- Dividend yields
- Growth rate-to-price earnings ratios