Discover the top 10 financial advisor companies in 2023 through expert reviews. Make informed choices for your financial future with our comprehensive guide. Unbiased reviews of the leading financial advisory firms offering wealth management, retirement planning, and investment services. Finding the right financial advisor is key to successfully managing your money and meeting financial goals. With so many firms to choose from, narrowing down the best financial advisor companies can be an overwhelming task. That's why we've done the research for you.
After careful evaluation of assets under management, account minimums, areas of focus, fee structures, professional certifications, and independent reviews, we've compiled this list of the top 10 best financial advisor companies in 2023.
Whether you have complex wealth management needs or simply want personalized guidance on retirement planning, investing, paying for college, taxes, and more, the top-rated financial advisory firms on our list have proven their expertise and value to clients over many years. Read on for our full analysis and rankings.
#1 Fisher Investments
Founded in 1979, Fisher Investments is among the largest independent fee-only RIA firms, managing over $197 billion for high net worth individuals globally. Fisher Investments creates fully customized portfolios aimed at preserving capital and outperforming benchmarks during down markets. One unique aspect is their fee structure - they only charge a flat % of assets under management, saving clients costly trading commissions or account fees. With an average account size of $1.7 million and no minimum, they specialize in active portfolio management tailored to investors’ risk tolerance.
#2 Creative Planning
One of the fastest growing wealth management firms in the US, Creative Planning manages $260 billion for over 100,000 individuals. They take a goals-based approach to financial planning that incorporates investments, taxes, estate planning, retirement planning, insurance, and more within an all-inclusive asset-based fee starting at 0.9%. Their robo-advisor program starts at just a $5,000 investment minimum while their traditional advisor-managed accounts start at $1 million.
#3 Oxford Financial Group
Named among the Best Financial Advisory Firms by Barron's for 10 straight years, Indiana-based Oxford Financial Group provides wealth management to over 2,600 high net worth families. They have a relationship-focused approach, taking the time to understand each client's unique financial life story, hopes, dreams & goals before making data-backed recommendations within their areas of expertise - investments & risk management, wealth enhancement & preservation. Account minimums start at $1 million.
#4 Creative Financial Group
Founded in 1982, Creative Financial Group leverages their years of experience to provide wealth management, financial planning, and corporate services to high-income and high-net-worth clientele nationwide. Their advisors hold respected certifications like the CFP, CFA, CAIA, AIF, and CPA/PFS and tailor proactive, ethical, independent investment advice and tax strategies to every individual they work. While they have no minimum asset requirements, they do have an annual $15,000 planning fee.
#5 Lumia Wealth Advisors
Known for their niche focus on wealth management for women and same-sex couples, California-based Lumia Wealth Advisors delivers highly personalized services to an exclusive group of about 60 clients with $500k or more to invest. Their advisors have 25+ years experience each and hold advanced designations like the CFP, CFA, CAIA, MBA, and ChFC. They take a goals-based approach centered around life's big milestones like retirement, business exit, estate planning, buying a second home. With an average account size of $2 million, they help grow and protect wealth through their own actively managed portfolios.
#6 Medley Capital Management
Founded by principals with decades of combined asset management experience, Atlanta-based Medley Capital Management takes a fresh approach to wealth management and financial planning for high net worth families and institutional clients like pension funds. With a relatively small number of accounts, they provide true personalized asset management and aim to maximize after-tax, inflation-adjusted returns with an emphasis on downside risk mitigation without sacrificing long term compound growth. They have a $5 million minimum which gives clients access to proprietary fund management, private equity offerings and real estate investments.
#7 Homrich Berg Wealth Management
Founded in 2000, Georgia-based Homrich Berg Wealth Management oversees $6 billion for high net worth individuals and institutional clients nationwide. Their advisors have 25+ years experience on average. They utilize an open architecture investment platform to create customized portfolios and financial plans tailored to each clients' unique objectives. Rather than focusing solely on investments, they take a holistic view of wealth management that incorporates areas like taxes, retirement planning, insurance, estate planning, education funding, charitable giving, business planning needs and more. Account minimums start at $1 million.
#8 RegentAtlantic Capital LLC
RegentAtlantic Capital is a registered investment advisory firm managing over $3 billion in assets. Founded in 1993 and consistently recommended by Barron's Top 1200 Financial Advisors, RegentAtlantic offers custom wealth management services to high net worth individuals, trusts, not-for-profits, pension funds and corporations. Headquartered in New Jersey with additional offices in Manhattan and Florida, their expertise spans investment management, estate planning, concentrated stock diversification, philanthropic giving, tax strategies and insurance guidance. With no minimum income or asset requirements, they have a reputation for guiding a very limited number of clients for decades while providing excellent advice and customer service.
#9 Sullivan Bruyette Speros & Blayney
With over $2 billion assets under management, Sullivan Bruyette Speros & Blayney specializes in investment management and financial planning tailored to high net worth individuals and families. Based in McLean, VA and founded in 1996, SBSB takes pride in developing long-term, trusted relationships with their clients. Rather than selling pre-packaged products, their advisors custom design every aspect of their financial strategies and proprietary portfolios around each client’s unique goals and objectives. Account minimums start at $2 million.
#10 Oxford Wealth Advisors LLC
Oxford Wealth Advisors is an independent wealth management firm founded in 2019 that specializes in investment and financial planning services for high net worth families and corporate executives. Based in Charlotte, NC and overseen by seasoned industry veterans, Oxford Wealth Advisors develops lifelong client relationships by delivering highly customized investment portfolios aimed at building, managing, and preserving wealth in a tax-efficient manner. With a $5 million minimum, they leverage institutional-quality resources and quantitative research not typically available to individuals.
There you have it - our top picks for the best financial advisor firms of 2023 based on reputation, experience, specializations, range of services offered, fee structures, account sizes and independent endorsements. Focus on firms that align with your unique financial situation.