Florida Financial Advisors: How to Find One?
Is it common to wonder if you need advisors, can Florida financial advisors help you to manage your assets and optimize your investment portfolio when you have more than $10 million in investable assets? The simple answer is yes! Here’s our ultimate guide to help you find the best financial advisor who can understand your financial situation and create the best financial plan for you.
STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning
The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.
Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.
Table of Contents
Top 10 Florida Financial Advisors
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services|
|1||WE Family Offices||$13,382,462,057||No set account minimum||Financial planning services
Selection of other advisors (including private fund managers)
|2||CV Advisors LLC||$9,406,618,249||$50,000,000||Financial planning
Selection of other advisors (including private fund managers)
Consolidated financial reporting
|3||Gladstone Wealth Partners||$4,006,257,615||Varies based on account type||Financial planning
Selection of other advisors
General consultation services
|4||Csenge Advisory Group, LLC||$2,351,921,549||$50,000||Financial planning
Selection of other advisors
Asset allocation services
|5||Camden Capital, LLC||$4,504,003,393||No set account minimum||Financial planning
|6||Finaccess Advisors, LLC||$4,446,176,244||No set account minimum||Financial planning
Wealth management services
|7||Certified Advisory Corp||$2,178,847,169||$500,000||Financial planning services
Penson consulting services
Selection of other advisors (including private fund managers)
|8||Talon Private Wealth, LLC||$774,283,111||$25,000||Financial planning
Selection of other advisors
|9||Spearhead Capital Advisors, LLC||$1,893,012,408||$5,000,000||Financial planning
Selection of other advisors
|10||Advus Financial Partners, LLC||$4,355,688,612||$25,000 to $1 million||Financial planning
Selection of other advisors
1. WE Family Offices
WE Family Offices is a founding member of the Institute of the Fiduciary standard, and as such, the firm is committed to putting its clients’ interests first.
WE Family Offices focuses on financial services to ultra-high net worth families and family offices. It is an independent fee-only fiduciary firm founded in 2000.
WE serves more than 80 families in the Americas and Europe. WE’s employees average over 20 years of experience and are credentialed, including Chartered Financial Analyst, Certified Financial Planner, and Registered Investment Advisor.
WE has offices in New York and Miami.
2. CV Advisors LLC
CV (ClearView) Advisors LLC is registered with the SEC as an Investment Advisor Firm, effective in 2012.
Elliot Dornbusch is the CEO and co-founder of the firm; he is in charge of the development of CV’s analytic software (VIEWS).
The company offers asset allocation and management, performance reporting, and portfolio monitoring to ultra-high net worth families, institutions, and charitable organizations.
3. Gladstone Wealth Partners
Gladstone Wealth Partners is located in Boca Raton, Florida.
Gladstone provides pension planning.
Gladstone supports LPL-affiliated advisors. The firm offers asset allocation services, including risk balancing. It provides access to alternative investments such as hedge funds, which use less traditional tools. Ongoing portfolio risk evaluations are performed, in addition to portfolio rebalancing.
Gladstone’s lifetime income planning will ensure that you won’t run out of money as a retiree.
Gladstone offers financial planning and retirement planning counseling to uncover your goals and create the right strategies to achieve them. Gladstone can help you streamline your finances, consolidate accounts, and automate your bills.
Gladstone will prepare you for Tax Day.
4. Csenge Advisory Group, LLC
Csenge Advisory Group (managed by founder John Csenge) has its headquarters in Clearwater, Florida, and has 45 advisors across nine states.
Csenge Advisory Group offers tailored wealth management, starting with a discovery period to define the client’s goals, followed by an analysis of possible strategies and an outline of costs. Then, the financial plan is implemented.
Csenge has 14 asset allocation models to meet the needs of any investor, from fixed-income to broad market exposure. The Group is compliant with the Global Investment Performance Standards, created by the non-profit CFA Institute (Institute of Chartered Financial Analysts).
5. Camden Capital, LLC
Camden Capital has offices in North Palm Beach, Manhattan Beach, and Santa Monica, Florida.
Camden provides wealth management solutions for athletes, attorneys, charities, executives, and families.
The Camden Opportunity Funds are structured to meet the demands of high-net-worth individuals for alternative investments. Camden Opportunity Funds are available to qualified clients at reduced investment minimums. The funds are invested in real estate, venture capital, private equity, and energy.
6. Finaccess Advisors, LLC
Finaccess Advisors, LLC has its offices in Miami, Florida. It is a fee-only advisor, founded in 2009, with Grupo Finaccess as the primary owner.
Among its primary strategic business units are Finaccess Capital, Finaccess Advisors, and Finaccess Social.
Finaccess Capital operates in 57 countries through operational investments and support for entrepreneurs in over 300 companies and 14 sectors.
Finaccess Advisors offers investment advice and financial planning to select clients.
Finaccess Social focuses on supporting companies that work to incorporate people with disabilities into the workforce.
7. Certified Advisory Corp
Certified Advisory Corp (financialgroup.com) was founded in 1976 in Central Florida, delivering financial advisory services, including investment and retirement planning. It has been hosting the On the Money radio show (and now podcast) every Saturday for almost 30 years. Its offices are in Altamonte Springs, Florida.
Certified’s 14 advisors are certified financial planners, adhering to the requirements of the CFP Board. So, they are fiduciary advisors.
Through Certified Benefits Corp, the firm builds and manages retirement plans for corporations, not-for-profits, and government entities. It is both an SEC-Registered Investment Advisor and a third-party administrator.
The company offers online learning, webinars, and workshops.
8. Talon Private Wealth, LLC
Talon Private Wealth has offices in The Villages, Florida, as well as other Florida, Colorado, and California locations. The company was founded by CEO Mike Lester in 1998. Securities are offered through World Equity Group, Inc.
Talon offers tailored financial planning services so its customers can make informed decisions about their finances. The firm gives back to the community through its radio show, which provides financial advice to listeners.
9. Spearhead Capital Advisors, LLC
Spearhead Capital Advisors, LLC is now Bostwick Walters Group, owned by Rockefeller Capital Management, which offers advisory and family office services in Wellington, Florida. Its clients are ultra-high net worth families, individuals, and corporations.
10. Advus Financial Partners, LLC Advus
Financial Partners, LLC is a fiduciary advisor located in Lake Mary, Florida. The company offers personalized, intentional financial planning to its customers, including wealth management and investment management.
Florida Financial Advisors is a Registered Investment Advisor, offering a broad range of financial advisory services to individuals, businesses, governments, and charitable organizations.
FFA advisors provide investment advisory and insurance services in the State of Florida. These services include asset management, financial planning, and pension consulting.
A reasonable fee for a financial advisor would be a percentage of the value of the assets that the advisor manages for the client, typically between 0.50% and 3%, depending on the services provided.
A financial advisor seeks to help clients achieve their financial goals by devising a financial plan and providing advice regarding investments and retirement planning.
Florida Financial Advisors has an A+ rating with the Better Business Bureau, with one closed complaint in 12 months. The firm has no disciplinary history to disclose.
According to investor.com, FFA has a staff of 128 advisors.
According to investor.com, Florida Financial Advisors has a total AUM of $61.9 million. The firm was founded in 2017 and has a staff of 128 advisors. It provides services to approximately 350 clients.
FFA’s headquarters are in Tampa, FL. It has offices throughout Florida, as well as in Philadelphia, Atlanta, and Charlotte. It was founded in 2017 by Jason Mickool, who is the company owner and president.
According to Zoominfo, Florida Financial Advisors’ competitors are FactSet Research, Bollin Wealth Management, Waterford Advisors, Genesis Wealth Advisors, and Chuck Rush.
FFA does accept these benefits, but it mitigates these conflicts of interest through strong oversight by the Chief Compliance Officer to ensure the benefits serve the best interests of the client.
Overview of Florida Financial Advisors
In 2017, after Jason Mickool moved to Tampa, FL, he started Florida Financial Advisors (FFA), realizing he had an opportunity to meet the specific financial needs of Floridians.
FFA is an independent financial advisory firm with a network of advisors in Florida, Pennsylvania, North Carolina, and Georgia. It works with and owns Trinity Wealth Securities, a brokerage firm in Tampa.
FFA developed FFA Solutions, a model that integrates the financial, personal, and professional areas of financial planning. It offers an extensive array of services in these three areas. Its services include divorce planning and managing sudden wealth.
FFA offers a free initial consultation with an advisor to determine if FFA Solutions can meet your needs. The website provides plenty of free educational content, including videos and an extensive glossary of financial terms.
There is no account minimum. FFA offers retirement and IRA accounts; trust, estate, and charitable accounts; and education and custodial accounts.
According to FFA’s website, the company stands on a “Foundation of Trust, Truth, and Transparency.” Although FFA advisors are fiduciaries, FFA is affiliated with a brokerage, so there is still a potential for conflicts of interest. Investors should expect FFA to provide full disclosure of any conflict, as well as transparency in fee structure.
What types of clients does FFA serve?
FFA serves clients of all types, with financial planning, wealth management services, tax and insurance strategies, and business owner strategies. It provides services to individuals, trusts, estates, businesses, local and state governments, and charitable organizations.
The firm holds $61.9 million in assets under management.
How FFA invests your money
Florida Financial Advisors’ approach to investing adheres to modern portfolio theory, looking at the market holistically and diversifying investments to minimize risk.
The firm recommends one of six portfolio models, ranging from passive to active—these strategies include long-term purchases, short-term purchases, trading (securities sold within 30 days), short sales, margin transactions, and option writing.
To identify investment opportunities, FFA utilizes technical market analysis that looks at a company’s overall financial health, market trends, and the state of the economy (nationally and globally). The firm offers mutual funds, ETFs, stocks, bonds, and options. It may recommend alternative investments.
Fees FFA charges for its services
At FFA, investment management services are offered on a fee basis, which means that clients pay a single annual fee based on their assets under management. The maximum management fee is based on the following schedule:
|Portfolio Value||Fee up to|
Under certain conditions, this fee may be lower. FFA may charge fees for some of their other services.
FFA disciplinary disclosures
FFA has no disciplinary disclosures.
Getting Started with FFA
You can get started by signing up on the website for a free consultation.
An advisor will analyze your financial situation to establish a financial plan based on your needs. Your account will be reviewed at least annually by Jason Mickool, and you can request more frequent reviews or set triggering events that would cause reviews to take place.
Where FFA is located
FFA has offices in Tampa, Orlando, Jacksonville, and Miami, FL; Philadelphia, PA; Atlanta, GA; and Charlotte, NC.
4 Traits of The Most Successful Florida Financial Advisors
Florida is a great state in which to build your wealth. Many Floridians need to work with an experienced and professional financial advisor who has a soul focus to be able to grow their wealth. This might make you ponder, “Who are the most successful Florida financial advisors?” You may have heard the name Jason Mickool, the President of Florida Financial Advisors that is located at 2330 W Horatio Street, Tampa, with his success stories.
Well, here are four traits that all successful Florida financial advisors share.
1.They Are Dedicated to Helping Their Clients
The most successful Florida financial advisors are fully dedicated to helping their clients accomplish their long and short-term financial targets. They will always take steps that will help you rather than prioritize their own interests.
At Pillar Wealth Management, the success key is that we provide our clientele with meticulously curated plans tailored according to their unique financial circumstances, needs, and challenges. Our top-rated financial advisors have the ability to provide services to high net worth and ultra-high net worth individuals who own $5 to $500 million worth of liquid assets. If you reside in Florida, Miami, Orlando, or anywhere, and need a financial advisor’s services to manage your wealth and investment portfolio, you should schedule a free meeting with our team.
2.They Are Well-Versed in Tax Saving Techniques
The most successful Florida financial advisors are fully aware of the fact that taxes can be a big obstacle in the process of building your wealth. Thus, they will closely monitor your tax situation and encourage you to hold on to your investments for a long period so you can make long-term profits. This will help you save significantly on your taxes. Moreover, successful Florida financial advisors will also guide you about the various tax-free bonds available.
3.They Expertly Allocate Your Assets
As a wealthy individual, you will need advice to smartly allocate your assets and diversify your investment portfolio. Skilled and knowledgeable Florida financial advisors will allocate your wealth over various stocks, bonds, collectibles, and cash. This diversity will help to keep your financial risk under control.
The most successful Florida financial advisors know the importance of portfolio diversification and can help you maintain a low-risk, steady-return investment portfolio. For more details on asset allocation for wealthy individuals, read The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million to $500 Million.
4.They Are Excellent at Evaluating Their Clients’ Financial Situation
Since successful Florida financial advisors generally have years of experience, they know that every client has a unique financial situation. The problems, goals, and requirements of two clients can never be the same. Hence, they don’t use a standardized, cookie-cutter approach for all clients who come their way. Successful Florida financial advisors will take the time to assess your financial situation and discuss your goals and needs. Based on the information you provide, your financial advisor will be able to come with customized solutions and advice.
Are High Net Worth Florida Financial Advisors Worth It?
If you’re still asking, “Are high net worth Florida financial advisors worth it?” then check out these additional benefits of working with a financial advisor.
1.Expert Knowledge and Data Accessibility
Financial advisors have vast experience when it comes to managing the wealth, investment portfolio, and overall finances of people. These experts have thorough knowledge and insights about the various financial products and investment options. They monitor the ever-changing market movements to swiftly make the most of any lucrative opportunity.
Moreover, if you’re a millionaire, you may not have the time needed to analyze historical economic data, which is essential for curating financial plans. If you invest a lot of time and effort, you may be able to get 5 to 10 years’ worth of data, but that’s really not sufficient. Nevertheless, Florida financial advisors who have been working for decades have plenty of data that they use to create financial strategies for their clients. At Pillar Wealth Management, we have financial data that goes back almost 100 years that we use to provide impartial and objective advice to our clients.
2.Personalized Financial Strategies
If you search the internet to get financial advice, you might learn some general things that may or may not be useful for your financial circumstances. Even if you have the same amount of wealth as another affluent individual, your financial requirements will certainly be different, requiring an absolutely different plan.
If you hire a financial advisor, you won’t just get plain, run of the mill financial recommendations. Rather, these advisors will schedule detailed meetings and consultations with you to know about your goals and formulate a plan around that. At Pillar Wealth Management, we take pride in offering tailored and personalized financial advice to our clients. Fun fact – we only took 17 new clients this year to ensure that we create personalized financial strategies for each one. To start working on your own personalized financial plan, get in touch with our team today!
Another great benefit of hiring a financial advisor is the fiduciary services they provide. Fiduciary services mean that the financial advisor will make sure that all the decisions and steps taken are in your best interests and help you attain your financial goals. Moreover, fiduciary financial advisors also have a legal obligation to eliminate any possible conflict of interest.
At Pillar Wealth Management, our financial advisors offer fiduciary services to our customer base. With our financial advisors onboard, you can be assured that your wealth is in safe hands!
What Are Florida Financial Advisors Services
Now that you know all the benefits of hiring a financial advisor in Florida, you might be thinking, what are Florida financial advisor services? Some of the most common services financial advisors provide include:
– Investment Management
– Retirement Planning
– Insurance Planning
Investment management is one of the most common financial advisory services offered by financial advisors. Here a financial advisor will manage your investment portfolio and other financial products such as real estate, collectibles, etc. Many people think that investment management solely encompasses buying and selling investments. However, it’s much more than that! For instance, investment management includes tax management, budgeting, banking, and creating a comprehensive investment strategy.
At Pillar Wealth Management, our financial advisors are highly knowledgeable about the numerous financial markets. We can properly advise you on when and how much money you should invest in them. Additionally, we will carefully go through your investment portfolio to create plans to help you receive the maximum investment returns. You can even read our guide, Improving Portfolio Performance, and know more about how you can get the investment performance you need to live the life you always dreamed of.
A peaceful, relaxing, and comfortable retirement is possible for everyone. However, to attain it, you need to start thinking about it from now. Even if you know the importance of retirement income planning, you might not know what to do to carry it out properly.
Retirement income planning is undoubtedly the most essential service you can avail from a financial advisor, especially if you have crossed 50. At Pillar Wealth Management, we have adequate experience in curating retirement plans for wealthy individuals who have liquid assets worth at least $5 million. You can also read our guide here and learn the five critical shifts you need to make to live an amazing post-retirement life.
If you don’t have an investment plan, you won’t be able to invest your wealth in the optimum places. Or if you don’t have a well-thought-out retirement plan, you won’t be able to spend a comfortable retirement. However, if you do have an investment or retirement plan but don’t have an insurance plan, your investment and retirement planning can go in vain.
A holistic financial plan will allow you to identify and mitigate all the risks present in your financial life. So, where investment management will increase your wealth, insurance planning will help to safeguard and protect it.
At Pillar Wealth Management, we know the complexities of the insurance industry and how manipulative the reps from these companies can be. Nevertheless, with our comprehensive analysis, you can be confident that you aren’t spending your wealth on non-viable insurance policies. Plus, our team will even assess your current insurance plan to identify any loopholes that can lead to trouble for you and your loved ones. Last but not least, we will frequently re-assess your insurance plans to know that they are aligned with your continuously evolving life.
How Do I Find Florida Financial Advisors?
If you’re convinced to hire a financial advisor, the biggest question on your mind will be, “How do I find Florida financial advisors?” Today, numerous Florida financial advisors are offering their services, claiming to be the best. So, it’s really hard to decide which one you should pick, and which one is just making false promises. The steps outlined below will help you identify and find the best financial advisor to fulfill your financial goals. For more detailed information on how to find the best financial advisor, read this guide here.
Step #1 – Get Recommendations from Trusted Friends and Family Members
The best way to start searching for a financial advisor is to ask your high net worth and ultra-high net worth friends and family members that are based in Florida for recommendations. There are high chances that some of these people have already worked with a financial advisor and can let you know which ones provide the best services.
Pillar Wealth Management firm can help you to achieve your financial goals with the best results and returns.
Step #2 – Conduct Research
Before selecting a financial advisor, you need to carry out a thorough background check. There are several directories, such as the National Association of Personal Financial Advisors (NAPFA), or Financial Industry Regulatory Authority (FINRA) that you can look up. Other than that, you can read reviews of your shortlisted Florida financial advisors on online platforms such as the Better Business Bureau.
You can even lookup Florida financial advisors on LinkedIn to learn more about their educational qualifications, professional experiences, etc. Any books or guides that they have authored will also add to their trustworthiness and credibility.
Step #3 – Prepare for A Meeting
Before hiring a financial advisor, you don’t just have to research them and assess your own financial situation. Here are a few things you should prepare before you schedule a meeting with a financial advisor.
– Your financial circumstances, such as your assets, liabilities, and debt.
– Your current and expected cash inflows and outflows.
– Your financial targets and goals
– Financial documents such as 401(k) statements, 529 savings plan, property documents, information about your investment portfolio, tax records, life insurance, and wills.
Step #4 – Schedule A Meeting
After you’ve finished steps 1 to 3, you should directly speak to the financial advisor you have selected. This will help you learn more about them and allow you to determine if you want to work with them in the future.
You should use this meeting as an opportunity to put forward your queries related to Florida financial advisors. Some possible questions that should be on your list include the following:
– What kind of financial advisory services do you provide?
– Do you have experience in working with high net worth or ultra-high net worth clients?
– What is your fee structure? Or do you have a commission-based model?
– What financial advisory approach do you use?
Wrapping It Up
Now that you know everything about Florida financial advisors get ready to work with professional, amazing people skills, and start handling your wealth optimally. You can search on Facebook or Google search to get the information. Based on our experience of over three decades, we believe that we are the best you can choose. With our guidance and advice, you can grow and preserve your wealth while lowering your risks and taxes. Visit our website, click on the menu, and register your email or phone number to get the latest news from us or Click here to book a free consultation with us!
To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.
We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.
You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.
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