RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN MIAMI
Working with the right investment manager, wealth advisor, or financial planner in Miami and the greater area can mean the difference between a financial future you can feel confident about and a future filled with anxiety.
Partnering with a wealth management firm in Miami can also help you lock down the funds you need to comfortably retire at the age you wish, instead of continuing to work out of necessity.
So, why does finding the right financial planner in Miami make that much of a difference? It matters because they have the knowledge, experience, and expertise to help individuals optimize their savings over the long run.
However, the real challenge lies in identifying and selecting a wealth management firm in Miami that is a perfect fit.
With so many factors to consider—and an equally large number of questions to ask—the search for Miami financial planners and Miami wealth management firms can become quite complex.
That’s why we’ve created this useful resource of top wealth managers and financial planners in Miami and Coral Gables to help you identify the best firm for your unique financial needs and goals.
|Best Financial Advisors in Miami & Coral Gables||Highlighted Features||Ratings|
|BigSur Partners||Comprehensive financial planning services||5|
|Cathy Pareto & Associates, Inc.||Specialized services for women & life changes||5|
|Evensky & Katz/Foldes Financial||Investment management based on financial planning||5|
|GenTrust, LLC||Services for sports & entertainment professionals||5|
|Investor Solutions, Inc.||Highly accredited & experienced team||5|
|MAXIMAI Investment Partners||Multicultural & multigenerational perspective||5|
|Pinnacle Advisory Group, Inc.||Onpoint by Pinnacle retirement planning||5|
|Singer Xenos||Specialized advice for women & physicians||5|
|WE Family Offices, LLC||Boutique focus on ultra-high-net-worth families||5|
|Dimension Capital Management||5-step investment process||3|
|Firestone Capital Management||Client-centric approach||3|
Table: Top 11 Best Wealth Management Firms in Miami & Coral Gables | Above list is sorted by rating
Fee-Based vs Fee-Only Financial Planners in Miami & Coral Gables
When it comes to evaluating local financial advisors in Miami or Coral Gables, there are typically two types of firms to consider: fee-only and fee-based advisors.
How do you know which type of Miami financial advisor is right for you?
Below, we’ll provide you with a brief overview of everything you need to know about the differences between fee-only and fee-based financial advisors.
Fee-Only Pricing Structure
When an investment firm or a financial advisor says that they are “fee-only,” this means that they do not accept commissions or third-party referral payments.
Because an advisor’s only source of income comes from the client, a fee-only pricing structure minimizes the inherent conflicts of interest that come along with recommending and selling investment products.
In short, a fee-only financial planner in Miami or Coral Gables is in a better position to act solely in the interest of their clients.
Fee-Based Pricing Structure
Fee-based firms will receive some direct compensation from clients but are free to accept commissions from the companies who provide their financial products.
While a fee-based structure does create some potential conflict, many fee-based investment firms are also fiduciaries, which often counteracts the potential for conflict.
As a fiduciary, a Coral Gables or Miami financial planner is legally responsible to fully disclose any conflicts of interest and are required to put the interests of their clients ahead of their own.
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Best Wealth Management Firms in Miami & Coral Gables
BigSur Partners Review
As a top-rated wealth management firm in Miami, BigSur caters exclusively to the needs of high-net-worth and ultra-high-net worth individuals and families.
Key Factors That Enabled BigSur Partners to Rank as a Top Wealth Management Firm in Miami
BigSur Partners separates their services into four tiers:
- Investment Advisory—Based on a philosophy in finding intrinsic value across global markets and asset classes, clients receive a holistic, total balance sheet of all their assets.
- Private Investment Platform—Access to exclusive investments within real estate, private equity, private debt, and venture capital asset classes.
- Institutional Custody & Execution—Features effective portfolio management and substantially lower fees from superior investment ideas and oversight of fewer securities
- Other Services—The Miami financial advisors at BigSur can coordinate with a range of other financial professionals, assist with the management and reporting of collectibles, as well as handle personal requests.
The hallmark of BigSur’s business model is differentiation through:
- Independence in operations
- Customization of advice and services
- Transparency in client dealings
- Access to a unique and cost-effective set of products and services
- Flawless execution, monitoring, and communication
Due to the selective nature of its services, this Miami wealth management firm deliberately restricts the type and nature of clients that it serves.
As a sought-after financial advisor in Miami for a niche clientele, the firm’s strategic and selective process has allowed its advisors to deliver client-centric service, resulting in a more focused, individualized client experience.
As a top wealth management firm in Miami, BigSur Partners provides ultra-and high-net-worth clients with a unique set of services, focused advisement, and deep, long-term relationships.
The firm is also a sought-after source of industry knowledge, featured in leading publications like The Wall Street Journal and The New York Times, solidifying BigSur’s expertise as a top Miami wealth management firm to consider partnering with this year.
Cathy Pareto & Associates Inc. Review
The firm supports clients from across a broad segment of society, including retirees and soon-to-be retirees, women, small business owners, dentists, and physicians.
Key Factors That Enabled Cathy Pareto & Associates to Rank as a Top Miami Financial Advisor
Focused Financial Planning
With financial planning services, this wealth management firm in Miami can help you turn your dreams into goals by coming up with a step-by-step process of how to structure your spending, savings, and investing.
The Miami financial advisors at Cathy Pareto will take you through a meticulous process that helps you answer questions related to saving for retirement, retiring early, your risk tolerance, your current investments, and more.
The team of advisors at this Miami wealth management firm can also help you figure out how to manage conflicting goals, like saving for your child’s education vs. your dreams to retire early.
Financial Planning for Women
Part of what makes Cathy Pareto & Associates such a dynamic Miami financial planner is the firm’s commitment to providing financial services catered specifically to women.
Some of the unique financial challenges that women face include:
- Longer life spans
- Shorter and interrupted careers
- Earnings disparity
- Financial literacy
- Retirement systems that penalize women for temporary leaves of absence from the workforce
- High divorce rates and high probability of widowhood
As a top financial advisor in Miami, Cathy Pareto & Associates works with a wide range of women to create actionable financial plans, improving financial health over the long-term.
For clients in Miami and Coral Gables who are looking for a personalized, comprehensive, and in-depth financial plan to bring them through multiple life stages, Cathy Pareto & Associates is a great fit.
Additionally, their focus on providing financial services for women demonstrates the firm’s ability to adapt comprehensive financial strategies to fit unique client needs, solidifying Cathy Pareto & Associates as one of the top Coral Gables and Miami wealth management firms.
Dimension Capital Management Review
Established in 1980 as a family office and registered as an RIA since 1997, Dimension Capital Management is a privately-owned boutique wealth management firm in Miami.
As fee-only financial advisor in Miami, Dimension Capital Management caters to the unique needs of high-net-worth institutional investors, families, and individuals across the US and abroad.
Key Factors That Enabled Dimension Capital Management to Rank as a Top Miami Wealth Management Firm
Fee-Only Investment Advisor
As a fee-only wealth manager in Miami, the firm only receives compensation from the clients it advises, meaning that clients are not charged brokerage fees or commissions.
With this pricing structure, clients can trust that they will receive advice that is truly unbiased and personalized, as the firm’s interests are always aligned with those of their clients.
5-Step Investment Process
As a dynamic wealth manager and financial advisor in Miami, Dimension Capital Management has the experience to offer highly objective and customized solutions to its clients.
This top Miami wealth management firm utilizes a clear, 5-step investment process to create and manage portfolios according to each client’s unique risk and return objectives. This includes:
- Understanding Client Needs
- Macroeconomic Factor Analysis
- Asset Allocation and Identification of Investable Themes
- Manager Selection
- Portfolio Construction and Monitoring
As a top Miami wealth management firm, Dimension Capital Management provides clients with the benefits of a globally diverse investment perspective and a transparent pricing structure, ultimately setting clients up for long-term success.
However, when it comes to providing detailed information about their services, Dimension Capital Management falls somewhat short in comparison to competing Miami wealth management firms.
By elaborating on key components like comprehensive advisory capabilities and how investable themes are identified, Dimension Capital Management could easily improve both their value proposition to new clients and the rating as a top wealth management firm in Miami.
Evensky & Katz/Foldes Financial Review
As a highly innovative and dynamic wealth manager and financial advisor in Miami, the Evensky & Katz/Foldes team continually evolves to deliver increasingly sophisticated investment and financial planning advice, products, and services to its clients.
Key Factors that Enabled this Firm to be Ranked as a Top Miami Financial Advisor
Financial Planning-Based Investment Management
This Miami wealth management firm aims to help clients grow their money, building a foundation to achieve their financial goals.
No matter what your goals may be, investing is easier when you have a clear idea of what you are working towards. As a result, these advisors provide financial planning-based investment management, also known as wealth management services.
These financial advisors in Miami begin with an in-depth conversation, developing an investment policy statement to reflect each individual investor’s needs. This statement serves as the document of reference when it comes to figuring out what you are working towards, acting as a financial roadmap.
During the process, these Miami financial advisors also take important variables into consideration, like various investment options, taxation, costs, risks, and more.
Qualified Retirement Plans
Along with individual investment advice, this wealth management firm in Miami provides financial advisory services for institutional retirement plans, specializing in 401(k) plans, SEP plans, and profit sharing trusts.
Their institutional approach is similar to an individual approach in the sense that they help firms identify specific investments and present different investment models for qualified retirement plan participants to select.
Additionally, the firm also provides written acknowledgement of their role as an ERISA fiduciary, instilling trust between advisors and their institutional clients.
With a dedicated focus to providing expert wealth management services and institutional financial planning, Evensky & Katz/Foldes Financial is a competitive choice among Florida wealth management firms.
Their team is also extremely qualified, with many advisors boasting multiple industry certifications, like CFP®, CFA, AIF®, and more.
With a detailed brochure to describe the full range of services and a fee-only pricing structure, Evensky & Katz/Foldes Financial is one of the best financial advisors in Miami to consider partnering with this year.
Firestone Capital Management Review
The Miami financial advisors at Firestone Capital Management specialize in providing investment advisory, personal financial planning, and wealth management services to a wide range of clients, including individuals, families, and corporations.
Key Factors That Enabled Firestone Capital Management to Rank as One of the Best Financial Advisors in Miami, FL
Experienced, Well-Credentialed Team
While the team of Miami financial advisors at Firestone Capital Management may be smaller than that of larger firms, the team brings a solid base of experience and industry knowledge to each financial planning endeavor.
To that end, every Miami financial advisor at Firestone Capital Management carries at least one industry-leading certification, including:
- CFP®—Certified Financial Planner
- CFA®—Chartered Financial Analyst
- RP®—Registered Paraplanner
These designations come with strict requirements for fiduciary duties and ongoing education, demonstrating Firestone Capital Management’s commitment to excellence within the financial industry.
For Firestone Capital Management, the client experience is first and foremost. This means engaging a collaborative, team-based approach to each financial plan and building positive, long-term relationships with each and every client.
Rather than provide clients with one single point of contact, Firestone strives to include the experience, qualifications, and creative vision of every team member.
With this approach, clients can contact anyone at the firm at any time and expect to have unlimited, informed access about their personal financial goals and progress.
With a highly experienced team and a client-centric approach as a foundation Firestone Capital Management is poised to offer strong value to those looking for expert wealth management.
However, compared to competing Miami financial advisors, the firm does have room for improvement on how their services are communicated to clients. Without a full description of how each financial service is carried out, potential clients may find it challenging to evaluate Firestone Capital Management’s capabilities.
By providing additional details on what clients can expect throughout each service, Firestone Capital Management could easily improve both their value proposition to new clients and their rating as one of the best financial advisors in Miami, FL.
GenTrust, LLC Review
As a top-ranked investment management and wealth advisory firm, the firm advises individuals, institutions, and even other Registered Investment Advisors, managing approximately $1.5 billion for their clients.
We have chosen GenTrust as a top Miami wealth management firm for their independence, expert team, and wide range of financial services.
Key Factors That Enabled GenTrust, LLC to Rank as a Top Wealth Management Firm in Miami
Registered Investment Advisory
As an independent Registered Investment Adviser (RIA), GenTrust is held accountable to a much higher fiduciary standard than non-RIAs.
The fiduciary standard means that all advice and recommendations made by GenTrust’s Miami financial advisors must be in a client’s best interest, with no conflicts of interest among the advisors, the advisory firm, and the clients they serve.
This is a crucial component for any Miami financial advisor, but particularly for those that use a fee-based model, as the fiduciary standard effectively eliminates the inherent conflicts of interest that are often associated with fee-based firms.
Services for Sports & Entertainment Professionals
GenTrust provides specialty and financial planning services that are catered to fit the unique—and often complicated—needs of clients within the sports and entertainment industries.
These industries often involve short-term accumulation of large amounts of wealth, and the Miami financial advisors at GenTrust can effectively preserve that wealth through expert asset allocation, risk management, and financial planning. Some highlights of these services include:
- Long-term financial planning for retirement and future generations
- Family Office and Concierge Services
- Individual attention and discretion
- Decades of proven experience
- Holistic management of personal financial affairs
As a top financial advisor in Miami, FL, GenTrust provides clients with a vast range of experience and depth of knowledge to draw from, making their portfolio management services an attractive option.
Investor Solutions, Inc. Review
With over 20 years in the business, Investor Solutions, Inc. is an independent, fee-only financial advisor in Miami that provides a range of investment advisory services to a broad range of clients, including individuals, families, and trusts.
As a Registered Investment Advisor, Investor Solutions, Inc. strictly adheres to its core principles of professionalism, integrity, and service to deliver on its mission of helping clients reach their investment objectives.
Key Factors That Enabled Investor Solutions, Inc. to Rank as a Top Financial Advisor in Miami, FL
Highly Qualified & Experienced Team
The company is staffed by a team of Miami financial advisors and support staff with a wide range of industry-recognized credentials. These include:
- CFP®—Certified Financial Planner
- AIFA®—Accredited Investment Fiduciary Analyst
- CLU—Chartered Life Underwriter
- CFA®—Chartered Financial Analyst
- CIMA®—Certified Investment Management Analyst
- CPWA®—Certified Private Wealth Advisor
- CRPS®—Chartered Retirement Plan Specialist
- CPPT®—Certified Public Pension Trustee
- CPA—Certified Public Accountant
Many of these credentials come with strict requirements for following the fiduciary standard and ongoing education, demonstrating the firm’s commitment to excellence.
Additionally, the team brings decades of frontline experience to the table at each client interaction, ensuring that these financial planners in Miami can expertly handle a variety of financial challenges.
Focus on Investments
As a top Miami wealth management firm, Investor Solutions provides clients with an in-depth, comprehensive approach to portfolio design.
After carefully selecting assets based on risk tolerance, goals, and time horizon, all portfolios created by Investor Solutions include:
- Periodic rebalancing
- Tax loss harvesting
- Dividend and capital gain avoidance
- Asset location strategies
- Continuous review
- Regular reporting and reviews
- A team of two professional advisors
Compared to competing financial advisors in Miami, FL, Investor Solutions boasts one of the largest—and most accredited—teams, instilling trust that the firm is prepared to expertly tackle a wide variety of financial challenges.
With an experienced team and an in-depth focus on investment management, Investor Solutions is one of the best Miami wealth management firms to consider partnering with this year.
MAXIMAI Investment Partners Review
With a unique focus on providing both domestic and international financial expertise, MAXIMAI Investment Partners is an independent, boutique investment advisory firm located in Miami, Florida.
MAXIMAI is an independent, fee-only financial advisor in Miami that provides all services from a “Family First” foundation, specializing in high- and ultra-high-net-worth clients and their extended families.
Key Factors That Enabled MAXIMAI Investment Partners to Rank as One of the Best Financial Advisors in Miami, FL
Independent, Fee-Only Structure
As a wealth manager in Miami, the firm only receives compensation from the clients it advises, meaning that clients are not charged brokerage fees or commissions.
With a fee-only structure, clients can trust that they will receive advice that is truly unbiased and personalized, as the firm’s interests are always aligned with those of their clients.
Additionally, as a Registered Investment Adviser, MAXIMAI is held to the fiduciary standard of care, creating an ethical and legal obligation to always act in the best interests of their clients.
With the combination of a fee-only structure and a fiduciary commitment, MAXIMAI embodies the ideal relationship with a Miami financial advisor, as client-advisor relationships are held to the highest standards of transparency and trust.
Strong Value Proposition
As one of the best financial advisors in Miami, MAXIMAI provides clients with a wide range of benefits, including:
- Boutique approach with concierge services
- Multicultural and multigenerational team
- Proactive communication and consistent interaction
- Extensive professional network
- Tailored platform
- Educational mentoring for clients and their families
- Independent, open-architecture platform provides unrestricted access to investment managers and funds
Additionally, as a truly multicultural firm, clients with global interests and investments can trust that MAXIMAI will provide a unique focus on evolving markets and regulations on a grander scale, including domestic and international estate and trust planning.
MAXIMAI Investment Partners
While MAXIMAI Investment Partners have only been in business since 2016, the team of Miami financial advisors and wealth managers behind the firm bring decades of experience, a uniquely global perspective, and a client-centric value proposition—all elements of the best financial advisors in Miami.
However, compared to competing firms, MAXIMAI does have room for improvement on how their services are communicated to clients. Without a full description of their investment services, potential clients may find it challenging to evaluate MAXIMAI’s capabilities.
By providing additional details on exactly what services clients can expect, MAXIMAI Investment Partners could easily improve both their value proposition to new clients and their rating as one of the best financial advisors in Miami, FL.
Pinnacle Advisory Group, Inc. Review
Founded in 1993, Pinnacle Advisory Group, Inc. is a fee-based, privately owned Miami wealth management firm with additional offices in Naples, FL and Columbia, MD.
Although we prefer to rank fee-only firms, we have chosen Pinnacle as one of the best financial advisors in Miami for their refusal to sell insurance, mutual funds, or other commission-based products, ensuring the clients benefit from truly unbiased and independent advisement.
Key Factors That Enabled Pinnacle Advisory Group, Inc. to Rank as One of the Best Financial Advisors in Miami, FL
Comprehensive Approach to Financial Planning
To be truly effective, financial planning should encompass a wide range of services and goals, both short-term and long-term.
As a top Miami financial advisor, Pinnacle provides clients with access to multiple financial planning topics and strategies, including (but not limited to):
- Retirement planning
- Tax planning
- Education planning
- Charitable giving
- Small business planning and exit strategies
- Estate planning
- Insurance planning
Onpoint by Pinnacle
Preparing to have sufficient income that will last throughout retirement is a key facet of any successful retirement planning endeavor. The Miami financial advisors at Pinnacle take this aspect one step further through Onpoint by Pinnacle, an initiative which focuses on distribution planning.
Onpoint by Pinnacle focuses on creating a plan to turn assets into spendable cash-flow to replace a steady paycheck and fund living expenses, ensuring that:
- You won’t outlive your assets during retirement
- You won’t spend too little and miss out on the benefits of saving
- Your investable assets will be optimized to create steady cash flow
As one of the best financial advisors in Miami, Pinnacle Advisory Group offers clients with the benefits of transparent pricing, a wide range of services, and strong industry expertise.
The firm also works with a wide range of clients, including individuals, families, executives, business owners, and entrepreneurs, making Pinnacle a great Miami financial advisor for many consumers to consider partnering with this year.
Singer Xenos Review
Located minutes outside of Miami in Coral Gables, Singer Xenos is a fee-only Florida financial advisory firm that uses its extensive resources, highly experience professionals, and a data driven, research-based approach to provide the best advice for its clients.
As a highly regarded Miami wealth management firm, Singer Xenos is consistently recognized as a Top Financial Advisor by Financial Times and was recognized as a Top 25 Women-Owned RIAs by WealthManagement.com.
Key Factors That Enabled Singer Xenos to Rank as a Top Financial Advisor in Miami, FL
Unbiased, Unified Approach
Singer Xenos practices a deep commitment to providing careful and expert services for their clients, providing a valuable long-term foundation for financial planning and wealth management.
This commitment can be seen in their fee-only pricing structure. As a fee-only Miami financial advisor, clients of Singer Xenos have the advantage of knowing that all advice is given without bias, hidden costs, or incentives for personal gain.
Additionally, all advisors are Certified Financial Planners, allowing their expertise to expand into multiple industry sectors like tax planning, estate planning, business succession, charitable giving, and more.
Women’s Financial Services Division
This Miami wealth management firm addresses the financial needs of women, helping their clients plan for unique circumstances and scenarios, like early widowhood and longer lifespan.
The Miami financial advisors at Singer Xenos can provide guidance before, during, or after a major life change. Working with a professional can give you a firm financial foundation when your emotional life is in turmoil.
Singer Xenos also offers a learning and networking opportunity called SX Women’s Group. It’s a personalized client experience that makes Singer Xenos stand out from other financial advisors in Miami, FL.
With a focus on both multi-generational trends, SingerXenos is one of the most innovative Coral Gables and Miami financial advisors on our list.
Not only does Singer Xenos offer specialized financial services for women, but they also specialize in Next Gen Wealth, serving the Millennial generation with expert guidance as baby boomers age out of the workplace.
The firm’s commitment to providing fee-only services, coupled with a strong client-centric approach makes Singer Xenos one of the best financial advisors in Miami and Coral Gables, earning the firm a 5-star rating overall.
WE Family Offices LLC Review
WE Family Offices LLC was founded in 2000 as TBK Investments. They are a fee-only, independent Miami wealth management firm in that offers a broad array of family office services to ultra-high-net-worth (UHNW) families.
At the heart of serving their clients is the belief that no two families are alike. Therefore, client families are served through a personalized blend of services to help them build their unique wealth enterprise.
Key Factors That Enabled WE Family Offices LLC to Rank as a Top Financial Advisor in Miami, FL
Building a Wealth Enterprise
For many UHNW families, one of the greatest fears is the result of a mis-managed—and dwindling—fortune over time. To sustain wealth over multiple generations, WE Family Offices seeks to help clients create their own wealth enterprise.
In essence, this means approaching the management of family wealth as a business, beginning with financial statements, a mission statement, and clear financial roles and responsibilities within the family.
To support UHNW families in becoming a successful wealth enterprise, WE Family Offices provides three core areas of service, detailed below.
Three Areas of Focus
Families that fit into the ultra-high-net-worth category are apt to have unique—and, in many cases, complicated—financial needs when it comes to holistic wealth management.
As such, WE Family Offices separates their financial expertise into three primary areas of focus:
- Wealth Ownership & Purpose—Addresses overall strategy, mission, purpose, values, how to make decisions, plans for succession, and more
- Wealth Resources & Structures—Examines existing network of providers, estate planning structures, investment objectives, and more
- Wealth Management—Analyzes performance, overall net worth, asset allocation, wealth management cost, risk management tools, and more
No matter what service an UHNW family may need, WE Family Offices maintains a personal, in-depth, and customized approach to Miami wealth management.
While WE Family Offices may have a boutique focus, their depth of experience and range of services are anything but small.
With over 40 team members with industry-leading accreditations and decades of experience in taxes, investing, multi-jurisdictional planning and wealth structuring, family governance and education, these Miami financial advisors are more than prepared to handle any financial challenge, no matter how complex.
With a solid foundation of experience, expert services, and a fee-only structure, WE Family Offices is one of the wealth management firms in Miami for ultra-high-net-worth families to consider partnering with this year.
Conclusion – Top 11 Financial Advisors in Miami and Coral Gables, Florida
Now that you are better informed about these leading Miami financial advisors, it’s time for you to act.
No matter where you are at in the wealth management process, reviewing this list of the top Miami wealth management firms should help you gain a clearer understanding of what you do and do not want in a financial advisor.
You can then book your consultations equipped with the information you need to ask the right questions to choose the best financial advisor in Miami, FL for you.