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Best Financial Advisors in Connecticut 2021: Fees and Services

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

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Choosing a financial advisor can be challenging given the number of choices in the New England state of Connecticut. To find the right financial advisor, you will first need to consider the proper fit for your situation. Gaining an understanding of this requires determining your financial needs and goals and how much you are able to spend for assistance.

Once you have figured that out, however, you will be left with the sometimes daunting task of comparing firms in the area. In the hopes of making that easier, we compiled the most pertinent information on Connecticut’s top advisors to help guide your search. To determine the best financial advisors in the Constitution State, we looked only at firms that manage individual accounts and offer financial planning services. We then ranked these firms according to assets under management (AUM), which acts as a general metric for the firm’s size, and client-to-advisor ratio, which indicates how much attention you may get as a client.

Although our ranking is not an indication of which firm will be best for you and your unique needs, it can make the experience of finding the right advisor easier. Read on for our list of the top firms in Connecticut and their key highlights:

8 best financial advisors in Connecticut

Methodology and criteria

For our search, we looked at firms across the state of Connecticut. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services.

The firms that met this criteria were ranked based on their AUM and client-to-advisor ratio. These criteria are weighted equally in our scoring metrics. Firms with a higher AUM and lower client-to-advisor ratios garner higher scores. Our ranking system is designed to help compare firms but does not indicate which firm may be best for you.

In our reviews, we’ve listed several other key features that will help you determine which financial advisor is most fitting for your investing style and financial needs. It is important to note that we did not include disciplinary disclosures as a metric for our ranking. We have listed any disciplinary disclosures current as of March 1, 2021, but urge you to evaluate these firms on https://adviserinfo.sec.gov/.

1. Symmetry Partners

Find an Advisor

  • Minimum assets required: $10,000
  • AUM: $5,625,000,000
  • Individual investor to advisor ratio: 1,774:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: 800-786-3309
  • Headquarters address:
    151 National Drive
    Glastonbury, CT 06033

About Symmetry Partners

Financial planner David E. Connelly, Jr., and stock trader Patrick A. Sweeney founded Symmetry Partners in 1994 and remain co-owners of the firm. Symmetry Partners provides financial planning and wealth management services to individuals and high net worth investors.

In addition to its Connecticut office, Symmetry Partners has a location in Birmingham, Ala.

Symmetry Partners investing strategy

Symmetry Partners uses several different model portfolios to invest client assets, either as a single strategy or in combination with each other:

  • Structured portfolios include open-end mutual funds, diversified both within and across asset classes.
  • PrecisionFactor ETF portfolios use broadly diversified exchange-traded funds (ETFs) from industry leading providers.
  • AltAxis Portfolios, which typically only include only a portion of a client’s portfolio, are composed of mutual funds that implement alternative strategies.
  • Symmetry Bond Portfolios include low-cost mutual funds composed of investment-grade fixed-income securities.

Symmetry Partners disciplinary disclosures

Symmetry Partners reports no disciplinary disclosures. All registered investment advisors must disclose any civil, regulatory or criminal actions against the firm, its advisors or its affiliates on its Form ADV, public documents filed with the SEC.

For more information, visit the Symmetry Partners’ IAPD page.

2. GYL Financial Synergies, LLC

Find an Advisor

  • Minimum assets required: $1 million
  • AUM: $4,262,118,545
  • Individual investor to advisor ratio: 45:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 860-206-7400
  • Headquarters address:
    65 Memorial Road, Suite 530
    West Hartford, CT 06107

About GYL Financial Synergies, LLC

Former Wells Fargo advisors Gerald B. Goldberg and Jonathan S. Yolles formed GYL Financial Services, LLC in 2016. In 2019, the firm merged with Resnick Advisors, led by partner and managing director Martin Resnick. All three men remain executives at the firm, which is now part of the Focus Financial Partners partnership, a publicly-traded corporation that owns 60 registered investment firms across the country.

The firm officers financial planning and wealth management to individuals and high net worth individuals. It generally requires a minimum investment of $1 million. In addition to its West Hartford office, GYL Financial Synergies has offices in Westport, Conn.; Kensington, Md. and Richmond, Va.

GYL Financial Synergies, LLC investing strategy

To create its portfolios, GYL Financial Synergies relies on Modern Portfolio Theory, which holds that asset allocation has a greater long-term impact on returns than individual stock picking or market timing. To achieve appropriate diversity, the firm uses managed asset-class mutual funds, ETFs and separately managed accounts.

The firm creates custom investment plans for each client, monitoring and rebalancing accounts to reflect changes in the market or in client circumstances.

GYL Financial Synergies, LLC disciplinary disclosures

GYL Financial Synergies has no disclosures, meaning it has a clean disciplinary record, free of any civil, criminal or regulatory actions against the firm, its advisors and its affiliates over the past 10 years. The SEC requires that all registered investment advisors disclose such events on the Form ADV paperwork.

For more information about GYL Financial Synergies, visit its IAPD page.

3. Bradley Foster & Sargent, Inc.

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  • Minimum assets required: None
  • AUM: $4,238,363,195
  • Individual investor to advisor ratio: 22:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: 860-527-8050
  • Headquarters address:
    185 Asylum Street, CityPlace II
    Hartford, CT 06103

About Bradley, Foster & Sargent, Inc.

Bradley, Foster & Sargent launched in 1994, as the result of a merger between Robert H. Bradley & Company, founded by Robert H. Bradley and Joseph D. Sargent, and Arcadia Asset Management, founded by Timothy H. Foster. Bradley and Foster still work at the firm: Bradley is its chairman, and Foster is a portfolio manager.

All of the Bradley, Foster & Sargent’s 13 principal owners work at the firm, including Bradley, who is the largest shareholder, and Sargent. The firm provides financial planning and wealth management services to individuals, including those who are high net worth. In addition to its West Hartford headquarters, Bradley, Foster & Sargent has locations in West Palm Beach, Fla., and Wellesley, Mass.

Bradley, Foster & Sargent, Inc. investing strategy

Bradley, Foster & Sargent believes that investing in individual stocks is the most effective means through which portfolios can outpace inflation over time. So all portfolios typically include stocks, as well as fixed-income investments and cash, depending on the needs of individual clients.

Rather than engage in market timing, the firm focuses on adhering to the asset allocation strategies it has developed for each client. To reduce risk, Bradley, Foster & Sargent emphasizes diversification within portfolios, aiming to hold at least 20 different stocks in a variety of industries.

Bradley, Foster & Sargent, Inc. disciplinary disclosures

Bradyley, Foster & Sargent has no disciplinary disclosures on its record. That means that neither the firm nor its employees or affiliates have faced any civil, regulatory or criminal issues over the past decade.

For more information on Bradley, Foster & Sargent, visit the firm’s IAPD page.

4. Northeast Financial

Find an Advisor

  • Minimum assets required: Not specified
  • AUM: $3,319,705,435
  • Individual investor to advisor ratio: 75:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: 203-226-8997
  • Headquarters address:
    518-B Riverside Avenue, 2nd Floor
    Westport CT 06880

About Northeast Financial

Lawyer and financial consultant Elwood B Davis launched Northeast Financial in 1983 and remains president of the firm, which is owned by NFC Holdings. The firm offers financial planning and portfolio management to individuals and high net worth individuals, with a focus on wealthy families. It has a single office in Westport, Conn.

Northeast Financial investing strategy

Northeast Financial creates custom portfolios for its family clients based on each family’s risk tolerance and goals. The firm takes a long-term investing approach, with an emphasis on asset allocation.

The firm’s advisors aim to have a large enough fixed-income allocation in each portfolio to cover all the client’s spending needs. The balance of the portfolio is invested in real estate and equities.

Northeast Financial disciplinary disclosures

Northeast Financial has no disciplinary disclosures on its record. For reference, all registered investment advisors must disclose any civil, regulatory or criminal actions against the firm, its advisors or its affiliates on their Form ADV.

For more information on Northeast Financial, visit its IAPD page.

5. Coastal Bridge Advisors

Find an Advisor

  • Minimum assets required: $5 million
  • AUM: $2,093,926,322
  • Individual investor to advisor ratio: 28:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: 203-683-1530
  • Headquarters address:
    54 Wilton Road, 1st Floor
    Wilston, CT 06880

About Coastal Bridge Advisors

Advisors Kevin Burns, Bill Loftus, and Jim Pratt-Hearney founded Coastal Bridge Advisors during the financial crisis of 2008, and all three men still work at the firm. Coastal Bridge Advisors is now part of Focus Financial Partners, a publicly traded corporation that owns 60 registered investment firms across the country.

The firm offers financial planning and wealth management to individuals and high net worth individuals from its Westport, Conn., headquarters and another office in Los Angeles. You generally must have a minimum portfolio value of $5 million to work with the firm.

Coastal Bridge Advisors investing strategy

Coastal Bridge Advisors primarily invests its client portfolios with independent managers. The firm then monitors the portfolio and makes adjustments as needed to ensure that it continues to meet the client’s investment objectives.

The firm also invests a small portfolio of client assets in its wrap program, which typically invests in mutual funds.

Coastal Bridge Advisors disciplinary disclosures

Coastal Bridge Advisors has no disciplinary disclosures on its record. All registered investment advisors must disclose any civil, regulatory or criminal actions against the firm, its advisors or its affiliates on their Form ADV documents filed with the SEC.

For more information on Coastal Bridge Advisors, visit the firm’s IAPD page.

6. Beirne Wealth Consulting Services, LLC

Find an Advisor

  • Minimum assets required: None
  • AUM: $1,763,847,427
  • Individual investor to advisor ratio: 27:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: 203-701-8606
  • Headquarters address:
    3 Enterprise Drive, Suite 410
    Shelton, CT 06484

About Beirne Wealth Consulting, LLC

Money manager John Beirne, Jr., launched Beirne Wealth Consulting in 2012, and remains the firm’s chief investment officer. Beirne’s son, John-Oliver Beirne, serves as president. The firm is owned by a trust, benefiting the Beirne family.

Beirne Wealth Consulting offers financial planning and wealth management, primarily to individuals and high net worth individuals. In addition to its headquarters in Shelton, Conn., the firm has an office in Center Valley, Pa.

Beirne Wealth Consulting, LLC investing strategy

Beirne Wealth Consulting uses a three-year time horizon to evaluate potential investments for its portfolios, which typically consist of a mix of investments with independent managers, separate accounts, mutual funds and ETFs, as well as individual stocks, bonds and options. The firm creates custom portfolios for each client, based on their individual financial situation, goals and risk tolerance.

The firm uses several methods of analysis to determine which investments to include in client portfolios, including the following:

  • Fundamental analysis: Evaluates company financial statements to predict future performance
  • Technical analysis: Reviews market data for trends and patterns
  • Cyclical analysis: Analyzes market conditions at the macro and micro level

Beirne Wealth Consulting, LLC disciplinary disclosures

Beirne Wealth Consulting has no disciplinary issues to disclose. To find out more about Beirne Wealth Consulting, visit its IAPD page.

7. Connecticut Wealth Management, LLC

Find an Advisor

  • Minimum assets required: None
  • AUM: $1,553,425,461
  • Individual investor to advisor ratio: 44:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: 860-470-0290
  • Headquarters address:
    281 Farmington Avenue
    Farmingston, CT 06032

About Connecticut Wealth Management, LLC

Wealth manager Kevin Leahy founded Connecticut Wealth Management, LLC in 2010. Leahy remains CEO of the firm, which he owns with firm executives Denis Horrigan and Michael Tedone.

The firm offers financial planning and wealth management, primarily to individuals and high net worth individuals from its Farmington, Conn., office.

Connecticut Wealth Management, LLC investing strategy

Connecticut Wealth Management generally creates customized portfolios for each of its clients, based on their financial situation, goals and risk tolerance. Typically, the firm uses a long-term strategy when selecting investments, but may use short-term trades when it feels they’re necessary due to market conditions or client needs.

Mutual funds and ETFs make up the composition of most portfolios, but the firm will invest in individual stocks, bonds, certificates of deposit or alternative investments, as needed.

Connecticut Wealth Management, LLC disciplinary disclosures

Connecticut Wealth Management does not disclose any disciplinary actions on its Form ADV. This means that neither the firm, nor its employees or affiliates, have faced any civil, criminal or regulatory actions in the past decade.

For more information about Connecticut Wealth Management, visit the firm’s IAPD page.

8. Greenwich Wealth Management, LLC

Find an Advisor

  • Minimum assets required: $1 million
  • AUM: $1,420,081,240
  • Individual investor to advisor ratio: 33:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 203-618-0100
  • Headquarters address:
    45 East Putnam Ave, Suite 128
    Greenwich, CT 06830

About Greenwich Wealth Management, LLC

Financial advisor Michael J. Freeburg founded Greenwich Wealth Management in 2006 and remains its principal owner. The firm offers financial planning and wealth management, primarily to high net worth individuals.

In addition to its Greenwich headquarters, the firm has an office in West Palm Beach, Fla.

Greenwich Wealth Management, LLC investing strategy

Greenwich Wealth Management manages all client accounts on a discretionary basis, meaning that it does not consult with clients before making every trade. The portfolios created by Greenwich Wealth Management may make use of a range of investment strategies, including long-term strategies, short-term strategies and trading.

To determine the appropriate investment strategy for its clients, Greenwich Wealth Management uses fundamental, technical and macroeconomic analysis.

Greenwich Wealth Management, LLC disciplinary disclosures

Greenwich Wealth Management has a clean record and does not disclose any disciplinary actions. This includes any actions against the company, an employee or an affiliate that have occurred in the past 10 years.

For more information on Greenwich Wealth Management, visit the firm’s IAPD page.

Financial advisors in Connecticut: FAQ

Connecticut is among the least tax-friendly states in the country. The state ranks second in state and local tax burden, according to the Tax Foundation, at a rate of 12.60%. Its top individual income tax rate is 6.99%. The state also has the third-highest property tax burden in the U.S. Connecticut levies an estate tax and gift tax that starts at 10% on estates of $7.1 million or more in 2021. Residents may also be subject to a federal inheritance tax.

There are no state-specific certifications for financial advisors, but certified financial planners (CFPs) and chartered financial analysts (CFAs) are among the most well-regarded certifications in the financial advisory industry. Both require extensive coursework, continuing education and adherence to ethical standards.

No. While many financial advisors firms offer retirement planning services, not every firm specializes in it. If you’re interested in getting help with retirement planning, or any other specific area of your finances, make sure to ask these 10 questions before you start working with an advisor to ensure you find a good fit.

The best financial advisor for you will depend on what type of services you want, your budget to pay for the advisor’s services and your personal comfort level with the advisor. Start by getting referrals from family or friends, or use our advisor search tool. Then interview potential candidates to find the one that’s the best fit.

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Best Financial Advisors in Nevada 2021: Fees and Services

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Written By

Reviewed By

Choosing a financial advisor in Nevada can feel daunting, given the number of financial advisors in the state. Before you start looking at the options, however, you should first take a step back and think about the proper fit for you. This means gaining an understanding of your financial needs and goals, as well as how much you can realistically spend for an advisor’s services.

Once you’re ready to start comparing firms and data points, this list of the best advisors in this tax-friendly state can come in handy. To determine the top advisors in Nevada, we only considered firms that manage individual accounts and offer financial planning services. We then ranked these firms based on assets under management (AUM), which acts as a general metric for the firm’s size, and client-to-advisor ratio, which suggests how much attention you may receive as a client of the advisory company.

While our ranking cannot tell you which firm will be the best fit for you, the data it offers can help you to make a more informed decision. Take a look at our list below for the top firms in Nevada and their key highlights:

10 best financial advisors in Nevada

Methodology and criteria

For our search, we looked at firms across the state of Nevada. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services.

The firms that met this criteria were ranked based on their AUM and client-to-advisor ratio. These criteria are weighted equally in our scoring metrics. Firms with a higher AUM and lower client-to-advisor ratios garner higher scores. Our ranking system is designed to help compare firms but does not indicate which firm may be best for you.

In our reviews, we’ve listed several other key features that will help you determine which financial advisor is most fitting for your investing style and financial needs. It is important to note that we did not include disciplinary disclosures as a metric for our ranking. We have listed any disciplinary disclosures current as of March 1, 2021, but urge you to evaluate these firms on https://adviserinfo.sec.gov/.

1. The Wealth Consulting Group

Find an Advisor

  • Minimum assets required: Varies by program, ranging from $15,000 to $250,000
  • AUM: $1,961,208,002
  • Individual investor to advisor ratio: 83:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 702-263-1919
  • Headquarters address:
    8925 West Post Road, 2nd Floor
    Las Vegas, NV 89148

About The Wealth Consulting Group

The Wealth Consulting Group has a network of affiliated advisors across nearly 30 offices in several states, with a heavy presence in California. The sign above the office door won’t necessarily say The Wealth Consulting Group, as advisors often operate under their own firm name and branding. But the advisors offer services and are licensed through The Wealth Consulting Group.

The group’s client list runs broad, ranging from middle-income investors and wealthy families to pension plans and corporations. Advisors offer investment management and financial planning services. The firm also offers a dedicated team of professionals for planning issues around topics such as estate, business, executive and employee benefits, as well as charitable and retirement planning.

Legally known as WCG Wealth Advisors, the current firm structure launched in 2014. Its founder and CEO is Jimmy Lee, and the firm is owned by The 1970 Lee Trust.

The Wealth Consulting Group investing strategy

Clients can choose among various options for investing their money. The firm offers model portfolios created by its investment committee as well as by third-party firm LPL Financial. Client money can also be invested in other programs with third-party managers. Typical asset classes include mutual funds, exchange traded funds (ETFs), individual stocks and bonds, real estate investment trusts and variable annuities.

The firm’s general investment philosophy focuses on a “core-satellite” approach, where the core reflects the appropriate asset allocation given the client’s circumstances, and the satellite is where the firm weaves in the views of its investment committee and what it believes are the key long-term trends.

The Wealth Consulting Group disciplinary disclosures

The Wealth Consulting Group discloses no disciplinary issues, thus giving it a clean record. The SEC requires all registered investment advisors to disclose to the public any legal or disciplinary events against the firm or its employees over the prior 10 years that a potential client would find material when evaluating the firm or the integrity of its management team. Learn more about the firm by visiting its IAPD page.

2. Buckley Wealth Management, LLC

Find an Advisor

  • Minimum assets required: No minimum
  • AUM: $484,638,756
  • Individual investor to advisor ratio: 64:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 702-805-1010
  • Headquarters address:
    10100 West Charleston Blvd. #213
    Las Vegas, NV 89135

About Buckley Wealth Management, LLC

After nearly four decades in the investment industry, founder Brian Buckley struck out on his own to form his eponymous firm in 2017. Buckley is the primary owner of the firm.

Based in Las Vegas, the team at Buckley Wealth Management serves a mix of individual and institutional clients, including middle- and upper-income individuals and families. These clients rely on the firm primarily for asset management as well as financial planning and consultations around topics such as insurance, retirement, education or estate planning.

Buckley Wealth Management, LLC investing strategy

No one strategy drives the team’s investment decisions at Buckley Wealth Management. Instead, a mix of short- and long-term strategies and research methods is used. When conducting research, the team analyzes everything from individual companies and industries to overall economic conditions and patterns in market movements. When constructing portfolios, the team focuses on creating the ideal asset allocation for each individual client, factoring in their goals, risk tolerance and current situation. Some investments are held for the long-term, while others may be bought and sold within a day.

Typical investments in client portfolios include individual stocks, bonds, mutual funds, ETFs and other private and public investments. Advisors also may identify and recommend appropriate third-party managers for client money.

Buckley Wealth Management, LLC disciplinary disclosures

Buckley Wealth Management discloses no legal or disciplinary actions against the firm or its employees in the prior 10 years that a client would view as material when evaluating the firm or its leadership team’s integrity. Learn more by viewing the firm’s IAPD page.

3. RB Capital Management, LLC

Find an Advisor

  • Minimum assets required: No minimum
  • AUM: $462,361,382
  • Individual investor to advisor ratio: 44:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 775-993-2900
  • Headquarters address:
    5365 Reno Corporate Dr., Suite 200
    Reno, NV 89511

About RB Capital Management, LLC

RB Capital Management is headquartered in Reno, Nev., with four additional offices in California and one in Shelton, Connecticut. The advisors serve middle-income and high-net-worth individuals and families, as well as retirement plans and other businesses.

The firm’s CEO and CIO Robert Ballan founded the firm in 2000 and is the principal owner. Clients turn to Ballan and the team’s other advisors for investment management and financial planning.

RB Capital Management, LLC investing strategy

RB Capital Management specializes in hedged strategies and managed fixed-income portfolios. Advisors recommend fixed-income portfolios for most of their clients. They create custom portfolios tailored to each client’s goals to protect against large interest rate and credit risk. Their portfolios have a combination of long and hedged equity, the latter in the form of what is called covered call writing on individual equity positions, which the firm views as a conservative options strategy.

Advisors’ recommendations may include fixed income, equities and alternative investments such as precious metals, real estate and commodities. For diversification for some clients, the firm also uses the unaffiliated investment advisor Flexible Plans, which uses a collection of mutual funds and regularly rebalances the account.

RB Capital Management works with clients through discretionary relationships, meaning clients give advisors permission to place trades without clients needing to first sign off.

RB Capital Management, LLC disciplinary disclosures

RB Capital Management has no legal or disciplinary marks against the firm or its employees over the prior 10 years that would be material to a potential client evaluating the firm or the integrity of the management team. Visit the firm’s IAPD page to learn more.

4. Cornerstone

Find an Advisor

  • Minimum assets required: Generally $250,000
  • AUM: $341,268,236
  • Individual investor to advisor ratio: 140:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: 775-853-9033
  • Headquarters address:
    9628 Prototype Court
    Reno, Nevada 89521

About Cornerstone

Founded in 2011 and owned by president and CEO Christopher Abts, this independent firm serves middle-income and high-net-worth individuals. Cornerstone especially caters to doctors and small business owners. Pension and profit-sharing plans, charitable organizations and other firms round out the client list. Legally known as Cornerstone Retirement Group, the group works out of a single office in Reno, Nevada.

The team offers what it calls comprehensive wealth management, which includes portfolio management as well as financial planning and consulting. It also offers educational events to clients and the general public.

Cornerstone investing strategy

Cornerstone manages accounts through discretionary relationships, meaning clients are not asked for approval before trades are placed. To determine which investments offer the best opportunity, advisors use three types of analysis:

  • Fundamental analysis: looks at various company and industry specific factors, as well as economic and financial factors, to decide if a stock is undervalued or overvalued
  • Technical analysis: examines past market movements to spot repeatable patterns
  • Cyclical analysis: looks at how a stock moves compared to the overall market

The firm’s portfolio recommendations may include ETFs, individual stocks or bonds or other securities, or the use of a third-party platform manager or money manager. Advisors may buy investments with the goal of holding them for the long term, or to sell in less than a year to take advantage of expected price movements.

Cornerstone disciplinary disclosures

Cornerstone has a clean record. The firm discloses no legal or disciplinary actions in the prior 10 years that would be material to a potential client evaluating the firm or the integrity of the management team. To learn more, visit the firm’s IAPD page.

5. Arista Wealth Management, LLC

Find an Advisor

  • Minimum assets required: $250,000 for investment advisory services
  • AUM: $334,800,000
  • Individual investor to advisor ratio: 64:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 702-309-9970
  • Headquarters address:
    8876 Spanish Ridge Avenue, Suite 202
    Las Vegas, NV 89148

About Arista Wealth Management, LLC

Founded in 2006, Arista Wealth Management caters primarily to individual investors. It serves both middle-income and high net worth investors, the latter defined by the SEC as those with at least $750,000 to invest or a net worth of $1.5 million. Clients can choose if they’d like both investment management and financial planning, or only one of the services. A formal financial plan will include a written document and look at your entire financial situation. A consultation may address a particular topic, such as business planning, corporate and tax planning, insurance planning, estate planning or retirement planning.

Based in Las Vegas, the firm has a second office in Mesa, Ariz. Arista Wealth Management is owned by Starcrest Trust. The firm also serves a select number of institutional investors such as corporations and nonprofits.

Arista Wealth Management, LLC investing strategy

The firm aims to create portfolios that will reduce investment costs, provide broad diversification across global markets and provide the maximum reward for the given level of risk. Portfolios may include low-cost mutual funds, ETFs, and other public securities and investments, tailored to each specific client.

In general, the team at Arista Wealth Management uses three strategies. They plan for investments to be held for the long term. They buy investments with money borrowed from your brokerage account, allowing you to buy more than the available cash in the account, known as margin transactions. Finally, they largely use a passive index approach. They may recommend passively-managed asset class and index mutual funds. Advisors prefer passive mutual funds sponsored by DFA and Vanguard, because fees are often lower than other types of funds.

Arista Wealth Management, LLC disciplinary disclosures

Arista Wealth Management discloses no disciplinary or legal blemishes that would be material to a client evaluating the firm or the integrity of the management team, thus giving the firm a clean record. To learn more, visit the firm’s IAPD page.

6. American Wealth Management

Find an Advisor

  • Minimum assets required: $300,000, but negotiable
  • AUM: $ 384,310,929
  • Individual investor to advisor ratio:
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Commissions
  • Firm phone number: 775-332-7000
  • Headquarters address:
    570 Hammill Lane
    Reno, NV 89511

About American Wealth Management

With roots dating back to 1988, a mother-son duo built this Reno, Nevada-based firm. Today, the firm is owned by the son, Laif Meidell, who serves as the firm’s president. His mother, Patricia, serves as chairman of the board.

American Wealth Management serves a mix of clients including middle-income and wealthy individuals and families, retirement plans, charities and other businesses. Advisors provide investment management and financial planning services, either together or as standalone services. They also provide advice to retirement plan participants and owners of annuity contracts. The list of topics they can address in their financial plans is broad, encompassing everything from estates, charitable giving, education, taxes and insurance to stock options, employee benefits, debt and more.

American Wealth Management investing strategy

The firm primarily uses ETFs and mutual funds, although individual stocks and bonds may be recommended in certain situations. While the firm’s core investing strategies tend to have low turnover and are sensitive to taxes, their tactical strategies focus on total return. Thus, they may not factor in tax considerations, and may have high turnover, increasing transaction costs.

To make investment decisions, advisors at American Wealth Management rely on a proprietary research tool that analyzes large amounts of quantitative data such as price momentum and trends. This tool then ranks various equity investment styles, sectors, international areas and alternative and fixed-income asset classes. The goal is to identify long-term price trends while avoiding so-called head fakes, or short-term price changes not in sync with long-term trends.

Advisors manage client money without asking clients to sign off on each trade, known as discretionary management.

American Wealth Management disciplinary disclosures

American Wealth Management has a clean record. The firm discloses no legal or disciplinary actions against the firm or its employees that would materially impact a client’s opinion of the firm or the integrity of its leaders. Learn more on the firm’s IAPD page.

7. H&H Retirement Design and Management Inc

Find an Advisor

  • Minimum assets required: $1 million for portfolio management
  • AUM: $151,453,191
  • Individual investor to advisor ratio: 30:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 702-470-2660
  • Headquarters address:
    3755 Breakthrough Way, Suite 101
    Las Vegas, NV 89135

About H&H Retirement Design and Management Inc

H&H Retirement Design and Management serves wealthy individuals and families, requiring a minimum investment of $1 million for portfolio management. In particular, the firm has experience with business owners, dentists, physicians and retirees. The firm also may take on work with certain more modest-income investors and institutions such as charities and businesses.

The firm offers clients various levels of service to choose from: standalone portfolio management, portfolio management plus reducing taxes in the account or a full financial plan combined with asset management. Founded in 2014, the firm has a single location in Las Vegas and is owned by its CEO, Kenneth Himmler.

H&H Retirement Design and Management Inc investing strategy

H&H Retirement Design and Management takes control of the daily trading decisions in client accounts, without requiring clients to sign off. Clients can choose how they want their money invested: customized portfolios constructed by their advisor and tailored to their specific goals and needs, model portfolios or through using unaffiliated third-party money managers, including so-called robo or online advisors.

Generally the advisors invest for the long-term. Investment recommendations may include public equities, fixed income, mutual funds, variable life insurance and annuities, options and real estate partnerships.

H&H Retirement Design and Management Inc disciplinary disclosures

H&H Retirement Design and Management has a clean record. The group discloses no legal or disciplinary marks against the firm or its employees in the past 10 years that a client would find material in its evaluation of the firm or the integrity of its leadership team. Visit the firm’s IAPD page to get more information.

8. Legacy Wealth Planning, LLC

Find an Advisor

  • Minimum assets required: No minimum
  • AUM: $300,976,918
  • Individual investor to advisor ratio: 115:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: 775-850-2500
  • Headquarters address:
    10599 Double R Blvd.
    Reno, NV 89521

About Legacy Wealth Planning, LLC

Founded in 2017, Legacy Wealth Planning is an independent advisory firm based in Reno, Nev., that is owned by four of its advisors. The team provides investment management and financial planning. For the latter, advisors provide clients a written plan, and can address a broad range of topics, particularly around retirement and education planning.

The firm’s list of clients includes middle-income and high net worth individuals and families, as well as institutions including retirement plans.

Legacy Wealth Planning, LLC investing strategy

The Legacy Wealth Planning team offers discretionary portfolio management, meaning clients give advisors control to buy and sell investments without needing client approval. Advisors construct a custom portfolio tailored to the client’s individual needs and objectives. Each portfolio will vary based on the individual advisor’s personal philosophies and approaches, but generally portfolios may include stocks, bonds, mutual funds, annuities, real estate investment trusts and others. Client money may also be invested in model portfolios.

Separately, advisors are licensed to serve as broker-dealers, meaning they can buy or sell securities for commissions.

Legacy Wealth Planning, LLC disciplinary disclosures

Legacy Wealth Planning has no disciplinary or legal disclosures that would be material to a potential client evaluating the firm or the integrity of the management team, giving the firm a clean record. Visit the group’s IAPD page to learn more.

9. Capstone Capital

Find an Advisor

  • Minimum assets required: Generally $500,000, although exceptions exist
  • AUM: $237,624,882
  • Individual investor to advisor ratio: 69:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
  • Firm phone number: 702-433-7588
  • Headquarters address:
    2600 Paseo Verde Parkway, Suite 150
    Henderson, NV 89074

About Capstone Capital

In 2002, Ron Leavitt and Jeff Burr founded Capstone Capital to serve individuals, families and small business owners. Today the firm, still owned by president Leavitt and Burr, provides portfolio management and financial planning services to both middle-income and wealthy investors out of its Henderson office. The team also works with a few institutional clients, including nonprofits and financial institutions.

Capstone Capital investing strategy

Advisors manage client accounts on a discretionary basis, meaning they can place trades in client accounts without prior client approval. Investment recommendations may include stocks, bonds, certificates of deposit, mutual funds and ETFs.

Generally, rather than focusing on picking top-performing stocks, the team works to create an appropriate asset allocation across stocks, bonds and cash based on the client’s individual situation. Advisors factor in the client’s objectives, risk tolerance, time horizon and liquidity needs. The firm prefers passive asset allocation strategies. They tend to look for mutual funds or ETFs with low management fees, low turnover and broad market exposure.

Capstone Capital disciplinary disclosures

Capstone Capital discloses no disciplinary or legal actions against the firm or its employees over the prior 10 years that would be material in a client’s opinion of the firm or the integrity of its leadership team. Visit the firm’s IAPD page to learn more.

10. Kingsbridge Wealth Management, Inc.

Find an Advisor

  • Minimum assets required: Generally $5 million for separately managed accounts; private funds start at $100,000
  • AUM: $229,447,089
  • Individual investor to advisor ratio: 10:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Performance-based fees
  • Firm phone number: 702-947-5160
  • Headquarters address:
    1140 N. Town Center Drive, Suite 340
    Las Vegas, NV 89144

About Kingsbridge Wealth Management, Inc.

Kingsbridge Wealth Management works with a select group of deep-pocketed individuals and families who can plunk down at least $5 million for a customized portfolio. Client money is typically invested through separately managed accounts. The team also manages five private funds available to certain wealthy and sophisticated investors. The minimum requirement to invest in those funds generally ranges from $100,000 to $1 million. Clients can also tap the firm for financial planning and consultations, as well as services wealthy families may find helpful such as succession planning, lifestyle management and record-keeping.

Firm President and principal owner David Dunn founded the firm in 2009 and registered it with the SEC in 2012. The group is based in Las Vegas.

Kingsbridge Wealth Management, Inc. investing strategy

Advisors use separately managed accounts and customize each account based on the client’s needs and goals. They may recommend equities, fixed income, ETFs, mutual funds, options and other securities or private investments. Advisors may also recommend third-party managers to oversee some of an account. Clients may invest some of their money in the private funds managed by Kingsbridge.

The firm believes that indexing to specific asset classes provides an advantage, since they are lower cost, can be handled in a way that lowers tax bills and can participate in market gains. Advisors will index with individual equities or ETFs when appropriate or possible. Advisors also may use an algorithm to create a portfolio that tracks a specific index. For taxable accounts, advisors try to limit tax bills.

Kingsbridge Wealth Management, Inc. disciplinary disclosures

Kingsbridge Wealth Management discloses no legal or disciplinary actions against the firm or its employees in the prior 10 years that would materially impact a client’s opinion of the firm or the integrity of its leadership. Visit the firm’s IAPD page to view its filings and get more information.

Financial advisors in Nevada: FAQ

Nevada is one of the most tax-friendly states in the nation. The state has no income, estate or inheritance tax. However, residents may still be subject to federal estate taxes.

No. Some financial advisors focus solely on growing your investment account, known as asset management. Other planners provide more comprehensive management, which can look at many aspects of your financial life including life goals, savings, liquidity, insurance needs and retirement plans. These advisors can put together a retirement plan that factors in your goals, current savings, Social Security and other assets. If retirement planning is a priority for you, make sure to ask advisors if they offer this service before you begin working with them.

There are various certifications and licenses that a professional can earn that indicate their experience and expertise as a financial advisor. Two of the most highly respected industry designations include the certified financial planner (CFP) and certified financial analyst (CFA) designations, both of which require taking a comprehensive exam and meeting certain requirements, including adhering to an ethical code. For example, to earn the CFP designation, advisors must have a bachelor’s degree, complete coursework in financial planning, have 6,000 hours of financial planning experience and pass an exam.

Fees vary by firm and sometimes even by advisors within a firm. The median advisory fee hovers just shy of 1%, according to a 2019 study by industry group RIA in a Box. Keep in mind that clients may still owe additional fees for trading and certain internal fees, such as mutual fund fees.

Advisors are also paid in different ways. Some advisors earn compensation only from clients; they are known as fee-only planners. Others are paid by clients as well as the investment companies providing the products sold; they are known as fee-based planners.

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What Is an RIA? Requirements and What They Do

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

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An RIA is a registered investment advisor. RIA firms register with the SEC or state government regulators and are tasked with working in their clients’ best interests when making investment recommendations.

Below, we examine what an RIA is, so you can decide whether working with one makes sense for you.

What is a registered investment advisor (RIA)?

The term RIA describes a firm that manages the financial assets of its clients. The individuals working with clients at the RIA are called investment advisor representatives (IARs). It is possible for an individual to be sole proprietor of an RIA firm that is a one-person operation, and for the firm to be registered in his or her name, but they are technically working for themselves as an IAR of their RIA.

Whether an RIA must register with their state or become an SEC-registered investment advisor depends on its size. There is a wide range of sizes for RIAs, with the largest managing money for tens of thousands of clients nationwide, while small firms may operate in one state, with just a few hundred clients or less.

One key feature of an RIA is that their advisors must follow a fiduciary standard. A fiduciary advisor must place your interests over their own when recommending investment strategies. For example, they must avoid recommending investment products simply to receive a commission. They also must be transparent about their fees, and avoid any potential conflict of interest with a client.

Registered investment advisor requirements

If a person decides they want to register their firm as an RIA, the first step is passing an exam run by the regulatory organization FINRA (Series 65 or Series 66 depending on their securities license.) They also need to register their firm with the state or the Securities and Exchange Commission (SEC).

When does an RIA have to register as an investment advisor with the SEC? Once the firm has more than $110 million in assets under management. If a firm has between $100 to $110 million, they have the choice to register either with the state or the SEC, but once they hit that $110 million mark, it’s a requirement.

After registering, the RIA will need to set up policies and procedures to prevent, detect and fix potential rule violations related to working with clients. The RIA will also need a compliance officer who makes sure the firm follows the appropriate rules under the Investment Advisers Act of 1940. They will also need to submit an annual filing called the Form ADV with the SEC or with their state regulator, along with other documents depending on their state rules.

To research an RIA, you can check their latest ADV filing through the Investment Adviser Public Disclosure (IAPD) website.

What does a registered investment advisor do?

Since RIAs are investment advisors, their main service is helping clients manage their investments. This includes giving investment advice and potentially managing a client’s portfolio. For this service, RIAs usually charge an hourly fee or a percentage of their assets under management, rather than charging commissions, which could lead to conflicts of interest with clients.

Some RIAs feature a mix of other financial professionals, along with investment experts. For example, they might also have CPAs, attorneys, life insurance agents, Certified Financial Planners (CFPs) and other professionals that help a client meet all their needs in one place. A CFP, for example, not only manages a client’s investments but also helps them develop a broad financial plan that can include saving for educational expenses, determining tax strategies, managing retirement income and planning for long-term care.

Before signing up with an RIA, make sure their specialties line up with your needs.

Who can benefit from working with an RIA?

As a client, the fiduciary standards of an RIA might give you an extra feeling of security. You can be assured that a good investment advisor at an RIA will not recommend products simply to get a commission, and that he or she will be working for your best interests.

On the other hand, some advisors say this standard may reduce the flexibility of investment strategies, as RIAs may be worried about getting into regulatory trouble. Advisors who do not follow a fiduciary standard could potentially offer a greater variety of products.

An RIA could be a good fit for you if you have a larger portfolio. Many RIAs have a required minimum portfolio size, such as $250,000 or $1 million, so if you have a smaller portfolio, your selection could be limited. Other advisors, such as brokers and insurance agents, could give you advice for a smaller portfolio in exchange for charging commissions on product recommendations. You could also consider working with a robo-advisor if you don’t care as much about getting the personal one-on-one service that a human advisor provides.

Registered investment advisor FAQ

Yes, all RIAs must operate under the fiduciary standard. It’s part of how the SEC defines a registered investment advisor. RIAs must show undivided loyalty to their clients and cannot engage in activities that conflict with client interests.

A broker-dealer executes investment trades and can also invest your money on your behalf, similar to an RIA. However, broker-dealers can also invest money on their own behalf. Before new regulations put into place in 2020, a broker-dealer’s recommendations needed only to follow the weaker suitability standard.

The new rules tightened up regulations for broker-dealers that make them more in line with the fiduciary standards of RIAs, meaning they need to pledge to work in a client’s best interests when recommending investment products and strategies.

However, the new regulations have been controversial, and noted industry experts such as Michael Kitces, cofounder of XY Planning Network, say the standards are still not in line with the fiduciary standard of an RIA. Broker-dealers such as LPL Financial and Raymond James also work with RIAs as custodians, meaning they maintain the clients’ assets and holdings and carry out the trades on their behalf. Some RIAs maintain hybrid models, meaning they can offer advisory services as an RIA but also run a commission-based business through working with an independent broker-dealer.

Financial publications such as Barron’s release rankings each year for the top RIA firms. In 2020, the top five firms on their list were Edelman Financial Engines, CIBC Private Wealth Management, Hightower Advisors, Creative Planning and Mariner Wealth Advisors. MagnifyMoney also publishes rankings of the top advisors in particular states and cities if you’d rather search for top advisors by location.

While these rankings can be a good start to your research, the best advisor for you depends on your specific needs, as well as your location. You can go here to search for financial advisors that may meet your needs.

For a firm to become an RIA, they need to register with either the SEC or the state government, depending on their size. Technically, an RIA is a firm and not a person, although you may see one-person operations that are RIAs. An individual advisor can become an IAR through being hired by an RIA firm. Individuals must pass the necessary licensing test from FINRA.

You may notice that, when reading about financial advisors, you will sometimes see the “advisor” spelling and other times you will see “adviser.” Is there any real difference between the two? No, there isn’t. The terms are interchangeable. Different sources and publications choose to use either spelling for style purposes.

As noted previously, the Investment Adviser Public Disclosure website uses the “e” spelling for “Adviser”. At MagnifyMoney, we generally use the “advisor” spelling, unless referring to a law or other official document that uses “adviser.” But whether you use an investment advisor or adviser, the spelling difference shouldn’t factor in making this decision.

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