RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN TAMPA, FL
2018 Ratings | The Top Financial Advisors in Tampa, FL
If you’re looking for a financial advisor in Tampa, FL, our list is for you. Technically, it’s more accurate to say, “If you’re looking for an ethical, fiduciary financial advisory firm in Tampa, FL, our list is for you.”
Unfortunately, the truth is that many financial advisors in Tampa and across the country are simply interested in turning you into a number. They want to get your name on a contract, take your money, recommend a bunch of extra fee-based products to you, and then forget about you until your annual meeting.
But we don’t think a sound, reputable wealth manager in Tampa and the surrounding area should value numbers over relationships. In fact, we think that a good Tampa financial advisor puts your concerns front and center in everything they do.
As much as possible, a good financial advisor in Tampa minimizes or eliminates conflicts of interest to provide you with objective, unbiased advice. It’s your money being invested, so it’s you who should be comfortable with the why and how of any decision that is made.
Our list of the top financial advisors in Tampa and St. Petersburg will show you a deeper look at the key facets of each firm, such as their client interview process, methodology, investment philosophy, continuing education, and more.
Award Emblem: Top 8 Best Financial Advisors in Tampa & St. Petersburg, FL
Top 8 Best Financial Advisors in Tampa & St. Petersburg, Florida | Brief Comparison & Ranking
|Best Financial Advisors in Tampa||Highlighted Features||Ratings|
|CapTrust Advisors, LLC||Financial planning for religious institutions & professional athletes||5|
|Doyle Wealth Management, Inc.||PARTNER Program||5|
|Harwood Financial Group||eMoney service||5|
|Heritage Investment Group||Highly qualified/credentialed team||5|
|Lawrence Financial Planning||Financial Planning for Young Professionals program||5|
|Pinnacle Wealth Planning Services, Inc.||Personal Planning Quarterback service||5|
|Wealth Advisors of Tampa Bay||Expert focus on the client experience||5|
|ARS Wealth Advisors||Range of low-risk investment options||3|
Table: Top 8 Best Financial Advisors in Tampa, FL | Above list is sorted by rating
Fee-Only vs Fee-Based Tampa Financial Planners
When it comes to evaluating financial advisors in Tampa and St. Petersburg, there are typically two types of firms to consider: fee-only and fee-based advisors.
How do you know which type of Tampa 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 Tampa financial planners.
When an investment firm or a financial advisor in Tampa or St. Petersburg 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 advisor in Tampa is in a better position to act solely in the interest of their clients.
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 Tampa financial planners are also fiduciaries, which often counteracts the potential for conflict.
Tampa financial planners that adopt a fiduciary commitment are legally responsible to fully disclose any conflicts of interest and are required to put the interests of their clients ahead of their own.
Best Financial Advisors in Tampa, FL
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.
Below, please find the detailed review of each firm on our list of the best financial advisors in Tampa. We have highlighted some of the factors that allowed these St. Petersburg and Tampa wealth management firms to score so high in our selection ranking.
Click on any of the names below to go directly to the review section for that firm.
- ARS Wealth Advisors
- CapTrust Advisors, LLC
- Doyle Wealth Management, Inc.
- Harwood Financial Group
- Heritage Investment Group
- Lawrence Financial Planning
- Pinnacle Wealth Planning Services, Inc.
- Wealth Advisors of Tampa Bay
Click below for previous years’ rankings:
- 2016 Ranking: Top 11 Best Financial Advisors in Tampa
- 2017 Ranking: Top 9 Best Financial Advisors in Tampa
ARS Wealth Advisors Review
ARS Wealth Advisors is an independent financial advisor in St. Petersburg in the Tampa Bay area. Founded in 1997, the firm has been nationally recognized as one of the top RIAs in the country.
ARS Wealth Advisors is a fee-only wealth management firm in the Tampa area.
Key Factors That Enabled ARS Wealth Advisors to Rank as One of the Best Tampa Financial Advisors
ARS is a top-notch financial advisor in St. Petersburg, thanks in part to the diversity of their staff when it comes to industry designations.
The list of certifications is long, but a clear example of why ARS Wealth Advisors does its job so effectively. The list includes:
- MBA (Master of Business Administration)
- CFP (Certified Financial Planner)
- CFA (Chartered Financial Analyst)
- CPA (Certified Public Accountant)
- PFS (Personal Financial Specialist)
- RIA (Registered Investment Analyst), a designation that applies to the company as a whole
This is a much more exhaustive list of designations than what you’ll find in a typical financial planner in Tampa or elsewhere. With a range of qualifications, the staff can contribute a wide array of perspectives and professional experience.
For clients, this results in a well-rounded investment strategy that minimizes risk and maximizes gains and tax efficiency, making ARS one of the best Tampa-area wealth management firms to consider partnering with.
Included within this diversity is a combined 100-plus years of financial planning experience. This means your money and your future are in solid, expert hands when managed by this financial advisory firm in Tampa.
What does being a “fee-only RIA” mean for you? It means that when you sign a contract with ARS, you only pay one set fee based on your AUM, or Assets Under Management.
Likewise, wealth management in St. Petersburg from ARS eliminates commission-based sales, which means financial products and services are recommended without biased input.
Like most Registered Investment Advisors, ARS is committed to a fiduciary standard. Fiduciary financial planners don’t look for ways to grow their bottom line, making ARS a great option for wealth management in St. Petersburg.
As a fee-only fiduciary, ARS Wealth Advisors embodies the ideal relationship between a financial advisor in St. Petersburg and their clients—unbiased, transparent, and focused solely on the client’s needs.
Additionally, their wide range of qualifications provides the firm with a strong foundation of industry knowledge, preparing these Tampa financial planners to expertly handle a diverse array of financial challenges.
Where ARS Wealth Advisors falls short, however, is in providing their clients with a full description of their services. Without specifically explaining their full process for wealth management and financial planning, potential clients may find it difficult to evaluate the firm.
By adding detail to their service listings, ARS Wealth Advisors could easily enhance both their value proposition to new clients and their overall rating as a top financial advisor in Tampa.
CapTrust Advisors, LLC Review
CapTrust Advisors, LLC is a wealth management firm in Tampa that serves high net-worth clients and their families. The firm was founded in 2001 by Roger E. Robson and Eric W. Bailey, both Managing Principals at the firm to this day.
CapTrust is a fee-based wealth management firm in Tampa, but we have included them on this list for the following reasons.
Key Factors That Enabled CapTrust Advisors to Rank as a Top Financial Planner in Tampa
CapTrust is, by far, one of the largest financial advisors on our list. Many investors might fear that they will get lost in the national scale and sheer multitude of clients being served by this financial advisor in Tampa.
Despite their large size, this Tampa financial advisor has proven equally stable at establishing long-term relationships.
Several clients have utilized the services of CapTrust’s Tampa financial advisors for nearly three decades. This demonstrates their wholehearted commitment to each individual investor who comes to them seeking financial help.
CapTrust doesn’t set you up for quick gains or a flash-in-the-pan client-advisor relationship. Rather, they discuss your long-term objectives and stand patiently by your side to help you reach them.
Customized but Flexible
When you entrust your money to CapTrust, you do so with a Tampa financial planner who doesn’t squeeze their clients into the same financial box. Instead, CapTrust takes the time to learn as much as possible about you, your needs, and your long-term goals.
Rather than sticking rigidly to the same plan no matter what occurs in the markets, CapTrust’s Tampa financial advisors are there to upgrade your strategy along the way. They review your portfolio for performance and viability, and they are not afraid to suggest tweaks for improvement.
In this way, you get a customized plan with CapTrust but the freedom to change it as your circumstances or variables within the marketplace change.
Additionally, if you don’t wish to hire CapTrust for its full range of financial services, you may hire this financial advisor in Tampa for individual services according to your needs.
CapTrust will review your financial health for free and then quote you a fee for whichever service you wish to utilize. This allows you to save money rather than being billed a lump sum for an unused suite of services for wealth management in Tampa.
Services for Diverse Clientele
Part of what sets CapTrust apart from competing wealth management firms in Tampa are their services for diverse clientele—these include wealth management for professional athletes and religious institutions.
Because professional athletes often need to create long-term financial strategies with a shorter career span, their financial plans must be both objective and comprehensive to effectively cover both short-term and long-term needs. As such, partnering with a Tampa financial planner that understands these unique needs can be incredibly beneficial.
Additionally, the firm aims to assist religious organizations balance the principles of their faith with the hallmarks of sound financial decision-making.
CapTrust has considerable experience helping institutions like Catholic universities, Catholic schools, faith-based healthcare companies, dioceses, and archdiocese.
Best Financial Advisors in Tampa, FL
CapTrust Advisors is an independent, fiduciary financial advisory firm in Tampa that does not set its policies or advice according to the dictates of a governing organization.
Instead, the Tampa financial advisors at CapTrust are free to dispense conflict-free, unbiased advice with the purpose of helping you reach your financial goals. What’s more, the company is employee-owned, giving each advisor a stake in the company’s success.
To that end, this Tampa wealth management firm only succeeds when you do. As a result, they treat your money, your time, and your interests as if they were their own.
This makes CapTrust a financial advisor in Tampa that clients can trust implicitly, and one of the top financial planners to consider partnering with this year.
Doyle Wealth Management, Inc. Review
Doyle Wealth Management, Inc. serves as a Registered Investment Advisor in St. Petersburg/Tampa and the surrounding area.
Founded by Robert and Jillian Doyle in 2005, Doyle Wealth is a fee-only wealth management firm.
Key Factors That Enabled Doyle Wealth Management to Rank as a Top Financial Advisor in Tampa
Doyle Wealth Management is strictly fee-only, meaning their advice will not be compromised by conflicts of interest, sales quotas, performance bonuses, incentives, or the interests of outside parties.
Instead, Doyle focuses on your needs and your goals for the future. These Tampa financial advisors do not focus on their own bottom line by selling additional products or services. Their mission is nothing more than to help you build and preserve your wealth.
For wealth management services, fees are based on Assets Under Management (AUM) and are billed quarterly. Conversely, services for financial planning in Tampa are billed either hourly or using a fixed fee.
Many potential investors are turned away because they do not meet the minimum asset requirements set by financial advisor firms. These minimums can range anywhere from $500,000 to $1,000,000 or more, depending on the firm.
Unfortunately, many people think that they must settle for a non-fiduciary, commission- or sales-based Tampa wealth management firm who doesn’t have such minimums to handle their money. Otherwise, they’re forced to wait until their wealth meets the industry standard for engaging most financial planning services.
To serve those who may not qualify for high account minimums yet, this top financial advisor in Tampa provides their PARTNER Program, helping those who are just starting out to get an early handle on their burgeoning finances.
The benefits of this program include:
- Access to a dedicated Portfolio Manager backed by a team of experienced investment professionals
- Financial planning and strategy meetings
- Customized portfolio design
- Financial education resources for consumers
- A trusted partner to provide sound advice and guidance
As a fee-only fiduciary, clients will find that Doyle Wealth Management provides a transparent, trustworthy financial planning and wealth management experience, making them stand out from competing financial advisors in St. Petersburg.
The firm’s willingness to work with clients that do not meet their account minimums through the PARTNER program is a unique offering, allowing new investors to benefit from professional financial management.
With a demonstrated commitment to transparency, expert financial services, and a client-centric focus on flexibility, Doyle Wealth Management is one of the best financial advisors in the Tampa area to consider partnering with.
Harwood Financial Group Review
Harwood Financial Group is an SEC-Registered Investment Advisor in Tampa, FL, that provides comprehensive wealth management in Tampa for high net-worth clientele.
Harwood Financial is a fee-based firm that has been included on this list for the qualities listed below.
Key Factors That Enabled Harwood Financial Group to Rank as a Top Financial Advisor in Tampa
Harwood Financial Group is a wealth management firm in Tampa that will put your interests ahead of their own.
Any commissions that they earn through insurance products or securities are well-laid out and explained in the firm’s ADV, promoting transparency.
Furthermore, their status as a fiduciary and one of the SEC-Registered Investment Advisors in Tampa means they will provide advice untainted by the firm’s personal gain or conflicts of interest.
A fiduciary duty is a crucial philosophy for any Tampa financial advisor, but particularly those that are fee-based. Because fee-based firms inherently tend to have conflicts of interest, a fiduciary duty ensures that these conflicts are mitigated transparently, supporting trust within the client-advisor relationship.
One of the things that helped Harwood make our list of top financial advisors in Tampa is the length they will go to for clients before any contract is signed.
This wealth management firm in Tampa offers the following reports to prospective clients free of charge:
- Investment Risk Analysis—This includes an analysis of your financial posture and how your investments can be improved.
- Tax Review and Analysis—Harwood advisors will review your tax situation and make recommendations for lessening your burden now while also making your investments more tax efficient later on.
- Estate Transition Plan Review—Your existing estate plan will be analyzed. Suggestions will be given on how to improve your plan for smoother estate transfer while reducing costs and associated taxes.
- Complimentary Financial Plan—Harwood won’t just meet with you once, but as many times as needed to get a clear and accurate picture of your finances. As a result of these meetings, you will be presented with a complete financial plan customized to your goals and needs.
Best Financial Advisors in Tampa, FL
As a fee-based firm with a fiduciary commitment, Harwood Financial Group is a great financial advisor in Tampa to consider partnering with this year.
Not only do they operate on a strong foundation of client-centric values, but the firm also provides a money-back guarantee—if you’re not happy with how Harwood Financial Group has handled your money, you will be refunded all account management fees that you paid during your first year.
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Heritage Investment Group Review
Heritage Investment Group is a wealth management firm in Tampa, FL, and elsewhere in Florida with a clientele of high net-worth individuals, families, charities, and qualified plans.
Founded in 1993, this wealth management firm in Tampa operates on a fee-only basis.
Key Factors That Enabled Heritage Investment Group to Rank as a Top Wealth Management Firm in Tampa
Well-Designated, Credentialed, and Experienced
One of the hallmarks of a truly first-rate financial advisor in Tampa or anywhere else in the country is the commitment the firm demonstrates toward continuing education and professional certification.
Heritage advisors have proven themselves deeply committed to keeping their knowledge up-to-date. As a result, these Tampa financial planners can provide you with the latest, most relevant information to help you get more out of your account.
Some of the industry designations and certifications that can be found on the Heritage team of Tampa financial advisors include:
- Chartered Financial Analyst
- Certified Public Accountant
- Certified Financial Planner
- Doctor of Philosophy
- Master of Business Administration
- Certified Investment Management Analyst
- Certified Investment Management Consultant
In addition to the aforementioned designations, the advisors at Heritage boast an average of 20 years’ worth of professional financial planning experience.
Full Suite of Services
Plenty of financial advisors in Tampa provide only the basics when it comes to money management and investment. The aim of this Tampa wealth management firm is to “be brilliant at the basics,” focusing on nothing more than the core essentials when helping clients preserve and grow capital.
Heritage wants to do that and more, however. To achieve this, they offer a suite of financial services designed to help clients flesh out their portfolios and expand their wealth.
Services provides by Heritage include:
- Investment Strategy
- Financial Planning
- Portfolio Management
- Risk Analysis
- Cash Flow Management
- Retirement Planning
- Estate and Trust Planning
- Tax Management and Reporting
Like many other top wealth managers in Tampa and St. Petersburg on our list, Heritage prides itself on operating according to a fiduciary standard.
For you, the investor, this means that Heritage is legally-bound to only work toward what’s best for you.
This fiduciary standard, combined with fee-only approach, a full suite of financial services, and a well-qualified team makes Heritage Investment Group one of the top Tampa financial planners to consider partnering with this year.
Lawrence Financial Planning Review
Founded by Julie Lawrence in 2009, Lawrence Financial Planning is a fee-only Tampa financial planner with a fiduciary commitment.
While the firm is one of the smallest on our list, they offer a wide range of comprehensive financial services for wealth management and financial planning in Tampa.
Uniquely, this financial advisor in Tampa is owned and operated solely by women, making the firm stand out and marking a stark contrast in an industry where women are historically underrepresented.
Key Factors That Enabled Lawrence Financial Planning to Rank as a Top Financial Planner in Tampa
Financial Planning for Young Professionals
Recent college graduates who have just entered the workforce don’t always have the funds—or the time—to invest in professional financial planning.
As one of the best Tampa financial planners, Lawrence Financial Planning recognizes that the best time to start establishing good financial health is when you are young, which is why they provide a financial mini-plan called Financial Planning for Young Professionals.
Enrolling in this plan provides college-age clients with assistance on financial topics like:
- Choosing the right employer benefits
- How to pick investments in a 401k/403b/retirement plan
- Budgeting and Cash Flow analysis
- Debt Repayment Strategy
There is no minimum asset requirement for this plan, and clients can choose to either pay $80 per month or $900 up-front for the entire year.
With flexible payment options, expert financial services, and a sincere desire to help young professionals get off on the right foot financially, this program is a wholly unique—and extremely valuable—branch of service provided by this Tampa financial planner.
Best Tampa Financial Advisors
Wide Range of Financial Services
Financial needs are subject to fluctuations from one year to the next, making it crucial for Tampa financial planners to provide a wide range of services.
Clients of Lawrence Financial Planning can benefit from a comprehensive list of capabilities for financial planning in Tampa, including:
- Goal Setting
- Financial Planning
- Investment Review and Strategy Implementation
- Tax Planning
- College Planning
- Pre-and Post-Retirement Planning
- Stock Option Review
- Estate Planning Strategies
- Lump-Sum Distribution Advice
- Financial Seminars
The firm also has expertise in helping clients navigate through the financial implications of divorce, maintaining membership in the following professional organizations:
- International Academy of Collaborative Professionals (IACP)
- Next Generation Divorce: The Collaborative Solution
- Institute for Divorce Financial Analysts (IDFA)
With a fee-only structure and a fiduciary commitment, Lawrence Financial Planning represents the ideal partnership between a client and their Tampa financial planner.
Additionally, their focus on providing flexible financial management for young professionals adds significant value, providing services for a segment of the population that is often left out of professional financial management.
Pinnacle Wealth Planning Services, Inc. Review
Pinnacle Wealth Planning Services, Inc. is a financial advisory firm providing financial planning and wealth management in St. Petersburg, working exclusively with affluent individuals, business owners, and families.
To date, Pinnacle manages over $500 million in assets under management as a fee-only wealth management firm in Tampa.
Key Factors That Enabled Pinnacle to Rank as a Top Financial Advisor in St. Petersburg
Experienced Advisors with a Wide Range of Certifications
The advisory team at Pinnacle has amassed more than 200 years of experience in wealth management. This alone makes them one of the more established financial advisory firms in Tampa.
Along with years of experience, Pinnacle has several different industry designations represented on their staff. Some of these designations include:
- Juris Doctor (JD)
- Certified Financial Planner (CFP®)
- Chartered Financial Consultant (ChFC®)
- Certified Public Accountant (CPA)
- Master of Business Administration (MBA)
- Personal Financial Specialist (PFS)
- Chartered Retirement Plans Specialist (CRPS®)
- Accredited Asset Management Specialist (AAMS®)
- Chartered Mutual Fund Counselor (CMFC®)
- Accredited Investment Fiduciary (AIF®)
- Certified Divorce Financial Analyst (CDFA)
Personal Planning Quarterback Service
Pinnacle believes in a goals-based financial planning process. Making the process “goals-based” means crafting a customized plan around your needs and goals for the future.
In this way, these Tampa financial planners can keep your financial plan flexible, recalibrating your investment strategy to stay on track toward your objectives.
To make certain that they achieve this, Pinnacle has instituted a Personal Planning Quarterback Service. This highly sophisticated online service enables these Tampa financial advisors to seamlessly coordinate with their clients through:
- Organizing financial documents in a secure electronic vault
- Daily tracking of investment assets
- Daily reporting of investment performance
- Providing clients with online access to their financial plans, legal documents, tax returns, and investment information
- Conduct quarterly planning meetings
- Follow up on meetings with written minutes
- Track implementation of financial recommendations
Pinnacle’s Tampa financial advisors do not earn commissions or sell extra financial products or services. They only provide unbiased investment advice without the conflict-of-interest inherent in fee-based or commission-based structures.
As a result, this financial advisor in St. Petersburg only wants what’s best for you and your money.
They will not seek to advance their own agenda or their own bottom line. In other words, these financial planners in Tampa only succeed when you succeed, making Pinnacle Wealth Planning Services one of the best firms for financial planning in Tampa and the surrounding area.
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Wealth Advisors of Tampa Bay Review
Wealth Advisors of Tampa Bay has been chosen as one of the top financial advisors in Tampa for their fiduciary commitment, client-centric focus, and wide range of financial services.
Key Factors That Enabled Wealth Advisors of Tampa Bay to Rank as a Top Wealth Management Firm in Tampa
Client-Centric Financial Services
As a top financial advisor in Tampa, Wealth Advisors of Tampa Bay puts client satisfaction and service first and foremost.
Because they are an independent firm with a fiduciary commitment, clients can trust that all financial planning and investment management services are provided free of bias and with their best interests in mind.
Integral components of the client experience include:
- Reliable, responsive, and personal guidance
- Dedication and commitment to the highest standards of excellence
- Objective advice that ensures your interests always come first
- Access to sophisticated wealth management solutions
- 100 years of combined experience in the financial industry
Comprehensive Financial Services
Financial needs can change from year-to-year, which stresses the importance of having multiple financial services to choose from.
At Wealth Advisors of Tampa Bay, clients can choose from a wide array of comprehensive, detailed financial services, which include:
- Comprehensive Wealth Management
- Investment Management
- Retirement Planning
- Financial Planning
- Insurance Services
- Estate Planning and Wealth Transfer
- Trust Services
- Foundations and Endowments
Best Tampa Financial Planners
For clients that want a firm that puts their experience first and foremost, Wealth Advisors of Tampa Bay is an excellent financial advisor in Tampa to consider.
Although the firm operates on a fee-based structure, their fiduciary commitment and independent structure ensures that all services for wealth management and financial planning in Tampa are unbiased and focused on the client’s best interests, two key elements in any successful client-advisor relationship.
With a wide range of comprehensive services to choose from, a century of collective experience, and a commitment to serve their clients with integrity, Wealth Advisors of Tampa Bay is one of the best financial advisors in Tampa to partner with this year.
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Conclusion – Best Financial Advisors in Tampa, Florida
The Tampa-St. Petersburg area sports a higher than average number of quality financial advisors.
Of course, this benefits you the most, allowing you to rest a little easier knowing there are Tampa financial advisors willing to walk with you on your journey toward your financial goals.
The greatest part is that you can feel more confident that you’ll make those goals a reality. The firms on our list of top Tampa financial advisors only consider themselves a success when you succeed, meaning they will apply all available resources towards securing your financial health.
If you still have doubts—and unless you’re a seasoned investor, doubts are likely—then we urge you to give these Tampa financial advisors a call today.
Not only is your first consultation free in many cases, but you can enjoy immediate peace of mind knowing that your financial future starts now.
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