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Best Financial Advisors in Hialeah

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Acosta Tax & Advisory, PA logo
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Acosta Tax & Advisory, PA

8333 Northwest 53rd Street, Doral, FL 33166
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  • Tax Preparation
  • Tax Planning

Business Description

Acosta Tax & Advisory, PA, is a tax and accounting firm that serves individuals and businesses in Hialeah. Started in 2006, this firm assists businesses in managing their financial strategies, tax compliance, and accounting. Additionally, it helps in reducing penalties related to the filing of returns, audits related to income taxes, and overdue payment of taxes. Its founder, Julio Acosta, has more than 11 years of experience in taxation and more than 18 years in private and public accounting.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Anthem Advisors logo
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Anthem Advisors

200 South Biscayne Boulevard, Miami, FL 33131
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  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Anthem Advisors is a wealth management firm that serves families in Hialeah and the surrounding areas. The advisors in the firm have more than four decades of combined experience in the financial industry. It offers succession planning, risk management, evidence-based investing, asset protection, portfolio management, and comprehensive financial planning services. Clients also receive independent guidance and customized plans to secure their future and meet their financial goals. In addition, clients are provided access to risk analysis services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (7)
Facebook
5.0 / 5 (3)
Asset Planning Group logo
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Asset Planning Group

1450 Madruga Avenue, Coral Gables, FL 33146
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  • Certified Financial Planner (CFP)

Business Description

Asset Planning Group is an independent wealth management firm that has been serving the residents of Hialeah and the surrounding areas for more than 25 years. It offers a wide range of financial services, including investments and assets management, retirement income planning, and estate planning. In addition, the firm provides clients with 401(k) rollover services. Its wealth advisor, Katherine Hart, has been working in the financial planning industry for more than 16 years. She is a member of the Financial Planning Association.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Barnett Capital Advisors logo
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Barnett Capital Advisors

1428 Brickell Avenue, Miami, FL 33131
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  • Certified Financial Planner (CFP)

Business Description

Barnett Capital Advisors is a company serving clients in Hialeah and the surrounding areas. It was founded in 2012 by Andrew E. Carrillo, who has been in the financial advisor industry since 2007. He leads a team that strives to provide clients with a customized plan that aligns with their financial goals. The team does this through services like private fund investment management, wealth management, and retirement planning. The company also provides services to non-US residents.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (5)
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Bayshore Wealth Advisors logo
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Bayshore Wealth Advisors

2333 Ponce de Leon, Coral Gables, FL 33134
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Bayshore Wealth Advisors offers investment portfolio management and comprehensive financial planning services to the residents of Hialeah. As a Registered Investment Advisor, the firm collaborates closely with families, businesses, individuals, and trusts to help them achieve their financial goals. It also provides wealth management services such as cash flow management, wealth preservation and protection, risk management, and tax planning. Gabriel Bustamante founded Bayshore Wealth Advisors. Bustamante is a Personal Financial Specialist and has been an investment advisor since 1998.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Cathy Pareto and Associates logo
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Cathy Pareto and Associates

901 Ponce de Leon Boulevard, Coral Gables, FL 33134
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  • Certified Financial Planner (CFP)

Business Description

Cathy Pareto and Associates is a wealth management firm serving clients in Hialeah. The firm provides specialized financial planning services for non-traditional families, women, doctors. It also offers retirement planning and research-driven investment management solutions, including asset allocation and investment selection. Its president and founder, Cathy Pareto, was named in Forbes magazine as one of the 2008 Top Ten Most Dependable Wealth Managers for Women in the USA. She has been in the financial services industry for more than 20 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Evensky & Katz / Foldes Financial logo
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Evensky & Katz / Foldes Financial

4000 Ponce de Leon, Miami, FL 33146
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  • Certified Financial Planner (CFP)

Business Description

Evensky & Katz / Foldes Financial is a wealth management firm that serves executives, retirees, entrepreneurs, and young accumulators in Hialeah and the surrounding areas. It focuses on investment management and financial planning, where each customized investment plan is designed around the client's risk tolerance, available assets, and ultimate goals. The firm also provides advice regarding insurance options, estate planning, and asset allocation. The firm is composed of wealth managers and financial advisors. It has been providing its services for more than three decades.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Helpfulness
Detail
Firestone Capital Management logo
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Firestone Capital Management

1501 Venera Avenue, Miami, FL 33146
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  • Certified Financial Planner (CFP)

Business Description

Firestone Capital Management has been serving clients in Hialeah and the neighboring areas since 1991. It helps with multi-generational financial planning, sustainable cash flow solutions, tax-sheltering strategies, asset protection and building solutions, and retirement planning. Clients also receive objective investment research and ongoing performance reports. Originally a sole proprietorship, the firm has grown to be a team of individuals with experience in different industries. Its president and founder, Jack Firestone, is an active member of the Financial Planning Association and is a Certified Financial Planner.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Fuster Financial Group logo
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Fuster Financial Group

6625 Miami Lakes Drive, Miami Lakes, FL 33014
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Fuster Financial Group is a financial advisory firm located in Miami Lakes and serving Hialeah and the surrounding communities. Clients receive comprehensive retirement planning strategies, tax management solutions to reduce tax burdens, estate planning help, risk management analyses, education funding for future generations, and investment planning services. Business owners can consult with the firm regarding their employee benefits packages. The company is run by Pastor Fuster Jr., a professional wealth advisor with more than a decade of industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Genesis Wealth Management, Inc. logo
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Genesis Wealth Management, Inc.

2525 Ponce de Leon, Coral Gables, FL 33134
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  • Tax Planning

Business Description

Genesis Wealth Management, Inc., offers comprehensive financial planning solutions to individuals, families, business owners, and medical professionals in and around Hialeah. The firm offers a wide variety of long-term, academically based investment strategies and personalized planning services to help clients achieve financial freedom. Some of its services include retirement planning, estate planning, investment planning, and insurance. The firm's president, Mario Yngerto, is a Certified Financial Planner and has been featured on financial publications such as Investment Advisor, Financial Planning Magazine, and People Magazine.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
MAXIMAI Investment Partners logo
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MAXIMAI Investment Partners

500 S. Dixie Highway Suite 301, Coral Gables, FL 33146, FL 33146
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  • Certified Financial Planner (CFP)

Business Description

MAXIMAI Investment Partners is an advisory firm serving Hialeah and surrounding communities. It assists individuals in a wide range of aspects, including wealth structure, asset consolidation, investment strategy, family planning, and administrative management. Its team of professionals updates clients about market trends and promotes independence in making well-informed financial decisions. The firm's founder, Lisa van Walleghem, has 30 years of experience advising ultra-high-net-worth clients about wealth management. She supports the Centro Mater Foundation that helps children from economically disadvantaged families.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Premia Global Advisors logo
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Premia Global Advisors

2600 Douglas Road, Coral Gables, FL 33134
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Business Description

Premia Global Advisors is a wealth advisory firm that offers is services in investment portfolios. The firm's main services are managing assets and investments for both individuals and institutional clients. Founding Partner Miguel Sosa worked for over 30 years at Merrill Lynch, where he served in the Advisory Council to Management from 2002 to 2005. In 2017, Sosa was a panelist on the Managing Investments in a Volatile, Low-Yield Environment session at the Global Private Wealth Summit.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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The Henderson Financial Group logo
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The Henderson Financial Group

5793 Northwest 151st Street, Hialeah, FL 33014
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  • Retirement Planning

Business Description

The Henderson Financial Group is a financial planning company that serves clients in the Hialeah metro. It offers various planning services, like tax, retirement, insurance, and small business planning. The company likewise assists clients through investment management solutions and advises them on stocks, mutual funds, bonds, and alternative investments. Its founder, Robert Henderson Jr., has more than three decades of experience in finance and is the author of "The New Underground Railroad: Breaking The Chains of Economic Bondage."

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (21)
Google
5.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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