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Best Financial Advisors in West Palm Beach

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

West Palm Beach, FL
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

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.
4.0
Yelp
4.0 / 5 (4)

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
––

Price: Free consultation

Agnello Financial Group, Inc. logo
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Agnello Financial Group, Inc.

712 North Olive Avenue, West Palm Beach, FL 33401
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  • Financial Planning

Business Description

Agnello Financial Group, Inc., is a family-owned firm that has been helping individuals in West Palm Beach reach their financial goals for over 30 years. It aims to understand each client's specific needs and long-term goals through discussions and questionnaires. It also educates clients about the potential risks and returns of their investments. It specializes in financial planning, investment advisory and monitoring, and insurance planning. Founder Michael H. Agnello is a former vice president of Glendale Federal Bank.

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.
4.0
Google
4.0 / 5 (4)

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
Anchor Wealth Management Group logo
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Anchor Wealth Management Group

120 S Olive Ave, #400 West, Palm Beach, FL 33401
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  • Certified Financial Planner (CFP)

Business Description

The Anchor Wealth Management Group provides financial planning services to individuals, families, and business owners around West Palm Beach. Its investment philosophy revolves around allocating an investor's assets along with their objectives, circumstances, attitudes, and risk-taking capacity. CEO Kasia Marczyk is a Certified Financial Planner and a Chartered Retirement Planning Counselor who worked as an advanced financial advisor for Ameriprise Financial Services, Inc. She was a recipient of the JW Cole Elite Advisor Award from 2016 to 2018.

Coastal Way Financial Group, LLC logo
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Coastal Way Financial Group, LLC

900 N Olive Avenue, West Palm Beach, FL 33401
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  • Estate Planning
  • Financial Planning
  • Wealth Management

Business Description

Coastal Way Financial Group, LLC, advises individuals, businesses, and local government offices in West Palm Beach about investment and management. Its advisors offer information on how to maintain their lifestyle in retirement in a tax-efficient manner. In addition, they educate clients about accounts and methods to save up for college, plan social security, and deal with tax issues. Managing partner Andrew L. Kleinman, who holds a 65 securities license, has been in the business for the past 17 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.
4.5
Google
4.5 / 5 (5)
Financial Planning Investment Group logo
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Financial Planning Investment Group

1615 Forum Place Suite 1A, West Palm Beach, FL 33401
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  • Finance Planning

Business Description

Financial Planning Investment Group is a firm that serves the West Palm Beach area. It assesses its clients’ financial situation and uses the gathered data in creating plans to help them achieve their financial goals. These include charitable gifting, college funding, retirement preparation, wealth preservation, tax reduction, and creditor protection. It advises on strategies related to estate disbursement and investments. It also helps in constructing portfolios and reviewing them regularly for rebalancing or adjustments.

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
Hamilton Capital logo
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Hamilton Capital

240 Royal Palm Way, Suite 205, Palm Beach, FL 33480
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  • Certified Financial Planner (CFP)

Business Description

Hamilton Capital is a wealth management firm that serves individuals, organizations, and families in West Palm Beach metro. It offers financial planning and wealth management services to a diverse set of clients, including wealth builders, the emerging affluent, and retirees. With over two billion dollars in assets managed, the firm extends its investment management services to public and private foundations and corporations. It was listed in the Financial Times 300, a national compilation of elite independent financial advisers, from 2017 to 2020.

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
HBKS Wealth Advisors logo
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HBKS Wealth Advisors

360 S Rosemary Avenue, Suite 1010, West Palm Beach, FL 33401
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  • Financial Planning

Business Description

Since 2001, HBKS Wealth Advisors has been serving clients across West Palm Beach. It builds a comprehensive financial plan for individuals that touches on various aspects, including income protection and wealth preservation. The company also educates clients on their projected tax liability. It offers audit and accounting services for business owners. Christopher Allegretti, the company's CEO, has over three decades of financial management experience. He served as an advisory board member at the First National Bank.

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
MAR Wealth Management logo
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MAR Wealth Management

500 South Australian Ave Suite 600, West Palm Beach, FL L 33401
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  • Finance Planning

Business Description

MAR Wealth Management Services, LLC, manages investments and finances in the West Palm Beach area. Its advisors use a thorough approach in providing customized portfolio management and financial planning. They also collaborate with other professionals to assist clients in achieving their financial objectives. Trust and tax planning, wealth transfer, private banking, and liability management are among the firm's various services. Maricela A. Ramos, the firm's president, has over 30 years of financial services experience. She is a Certified Financial Planner.

PDS Wealth Management logo
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PDS Wealth Management

230 Royal Palm Way, Palm Beach, FL 33480
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

PDS Wealth Management is a private wealth management practice that assists families, individuals, and institutions in West Palm Beach. The company offers services that help keep clients financially secure through risk management and investment strategies. Its professional advisors design retirement strategies emphasizing income distribution needs and long-term goals. Tommy Parker, a director of PDS Wealth Management, has more than 10 years of industry experience. He is a Certified Financial Analyst and previously served at Merrill Lynch as a Financial Advisor.

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
Riverside Wealth Management logo
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Riverside Wealth Management

777 South Flagler Drive, West Tower, Suite 800, West Palm Beach, FL 33401
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  • Estate Planning
  • Wealth Management
  • Investment Advisor

Business Description

Riverside Wealth Management is a firm serving West Palm Beach. Its services focus exclusively on women and couples. It assists clients in developing plans that help them address financial needs beyond investments, including estate and trust planning, insurance, healthcare and Social Security, and tax management. Other services cover charitable giving and legacy planning. Prior the firm's founding, its owner Karla Rossetti Pippins worked as a management consultant at Accenture. She is a recipient of the Women’s Choice Award for Financial Advisors.

Schmedes McAllister & Associates logo
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Schmedes McAllister & Associates

515 N. Flagler Dr. P300, West Palm Beach, FL 33401
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  • Estate Planning

Business Description

Schmedes McAllister & Associates provides various financial-related solutions in the West Palm Beach metro and nearby areas. It accommodates individuals who need financial planning and tax services. The company also serves businesses and corporations seeking guidance on matters related to tax problems, business planning, and financial strategies. Its financial advisors also offer QuickBooks setup and daily bookkeeping services. In addition, they handle business consulting and wealth management. Schmedes McAllister & Associates has been operating since 2018.

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 (11)
Facebook
5.0 / 5 (8)

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
The Pingleton Group logo
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The Pingleton Group

222 Lakeview Avenue Suite 1300, West Palm Beach, FL 33401
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  • Certified Financial Planner (CFP)

Business Description

The Pingleton Group is a company serving the West Palm Beach area. Its wealth management team aims to be the go-to source for financial advice. Merrill Lynch Investment Advisory Program (IAP), retirement accounts, and preferred rewards for wealth management are among the financial solutions the company offers. It also provides 24/7 monitoring, with services that include activity notifications, a secure message center, Mobile Easy Sign, and fraud prevention. The firm has the most advisors on Barron's Top 1,200 Financial Advisors list for 2021.

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 (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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Turning Point Financial logo
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Turning Point Financial

250 S Australian Ave Unit 1601, West Palm Beach, FL 33401
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  • Certified Financial Planner (CFP)
  • Finance Planning

Business Description

Turning Point Financial provides services to clients in West Palm Beach and nearby communities. It assists individuals in managing their wealth by offering investment advisory services involving monitoring and building portfolios. In addition to portfolios, the company gives clients online access to review their monthly statements, account balances, detailed transaction records, and performance reports. Turning Point Financial is also available for disability income, life insurance, and long-term care planning services. One of its team members, Art Blick, has been in the financial services industry since 1982.

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
Ulin & Co. Wealth Management logo
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Ulin & Co. Wealth Management

301 Yamato Road Suite 3150, Boca Raton, FL 33431
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning
  • Wealth Management

Business Description

Ulin & Co. Wealth Management serves the financial planning needs of families, individuals, and retirees in West Palm Beach and the neighboring areas. The company provides comprehensive and custom-made wealth management and financial planning solutions, such as retirement planning, insurance review and analysis, investment management, and Social Security planning. It also provides assistance with college funding, inheritance strategies, and health care planning. Managing Principal Jon W. Ulin, CFP, is affiliated with the Financial Planning Association. He has been featured on national news outlets like CNBC, US News & World Report, and NY Post.

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
WELLth logo
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WELLth

4521 PGA Boulevard, #225, Palm Beach Gardens, FL 33418
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  • Financial Planning

Business Description

WELLth is a financial planning partner for professionals and families residing in West Palm Beach. It guides clients in managing their finances through budgeting and debt optimization, and offers financial strategies like investing and employee benefits planning. Its professional advisors assist in maximizing earnings and assets with their tax and retirement planning strategies. WELLth's founder Christopher Diodato is a Certified Financial Planner and a Chartered Financial Analyst. He has received recognition from the CMT Association for his research on identifying major stock market bottoms.

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 (2)

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
Back to Providers

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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