Need help managing your finances in Miami? Benzinga readers often choose SmartAsset and Corient as the best financial advisors in Miami.
Finding the best financial advisor is challenging because your finances are unlike anyone else’s. To help make the process simple, Benzinga put together a list of the leading financial advisors in Miami. Scroll through the list to find one that best fits your needs based on its features, pros and location.
Quick Look: Best Financial Advisors in Miami
- Best for Getting Paired with an Advisor: SmartAsset Advisors
- Best for Nationwide Advisors: Corient
- Best for Retirement Planning: GenTrust
- Best for Business Owners: EisnerAmper Wealth Management and Corporate Benefits
- Best for Retirees or Those Close to Retirement: Silverman Financial
- Best for Tax-Efficient Investing: MAS Advisors
- Best for Debt Elimination: Modern Money Advisor
- Best for Access to International Funds: Finaccess Advisors
- Best for High-Net-Worth Individuals: Alvarium Investment Advisors
- Best for Retirement Plan Analysis: Barnett Capital Advisors
Top 10 Financial Advisors in Miami
Find a listing of the best financial advisors in Miami to get investment strategies, tax advice, estate planning and more.
1. Best for Getting Paired with an Advisor: SmartAsset Advisors
Using its proprietary algorithm, SmartAsset Advisors can pair you with a financial advisor with just a 10-minute questionnaire. The questions include information about your investable assets, preferences, communication requirements and more. On the final page, you’ll see the top two to three results based on your answers so you can reach out and get more information from the advisor directly. Skip the part where you scour the internet or send text messages to your acquaintances and go right to interviewing leading financial advisors.
Pros
- Within 10 minutes, you’ll know the top professionals in your area based on your unique needs
- Customized results guide better decision-making
- Still provides options to allow you to decide what’s best for you
Cons
- System users can get several calls from advisors in their area after completing the questionnaire
- You’ll need to use your web browser as there is no mobile app
2. Best for Nationwide Advisors: Corient
No matter where you live, there’s a Corient advisor near you. In Miami, you’ll find seven financial professionals working from the local office. But if you move or travel frequently for work, there are plenty of other offices to serve you. Corient is the U.S. brand for CI Private Wealth, a large financial firm with locations throughout the world. The name Corient is a combination of the term client-oriented to showcase the firm’s commitment to its clients.
Pros
- Fee-only firm
- Works with people who have varying net worths
- Office locations throughout the country and worldwide
Cons
- Massive company size can be more challenging to navigate
- Lacks hometown feel despite having a Miami office with localized investment know-how
3. Best for Retirement Planning: GenTrust
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Financial planning services
- Selection of other advisers (including private fund managers)
- PROVIDE MODEL PORTFOLIOS
Address
1450 BRICKELL AVENUE SUITE 3050MIAMI FL, 33131
Phone number
305-677-6688
A team of experienced financial advisors came together to create GenTrust with the goal being to provide honest investment advice. Since 2011, honest investment advice has been the reason for the firm, and you’ll see it in your interactions with the team. Its team aims to balance client portfolios by spreading risk. However, the firm only works with high-net-worth individuals.
Pros
- Team includes chartered retirement planning counselors (CRPCs)
- Varied risk through diverse portfolios
- Committed to honest investment advice
Cons
- Must have a $10 million portfolio to work with the firm
- Fee-based firm as some advisors earn commissions on securities and insurance products
4. Best for Business Owners: EisnerAmper Wealth Management and Corporate Benefits
EisnerAmper is a firm committed to helping high-net-worth individuals and business owners grow their wealth in Miami. It includes a suite of comprehensive planning services including estate planning, investment management and asset protection. The firm uses a proprietary process to aid business owners in addressing wealth considerations and preparing for exiting their businesses.
Pros
- Awarded the International Exit Planning Association’s 2021 Excellence in Exit Planning Award
- Comprehensive financial planning services
- Proprietary process for working with business owners of closely held businesses
Cons
- Not available to average individuals without a business or high net worth
- Some services are provided under the Prosperity brand, which can be confusing to clients
5. Best for Retirees or Those Close to Retirement: Silverman Financial
Knowing when you’re ready to retire financially and putting the pieces in place to ensure a comfortable retirement can be daunting. Silverman Financial helps people who are retired or planning to retire soon to ensure that their retirement days are enjoyable. Plan for the life you want in retirement and not just the life you have to have based on your current retirement savings.
Pros
- Designed for those who are retired or nearing retirement
- Handles a variety of retirement vehicles, including life insurance, 401(k) plans, severance benefits, individual retirement account (IRA) analysis and more
Cons
- Solely focused on retirement
- Smaller firm has few advisors and limited resources
6. Best for Tax-efficient Investing: MAS Advisors
MAS Advisors can aid people in building tax-efficient investments. You don’t have to have a high net worth to work with the firm, which is great news for those looking to be the first of their family to build generational wealth. However, you do need $250,000 to get started. While the firm works primarily with individuals, it offers its services to institutional clients as well.
Pros
- Emphasis on tax-efficient investments
- Get started with $250,000 in investable assets
- More than $1 billion in assets under management
Cons
- Services are not as diverse as other financial advisory firms on the list
- Fee-based firm, meaning some advisors earn commissions on transactions
7. Best for Debt Elimination: Modern Money Advisor
Modern Money Advisor involves locals in their money management decisions. It focuses on helping Miami residents eliminate debt to free up their finances to start working for them in building wealth. The firm offers many educational opportunities to involve people in their financial planning and advice.
Pros
- Aids in eliminating debt and then focusing on building wealth
- Offers free courses and worksheets to help Miami residents
- Helps make you an active participant in your wealth-building
Cons
- Some self-led courses might make people overly confident in building personal investment strategies
- Can oversimplify wealth-building for the average person
8. Best for Access to International Investment Funds: Finaccess Advisors
Finaccess Advisors operates in multiple countries, giving it a unique position to advise on 15 funds across Luxembourg, Mexico, Switzerland and Ireland. It is also skilled in creating trusts, analyzing inheritance structures and managing assets.
Pros
- Invest in funds in Luxembourg, Mexico, Switzerland and Ireland
- Certified as an “outstanding company” under the CRESE Norm
- Fee-only financial planner
- Designed for both the wealthy and those who are not high-net-worth
Cons
- Smaller team of less than 10 advisors
- More heavily focused on Mexican businesses and clients
9. Best for High-net-worth Individuals: Alvarium Investment Advisors
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Selection of other advisers (including private fund managers)
Address
1111 BRICKELL AVENUE SUITE 2802MIAMI FL, 33131
Phone number
305.373.8033
People with a high net worth find Alvarium to be a good pairing for their needs. In operation since 2009, the firm provides clients with investment strategies, selections and reporting. Fees are based on a percentage of the assets under management, meaning the advisors make no commissions.
Pros
- Excellent understanding of growing wealth
- Fee-only advisory practice
- Investment strategy adjusts based on a client’s risk tolerance and profile
Cons
- Exclusive to people with millions of dollars to invest
- Accepts a small number of clients
10. Best for Retirement Plan Analysis: Barnett Capital Advisors
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
1428 BRICKELL AVENUE SUITE 500MIAMI FL, 33131
Phone number
305-328-8538
As you grow closer to retirement, you might start to wonder whether you have adequate funds to relax and enjoy retirement the way you hope. Barnett Capital Advisors analyzes retirement plans for both current retirees and those planning to retire. Its services include recommendations based on traditional retirement plans, pension plans, life insurance, certificates of deposit (CDs) and more. It can also assist with health insurance group benefits.
Pros
- Strategic advice for retirees or those planning to retire
- Access to a breadth of retirement products and investment strategies
- Financial planning that analyzes your current situation with ways to get you where you want to be
Cons
- Limited service offering compared to other advisory firms
- You might need an additional financial advisor for investments outside of retirement plans
How to Choose the Best Financial Advisor in Miami
After reviewing the top financial advisors in Miami, you might feel overwhelmed with your options. With so many outstanding professionals to choose from, here’s how to decipher which is best for you.
- Evaluate your finances: Consider what your financial needs are or any special situations you might be dealing with. Make sure your financial advisor can guide you through making those scenarios less complex and ensuring a strong future for you and your successors.
- Decide what type of financial advisor is a good fit: You’ll see many acronyms when reviewing financial advisors in your area. Learn what a fee-only fiduciary financial advisor is and how they don’t earn commissions on their investments. You should also know that investment advisors must register with the U.S. Securities and Exchange Commission (SEC) and stay in good standing.
- See whether a robo-advisor can meet your needs: Some people have more complex finances and can’t consider a robo-advisor. But others need standard investment advice and the lower fees from a robo-advisor are more attractive to them. Robo-advisor accounts can help with setting a specific date you hope to grow your money and then allowing the algorithms to handle the rest.
- Consider your budget for fees: Every advisor has a different fee structure. Look at whether you can afford those fees to find the best advisor based on your budget.
- Look for experience: When evaluating financial advisors, consider how much experience they have. Don’t just look at their years as a financial advisor, but also consider their experience with situations like yours. If they don’t readily provide that information, schedule a meeting to learn more before signing over your accounts for them to manage.
Wealth Management and Advice
Financial advisors in Miami can aid you in managing your wealth and offering advice for the best next steps in your finances. Don’t delay in choosing an ideal advisor because every day you wait is one more day you won’t be growing your wealth or preparing for the next step in life.
About Rebekah Brately
Rebekah Brately is an investment writer passionate about helping people learn more about how to grow their wealth. She has more than 12 years of writing experience, focused on technology, travel, family and finance. Her work has been published in Benzinga, Hearst Bay Area, FreightWaves and Dallas Observer publications.