Top Financial Advisors in Jacksonville, FL

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Jacksonville Wealth Management (JWM) is the top-rated financial advisor firm in Jacksonville, according to SmartAsset's metrics. This fee-based firm offers portfolio management and financial planning to individuals, high-net-worth individuals and business entities.

As a fee-based firm, its advisors may earn commissions for the sale of certain securities and/or insurance policies. This is distinct from a fee-only firm, whose advisors do not receive transaction-based compensation. While a fee-based structure can create a potential conflict of interest, the firm is legally bound to a fiduciary duty to put the needs of the client first. Unlike many other firms, though, there is no required minimum amount to open an account with JWM. 

The firm was founded in 2013 by Daniel Ciez, who serves as the president and owner today. The firm has advisors who collectively manage more than $400 million in assets and hold the Certified Financial Planner™ (CFP®) designation.

The firm helps clients with investment strategy, asset allocation, retirement and college planning, tax considerations, insurance needs and debt/credit planning. Services are offered through both non-wrap and grandfathered wrap programs, including access to a broad array of investment products.

Jacksonville Wealth Management employs a long-term investment strategy grounded in modern portfolio theory, fundamental analysis and technical analysis. Portfolios are designed based on each client’s goals, risk tolerance and time horizon, and typically include a mix of mutual funds, ETFs, equities, fixed income securities, unit investment trusts and fee-based variable annuities. The firm emphasizes diversification and prudent asset allocation to manage risk and align with each client’s objectives.

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Sanchez Wealth Management Group also has a fee-based structure. The firm’s advisors may earn commissions from selling certain insurance products and for trading certain securities. This may present a conflict of interest, but the firm is a fiduciary and must act in the clients' best interests.

Founded in 2010, Sanchez has an account minimum of $100,000. The majority of the firm's clients are non-high-net-worth individuals. However, the firm does work with those who are high-net-worth individuals as well as corporations and pension and profit-sharing plans. Like most firms on this list, Sanchez has a small team that holds several professional credentials, including the Certified Financial Planner™ (CFP®), accredited investment fiduciary (AIF) and certified fund specialist (CFS) designations.

This firm offers advisory and consulting services and focuses primarily on wealth management and financial planning. More specifically, the latter can cover planning for retirement, insurance, taxes and estates.

Sanchez Wealth Management employs a mix of strategic, tactical and unconstrained investment strategies guided by a top-down macroeconomic outlook over a three- to five-year horizon. Portfolios may include equities, mutual funds, ETFs, real estate investment trusts (REITs), fixed income, options, private placements, structured products and alternative investments. Sanchez uses model portfolios aligned to clients' objectives, reallocating as needed, and may also implement hedging and defensive cash positions during high volatility.

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Douglas Capital Management is a fee-only advisory firm offering asset management and investment consulting services. As a fee-only firm, none of its advisors receive commissions on the sale of securities. There is no required account minimum to get started with the firm, making it an accessible option for a variety of clients.

Founded in 1974, the firm is the oldeset practice on this list. Douglas Capital Management works with high-net-worth individuals, non-high-net-worth individuals, corporations, profit-sharing accounts, association accounts and trusts. At least of the advisors on staff holds the Certified Financial Planner™ (CFP®) credential. 

The firm's investment strategy involves both actively managed accounts, passively managed accounts and blended accounts. The active accounts focus on fairly liquid securities in an attempt to equal market risk. The firm is not considered a high-frequency trader though. Passive accounts tend to be invested with mutual funds and ETFs according to the firm's asset allocation models. A blended account has a combination of those two investment strategies. 

The firm notes in its Form ADV brochure that it does not provide tax advice or estate planning services and refers clients to appropriate professionals for those needs.

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Most firms will charge you an advisory fee that's based on a percentage of your assets under management, but Life Planning Partners is not one of them. Instead, the firm charges a minimum fee of $2,500 per quarter, meaning you'll pay at least $10,000 in fixed fees per year. Your specific rate will ultimately depend on the complexity of your financial needs, though. The firm also charges hourly fees for consulting services. 

The team at Life Planning Partners includes several Certified Financial Planners™ (CFPs®), one of whom is also a certified financial therapy (CFT) practitioner. While the firm does charge a minimum annual fee, it does not impose a minimum account size requirement. The firm's clients are mostly individuals and high-net-worth individuals, although it also offers services to corporations, charities, trusts, estates, pension plans and profit-sharing plans.

President and principal owner Carolyn McClanahan was a doctor prior to opening this fee-only firm in 2004. Since entering the financial sector, McClanahan has been recognized for her work as an advisor by The Wall Street Journal and Kiplinger’s and has appeared on NPR and CNBC.

Life Planning Partners offers financial planning centered around retirement and other important life events. For example, the firm will create specific plans for clients who are working to achieve financial independence, transitioning to a new job, attempting to diversify their assets or caring for an elderly family member.

Life Planning Partners says it uses current academic research, empirical data and "everyday common sense" to make investment decisions. Your advisor will then incorporate risk into the equation, considering both inflation and market risk, which takes into account both the long-term and short-term.

The firm primarily uses exchange-traded funds (ETFs), mutual funds and bonds in client portfolios. It believes that these investment types are the cheapest and most tax-efficient, which it says help minimize costs that might otherwise dampen your returns.

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TrustWell Financial Advisors is a fee-only firm that works with both high-net-worth individuals and non-high-net-worth individuals. The firm's clients are primarily individuals, couples, and their family members. It also serves corporations, small businesses, small business owners, foundations, endowments, trusts, guardianships, estates, family offices and other fiduciaries.

Multiple advisors at TrustWell Financial Advisors hold the Certified Financial Planner™ (CFP®) designation. The firm generally requires a minimum of $100,000 to open an account but reserves the right to waive this minimum.

The firm began operations in 1987 as D. Gary Williams & Company, a sole proprietor. In 2007, it organized our practice as a Florida LLC and transitioned services to that entity in 2008. Today, the firm offers clients financial planning and asset management services. Specifically, the firm uses a five-step financial planning process for help clients set and pursue financial goals. 

When it comes to investing, TrustWell seeks to diversify portfolios across multiple asset classes, not just within a particular asset class. For stock portions of a portfolio, the firm may use mutual funds and exchange-traded funds (ETFs), but may also use individual stocks. For bond portions, it usually uses bond mutual funds, bond fund ETFs, individual bonds or some combination. For other portions, it may use mutual funds, ETFs, individual CDs, hedge funds, closed-end funds, separately managed accounts or other types of investments.

The firm also uses fundamental, technical and/or cyclical analysis to as guides in developing its investment strategies. 

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Madden Advisory Services minimum varies by account type. The fee-only firm requires a $250,000 minimum for a wealth management account and a significantly lower $5,000 minimum for an asset management account. Wealth management takes a broader view of your finances than asset management, which is largely limited to your investments. The majority of the firm’s clients are non-high-net-worth individuals.

Harry Madden founded Madden Advisory Services in 1998. Although Madden passed away in 2020, the firm’s current team comprises several credentialed professionals, advisors who have earned the Certified Financial Planner™ (CFP®) and chartered retirement planning counselor (CRPC) designations

The firm's service options include the F.O.C.U.S. Wealth Management program for tailored portfolio management, the online-based S.A.I.L. Asset Management programs using ETFs and mutual funds, and pension plan services for plan sponsors and participants.

The F.O.C.U.S. wealth management program is the more traditional side of this firm’s business. This program uses your stated investment goals and financial needs to formulate a portfolio focused on achieving your long-term objectives. Your advisor will monitor your account and rebalance it as needed.

The firm’s other option is S.A.I.L. asset management, a robo-advisor that’s accessible through an online platform run by Charles Schwab. This program’s portfolios are almost totally centered around the use of ETFs and index funds, which are chosen based on an online questionnaire you fill out to determine your risk tolerance.

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Riverplace Capital Management is a fee-only firm that has been in business since 1998. You’ll need at least $100,000 to open an account with this firm. Riverplace Capital Management’s typical clients include individuals, trusts, estates, businesses, state or municipal government entities and pension and profit-sharing plans. 

This firm offers a variety of financial management services, including:

• Financial problem identification
• Retirement planning
• Insurance review
• Tax planning
• Cash flow management
• Investment management
• Education funding
• Estate planning

Riverplace Capital Management primarily uses dynamic asset allocation. The firm is continually building a watch list of the investments it believes are most suitable for its clients. It then actively tries to anticipate where the market is headed, and therefore what investments should be a part of its watch list in the near or distant future. The firm will consistently refresh its current watch list to ensure that stagnation doesn’t settle in.

When deciding how to put together your portfolio, this firm will take this list and implement the investments that it feels are in line with your goals and risk tolerance. In other words, the exact investment types that are utilized will vary depending on your objectives.

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Davis Capital Management is a fee-only advisor that specializes in retirement planning, long-term care planning, investment management, tax planning, estate planning, insurance planning and more services. The firm typically works with individuals, high-net-worth individuals, trusts, estates, banks, endowments, foundations, corporations, pensions, profit-sharing plans and more. The firm typically works with clients who have at least $500,000 in assets. 

Davis Capital Management was founded in 2008. Today, it has a small advisory team that includes two Certified Financial Planners™ (CFPs®). 

Davis Capital Management builds client portfolios with a strong focus on capital preservation and risk management. Their investment approach combines top-down macroeconomic analysis for sector allocation with bottom-up fundamental and technical analysis for selecting individual securities. Portfolios typically include large-cap equities, bonds, ETFs, mutual funds and alternative investments, and are diversified to reduce risk.

Equity portfolios generally hold 35 to 45 positions, while ETF-based portfolios have fewer due to their inherent diversification. Portfolio construction is tailored to each client's financial goals and risk tolerance.  

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IMG Wealth Management is a fee-based advisory firm that mainly works with individuals below the high-net-worth threshold. The firm, which has a $250,000 minimum account size requirement, also serves a relatively small number of high-net-worth individuals.

IMG's suite of services include discretionary and non-discretionary portfolio management, as well as financial planning and consulting. The latter services may encompass retirement, tax, estate, cash flow and college planning. The firm also conducts educational workshops and seminars to inform the public about investment-related topics.

IMG has a small team that includes advisors and analysts who hold the Certified Financial Planner™ (CFP®) and chartered financial analyst (CFA) designations. However, advisors may earn additional compensation for selling securities to advisory clients, which constitutes a conflict of interest. Despite this conflict, the firm has a fiduciary duty to act in clients best interests. 

The firm constructs client portfolios based on individual goals, risk tolerance and time horizons. Its investment approach includes fundamental, technical and macroeconomic analysis, with a focus on long-term strategies unless otherwise stated. Portfolios may include individual stocks, bonds, mutual funds and ETFs, and are tailored through an investment policy statement developed with each client.

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CovingtonAlsina rounds out our list of the top financial advisors in Jacksonville. Founded in 2016, this fee-based firm specializes in working with female clients. The vast majority of CovingtonAlsina's client base is made up of individuals without a high net worth, although the firm does work with dozens of high-net-worth individuals, as well. Unlike many other firms, there is no set minimum account size requirement to become a client. 

The firm, which was initially formed in Maryland, has offices in Jacksonville and Annapolis, Maryland. Its team includes several Certified Financial Planners™ (CFPs®). Advisors hold several other financial credentials as well. 

Advisors on staff may ean commissions for selling insurance products to advisory clients, which means they have a financial incentive to make certain recommendations over others. While this is a conflict of interest, the firm has a fiduciary duty to always act in clients' best interests. 

As for advisory services, the firm offers portfolio management, financial planning, pension consulting and ongoing financial coaching. The firm creates individualized investment policy statements, manages client portfolios on a discretionary basis, and provides guidance on retirement plans and insurance needs. It also conducts educational workshops and may recommend third-party investment managers.

When it comes to investing clients' assets, the firm employs fundamental analysis and modern portfolio theory to guide investment decisions, focusing on long- and short-term trading strategies. Client portfolios may include mutual funds, equities, fixed income, ETFs (including commodities and precious metals), REITs, annuities, hedge funds, private equity, venture capital, digital assets, and foreign securities. Portfolios are tailored to each client’s risk tolerance and goals, with diversification as a central principle.