Top 10 Best Financial Advisors in America

The best financial advisors in America are hard to come by, but fortunately for investors, there are a few firms that stand out among the thousands of companies offering investment advice. Wells Fargo, Merrill Lynch, Mercer Global Advisors, and Fort Washington Investment Advisors are some of the more well-known financial advisory firms. However, there are many other firms out there as well. Below are some of the best in the business.

Wells Fargo

Wells Fargo offers an entire range of financial services, including investment management, retirement planning, and college savings plans. The company also offers an independent investment account, as well as access to a dedicated financial advisor. Unlike other financial institutions, Wells Fargo’s financial advisors are not FDIC-insured, meaning that the money in your account isn’t guaranteed to return the same amount it was invested in when you opened it.

Wells Fargo Advisors are paid a fee, typically between 2% and 2.50% of your assets under management. Although this is higher than industry rates, this is still much less than the average of 0.5% to 1.25%. The fees also depend on the type of investment product you choose. Some advisors earn commissions on securities, while others may make money off insurance products. These fees are typically higher than industry averages, so consider that your financial advisor may have an incentive to make certain recommendations.

Merrill Lynch

Whether you’re a first-time investor or a seasoned investor, a Merrill Lynch advisor can help you make the right financial decisions for your needs. The largest financial advisor firm in the world, Merrill Lynch employs thousands of brokers and investment advisors. There’s no one-size-fits-all philosophy with Merrill Lynch, so they offer an extensive range of investment tools and strategies. The advisors will ask you about your time frame, risk tolerance, and liquidity needs before recommending a suitable asset class.

The Merrill Edge investment account is the latest addition to the Merrill Lynch portfolio. Designed to give you more control over your investments, Merrill Edge offers self-directed online investing and a wide range of other financial products. It is available in every state and some U.S. territories, and it is widely regarded as one of the best financial advisors in the country. Merrill Edge is a unique electronic trading platform that makes personal investment advice accessible to anyone who wants it.

Mercer Global Advisors Top 10 Best Financial Advisors in America

Mercer Global is a multidisciplinary registered investment advisor and total wealth management firm. Its roster includes CFPs, CPAs, and CFAs. Services offered by the firm include portfolio management, financial planning, estate planning, and retirement planning. Its website lists financial education resources, including a podcast called “The Science of Economic Freedom.” There are also female advisors.

Mercer Global is an independent wealth management firm that specializes in financial planning, retirement planning, estate and tax preparation. Its services are offered through its nationwide network of offices. Fees vary. Depending on your needs, the firm provides customized financial plans for your goals and objectives. Mercer has offices all across the U.S., and its fee structures are competitive and reasonable.

Fort Washington Investment Advisors

The team at Fort Washington Investment Advisors is composed of experts with numerous designations. These professionals include chartered financial analysts (CFAs), certified financial planners (CFPs), chartered alternative investment analysts [CAIAs], and certified investment management analysts [CIMAs].

The Fort Washington Investment Advisors specialize in a variety of strategies, including equity, fixed income, and insurance. They may recommend active or passive investments, as well as insurance products. Their clients may also benefit from written financial plans. To become a client of Fort Washington Investment Advisors, you must invest at least $500k. Institutional clients may have varying minimums. They can be found at secondary locations in San Francisco, Albany, and Beachwood.

CAPTRUST Top 10 Best Financial Advisors in America

CAPTRUST is a financial advisory firm located in Raleigh, NC that specializes in investment and retirement plan services for high-net-worth individuals. The firm is owned by James Fielding Miller, who indirectly owns 40% of CAPTRUST. The firm’s advisory team is comprised of a number of certified public accountants and accredited investment fiduciaries, as well as chartered financial analysts, planners, and consultants.

Founded in 1863, Davenport & Company is the oldest employee-owned independent financial services firm in the United States. With over four hundred employees and advisor offices in all 50 states, it provides personalized financial planning and investment solutions. Brubaker began his career in the financial services industry in 2000 and holds a Bachelor of Business Administration from the University of Texas. During his tenure with the company, he has helped clients build a portfolio worth over $1 trillion.

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