Best Financial Planning Firms

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Financial planning, crucial for comprehensive evaluation of an investor’s current and future financial state by using the variables that were already known to predict the future. When I say the future, I mean terms like cash flow, withdrawal plans, tax planning and preparation, asset values, etc.

If you want to develop a financial plan, you will need a financial planner (obviously). Financial planners use their narrow specializations to help you the best they can with your current net worth, tax preparation, retirement plans and so on. In a nutshell, they help you build you achieve your financial objectives that can be realized in the future.

Unfortunately, there is no specific template for a financial plan, but fear not. Most, if not all financial planners have the knowledge and experience to achieve your financial goals. Do not forget that financial plans should be fluid, clear to understand, filled with occasional updates and realistic.

Of course, to find a proper financial planner, you will need to find the best financial planning firms around.

Best of: financial planning firms

I will try to present you with the best financial planning firms there. Of course, when talking about financial planning firms, there are various possible ways that they charge their clients. I will put my focus on fee-only financial planning companies as I believe they are the most “fair” when it comes to billing structure.

Moreover, the bigger the companies grows, more problems it will have because future clients with very deep pockets will be interested. Although this brings money, it brings risk as well.

1. Creative planning

  • Main address: 3400 College Blvd., Leawood, KS 66211
  • Main phone number: 913-338-2727
  • Their website: www.thinkingbeyond.com
  • Years spent in business: 31
  • Assets under management: $10,005,258,748
  • Number of clients: More than 100
  • Average client’s account size: $364,969
  • Average growth over 5 years: 58.5%

2. Wescott Financial Advisory Group, LLC

  • Main address: 30 S. 17th St., Philadelphia, PA 19103-4196
  • Main phone number: 215-979-1600
  • Their website: www.wescott.com
  • Years spent in business: 27
  • Assets under management: $1,820,089,800
  • Number of clients: More than 100
  • Average client’s account size: $4,417,694
  • Average growth over 5 years: 13.3%

3. Halbert Hargrove

  • Main address: 111 W. Ocean Blvd., Suite 2300, Long Beach, CA 90802-908
  • Main phone number: 562-435-5657
  • Their website: www.halberthargrove.com
  • Years spent in business: 26
  • Assets under management: $3,974,640,007
  • Number of clients: More than 100
  • Average client’s account size: $1,277,608
  • Average growth over 5 years: 29.7%

4. Burt Wealth Advisors

  • Main address: 6010 Executive Blvd., Suite 900, Rockville, MD 20852
  • Main phone number: 301-770-9880
  • Their website: www.burtwealthadvisors.com
  • Years spent in business: 29
  • Assets under management: $500,927,891
  • Number of clients: More than 100
  • Average client’s account size: $530,644
  • Average growth over 5 years: 12.3%

5. Point View Wealth Management, Inc.

  • Main address: 382 Springfield Ave., Suite 208, Summit, NJ 07901
  • Main phone number: 908-598-1717
  • Their website: www.ptview.com
  • Years spent in business: 21
  • Assets under management: $179,440,685
  • Number of clients: More than 100
  • Average client’s account size: $449,726
  • Average growth over 5 years: 21.4%

6. Adams Hall Wealth Advisors, LLC

  • Main address: 4200 W. 115th St., Leawood, KS 66211
  • Main phone number: 913-647-9700
  • Their website: www.adamshall.com
  • Years spent in business: 18
  • Assets under management: $2,107,842,459
  • Number of clients: More than 100
  • Average client’s account size: $1,586,036
  • Average growth over 5 years: 19.8%

7. Silveroak Wealth Management, LLC

  • Main address: 7650 Edinborough Way, Edina, MN 55435
  • Main phone number: 952-896-5700
  • Their website: www.silveroakwealth.com
  • Years spent in business: 13
  • Assets under management: $489,730,390
  • Number of clients: More than 100
  • Average client’s account size: $625,454
  • Average growth over 5 years: 23.8%

10. Regency Investment Advisors, Inc.

  • Main address: 1312 W. Herndon Ave., Suite 101, Fresno, CA 93711
  • Main phone number: 559-438-2640
  • Their website: www.regencyinvests.com
  • Years spent in business: 21
  • Assets under management: $273,962,156
  • Number of clients: More than 100
  • Average client’s account size: $287,775
  • Average growth over 5 years: 16.2%

11. Foster Group, Inc.

  • Main address: 1001 Grand Ave., West Des Moines, IA 50265-3502
  • Main phone number: 515-226-9000
  • Their website: www.fostergrp.com
  • Years spent in business: 23
  • Assets under management: $1,455,992,136
  • Number of clients: More than 100
  • Average client’s account size: $514,849
  • Average growth over 5 years: 15.5%

12. Jones Barclay Boston & Co.

  • Main address: 31275 Northwestern Hwy., Suite 145, Farmington Hills, MI 48334
  • Main phone number: 248-932-5200
  • Their website: www.bloomassetmanagement.com
  • Years spent in business: 19
  • Assets under management: $1,029,126,501
  • Number of clients: More than 100
  • Average client’s account size: $242,147
  • Average growth over 5 years: 15%

13. SMF Financial Advisors, LLC

  • Main address: 855 Valley Rd., Clifton, NJ 07013
  • Main phone number: 973-472-6250
  • Their website: www.smfadvisors.com
  • Years spent in business: 6
  • Assets under management: $552,480,785
  • Number of clients: More than 100
  • Average client’s account size: $449,171
  • Average growth over 5 years: 32.6%

14. Carl Domino, Inc.

  • Main address: 515 N. Flagler Dr., Suite 808 Northbridge Centre, West Palm Beach, FL 33401
  • Main phone number: 561-833-2882
  • Their website: www.carldomino.com
  • Years spent in business: 10
  • Assets under management: $282,405,659
  • Number of clients: More than 100
  • Average client’s account size: $739,282
  • Average growth over 5 years: 11.1%

15. Jackson Thornton Asset Management, LLC

  • Main address: 200 Commerce St., Montgomery, AL 36104
  • Main phone number: 334-834-7660
  • Their website: www.jt-am.com
  • Years spent in business: 12
  • Assets under management: $777,537,606
  • Number of clients: More than 100
  • Average client’s account size: $623,527
  • Average growth over 5 years: 13.8%

16. Segall Bryant & Hamill

  • Main address: 10 S. Wacker Dr., Suite 3500, Chicago, IL 60606-7407
  • Main phone number: 312-474-1222
  • Their website: www.sbhic.com
  • Years spent in business: 20
  • Assets under management: $9,468,095,251
  • Number of clients: More than 100
  • Average client’s account size: $3,517,123
  • Average growth over 5 years: 18.3%

17. BKD Wealth Advisors, LLC

  • Main address: 910 E Saint Louis St., Suite 200, Springfield, MO 65806
  • Main phone number: 417-866-5822
  • Their website: www.bkd.com
  • Years spent in business: 15
  • Assets under management: $1,975,748,004
  • Number of clients: More than 100
  • Average client’s account size: $639,608
  • Average growth over 5 years: 12.1%

18. Jones Barclay Boston & Co.

  • Main address: 1718 Gaylord St., Denver, CO 80206
  • Main phone number: 303-592-4282
  • Their website: www.jb2.net
  • Years spent in business: 20
  • Assets under management: $307,163,316
  • Number of clients: More than 100
  • Average client’s account size: $529,592
  • Average growth over 5 years: 16.5%

19. Financial Designs Corp.

  • Main address: 540 W Baseline Rd., Suite 10, Claremont, CA 91711
  • Main phone number: 909-626-1642
  • Their website: www.financialdesignscorp.com
  • Years spent in business: 19
  • Assets under management: $266,108,000
  • Number of clients: More than 100
  • Average client’s account size: $251,520
  • Average growth over 5 years: 17%

20. CPS Investment Advisors

  • Main address: 1509 S. Florida Ave., Lakeland, FL 33803
  • Main phone number: 863-688-1725
  • Their website: www.cpalliance.com
  • Years spent in business: 25
  • Assets under management: $754,833,046
  • Number of clients: More than 100
  • Average client’s account size: $272,700
  • Average growth over 5 years: 17.2%

Source: most of the data was pulled from this article. If you scroll down to their page you will see the methodology used in this segmentation. I have just reordered them based on my subjective feelings.

Alternatives to financial planning firms

Say you have a certified public accountant who is calculating your incomes taxes on a regular basis. You know him for a long time. Suddenly he tries to sell you some of his financial planning services.

It might even seem like a good idea to hire him as he is already doing your taxes. You have to think about this. To become either a CPA or CFP you need to have a master degree in economics. They also take different sort of tests, if they want to become CPAs or CFPs.

Accountants see the tax season a client hunting season because the logic is flawless actually. If a family needs the services of a public accountant and if they manage enough assets, it would be best for them to hire him as an advisor as well.

Despite their best intentions, lots of small accounting companies simply do not have enough staff to dedicate them to financial planning. Actually, the whole profession is experiencing a talent crunch, a lot of accountant companies can not even hire enough accountants or even financial planner.

In my personal opinion, it would best if you contact one of the bigger companies on this list if your net worth is high enough simply because a small company will not be able to handle your financial goals.

And to sum it all up, if you really need to check on someone, you use this web page. It helps you find Certified Public Accountants with the PFS credential.

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