Are you in search of reliable financial advisors in Naples? There are a lot of people in Florida who keep on searching queries like “best wealth advisors near me” on Google.
Hiring a financial advisor for managing your investments and wealth is a major decision. You are trusting a firm or an individual within a firm with your money and you’ll never want to be wrong with your choice.
But the question is, how to ensure that you are making the right decision and your money is in safe hands? This can be done by educating yourself about the different fee structures of financial advisors and then analyzing how each structure is going to affect your savings or retirement plan in the long run.
Why Do You Need Financial Advice?
You have so many options available when it comes to investing your money. Whether you are going through a career transition or thinking of starting a business, you need a smart financial strategy that can lead you toward success.
In order to make the right decision, a lot of people hire Naples financial planners. The right financial advisor helps them to navigate smoothly through sudden life changes i.e. marriage, divorce, the birth of a child, switching a career, or getting retirement.
Parallel to that, while selling a business, you often need a new approach and point of view to look at things. In this scenario, an expert financial planner and business broker help you identify your strengths and weaknesses so that you can make sound financial decisions.
It’s a fact that every stage of your life asks for a different approach to planning, investing, and saving money depending on your circumstances. For instance, if you start investing money at the age of 20, your approach to managing wealth and investments will be far different than a person starting at the age of 65.
There are a lot of things that you should consider before investing money. Some of them include your current income, the strength of your portfolio, and most importantly the financial advisor you choose.
How Can You Accomplish Financial Planning
You can accomplish financial planning in several different ways. Some of them are:
1. Signing up with an online do-it-yourself investment company
When you choose an online do-it-yourself firm, it lets you do everything on your own without any human advice. This option comes with a lower price or cost to invest. It’s because there is no other human being involved in the process of handling transactions or doing research on your part.
2. Hiring a financial advisor
Just like hiring a Naples CPA, the option of having your own financial planner or wealth manager comes at a higher cost but with lucrative results.
According to analysts, you can expect 2% to 4% higher results when you actively involve a financial planner as compared to handling it all alone.
Payment Structures of Naples Financial Advisors
No doubt, the option of hiring a financial planner to generate greater returns is expensive. That’s why you must first analyze if this option is beneficial for you or not.
For this purpose, you need to develop a crucial understanding of how Naples financial advisors make money. In this way, you’ll better be able to analyze how they help you make money.
The most commonly used payment structures when hiring financial advisors in Naples are:
- Hourly: The investor is charged for time use on his behalf, regardless of assets.
- Retainer: A scheduled fee (usually monthly or annual) makes the Financial Advisor available, on-call for the advisory services the retainer covers.
- Flat fees: A set price for financial planning and asset management services. The fees have nothing to do with the amount of the investor’s account, big or small. It’s like ordering off a menu of services.
- Commission: The financial advisor receives a percentage of the money spent buying high-performing investments, usually charged per transaction.
- Asset management: The investor is charged a fee based on how much money is invested and fees usually are paid directly from the investor’s account.
Which Payment Structure is Best?
Always remember that choosing the wrong payment structure can lead to a conflict of interest.
For example, if a financial advisor is charging you on an hourly basis and is not totally invested in helping you make more money, that person will surely spend time on another account. They make more money the more investments and assets grow in an Asset Management account.
In the same way, such financial advisors in Naples can make unnecessary transactions if they get a flat fee per transaction.
In our opinion, choosing the commission-based fee structure can encourage more productive results. In this structure, a financial advisor takes a portion of the growth of the investment.
How to Choose the Right Financial Advisor in Naples
Do you want to ensure that the financial advisors in Naples are not pushing you to make investments that suit their interests more than yours?
The best way to do so is to ask the financial planner, “Do you have a fiduciary responsibility to my investments?”
If the financial planner is licensed, he/she must invest in your best interest first even if it does not benefit them. They will be bound by ethics and regulations to do so.
On the other side, if the financial planner does not hold a strong sense of fiduciary responsibility, he/she could lead you to a riskier path.
However, this risker path can also provide a higher payoff for you.
So, there’s no one formula fits all scenario here. It would be hard to determine which choice is better. Safer? Or bigger and better results? It entirely depends on your situation. You can try it both ways to find out which approach works best for you.
The wisest choice? Plan a meeting with your financial advisor and see if you feel comfortable with the road he or she has planned for you. Make sure it is tailored to the results you desire.
10 Best Financial Advisors in Naples
Here’s a list of 10 best financial advisors in Naples, Florida for you. We have selected these companies based on their ratings, reviews, and service. However, it is still important to do your own research before making a final decision.
1. Naples Wealth Planning
Naples Wealth Planning boasts a robust financial planning heritage rooted in providing private clients with a focused investment management team. With an unwavering commitment to customer-centricity, its approach transcends mere product sales, instead emphasizing the provision of suitable financial planning and investment solutions tailored to each client’s life stage.
The organization’s accomplished advisors specialize in a range of financial planning areas, including portfolio management, estate planning, private trust services, insurance planning, and addressing life events.
By working closely with clients’ financial professionals, Naples Wealth Planning minimizes administrative burdens and ensures the seamless transition of legacies. Guided by core values and an unwavering dedication to client satisfaction, it offers unparalleled advice crafted exclusively for each client’s circumstances.
Naples Wealth Planning
1016 Collier Center Way Suite 201,
Naples Florida, FL 34110
2. Advanced Wealth Advisors
Advanced Wealth Advisors® is a reputable financial advisory firm serving Southwest Florida for several years. With a commitment to providing comprehensive financial planning and wealth management services, it specializes in creating custom financial plans that instill confidence and peace of mind in their clients.
What sets it apart is the attentive approach, taking the time to listen and understand each client’s unique concerns, needs, and goals. As fiduciaries, its financial planners prioritize the clients’ best interests when offering expert financial advice.
Offering a free consultation, Advanced Wealth Advisors® is dedicated to helping clients achieve their financial goals and address retirement planning, wealth management, investment management, and more. With a mission to build comprehensive financial plans that ensure retirement success and safeguard income and assets, its team of skilled financial planners and wealth managers possess expertise in investment, retirement, insurance, tax, and estate planning.
Advanced Wealth Advisors
4099 Tamiami Trail N, Suite 402
Naples, FL 34103
Phone: (239) 455-1100
3. Prudent Financial Planning
Prudent Financial Planning is a trusted and forward-thinking financial planning firm dedicated to helping individuals achieve their financial goals and alleviate the burden of student loans.
Led by founder Patrick Logue, CFP®, CSLP®, it specializes in comprehensive fee-only financial planning services tailored for young professionals seeking to become debt-free and maximize their economic potential.
Prudent Financial Planning also excels in investment portfolio construction, ensuring alignment with risk tolerance and goals. It prioritizes estate planning, recognizing its critical importance and helping clients optimize asset titling, review beneficiary designations, and address estate concerns. Disrupting traditional norms, Prudent Financial Planning proudly serves clients without imposing restrictive account minimums, making professional financial guidance accessible to all.
Prudent Financial Planning
4850 Tamiami Tr North, Suite 301
Naples, FL 34103
Phone: (239) 230-0395
4. Canty Financial Management
Canty Financial Management (CFM) is a trusted, family-owned, independent financial planning firm serving clients from Ballston Spa, New York, to Naples, Florida. With over 30 years of experience, CFM is dedicated to providing exceptional, personalized client service and building long-lasting relationships.
Its comprehensive wealth management approach encompasses tax-efficient financial planning and investment management, setting it apart from conventional advisors. Canty Financial Management’s team of specialized advisors understands the significance of life transitions and helps clients navigate critical decisions during job changes, inheritance, and retirement.
As an independent fiduciary investment advisor, Canty Financial Management offers objective fee-only advice, prioritizing clients’ best interests without any conflicts of interest.
Canty Financial Management
5129 Castello Drive Suite #1
Naples, FL 34103
5. Annex Wealth Management
Annex Wealth Management is a distinguished financial advisory firm that takes a comprehensive team approach to deliver exceptional client service. With a team of experienced professionals boasting essential credentials and certifications in investment, tax, insurance, estate planning, and more, it ensures that clients receive expert guidance in all aspects of their financial journey.
Each client is paired with a dedicated Wealth Manager and Client Service Manager who foster engagement and provide personalized support. Annex’s expertise encompasses financial and retirement planning, investment management guided by their esteemed Investment Policy Committee, insurance assessment, tax preparation and planning, estate and legacy planning, financial education, and 401(k) business plans.
With a commitment to transparency and client satisfaction, Annex Wealth Management prioritizes open communication and provides direct, written answers to critical questions.
Annex Wealth Management
4851 Tamiami Trail N., Suite 200
Naples, FL 34103
6. Cordasco Financial Network
Cordasco Financial Network, now part of Mercer Advisors, is a dedicated team of financial professionals committed to providing comprehensive and personalized financial planning solutions.
Recognizing that financial planning goes beyond managing money, Cordasco Financial Network aims to guide individuals and families in making informed decisions to ensure a successful plan for their lives and wealth. With a unique approach encapsulated by their 3 T’s—Team, Taxes, and Tools—Cordasco Financial Network stands out in the financial advisory industry.
With multiple CPAs on staff, it meticulously analyzes every decision through the lens of taxes, ensuring tax efficiency in investment strategies and providing guidance on broader financial choices. Cordasco Financial Network also emphasizes the development of innovative tools and resources, such as their future financial outcome simulator and informative podcast series.
Cordasco Financial Network
405 Fifth Avenue, South
Naples, FL 34102
7. Susko Wealth Advisors
Susko Wealth Advisors is a trusted and independent multi-disciplinary wealth management services firm, dedicated to providing versatile financial solutions to clients. A tailored approach assists clients in creating, maintaining, protecting, and managing their wealth throughout their lives and beyond.
Its comprehensive range of services includes financial planning, where its team guides clients through a collaborative process to maximize their potential for achieving life goals. Through tax planning, Susko Wealth Advisors ensures all elements of the financial plan work together in the most tax-efficient manner possible.
It also offers investment planning, recognizing the dynamic nature of financial markets and providing opportunities and solutions. At Susko Wealth Advisors, minimizing tax burdens is a priority, and their expertise in tax and business matters enables them to cater to each client’s specific needs. Retirement planning is approached with a long-term investment strategy, identifying income sources, and implementing a proposed savings strategy.
Susko Wealth Advisors
4850 Tamiami Trail North
Naples, FL 34103
Phone: (239) 598 – 0093
8. Fifth Avenue Family Office
Fifth Avenue Family Office is a distinguished team of dedicated professionals committed to serving a select group of entrepreneurial families. As a provider of family office services, it offers comprehensive coordination, management, and advisory solutions across the full net-worth spectrum. The ultimate goal is to provide client families with enhanced peace of mind, enabling them to confidently live their lives, cherish their families, and leave lasting legacies.
Beyond traditional wealth management, Fifth Avenue Family Office offers a wide range of services to support successful entrepreneurs further. Its guidance encompasses various areas such as exit strategies for closely held companies, oversight of real estate and alternative assets, efficient portfolio construction, governance, family education, and more.
It excels in investment management, estate and legacy planning, tax coordination, risk management, philanthropic support, family governance and education, strategic business consulting, real estate and alternatives, private equity and venture capital, aviation and maritime oversight, as well as bill payment and record retention.
Fifth Avenue Family Office
3003 Tamiami Trail N, 410
Naples, Florida 34103
9. Charles Schwab
Charles Schwab is a leading provider of comprehensive brokerage, banking, and financial advisory services. With its subsidiaries, including Charles Schwab & Co., Inc. (member SIPC) and Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), the company offers a wide range of investment services and products to cater to individual needs.
Whether clients are focused on retirement planning, saving for education or a home, or seeking self-directed investment opportunities, Schwab provides flexible options tailored to their unique financial goals.
Clients can benefit from expert insights through curated articles covering various topics, including market trends, investment strategies, and financial planning tools, empowering them to make informed decisions for their financial success.
5295 Tamiami Trail North
Naples, FL 34103
10. Raymond James Financial Services
Raymond James Financial Services is committed to providing personalized financial planning tailored to individual goals. Instead of offering generic investment programs, it understands that each client has unique objectives, timeframes, and risk tolerance.
With a team-based approach, Raymond James offers extensive experience, ensuring clients receive comprehensive guidance and support in pursuing their financial goals.
Whether clients are business owners, corporate executives, families, family offices, healthcare professionals, retirees, individuals experiencing sudden wealth, or women investors, Raymond James has specialized expertise to address their specific needs. By working closely with clients and their professional advisors, Raymond James crafts customized financial and investment planning services that align with their circumstances and objectives.
Raymond James Financial Services
5495 Bryson Dr Ste 421
Naples, FL 34109-0920
The team providing this Top Ten financial advisors in Naples list believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.
We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.
We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Naples. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Naples area.
No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.
Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.
Searching for a Naples Business Broker in Florida?
Peterson Acquisition is rated as one of the best Naples business brokers and #1 among all business brokers in the nation!
If you have any questions about our top 10 lists, please contact Chad Peterson to discuss partnership opportunities.
Your Local Peterson Acquisitions Business Broker in Naples
Eric represents the following communities for Peterson Acquisitions:
ALVA, BOKEELIA, BONITA SPRINGS, CAPE CORAL, CAPTIVA, CHOKOLOSKEE, CLEWISTON, COPELAND, ESTERO, EVERGLADES CITY, FELDA, FORT MYERS, FORT MYERS BEACH, GOODLAND, IMMOKALEE, LABELLE, LEHIGH ACRES, MARCO ISLAND, MOORE HAVEN, NAPLES, NORTH FORT MYERS, OCHOPEE, PALMDALE, PINELAND, PUNTA GORDA, SAINT JAMES CITY, SANIBEL, VENUS