Top 10 Financial Advisors in Miami, Florida (Ranked and Rated)

Miami’s vibrant and diverse community requires equally diverse financial planning and wealth management solutions. From retirement planning to navigating complex estate management and investment strategies, the needs of Miami residents are as varied as the city itself. Whether you are a young professional, an established business owner, or planning for retirement, working with the right financial advisor can be the key to achieving your financial goals.

In a city like Miami, where financial opportunities and challenges abound, selecting a top-tier financial advisor is crucial. The right advisor will offer personalized strategies to help you preserve and grow your wealth while ensuring that your financial future is secure.

To assist you in this process, we’ve carefully evaluated the “top financial advisors in the Miami area” based on a variety of criteria. These include their expertise, client satisfaction, services offered, and adherence to fiduciary standards. Our goal is to recognize a handful of Miami’s best advisors who stand out for their commitment to providing the highest levels of service and integrity.

Let’s get started with our top picks.

Top 10 Financial Advisors in Miami

Here are the top financial advisors in Miami, carefully selected based on their expertise, client satisfaction, and the range of services they offer. Each of these firms stands out for their commitment to providing exceptional financial guidance tailored to the unique needs of Miami residents. Use this as a starting point to finding the right financial advisor for your financial goals.

Provenance Wealth Advisors

Provenance Wealth Advisors stands out for their comprehensive approach to estate, financial, business, and investment planning. They excel in guiding clients through the complexities of financial and risk management, tailoring strategies to align with both personal and professional goals. Their experienced planners take a meticulous approach, evaluating each client’s financial situation against their long and short-term objectives, ensuring a holistic plan that considers business and family responsibilities.

The firm’s expertise spans a wide range of areas, including business succession planning, estate planning, retirement planning, and special needs planning. They are also deeply committed to charitable causes, supporting organizations like Take Stock in Children and United Way.

With offices in Miami and other major Florida cities, Provenance Wealth Advisors is well-positioned to serve a diverse clientele across the state. Their dedication to comprehensive planning and community support makes them a top choice for those seeking thorough and compassionate financial advisory services.

Wealth Enhancement Group

Wealth Enhancement Group, founded in 1997, has grown into a nationwide network of financial advisors known for their detailed and personalized approach to financial planning. Serving over 57,000 households, the firm offers a wide range of services, including retirement planning, wealth management, tax strategies, and trust & estate services. Their advisors are dedicated to crafting financial plans that are not only tailored to each client’s unique circumstances but also resilient enough to withstand life's unpredictabilities.

The Miami office specializes in cash flow planning, estate planning, investment management, retirement income planning, and tax planning, ensuring comprehensive coverage of their clients’ financial needs. Wealth Enhancement Group’s commitment to excellence has earned them significant recognition, including rankings in Forbes 2023 America's Top RIA Firms, Barron's 2023 Top 100 RIA firms (#5), and USA Today’s 2024 list of Best Financial Advisory Firms.

Their combination of national expertise and local presence in Miami makes them a top contender for clients seeking both personalized and well-rounded financial guidance.

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Genesis Wealth Management

Genesis Wealth Management, Inc. is a fee-only Registered Investment Advisor committed to providing a highly personalized and conflict-free advisory experience for individuals, families, business owners, and medical professionals across the Greater Miami area. Serving areas including Coral Gables, Ft. Lauderdale, and West Palm Beach, Genesis Wealth Management stands out for its focus on aligning investments with clients' financial goals and objectives, ensuring a cohesive and systematic approach to wealth management.

Founded on the principle of offering an independent, unbiased alternative to large brokerage firms, Genesis Wealth Management prioritizes transparency and accessibility. As a fee-only advisor, they emphasize delivering high-quality financial advice and instruments at a reasonable cost, free from the conflicts of interest often associated with commission-based services.

Led by Certified Financial Planner™ Mario Yngerto, the firm strictly adheres to the comprehensive financial planning standards set by the Certified Financial Planner Board of Standards. Their customized, fully integrated plans encompass retirement, investment, tax, insurance, and estate planning. As an independent Registered Investment Advisor, Genesis Wealth Management upholds the highest fiduciary standards, providing clients with access to institutional-quality investment management through partnerships with top-tier firms like Dimensional Funds Advisor, whose methodologies are rooted in sound academic principles.

This combination of personalized service, fiduciary responsibility, and academic rigor makes Genesis Wealth Management a top choice for those seeking a trustworthy and comprehensive financial advisory relationship.

Related: Edelman Financial Engines Review - Reputable Advisory Firm?

Mariner Wealth Advisors

Mariner Wealth Advisors is a comprehensive financial services firm offering a wide range of services for both individuals and businesses. With a nationwide presence, Mariner's Coral Gables office stands out, particularly for its recognition as home to a Top 100 ranked female financial advisor in Florida by Barron’s for eight consecutive years (2011-2019). This office specializes in partnering with individuals, families, and professionals with complex financial and tax situations, crafting personalized financial plans designed for longevity and resilience.

For individuals, Mariner Wealth Advisors offers wealth planning, investment management, tax planning and preparation, estate planning, trust services, and insurance solutions. Their holistic approach ensures that all aspects of a client’s financial life are considered and integrated into a cohesive strategy. For businesses, the firm provides tailored services, including executive financial planning, institutional cash management, investment banking, and tax planning, ensuring that companies are equipped to navigate their financial futures with confidence.

Mariner Wealth Advisors' commitment to putting clients' interests first, combined with their broad spectrum of in-house services, makes them a premier choice for those seeking expert financial guidance in the Miami area and beyond.

Florida Financial Advisors

Florida Financial Advisors is lauded for delivering top-rated financial advisory and wealth management services tailored to the unique lifestyles of Floridians. With a strong presence in Miami, Miami Beach, and Fort Lauderdale, their independent registered financial advisors excel in creating personalized financial plans that encompass retirement planning, investment solutions, wealth management, insurance options, and advanced tax strategies. Clients benefit from low-cost investments with competitive fees and high returns, ensuring their wealth is effectively managed and grown for both today and tomorrow.

Recognized by Expertise.com as the "Best Financial Advisors in Miami Gardens 2024," Florida Financial Advisors boasts over 25 five-star Google reviews for their Miami office alone. Their commitment to providing experienced and sound financial planning makes them a trusted choice for individuals seeking comprehensive and reliable financial guidance in the Miami area.

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Tobias Financial Advisors

With $850 million in assets under management and a 98% client retention rate, Tobias Financial Advisors has been a trusted name in the industry for over 44 years. Founded by Benjamin Tobias, the firm was built on a foundation of integrity and a client-first philosophy that continues to guide their approach today. Tobias Financial Advisors is dedicated to providing transparent, objective, and conflict-free financial planning services, with a 100% fiduciary commitment ensuring that clients' interests always come first.

As a fee-only firm, Tobias Financial Advisors does not engage in product sales or commissions, allowing them to offer unbiased advice tailored to each client’s unique financial goals. Their independence as a Registered Investment Adviser (RIA) gives them the flexibility to select the best partners, vendors, and service providers, ensuring exceptional value for their clients.

The firm’s team of experts brings over four decades of experience in all aspects of wealth planning, making them adept at navigating the complexities of the financial landscape. Recognized by Financial Advisor Magazine as a Top Registered Investment Advisor in 2023 and featured on the INC 5000 list of America's Fastest Growing Companies, Tobias Financial Advisors has also earned a spot on the South Florida Business Journal’s "Best Places to Work" list in 2024.

Tobias Financial Advisors’ unwavering commitment to fiduciary principles, coupled with their extensive experience and client-first mentality, makes them a standout choice for those seeking reliable and personalized financial guidance in the Miami area.

Related: Find a Top-Rated Financial Advisor Today - Free Matching Service

Bernstein Private Wealth Management

Bernstein Private Wealth Management offers a unique blend of decades of experience with the personalized, boutique-style service that distinguishes them in the Miami wealth management landscape. With offices in 20 cities across the U.S., including Miami, Bernstein serves as confidants to some of South Florida's most discerning investors, helping them navigate complex challenges that extend far beyond traditional wealth management.

What truly sets Bernstein apart is their deep commitment to supporting the growth and success of innovative companies. This is exemplified by their sponsorship of the Florida Venture Forum, an initiative that provides a platform for entrepreneurs to connect with investors and industry experts. Bernstein’s involvement reflects their dedication to fostering growth and ingenuity within the business community, ensuring that their clients not only manage their wealth effectively but also contribute to the broader economic landscape.

For clients seeking a wealth management firm that combines vast expertise with a hands-on, intimate approach, Bernstein Private Wealth Management offers a compelling option in Miami. Their focus on both individual financial success and broader community impact makes them a standout choice for sophisticated investors.

Garrel Miani Financial Group

Garrel Miani Financial Group (GMFG) specializes in serving U.S. and Latin American families and business owners with complex financial and estate planning needs. With offices in South Florida and Key West, GMFG has a strong presence in the region, offering guidance to clients at every stage of their financial journey. The firm emphasizes an education-centric approach, ensuring clients are well-informed about their financial options, which empowers them to make sound decisions about their wealth.

Founded 21 years ago in New York City by Joseph Garrel, GMFG expanded to South Florida in 2018 and further to Key West in 2020. Joe Garrel, the firm’s principal, has been recognized as one of Forbes' best-in-state financial security professionals from 2022-2024. 

His expertise spans holistic financial planning, wealth management, estate planning, and small business strategies. Joe’s commitment to excellence is reflected in his ten consecutive years of qualifying for the prestigious Million Dollar Round Table, including four years at the Top of the Table.

GMFG offers a personalized approach, tailoring innovative solutions to meet each client's unique financial needs and goals. The firm collaborates with top carriers, wealth managers, and professionals such as tax and estate attorneys, accountants, and bankers, to deliver advanced financial strategies. This holistic and client-focused approach makes Garrel Miani Financial Group a leading choice for those seeking comprehensive financial planning in South Florida.

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Octavia Wealth Advisors

Octavia Wealth Advisors is dedicated to providing personalized financial guidance that cannot be replicated by automation. Understanding that each client’s financial life is unique, Octavia empowers individuals to set goals, overcome obstacles, and achieve their dreams through a highly tailored approach. By working closely with a dedicated advisor, clients receive a financial life plan that reflects their specific needs, wants, and aspirations.

Octavia's process involves assembling a team of experts at each stage of a client’s financial journey, ensuring that every aspect of their multigenerational goals and dreams is understood and addressed. As priorities evolve, Octavia works with clients to adjust and refine their life plans, ensuring that their financial strategies remain aligned with their changing needs.

With six locations across the U.S., Octavia's Coconut Grove office, conveniently located 20 minutes south of Downtown Miami, serves as a hub for comprehensive financial planning services in Florida. This office offers a full range of services, including wealth and investment management, tax planning, retirement planning, insurance solutions, estate planning, and business planning. Serving clients across Miami, Tampa, and Orlando, Octavia Wealth Advisors provides the expertise and personalized attention needed to help clients navigate their financial futures with confidence.

CameronDowning

CameronDowning is an independent, fee-based Registered Investment Advisory firm founded in 2014 by Glenn J. Downing, CFP® and Jonathan G. Cameron, CFP®. With a dedicated team of three CERTIFIED FINANCIAL PLANNER™ professionals and an estate planning attorney, the firm is committed to providing a superior client experience that fosters trust and advocacy. CameronDowning's comprehensive services include financial planning, investment management, and a unique offering—crypto management, distinguishing them from other advisors on this list.

The firm’s expertise and dedication to client satisfaction have earned them recognition in prominent publications such as CNBC, Investor's Business Daily, The Miami Herald, and Policygenius. CameronDowning’s bilingual capabilities (Se habla español) ensure that they can effectively serve a diverse clientele in the Miami area.

CameronDowning’s focus on trust, transparency, and innovative financial solutions, combined with their top-notch team and personalized approach, makes them a standout choice for individuals seeking comprehensive and cutting-edge financial advisory services in Miami.

Related: Find a Financial Advisor Today - Free Matching Service

What to Look for in a Financial Advisor

Choosing the right financial advisor is a critical step in securing your financial future. The advisor you select will play a pivotal role in helping you achieve your financial goals. Here are key factors to consider when selecting a financial advisor:

Fiduciary Responsibility

One of the most important qualities to look for in a financial advisor is fiduciary responsibility. A fiduciary advisor is legally obligated to act in your best interests, prioritizing your financial well-being over any potential conflicts of interest. This means that they are committed to providing advice and recommendations that align with your goals, rather than those that may benefit them financially.

Fee Structure

Understanding how a financial advisor is compensated is crucial. Advisors typically charge fees in one of three ways: fee-only, commission-based, or a combination of both. Fee-only advisors are paid directly by their clients and do not earn commissions from selling financial products. 

This structure minimizes conflicts of interest and ensures that the advisor’s recommendations are unbiased. Commission-based advisors, on the other hand, may earn money by selling specific financial products, which could influence their advice. It’s important to choose a fee structure that aligns with your comfort level and financial goals.

Certifications and Qualifications

Look for advisors with recognized certifications such as CERTIFIED FINANCIAL PLANNER™ (CFP®), Chartered Financial Analyst (CFA), or other relevant designations. These certifications indicate that the advisor has met rigorous education, examination, and ethical standards. Additionally, an advisor's experience and professional background can provide insights into their expertise and ability to handle your specific financial needs.

Range of Services

Consider the range of services offered by the advisor. Some advisors specialize in certain areas, such as retirement planning or estate planning, while others offer a more comprehensive suite of services that include investment management, tax planning, insurance solutions, and more. Make sure the advisor’s offerings align with your financial needs, both now and in the future.

Client Reviews and Reputation

Researching client reviews and the advisor's reputation can provide valuable insights into their track record and client satisfaction. Look for testimonials, ratings on platforms like Google or Yelp, and any professional accolades or recognitions. Additionally, you can check for any disciplinary actions or complaints filed against the advisor with regulatory bodies such as the SEC or FINRA.

Personal Connection and Communication Style

The relationship between you and your financial advisor should be built on trust and open communication. It’s important to feel comfortable discussing your financial situation and goals with your advisor. Pay attention to their communication style—do they explain concepts clearly and listen to your concerns? A good advisor will take the time to understand your unique circumstances and tailor their advice accordingly.

Long-Term Relationship

Financial planning is not a one-time event but an ongoing process that evolves with your life. Look for an advisor who is committed to building a long-term relationship with you. This means they will regularly review and adjust your financial plan as your goals and circumstances change, ensuring that you stay on track to meet your objectives.

By carefully considering these factors, you can make an informed decision when choosing a financial advisor who will help you navigate the complexities of your financial life and work with you to achieve your long-term goals.

Related: Cassaday & Company Review - Trusted Financial Advisors?

Online Resources for Vetting Financial Advisors

Finding the right financial advisor requires thorough research and due diligence. Fortunately, there are several online resources available that can help you verify credentials, check for any disciplinary actions, and gain insights into an advisor’s professional background. Here are some of the most trusted online tools and platforms to assist you in the vetting process:

SEC Investment Adviser Public Disclosure (IAPD)

The SEC's IAPD website is a valuable resource for researching Registered Investment Advisers (RIAs). It allows you to look up an advisor’s registration status, review their Form ADV (a document that provides detailed information about the advisor's business practices, fees, and any disciplinary history), and see if they are subject to any regulatory actions. This tool is essential for ensuring that an advisor is properly registered and operates in compliance with federal regulations.

FINRA BrokerCheck

FINRA’s BrokerCheck is an online tool that helps you research the professional backgrounds of brokers, financial advisors, and firms. By entering the advisor’s name or firm, you can access information about their employment history, certifications, licenses, and any disciplinary actions or customer complaints. BrokerCheck is particularly useful for verifying the credentials of advisors who are also licensed to sell securities.

CFP Board’s Find a CFP® Professional Tool

If you’re specifically looking for a CERTIFIED FINANCIAL PLANNER™ professional, the CFP Board’s website offers a “Find a CFP® Professional” tool. This resource allows you to search for CFP® professionals by location, name, or firm. It also provides verification of their certification status and any disciplinary history, ensuring that the advisor you choose meets the rigorous standards set by the CFP Board.

National Association of Personal Financial Advisors (NAPFA)

NAPFA is an organization of fee-only financial advisors, and their website includes a “Find an Advisor” tool that helps you locate NAPFA-registered advisors in your area. These advisors adhere to a strict fiduciary standard, providing conflict-free financial advice. The tool allows you to search by location, area of specialization, and other criteria to find an advisor who aligns with your financial needs.

Better Business Bureau (BBB)

The Better Business Bureau provides ratings and reviews of businesses, including financial advisory firms. By searching for an advisor or firm on the BBB website, you can see their accreditation status, read customer reviews, and check for any complaints or disputes. The BBB also assigns ratings based on factors such as transparency, customer service, and responsiveness, giving you an additional layer of insight into the advisor’s reputation.

Google Reviews, Reddit, and Yelp

Online reviews on platforms like Google, Reddit, and Yelp can offer firsthand accounts of clients’ experiences with financial advisors. While these reviews should be taken with a grain of caution, they can provide useful insights into an advisor’s communication style, customer service, and overall client satisfaction. Look for patterns in the reviews—consistent praise or complaints can be telling.

LinkedIn

LinkedIn can be a helpful tool for researching an advisor’s professional background, education, and endorsements. By viewing their LinkedIn profile, you can see their career history, connections, and any recommendations from colleagues or clients. This can give you a sense of their experience and areas of expertise.

By utilizing these resources, you can gain a comprehensive understanding of a financial advisor’s qualifications, background, and reputation, helping you make an informed decision and select an advisor who is best suited to meet your financial needs.

WiserAdvisor

WiserAdvisor is an online platform designed to help you find the right financial advisor by matching you with professionals based on your specific needs and preferences.

The process begins with a simple questionnaire that asks about your financial goals, investment preferences, and the type of advisor you’re looking for. Once completed, WiserAdvisor uses this information to match you with up to three pre-screened financial advisors who align with your criteria.

The platform ensures that all recommended advisors are vetted for their qualifications, experience, and commitment to fiduciary standards. This personalized approach allows you to connect with advisors who are well-suited to guide you on your financial journey, whether you need help with retirement planning, wealth management, or other financial services.

WiserAdvisor is particularly useful if you’re new to the process of finding a financial advisor or if you prefer to have a curated list of options to choose from, based on your individual financial situation and objectives.

By using WiserAdvisor, you can streamline the search process and confidently select an advisor who is equipped to meet your needs.

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FAQs: Find a Miami Financial Advisor

In this section, we answer some of the most common questions people have when searching for a financial advisor. Understanding these key points can help you make more informed decisions as you navigate your financial planning journey.

What is a fiduciary, and why is it important?

A fiduciary is a financial advisor who is legally and ethically bound to act in your best interests. This means that they are required to prioritize your financial well-being over their own profits or any potential conflicts of interest. Working with a fiduciary ensures that the advice you receive is focused solely on achieving your financial goals without being influenced by commissions or sales incentives. Choosing a fiduciary advisor is crucial for building trust and ensuring that your advisor is truly committed to your success.

How do I know if a financial advisor is right for me?

Finding the right financial advisor involves considering several factors, including their experience, qualifications, and areas of expertise. Start by assessing your own financial needs and goals, then look for an advisor whose services align with those needs. It’s also important to consider their fee structure, whether they are a fiduciary, and how well they communicate with you. Meeting with potential advisors, asking questions, and reviewing their credentials can help you determine if they are the right fit for you.

What are the benefits of working with a local advisor?

Working with a local financial advisor offers several advantages. Local advisors are often more familiar with the economic landscape, tax laws, and financial opportunities specific to your region. This can be particularly beneficial when dealing with state-specific tax strategies or local investment opportunities. Additionally, having a local advisor means you can meet in person, which can enhance communication and help build a stronger, more personal relationship. A local advisor may also be more attuned to community-related financial needs, such as supporting local businesses or charitable giving.

What is the difference between fee-only and commission-based advisors?

Fee-only advisors are compensated solely by the fees you pay for their services, typically as a percentage of assets under management, an hourly rate, or a flat fee. They do not earn commissions from selling financial products, which minimizes potential conflicts of interest. Commission-based advisors, on the other hand, earn money by selling specific financial products, such as insurance policies or mutual funds. While this can create a potential conflict of interest, some commission-based advisors still adhere to high ethical standards. It’s important to understand the advisor’s compensation model and how it might influence their recommendations.

How can I check an advisor’s background and credentials?

There are several resources available for checking an advisor’s background and credentials. The SEC’s Investment Adviser Public Disclosure (IAPD) website and FINRA’s BrokerCheck are two primary tools for verifying registration status, reviewing disciplinary history, and learning more about an advisor’s professional background. Additionally, you can use platforms like the CFP Board’s Find a CFP® Professional tool, NAPFA’s advisor search, and WiserAdvisor to find qualified advisors and verify their credentials. Checking online reviews and testimonials on platforms like Google and Yelp can also provide insights into the advisor’s reputation and client satisfaction.

Getting Started

Selecting the right financial advisor is a crucial step toward achieving your financial goals and securing your future. With so many options available, it’s important to choose an advisor who not only has the expertise and qualifications but also aligns with your personal values and financial objectives. The advisors highlighted in this article represent some of the best in Miami, each offering unique strengths and services to meet a variety of needs.

As you move forward, remember to utilize the resources provided, ask the right questions, and trust your instincts. A strong, trusting relationship with your financial advisor can make all the difference in successfully navigating the complexities of financial planning. Whether you’re just starting out or looking to refine your strategy, the right advisor will be a valuable partner on your financial journey.