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Best Financial Advisors in Tallahassee, FL

Aug. 15, 2019, 8:17 p.m.

Financial advisors offer expert insight and guidance on savings strategies, retirement choices, investments and meeting financial goals. When evaluating financial planners, compare their training, industry certifications and fiduciary status to help you choose the right one for you. Our partners at ConsumerAffairs researched the best financial advisors in Tallahassee so you can be secure and confident about your financial future.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. ABC 27 may receive compensation from our partners. Learn more.

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#1
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Facet Wealth

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#2
Waddell & Reed
Waddell & Reed
Features
  • Manages over $21,000,000,000 in more than 169,000 accounts
  • No minimum asset level required
  • Founded in 1937
  • Charges flat fees & a percentage of assets under management
Location
3113 Capital Medical Blvd.
Tallahassee, FL 32308
(850) 878-3500
#3
Jackson Financial Group
Jackson Financial Group
Features
  • Business relationship with LPL Financial
  • Manages over $4,000,000,000 in more than 24,000 accounts
  • Over 21 years of experience in finance
  • Charges hourly, flat fees & a percentage of assets under management
Location
511 Beverly St.
Tallahassee, FL 32301
(850) 222-4014
#4
Capital City Investments: LPL Financial
Capital City Investments: LPL Financial
Features
  • Complimentary review of financial plans
  • Manages over $159,000,000,000 in more than 786,000 accounts
  • Partnered with LPL Financial for investment advising
  • Charges based on assets under management
Location
304 E. Tennessee St., 2nd Fl.
Tallahassee, FL 32301
(850) 402-7542
Smith Bruer Advisors
Smith Bruer Advisors
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • smithbrueradvisors.com
Location
1700 Summit Lake Dr., Ste. 102
Tallahassee, FL 32317
(850) 877-0803
James Campbell & Associates
James Campbell & Associates
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • jcawealth.com
Location
2039 Centre Pointe Blvd., Ste. 203
Tallahassee, FL 32308
(850) 561-8700
Private Wealth Management & Consulting
Private Wealth Management & Consulting
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • pwmcllc.com
Location
1616 Metropolitan Cir., Ste. C
Tallahassee, FL 32308
(850) 692-2500
Barnes Capital Group
Barnes Capital Group
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • barnescapgroup.com
Location
318 N. Calhoun St.
Tallahassee, FL 32301
(850) 894-2930
John H. Curry
John H. Curry
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • johnhcurry.com
Location
3664 Coolidge Ct.
Tampa, FL 32311
(850) 562-3000
Seven Hills Financial
Seven Hills Financial
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • sevenhillsfinancial.com
Location
410 E. 6th Ave.
Tallahassee, FL 32303
(850) 219-6699
The Vedder Group
The Vedder Group
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • scott-vedder.com
Location
2039 Centre Pointe Blvd., Ste. 101
Tallahassee, FL 32308
(850) 513-3331

Choosing a financial advisor in Tallahassee

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Money advisors in Tallahassee help with all aspects of your finances, including budgeting, debt, savings and investment. The benefits of hiring a financial planner include:

  • Setting achievable financial goals
  • Creating a road map for your financial future
  • Building a portfolio of diverse investments
  • Impartial, knowledgeable financial advice

Some financial advisors in Tallahassee work with anyone regardless of their total wealth, but other advisors only work with clients that have at least $100,000 in assets. The difference here depends on how these advisors charge their clients and what kind of asset management services they need.

Types of financial advisors

One of the first decisions you’ll have to make when looking for financial advisory services is whether you want to work with a human advisor or a robo-advisor.

Robo-advisors are digital software platforms that use algorithms to build, manage and maintain your investment portfolio with little to no human supervision. Clients input their information and investing parameters, and the computer model does the rest.

Robo-advisors Human advisors
  • Low fees
  • Low minimum assets or free to start
  • Impartial investment decisions and asset management
  • Better equipped to handle complicated finances
  • Good for higher wealth investments
  • Face-to-face meetings for financial guidance and asset management

Keep in mind that some financial advisors in Tallahassee offer a hybrid service that combines both approaches to asset management.

The next critical distinction between financial advisors is between fiduciary advisors and non-fiduciary advisors. The fiduciary standard means these advisors must always act in your best interest. Non-fiduciary advisors abide by a less-strict suitability standard. This means non-fiduciary advisors sometimes make recommendations that are not the best or most cost-effective option for the client. So long as their advice still fits within the client's risk profile, objective and time frame, non-fiduciary advisors are free to operate without worrying about conflicts of interest.

What is the cost of a financial advisor in Tallahassee?

Financial advisors in Tallahassee charge around $150 to $300 per hour, but what and how you pay your financial advisor will depend on what asset management services you receive and how your advisor makes money.

Other pricing structures include:

  • Retainers fees between $2,000 and $7,500 annually
  • Flat fees averaging $1,000 to $3,000 for creating a financial plan
  • Annual fees between 0.5% - 2% of assets under management
  • Commission per investment transaction or financial product sale

Advisors calling themselves fee-based charge clients upfront but also take a partial commission, while fee-only firms make money solely from their clients. Fee-only is generally preferred as it helps make sure your advisor is working with your best interest in mind.

What qualifications should a financial advisor have?

Your Tallahassee financial advisor should have at least a bachelor’s degree in a relevant field and, ideally, an additional professional qualification such as being a Certified Financial Planner.

Consider asking the following questions when vetting your retirement advisor:

  • Are you exclusively a fiduciary?
  • Are you a fee-only advisor? If not, how are you compensated?
  • What is your investment philosophy?

The most important document to check as you evaluate a financial advisor in Tallahassee is the Form ADV. It reveals their fee structure, firm history, asset management style and any misconducts on record. You can find this information by checking with the Securities and Exchange Commission. Also, be sure to visit the Florida Office of Financial Regulation to verify an investment advisor’s license.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Founded in 2016, Facet Wealth is a hybrid firm that lets clients work with a CFP fiduciary supplemented by robo-advisor software. Facet offers a full range of financial advisory services for clients at any stage of life and charges flat fees for asset management services.

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Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.