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Best Financial Advisors in Fort Myers, FL

Dec. 13, 2019, 12:13 a.m.

Many people feel overwhelmed at the prospect of financial planning, but working with a financial advisor simplifies the process and gives you a better chance at financial security. When choosing an advisor, look for a fiduciary who has experience, matches your budget and provides excellent customer service. Our partners at ConsumerAffairs researched the best financial advisors in Fort Myers to help you find the asset management you need.

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#1
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Facet Wealth

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Facet Wealth
Facet Wealth
Features
  • Goal-based financial planning
  • Work with a dedicated CFP
  • Get an individually tailored financial plan
  • Takes a holistic approach to wealth management
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#2
Rezny Wealth Management, Inc
Rezny Wealth Management, Inc
Features
  • Has over $157 million in assets under management
  • At least $500,000 in assets required
  • Securities protected up to $500,000
  • Uses TD Ameritrade as custodian of clients' accounts
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Location
5237 Summerlin Commons Blvd., Ste. 209
Fort Myers, FL 33907
(800) 618-8577
#3
Cumberland Advisors
Cumberland Advisors
Features
  • Has over $3 billion in assets under management
  • $1,000,000 minimum in assets acquired
  • Also works as a registered municipal advisor
  • Has a wealth-preservation bias & conservative investment orientation
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Location
2 N. Tamiami Trl., Ste. 303
Sarasota, FL 34236
(800) 257-7013
True Wealth Design
True Wealth Design
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • truewealthdesign.com
Location
5237 Summerlin Commons Blvd., Ste. 370
Fort Myers, FL 33907
(239) 344-7145
Finley Wealth Advisors
Finley Wealth Advisors
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • mywealthadvisor.com
Location
10600 Chevrolet Wy., Ste. 101
Estero, FL 33928
(239) 267-7500
WE Family Offices
WE Family Offices
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • wefamilyoffices.com
Location
701 Brickell Ave., Ste. 2100
Miami, FL 33131
(305) 825-2225
Finaccess Advisors
Finaccess Advisors
Features
  • M-F: 9am - 6pm
  • Closed Sat and Sun
  • grupofinaccess.com
Location
1111 Brickell Ave.
Miami, FL 33131
(305) 377-1112
Lamco Advisory Services
Lamco Advisory Services
Features
  • M-F: 8:30am - 4:30pm
  • Closed Sat and Sun
  • lamcoadvisory.com
Location
1525 International Pkwy., Ste. 2071
Lake Mary, FL 32746
(407) 585-1160
Water Oak Advisors
Water Oak Advisors
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • wateroak.com
Location
145 Lincoln Ave., Ste. A
Winter Park, FL 32789
(407) 567-2956
Campbell Financial Partners, LLC
Campbell Financial Partners, LLC
Features
  • M-F: 10am - 5pm
  • Closed Sat and Sun
  • campbellfp.com
Location
17595 S. Tamiami Trl., Ste. 220
Fort Myers, FL 33908
(239) 454-5333

Choosing a financial advisor in Fort Myers

Fort Myers skyline

It’s always a good time to work with a financial advisor because they help you:

  • Invest and diversify your portfolio
  • Save for your children’s education
  • Prepare for retirement
  • Manage finances after a marriage
  • Recover from a divorce
  • Handle inherited money
  • Get advice on your current financial situation
  • Avoid poor financial decisions

Some financial planners, retirement advisors and investment advisors have minimum investment requirements, usually around $50,000 for asset management.

Types of financial advisors

There are two fundamental types of financial advisors in Fort Myers: robo-advisors and human advisors. Robo-advisors use algorithms to generate a financial plan, but, when you work with a human advisor, you get personalized financial help from a professional. Human advisors might call themselves financial planners, retirement advisors or investment advisors, but all allow you to set customized goals based on your life.

There are also fiduciary advisors and non-fiduciary advisors in Fort Myers. Fiduciaries maintain a legal and ethical standard that requires them to act in the best interests of their clients. Non-fiduciaries are bound to a looser standard, the sustainability standard, which only mandates that their recommendations are suitable for the client.

Both types can give good financial advice, but only fiduciaries are always guaranteed to do what’s right for you. Non-fiduciaries might have a bias towards certain investments or methods because it benefits them more than what’s ideal for the client.

What is the cost of a financial advisor in Fort Myers?

There are several ways financial advisors charge for asset management services in Fort Myers:

  • Commission: The advisor takes a percentage of each investment transaction.
  • Assets under management: The advisor charges a percentage of the assets in your account.
  • Retainer: The advisor charges a scheduled fee for on-call or constant asset management.
  • Flat fee: The advisor charges a flat fee for individual asset management services.
  • Hourly rate: The advisor charges an hourly rate for financial planning or advice.

You might also come across the terms fee-only and fee-based. A fee-only advisor does not take any commissions. On the other hand, a fee-based advisor takes a percentage of your assets as well as commission.

Before working with a fiduciary in Fort Myers, learn about their payment policies. Make sure to work with a company that is transparent about their fees and how they make a profit. All payment structures bias an advisor in one way or another, whether they’re a fiduciary or not, so think about how your money motivates your financial advisor before choosing.

What qualifications should a financial advisor have?

In addition to having a bachelor’s degree or MBA, financial advisors in Fort Myers should some additional form of license or certification, like being a Certified Financial Planner.

Ask prospective financial advisors:

  • Are you a fiduciary?
  • How do you make a profit?
  • How many years of experience do you have?
  • What are your fees?
  • What’s your philosophy on investing?
  • Have you ever been convicted of a crime or investigated by a regulatory body?

While you’re on the search for the best asset management in Fort Myers, look out for scams. Be sure to check for honest reviews of the company and avoid working with money advisors that make unrealistic promises about market-beating performance. Finally, use resources from the Financial Industry Regulatory Authority and the Securities and Exchange Commission to check on firms and advisors.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Facet Wealth offers a variety of services, including retirement planning, and has fiduciary Certified Financial Planners on staff. To promote trust with its clients, this company only charges flat fees. Customers praise Facet Wealth’s customized approach to asset management.

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Rezny Wealth Management, Inc

Rezny Wealth Management, Inc

Whether you have specific goals or are unsure about your financial future, Rezny Wealth Management has services to help. However, this fee-only company focuses on investment portfolios and retirement planning if you have at least $500,000 of investment assets. Local customers commented on the excellent results Rezny earned for them.

Cumberland Advisors

Cumberland Advisors

Cumberland Advisors is a good, fee-only option for long-term financial solutions. They focus on setting up investment portfolios and giving financial advice. Having managed billions of dollars, they have a great deal of experience in the industry. Fort Myers customers comment on the affordability of its asset management services.

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