Best Financial Advisors in Philadelphia, Pennsylvania

Contributor, Benzinga

Looking for the right advisor for you? Datalign Advisory makes finding a financial advisor specific to your needs easier than ever.

The Philadelphia region has 13 Fortune 500 company headquarters, ranking it tied for 10th out of all metropolitan areas in the nation. With being such a hub for business, technology and money, finding a financial advisor can seem like a monumental task. 

It’s this concentration that provides Philadelphians with a wide range of options to select the most appropriate advisor. And for that, Benzinga has searched the area to find you the best options possible for your money.

Best Financial Advisors in Philadelphia

  • Best for Unique Financial Management Strategy: Cordasco Financial Network
  • Best Robo-Advisor: M1 Finance
  • Best for High-Net Worth: Wescott Financial Advisory Group
  • Best Mobile App: Betterment
  • Best for Customized Investment Management: Efficient Advisors
  • Best Portfolio Analysis: Personal Capital
  • Best for Risk Management: RTD Financial Advisors
  • Best for Finding Custom Financial Advisors: SmartAsset
  • Best for Long-Term Investment Solutions: McAdam

Best for Unique Financial Management Strategy: Cordasco Financial Network

Cordasco Financial Network is a registered financial advisor offering wealth management and retirement planning services. The company works with everyone from individuals to large estates. Cordasco Financial Network uses a variety of financial management strategies based on your unique goals as an investor. 

Cordasco is also one of the only financial advisors in Philadelphia that we’ve seen use trading to help complement customer portfolios. Trading is a strategy in which the asset manager holds a security for less than 30 days. While trading can produce greater losses than long-term holds, it can also produce more profit in a shorter period of time.

If you’re interested in adding frequent trades to your strategy, consider Cordasco.

Claim Profile

Reach out to our team to improve your companies visibilty

CORDASCO FINANCIAL NETWORK, INC.

CORDASCO FINANCIAL NETWORK, INC.

$382,664,217
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
$750,000
8
238
Yes
23
8
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

THREE LOGAN SQUARE 1717 ARCH STREET, 39TH FLOOR PHILADELPHIA PA, 19103

Phone number

215-558-3500

Best For
Customizable Robo Investing
Disclosure Your free trial (a $31.25 value) begins the date you enroll in the M1 Plus subscription, and ends 90 days after (“Free Trial”). Upon expiry of the Free Trial, your account is automatically billed an annual subscription fee of $125 unless you cancel under your Membership details in the M1 platform.

Best Robo-Advisor: M1 Finance

M1 Finance is an integrated money management platform that is a perfect mix between robo-management and a traditional online brokerage. The platform lets you choose among over 80 portfolio models. You can also get low-cost exchange-traded funds (ETFs) and individual stocks, which makes it appealing if you’re hesitant about spending large amounts.

M1 Finance has 2 types of accounts — M1 Core and M1 Plus. M1 Core account does not charge management fees, trading commissions and checking account fees. It offers a 3.5% base rate for its portfolio line of credit. The Plus account is available for $125 per year, where you can receive additional benefits like 1% cash back on qualifying debit card purchases and 1% annual percentage yield (APY) checking.

Best for High-Net Worth: Wescott Financial Advisory Group

With over $2 billion worth of assets under management (AUM), Wescott Financial is one of the country’s largest financial planning and investment advising services. You must have a minimum of $2 million in AUM to begin with Wescott. 

Wescott uses a unique blend of active and passive management to maximize your returns. The advisors at Wescott primarily focus on active value investing strategies, which aim to purchase undervalued securities for long-term positions. The company employs a full team of research specialists who perform daily stock and portfolio inspections, ensuring that you’re receiving the most personalized and up-to-date management decisions possible. 

Claim Profile

Reach out to our team to improve your companies visibilty

WESCOTT FINANCIAL ADVISORY GROUP LLC

WESCOTT FINANCIAL ADVISORY GROUP LLC

$2,003,142,096
  • A percentage of assets under your management
  • Hourly charges
$2,000,000
19
136
Yes
97
6
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

30 SOUTH 17TH STREET PHILADELPHIA PA, 19103-4196

Phone number

215-979-1600

Best For
ETF Investors

Best Mobile App: Betterment

Betterment is a robo-advisory mobile app that helps you manage your money on the go. The app also has an attractive fee structure. Betterment Digital charges a 0.25% fee under the assets managed and no account minimum. Betterment Premium has a 0.40% fee under the assets managed with a $100,000 account minimum. Premium includes phone access to a certified financial planner (CFP). 

For individuals, Betterment offers planning and management. You can include shared accounts, trusts, traditional, Roth, SEP and rollover IRAs. You can also link outside accounts like a 401(k).

Best for Customized Investment Management: Efficient Advisors

Efficient Advisors is one of the best financial advisors if you’re searching for a mix of affordable retirement planning, risk tolerance and personalized advice. Though Efficient Advisors offers a complete range of financial planning and management services, the company’s most unique offering is its turnkey asset management method. (In the world of real estate, a turnkey property is one that’s in near-perfect condition and can be moved into right away.) 

Efficient Advisors’ Turn-Key Asset Management system is an online automatic asset allocation system that gives you access to customized investment management. You’ll begin by answering a few questions about your current finances and investing goals. Its system will then select a prebalanced Disciplined Wealth Portfolio and divide your funds among a select group of long-term ETFs and mutual funds.

Claim Profile

Reach out to our team to improve your companies visibilty

EFFICIENT ADVISORS

EFFICIENT ADVISORS

$1,075,054,158
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
N/A
N/A
2,552
Yes
52
8
  • Financial planning services
  • Pension consulting services
Address

1801 MARKET STREET SUITE 1010 PHILADELPHIA PA, 19103

Phone number

267-613-6250

Best For
High Net Worth Individuals

Best Portfolio Analysis: Personal Capital

Personal Capital is a free financial dashboard that keeps track of every aspect of your finances. The app charges $0 to use its investment tools. It is perfect for those looking for an app for budgeting and investment management. 

If you want to upgrade, you can do so with Personal Capital Wealth Management which provides a combination of a pure robo-advisor and a human advisor. You can get extensive tax optimization strategies and a framework to meet your financial goals. To use this service, you will need to have a $100,000 minimum balance.

Best for Risk Management: RTD Financial Advisors

RTD Financial Advisors is one of the top financial advisors in Philadelphia for high net-worth individuals. Though there is no minimum balance required to begin with RTD, most of its clients have portfolios valued at over $2 million. RTD’s primary investing strategy focuses on risk management above everything else. Your team of financial planners and advisors will use a series of indexes and your personal preferences to choose the right asset allocation for your unique goals. 

RTD also focuses on consistent reviews, regularly comparing your portfolio’s growth with others in your risk tolerance group to ensure that you stay on track. No matter if you’re looking for a high-growth, aggressive portfolio or a slow-and-steady route toward retirement, RTD’s associates can help you.

Claim Profile

Reach out to our team to improve your companies visibilty

RTD FINANCIAL ADVISORS INC

RTD FINANCIAL ADVISORS INC

$1,487,447,730
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
N/A
26
183
Yes
88
8
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

30 S. 17TH STREET STE 1620 PHILADELPHIA PA, 19103

Phone number

215-557-3800

Pricing
Depends on Advisor
Account Minimum
$0

Best for Finding Custom Financial Advisors: SmartAsset

Find the right financial advisor to prepare for your future. SmartAsset’s platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country. 

As the first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides you with free and secure access to the financial advisor marketplace and sources advisors that are right specifically for you based on your location, assets and personal preferences. 

Answer a brief survey regarding your preparedness for retirement, investment style and contact information, so SmartAsset’s algorithm can match you with the best financial advisor for you!

Best for Long-Term Investment Solutions: McAdam

McAdam is a financial planning and investment management service primarily focused on providing long-term investment solutions to individuals and businesses. There’s no minimum balance required to work with McAdam’s team, and the company primarily focuses on long-term and retirement investing. McAdam’s primary investment strategy focuses on fundamental analysis of long-term ETFs and mutual funds. 

This strategy helps you build a more diverse portfolio, which limits your risk. If you’re looking for assistance in building a portfolio that will show slow, consistent gains over time, McAdam might be right for you.

Claim Profile

Reach out to our team to improve your companies visibilty

MCADAM LLC

MCADAM LLC

$406,943,009
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
$0
N/A
2,332
Yes
72
8
  • Financial planning services
  • Selection of other advisers (including private fund managers)
Address

1880 JOHN F KENNEDY BOULEVARD 16TH FLOOR PHILADELPHIA PA, 19103

Phone number

(888) 614-5323

Frequently Asked Questions

Q: Can I talk to a financial advisor for free?

A: Yes, your first consultation is always free of charge. After the initial consultation, financial advisors typically charge a minimum of 0.5% to 1% of the AUM per year.

Q: Can financial advisors help debt?

A: Yes, financial advisors specialize in helping you bounce back from debt. They will factor into consideration your income, expenditure, savings, investments and tax returns and other necessary information to create a strategy that can help you pay off your debt quickly.

Q: Do I need a financial advisor for retirement? 

A: Not necessarily. You can always take matters into your own hands and use a robo-advisor. 

Find a Financial Advisor in Philadelphia

There are several great financial advisors that you can choose from in Philadelphia. It’s always best to consult at least 3 advisors so that you can optimally find who works best for you. Your financial future is important for your life planning and peace of mind, so ensure that you make an informed decision before choosing an advisor.

Methodology

To determine the top financial advisors in Philadelphia, Pennsylvania, we pored through all SEC-registered advisory firms who have an office in Philadelphia. To winnow down the list we only included advisors who were registered fiduciaries, had no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.

Read also: BEST FINTECHS IN PHILADELPHIA, RANKED