Top RIA Firms to Watch in 2020

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Written by investor.com

September 12, 2023

As the new year kicks off, more than half of Americans surveyed have vowed to improve their finances. But, as they research different financial professionals, how will they know how to choose a financial advisor they can trust?

That's where investor.com comes in.

Our search experience enables Americans to quickly pull a report for over 17,000 financial advisor firms. Using the same search experience, Americans can find a highly rated RIA firm in their state. We’ve made it even easier to find a financial fiduciary with the release of our 2020 Firms to Watch list.

The 94 financial advisory firms listed below were selected using our rigorous Trust Algorithm, which at the time of this study sorted through 23 million data points from the SEC, FINRA and manual compilations. In particular, the qualifiers for the 2020 Firms to Watch are as follows: 

  • The firms hold fiduciary status.
  • They have a secure website.
  • They have a fee-only model.
  • They do not have common conflicts of interest.
  • They do not have a 12b-1 conflict.
  • They wrapped up 2019 with clean disciplinary records.

It is important to note that the list is not based on how many years these advisory firms have been registered or their total assets under management (AUM); it is based on the fact that they are doing business the right way.

We applaud these firms for their commitment to fiduciary advice and putting the interests of their clients first, and we’re excited to see how they grow and shape the industry in 2020.

Congratulations!

Company Overall Assets Under Management Total Clients Total Advisors Average Client Balance
Alpha Financial Advisors 5/5 Stars $353.6 million 239 7 $1.5 million
Altman Investment Management 5/5 Stars $111.1 million 42 3 $2.6 million
Arbor Wealth Advisors 5/5 Stars $514.3 million 65 1 $7.9 million
Arcadia Investment Advisors 5/5 Stars $227.3 million 284 2 $800,437
Aspen Capital Management 5/5 Stars $850.4 million 233 6 $3.6 million
Aufman Associates 5/5 Stars $716.1 million 237 3 $3.0 million
Avier Wealth Advisors 5/5 Stars $641.3 million 546 11 $1.2 million
BCR Wealth Strategies 5/5 Stars $347.0 million 329 10 $1.1 million
Bemanaged 5/5 Stars $405.8 million 1,376 3 $294,900
Cape ANN Capital 5/5 Stars $166.9 million 246 3 $678,295
Capital Resource Management 5/5 Stars $492.0 million 46 1 $10.7 million
Carswell Investments 5/5 Stars $227.6 million 158 1 $1.4 million
Clinton Investment Management 5/5 Stars $1.7 billion 716 6 $2.4 million
Comperio Retirement Consulting 5/5 Stars $1.7 billion 33 3 $52.9 million
Conservest Capital Advisors 5/5 Stars $1.5 billion 268 6 $5.7 million
Corrigan Financial 5/5 Stars $931.9 million 1,091 11 $854,186
Crosspoint Capital Management 4.5/5 Stars $77.0 million 404 2 $190,594
DE Groote Financial Group 5/5 Stars $582.7 million 354 2 $1.6 million
Denali Wealth Management 5/5 Stars $210.2 million 231 6 $909,887
DHK Financial Advisors 5/5 Stars $1.3 billion 55 2 $23.7 million
Dover Partners 5/5 Stars $394.9 million 38 3 $10.4 million
Enright, Mollin, Cascio & Ramusevic 5/5 Stars $219.9 million 105 1 $2.1 million
Foster Group 5/5 Stars $3.1 billion 1,814 41 $1.7 million
Frank, Rimerman Advisors 5/5 Stars $1.7 billion 93 2 $18.3 million
Frontier Asset Management 5/5 Stars $5.9 billion 4,289 11 $1.4 million
Fund Direct Advisors 5/5 Stars $524.0 million 233 4 $2.2 million
Gibson Capital 5/5 Stars $2.1 billion 194 6 $10.7 million
Gutt Financial Management 4/5 Stars $135.7 million 50 1 $2.7 million
Hanson & Doremus Investment Management 5/5 Stars $606.4 million 503 7 $1.2 million
Hodge Financial Services 5/5 Stars $147.0 million 53 1 $2.8 million
Ironwood Wealth Management 5/5 Stars $539.5 million 439 6 $1.2 million
Kuhn Advisors 5/5 Stars $631.9 million 268 3 $2.4 million
Lumin Financial 5/5 Stars $175.5 million 142 3 $1.2 million
M.Z. Kark & Associates 5/5 Stars $286.2 million 157 2 $1.8 million
Madden Funds Management 4/5 Stars $164.6 million 225 2 $731,587
Marquette Associates 5/5 Stars $838.5 million 18 3 $46.6 million
Mercer Global Advisors 5/5 Stars $35.1 billion 25,171 354 $1.4 million
Mill Creek Capital Advisors 5/5 Stars $7.9 billion 425 24 $18.5 million
Moler Capital Management 5/5 Stars $158.6 million 79 2 $2.0 million
Monograph Wealth Advisors 5/5 Stars $1.8 billion 176 5 $10.1 million
Pacific Asset Management 5/5 Stars $254.8 million 372 5 $684,946
Paratus Financial 4.5/5 Stars $511.4 million 70 1 $7.3 million
Park Place Capital Corporation 4.5/5 Stars $854.4 million 221 5 $3.9 million
Pinney & Scofield 5/5 Stars $576.3 million 283 3 $2.0 million
Potomac Fund Management 5/5 Stars $1.4 billion 1,358 19 $1.0 million
Pronvest 5/5 Stars $779.6 million 12,398 2 $62,883
Prudent Management Associates 5/5 Stars $1.0 billion 252 4 $4.1 million
Retirement Fund Management 5/5 Stars $660.9 million 12 1 $55.1 million
Riverbend Capital Advisors 5/5 Stars $601.8 million 217 3 $2.8 million
Robinswood Financial 5/5 Stars $305.7 million 370 5 $826,093
Servus Capital Management 5/5 Stars $23.2 million 280 1 $82,769
Smart Portfolios 5/5 Stars $114.6 million 136 4 $842,600
Spectrum Financial Management 5/5 Stars $185.9 million 140 1 $1.3 million
Steele Capital Management 5/5 Stars $2.3 billion 1,569 11 $1.5 million
Stolper & Co 5/5 Stars $580.9 million 104 2 $5.6 million
Summit Portfolio Management 5/5 Stars $147.8 million 110 3 $1.3 million
Symmetry Partners 5/5 Stars $6.5 billion 12,118 20 $537,290
TFC Financial Management 5/5 Stars $1.4 billion 394 8 $3.5 million
Thalassa Capital 4.5/5 Stars $77.0 million 82 2 $939,369
The Nestegg Group 5/5 Stars $221.9 million 203 3 $1.1 million
The Wealth Collaborative 5/5 Stars $593.3 million 243 2 $2.4 million
Thomas J. Herzfeld Advisors 5/5 Stars $640.0 million 301 4 $2.1 million
Tobias Financial Advisors 5/5 Stars $641.0 million 313 7 $2.0 million
Ward & Associates 5/5 Stars $170.8 million 47 2 $3.6 million
Websterrogers Financial Advisors 5/5 Stars $303.2 million 294 7 $1.0 million
Wela Financial Advisory 5/5 Stars $505.8 million 473 4 $1.1 million
Whelan Financial 5/5 Stars $453.1 million 382 7 $1.2 million
Willow Creek Wealth Management 5/5 Stars $1.5 billion 918 9 $1.7 million
Wingate Wealth Advisors 5/5 Stars $1.1 billion 642 14 $1.7 million
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