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Best Hybrid Financial Advisor Firms 2024

January 23, 2024

The investor.com 2024 Annual Awards draw upon our proprietary database of 17,000+ registered investment advisory (RIA) firms in the U.S.

Every month, we collect publicly accessible data from the Securities and Exchange Commission (SEC) IAPD Database; RIA firms are required to file this information annually. We then filter for data points that are incorporated into our proprietary Trust Algorithm. Research for this list spanned more than six months and represents consideration of thousands of data points.

What’s a ‘hybrid’ firm?

Some firms are registered investment advisors, aka RIAs. Other firms are a combo: They’re both RIAs and broker-dealers.

For people seeking financial advice, the big difference between hybrid and non-hybrid firms is that advisors at hybrid firms are not always held to a fiduciary standard. Here at investor.com we are big fans of fiduciary advisors. In fact, the two other categories in our inaugural Annual Awards 2024 for Best Financial Advisor Firms specifically exclude hybrid firms because of the potential for conflicts of interest.

But some of the largest financial advisor firms in the U.S. are hybrid firms, so we chose to help Americans find the best possible hybrid firms out there. The winners below have a strong ethical history and are well-established businesses. If you’re planning to work with a hybrid firm, one of these may be a great fit for you.

Methodology: To qualify for the Best Hybrid Financial Advisor Firm award, firms had to meet the following criteria:

  • Be dually registered: To win our “best hybrid firm” award, the firm must be registered as a registered investment advisor (RIA) and a broker-dealer. That is, they need to be a hybrid firm. Sort of a no-brainer, right?
  • Have a reputable history: All of these firms report minimal disciplinary marks against them and zero conflicts of interest* (other than the two conflicts we allowed for this award: broker-dealer and soft dollar benefits).
  • Be an established business: We limit this award to companies that have been in business for a minimum of 5 years and have at least $100 million in assets under management.

Data as of Dec. 3, 2023

*Data covers the following conflicts of interest: attorney conflict, broker-dealer conflict (allowed for this category), commissions compensation conflict, insurance agency conflict, insurance affiliation conflict, private investment management, proprietary investments, soft-dollar benefit conflict (allowed for this category). See our Trust Algorithm page for more on the conflicts and disciplinary history we track.

Methodology

Click any column header to sort the table, or click any firm to see a detailed review.

Company Overall Assets Under Management Total Clients Total Advisors Average Client Balance
Access Financial Group 5/5 Stars $257.0 million 282 5 $911,363
Accuvest Global Advisors 5/5 Stars $518.0 million 41 4 $12.6 million
ACM 4.5/5 Stars $268.7 million 3 2 $89.6 million
Allspring Funds Management 5/5 Stars $235.2 billion 7,030 12 $33.5 million
Anchor Bay Capital 4.5/5 Stars $182.2 million 240 3 $759,208
Ariel Investments 5/5 Stars $14.8 billion 208 5 $71.3 million
Arnold Weitz & CO 5/5 Stars $270.1 million 35 2 $7.7 million
Arroyo Investment Group 5/5 Stars $219.6 million 312 3 $703,756
Artisan Partners Limited Partnership 5/5 Stars $128.7 billion 269 114 $478.3 million
Atalanta Sosnoff Capital 5/5 Stars $3.9 billion 206 4 $18.7 million
Atalanta Sosnoff Management 5/5 Stars $2.5 billion 479 1 $5.1 million
Axiom Asset Management 5/5 Stars $655.7 million 621 5 $1.1 million
Axos Invest 5/5 Stars $154.5 million 20,459 3 $7,552
Azimut Genesis Advisors 5/5 Stars $288.9 million 169 4 $1.7 million
Baker Street Advisors 5/5 Stars $13.1 billion 465 12 $28.2 million
Banyan Tree Asset Management 5/5 Stars $1.0 billion 42 2 $24.7 million
BC Advisors 5/5 Stars $3.8 billion 113 3 $34.0 million
Brendel Financial Advisors 4.5/5 Stars $208.7 million 271 2 $770,198
Brick & Kyle Associates 5/5 Stars $347.1 million 293 3 $1.2 million
Broadmark Asset Management 5/5 Stars $1.3 billion 3 5 $428.5 million
Callodine Capital Management 4.5/5 Stars $513.5 million 6 5 $85.6 million
Caruso Mclean & Co 5/5 Stars $197.0 million 127 6 $1.6 million
Central Trust Bank 5/5 Stars $448.7 million 8 2 $56.1 million
Champlain Investment Partners 5/5 Stars $16.0 billion 94 14 $170.1 million
Class VI Family Office 4.5/5 Stars $1.0 billion 153 6 $6.6 million
Column Capital Advisors 5/5 Stars $1.3 billion 423 16 $3.0 million
Concentus Wealth Advisors 5/5 Stars $700.0 million 279 7 $2.5 million
Congress Asset Management Company 5/5 Stars $10.1 billion 6,423 13 $1.6 million
Cook Pine Capital 5/5 Stars $386.4 million 5 4 $77.3 million
Cullinan Associates 5/5 Stars $1.9 billion 942 8 $2.0 million
Curran Wealth Management 5/5 Stars $513.4 million 345 3 $1.5 million
Davis Selected Advisers 5/5 Stars $19.9 billion 148 11 $134.4 million
Delta Asset Management 5/5 Stars $1.2 billion 564 5 $2.2 million
Dmkc Advisory Services 5/5 Stars $476.8 million 419 10 $1.1 million
Dolan Mceniry Capital Management 5/5 Stars $9.5 billion 4,433 13 $2.1 million
Dorsey, Wright & Associates 5/5 Stars $657.8 million 967 13 $680,235
Drexel Morgan & Co 5/5 Stars $365.0 million 12 2 $30.4 million
E. A. Horwitz 5/5 Stars $195.1 million 347 10 $562,189
Eukles Asset Management 5/5 Stars $284.4 million 449 6 $633,483
Eulav Asset Management 5/5 Stars $4.0 billion 7 5 $564.3 million
Feldstein, Steven DBA Steven Feldstein & Associates 5/5 Stars $103.4 million 701 1 $147,520
Financial Security Solutions, Corp 5/5 Stars $122.7 million 275 3 $446,295
Flagship Wealth Advisors 4.5/5 Stars $288.7 million 372 4 $776,173
Frontier Capital Management CO 5/5 Stars $9.3 billion 45 19 $206.5 million
Gamco Asset Management 5/5 Stars $10.6 billion 1,750 6 $6.1 million
Gerald Baker Financial Groupdba Baker Financial Services 5/5 Stars $678.3 million 357 4 $1.9 million
Harbor Investment Advisory 5/5 Stars $4.2 billion 3,021 29 $1.4 million
Harding Loevner 5/5 Stars $47.7 billion 4,702 4 $10.2 million
Harvey Investment Company 5/5 Stars $869.1 million 189 5 $4.6 million
Hesen & Haslam 4.5/5 Stars $176.9 million 258 2 $685,842
Homestead Advisers Corp 5/5 Stars $7.0 billion 2 8 $3.5 billion
Kelleher Financial Advisors 5/5 Stars $470.7 million 284 4 $1.7 million
Lebenthal Diversified Asset Management 5/5 Stars $572.4 million 73 1 $7.8 million
Ledge Wealth 4.5/5 Stars $350.9 million 310 4 $1.1 million
Legacy Consulting Group 5/5 Stars $269.2 million 166 4 $1.6 million
Lisanti Capital Growth 5/5 Stars $758.0 million 20 2 $37.9 million
LSV Asset Management 5/5 Stars $91.1 billion 269 14 $338.7 million
Madison Investment Advisors 5/5 Stars $12.9 billion 14,261 27 $908,062
Mainline West Fund Manager 5/5 Stars $1.8 billion 104 4 $17.3 million
Marketriders 5/5 Stars $604.9 million 496 2 $1.2 million
Mercadien Asset Management 5/5 Stars $223.0 million 135 5 $1.7 million
Monongahela Capital Management 5/5 Stars $672.9 million 425 9 $1.6 million
MTM Financial Group 5/5 Stars $488.2 million 1,249 7 $390,886
Muhlenkamp & CO 5/5 Stars $344.8 million 56 4 $6.2 million
New Vernon Wealth Management 5/5 Stars $430.8 million 172 1 $2.5 million
Orion Investment CO 5/5 Stars $399.7 million 561 4 $712,424
Orion Portfolio Solutions 5/5 Stars $53.3 billion 218,212 117 $244,180
Paskin & Berler Capital Advisors 5/5 Stars $309.4 million 60 1 $5.2 million
Payden & Rygel 5/5 Stars $126.9 billion 477 130 $266.0 million
Phillips and Company Advisors 5/5 Stars $1.2 billion 1,080 14 $1.1 million
Philosmith Capital Corporation 5/5 Stars $315.9 million 3 6 $105.3 million
Physicians Financial Services 5/5 Stars $306.0 million 212 2 $1.4 million
Ramirez Asset Management 5/5 Stars $9.1 billion 809 5 $11.3 million
RCM Robinson Capital Management 5/5 Stars $132.9 million 10 1 $13.3 million
Renaissance Investment Management 5/5 Stars $2.2 billion 994 7 $2.2 million
Retirement Plan Advisors 5/5 Stars $1.1 billion 7,033 35 $156,035
River Road Asset Management 5/5 Stars $7.8 billion 107 23 $72.9 million
Salem Partners Advisors LLC DBA Salem Partners Wealth Management 5/5 Stars $330.9 million 40 4 $8.3 million
Sendero Wealth Management 5/5 Stars $3.9 billion 294 16 $13.4 million
Shapiro Capital Management 5/5 Stars $3.8 billion 821 1 $4.6 million
Shelton Capital Management 5/5 Stars $3.5 billion 947 6 $3.7 million
Shufro, Rose & Co 5/5 Stars $1.8 billion 1,344 9 $1.3 million
Smartx Advisory Solutions 4.5/5 Stars $17.6 billion 60 5 $292.6 million
Southstate Advisory 5/5 Stars $3.1 billion 262 15 $11.9 million
Spirit of America Management Corp 5/5 Stars $568.7 million 40 12 $14.2 million
Stacey Braun Associates 5/5 Stars $3.6 billion 1,043 9 $3.5 million
Strategic Wealth Management Group 5/5 Stars $568.7 million 319 5 $1.8 million
Stratos Investment Management 4.5/5 Stars $1.1 billion 3 2 $379.3 million
Stratos Wealth Advisors 4.5/5 Stars $3.5 billion 4,948 60 $717,343
Sustainable Growth Advisers 5/5 Stars $18.4 billion 368 17 $50.0 million
TA Realty 5/5 Stars $2.2 billion 21 73 $104.0 million
Teton Advisors 5/5 Stars $569.6 million 15 1 $38.0 million
Texas Capital Bank Private Wealth Advisors 4.5/5 Stars $3.1 billion 606 33 $5.2 million
The Kocen Financial Group 5/5 Stars $122.5 million 220 6 $556,843
The Pinnacle Financial Group 5/5 Stars $801.5 million 3,072 36 $260,920
The Wealth Group 5/5 Stars $208.9 million 358 6 $583,405
Timecapital Investor Advisory Services 5/5 Stars $240.3 million 275 1 $873,932
Townsquare Capital 4.5/5 Stars $6.3 billion 7,049 89 $886,760
W Advisors 5/5 Stars $162.7 million 88 2 $1.8 million
Welch & Forbes 5/5 Stars $6.8 billion 807 12 $8.4 million
Westend Advisors 5/5 Stars $1.5 billion 3,525 12 $413,372
Westfuller Advisors 4.5/5 Stars $1.3 billion 76 6 $16.8 million
Wright Investors Service 5/5 Stars $1.3 billion 126 8 $10.3 million
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2024 Annual Awards

Our 2024 Annual Awards recognize the best financial advisor firms in three categories. In addition to this page, click to visit:







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