How Do the Top Florida Wealth Managers Compare on Fees?
The wealth management firms headquartered in Florida that publish their advisory fees span Miami, Palm Beach, Naples, Tampa and Jacksonville — markets that have drawn a wave of relocating wealth in recent years — and all serve high-net-worth families. The list below ranks the 25 lowest-fee Florida-based firms in our dataset meeting our quality bar — at least 50 high-net-worth clients, $500 million or more in high-net-worth assets, and a transparent fee schedule.
Fee estimates use each firm's most recent SEC Form ADV Part 2A regulatory filing. For each firm we apply their published tier schedule to a $10 million portfolio and compute both the annual dollar fee and the blended rate. Firms whose disclosed minimum account size exceeds $10 million, and ultra-high-net-worth shops whose average client AUM is above $75 million (and so are unlikely to accept a $10M account), are excluded.
Actual fees may vary; other investment costs may apply.
Methodology
- Universe: RIAs headquartered in Florida
- Portfolio size: $10 million
- Fee calculation: Blended rate across all disclosed fee tiers, applied to a $10 million portfolio
- Minimum clients: 50+ high-net-worth clients
- Avg client portfolio: $3 million to $75 million (ultra-high-net-worth shops excluded — unlikely to accept a $10M account)
- Minimum high-net-worth assets: $500 million across all high-net-worth clients
- High-net-worth focus: High-net-worth assets at least 30% of total firm assets
- Exclusions: Firms with negotiable-only fee rates, and firms with a disclosed minimum account size above $10 million
- Source: SEC Form ADV Part 2A regulatory filings, filed within the last 18 months. Estimates use the upper rate for disclosed ranges and the stated maximum for maximum-only disclosures.
Mg&a Wealth
MG&A Wealth (legally Meg Green & Associates) was founded in 1984 by Meg Green and is now principally owned by Todd Battaglia. Portfolios are invested through SEI mutual fund programs, outside managers on third-party platforms, or the firm's own models of ETFs, mutual funds and stocks. Outside manager fees (0.25% to 0.60%) and platform program fees (0.07% to 0.13%) are charged on top of MG&A's fee, and assets in its private investments program are billed at 1.00%. The firm also has offices in San Juan and London.
Harvey Capital Management Inc.
Founded in 1996 by Robert D. Harvey, Harvey Capital Management is owned by members of the Harvey family; Alexander Harvey is President and CEO. The firm invests directly in individual stocks and bonds, using bottom-up fundamental and technical analysis without sticking to a single investment style. Fees are charged on each account separately and billed quarterly in arrears.
Professional Advisory Services Inc.
Professional Advisory Services was founded in 1977 by Kenneth Ligon and Ronald Jaffe, M.D., and is now owned and run by the second generation of both families, David Jaffe, M.D. and Carol Ligon Bieber. An investment committee picks individual high-quality stocks and investment-grade corporate and municipal bonds directly for client portfolios. Fees are billed quarterly in arrears.
Benchmark Financial Wealth Advisors LLC
Benchmark Financial Wealth Advisors traces its roots to Benchmark Financial Group, founded in 1999, and has been SEC-registered since 2017. It is owned through Benchmark Financial Group by Roger Kalina and Timothy Devlin. Client assets are often placed with outside money managers on the Fidelity and Orion platforms; their fees (up to 1.81%) and platform fees (0.12% to 0.50%) are paid in addition to Benchmark's fee. Advisors can also sell fixed insurance through an affiliated agency. Additional offices in Sunrise and Jupiter, FL.
J. L. Bainbridge & Co., Inc.
Founded in 1981, J.L. Bainbridge is primarily owned by Jerry and Fay Bainbridge, with several employees holding minority stakes. The firm picks individual stocks for its growth program, focusing on established U.S. companies, and runs a separate income program of stocks, bonds, funds, CDs and Treasuries that is billed at a flat 0.45%. Fees are billed semi-annually in arrears, and most strategies exclude cash from the fee.
Blue Ocean Capital
Blue Ocean Capital (legally CPA Asset Management Group) was founded in 1997 by Mark Elhilow and Greg Smith; Elhilow is the principal owner. Portfolios can hold stocks, bonds, mutual funds, ETFs, outside managers, hedge funds and private placements. The firm also offers family office services and tax preparation and accounting, which can be engaged separately. Fees are billed quarterly in arrears.
Bayshore Wealth Advisors
Bayshore Wealth Advisors has provided advisory services since 2007 and is owned by the Bustamante family. Portfolios consist mainly of passively managed, no-load mutual funds and ETFs, with customized bond ladders for fixed income; qualified clients may also be allocated to private funds. Individual bond portfolios are managed by an outside fixed income manager, Focus Partners Advisor Solutions.
Rainey & Randall Wealth Advisors, Inc.
Rainey & Randall Wealth Advisors was formed in 1999 and is owned by Michael Rainey and Wayne Randall. The firm specializes in the McDonald's community, including franchise owners, retired owners and corporate executives. Portfolios are built mainly from mutual funds and ETFs with some individual stocks and bonds, and an options strategy that sells covered calls and puts is available. The rates shown are maximums for each tier and can be negotiated.
Fourthought Financial Partners, Llc.
FourThought traces its origins to 1968, when Sam Pinkerton opened an A.G. Edwards office in Venice, FL, and was previously known as Pinkerton Private Wealth. Since 2022 it has been a wholly owned subsidiary of Focus Financial Partners, which is majority-owned by private equity firm Clayton, Dubilier & Rice, with Stone Point Capital also an owner. Portfolios combine mutual funds, ETFs, individual stocks and bonds, structured notes, REITs and outside managers, with private placements for eligible clients. Assets in laddered bond portfolios are billed at a lower rate.
Firestone Capital Management Inc.
Firestone Capital Management has been registered with the SEC since 1991 and is owned by its three partners, Carlos Carbonell, Anthony Poppe and Jerad Waggy. The firm builds globally diversified portfolios of mutual funds, ETFs and individual bonds and rebalances them periodically; it generally does not research or recommend individual stocks. Relationships over $5 million are billed on a separate, lower schedule that starts at 0.75% on the first $5 million and declines to 0.35%, so estimates for larger accounts shown here are somewhat high.
Naples Global Advisors
Naples Global Advisors was founded in 2011 and is employee-owned. The firm picks individual stocks directly using a global, multi-cap value approach that includes small and foreign companies, alongside mostly investment-grade bonds. Fees are billed monthly in arrears. It also operates in Vero Beach as Vero Beach Global Advisors.
Tobias Financial Advisors
Tobias Financial Advisors has been in business since 1980, starting as a public accounting firm, and has been a registered investment adviser since 1989. It is majority-owned by Marianela Collado and Matthew Saneholtz, with several employees holding minority stakes. Portfolios use mutual funds, ETFs and individual stocks and bonds, and may include sub-advisers or outside managers whose fees are added to Tobias's fee. The schedule shown is for its wealth management service, which includes financial planning; investment management alone costs 1.25% on the first $500,000 and 1.00% above.
Heritage Investment Group, Inc.
Heritage Investment Group was founded in 1993 to manage portfolios for clients of a South Florida estate planning law firm and is affiliated with the law firm MacLean, Ema & Aulet. It is owned by its principals and their family trusts. Portfolios consist mainly of ETFs and no-load institutional mutual funds, with hedge funds, private equity or REITs added where appropriate. The fee schedule is applied to each account separately, and assets placed with sub-advisers such as Dimensional Fund Advisors, SyntheticFi or SpiderRock incur their fees in addition. Additional offices in Orlando and Tampa.
Evensky & Katz/foldes Wealth Management
Evensky & Katz was founded in 1985 by Harold Evensky and in 2014 acquired Foldes Financial Management, founded in 1996 by former Evensky adviser Steve Foldes. The firm is owned by 16 of its advisors and employees. Portfolios are built mainly from no-load mutual funds and low-cost index funds and ETFs, including Dimensional Fund Advisors funds; individual stocks and bonds are generally bought only at a client's request. Additional offices in Bellevue, WA and Lubbock, TX.
Dock Street Asset Management Inc.
Dock Street Asset Management has provided investment advice since 1989 and is majority-owned by its chairman, Daniel Ogden. The firm picks individual stocks directly, favoring companies with high returns on invested capital, low debt and reasonable valuations, and may write options. It focuses on owners of home service businesses. The fee is charged on total household assets.
Koss-olinger Consulting, Llc.
Koss Olinger traces its history to 1969, when Koss Olinger Financial Group was founded as an independent financial planning firm; its advisory business became a separate company in 2009 and is owned by Kirk Klein, William Rossi III and Brian Watson. Portfolios hold stocks, bonds, ETFs and mutual funds and may use covered calls, and a small share of clients use outside managers through Valmark Advisers. Some advisors are also registered representatives of Valmark Securities and insurance agents and can earn commissions. Additional office in Greenville, SC.
Whalerock Point Partners, LLC
WhaleRock Point Partners was formed in 2006 and is owned by managing partner Bradley Dorman, the majority shareholder, and Tyson Reed. Portfolios are tailored to each client's investment policy and can include individually held bonds managed with the firm's in-house tools. Most clients pay a single flat rate of up to about 1.1%, set by account size and complexity, rather than the tiered schedule shown; fees are billed monthly in arrears. Additional office in Rhode Island.
Fortress Wealth Planning
Fortress Wealth Planning was founded in 2017 and is owned by partners Eileen Ortega, Michael Skowfoe and Jay Rolfe, who previously worked at Wells Fargo Private Bank and Hightower Advisors. The firm combines ongoing financial planning with portfolio management and may use outside managers, whose fees are charged in addition, with total fees capped at 2% of assets. Accounts invested entirely in fixed income may be charged a lower, negotiated fee.
Intellus Advisors, LLC
Intellus Advisors was organized in 2017 and is owned by Bart Lewis and Karen Chancy through holding companies. Portfolios combine stocks, bonds, mutual funds and ETFs, sometimes with a portion assigned to outside managers, and may include private placements or other alternatives, which can change the fee. Additional office in Sarasota.
Slatestone Wealth LLC
SlateStone Wealth was founded in 2017 by co-CEOs Patrick Tylander and Sharon Daniels, who control the firm through SlateStone Holdings. Temperance Wealth Partners, a private investment firm backed by family office capital, acquired a minority stake in 2024. The firm selects individual stocks in-house, combining a top-down view of the economy and sectors with fundamental and quantitative screening. Additional offices in Davie and Weston, FL, and Madison, WI.
Noesis Capital Management Corp.
Founded in 1995, Noesis Capital Management is owned by Nico and Ellen Letschert. The firm picks individual stocks directly, favoring profitable market leaders with strong balance sheets at reasonable valuations, and holds a moderately diversified portfolio that includes foreign companies. Many clients are U.S. expats, foreign nationals living in the U.S., and globally mobile families; an affiliated firm, Noesis B.V., is based in the Netherlands.
Augustine Asset Management Inc.
Augustine Asset Management was founded in 1985 and is privately owned; President Jeffrey Bernardo holds the largest stake, and members of the Demetree family are also shareholders. The firm manages its own strategies, including a global equity portfolio of individually selected stocks and actively managed bond portfolios, and allocates each client's assets among them. Fees are billed quarterly in arrears.
Activest Wealth Management, LLC
Activest began as a Florida-registered adviser in 2011 and registered with the SEC in 2018. It is owned by Isaac Wakszol (59%), Eduardo Brender (30%) and Jacobo Taurel (10%) through holding companies. The firm operates as a multi-family office, offering custom or model portfolios plus alternatives such as real estate and mezzanine loans, and also manages portfolios for issuers of structured notes and exchange-traded products. Fees are billed quarterly in arrears, and alternatives held away from the custodian are included in the fee base. Office in Zurich.
Provenance Wealth Advisors
Provenance Wealth Advisors has provided investment advice since 2000. It shares common ownership with Paradigm Financial Group, whose members come from the accounting firm Berkowitz Pollack Brant and which is paid for referring clients. Portfolios mainly hold individual stocks, ETFs, mutual funds and bonds. Some advisors are registered representatives of an affiliated broker-dealer or insurance agents and can earn commissions. Additional offices in Miami, Boca Raton, West Palm Beach, New York and Mason, Ohio.
Agw Capital Advisors
AGW Capital Advisors was founded in 2009 by Jay Annis, P.J. Gardner and Paul Whiting, who remain its principal owners. Alongside private wealth management, the firm advises institutional clients. Portfolios are built around asset allocation and the selection of outside investments, including mutual funds, ETFs and third-party separately managed accounts, whose fees are charged in addition to AGW's fee.