Financial Services

FA 100: CNBC ranks the top-rated financial advisory firms of 2023


Finding the right financial advisor to help with your financial needs and goals can be a very complicated process.

There are so many things to consider.

For example, every financial advisor has their own area of expertise. The services provided by financial advisors will vary based on the type of advisor but, overall, a financial advisor will assess your current financial situation — including your assets, debts and expenses — and identify areas for improvement.

Advisors use their knowledge and expertise to construct personalized financial plans that aim to achieve the financial goals of clients. A good financial advisor will ask you about your life goals and create a plan to help you reach them. That may mean discussing your budget, retirement planning, estate planning, insurance needs, long-term care or tax strategies.

More from FA 100:

Here’s a look at more coverage of CNBC’s FA 100 list of top financial advisory firms for 2023:

A financial advisor can play a major role in helping clients grow and protect their wealth. The key is to find an advisor you trust, and it’s important to make sure they are someone who is a good match for you.

To be sure, financial advisors aren’t just for rich people — working with an advisor is a great choice for anyone who wants to get their personal finances on track and set long-term objectives. The CNBC ranking is meant to be a starting point for individual investors who are looking for a financial advisor. We hope this list will help to narrow your search.

For the fifth year in a row, CNBC unveils its ranking of top financial advisors. The CNBC FA 100 recognizes those advisory firms that best help clients navigate their financial lives.

Review the methodology which CNBC employed to determine the FA 100 ranking for 2023 in collaboration with AccuPoint Solutions. (Editor’s note: CNBC receives no compensation from placing financial advisory firms on our list. Additionally, an advisor’s appearance on our ranking does not constitute an individual endorsement by CNBC of any firm.)

2023 FA 100 List

2023 RANK FIRM HQ TOTAL AUM YEARS IN THE BUSINESS ACCOUNTS UNDER MANAGEMENT 2022 RANK
1 Luther King Capital Management TX $25.3B 44 3,600 32
2 Heritage Investment Group FL $1.5B 30 2,002 4
3 Eubel Brady & Suttman OH $1.8B 29 1,760
4 Leavell Investment Management AL $2.4B 44 2,400 7
5 Dana Investment Advisors WI $6.9B 43+ 1,490 2
6 Parsons Capital Management RI $1.6B 30 1,734 12
7 Beaird Harris TX $1.3B 27 2,852 44
8 Halbert Hargrove Global Advisors CA $2.7B 34 4,240 8
9 The Burney Company VA $2.5B 49 4,229 9
10 Sheaff Brock Investment Advisors IN $1.2B 22 1,947 68
11 Pittenger & Anderson NE $2.4B 28 1,974 13
12 Godsey & Gibb Wealth Management VA $1.2B 38 1,705 22
13 Wetherby Asset Management CA $7.2B 33 603 20
14 Avity Investment Management CT $1.5M 53 761 29
15 Phillips Financial IN $1.7B 19 2,648 24
16 Acropolis Investment Management MO $2.1B 20 4,030 21
17 First Foundation Advisors CA $5.3B 33 4,054 33
18 Chilton Capital Management TX $1.8B 27 1,747
19 ML&R Wealth Management TX $2B 26 3278 73
20 Traphagen Financial Group NJ $1.1B 25 1,720
21 Ferguson Wellman Capital Management OR $7.7B 48 969 17
22 Sage Financial Group PA $3B 34 3,567 63
23 RTD Financial Advisors PA $2B 40 712 18
24 SJS Investment Services OH $2.1B 28 919
25 Madison Wealth Management OH $1.1B 23 2,495
26 Quest Investment Management OR $1.5B 38 93
27 Salem Investment Counselors NC $3.7B 44 2,600 6
28 Sawgrass Asset Management FL $2.1B 25 227
29 Retirement Resources Investment Corporation MA $1.3B 17 249
30 California Financial Advisors CA $1.6B 25 3,216 27
31 Woodley Farra Manion IN $1.6B 28 1,156 1
32 E. S. Barr & Co. KY $1.5B 30+ 848 86
33 H.M. Payson & Co. ME $6.3B 169 3,750 35
34 YCG Investments TX $1.2B 16 247
35 Scharf Investments CA $4.3B 40 6,381
36 Van Hulzen Asset Management CA $1.4B 22 2,222
37 Sage Advisory Services TX $15.3B 26 4,888
38 Southeast Asset Advisors GA $3.2B 30 1,296
39 YHB Investment Advisors CT $1.5B 33 2,660
40 ZWJ Investment Counsel GA $3.5B 41 1,900 38
41 Albion Financial Group UT $1.5B 41 2,288 3
42 Ami Asset Management CA $1.5B 28 1,260
43 Lee, Danner & Bass TN $1.5B 35 950 10
44 NorthStar Asset Management MA $670M 32 503
45 Zevenbergen Capital Investments WA $4.3B 36 243 36
46 Foster & Motley Wealth Management OH $2B 26 816 42
47 Southern Wealth Management TX $2.3B 18 2,061 43
48 Thompson Investment Management WI $2.4B 19 779
49 Trumbower Financial Advisors MD $1.6B 27 167
50 Wilbanks, Smith & Thomas Asset Management VA $5.2B 32 5,275 45
51 Steele Capital Management IA $2.3B 27 3,911 49
52 Wedge Capital Management NC $8.1B 36 258
53 Eagle Global Advisors TX $1.9B 26 400 51
54 Roffman Miller Associates PA $2.4B 32 1,300 54
55 J.M. Forbes & Co. MA $1B 63 932
56 Professional Advisory Services FL $1B 46 1,169 15
57 Paragon Capital Management CO $1B 33 737
58 Tanglewood Total Wealth Management TX $1.2B 45 1,252
59 D.F. Dent & Co. MD $8.5B 47 1,350 93
60 Conrad Siegel Investment Advisors PA $6.9B 21 873 70
61 Lee Financial TX $1.2B 48 3,500 53
62 Frank, Rimerman & Co. CA $1.7B 21 356
63 Guyasuta Investment Advisors PA $2B 40 1,350 37
64 JMG Financial Group IL $4.5B 38 4,560 61
65 Marble Harbor Investment Counsel MA $1B 17 506
66 Evergreen Capital Management WA $3.8B 39 2,659
67 Bloom Advisors MI $1.2B 39 1,165
68 Manchester Capital Management VT $3.7B 30 271 23
69 Palisade Capital Management NJ $4.2B 33 2,199 56
70 Austin Asset TX $1.4B 36 425
71 Prio Wealth Management MA $3.2B 35 1,765
72 Stack Financial Management MT $1.8B 29 1,526
73 Azzad Asset Management VA $1.3B 26 1,528 25
74 WBH Advisory MD $1.1B 37 2,121
75 Jackson Thornton Asset Management AL $1.5B 24 927 88
76 David Vaughan Investments IL $3.9B 46 3,520 40
77 Obermeyer Wood Investment Counsel CO $1.8B 25 2,344
78 Legacy Wealth Management TN $1.9B 41 4,214 75
79 Private Management Group CA $4B 38 2,500
80 Northside Capital Management OR $4.6B 24 514
81 Thompson, Siegel & Walmsley VA $17.5B 53 4,952
82 FCI Advisors KS $12.8B 29 13,818
83 Index Fund Advisors CA $4.7B 24 2,442 66
84 Congress Asset Management MA $10B 38 6,423
85 Natural Investments CA $1.8B 38 4,100
86 Wacker Wealth Partners CA $1.1B 35 707
87 Henssler Financial GA $2.8B 36 4,001 83
88 Highland Capital Management TN $3.5B 36 850
89 Alta Capital Managementl UT $1.4B 42 1,572
90 Fiduciary Advisors MO $1.1B 23 349
91 Endurance Wealth Management RI $1B 14 778
92 Gibson Capital PA $2B 34 1,000
93 Turtle Creek Management TX $3.1B 17 505
94 Wingate Wealth Advisors MA $1B 37 645 74
95 The Financial Advisory Group TX $1.1B 26 2,300 90
96 R.M. Davis ME $5.7B 45 5,599
97 Confluence Investment Management MO $6.9B 15 17,616
98 Richard C. Young & Co. FL $1.3B 34 1,963 26
99 Investment Consulting Group IA $2.1B 33 766
100 Charles D. Hyman & Co. FL $2.1B 29 956 80
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