Top 10 Financial Advisors in Alabama

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Waverly Advisors is a fee-only firm that works with both high-net-worth and non-high-net-worth individuals, as well as banks, investment companies, pooled investment vehicles, retirement plans, charities, insurance companies and businesses.

According to the firm’s brochure, new retail clients are subject to a $5,000 annual minimum advisory fee, and 401(k) plan clients are subject to a $15,000 annual minimum advisory fee.

Waverly says that it uses a range of investment strategies that are organized by investment objectives and approaches. These can include buy and hold (long-term asset allocation with periodic rebalancing), active and tactical (proactive allocation based on market trends and analysis), and customized (tailored strategies to meet specific client needs).

The firm provides a broad set of services for individual clients. These include investment management services, where the firm supervises and manages assets held at institutional custodians on a continuous basis, and advisement services, which are periodic, non-discretionary reviews and recommendations for accounts held elsewhere.

Clients can also request financial planning and consulting services, covering areas like retirement, tax and estate planning.

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Aptus Capital Advisors is a fee-based firm that offers financial advisory services to both high-net-worth and non-high-net-worth individuals, as well as investment companies.  

While the standard minimum investment requirement is $50,000, Aptus Capital Advisors may adjust this minimum at their discretion under specific circumstances.

Because Aptus Capital is a fee-based firm, its advisors may earn commissions from selling certain securities. This can pose a potential conflict of interest, but advisors must follow a fiduciary duty and put their client’s interests first.

The firm uses a range of services tailored to individual financial needs, including general cash flow planning, retirement planning and insurance analysis.

Aptus Capital typically invests in equities, exchange-traded funds (ETFs), bonds, options and mutual funds. These strategies are tailored to align with the unique needs of their clients, taking into consideration individual circumstances and changes in personal or financial situations.

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RFG Advisory is a fee-based financial advisor firm that serves both individual and institutional clients. These include non-high-net-worth and high-net-worth individuals, as well as retirement plans, charities, government enteties, businesses and trusts.

As a fee-based firm, there is a potential for a conflict of interest as the firm and its advisors can earn commissions for the sale of certain securities. However, the firm is bound by a fiduciary duty to put the needs of each client first. 

RFG offers a range of financial planning and portfolio management services.

Like other firms, it provides tailored investment management services that are based on client financial situations and investment goals. Advisors do this by meeting with clients to determine such information as their tolerance for risk, liquidity needs and time horizon.

Each advisor is different, so investment philosophies and strategies may vary depending on who you happen to work with. However, advisors tend to use a combination of fundamental analysis, technical analysis, charting and cyclical analysis to evaluate potential investments.

They may invest for the long term or short term and may use trading, options writing and margin transactions to help drive growth.

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Stonegate Investment Group is a fee-only firm that works serves a large number of individual clients, both above and below the high-net-worth threshold. Pensions, profit-sharing plans and businesses are also clients of the firm.

The firm does not require clients to maintain a minimum account balance.

As a fee-only firm, Stonegate Advisors does not collect commissions for recommending third-party financial products or insurance.

Stonegate offers both discretionary and non-discretionary investment management to individuals and retirement plans. The firm also provides financial planning and consulting services.

Stonegate's investment strategies are rooted in the individual needs of clients. The sets out to get to know its clients and understand their financial situations, risk profiles, investment objectives, tax situations and liquidity constraints. From there, advisors will invest a client's money across a combination of equity securities, bonds, mutual funds, exchange-traded funds (ETFs), as well as limited partnerships and pooled investment vehicles focusing on alternative asset classes. Stonegate also uses call options, protective put options and long put options in client portfolios.

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As a fee-only firm, Leavell Investment Management is compensated through asset-based management fees, which vary by portfolio. While there is no set account minimum, the firm does impose a minimum annual fee of $5,000 regardless of account size.

The firm works with individuals, high-net-worth individuals, and investment companies, as well as pensions and profit-sharing plans. Clients also include consulting plans, business entities and charitable organizations.

Depending on a client's investment goals, advisors allocate assets across various classes including individual stocks and bonds, mutual funds, exchange-traded funds (ETFs), as well as master limited partnerships, options, real estate investment trusts, and other securities.

Leavell Investment Management prefers fundamental analysis and derives its information from Morningstar reports, fund prospectuses, S&P reports, financial news and other materials. 

The firm's equity management strategy seeks long-term capital growth while mitigating risk through diversification. Its fixed-income management strategy is designed to protect principals with short- and intermediate-term bonds.

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Keel Point is a fee-based firm that works with non-high-net-worth and high-net-worth individuals, pooled investment vehicles, pensions and profit-sharing plans, charitable organizations, government entities and corporations.

The firm requires a $50,000 account minimum for its Core Portfolio Strategies Program and a $150,000 minimum for its Standalone Tactical Program. 

As a fee-based firm, some advisor at Keel Point may collect commissions on certain financial products and insurance. While this can pose a conflict of interest, the firm is a fiduciary and must act solely in its clients’ interests.

Keel Point advisors use both a fundamental and quantitative process to create diversified, long-term portfolios. In addition to the Core Portfolio Strategies Program and Standalone Tactical Program, the firm offers several other investment programs that use statistical modeling to ensure portfolios remain within a client’s defined risk parameters.

The firm’s investment programs generally include equity, fixed income and alternative assets.

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Southern Financial Group is a fee-based firm that primarily works with individuals and high-net-worth individuals. Clients also include charitable organizations and corporations.

While the firm is a fiduciary, some advisors are representatives of a dealer/broker and can earn commissions on certain transactions. As a result, Southern Financial Group is considered a fee-based firm.

Southern Financial Group also charges asset-based fees, as most financial advisors do. The firm has a $50,000 account minimum.

Southern Financial Group’s investment strategy focuses on identifying an appropriate ratio of securities, fixed income and cash that most closely corresponds with a client’s financial goals.

In managing client portfolios, advisors will use long-term purchases, short-term purchases, trading, and on occasion, margin transactions.

The firm invests client assets in a combination of exchange-listed securities, securities traded over the counter, foreign issuers, warrants, corporate debt securities, commercial paper, municipal securities, variable life insurance, variable annuities, mutual funds and U.S. government securities. 

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Meld Financial is a fee-only firm that works with high-net-worth and non-high-net-worth individuals, as well as charities, government entities and businesses.

The firm offers comprehensive financial planning as a base service, as well as single-issue analysis and advisory services.

Meld advisors may also work with clients on a variety of topics, including estate planning, college funding, retirement funding, retirement plan distribution, executive employee compensation analysis and insurance needs, among others.

The firm's investing approach is informed by a combination of charting, technical analysis, fundamental analysis and cyclical analysis.

Meld generally provides investment advice on exchange-listed securities, mutual funds, over-the-counter equities, equities of foreign issuers, exchange-traded funds (ETFs), U.S. government securities, options, commercial paper, warrants, corporate debt securities and alternative investments, including hedge funds and real estate. 

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Anderson Growth Partners (AGP) is a fee-based advisory firm that serves both non-high-net-worth and high-net-worth individuals.

AGP says in its brochure that clients are required to have a minimum investment of $25,000. Advisory fees are charged on a percentage of assets under management.

Investment strategies at AGP typically involve long-term investments in three areas: hedge funds (more liquid), private equity funds (more illiquid) and direct investments in individual companies.

Hedge and private equity funds may use techniques such as hedging, leverage and shorting. Direct investments require hands-on monitoring, analysis and due diligence of the underlying companies.

The firm uses data to track short- and long-term performance. The process includes screening potential opportunities and monitoring existing investments through fund performance reports, due diligence calls with managers, and reviews of financial statements and schedules from the funds or companies involved.