Top Financial Advisors in Cleveland, OH

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This fee-only firm works with both high-net-worth and non-high-net-worth individuals, as well as retirement plans and corporations.The firm has no set account minimum.

Clearstead is far and away the largest firm on this list in terms of assets under management (AUM), totaling more than $24 billion. The firm is also the largest on the list in terms of the number of advisors.

Clearstead Advisors says that it manages advisory accounts for clients on a discretionary or non-discretionary basis. Investment strategies generally use mutual funds and exchange-traded funds (ETFs), as well as separately managed accounts and alternative investments like hedge-funds and private equity. When choosing which funds to invest in, the firm uses qualitative and quantitative investment manager research.

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CBIZ Investment Advisory Services is a fee-based firm that works with private wealth clients. These include individuals, trusts and estates. The services offered to these wealth clients includes risk-based, diversified investment alternatives and general wealth management for these groups. 

The fees for working with the firm typically range between 0.10% - 2.0% of annually in relation to assets under management (AUM) with the firm. Wrap fee programs will vary. 

The firm will work with each client to determine the individual needs in order to build the right investment strategy. The firm conducts ongoing due diligence and monitoring on all investments to determine if they continue to match the portfolio. 

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Wellspring Financial Advisors is a fee-only firm with no account minimum. Clients of this firm include both non-high-net-worth and high-net-worth individuals, and charities.

The firm offers services such as financial planning, income tax planning, business succession and family office services. 

Wellspring Financial Advisors considers diversification, quality, liquidity and transparency as the four main drivers of its investment strategy. When building your portfolio, Wellspring advisors first consider your risk tolerance, time horizon, preferences and objectives. This is known as the analysis phase. Wellspring generally invests client assets in mutual funds and exchange-traded funds (ETFs). 

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Marcum Wealth works with both non-high-net-worth and high-net-worth individuals, retirement plans, charities and corporations. Marcum doesn't have a minimum account balance requirement. Marcum Wealth Investment provides both investment management and financial planning services to clients. It may provide these services to clients simultaneously or separartely using a number of approaches.

As a fee-based firm, Marcum advisors can sell insurance products to clients on a commission-basis. This potential conflict of interest is mitigated by the firm's status as a fiduciary, which mandates that advisors act in the best interests of clients at all times.

Marcum Wealth provides clients with individualized apporaches to investment portfolios. It determines asset allocation strategies based on client financial goals, objectives and risk tolerance.  The firm also tailors its advisory services depending on cash flow, liquidity, risk tolerance and return expectations. 

The firm and its advisors primarily take a long-term approach to investing, looking to invest on a 10-year or greater time horizon. Assets are primarily allocated among global equities, fixed-income securities, diversified alternative strategies and cash.

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Vantage Financial Group works with both non-high-net-worth and high-net-worth individuals, as well as retirement plans, charities and businesses. Vantage provides portfolio management services, financial planning services, financial consulting services and retirement plan consulting services. Vantage doesn't require a minimum account size. However, it can terminate an account that is "too small to effectively manage."

As a fee-based firm, some advisors can receive commissions from the sale of insurance products to clients. Desite this potential conflict of interest, the firm is a fiduciary and so must act in the best interests of clients at all times.

When it comes to investment strategy, Vantage Financial Group aims to tailor its advice to the individual needs, objectives and situation of each client. Important factors that can guide the portfolio creation and wealth planning process are total investment net worth, tolerance for risk and any other relevant information. Advisors populate client portfolios by using mutual funds and exchange traded funds (ETFs), and provide advice on other securities, such as equities, variable annuities and bonds.

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Gries Financial is a fee-only firm managing assets for clients including both high-net-worth and non-high-net-worth individuals. The firm also advises institutions, including pension and profit-sharing plans, charitable organizations and businesses. Fees for investment advisory services are based on a percentage of assets under management. Financial planning fees are charged on an hourly basis. Advisors do not earn commissions for selling securities or financial products to clients.

Generally, a minimum of $1 million in assets under management is required for investment management services, though this may be negotiable. Services offered at the firm include financial planning, tax analysis, investment analysis, insurance, retirement planning and estate planning. 

Gries focuses on long-term purchases for clients, which means holding securities for a year or more, especially when the firm believes that the security is undervalued. The firm uses a number of types of analysis to come to its investment decisions, including fundamental analysis, technical analysis, quantitative analysis, qualitative analysis, asset allocation and mutual fund analysis. All of these are used together to come up with an appropriate investment strategy for each client.

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Cleveland Wealth is a fee-based firm that works exclusively with individual clients, the vast majority of which do not have a high net worth. A small number of its individual clients are high-net-worth individuals. The firm has a $500,000 minimum account size requirement, which may be waived in certain circumstances.

Cleveland Wealth provides clients with portfolio management services, financial planning services and financially educational seminars. The firm currently manages money entirely on a non-dsicretionary basis.

As a fee-based firm, some Cleveland Wealth advisors are registered insurance agents who can earn commissions from the sale of insurance products to clients. This is a potential conflict of interest. However, the firm is still bound as a fiduciary to act in the best interests of clients at all times.

Cleveland Wealth works with clients to help provide tailored investment management services. By developing an investment policy statement with each client, advisors learn about the client's tolerance for risk, financial goals, liquidity needs and any other information relevant to the investment management process. Advisors at Cleveland Wealth rely on modern portfolio theory to help drive growth in client portfolios. They trade investments both on a long- and short-term basis.

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Also known as FSM Wealth Advisors, Journey Wealth Management is a fee-only firm that works with both non-high-net-worth and high-net-worth indviduals. The firm also offers tax management, bill pay, estate planning and business financial consulting, among other services.

When it comes to advisory services, Journey charges asset-based fees and fixed fees. The firm doesn’t have a set account minimum, so clients won’t need a certain dollar amount to establish an advisory relationship. 

Journey uses strategic asset allocation when making investment decisions for clients. In working to meet a client’s objectives, the firm generally combines stocks, bonds, open end mutual funds, exchange-traded mutual funds, options and other investments. 

When it comes to securities analysis, Journey employs fundamental analysis, financial analysis, technical and charting analysis, cyclical analysis and macro-economic analysis. The firm’s investment strategies also include long- and short-term purchases, trading, short sales, margin transactions, option purchases and option writing.

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Beacon Financial Advisory is a fee-based firm. Most of its clients are non-high-net-worth individuals, though it also advises a number of high-net-worth individuals. Its institutional clients are charitable organizations and businesses. Beacon does not have a minimum account size requirement. 

Fees for portfolio management are based on a percentage of assets under management. Fixed and hourly fees are charged for financial planning services. As a fee-based firm, advisors may make commissions for selling financial products to clients. This is a potential conflict of interest, but fiduciary duty binds advisors to act in the best interest of the client.

Beacon Financial Advisory uses a number of strategies in clients portfolios, including long-term trading, short-term trading, short sales, margin transactions and options. Modern portfolio theory is one of the analytical methods used by advisors at Beacon. This is a theory that attempts to maximize expected return given the amount of risk or minimize risks given an expected return. This is done by carefully choosing how much of each asset to purchase.

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First Fiduciary Investment Counsel is a fee-only firm managing hundreds of millions in client assets for both non-high-net-worth and high-net-worth individuals, as well as retirement plans, charities and businesses. 

The firm earns fees based on a percentage of assets under management. Some services may also be billed at a flat rate. Advisors do not earn commissions for selling securities or insurance products to clients. Services the firm offers include investment supervisory services, tailored relationships and wealth management. 

First Fiduciary Invesment Counsel advisors believe in managing risk and using time as an ally for investors. The firm focuses on large capitalization equities that also pay dividends. The thought process is that when a company pays shareholders a dividend, it is more likely to be immune to market volatility.