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Find financial advisors in Philadelphia, Pennsylvania ready to help with your financial planning needs so you can enjoy life more with less money stress.
Whether you have lived in Philadelphia for years or recently moved to town, you may need help finding the right financial advisor in the community best suited for your individual needs.
It’s important to first consider your own financial planning priorities before choosing an advisor. Here are a few quick tips to help you get started along with financial advisors in Philadelphia featured on Wealthtender you may want to add to your shortlist.
Table of contents
How Much Does a Financial Advisor Cost?
➡️ How Much Does a Financial Advisor Cost? Read the Article
The Benefits of Hiring a Financial Advisor in Philadelphia
Hiring a financial advisor can be a great move to help you build a long-term investing strategy. Advisors can help you build an investment portfolio to meet your financial goals and help you plan appropriately for retirement.
As a resident living in Philadelphia, hiring a financial advisor who lives nearby and understands the local economy, cost of living, and regional employers can be quite valuable, especially if your individual circumstances are deeply tied to such factors.
Who are the largest employers in Philadelphia?
Research from the Philadelphia Business Journal found the largest employers in the Philadelphia area include:
Over 30,000 Employees in Philadelphia Area
- University of Pennsylvania and Health System
- Thomas Jefferson University and Jefferson Health
15,000 to 30,000 Employees in Philadelphia Area
- Children’s Hospital of Philadelphia
- ACCU Staffing
- Comcast Corp.
Do you work for one of the largest employers in Philadelphia? If so, there’s a good chance the local financial advisor you hire will also have other clients who work there. This knowledge could prove valuable if they are already familiar with your employee benefits, such as a 401(k) plan, Health Savings Accounts, and other components of your total compensation package.
When you reach out to financial advisors you’re considering hiring, let them know where you work and ask if they are familiar with your employer’s unique benefits and compensation structure.
Quick Tips For Hiring a Philadelphia Financial Advisor
Before hiring a financial advisor in Philadelphia, here are a few quick tips to help you find the best advisor for you.
1. Decide Which Services You Need
Before hiring an advisor, determine what services you need from them. Whether it’s full-service investment management or a plan focused on a specific area of your finances, put together a list of what you’d like help with before contacting an advisor.
Though most people use a financial planner simply to invest for retirement, this is only a small part of what many advisors offer. Here’s a quick rundown of potential services a financial advisor may offer you:
- Budgeting and money management
- Debt management
- Insurance planning
- Retirement planning
- Other investment planning
- Inheritance planning
- Estate planning
- Tax planning
As you can see, financial advisors can help you with your entire financial picture, not just investing. As you start to plan for life’s bigger milestones, you should consider finding a financial advisor that specializes in those areas.
Finding the right advisor can help you minimize risk, maximize gains and take advantage of tax breaks while investing for your future. They can also help you protect your assets with the right kinds of insurance and help you pass on your financial legacy with a proper estate plan.
2. Consider Your Budget and Payment Preferences
Once you have a list of services you would like, review the fee structures financial advisors offer. Finding a balance between the services you need and the cost of those services will help narrow down the field of advisors you may want to work with.
If you are looking for a full-service advisor to manage all of your investments, consider searching among fee-based financial advisors. If you want to manage your money yourself, consider the flat fee and monthly subscription advisors for ongoing support.
3. Interview Multiple Financial Advisors
Once you have chosen the services and fee structure you prefer, it’s time to contact a few advisors and interview them. Here are questions to ask financial advisors:
- What services do you provide?
- What are all the ways you get paid? (fee transparency)
- What is your investment strategy?
- How do you measure investment performance?
- How do we communicate about my plan?
Interview multiple advisors to get a feel for who you want to work with. A combination of fees, services, and customer service will help you determine the best fit for your financial advice.
4. Review Financial Advisor Credentials
Once you find an advisor (or two) you feel comfortable with, it’s always a good practice to check their credentials and the firm’s details. You can do this at the Investment Adviser Public Disclosure (IAPD) website.
You can check both the individual and the firm to view their background and experience details, as well as any disciplinary action taken against them or their firm.
As licensed financial professionals, there is oversight into how financial advisors conduct business, so running a quick (free) check on them is recommended.
For additional information about advisor credentials, read our article to learn the most popular designations held by financial advisors, as well as specialized credentials which may be important to consider if you have unique financial planning needs.
Featured Philadelphia Financial Advisors
As you prepare to interview financial advisors in Philadelphia who may be right for you, get to know local financial advisors featured on Wealthtender. Just below, you’ll find an interactive map showcasing financial advisors whose primary office is in Philadelphia. Further below, you’ll find a list of featured advisors in Philadelphia (sorted alphabetically) who can meet with you in person.
📍 Map: Financial Advisors with their Primary Office Location in Philadelphia
Double-click (or pinch the map on mobile devices) to zoom in and expand the details for financial advisors whose primary office location is in Philadelphia. (Not all advisors listed above will be featured in the map view if their primary office location is outside of Philadelphia.)
📍Double-click or pinch pins to view more.
✅ List of Philadelphia Financial Advisors (Alphabetical, by Last Name)
Bobby Cremins, CFA®, CFP®, CKA® | Metanoia Financial
David DeWitt, CFP® | DeWitt Capital Management
David T. DeWitt, CFP®, CSRIC | DeWitt Capital Management
Brendan Dooley, CFP®, CRPC® | Meaningful Wealth Management LLC
Thomas Gillin | MAIA WEALTH
Tyler Hackenberg, CFP®, EA, CSRIC® | Drexel Day Financial
Ryan Kaysen, CFP® | Integritas Financial
Ryan Langan, CFP® | YOURPATHFi
Stephanie McCullough | Sofia Financial
Eric Nelson, CFP® | Independence Wealth
Chelsea Ransom-Cooper, CFP® | Zenith Wealth Partners
Alan Rhode, CFP®, CPWA®, CEPA®, RLP® | Modern Wealth
Frequently Asked Questions & Additional Resources
How do I know if I’m ready to hire a financial advisor?
You should strongly consider hiring a financial advisor if you have a significant amount of money available for saving or investing. This could occur after years of making annual contributions to a retirement plan like a 401(k) through your employer or suddenly if you receive a large inheritance or sell your house for a large profit.
But even if you don’t have a lot of money saved, many financial advisors and planners provide reasonable pricing options and valuable services you should consider, especially if you’re facing a significant life event. For example, if you’re starting a new job, getting married, starting a family, getting divorced, lost your job, starting or selling a business, or approaching retirement age, working with a trusted financial advisor or planner may prove worthwhile.
Before I hire a new financial advisor, should I fire my current advisor?
You don’t need to fire your current advisor before beginning your search for a new financial advisor. In fact, your new advisor can help coordinate the transition of your assets from your previous financial advisor.
Where can I read reviews about financial advisors written by their clients to help me decide if I should hire them?
After 60 years of regulatory prohibition of financial advisor reviews in the US, a rule issued by the Securities and Exchange Commission (SEC) became effective on May 4, 2021 that means both financial advisors and directory websites that help consumers search for a financial advisor can collect and display financial advisor reviews, an important factor worth considering when choosing who you’ll hire to manage your investments and life savings.
Wealthtender is the first independent advisor review platform designed to be fully compliant with the new SEC rule, and we look forward to helping you evaluate financial advisors based on reviews written by their clients.
I’m a local financial advisor interested in being featured in this guide. How do I get started?
Thanks for your interest. We look forward to learning more about your practice and helping you attract your ideal clients where you may be a good fit based on their individual needs and circumstances. Please click here to learn how you can join local financial advisors featured on Wealthtender.
About the Author
About the Author
Brian is CEO and founder of Wealthtender. He and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.
With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.
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