The Bluegrass state is home to the Kentucky Derby, the Louisville Slugger, and one of the greatest boxers to have ever lived: Muhammad Ali. Yet beyond this, it is also home to a number of major companies and countless successful individuals, such as yourself.
But just like anywhere, preserving your wealth and securing your future requires hard work and close attention to detail, two things that are hard to give when you’re busy managing the rest of your life. As a result, to make sure things continue to go as well as they currently are, you should consider hiring a financial advisor to guide you on your path forward.
Fortunately for you, there are a number of extremely reputable financial advisors in this great state. All of them offer different things, though, and it’s tough to know which one is right for you. To help you make this choice easier, we’ve applied our rigorous standards to the many different firms throughout the state to determine which ones are the best. Read on to find out which ones we feel are deserving of your attention and why.
ARGI Investment Services
With over $1.84 billion in assets under management, it is no surprise that ARGI Investment Services is the top advisor on this list. If you would like to work with the king of Kentucky, however, you will need to have a minimum account of $50,000 for your account. So, if you do not already have a sizeable net worth built up, you are out of luck. However, if you do, then this company will most likely be very happy to welcome you as a client. This firm is located in Louisville.
ARGI was founded in the year 2009 and has 61 financial advisors on board. These financial advisors are currently managing over 2,800 accounts. Yours could be the next one they manage. ARGI offers a variety of investment plans. However, each plan has a required amount of capital that you must provide for investing purposes. Basic plans start at $50,000 and their more advanced plans can require $150,000 of capital. The company will work with you to find the right plan based on your account size and the amount of risk that you are willing to take on.
You can expect the following working with ARGI Investment Services:
- Fee-based compensation structure
- Intelligent asset allocation that provides diversification and risk reduction
- A variety of investment plans to choose from depending on your specific needs
Keystone Financial Group
Keystone Financial Group is another one of the great Kentucky Financial Advisory Firms and is located in Lexington. You will need at least $10,000 in assets to work with this firm. This asset requirement makes the firm significantly less exclusive than many of its counterparts. So, this firm is a good option for you if you do not have a substantial net worth at this moment.
Keystone Financial Group was founded in 2014 and has already become one of the largest financial advisory businesses in the state. There are 25 financial advisors who work at the company. This firm has a very thorough financial planning process that involves taking a deep look into your financial situation and obtaining all of the necessary details to get your complete picture. Then they analyze these details and come up with plan options, which they present to you. They will make recommendations to you, however, it is ultimately up to you to decide which plan you want. Consistent monitoring of your investments will be performed by Keystone. They will rebalance it whenever it is necessary.
You can expect the following working with Keystone Financial Group:
- Fee-based financial structure
- Excellent customer service with a focus on establishing long-term relationships built on trust
- Additional expertise in insurance
Atlas Brown is another solid financial advisory firm located in Louisville. This company has just over $451 million in assets under management. However, despite the colossal amount of wealth that Atlas Brown manages, there is no minimum asset requirement to work with this company. This makes it an ideal company to work with if you are just getting started out in your career, or if you do not have a substantial net worth as of yet.
This business was founded in the year 2004. There are six financial advisors who are on staff here. Atlas Brown prefers to build multi-generational relationships. So, if you are looking for a firm that you want to have manage your children’s assets one day, then this is a good option. This firm is especially good at identifying foreign investments that can help to grow your net worth over time. They also invest in a wide variety of asset classes, including natural resources, minerals, and real estate. So, they are a bit more alternative in their investment strategies than other firms. However, this enables them to capitalize on different opportunities as well.
You can expect the following working with Atlas Brown:
- Fee-based financial structure
- Investing strategy that uses many different asset classes
- Expertise with tax planning and lifestyle management
Meritrust Wealth Management
Meritrust Wealth Management is also located in Louisville and manages over $350 million worth of assets. In terms of minimum asset requirements, Meritrust has a tiered structure with various minimum requirements based on the portfolio program that you choose. The most advanced option requires $250,000 worth of assets.
This firm has only been around since the year 2014. However, it has already developed a stellar reputation. Meritrust has 16 financial advisors on its staff. It is located in Meidinger Tower on South Fourth Street. Because Meritrust has many different investment strategy options, they sit down with you to discuss your financial situation, goals, retirement timeline, etc. in order to figure out which plan is best. You can expect excellent customer service and a very harmonious relationship with your financial advisor at Meritrust.
If you choose to work with this company, you can also expect the following:
- Fee-based compensation structure
- Periodic review of your account
- Rebalancing based on market conditions, and life changes that you may go through
D. Scott Neal
Scott Neal is a financial advisory firm that operates out of Lexington, Kentucky. This firm has over $2.53 million in assets under management. There is no set minimum amount of assets that you must possess to work with D. Scott Neal. However, a minimum fee may be imposed by the company if they feel it is necessary for your account.
This company was founded in 1995, which makes it the oldest firm on this list. As the oldest firm on this list, D. Scott Neal has survived and thrived through more market cycles than any of the other firms on this list. When it comes to financial advisors, the longer the history of success, the better. So D. Scott Neal’s long history is an advantage of the company. The firm places a heavy emphasis on using both technical and fundamental analysis when creating investment strategies.
You can expect the following working with D. Scott Neal:
- Fee-only compensation structure, which eliminates conflicts of interest
- Six different investment strategies to choose from based on your preferences and financial situation
- The use of cutting-edge technology to help with research and investment decisions
Kentucky has no shortage of excellent financial advisor options to choose from. The five listed above are the ones that we believe will best serve you on your path to protect and grow your wealth over time. There are many more in the state, but if you want the biggest ones and the ones with the best reputations, then you should go with one on this list. Choose the option that most resonates with your values.