FA 100: CNBC ranks the top-rated financial advisory firms of 2022

For the fourth year, CNBC unveils its ranking of top financial advisors. The CNBC FA 100 recognizes firms that best help clients navigate their financial lives.

Oct 4, 2022 - 21:06

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FA 100: CNBC ranks the top-rated financial advisory firms of 2022

Key Points

The fourth annual CNBC FA 100 ranking recognizes advisory firms that help clients successfully navigate their financial lives.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 FA 100 ranking of advisors for 2022 takes into consideration factors beyond just assets under management.

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. 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.

An 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 fourth 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 2022 in collaboration with AccuPoint Solutions. (CNBC does not charge any type of fee to advisors to be listed in this annual ranking.)

2022 RANK	FIRM	HQ	TOTAL AUM	YEARS IN THE BUSINESS	ACCOUNTS UNDER MANAGEMENT	2021 RANK
1	Woodley Farra Manion	IN	$1.4B	27	1,106	17
2	Dana Investment Advisors	WI	$7B	42	1,256	1
3	Albion Financial Group	UT	$1.4B	40	2,221	50
4	Heritage Investment Group	FL	$1.7B	29	1,888	24
5	Edgemoor Investment Advisors	MD	$1.1B	23	320	26
6	Salem Investment Counselors	NC	$3.5B	43	1,850	2
7	Leavell Investment Management	AL	$2.1B	43	2,000	33
8	Halbert Hargrove Global Advisors	CA	$3B	33	4,099	49
9	The Burney Company	VA	$2.6B	48	4,162	38
10	Lee, Danner & Bass	TN	$1.4B	34	925	66
11	TFC Financial Management	MA	$1.2B	42	1,375	69
12	Parsons Capital Management	RI	$1.8B	28	1,545	19
13	Pittenger & Anderson	NE	$2.2B	27	815	53
14	Kistler-Tiffany Advisors	PA	$1.1B	14	1,464	-
15	Professional Advisory Services	FL	$1.2B	45	1,087	-
16	Cadinha & Co.	HI	$1.1B	43	1,383	90
17	Ferguson Wellman Capital Management	OR	$6.9B	47	928	-
18	RTD Financial Advisors	PA	$2.2B	39	660	68
19	Equius Partners	CA	$1.1B	38	1,083	43
20	Wetherby Asset Management	CA	$6.4B	32	591	-
21	Acropolis Investment Management	MO	$1.8B	20	1,055	-
22	Godsey & Gibb Wealth Management	VA	$1.2B	37	1,569	-
23	Manchester Capital Management	VT	$3.2B	29	1,609	-
24	Phillips Financial	IN	$1.5B	18	2,166	71
25	Azzad Asset Management	VA	$1.2B	25	1,320	39
26	Richard C. Young & Co.	FL	$1.3B	33	2,761	5
27	California Financial Advisors	CA	$1.5B	24	3,089	7
28	NewSouth Capital Management	TN	$2.4B	37	179	3
29	Avity Investment Management	CT	$1.7B	52	764	15
30	Tom Johnson Investment Management	OK	$1.6B	39	5,500	10
31	Zemenick & Walker	MO	$2.5B	24	237	29
32	Luther King Capital Management	TX	$23.1B	43	3,400	22
33	First Foundation Advisors	CA	$4.8B	32	1,637	93
34	North Star Asset Management	WI	$2.1B	25	2,915	8
35	H.M. Payson & Co.	ME	$6B	168	3,500	34
36	Zevenbergen Capital Investments	WA	$4.9B	18	279	36
37	Guyasuta Investment Advisors	PA	$1.8B	39	1,250	32
38	ZWJ Investment Counsel	GA	$3B	40	900	20
39	Gofen & Glossberg	IL	$6.5B	90	3,409	6
40	David Vaughan Investments	IL	$3.8B	45	1,360	21
41	Check Capital Management	CA	$1.4B	36	1,991	4
42	Foster & Motley Wealth Management	OH	$2.1B	25	750	59
43	Southern Wealth Management	TX	$2.8B	17	1,500	95
44	Beaird Harris	TX	$1.5B	26	2,896	70
45	Wilbanks, Smith & Thomas Asset Management	VA	$4.4B	31	5,063	41
46	Badgley Phelps Wealth Managers	WA	$4.1B	56	2,162	52
47	Anchor Capital Advisors	MA	$8.1B	39	1,110	35
48	Beese Fulmer Private Wealth Management	OH	$1.3B	42	1,032	55
49	Steele Capital Management	IA	$2.8B	26	3,800	67
50	Oak Ridge Investments	IL	$1.2B	33	1,531	-
51	Eagle Global Advisors	TX	$1.7B	25	400	86
52	C.W. Henderson & Associates	IL	$4B	31	1,492	62
53	Lee Financial	TX	$1.2B	47	1,600	48
54	Roffman Miller Wealth Management	PA	$2.3B	31	1,300	40
55	Hahn Capital Management	CA	$1.1B	34	106	37
56	Palisade Capital Management	NJ	$4.3B	27	2,225	88
57	Column Capital Advisors	IN	$1.3B	17	1,608	-
58	Foster Group	IA	$3.4B	33	5,293	96
59	WA Asset Management	AL	$5.2B	23	5,781	-
60	FORVIS Wealth Advisors	MO	$7.4B	24	11,893	56
61	JMG Financial Group	IL	$4.7B	38	4,262	-
62	Rather & Kittrell Capital Management	TN	$1.3B	22	2,450	-
63	Sage Financial Group	PA	$3.1B	33	800	75
64	Meritage Portfolio Management	KS	$2B	31	1,305	60
65	Diversified Management	WI	$1.6B	29	1,611	61
66	Index Fund Advisors	CA	$4.3B	23	2,442	72
67	StraightLine	MI	$1.2B	20	5,726	92
68	Sheaff Brock Investment Advisors	IN	$1.4B	29	1,953	82
69	View Capital Advisors	TX	$1.4B	18	173	98
70	Conrad Siegel Investment Advisors	PA	$7.9B	20	761	-
71	Farr, Miller & Washington	DC	$2.1B	26	1,430	57
72	Schaper, Benz & Wise Investment Counsel	WI	$1.4B	31	828	54
73	ML&R Wealth Management	TX	$1.7B	25	686	100
74	Wingate Wealth Advisors	MA	$1.1B	36	633	-
75	Legacy Wealth Management	TN	$1.7B	40	1,299	80
76	Clifford Swan Investment Counselors	CA	$3.7B	107	945	27
77	Capstone Financial Advisors	IL	$2.1B	23	2,718	-
78	Bitterroot Capital Advisors	MT	$1.2B	23	17	-
79	Provident Trust Company	WI	$6.5B	23	1,234	-
80	Charles D. Hyman & Co.	FL	$2B	28	931	63
81	Cardiff Park Advisors	CA	$2.2B	19	380	-
82	Conservest Capital Advisors	PA	$1.6B	29	251	-
83	Henssler Financial	GA	$2.5B	35	1,416	64
84	Annandale Capital	TX	$1B	17	180	-
85	Donaldson Capital Management	IN	$2.3B	27	3,730	-
86	E. S. Barr & Co.	KY	$1.5B	30	857	74
87	BLB & B Advisors	PA	$2.1B	58	2,768	-
88	Jackson Thornton Asset Management	AL	$1.6B	23	927	79
89	Apriem Advisors	CA	$1B	24	710	-
90	The Financial Advisory Group	TX	$1.2B	25	2,154	76
91	Sadoff Investment Management	WI	$1.6B	44	610	87
92	Coastal Bridge Advisors	CT	$2.9B	14	3,994	-
93	D.F. Dent & Co.	MD	$8.1B	46	1,430	14
94	Beacon Capital Management	OH	$5.1B	22	16,671	11
95	Certified Financial Group	FL	$2.2M	23	5,000	-
96	Provident Investment Management	MI	$955M	41	1,000	-
97	Sather Financial Group	TX	$1.2B	23	1,354	-
98	Bailard	CA	$5B	53	2,268	97
99	Summit Financial Strategies	OH	$1.7B	27	874	91
100	Carret Asset Management	NY	$3.1B	58	2,000+	25