Financial advisors in Richmond cover a range of financial areas like retirement, investment, tax, and estate planning. SmartAsset’s tool connects you with fiduciary advisors obligated to act in your best interest, offering help with investments, retirement, and other financial matters.
Covenant Wealth Advisors
Covenant Wealth Advisors in Richmond provides financial planning services throughout Virginia, covering investment management, estate planning, insurance analysis, and retirement planning. They assist business owners with 401(k) plans and help clients navigate major life events like home purchases and debt reduction.
Mark Fonville, the firm’s president, is a Certified Financial PlannerTM with 20 years of experience, specializing in aiding families with assets exceeding $1 million. He holds a finance degree from Virginia Tech and is a member of St. Mary’s Episcopal Church in Richmond.
When seeking financial planners in Richmond, it’s vital to consider their ability to meet your goals, fees, and fiduciary status. SmartAsset’s free tool simplifies the search, matching you with advisors in your area. Millions have used it to find reputable advisors, available in most states, including Virginia.
Kanawha Capital Management
Financial advisors help individuals create plans to achieve their goals, offering investment advice and recommendations. Depending on their specialization, they may be called financial planners, wealth managers, or investment advisors. With over 100 certifications available, some focus on retirement or estate planning, while others cover broader financial matters, so finding the right one depends on your needs and budget.
This firm operates in 14 states, managing $883.9 million across 947 client accounts, offering services such as financial planning, portfolio management, and tax planning.
Their investment strategies aim to maximize risk-adjusted returns, with advisory fees based on a percentage of client assets under management, incentivizing advisors to take calculated risks to enhance portfolio performance.
Finding an advisor acting in your best interest is crucial. SmartAsset’s free five-minute tool matches you with advisors who fit your needs, with all fiduciaries vetted by SmartAsset obligated to act in your best interests, often within minutes. It even facilitates free conversations between advisors themselves.
The Roseline Group
The Roseline Group provides financial planning and investment advisory services to individuals and families. Their services include retirement income planning, wealth management, and estate planning, as well as tax strategies and asset preservation. Their experienced advisors assist clients in designing plans to minimize taxes while optimizing returns. The firm has been in operation since 2007.
The company’s main office is situated at 140 Virginia Street in Richmond, VA 23219, and, as of this filing, has an AUM of $47,001,468 with 27 active advisory relationships and an advisor/client ratio of one advisor per 9 clients.
Richmond financial advisors are investment professionals who specialize in handling investment accounts for individual high-net-worth clients. They specialize in retirement planning, tax minimization, and insurance planning, have in-depth knowledge of financial markets, and generally hold licenses from state bodies to offer advice to investors.
The firm provides services to both individuals and closely held businesses, with its advisors possessing over one hundred years of combined experience and using a holistic approach to serving their clients. In particular, this firm specializes in estate planning and tax minimization to meet clients’ estate and tax minimization goals; among their clientele are executives, professionals, and entrepreneurs. Furthermore, this firm provides financial and investment advisory services for businesses such as U.S. government entities as well as major corporations.
Financial Freedom Planners
Financial Freedom Planners of Richmond provides financial planning and investment management services. Their team acts in a fiduciary capacity, meaning it always puts its clients’ best interests first. Services offered include retirement/estate planning, investment management, tax strategy development, and insurance analysis – perfect for retirees or pre-retirees looking for help developing retirement strategies.
Financial advisors provide individuals and businesses alike with professional assistance in creating plans to achieve long-term financial goals. There are various types of advisors, each specializing in something different; for instance, a financial planner helps individuals develop and implement plans to reach their financial goals, and wealth managers manage investment accounts for individuals with high net worth accounts. In contrast, an investment advisor offers investment advice and recommendations.
Finding the ideal financial advisor can be challenging. A reputable advisor should be either a Certified Financial Planner (CFP) or an Investment Advisor Representative (IAR). A CFP must pass a comprehensive CFP Certification Examination administered by the Certified Financial Planning Board as well as comply with their Code of Ethics and Professional Responsibility; additionally, they must undergo background checks as they cannot accept commissions for product sales or referrals. A fiduciary is obligated to put their client’s interests before their own and disclose any conflicts of interest or interests they might encounter.
Agile
Agili Financial Advisory offers its clients an array of investment services, such as financial planning, portfolio management, and retirement planning. Additionally, Agili also provides market timing services. Agili advisors help clients achieve their financial goals by assessing their current situation and offering tailored solutions.
Established in 1993 by Michael Joyce, Michael Joyce Financial Planners (MJFP) has become a top fee-only financial planning firm in the US. Renowned for its comprehensive wealth management approach, MJFP has earned awards, including Forbes Top 1,200 Financial Advisors list and recognition from Medical Economics and Dental Practice Management as Best Financial Advisor for Doctors and Dentists, solidifying its reputation.
This firm oversees 2057 client accounts, managing $972 million, with an average portfolio size of $2.8 million per client. Their financial planners operate as fiduciaries, prioritizing client interests over personal gain and disclosing any conflicts of interest or disciplinary actions encountered.
Before choosing a financial planner, research their background and licensing. Review their Disclosures section for any criminal or civil penalties, liens, customer disputes, or regulatory issues. Ask about affiliations or conflicts of interest, as these can impact your relationship and advice received. It’s advisable to work with an advisor with a low ratio of potential conflicts of interest.
Wills Financial Group
Wills Financial Group offers lifelong financial strategy planning, portfolio development, and asset management. Advisors tailor investment portfolios to your goals, including cash, bonds, and stocks. They also coordinate social security/Medicare benefits, advise on mortgage financing, and wealth transfer, all at competitive fees, fostering lasting client relationships.
The company has been in operation for over two decades and boasts a customer satisfaction rate of 96%. Their team includes licensed financial planners and registered investment advisers. Clientele consists of both individuals and small businesses. Services provided include retirement planning, tax planning, and estate planning, as well as educational seminars and workshops for their customers.
Fees at Capital Asset Advisors are calculated based on a percentage of its assets under management (AUM), hourly charges, and special projects; their fee schedule can be found online. Based in Richmond, Virginia, and offering financial advisory services, its competition consists of other firms offering similar products.
This Registered Investment Adviser manages $304.4 Million across 683 client accounts. With only three financial advisors on staff, their focus lies on equity-based investments that make up most of its AUM. However, they also invest in exchange-traded securities, investment grade corporate bonds, cash equivalents, and cash and cash equivalents – the latter two options not falling under fiduciary duties.
