Four Financial Advisors in Richmond
Financial advisors can be invaluable tools in saving for retirement or paying off mortgages, but before selecting one, it’s crucial that you clearly define your goals and needs.
Are you searching for an independent financial advisor in Richmond? SmartAsset’s online platform connects investors and soon-to-be retirees with advisors in their area.
Covenant Wealth Advisors
Covenant Wealth Advisors is an SEC-registered investment advisory serving Richmond clients. Its team of financial planners and wealth managers offers asset management, tax planning, and retirement planning. On its website, it states it can assist clients with everything from IRA accounts to complex trust structures.
Covenant Wealth Advisors has a fiduciary responsibility to its clients. This means they must prioritize the client’s interests over their own, which can be especially helpful for investors with complex investments. In addition, a fiduciary duty reduces risks related to conflicts of interest often seen in the financial industry.
Established in 2010, this Virginia company offers financial planning and investment management for individuals aged 50 or above. Their fees depend on portfolio size and type of service being rendered; all payments are disclosed on Form ADV for full transparency.
As of March 31st, 2018, the firm had $496,334,379 in regulatory assets under management, comprised of 382 client accounts with an average account size of $1,345,079. Additionally, 9 advisors work at this firm, with one advisor serving on average every 42 clients.
Financial advisors provide invaluable guidance and direction when meeting your goals and planning for the future. Their services can include insurance analysis, retirement planning, tax preparation, and estate planning, as well as helping select investments appropriate for your situation. If need be, they can even act as your personal CFO, ensuring all financial affairs are in order.
Agile
Agili Investment Advisors LLC is a registered investment advisory firm offering comprehensive financial planning services. Their financial planners can assist clients in planning for retirement and saving for college expenses, tax issues, estate planning, mutual fund investing, and stock trading, among many other things. With its fee-only structure, Agili serves clients across Virginia and beyond.
This firm’s primary headquarters are in Richmond, Virginia. Its investment advisers are fiduciaries, legally bound to put their client’s interests first and help create and execute financial plans that reflect clients’ goals and objectives. Furthermore, this firm assists clients with student loan debt management and saving for college education costs for their children.
Financial planning is devising strategies to achieve life goals, such as saving for retirement, purchasing a home, paying down debt, or planning an inheritance. A financial planning firm can also assist you in creating an investment portfolio tailored to your risk tolerance and income needs; some also offer market timing services that seek to capitalize on opportunities to buy low and sell high, producing short-term profits from investments.
Agili requires clients to invest at least $1 million in investable assets; however, long-term clients are exempt from this requirement. Agili also offers various fee structures, including percentage of Assets Under Management (AUM) and hourly and fixed fees for specific services.
Canal Capital Management
Canal Capital Management of Richmond, Virginia, offers clients a comprehensive wealth management plan to address savings, spending, and funding for future goals. These services cover investment review and planning, estate considerations, insurance needs evaluation, education funding analysis, and retirement plan evaluation. In addition, tax planning advisory services are also provided.
Canal’s team members have owned, operated, bought, and sold multiple small businesses themselves; as such, they possess both the experience and skills to provide growth capital and strategic operating support to companies within their target markets. Its investments tend to be debt-driven and explicitly tailored to each business’s requirements; Canal evaluates companies based on their ability to generate cash flow and create shareholder value during its evaluation process.
Canal Capital is an expert provider of advisory and capital markets expertise and private equity and debt financing for mid-market companies. Offering debt and equity investments up to $7 million, the company specializes in growth-oriented transactions such as add-on acquisitions and recapitalizations. Their team has extensive experience building relationships and executing transactions with business leaders. At the same time, their vast network of contacts enables them to identify market trends and opportunities and connect entrepreneurs with investors.
Financial planners assist people in making sound financial decisions and reach their goals. As fiduciaries, these professionals must put the interests of their clients before any personal gain and disclose any conflicts of interest in their work that could yield quick profits themselves. While some may view financial advisors as unnecessary costs, having one may prove invaluable for those with substantial assets or complex investment portfolios.
Wills Financial Group
Wills Financial Advisers Richmond, Virginia, offers financial planning services spanning retirement to estate and investment management for Americans of all ages. Their services encompass retirement planning, estate planning, and investment management, as well as advice for college savings plans, buying homes, and paying off debt – as well as advice to individuals and small businesses alike. Clients include individuals as well as small businesses. Their pricing models vary between using a percentage of assets managed fees or hourly fees or flat rates depending on the service required – you can learn more by viewing Form CRS (Customer Relationship Summary).
Fiduciaries put their clients’ best interests first and act impartially at all times. While not all financial advisors qualify as fiduciaries, it’s wise to check for red flags before hiring one: these may include customer complaints, bankruptcy filings, criminal activity, or disciplinary measures taken against them.
Wills Financial Group provides more than advisory services. In addition to education and training programs for its financial planners and wealth managers, Wills offers tools that enable clients to manage their finances, such as online brokerage accounts and mobile apps. The firm is licensed to offer insurance and annuity products as well.
WFG serves customers nationwide and is registered with the Securities and Exchange Commission, while its representatives are licensed in Pennsylvania, Texas, and Virginia. WFG does not conduct business in states where it has not been registered with or is exempt from registration, providing physical, electronic, and procedural safeguards that adhere to federal standards to protect your non-public personal data.