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2024

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Best Financial Advisors in Richmond, VA

Our Recommended Top 15

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Richmond Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

61Reviewed

42Curated

15Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

5207 Hickory Park Drive, Glen Allen, VA 23059

Expertise.com Rating

Review Sources

Google
4.4 (8)

Why choose this provider?

Carlson Financial is a Richmond-based team of financial advisors. It offers financial planning and investment advisory services such as wealth management, estate planning, and retirement income planning. It helps clients create financial strategies for income streams and generate potential gains through insurance and investment products. It also guides clients in developing approaches that will protect their assets, minimize taxes, and provide long-term care for the loved ones they leave behind. Carlson Financial has been in operation since 2007.

  • Income planning
  • Investment Planning
  • Inheritance planning
  • Insurance Planning
  • Income Tax planning

8001 Franklin Farms Drive RM 208, Richmond, VA 23229
WebsiteLicense: 155221

Expertise.com Rating

Review Sources

Google
5.0 (11)

Why choose this provider?

Covenant Wealth Advisors is a fee-only and fiduciary financial advisory firm in Richmond that caters to people aged 50 and up with over $1 million in savings and investments. Forbes nominated Covenant as a Best-in-State wealth advisor in 2022. As part of its all-inclusive wealth management experience, it provides investment management, tax planning, and retirement income planning specifically designed to help individuals transition to and through retirement. Staffed with Certified Financial Planner professionals and a CPA, the investment advisory firm designs, implements, and protects personalized financial plans for retirement.

  • Estate Planning
  • Private Wealth Advisor
  • Retirement Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Richmond, VA
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Retirement Planning
  • Investment Management
  • Financial Planning

Richmond, VA 23294

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

Alexis Advisors is a fee-only, socially focused financial planning and investment advisory firm. The firm aims to support women and families in building wealth intentionally, aligning their money with what they value most. As a Certified B Corp, the firm’s mission is to strive to use its business as a force for good, offering proprietary ESG-focused portfolios. Alexis Advisors was launched in 2013 with a focus on consumer advocacy and full transparency around fees paid for services rendered.

9030 Stony Point Parkway, Richmond, VA 23235

Expertise.com Rating

Review Sources

Google
4.0 (4)

Why choose this provider?

Verus Financial Partners has been serving the Richmond community for more than two decades. The company handles the evaluations of insurance options, stock options, and restricted stocks. It also evaluates real estate purchases and reviews employee benefits packages. Every client receives customized investment strategies to help them reach their objectives and long-term financial goals. In addition, the company helps clients make decisions about their retirement. Business owners and individuals can also receive recommendations for tax strategies.

  • Tax Preparation

140 Virginia Street, Richmond, VA 23219

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

The Roseline Group is a financial advisory and wealth management firm that has been serving individuals, families, and businesses in Richmond and the surrounding areas for more than 15 years. Its financial planning services include insurance analysis, college planning, estate planning, and retirement planning. The firm also offers tax preparation and investment portfolio management services. The professionals at The Roseline Group have a combined experience of more than 100 years in the financial services field.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

919 East Main Street, Richmond, VA 23219

Expertise.com Rating

Review Sources

Yelp
5.0 (22)

Why choose this provider?

Virginia Estate and Retirement Planning Advisors, Inc., is an independent advisory firm providing financial and estate planning, investment management, and tax advice to Richmond. It also creates and reviews retirement plans for businesses. For over 20 years, the firm's president Thomas Marshall has worked with over 800 pre-retirees and retirees from companies and organizations, such as the U.S. Government, DuPont, and Wyeth Pharmaceuticals. Virginia Estate and Retirement Planning Advisors was featured in Virginia Living magazine as one of the Top Financial Planning Firms in Central Virginia.

  • Certified Financial Planner (CFP)

406 West Franklin Street, Richmond, VA 23220

Expertise.com Rating

Review Sources

Yelp
5.0 (22)

Why choose this provider?

Spark Financial Advisors is a fiduciary advisory and planning company serving both Richmond and Williamsburg. The firm helps clients through various services, such as investment management, life planning, retirement plan analysis, tax optimization, and risk analysis. As a fiduciary partner, the company also guides business owners with the small business 401(k) to build wealth from external sources. Spark Financial Advisors is run by Lauren Zangardi Haynes, who has more than 15 years of experience in the financial advisory services industry.

  • Certified Financial Planner (CFP)
  • Retirement Planning

3741 Westerre Parkway, Richmond, VA 23233

Expertise.com Rating

Review Sources

Yelp
5.0 (3)

Why choose this provider?

Founded by Charles Roberts, Financial Freedom Planners caters to clients in Richmond. With over 40 years of experience in financial services field, its team acts in a fiduciary capacity on behalf of its clients. Clients can choose from different financial planning solutions, such as investment, retirement, comprehensive, or foundational. The company also offers single project and financial freedom plans. Serving clients from all walks of life, the company assists clients, regardless of their investable assets or net worth.

  • Certified Financial Planner (CFP)
  • Retirement Planning

1806 Summit Avenue, Richmond, VA 23230

Expertise.com Rating

Why choose this provider?

Agili is a financial and investment management company that serves Richmond clients. It offers financial planning services such as tax and estate planning, retirement planning, insurance analysis, risk management, and contingency planning. Clients also receive investment management services including investment research, capital preservation, alternative investments access, and asset allocation to maximize risk-adjusted returns. Agili acts as a personal CFO to clients and provides fulfillment-focused services such as forging relationships with banks and lenders, negotiation support for salary and benefits, and financial education.

  • Certified Financial Planner (CFP)

7202 Glen Forest Drive, Richmond, VA 23226

Expertise.com Rating

Why choose this provider?

Alpha Omega Wealth is a wealth management firm that caters to individuals and their families and non-profit institutions in Richmond. The independent firm creates a financial plan that controls the client's saving, spending, and funding of future goals. Its planning services include but are not limited to cash management, investment review and planning, estate considerations, insurance needs, and education funding. Moreover, it has a six-member investment committee with an average of 23 years of experience in handling stocks, bonds, exchange-traded funds, and mutual funds.

  • Certified Financial Planner (CFP)

1021 East Cary Street, Richmond, VA 23219

Expertise.com Rating

Review Sources

Google
5.0 (2)
Facebook
5.0 (1)

Why choose this provider?

Headquartered in Richmond, Wealthcare Capital Management LLC is a company that combines investing and financial planning into an integrated process using its GDX360 platform, which integrates investment management and financial planning. The firm's advisors use the platform to help clients achieve their life goals, whether for wealth management, retirement, estate preservation, or college funding. In addition, the platform provides a personalized and interactive client wealth experience. Wealthcare started as a software company in 1999. It became a registered investment advisor in 2003.

  • Certified Financial Planner (CFP)
  • Retirement Planning

704 Libbie Avenue, Richmond, VA 23226

Expertise.com Rating

Why choose this provider?

Wills Financial Group has assisted Richmond clients in building their desired financial future since 1989. The firm utilizes financial knowledge, investment strategies, and a team-based approach in preserving the client’s wealth. Its portfolio construction also reflects the client’s financial goals and preferences. The firm's personalized asset management also combines the client’s priorities and its ongoing economic market analysis. In addition, retirement and estate planning are available. The founder, Janet H. Wills, is a Certified Financial Planner with over 37 years of experience.

  • Certified Financial Planner (CFP)
  • Retirement Planning

7201 Glen Forest Drive, Richmond, VA 23226

Expertise.com Rating

Why choose this provider?

Kanawha Capital Management is a financial advisory firm that has been serving Richmond and the surrounding areas for more than 30 years. It caters to a wide range of clients, including individuals, families, foundations, endowments, and pension and retirement accounts. Its financial planning services include tax planning and coordination, insurance analysis, retirement planning, and estate planning. The professionals of Kanawha Capital Management have a combined experience of more than a century in the field of investment. The company now has clients in over 25 states.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

9 South 5th Street, Richmond, VA 23219

Expertise.com Rating

Why choose this provider?

Since 2011, Richmond-based Canal Capital Management has been advising stakeholders on financial matters. It caters to various clients, including executives, professionals, families, entrepreneurs, and institutions. Its financial planning approach includes cash flow management, insurance planning, tax minimization, and investment management. Furthermore, it offers business consulting to company owners and investors. The firm's founder and CEO, E. Neil Gilliss, is a Certified Financial Planner and holds an MBA degree. He has provided wealth management services to senior executives at Fortune 500 companies.

  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
Carlson Financial
5207 Hickory Park Drive, Glen Allen, VA 23059Free for first consultation.
Covenant Wealth Advisors
8001 Franklin Farms Drive RM 208, Richmond, VA 23229Free Consultation
SmartAdvisor by SmartAsset
Richmond, VAFree Consultation
Alexis Advisors LLC
Richmond, VA 23294
Verus Financial Partners
9030 Stony Point Parkway, Richmond, VA 23235
The Roseline Group
140 Virginia Street, Richmond, VA 23219
Virginia Estate and Retirement Planning Advisors, Inc
919 East Main Street, Richmond, VA 23219
Spark Financial Advisors
406 West Franklin Street, Richmond, VA 23220
Financial Freedom Planners
3741 Westerre Parkway, Richmond, VA 23233
Agili
1806 Summit Avenue, Richmond, VA 23230
Alpha Omega Wealth
7202 Glen Forest Drive, Richmond, VA 23226
Wealthcare Capital Management LLC Office – Richmond, VA
1021 East Cary Street, Richmond, VA 23219
Wills Financial Group
704 Libbie Avenue, Richmond, VA 23226
Kanawha Capital Management
7201 Glen Forest Drive, Richmond, VA 23226
Canal Capital Management
9 South 5th Street, Richmond, VA 23219

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • In Richmond, what methods can you use to estimate how long your retirement savings will last?

    You can estimate your retirement fund duration in Richmond using these guidelines, considering your financial situation and needs:

    • 4% Rule: Withdraw 4% of retirement savings in the first year, adjusting for inflation annually, to last around 30 years.
    • Multiply by 12 Rule: Calculate annual retirement income by multiplying monthly income by 12 and subtracting guaranteed income sources.
    • 25x Rule: Save 25 times annual retirement expenses, allowing for a 4% yearly withdrawal to enhance the probability of your funds lasting for 30 years.
  • What is the definition of retirement cash flow in Richmond?

    Cash flow refers to the constant movement of money into and out of your bank accounts. The income component of cash flow encompasses money from a variety of sources, including pensions, wages, real estate income, investment gains, and social security benefits in Richmond. On the other hand, expenses include fixed and movable expenses, taxes, and any other elements that influence cash outflow.

  • Is it possible for a financial advisor in Richmond to steal your money?

    If your Richmond financial advisor works with a respected custodian with stringent security standards, it will be unlikely for them to steal your money. Such a custodian will require your physical signature for any transfers to a third-party account. Furthermore, this won't be a concern if you opt for a modern fee-only financial planner who provides investment and retirement planning advice without controlling your assets. If you take all of these into account, the probability of theft will be significantly reduced.

  • What distinguishes a financial advisor from a financial planner in Richmond?

    A Richmond financial advisor typically handles investment accounts for individuals with high net worth. On the other hand, a financial planner is a specialist who assists individuals and families in making thoughtful and thorough financial decisions in order to achieve their life goals. An efficient financial planner offers advice on a variety of topics, including debt and credit, taxes, money management, retirement planning, insurance, estate planning, and investments.

  • What does fiduciary responsibility mean in Richmond?

    In Richmond, the term "fiduciary" describes the duty to maintain trust and confidence. Financial service professionals, such as certified financial planners, must put the needs and interests of the clients above their own when they have a fiduciary duty to them. When given this responsibility, advisors are less inclined to prioritize their own interests by promoting products intended to yield them quick profits.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.