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Best Financial Advisors in Winston Salem

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Winston Salem, NC
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Detail
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Price: Free consultation

Accruent Wealth Advisors logo
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Accruent Wealth Advisors

1399 Ashleybrook Lane, Winston-Salem, NC 27103
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  • Estate Planning
  • Tax Planning

Business Description

Accruent Wealth Advisors helps individuals in Winston Salem with their financial goals. It provides financial planning services for clients who want to protect their savings, assets, and investments. It also assists in the implementation of goals, tax planning, investment strategy, cash management, and executive compensation and benefits. Its president and founder, Barry J. Swaim, has been helping individuals and businesses with their financial affairs since 1991. Swaim is also a member of the NAPFA and ACP.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Advance Financial Group logo
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Advance Financial Group

3447 Robinhood Road, Winston-Salem, NC 27106
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  • Certified Financial Planner (CFP)

Business Description

Advance Financial Group offers investment advisory and financial planning services to businesses, families, and individuals in Winston-Salem and the rest of the state. Founded in 1987, the firm provides financial planning services that aim to increase client wealth and create ideal retirement strategies through social security maximization, tax minimization, and investment management. In addition, the company offers clients insurance options to protect their assets. Financial advisor Kimberley Baker has been featured on CNBC and the NASDAQ.

Arbor Investment Advisors logo
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Arbor Investment Advisors

300 South Main Street, Winston-Salem, NC 27101
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  • Retirement Planning

Business Description

Arbor Investment Advisors is an independent, privately-owned wealth management firm that serves foundations, retirement plan trustees, and high net worth individuals in Winston Salem and the rest of the state. Founded in 1998, the company comprises a team of financial advisors that collaborates with clients to help them achieve their financial goals. The firm implements a strategy based on a step-by-step financial plan designed specifically for each client. Company CEO and CIO, Scott Cawood, has both CFA and CFP certifications.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Detail
––
Blue Rock Wealth Management logo
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Blue Rock Wealth Management

524 Trade Street, Winston-Salem, NC 27101
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Blue Rock Wealth Management is a Winston-Salem company that uses collaborative planning to guide clients in simplifying the complex aspects of their finances. Among the services it offers are holistic financial planning, financial checkup, education planning, retirement planning, and 401(k) advice. The company specializes in assisting individuals who are going through major life transitions, such as the loss of a spouse, sale of a business, or receiving an inheritance. Its team of advisors has a combined experience of more than 100 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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Cornerstone Wealth Partners logo
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Cornerstone Wealth Partners

4622 Country Club Road, Suite 200, Winston-Salem, NC 27104
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Business Description

Cornerstone Wealth Partners is a wealth management company serving families, professionals, and small business proprietors in Winston Salem. Its financial advisors create customized financial and investment plans. The firm also provides guidance on risk management, retirement planning, employee benefits, insurance planning, and investment management matters. Advisors analyze the financial status of clients, collaborate with them in drafting long-term plans, and work alongside them for implementation and reviews. The company is committed to upholding clients' interests always.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Covenant Wealth Management logo
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Covenant Wealth Management

301 North Main Street, Winston-Salem, NC 27101
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  • Certified Financial Planner (CFP)

Business Description

Covenant Financial Services is a wealth management firm with more than 20 years of industry experience. The independent company focuses on helping Christian families protect and grow their assets. Every plan addresses the client's financial, vocational, and spiritual health. Wealth management services include retirement planning, risk management, portfolio design, and asset protection. The company's Doctor Planning Solutions program also addresses common concerns and objectives of doctors. The firm serves clients in Winston Salem and the neighboring communities.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Fierce Financial Group logo
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Fierce Financial Group

301 North Main Street, Winston-Salem, NC 27101
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  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Business Tax Preparation

Business Description

Fierce Financial Group is a wealth management firm operating in Winston Salem. It offers a wide range of services including investment management, trust solutions, client demographics, and generational wealth management. Its team provides individualized solutions to high net worth clients such as business owners, medical professionals, high-ranking executives, and professional athletes. One of the agency's partners, Alex Kondeas, is a Certified Financial Planner who is also a tenured university professor. Additionally, he has published textbooks about finance for universities.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)
Hege Financial Group logo
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Hege Financial Group

1404 Plaza West Road, Winston-Salem, NC 27103
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Hege Financial Group has been providing financial advice to Winston Salem residents facing financial matters since 1979. The firm provides tailored strategies befitting the client’s financial goals. It also collaborates with professionals in implementing financial plans. In addition, the firm creates investment and retirement strategies using securities and advisory services. It also minimizes risks through insurance products. Likewise, investment and advisory services are available. The president, William E. Hege IV, is a Certified Financial Planner. Outside the firm, he is a church stewardship team chairman.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (3)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Integrated Advisory Services logo
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Integrated Advisory Services

110 Oakwood Drive, Winston-Salem, NC 27103
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  • Retirement Planning

Business Description

Integrated Advisory Services has been offering financial management assistance in Winston Salem since 1989. The firm guides its clients in preserving their legacies by helping them create budget plans, family insurance structures, and work-life balance strategies. Its team offers various services, including estate, investment, legacy transfer, retirement, and business succession planning. Richard Fields, its managing principal, was described by his client of five years as someone who uses a comprehensive approach to achieve financial wellness.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Maestro Wealth Advisors logo
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Maestro Wealth Advisors

755 Highland Oaks Drive, Winston-Salem, NC 27103
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Maestro Wealth Advisors is a full-service independent financial advisory firm that serves the residents of Winston-Salem and the surrounding areas. It assists clients going into or in retirement through services such as financial goal planning, tax planning, estate and legacy planning, and Social Security analysis. The firm also provides investment asset management and income planning services. Craig and Jennifer Moser of Maestro Wealth Advisors discuss retirement planning tips on their podcast How Money Works.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Marzano Capital Group logo
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Marzano Capital Group

2625 Neudorf Road, Clemmons, NC 27012
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  • Estate Planning

Business Description

Marzano Capital Group is a company serving clients in Winston Salem and the surrounding areas. It is a four-person team of financial advisors striving to provide wealth management strategies that are tailored to the needs of their clients. Aside from working with pre-retirees and retirees, the company also works with business owners and working professionals. Services offered by the company include retirement and estate investment planning, education funding, risk management, as well as employee and executive benefits.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
RE|Focus Financial Planning logo
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RE|Focus Financial Planning

500 West 5th Street, Winston-Salem, NC 27101
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  • Retirement Planning

Business Description

RE|Focus Financial Planning provides services to individuals, crypto and real estate investors, small business owners, and retirees in Winston-Salem and the surrounding metros. It is an independent, fiduciary financial planning firm that offers ongoing planning, investment management, and modular planning. Its comprehensive financial planning covers tax planning, cash flow planning, estate planning, and risk management. The owner, Daniel Johnson III, founded the firm in 2021. He previously served as chairman of NAPFA Genesis.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Salem Investment Counselors logo
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Salem Investment Counselors

480 Shepherd Street, Winston-Salem, NC 27103
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Salem Investment Counselors is a privately owned financial advisory firm that has been serving the residents of Winston Salem and the surrounding areas for more than 40 years. It provides clients with financial management and guidance through estate planning, tax planning, and investment management services. The firm has ranked first on CNBC's Financial Advisor 100 list for two years in a row. Salem Investment Counselors supports community organizations such as the American Heart Association, the American Cancer Society, and the Boy Scouts of America.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
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Detail
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Sheets Smith Wealth Management logo
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Sheets Smith Wealth Management

120 Club Oaks Court, Winston-Salem, NC 27104
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  • Retirement Planning

Business Description

Sheets Smith Wealth Management offers financial planning services for clients residing in Winston Salem. Established in 1982, the independent investment advisory firm handles portfolio management, asset allocation issues, and retirement planning for individuals and families. It provides its clients with recommendations that can help diversify their investment portfolio and adjust the risk for every return. It also guides high asset families by sorting out financial challenges through wealth management and manages endowment funds through its OCIO services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Steven E. Brendle logo
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Steven E. Brendle

4622 Country Club Road, Winston-Salem, NC 27104
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  • Estate Planning

Business Description

Steven E. Brendle is a financial advisor serving individuals, families, and businesses across the Winston-Salem metro. In 1976, he started Brendle Crouse P.A. to offer customized tax and financial planning solutions for local clients. He assists clients in a wide range of finance matters, including creating succession plans, minimizing tax liabilities, and establishing estate plans. In addition to being a Certified Financial Planner, Brendle is also a certified public accountant and Personal Financial Specialist.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Timonier logo
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Timonier

121 Reynolda Village, Winston-Salem, NC 27106
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  • Certified Financial Planner (CFP)

Business Description

Located in Winston Salem, Timonier is a family-operated and family-owned wealth management firm that has been serving a wide range of clients, including investors, families, businesses, and physicians for more than 20 years. It offers various services, such as investment advisory, estate planning, real estate, financial planning, 401(k) solutions, and tax planning. Timonier sponsors supporting organizations and hosts forums in human development and charitable events. Its owner and founder, Tim L. Baker, has been working in the industry since 1981.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Winston Wealth Management, LLC logo
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Winston Wealth Management, LLC

1255 Creekshire Way, Winston-Salem, NC 27103
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  • Certified Financial Planner (CFP)

Business Description

Winston Wealth Management is a financial services firm based in Winston Salem that focuses on retirement planning and estate planning. Services include investment management solutions to optimize retirement income, more detailed retirement planning, and plans for retirement income distribution. Plans for education funds and services specifically tailored to manage the acquired wealth of surviving spouses and clients are also available. The company is run by Mickey Smith, a financial advisor with multiple insurance and securities licenses, such as FINRA Series 7 and 66 securities registrations.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Wittenberg Priddy Blankenship logo
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Wittenberg Priddy Blankenship

2990 Bethesda Place, Winston-Salem, NC 27103
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Wittenberg Priddy Blankenship assists Winston Salem residents in pursuing and achieving financial freedom. Its team assists individuals in managing their estate, investment, insurance, tax, and retirement plans. It guides clients in reviewing personal finances and assessing their risks. Michael Wittenberg, its president, started his financial career in 1984 as a senior vice president of investments in a well-known financial company. Aside from Wittenberg, the independently owned company has two more professionals on board, Jeff Priddy and Brenda Blankenship, who can address its clients' financial needs.

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Frequently Asked Questions

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.

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.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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