Expertise.com
2024

Last updated:

Best Financial Advisors in Franklin

Our Recommended Top 2

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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

18

Reviewed

11

Curated

2

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
Franklin, TN
  • Financial Planner
  • Financial Advisors
  • Financial Planning
  • Retirement Planning
  • Wealth Management
  • Asset Management

Why choose this provider?

Retirement Renegade, formerly Legacy Builders Wealth Management, helps clients in planning for a comfortable future. The firm assists in developing a solid retirement strategy, maximizing tax savings, and building a nest egg that will last throughout the golden years. The team works with individuals who are catching up on their savings, using tailored approaches for each stage. In addition, Retirement Renegade guides clients with post-retirement taxation, estate planning, and charitable contribution methods. Its retirement experts serve the Franklin metro.

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 (59)

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

Price: Free Consultation for price and rates

Franklin, TN

Why choose this provider?

Need help contacting a Financial Advisor in Franklin? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

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.

  • How can a financial advisor help you with tax planning in Franklin?

    In Franklin, a financial advisor can be instrumental in tax planning by offering expertise in tax laws and regulations, optimizing tax efficiency, providing year-round tax planning, and collaborating with tax professionals like CPAs. They help navigate the complexities of the tax code, identify tax-saving strategies, and integrate tax planning into your overall financial plan. When selecting a financial advisor, it's essential to find one with specific expertise in tax planning and the services you need.

  • What are some of the benefits of investing in real estate in Franklin?

    Investing in real estate in Franklin offers several benefits to consider. The city's strong job market, fueled by its proximity to Nashville and the presence of major corporations, attracts tenants, ensuring steady rental demand. The abundance of outdoor activities, such as parks and hiking trails, adds to the area's desirability. Additionally, there is potential for long-term appreciation as Franklin continues to grow and develop, potentially increasing property values.

  • How can you verify if a financial advisor is licensed and registered in Franklin?

    To verify if a financial advisor is licensed and registered in Franklin, you can contact the regulatory body that oversees financial advisors in the state, such as the Tennessee Department of Commerce and Insurance. They will be able to provide guidance and verify the advisor's credentials. Thorough research and due diligence are essential before choosing a financial advisor to ensure they have the required qualifications and expertise.

  • What are some questions to ask a financial advisor during an initial consultation in Franklin?

    During the initial consultation with a financial planner in Franklin, it is important to inquire about their qualifications, offered services, fee structure, investment philosophy, communication methods, and risk management approach. You should also inquire about the financial planning process, topics covered during meetings, written agreement for services, and meeting frequency. These questions will aid in evaluating the financial planner's expertise and services to ensure they align with your specific financial needs and goals.

  • Are there tax implications for early withdrawal of retirement savings in Franklin?

    Yes. In Franklin, Tennessee, early withdrawal of retirement savings carries tax implications. If you withdraw from your retirement plan before the age of 59 ½, you'll incur an additional 10% income tax on the distribution, known as the early withdrawal penalty. However, there are certain exceptions to this penalty, though regular income tax on the withdrawn amount may still apply even in qualifying cases. It's crucial to consider the tax consequences before making early withdrawals from your retirement savings.

  • 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.