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Best Financial Advisors in Virginia Beach

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Virginia Beach, VA
  • Estate Planning
  • Investment Management
  • Financial Planning
  • 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.

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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)

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4.0
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Price: Free consultation

Bay Capital Advisors logo
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Bay Capital Advisors

2309 Mariners Mark Way, Virginia Beach, VA 23451
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  • Estate Planning
  • Retirement Planning

Business Description

Bay Capital Advisors is an independent Registered Investment Advisor company that serves clients in the Virginia Beach area. Serving both financial novices and experienced investors, its financial advisors help clients achieve financial goals by guiding them with their finances and investments. Their approach in wealth management is to understand each client's financial situations and retirement goals to provide suitable strategies, especially on investing. One of its financial specialists, Jim Flinchum, has 35 years of financial and banking experience. He is a Certified Financial Planner.

Beacon Harbor Wealth Advisors logo
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Beacon Harbor Wealth Advisors

440 Viking Drive, Virginia Beach, VA 23452
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Beacon Harbor Wealth Advisors provides services to clients in Virginia Beach and the surrounding areas. It offers various financial planning services to help individuals secure their present and future finances. These services include retirement, estate, and education planning. It also manages taxes, insurance, cash flow, and employee benefits. Its founder, Jeremy W. Ingram, is a member of the Norfolk Christian Schools’ Finance Committee who also served as a contracting officer in the U.S. Air Force.

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.
5.0
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Carlson Financial logo
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Carlson Financial

4164 Virginia Beach Boulevard, Virginia Beach, VA 23452
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  • Retirement Planning
  • Insurance Products
  • Tax Planning

Business Description

Carlson Financial has been serving Virginia Beach since 2012. Its team of financial advisors assists people age 50 and up in achieving their retirement objectives. Whether clients are starting to plan for retirement, nearing retirement, or have already retired, Carlson Financial provides a retirement review. Once the financial details are laid out, its staff customizes strategies for income, taxes, investments, insurance, and inheritance. The company employs a Chartered Financial Consultant and a Certified Financial Planner.

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
Google
4.0 / 5 (5)

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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Envision Wealth Management logo
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Envision Wealth Management

1 Columbus Ctr #800, Virginia Beach, VA 23462
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Business Description

Envision Wealth Management is a firm comprised of financial advisors, brokers, investment managers, bankers, and financial planners in the Virginia Beach, Virginia, metro area. The company has 17 years of experience working with clients who are planning their inheritance, receiving an inheritance, or seeking to build a wealth management plan for a successful retirement. Envision Wealth Management designs, implements, and services retirement plans for attorneys, corporations, and employees of all industries.

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.
4.8
Facebook
4.8 / 5 (10)
Google
5.0 / 5 (3)

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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FFG Virginia Beach logo
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FFG Virginia Beach

5544 Greenwich Road, Virginia Beach, VA 23462
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  • Estate Planning
  • Retirement Planning

Business Description

FFG Virginia Beach is an independently owned wealth management firm serving individuals, families, and business owners in the metro. It helps clients take charge of their finances by providing a wide range of services, including financial planning, estate planning, retirement planning, cash flow analysis, asset allocation analysis, and executive benefit planning. It also offers financial advice on life and individual health insurance protection. FFG Virginia Beach has been in business for more than 40 years and has offices in Alexandria, Reston, and Emporia.

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.
5.0
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Financial Security logo
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Financial Security

575 Lynnhaven Parkway, Virginia Beach, VA 23452
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  • Estate Planning
  • Tax Planning

Business Description

Founded in 1997, Financial Security Group is a team of financial planners and investment advisors that helps clients in Virginia Beach and nearby areas. It assists with financial planning that includes wealth accumulation, cash flow and risk management, as well as education, estate, and tax planning. It also offers wealth management strategies, investment portfolio analysis, investment due diligence, accumulation, and distribution. Financial Security Group offers impartial advice based upon years of education, experience, and knowledge.

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
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Helpfulness
Detail
Groom Financial Advisory logo
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Groom Financial Advisory

305 Back Bay Crescent, Virginia Beach, VA 23456
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  • Estate Planning
  • Tax Planning

Business Description

Since 2004, Groom Financial Advisory has been serving individuals, families, and corporate executives in Virginia Beach, Charlottesville, and nearby areas. It offers a wide array of financial planning and investment management services, including college funding advice, tax planning, estate planning, cash flow analysis, life and disability insurance needs analysis, and risk tolerance assessment. Marshall H. Groom, Jr., the founding principal of the firm, carries more than 24 years of experience in the industry and is a member of the National Association of Personal Financial Advisors.

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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Handy logo
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Handy

1064 Laskin Road, Virginia Beach, VA 23451
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  • Estate Planning

Business Description

Handy is a Virginia Beach-based business that assists clients in several areas, including retirement planning. The firm's retirement plan development process involves creating a budget based on clients' goals, reviewing social security accounts, assessing clients' assets and liabilities, and calculating ways to withdraw funds from retirement plans such as IRAs and 401(k)'s. In addition to retirement planning, Handy provides estate planning and accounting services. It is headed by Roger L. Handy, a CFP, CPA, and an AICPA-certified Personal Financial Specialist.

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 (9)

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
Robert Krebs logo
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Robert Krebs

300 32nd Street, Virginia Beach, VA 23451
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  • Retirement Planning

Business Description

Robert Krebs is the senior vice president of investments at Blue Ocean Wealth Advisors of Raymond James. Since 1993, he has been providing financial planning, asset management, retirement planning, and wealth transfer services to a wide range of clients. Serving clients in Virginia Beach, Rob is also a founding partner of Blue Ocean Wealth Advisors with partners Jennifer Duffy and Sandra Peters. He has been a field artillery officer in the U.S. Army for 20 years before becoming a financial professional.

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
4.8 / 5 (32)

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
––
Stewart & Company logo
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Stewart & Company

2940 N Lynnhaven Rd., Virginia Beach, VA 23452
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  • Tax Preparation
  • Tax Planning

Business Description

Established in 1977, Stewart & Company is a family-owned accounting firm serving individuals, families, and businesses in Virginia Beach. Its services include financial planning solutions and consultation. Its financial planners assist with retirement, insurance, investments, and estate planning. The firm is a member of the BDO Alliance USA, and one of its staff members, Kevin Stewart, is an Accredited Estate Planner. He has over 24 years of experience in the industry, including in the areas of financial and business planning.

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.
4.7
Google
4.7 / 5 (51)
Facebook
5.0 / 5 (23)
Yelp
3.5 / 5 (5)

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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Detail
Summit Group of Virginia logo
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Summit Group of Virginia

5029 Corporate Woods Drive, Virginia Beach, VA 23462
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Summit Group of Virginia is a financial consulting firm that has been serving large corporations, small businesses, and individuals in the community of Virginia Beach and the surrounding areas since 1996. It offers a full suite of financial services, such as wealth management, executive benefits, financial planning, retirement plan consulting, and group insurance benefits. Its team with multifaceted backgrounds guides and advocates customers throughout their financial decision-making. Summit Group co-founder Jeffrey Silverman has been working in the financial services industry for more than 30 years.

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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Tull Financial Group logo
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Tull Financial Group

640 Independence Parkway, Chesapeake, VA 23320
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Tull Financial Group has been serving clients in the Virginia Beach area since 2003. It offers financial planning services that cover risk management, cash flow, tax, retirement, estate, and investment strategies. It also handles life in transition services, such as divorce, death of a spouse, and marriage. Its president and CEO, Robert W. Tull, Jr., has more than 30 years of experience in the industry and has contributed to The Wall Street Journal, Financial Planning Magazine, Reader’s Digest, and The New York Times.

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 (9)
Google
5.0 / 5 (3)

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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Virginia Wealth Management Group logo
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Virginia Wealth Management Group

4460 Corporation Lane, Virginia Beach, VA 23462
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  • Certified Financial Planner (CFP)

Business Description

Virginia Wealth Management Group is a family-owned financial advisory firm that has been serving clients in Virginia Beach and nearby areas since 2006. It helps in establishing transfers from clients' account custodian to banking institutions. Additionally, it coordinates with clients' attorneys for estate plan updates, facilitates charitable gifts, manages trusts, and reviews tax considerations. The firm also assists customers in providing financial education to their children. Stephen R. Saal, the company's CEO, brings more than 40 years of experience.

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
Waypoint Advisors logo
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Waypoint Advisors

2101 Parks Avenue, Virginia Beach, VA 23451
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  • Certified Financial Planner (CFP)

Business Description

Waypoint Advisors offers wealth management services from its Virginia Beach location. Its team of advisors draws from various diversified asset classes which may include bonds, hedge funds, and traditional and private equities when building investment portfolios. They also manage risks and rebalance portfolios to maintain their alignment with clients' goals. Waypoint Advisors was established in 2001 by Elizabeth T. Patterson. The CFP and Financial Planning Association member was named by the YWCA of South Hampton Roads as one of the Women of Distinction in 2017.

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
Facebook
3.7 / 5 (11)

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
––
Wealth Avenue logo
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Wealth Avenue

4317 Bonney Road, Virginia Beach, VA 23452
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  • Estate Planning
  • Tax Planning

Business Description

Wealth Avenue is a financial advisory firm that caters to residents of Virginia Beach and nearby communities. It works with clients to develop financial strategies for their retirement or legacy funds. The firm guides them by estimating the likely outcomes of investments, such as insurance policies and stock options. It also offers financial consultations for widows, freelancers, and military personnel. In addition, Wealth Avenue has helped multiple business owners by examining their employee and executive benefit plans.

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)

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
Wealth Trak Advisors logo
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Wealth Trak Advisors

4536 Bonney Road, Virginia Beach, VA 23462
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  • Retirement Planning

Business Description

WealthTrak Advisors is an independent wealth management firm that has been serving clients in and around Virginia Beach for more than three decades. It specializes in assisting clients with evaluating and making retirement plans. The firm also helps clients in various facets of financial planning, including tax planning, 401(k) planning, 403(b) planning, and college planning. Additionally, it provides guidance in estate planning and insurance planning. Founding and managing partner R. Chris Whited has been in the industry since 1994.

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
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––
Zackary Nelson logo
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Zackary Nelson

780 Lynnhaven Parkway, Virginia Beach, VA 23452
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  • Certified Financial Planner (CFP)

Business Description

Zachary Nelson is a financial advisor who serves military professionals and their families in the Virginia Beach area. He himself served in the United States Navy for eight years, so he understands the challenges and opportunities associated with military life. Zachary works for First Command Financial Services founded by a retired Air Force officer in 1958. He offers financial planning and coaching, investment and saving, insurance, and banking services that include personal banking, loans, credit cards, and trust 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 (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.
5.0
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Back to Providers

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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