Expertise.com
2024

Last updated:

Best Financial Advisors in Williamsburg

Our Recommended Top 3

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 Williamsburg Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

6

Reviewed

4

Curated

3

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Williamsburg, VA
  • Estate Planning
  • Investment Management
  • Retirement Planning
  • Financial Planning

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.

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

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

Williamsburg, VA

Why choose this provider?

Need help contacting a Financial Advisor in Williamsburg? 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!

Website
351 McLaws Circle, Suite 1, Williamsburg, VA 23185
  • Estate Planning
  • Tax Planning
  • Retirement Planning
  • Private Wealth Advisor
  • Certified Financial Planner (CFP)

Why choose this provider?

Covenant Wealth Advisors is an independent financial advisory firm in Williamsburg that assists clients with managing and investing their money. Its advisors help clients maximize their Social Security and pension benefits, reduce their taxes, and create an investment portfolio for their retirement. The firm provides ongoing advice and management to improve clients' investment returns, reduce risks, and fund the lifestyle they want. Covenant Wealth Advisors also offers estate planning services to ensure clients' assets are protected.

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 (5)

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 much do fee-based financial advisors in Williamsburg charge?

    For those looking for a one-time financial plan, experienced financial advisors charge $1,500 to $6,500, depending on clients' respective circumstances. However, those with wealth management needs may waive this fee. On average, financial advisors in Williamsburg are paid $32.45/hour. Also, some firms charge 0.40% to 1% of the assets of individuals with more than $1 million managed assets, while 1.25% for those with less than $1 million managed assets.

  • How can you prepare for early retirement in Williamsburg?

    Individuals who plan for early retirement in Williamsburg should seek assistance from financial advisors to guide them with their decisions, advise them on which financial planning options to choose, and save them from scams. Financial advisors may also help you plan your exit strategy, which involves choosing your health insurance coverage, managing your short-and-long-term income, and taking advantage of your Social Security benefits. Additionally, financial advisors can address the tax implications of retirement planning.

  • How do financial advisors in Williamsburg help families of children with disabilities?

    Financial advisors in Williamsburg can craft a special needs plan that maintains the eligibility of children with disabilities for Medicaid and government assistance programs. This plan secures assets left by their deceased parents and protects them from financial scams. They also help collect government benefits, like Supplemental Security Income, identify unpaid support, provide legal protections, and appoint a trust. Additionally, financial advisors can create a family protection plan, which covers college preparation and consulting, therapies, and special needs recreational groups.

  • What are variable annuities in Williamsburg?

    Variable annuities in Williamsburg are periodic payments to insurance companies to pay an individual an income stream to use when they retire. It has contract limitations and fees, such as sales and surrender charges, mortality risk costs, administrative bills, and investment management fees. Individuals below 59 years old are subject to a 10% federal tax penalty if they withdraw these annuities. However, these variable annuities are not guaranteed by banks, the Federal Deposit Insurance Corporation, or any agencies.

  • How long does retirement money last in Williamsburg?

    It depends. Several factors may affect the longevity of one's retirement money, such as inflation, withdrawal rate, health care bills, life expectancy, and savings and investments. Senior adults planning for retirement in Williamsburg must hire a financial advisor to help them create strategies for managing their savings. These professionals can craft retirement budgets, adjust asset allocations, maximize Social Security Benefits, and set flexible withdrawal rates.

  • 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.

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