Finding a Top Financial Advisor Firm in Brentwood, Tennessee
Choosing a financial advisor is like buying a used car. When looking under the hood, would you even know a problematic engine if you saw one? To help you screen for basic issues, such as clean records, fiduciary duty and location, we pulled together this list of the top financial advisor firms in Brentwood, Tennessee. For easy comparing and contrasting, we then put together key information such as fee basis and investment strategy. Only seven firms met our criteria. Start your search with this list. Then use SmartAsset’s free financial advisor matching tool to connect with advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Virtue Capital Management, LLC Find an Advisor||$1,071,516,782||$1,000|| || |
|2||TBH Global Asset Management, LLC Find an Advisor||$889,094,693||No set account minimum|| |
Minimum AssetsNo set account minimum
|3||Provident Wealth Management, LLC Find an Advisor||$534,917,492||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Seven Springs Wealth Group, LLC Find an Advisor||$664,410,221||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Tranquility Partners, LLC Find an Advisor||$458,199,712||$1,000|| || |
|6||Caldwell Advisors, LLC Find an Advisor||$232,609,171||$750,000|| || |
|7||Prudent Street Financial Advisors, LLC Find an Advisor||$310,078,716||$500,000|| || |
|8||Premier Private Wealth, LLC Find an Advisor||$299,264,114||$500,000|| || |
|9||J. Mark Nickell & Co. Find an Advisor||$125,412,585||$1 million|| || |
Minimum Assets$1 million
|10||Luken Investment Analytics, LLC Find an Advisor||$228,979,564||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Brentwood, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Virtue Capital Management
Virtue Capital Management manages its assets on a discretionary basis. Its team of advisors, most of whom are also insurance agents, are spread across the country, including in other offices in Tennessee: Antioch, Bartlett, Cookeville, Dickson, Germantown, Hermitage, Knoxville, Memphis, Nashville, Soddy Daisy.
Virtue Capital’s minimum to open an investment account is $1,000. It follows then that its individual clients tend not to have a high net worth. The fee-based also works with banks, thrift institutions, retirement plans, trusts, estates, charitable organizations and other investment advisors.
Virtue Capital Management Background
Virtue Capital became registered as an investment advisor with the SEC in 2014. It’s owned by Financial Holdings, LLC, which, in turn, is owned by Jeremy Rettich and Matthew Rettich. Jeremy Rettich serves as president while James Webb, who has a small stake, is vice president.
The firm offers discretionary investment management services, including through a wrap fee program it manages and sponsors. It also provides financial planning and consulting and a course that covers finances in retirement.
Virtue Capital Management Investing Strategy
In formulating recommendations, Virtue Capital may use quantitative analysis, computer-based risk/return analysis, technical analysis and statistical and/or computer models utilizing long-term economic criteria. It may recommend a sub-advisor or a model portfolios managed by other advisors. The vast array of options are from a number of notable investment firms. The firm may also recommend mutual funds or non-traded real estate investment trusts.
TBH Global Asset Management
At the top of our list is TBH Global Asset Management. The firm splits its advisors into several teams: the Merrell Group, Davis/Reynolds Team, the Anderson Group and TBH Sports. In addition to its headquarters in Brentwood, there’s a branch office in Franklin.
The practice does not have a minimum investment requirement. So not surprisingly, the great majority of individual clients do not have a high net worth. TBH Global also serves trusts, estates, corporations, other business entities and pension and profit-sharing plans.
As a fee-based firm, certain advisors here can receive commissions from the sale of insurance products. Despite this, the firm is bound by fiduciary duty to act in clients' best interests at all times.
TBH Global Asset Management Background
David Merrell founded TBH Global in 2007. The initials stand for Tortoise Beats Hare - shorthand for his belief that investing takes patience, and as the old fable’s last sentence goes, “Plodding wins the race.” Before starting TBH Global, Merrell was part of a group that managed a multi-billion dollar portfolio. Today, he serves as CEO and is the sole owner.
TBH Global offers customized investment advisory services on either a discretionary or non-discretionary basis. For accredited investors, it may also provide access to alternative investments such as limited partnerships, private equity funds and real estate investment trusts that are not publicly traded. Additionally, it offers financial planning on a one-time or ongoing basis, consulting services and retirement plan services.
TBH Global Asset Management Investing Strategy
TBH Global may recommend a third-party investment manager, depending on the client’s profile and needs. Generally, it uses fundamental analysis when evaluating securities. The firm and its advisors may also provide financial planninng services to clients, on their own or together with asset management services. TBH may invest client assets in a wide array of securities.
Provident Wealth Management
Next on our Brentwood list is Provident Wealth Management, previously known as One Trusted Advisor Investments. The firm manages its assets on a discretionary basis.
The fee-only firm's individual client base is nearly evenly split between high-net-worth individuals and less wealthy clients. The practice has no set minimum investment requirement though. It also serves corporations and business entities. There is no set account minimum.
Provident Wealth Management Background
The Provident Wealth Management Trust principally owns the firm, and Andrew Knell is the trustee. Knell, Keith McKissock, president, and Charlton Lentz, vice president of investment management, have small stakes.
The firm offers portfolio management and financial planning. The latter can be comprehensive and broad or cover a single subject. One Advisor Investments also provides consulting services.
Provident Wealth Management Investment Strategy
When implementing your investment plan, the advisory primarily uses equity securities, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, mutual funds, and U.S. government securities. It considers technical, fundamental and cyclical factors when analyzing investments. Advisors use a range of investments to drive growth in client portfolios, but they tned to primarily stick to mutual funds.
Seven Springs Wealth Group
In business since 2003, Seven Springs Wealth Group is the next firm on our list. The firm was previously known as Sailer Financial, LLC. The firm's small team includes certifications such as certified financial planner (CFP), chartered financial analyst (CFA) and financial paraplanner qualified professional (FPQP). They also include brokers and licensed insurance agents, making the firm fee-based. The conflict of interest present due to the ability of these advisors to receive commissions from the sale of financial products is mitigated by the firm's fiduciary duty to act in the best interests of clients at all times.
Clients who do have a high net worth edge out those who do not. The firm does not have a minimum account requirement, though it does have a minimum annual management fee of $5,000. The firm also offers its services to retirement plans, trusts, estates and business entities.
Seven Springs Wealth Group Background
Amy Sailer founded the firm in 2003. In 2012, Jeremy Hutzel, who had been working at Sailer since 2005, became co-owner, and four years later, he became sole owner. Today, he serves as president and advisor.
Sailer offers financial planning as “The Sailer Financial Navigator.” It also offers traditional investment management services and asset allocation services through separate account managers.
Seven Springs Wealth Group Investing Strategy
The firm either advises clients on how to allocate their assets among various classes or recommends third-party money managers. When designing portfolios based on client profiles and goals, Sailer uses asset allocation modeling. By tailoring its advisory services to the needs of clients, the firm ensures that clients aren't just put into cookie-cutter strategies that don't work for their particular financial situations.
Tranquility Partners is the next firm on our Brentwood list. The firm is fee-only, which means advisors do not receive transaction-based fees or commissions. They only receive fees for their services from clients.
Though the minimum account size is only $1,000, high-net-worth individuals make up a sizable portion of the firm's client base. The practice does not have institutional investors as clients.
Tranquility Partners Background
Tranquilty Partners began operations in late 2015, though it didn't become an SEC-registered advisor until 2018. CEO James Golladay Baker III and COO/CCO John Kerstan Crawford are the primary owners.
The firm's primary offerings are wealth management services and family office services. The former can encompass investment strategy, personal investment policy, asset allocation, asset selection, risk management and regular portfolio management. Also, it may recommend third-party portfolio managers.
Tranquility Partners Investing Strategy
The practice primarily limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, exchange-traded funds (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds, non-U.S. securities, venture capital funds and private placements. Like most advisors, if not all of them, Tranquility Partners customizes portfolios to clients' profiles and goals.
When evaluating securities, the firm uses charting, fundamental, cyclical and quantitative methods of analysis. Modern portfolio theory informs how it determines client asset allocations.
Caldwell Advisors is the next firm up on our Brentwood list. The firm has a small team of advisors, some of who may receive commissions from selling financial products. Despite this potential conflict of interest, the firm is still a fiduciary and is legally obligated to act in the best interests of clients at all times.
The vast majority of individual clients do not have a high net worth. Still, the minimum to open an investment account is $750,000 - though the firm may lower the requirement at its discretion. The firm also works with corporate retirement plans, charitable institutions, foundations, endowments and other institutions.
Caldwell Advisors Background
Billy Ray Caldwell, Jr., who has a J.D. from Duke University School of Law, started his namesake firm in 2007. He has been in wealth management services since 1991.
The firm offers investment management services on a discretionary or non-discretionary basis. It may recommend a sub-advisor to manage part of a client’s accounts. It also provides one-time investment advice and certain administrative services, including maintaining the books and records relating to client investments, placing orders for the purchase and sale of securities and providing transaction directions to custodians.
Caldwell Advisors Investing Strategy
Caldwell Advisors offer three types of portfolios: one that holds mutual funds with aggressive to conservative strategies, one that primarily holds individual stocks and bonds and one that is a combination of the first two. In evaluating securities, the firm uses fundamental and technical methods of analysis.
Prudent Street Financial Advisors
Prudent Street Financial Advisors, LLC is the next firm on our list of the top advisors in Brentwood. Its team of advisors has a handful of certifications, including certified financial planner (CFP), chartered financial consultant (ChFC), and certified retirement planning consultant (CRPC). The full-service shop also has brokers and licensed insurance agents on staff, making it fee-based. Despite the conflict of interest that could arise from any receipt of commissions for the sale of financial products, the firm is a fiduciary and is legally obligated to act in the best interests of clients at all times.
Non-high-net-worth individual clients slightly edge out individuals who are more affluent. The minimum to open an investment account is $500,000, though the firm may waive the amount at its discretion. In addition to individuals, Prudent Street also advises retirement plans, corporations, trusts and estates.
Prudent Street Financial Advisors Background
David Richardson founded the firm in 2012. He’s the sole owner. Prudent Street offers portfolio management on a discretionary or non-discretionary basis. It also provides financial planning, corporate retirement plan, insurance brokerage and general consulting services
Prudent Street Financial Advisors Investing Strategy
When the practice thinks it appropriate, it may recommend a third-party investment advisor. In designing and implementing a portfolio Prudent Street may use long-term purchases (securities held for at least a year), short-term purchases (securities sold within a year) and options writing/trading.
Premier Private Wealth, LLC
Premier Private Wealth is a fee-based firm -- some advisors may earn commissions for selling insurance, which represents a conflict of interest. Still, when serving as an advisor all must act in the best interest of the client.
PPW works mostly with individuals, the majorty of whom do not qualify as high-net-worth. Institutional clients include charitable organizations and corporations. The minimum account size is $500,000.
The team at PPW includes three certified financial planners (CFPs) and one accredited investment fiduciary (AIF).
Premier Private Wealth Background
Premier Private Wealth Investment Strategy
J. Mark Nickell & Co.
J. Mark Nickell & Co. is a fee-only firm requiring at least $1 million to open an account. Fees at the firm are based on a percentage of assets under management for investment management.
Nickell works with individuals primarily, most of whom qualify as high-net-worth. Institutional clients include pension and profit sharing plans, corporations and charitable remainder trusts.
The team at the firm includes one chartered financial analyst (CFA)
J. Mark Nickell & Co. Background
J. Mark Nickell & Co. Investment Strategy
Luken Investment Analytics
Last on our list, but not least, is Luken Investment Analytics. This means they can earn commissions from selling financial products. That can present a conflict of interest, but advisors must act in the best interest of the client as a registered fiduciary advisor.
With no investment minimum, the firm works mostly with clients who do not have a high net worth. It also serves trusts, estates, retirement plan participants, private business owners and other investment advisors.
Luken Investment Analytics Background
Gregory Luken founded his namesake firm in 2013. He’s the author of “Retire With Confidence, Your Toolbox For Financial Independence” and is a frequent guest cable financial networks Bloomberg and Fox Business News. He is the majority owner of the firm.
The practice provides discretionary investment advisory services to individuals either through or not through a wrap fee program. It also provides financial planning for a one-time fee. Additionally, it offers its services to investment advisor representatives and other investment advisors.
Luken Investment Analytics Investing Strategy
When formulating investment advice, Luken Investment uses charting analysis, technical analysis and quantitative analysis. As investment strategies, it utilizes long-term trading (securities held for at least one year), short-term trading (securities sold within one year) and short-term purchases (securities sold within 30 days). The firm tailors portfolios to the client’s objectives, risk tolerance and other factors.