Finding a Top Financial Advisor Firm in Chattanooga, Tennessee
Finding the right financial advisor isn’t easy. SmartAsset’s list of the top Chattanooga financial advisor firms can make your search for a top financial advisor in the Chattanooga area simpler. Below, you’ll find each firm listed in the order of the amount of assets it manages, with information detailing each firm’s account minimum, fee structure, typical clientele and more. SmartAsset has also developed a financial advisor matching tool that can connect you with advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Patton, Albertson & Miller Group, LLC Find an Advisor||$1,184,309,204||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||HHM Wealth Advisors, LLC Find an Advisor||$864,982,195||$250,000|| || |
|3||The Patten Group, Inc. Find an Advisor||$511,583,841||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Acumen Wealth Advisors, LLC Find an Advisor||$354,125,304||$500,000|| || |
|5||Guardian Wealth Management, Inc. Find an Advisor||$344,109,696||$500,000|| || |
|6||Evergreen Advisors, LLC Find an Advisor||$368,469,659||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Wealth Preservation Advisors, LLC Find an Advisor||$399,434,733||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Capital Square, LLC Find an Advisor||$305,314,646||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Barnett & Co., Inc. Find an Advisor||$157,224,136||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Apex Strategic Wealth, LLC Find an Advisor||$173,126,830||Varies based on account size|| || |
Minimum AssetsVaries based on account size
What We Use in Our Methodology
To find the top financial advisors in Chattanooga, 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 accurate as of the writing of this article. 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.
Patton, Albertson & Miller Group
Patton, Albertson & Miller Group (PAM Group) says it’s focused on assisting “affluent individuals and families throughout the U.S.” with their financial situations. Although this fee-only firm is primarily committed to serving those with a high net worth, it also works with corporations and charitable organizations. PAM Group doesn't require a stated minimum investment to begin a relationship, but there is a minimum annual fee of $10,000.
PAM Group boasts several financial certifications, including certified financial planners (CFPs), chartered financial analysts (CFAs) and chartered retirement planning counselors (CRPCs).
Patton, Albertson & Miller Group Background
Founded in 2015, Patton, Albertson & Miller Group quickly grew to be a large advisory firm. The firm is a subsidiary of the holding company Focus Operation, LLC.
Patton, Albertson & Miller Group offers a variety services, depending on what you’re most in need of in your current financial situation. Its services include:
- Investment management
- Estate planning
- Cash flow management
- Risk management
- Tax planning
- Trust and fiduciary services
- Merger and acquisition
- Business succession planning
Patton, Albertson & Miller Group Investing Strategy
Patton, Albertson & Miller Group commonly invests its clients’ assets in exchange-listed securities, mutual fund shares, exchange-traded funds (ETFs), international and corporate securities, certificates of deposit (CDs), options contracts, real estate investment trusts (REITs) and warrants. The firm chooses investments for its clients based on their risk tolerance, liquidity needs and investment objectives.
Because this firm tends to focus on a long-term approach, it reviews its client portfolios on an annual basis. During this evaluation, the firm may change your investment plan and/or the investment types in your portfolio, rebalance your account or some combination of the above.
HHM Wealth Advisors
HHM Wealth Advisors boasts several financial advisor certifications. Such certifications include certified financial planner (CFP), certified public accountant (CPA) and accredited investment fiduciary (AIF) on staff. To gain access to these advisors, however, you will need a minimum of $250,000 in investable assets.
The majority of this firm’s current client base consists of non-high-net-worth individuals. HHM also manages assets for high-net-worth individuals, businesses, pensions, profit sharing plans and charitable organizations.
As a client of this fee-based firm, you may be offered insurance by your advisor, which may result in commissions for them. However, the firm is an SEC-registered fiduciary, so it’s required to act in your best interest.
HHM Wealth Advisors Background
Founded in 1999, HHM Wealth Advisors is one of the older firms on this list. Managing partner and wealth advisor Travis Hutchinson and accounting firm CPA Group, LLC are joint owners of this firm.
HHM Wealth Advisors offers individualized services to its clients. Its services include overall financial planning, investment management, retirement planning, estate planning, tax minimization, insurance analysis, 401(k) consulting and transition planning.
HHM Wealth Advisors Client Experience
Before you even discuss the specifics of your financial situation, HHM Wealth Advisors prefers to have a personal meeting during which you and your prospective advisor will get to know each other. Following this meeting, you’ll clarify your current and future financial goals and priorities, as well as your risk tolerance. The firm determines this information through communication with you and a deep analysis of your financial documents.
The firm will then come up with a plan, implement it and begin monitoring your portfolio for any possibly necessary rebalancing. The firm will hold periodic meetings to keep you informed on the current state of your account and on how your advisor plans to sustain or improve your portfolio’s performance.
HHM uses a wide variety of investment types in client portfolios. These include individual corporate domestic and international securities, municipal securities, bonds, mutual funds, exchange-traded funds (ETFs), REITs and master limited partnerships (MLPs), certificates of deposit (CDs) and alternative investments.
The Patten Group
The Patten Group is a fee-only financial advisor firm that has relationships with a wide range of clients. Its clients include individuals and their families, pensions, profit-sharing plans, trusts, estates, foundations, charitable organizations and endowments. Individuals are the firm’s most common clients, and more than half of its individual clients do not have a high net worth. The firm does not have a set an account minimum., but there is a minimum annual fee of $2,000.
The Patten Group has several chartered financial analysts (CFAs), certified financial planners (CFPs) and certified divorce financial analysts (CDFAs) on staff.
The Patten Group Background
CEO Ashlee B. Patten owns and operates The Patten Group, a firm that has been in business since 2014. The firm’s services include investment planning, retirement planning, budget planning and development, personal savings, higher education savings and estate planning. In the event that you have a financial issue or goal outside of the services listed above, the firm states that it does have the ability to employ other financial planning tactics as well, such as income planning for those specifically in the post-retirement stage of life.
The Patten Group Investing Strategy
Your time horizon and liquidity needs are especially important to The Patten Group, and it will take into account your risk tolerance when it constructs your portfolio. This firm also allows its clients to impose investment restrictions on their portfolios in an effort to accommodate clients as fully as possible.
Typically, the firm uses exchange-traded funds (ETFs), options, fixed-income securities, mutual funds and individual equity securities. The firm says that it will usually only select investments that it plans to keep for at least a year.
Acumen Wealth Advisors
Acumen Wealth Advisors is an SEC-registered firm that provides financial planning and technology-driven portfolio management services to its clients. According to SEC files, the firm works mostly with high-net-worth individuals. However, it is one of the smaller firms on this list as far as individual client base goes.
The minimum account size is $500,000.
Acumen Wealth Advisors Background
Reese Veltenaar formed Acumen Wealth Advisors in 2011. The firm has been active as a registered investment advisor (RIA) since 2016. Veltenaar currently serves as Acumen’s wealth strategist and managing partner. He is a certified financial planner (CFP) and a certified trust and financial advisor (CTFA).
At least one member of the firm is registered to recommend and sell insurance products and can earn commission from the sale of such products. Although clients are never obligated to take these recommendations, the arrangement alone may create a conflict of interest. However, Acumen works as a fiduciary and is legally obligated to always work in your best interests.
Acumen Wealth Advisors Investing Strategy and Resources
Acumen Wealth Advisors offers an asset management program combined with financial planning services around topics like tax and estate planning. The firm utilizes investment models to create customized portfolios based on your investment objectives and household risk tolerance. These models reflect the following risk profiles:
- Aggressive Growth
- Growth with Income
- Income with Growth
- Current Income
Aggressive portfolios tend to focus more on growth-oriented securities like stocks and stock funds, while income oriented ones generally rely more on securities like bonds.
In addition, the firm uses financial management software called Tamrac to guide investment decisions based on your personal circumstances. Tamrac gives clients a portal that aims to give them a full picture of their financial lives by combining their financial accounts and investments in one digital platform.
The Tamarac Rebalancer allows Acumen to monitor your investment portfolio and make tactical decisions. For instance, its tax optimization feature lets Acumen Wealth Advisors screen for the type of assets most likely to be tax efficient for different account registrations. Acumen states on its website: “We customize client portfolios leveraging tax optimization, monitor their accounts for trading triggers, make tactical trades, execute trades directly with our custodian, Schwab, reconcile trades from the previous day, and leverage tax loss harvesting strategies."
Guardian Wealth Management
Guardian Wealth Management has one of the smallest advisory teams on this list. But despite its small size, the firm has employees that hold several certifications, including certified public accountants (CPAs) and certified financial planners (CFPs), among several other more niche certifications.
This fee-only firm requires a $500,000 account minimum. The firm only manages individual accounts. The majority of its individual clients are high-net-worth individuals.
Guardian Wealth Management Background
CEO Donald VanLandingham and CFO Kathy Lee VanLandingham founded Guardian Wealth Management, Inc. in 1997. The duo still independently owns the firm.
Guardian Wealth Management offers a plethora of client services, including:
- Retirement planning
- Charitable giving
- Estate planning
- Investment planning
- Corporate and personal tax mitigation
- Business and personal financial planning
- Corporate structure analysis
- Insurance analysis
- Real estate analysis
Guardian Wealth Management Investing Strategy
Guardian Wealth Management typically uses exchange-traded funds (ETFs), index funds and mutual funds in its client portfolios. However, clients’ exact asset allocations are determined based on their financial objectives and risk tolerance.
Once a portfolio plan has been implemented, it’s reviewed a minimum of four times a year to ensure that the original strategy is still on track. If it isn’t, the firm will rebalance your funds.
Evergreen Advisors is a fee-based firm with advisory certifications on staff that include certified financial planner (CFP) and certified public accountant (CPA). Many of the firm’s clients are individuals, and it primarily serves non-high-net-worth individuals. However, the firm also works with pensions and profit-sharing plans. There is not a set account minimum at Evergree, but there is a minimum annual fee of $2,000.
You may be offered insurance or securities if you work with this firm and its advisors may earn commissions from sales. But keep in mind, like all the firms on this list, Evergreen is a registered fiduciary that is legally obligated to act in your best interests.
Evergreen Advisors Background
Evergreen Advisors was created in 2008. It’s principally owned by Jim Place, the firm’s managing member. The firm’s advisory team has been in the financial industry for much longer than that though, boasting an average of over two decades of experience.
The services that Evergreen has available for its clients are categorized into the following overarching groups:
- Personal: budgeting, liability, financial goals
- Tax & cash flow: planning for the future
- Investing: alternative investments for client portfolios
- Retirement: various strategies for retirement goals
- Estate: living, trusts, wills, power of attorney, asset protection, nursing homes
- Insurance: life, health, disability, long-term care
- Death & disability: income needs for surviving dependents, disability income
Jim Place, principal, and Jayme O’Donnell, partner, co-host an hour-long weekday show titled “Let’s Talk Money,” which clients can use to stay up-to-date with the financial industry.
Evergreen Advisors Client Experience
Evergreen Advisors primarily uses equities, fixed income and cash when investing its client assets. However, how the firm divides your money among these investment types depends on your time horizon, targeted return level and risk tolerance. The firm chooses specific money managers and investment strategies depending on how it thinks it can best help you achieve your financial goals.
The process isn’t complete after your funds have been invested. The firm evaluates your portfolio often, measuring its progress against benchmarks that reveal how well it’s really performing.
Wealth Preservation Advisors
Wealth Preservation Advisors does not require a set account minimum to start an account, though it primarily serves high-net-worth individuals. More specifically, its individual clients include business owners, corporate executives, healthcare professionals, retirees and their families. It also serves trusts, estates, 401(k) plans, SIMPLE and SEP IRA plans.
If you choose to become a client of this fee-based firm, you may be offered insurance in conjunction with your advisory account. Sales could result in commissions for your advisor, though they are fiduciaries and are therefore required to act in your best interest.
Wealth Preservation Advisors Background
Wealth Preservation Advisors is owned by property development firm Noon Development, LLC and holding company HTP Enterprises, LLC. Todd Phillips and John Foy equally own Noon Management, LLC. HTP Enterprises, LLC is owned by Gene Rice. Though the firm was founded in 2013, its team averages over two decades of experience in the field.
The firm offers portfolio management in combonation with financial planning. The latter portion may include education planning, portfolio management, retirement planning, fixed income services, estate and trust creation, charitable gift planning, education planning, banking and lending solutions and alternative investment opportunities.
Wealth Preservation Advisors Investing Strategy
Wealth Preservation Advisors’ first step in beginning a relationship with a new client is determining your risk tolerance, time horizon and liquidity needs. Based on its proprietary research and market analysis, the firm will then implement a plan that it believes will enable you to achieve your financial objectives.
Typically, Wealth Preservation Advisors uses individual stocks, exchange-traded funds (ETFs), bonds, mutual funds, options and a mix of public and private securities in its client portfolios. The firm believes that these types of investments are inherently centered around long-term growth and are therefore the best choices for your portfolio.
The firm regularly measures portfolio progress and identifies whether or not to rebalance.
Capital Square is a fee-based financial advisor firm focused on serving individuals’ retirement needs. Aside from retirement-minded individuals, the firm works with trusts and estates. As a fee-based firm, advisors can earn commissions from selling financial products, but the firm is still a fiduciary that is legally obligated to act in the best interest of clients.
If you’d like to become a client of this firm, there is no minimum amount of assets needed to open an account. There are several certified financial planners (CFPs) on staff.
Capital Square Background
One of the youngest firms on this list, Capital Square was established in 2016. Founding partner and chief compliance officer Sandy Maddox, founding partner Stacy Eaton and partner Jeff Shelton are the owners of the firm.
The firm says that it offers estate and trust planning, retirement planning, general portfolio management, 401(k) solution analysis, education cost planning and annuity analysis.
Capital Square Investing Strategy
Though Capital Square does use predetermined investment models, it aims to personalize them according to your financial objectives, risk tolerance and time horizon. This is done to try to ensure that the firm’s “world-class research” can be applied appropriately based on your ultimate needs.
“Time in the market, not timing the market” is another saying that the firm says it lives by. It believes a long-term approach to investing will help weed out weaker investments that are focused on short-term financial gain rather than on stable, consistent growth.
Barnett & Co.
The overwhelming majority of Barnett & Co.'s indivudal client base consists of non-high-net-worth individuals, making it among the most accessible on this list. The firm does not have a stated minimum investment requirement to open an account.
Several chartered financial analysts (CFAs), certified public accountants (CPA) and chartered financial consultants (ChFCs) work at this fee-only firm. The firm does not offer insurance policies and sales that could result in commissions.
Barnett & Co. Background
Barnett & Co. is principally owned by Warren Barnett, the president, and Glenn Geelhoed. The firm was founded in 1983. Its team averages more than 25 years of experience in finance.
The services offered by this firm are general in nature, as it believes that this will make it easier to customize its services to fit its clients’ needs. The firm lists portfolio management and financial planning as the basis of its service offerings. Some of the typical financial situations that this firm can handle include planning for retirement and education costs, as well as the creation of a budget or family trust.
If you are interested in learning more about finance and investing, Barnett and the firm’s vice president, Chris Hopkins, often author articles on the firm’s website regarding some of the hot topics in the field.
Barnett & Co. Investing Strategy
Barnett & Co.’s philosophy is to find investments that investors will want to own in the future, as opposed to investments that are popular in the present. The firm believes that by following this principle, it can achieve long-term growth, which fits into its overall style of long-term investing.
The firm says that its “bottom-line goal when buying a stock for appreciation is for it to double its value in three to five years.” Regardless of whether it actually achieves this goal, the firm says that it drives its investment choices.
Apex Strategic Wealth
Apex Strategic Wealth has a slightly different set of minimums for new clients. The firm requires clients to meet a minimum annual fee of $2,000, nd some programs have their own minimum account sizes, ranging from $15,000 to $100,000. The firm's client base is almost exclusively comprised of individuals, with most of them coming in below the high-net-worth threshold. Apex also works with a couple of business clients.
As a fee-based firm, certain advisors at Apex Strategic Wealth can sell insurance products on a commission basis. While this creates a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.
Apex Strategic Wealth Background
Apex Strategic Wealth is a young firm, as it first opened for business in 2020. The firm is principally owned by an outside entity called Solomon Wood, LLC. CEO William Stuart Wood also owns part of the firm, though.
Investment management on an individual basis and through pooled programs are available. The firm also has a selection of financial planning services, like retirement planning, tax minimization and more.
Apex Strategic Wealth Investing Strategy
Apex Strategic Wealth works with clients to build an investment strategy that works for them. This involves accounting for their risk tolerance, time horizon, liquidity needs, short- and long-term goals and more. Prior investment history and your family composition may also be accounted for in this plan.