Dixon Hughes Goodman Wealth Advisors or DHG Wealth Advisors, is a large financial advisory firm based in Asheville, North Carolina. This fee-only firm has several other branches throughout North Carolina, as well as a handful of offices in other states in the southeastern U.S.
DHG Wealth Advisors holds a spot on SmartAsset's list of the top financial advisors in Asheville and the state of North Carolina. Aside from this recognition, the firm doesn't list any industry awards or accolades on its website.
Dixon Hughes Goodman Wealth Advisors Background
DHG Wealth Advisors was founded in 1997. While the firm was originally established as an independent operation, it has been under the ownership of Dixon Hughes Goodman Financial Services since 2004. The firm is led by president Will Sneed Jr. and chief investment officer (CIO) Bill Laird.
The firm employs financial advisory professionals with a number of certifications. These include certified public accountants (CPAs), personal financial specialists (PFSs), certified financial planners (CFPs), chartered retirement planning counselors (CRPCs) and more.
Dixon Hughes Goodman Wealth Advisors Client Types and Minimum Account Sizes
DHG Wealth Advisors works with a variety of clients. The vast majority of its client base consists of individuals, with roughly a third of them having a high net worth. Other institutional clients of this firm include pensions and profit-sharing plans, charities, businesses and educational trusts.
There is no set account minimum at DHG. However, there is a $5,000 minimum annual fee for its investment advisory services.
Services Offered by Dixon Hughes Goodman Wealth Advisors
DHG Wealth Advisors provides its clients with a range services across financial planning, portfolio management and more. The firm's financial planning services are mainly offered to individual clients and center around both long- and short-term goals, as well as other, more specific needs. These can include retirement planning, tax planning, estate planning, philanthropic gift planning, education fund planning and risk management.
Investment portfolio management is also available to clients. This offering is tailored to the exact needs and situation of each client. Generally speaking, assets are invested on a discretionary basis, though some client funds are managed non-discretionarily.
Dixon Hughes Goodman Wealth Advisors Investment Philosophy
DHG Wealth Advisors uses modern portfolio theory (MPT) as the core of its investment philosophy. This approach is designed to diversify holdings in an effort to minimize volatility and maximize returns for a given risk level. In conjunction with this approach, the firm chooses to avoid investing in individual stocks and bonds, instead focusing on mutual funds with low management costs.
The firm crafts individualized investment management strategies based on the needs, wants, preferences, goals and financial situations of its clients. Advisors take into account factors like a client's risk tolerance and time horizon, as they are essential when building a proper asset allocation plan for your portfolio. The firm also performs ongoing portfolio monitoring, and strategies can be adjusted based on your changing needs.
Fees Under Dixon Hughes Goodman Wealth Advisors
The investment management services at Dixon Hughes Goodman use a set fee schedule. These fees may be waived or altered at the discretion of the firm. Investment management fees also typically cover financial planning services.
| Dixon Hughes Goodman Wealth Advisors Fee Schedule | |
| Assest Under Management | Annual Fee |
| $0 - $500K | 1.50% |
| $500K - $1MM | 1.25% |
| $1MM - $3MM | 1.00% |
| $3MM - $5MM | 0.80% |
| $5MM - $10MM | 0.70% |
| $10MM - $15MM | 0.60% |
| $15MM - $20MM | 0.50% |
| $20MM - $25MM | 0.40% |
| Over $25MM | Negotiable |
Below, you can see about how much you'd pay as a client of DHG Wealth Advisors:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at Dixon Hughes Goodman Wealth Advisors* | |
| Your Assets | Dixon Hughes Goodman Wealth Advisors Maximum Fee Amount |
| $500K | $7,500 |
| $1MM | $13,750 |
| $5MM | $49,750 |
| $10MM | $84,750 |
What To Watch Out For
DHG Wealth Advisors does not list any disclosures on its SEC-filed Form ADV, giving it a clean legal and regulatory record.
Opening an Account With Dixon Hughes Goodman Wealth Advisors
Those interested in becoming a client of DHG Wealth Advisors have a few options. You can go online to the firm's website and submit a contact form, call the firm directly at (828) 236-5801 or visit one of its many offices across the southern U.S.
All information is accurate as of the writing of this article.
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