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Dixon Hughes Goodman Wealth Advisors Review

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Review content is produced independently of any business relationships that might exist with the firms mentioned here, and business partners of SmartAsset receive no special consideration in reviews. This page contains links to SmartAsset's financial advisor matching tool, which may or may not match you with the advisor(s) mentioned here.

Dixon Hughes Goodman Wealth Advisors, LLC

Dixon Hughes Goodman Wealth Advisors or DHG Wealth Advisors, is a large financial advisory firm based in Asheville, North Carolina. This fee-based 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. 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
First $500K 1.50%
Next $500K 1.25%
Next $2MM 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.

DHG Wealth Advisors is considered a fee-based firm because at least one advisor is also a licensed insurance agent who may earn commissions for recommending or selling certain insurance products While this form of compensation presents a conflict of interest -- advisors may be incentivized to recommend services to clients simply to generate a commission -- DHG Wealth Advisors must abide by fiduciary duty to always act in clients' best interests.

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.

Tips for Finding a Financial Advisor

  • If you're looking for help planning for retirement, it's important to find a financial advisor who can help you meet your specific goals. Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. Get started now.
  • Saving for retirement can be daunting, so planning ahead is crucial. SmartAsset has a variety of free resources to help you out, including our free retirement calculator.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research