Finding a Top Financial Advisor Firm in Durham, North Carolina
Are you looking to work with a financial advisor in the Durham, North Carolina area? SmartAsset's detailed list of the top financial advisor firms in Durham was compiled to help you find your options. In the tables and reviews below, SmartAsset lays out each firm’s fees, investing strategies, advisory certifications, services and more. Furthermore, SmartAsset also offers a free financial advisor matching tool, which connects you with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Kuhn Advisors, Inc. Find an Advisor||$708,980,344||$1,000,000|| || |
|2||Gordon Asset Management, LLC Find an Advisor||$226,340,262||No required minimum|| || |
Minimum AssetsNo required minimum
|3||Arjuna Capital, LLC Find an Advisor||$403,384,379||$2,000,000|| || |
|4||Adams Chetwood Wealth Management, LLC Find an Advisor||$293,932,533||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Integrated Wealthcare, LLC Find an Advisor||$117,026,150||No required minimum|| || |
Minimum AssetsNo required minimum
What We Use in Our Methodology
To find the top financial advisors in Durham, 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.
A fee-only firm, Kuhn Advisors, Inc. requires a minimum of $1 million to open an account. The majority of its clients are high-net-worth individuals, followed by non-high-net-worth individuals, charities and businesses. Some of the firm’s advisors also hold professional financial certifications such as certified financial planner (CFP) and certified public accountant (CPA).
This firm’s advisory fees are based solely on a percentage of your assets under management (AUM). Comparatively, other firms may charge fees based on the above percentage structure, in addition to a per-hour rate and fixed fees, depending on the scope of services you receive.
Kuhn Advisors Background
The firm was established in 1993 by Mark Kuhn, the current president. Kuhn, Scott Ranby and Carter Ellis are the firm’s principal owners. Together, this trio has more than 40 years of experience.
Beyond individuals, this firm can also manage the assets of charitable foundations and those with trusts. The firm’s financial services include:
- Investment management
- Pre-retirement planning
- Retirement income and distribution strategies
- Education funding
- Risk management
- Charitable giving
- Referrals to other qualified professionals
Kuhn Advisors Investing Strategy
In essentially every situation, Kuhn Advisors believes that a long-term approach should be the basis of a client’s portfolio. The firm says this approach has been historically shown to decrease turnover and minimize taxes.
Kuhn Advisors takes an unusually deep dive into mutual fund managers and their backgrounds. This is done to ensure that managers have a strong knowledge of the companies they choose to invest in while finding opportunities that are largely undervalued by the market.
Gordon Asset Management
Gordon Asset Management, LLC provides holistic financial planning and investment management services to an array of high-net-worth and non-high-net-worth individuals and their families, as well as their related estates and trusts. The firm also maintains advisory relationships with pension and profit-sharing plans and corporations or business entities.
The firm does not require a minimum initial investment. However, it does utilize minimum fees based on the type of services you receive.
As a fee-only firm, Gordon Asset Management's sole form of compensation is client-paid fees. That means it does not earn third-party commissions from things like insurance sales or securities trades.
Gordon Asset Management Background
Gordon Asset Management was established in 2001. Today, the firm is indirectly owned by founder Joseph Gordon through outside trusts.
Collectively, the team at Gordon Asset Management includes a number of professional certifications, including certified financial planner (CFP), accredited investment fiduciary analysts (AIFA), accredited investment fiduciary (AIF), certified investment management analyst (CIMA), certified plan fiduciary advisors (CPFA) and qualified 401(k) administrator (QKA).
Gordon Asset Management Investing Strategy
Gordon Asset Management allows clients to choose from discretionary or non-discretionary portfolio management. The firm's non-discretionary services allow approved clients to take more control of their portfolio, meaning the firm won’t act upon any recommendations without your approval.
With discretionary services, the firm creates an investment portfolio and drafts an investment policy statement (IPS) based on the client’s objectives, risk tolerance, asset class preferences, time horizon, tax treatment and other factors. The firm then takes control of the portfolio, makes investment decisions and may rebalance your asset allocation if it deems it to be appropriate based on your objectives.
Arjuna Capital, LLC believes clients should be “investing in a sustainable future,” a reference to the various environmentally conscious investment opportunities available nowadays. The firm has one chartered financial analyst (CFA) on staff.
This fee-only firm has a $2 million account minimum, which is one of the highest requirements on this list. As a result, it’s no surprise that more than 70% of Arjuna’s individual clients have a high net worth. The rest of the firm's client base consists of non-high-net-worth individuals, retirement plans, businesses and charities.
Arjuna generally charges advisory fees based on a percentage of your assets under management (AUM). But if you invest in the firm's affiliated private fund called New Summit Investments, you'll also face a research fee.
In addition, managing partner Natasha Lamb was named one of Bloomberg’s 50 most influential people who defined global business in 2017. Lamb won this honor for her pivotal work in pushing large businesses like Facebook, Google and Nike to address the gender pay gap.
Arjuna Capital Background
Arjuna Capital was created in 2015. That makes this firm one of the youngest on this list. The firm is independently owned by chief strategist Frank Farnum Brown, Jr., chief investment officer (CIO) Adam Seitchik and director of equity research and shareholder engagement Natasha Lamb.
Historically, individuals, businesses and charities are the firm’s typical clients. The firm also works with pooled investments, which give clients the ability to access investment opportunities that may otherwise be out of reach.
Arjuna Capital Investing Strategy
Uniquely, Arjuna Capital offers clients the opportunity to invest in fossil-fuel-free asset classes, representing a chance to become part of the growing divest/invest/engage movement. This environmental-centric strategy is meant to prepare clients for investing in the increasingly renewable energy-based system of the future.
The firm claims that prospective clients who invest in this area, particularly via its Private Market Impact strategy, can expect a 10% to 15% annual return. However, the firm also applies a long-term focus on this strategy, with the desired portfolio life of at least 10 years.
Adams Chetwood Wealth Management
The majority of Adams Chetwood Wealth Management, LLC's client base is comprised of both non-high-net-worth and high-net-worth individuals. The firm also works with trusts, estates, charities and businesses. There is no minimum investment requirement needed to open an account with the firm. The firm’s advisory staff includes three certified financial planners (CFPs).
Certain advisors at this fee-based firm can sell insurance products or trade securities on a commission basis, which causes a potential conflict of interest. Despite this arrangement, the firm is bound by fiduciary duty, so it must act in your best financial interest at all times.
Adams Chetwood Wealth Management Background
Adams Chetwood Wealth Management was created in 2015 by managing partner James “Eric” Chetwood, III and Rick Adams. Today, the firm's sole principal owner is Chetwood, III.
The firm, whose staff averages over 15 years in the industry, has experience in many areas of personal finance. Its extensive list of services includes:
- Business and personal financial planning
- Retirement planning
- Estate planning
- Charitable giving
- Education planning
- Tax planning (personal and corporate)
- Real estate analysis
- Debt analysis
- Insurance analysis
Adams Chetwood Wealth Management Investing Strategy
Your risk tolerance, time horizon and ultimate financial goals are the three factors that make up the backbone of your portfolio at Adams Chetwood Wealth Management. All of the above is determined in a hands-on meeting with an advisor. Adams Chetwood Wealth Management strives to optimize these factors to help you achieve your long-term goals.
The firm says its disciplined investment strategies work at three different levels: long-term securities, short-term securities and margin trading. Long-term investments are held for more than a year and are used as the “north star” of your portfolio. Short-term investments usually have a life span of less than a year, as these investments are much more focused on feeding your liquidity needs. Lastly, margin trading is a risky, but potentially profitable venture, where money is borrowed from a broker so the firm can invest it in typically unreachable areas.
Integrated Wealthcare offers investment advisory, financial planning and insurance services. The firm primarily works with individuals, high-net-worth individuals, families, business owners and corporations in general. For investment management, the firm primarily focuses on helping physicians with their financial planning.
Integrated Wealthcare is a fee-based firm, which means its advisors may earn a commission through the sale of specific investments. This can create a potential conflict of interest, but the firm is bound by its fiduciary duty to put the needs of its clients first.
There is no required minimum account size.
Integrated Wealthcare Background
M. Shayne Ruffing founded the firm in 2006 and serves as the leader and sole investment advisor on staff today. He holds the certifications of Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC) and Accredited Investment Fiduciary (AIF).
Integrated Wealthcare Investing Strategy
Integrated Wealthcare uses three different forms of analysis to determine the right investment strategy for each client. These forms are fundamental, technical and cyclical analyses. The recommended investments may vary and could include exchange-traded funds (ETFs), mutual funds, non-traded alternatives and individual securities.