Finding a Top Financial Advisor Firm in Knoxville, Tennessee
With so many firms to consider, it can be hard to find a financial advisor. To narrow down your options, SmartAsset created this list of the top Knoxville financial advisor firms. We researched the Knoxville-area firms to bring you information on their investment approaches, qualifications and more, so you can more easily determine which firm might be right for you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Patriot Investment Management Group, Inc. Find an Advisor||$838,600,485|| |
No set account minimum
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No set account minimum
|2||Rather & Kittrell, Inc. Find an Advisor||$661,864,079|| |
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|3||Pya Waltman Capital, LLC Find an Advisor||$631,392,842||$500,000|| || |
|4||Tennessee Valley Asset Management Partners, LLC Find an Advisor||$241,239,611|| |
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|5||Asset Planning Corporation Find an Advisor||$211,241,783|| |
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|6||Brogan Financial, Inc. Find an Advisor||$174,512,238|| |
No set account minimum
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No set account minimum
|7||The Nalls Sherbakoff Group, LLC Find an Advisor||$166,925,523|| |
No set account minimum
| || |
No set account minimum
|8||Knox Wealth Partners Advisory Find an Advisor||$122,000,000||No minimum|| || |
Minimum AssetsNo minimum
|9||Wealth Management Corporation Find an Advisor||$117,000,000|| |
No set account minimum
| || |
No set account minimum
|10||CTM Financial, LLC Find an Advisor||$116,854,657||$400,000|| || |
How We Found the Top Financial Advisor Firms in Knoxville, Tennessee
SmartAsset considered all financial advisor firms in Knoxville that are registered with the U.S. Securities and Exchange Commission (SEC) for this list. We specifically looked at SEC-registered firms because they’re bound by fiduciary duty to put their clients’ best interests before their own. From those firms, we eliminated any that had disciplinary issues to ensure that our final list only included firms with clean records. We also eliminated firms if they did not offer financial planning or did not serve individual clients. The remaining firms were sorted according to assets under management (AUM), from highest AUM to lowest.
Patriot Investment Management Group, Inc.
Patriot Investment Management Group, Inc. ranks first because it has more assets under its management than any other Knoxville firm on this list. It manages $838.6. million in assets, which is more than three times the assets managed by the second firm on this list.
Patriot Investment Management has seven certified financial planners (CFPs) on staff, the highest number of CFPs offered by any firm on this list. In addition, Patriot’s team includes one certified public accountant (CPA) and one chartered financial analyst (CFA).
The fee-only firm serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities. It does not require a minimum account size to get started.
Patriot Investment Management Group, Inc. Background
Patriot Investment Management Group has been providing investment advisory services since 1992, making it the second-oldest firm on this list (after only Asset Planning Corporation). Patriot is principally owned by Brad Bower, the firm’s president and CEO.
Patriot Investment Management describes itself as "quarterback" for its clients, coordinating efforts between its accountants, attorneys and any other professionals with whom the firm works. The firm offers asset management, as well as financial planning and wealth management. The latter may include:
- Risk management and insurance analysis
- Asset allocation and portfolio management
- Tax planning
- Education planning
- Retirement planning
- Estate planning and trust management
Patriot Investment Management Group, Inc. Investment Process
Patriot Investment Management Group says that it believes in taking a "conservative, prudent approach to investing, and earning attractive, risk-adjusted returns over the long term." The firm's investment process begins with the identification of a client's risk tolerance, goals and objectives. Next it creates a plan based on that information.
Patriot emphasizes diversification and asset allocation and eschews market timing. The firm argues that actively managed funds have historically underperformed and resulted in higher fees. As a result it tends to invest its clients' assets in index funds, which align with the firm's emphasis on cost efficiency. However, Patriot allows its clients' restrictions and guidelines to shape their portfolios.
Notably, the firm says that tax efficiency isn't one of its primary considerations when constructing client portfolios. It recommends that its clients consult with a tax professional before and during the investment process.
Rather & Kittrell, Inc.
Rather & Kittrell, Inc. is a fee-based firm that specializes in serving those who are going through transitions. Its clients include individuals, families, businesses, banks and pension and profit-sharing plans. Some of its individual clients are high-net-worth individuals, but the majority are not. The firm has an account minimum of $500,000.
Rather & Kittrell, Inc. has seven certified financial planners (CFPs) on staff. In addition, the team includes one certified public accountant (CPA), one certified investment management analyst (CIMA) and one accredited investment fiduciary (AIF).
Rather & Kittrell may receive commissions when it recommends and sells insurance products to its clients. Some of the firm's associates are also registered representatives of a broker-dealer, and they may limit their securities recommendations to those offered or approved by that broker-dealer. The firm may also earn commissions from certain trades in client portfolios. While these all represent potential conflicts of interest, the firm fiduciary duty means that it is required to put its clients' best interests before its own.
Rather & Kittrell, Inc. Background
Rather & Kittrell, Inc. started in 2000 as a “two-desk business.” The SEC-registered firm is wholly owned by RK Holdings, Inc., which is principally owned by the firm's co-founders, Lytle Rather and Christian Kittrell. Rather currently serves as the firm's president, while Kittrell is a senior advisor and partner. The firm’s sole office is in Knoxville.
Rather & Kittrell offers wealth management services, encompassing investment management, estate planning, tax mitigation, asset protection and charitable giving. The firm works in conjunction with other professionals to provide these services. For instance, they collaborate with insurance agents for a client's insurance plan or with an accounting firm for a client's tax planning needs.
The firm also offers financial planning services outside of its portfolio management services, guiding clients on matters such as budgeting, insurance planning, retirement planning and death and disability planning.
Rather & Kittrell, Inc. Investment Philosophy
Rather & Kittrell, Inc. says that its investment advice is personalized to clients' unique needs. Thus, like many firms, its wealth management process begins with personal consultations during which it establishes a client's investment objectives, current financial situation, risk tolerance, time horizon, tax situation and liquidity needs.
Based on that information, Rather & Kittrell determines an appropriate asset allocation. For its discretionary accounts, the firm typically relies on its model allocations, which offer 11 different risk profiles that range from a focus on preserving capital to achieving aggressive growth. The firm says that its core investment strategy consists of "globally diversified, multi-asset class model portfolios designed to deliver expected long-term returns within well-defined ranges of risk." In accordance with modern portfolio theory's assertion that the markets are efficient, the firm primarily uses passive investments in entire asset classes, including managed mutual funds and ETFs.
Pya Waltman Capital
Pya Waltman Capital is a fee-based advisory firm, meaning it earns income from sources other than just management fees. Among the firm’s four advisors, there are three certified financial planners (CFPs), three certified public accountants (CPAs) and one chartered financial analyst (CFA).
The firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and corporations. Its $500,000 minimum account size is a tie for the highest minimum on this list.
Pya Waltman Capital Background
Pya Waltman Capital was established in 2005, and its principal owners are J. William Waltman, Jr. and Douglas Yoakley.
The firm offers investment supervisory services, investment management services, retirement plan consulting services and financial planning services covering retirement planning, estate planning, insurance review and analysis, education funding planning and cash flow and net worth analysis.
Pya Waltman Capital Investment Philosophy
When it comes to analyzing securities, Pya Waltman relies most heavily on fundamental analysis, which involves attempting to assess the economic wellbeing of a company or financial entity instead of looking only at its price movements.
The firm typically offers advice on investment products including but not limited to mutual funds, index funds, exchange-traded funds (ETFs), limited partnerships, real estate investment trusts (REITs) and annuities.
Tennessee Valley Asset Management Partners, LLC
Tennessee Valley Asset Management Partners, LLC has the second-largest advisory staff on this list, with 12 advisors on staff. The team includes just one certified financial planner (CFP) though. The advisory team also includes two retirement counselors (CRCs) and two accredited asset management specialists (AAMSs).
Tennessee Valley primarily serves individuals, though its client base also includes a small percentage of high-net-worth individuals. The firm also works with pension and profit-sharing plans and corporations. A minimum of $50,000 is required to open an account. However, clients can reach this minimum by aggregating all household accounts. The firm also has set minimum fees, including a $250 minimum fee for consulting services and a $500 minimum fee for financial planning services.
The fee-based firm is also a licensed insurance agency. Its employees may work as insurance agents, and they are also representatives of securities broker-dealer LPL Financial. The firm's employees may earn commissions from both affiliations. In addition, the firm includes solicitation fees from other investment advisory firms in its fee structure. However, the firm and its employees are bound by fiduciary duty, so clients can rest assured that the advice they receive is in their best interest.
Tennessee Valley Asset Management Partners, LLC Background
Tennessee Valley Asset Management Partners, LLC was founded in 2011. The firm has four Knoxville offices, as well as offices in other Tennessee cities including Chattanooga, Seymour, Jacksboro and Oak Ridge. Notably, the firm's investment advisor representatives may be either employees or independent contractors.
Tennessee Valley Asset Management Partners offers a variety of services. These include asset management, as well as several advisory programs sponsored by the investment advisor and broker-dealer LPL Financial, LLC. The firm provides financial planning and consulting services, the former of which typically addresses investment planning, retirement planning, insurance planning, education planning, portfolios review and asset allocation. In addition, Tennessee Valley offers divorce financial planning and consulting.
The firm also provides pension consulting services to both plan sponsors and individual participants. It occasionally hosts seminars on topics like college planning and retirement planning, and it also offers educational workshops.
Tennessee Valley Asset Management Partners, LLC Investing Approach
Tennessee Valley Asset Management Partners' investment management process is based off of the Advance and Protect strategy. During market upsides, it strives to diligently manage risk. It shifts its focus to asset protection during market downsides.
The firm says that a client's financial plan acts as the "cornerstone and guide for portfolio construction." Thus, the firm's investment process begins with honest discussions that lead to the development of an investment strategy focused on actively managing risk according to a client's financial goals. From there, the firm researches investment options using a range of methods of analysis, including charting, cyclical, fundamental and technical analysis. A client's assets are then allocated. Tennessee Valley says that it primarily recommends mutual funds and ETFs.
Once the portfolio-building process is complete, Tennessee Valley says that it regularly monitors, researches and rebalances a client’s investments as needed.
Asset Planning Corporation
Asset Planning Corporation has the highest account minimum on this list, generally requiring a minimum household account size of $500,000. Its clients include both individuals and high-net-worth individuals, as well as pension and profit-sharing plans, trusts, estates, businesses and non-profit organizations. For the past 40 years, the firm says it has specialized in serving healthcare professionals, including family physicians, nurse practitioners, healthcare executives, hospital administrators, dentists and veterinarians.
There are three certified financial planners (CFPs) on staff. In addition, three of the firm’s team members are financial paraplanner qualified professionals (FPQP), an introductory financial planning designation.
The fee-based firm's president, Paul Fain, is also a licensed insurance professional. He may receive commissions from insurance companies when he sells their products to clients. However, clients are not obligated to implement Fain's recommendations. Moreover, because the firm is bound by fiduciary duty, its advisors are required to put clients' best interests before their own.
Asset Planning Corporation Background
Founded in 1975, Asset Planning Corporation has been in business a decade longer than any other firm on this list. The firm's president and principal owner is Paul Fain, who has been in the financial services industry since 1988.
Asset Planning Corporation offers wealth management and related advisory services. The firm's financial planning services may encompass areas including investment strategy, financial independence/retirement planning, education funding, insurance, taxes and estate planning. Asset Planning Corporation guides each of its clients through a six-step financial planning process, which begins with the establishment of a client-advisor relationship and culminates in the monitoring of implemented financial planning recommendations.
Asset Planning Corporation Portfolio Management
Asset Planning Corporation says that its portfolio management services aim to maximize clients' returns while keeping their goals and risk tolerance in mind. The firm uses strategic asset allocations that emphasize diversification. Typically, it invests its clients' assets in no-load mutual funds and ETFs, but it may also use CDs or individual bonds.
Asset Planning Corporation says that it reviews client portfolios at least quarterly and makes adjustments as needed. It contacts clients at least annually to review their portfolios and financial plans.
Brogan Financial, Inc.
Brogan Financial is a financial advisor firm focused on retirement planning. The firm strives to help its clients reach their retirement goals, whether that means securing a stable income or leaving a legacy behind, through the creation of comprehensive retirement plans.
Brogan Financial serves primarily individual investors. Though the firm does serve some high-net-worth individuals, a far greater percentage of its clients fall beneath that threshold. Brogan Financial does not have a set account minimum.
This is a fee-based firm. Some employees of the firm are independently licensed to sell insurance and/or U.S. rare coins, and they may earn commissions from sales. Brogan, like every firm on this list, is a fiduciary though, requiring it to prioritize its clients' best interests.
Brogan Financial, Inc. Background
Brogan Financial, Inc. has been in business since 2001. The firm's majority owner is Jim Brogan, who founded the firm and who currently serves as president and chief investment officer (CIO).
Brogan offers a notable variety of investment advisory services, including:
- Investment planning
- Income distribution planning
- Financial independence/retirement planning
- IRA and retirement account distribution planning
- Income tax planning
- Estate and wealth transfer planning
The firm's retirement plans, one of its emphases, address issues like the need for "dependable, increasing income for life," investment management focused on achieving life goals, tax reduction, healthcare catastrophe and legacy creation.
Brogan offers financial planning, but primarily as part of its asset management services. Financial planning is only available on a standalone basis in "certain limited circumstances."
Brogan Financial, Inc. Investing Approach
Brogan Financial believes that the starting point of investment management should be a thorough analysis of one's life goals. That analysis will guide the creation of an investment plan that's tailored to achieving specific goals.
Brogan believes the markets are inherently "unpredictable and volatile" so it strives to balance risk and reward. To select investments, the firm primarily relies on fundamental securities analysis, which attempts to measure a security's intrinsic value by analyzing related financial and economic factors.
The Nalls Sherbakoff Group, LLC
Three of the four members of the advisory team at The Nalls Sherbakoff Group, LLC are certified financial planners (CFPs). The fourth is a Chartered Financial Analyst (CFA). One of the advisors is also a certified divorce financial analyst (CDFA), a certification beneficial to those navigating the unique financial complexities of divorce; and another is a certified public accountant/personal financial specialist (CPA/PFS).
This firm does not require a set account minimum to open or maintain an account. Its clients include individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities. The Nalls Sherbakoff Group is a fee-only firm that is not affiliated with any insurance agencies or broker-dealers.
The Nalls Sherbakoff Group, LLC Background
The Nalls Sherbakoff Group, LLC was founded in 2013, making it the second-youngest firm on this list. The firm's principal owner is Donald Nalls, a principal and financial planner at the firm. Prior to founding The Nalls Sherbakoff Group, Nalls was one of the co-founders of Patriot Investment Management, Inc., the first firm on this list. Nalls served as chief compliance officer and one of two principals at Patriot for 18 years. Both Nalls and T. Lee Sherbakoff, the firm's other namesake (and a principal and financial advisor), are U.S. military veterans.
Nalls Sherbakoff says that it places an emphasis on education to ensure its clients don't make financial decisions that could wreck their goals or objectives. The firm's services include portfolio management, financial planning and pension consulting. Its financial planning services can be broad and comprehensive in scope, or consultative and narrow.
The Nalls Sherbakoff Group, LLC Investing Approach
As is customary for many financial advisor firms, The Nalls Sherbakoff Group, LLC begins the portfolio management process with the establishment of a client's investment objectives, risk tolerance and any other relevant financial information. This information informs the firm's investment approach. Nalls Sherbakoff says that it primarily offers advice on equity securities, corporate debt securities, mutual funds and ETFs. It may also advise clients on investments they held prior to opening an account with the firm.
Like another firm on this list, Patriot Investment Management Group, Nalls Sherbakoff says it does not prioritize tax efficiency in its investment approach unless specifically requested by a client. The firm recommends that its clients consult with a tax professional in regards to their investments.
Knox Wealth Partners Advisory
Knox Wealth Partners is one of six fee-based firms on this list, meaning it makes money through methods other than just charging advisory fees. There is no account minimum for standard asset management services. However, the firm also offers sponsored advisory programs through LPL Financial, and those programs have varied minimums attached.
Among the firm’s seven advisors are two certified financial planners (CFPs), three accredited asset management specialists (AAMSs), one chartered financial consultant (ChFC) and one chartered life underwriter (CLU). The firm’s 818 clients are almost entirely non-high-net-worth individuals, with only 11 high-net-worth individuals in the mix.
Knox Wealth Partners Advisory Background
Knox Wealth Partners is the youngest firm on this list, founded in only 2017. However, the firm’s advisors have more than 75 years of combined experience. The firm has six principal owners: William A. Timm, W. Porter Alexander, Brian L. Russell, Charles F. Farmer, Jack R. Meece and Kristen T. Tucker.
The firm provides asset management services and financial planning services to its clients. Additionally, clients can participate in four different LPL Financial Sponsored Advisory programs, which vary both in scope and the amount of assets required to participate. The firm also sponsors a wrap fee program, which offers comprehensive advisory services for a single, set fee.
Knox Wealth Partners Advisory Investment Philosophy
When it comes to client portfolios, Knox Wealth Partners typically invests in mutual funds, equities, exchange-traded funds (ETFs), exchange-traded notes (ETNs), unit investment trusts (UITs), fixed income, annuities, foreign securities and margin accounts. Clients are free to buy or sell any investments, but the above range is what the firm normally recommends.
To analyze securities and formulate recommendations, the firm relies on fundamental analysis, technical analysis, cyclical analysis and charting analysis. Strategies are tailored to each client’s risk tolerance, goals, net worth and time horizon.
Wealth Management Corporation
Wealth Management Corporation is the only firm on this list that primarily serves high-net-worth individuals. However, its clients do include non-high-net-worth individuals, as well as businesses, pension and profit-sharing plans, trusts, estates, charitable institutions, foundations, endowments, municipalities and trust programs. The firm caters in particular to physicians and business owners. Despite the fact it serves a far greater percentage of high-net-worth individuals than individuals, Wealth Management Corporation does not have a set account minimum.
The firm has just two advisors on staff. The team does not appear to hold any advanced certifications, such as a certified financial planner (CFP) designation.
The fee-based firm may recommend insurance products and may receive commissions on sales from the insurance company. In addition, certain employees of the firm are representatives of a broker-dealer, and they may receive commissions from products sold to clients. While this represents a possible conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests.
Wealth Management Corporation Background
Founded in 2012, Wealth Management Corporation is the third-youngest firm on this list, after The Nalls Sherbakoff Group, LLC. The firm's sole managing member is Perry James, who serves as the firm's president and chief compliance officer.
The firm's services include:
- Wealth management for affluent individuals and families
- Wealth advisory services for physicians
- Retirement solutions for business owners and their employees
- Exit and transition planning for business owners
Wealth Management Corporation Investing
Wealth Management Corporation works with each of its clients to develop a personalized asset allocation program and create a portfolio customized to a client's investment objectives. To do this, the firm begins the process with a meeting to discuss a client's financial circumstances, investment goals and objectives, other assets and liabilities and any other relevant information.
Based off of that information, the firm devises a targeted strategic allocation of assets by class. On the whole, the firm says that its investment strategy is to reduce risk through global diversification. The firm's primary investment vehicles are mutual funds and ETFs, but it may also use stocks, bonds, equity options, futures and sub-accounts. While the firm says it can manage your account "in a tax aware manner," it does not offer tax advice or tax management strategies.
Once a plan is in place, Wealth Management Corporation monitors its clients' accounts and makes trades as necessary. The firm provides quarterly account reviews, which it conducts in person, over the phone or through a written inquiry.
CTM Financial, LLC
CTM Financial, LLC is a fee-only firm with just two advisors. Both advisors are certified public accountants (CPAs), and one of them is working toward becoming a certified financial planner (CFP).
The firm requires a minimum account size of $400,000, which is fairly high relative to the rest of the firms on our list. Despite this high minimum, the firm still works with more non-high-net-worth individuals than high-net-worth individuals. CTM doesn’t work with any other types of clients.
CTM Financial, LLC Background
CTM was founded in 2008 by Patricia Conry Taylor, who is still a partial owner of the firm. Taylor has been working in the financial services industry for more than 30 years. Jaime A. Conry, who joined the firm in 2014, is also an owner.
The firm offers investment management services and financial planning services covering six areas: personal, education, tax and cash flow, death and disability, retirement and investing. It also offers advisory services to employee benefit retirement plans.
CTM Financial, LLC Investment Philosophy
CTM Financial relies on long-term investment strategies that incorporate the principles of Modern Portfolio Theory. The firm typically recommends building a diversified portfolio consisting primarily of asset class mutual funds. Passively managing the portfolio will then allow clients to benefit from the inherent efficiency of the market over the long term.
Although the firm can invest in a wide range of assets depending on specific client needs, it frequently invests in mutual funds, conservative fixed income securities and exchange-traded funds (ETFs).