Finding a Top Financial Advisor Firm in Lynchburg, Virginia
You’ll probably have many options to consider when searching for a financial advisor firm in Lynchburg, so we’ve compiled a list of the area’s top firms to help simplify your search. To form our ranking, we’ve analyzed factors such as each firm’s assets under management (AUM), investment strategies, advisory services and fee structures. You can also use SmartAsset’s free financial advisor matching tool to connect 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||Pettyjohn, Wood & White, Inc. Find an Advisor||$683,188,972||$1,000,000|| || |
|2||Selective Wealth Management, Inc. Find an Advisor||$408,552,589||$10,000|| || |
|3||MontVue Capital Management, Inc. Find an Advisor||$202,119,317||$500,000|| || |
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What We Use in Our Methodology
To find the top financial advisors in Lynchburg, 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.
Pettyjohn, Wood & White
Pettyjohn, Wood & White is a fee-only firm earning its compensation mostly as a percentage of assets under management (AUM). The firm has the largest AUM on this list.
As for its client types, Pettyjohn, Wood & White advises non-high-net-worth individuals, high-net-worth individuals, retirement plans, charitable organizations and corporations. The firm’s small team of advisors features the chartered financial analyst (CFA) certification.
Pettyjohn, Wood & White has a minimum account size requirement of $1 million. The firm may be willing to adjust this, though.
Pettyjohn, Wood & White Background
Pettyjohn, Wood & White was established as The Pettyjohn Company in 1978, but the firm merged with Wood & White Investment Advisors, LLC in 2014 to become Pettyjohn, Wood & White. Today the firm is owned by Bank of the James Financial Group, Inc.
The firm’s advisory services include portfolio management and financial planning.
Pettyjohn, Wood & White Investment Strategy
This firm says it manages portfolios with an emphasis on appreciation and generation of current income. The firm also employs research methods that utilize a combination of quantitative and qualitative analysis. Pettyjohn’s quantitative process uses a mix of “bottom-up” and “top-down” fundamental considerations, according to its firm brochure.
Advisors here use a range of securities, including exchange-traded funds (ETFs), fixed-income securities, Treasurys, U.S. government agency debt and certificates of deposit (CDs).
Selective Wealth Management
Selective Wealth Management is a fee-only firm with multiple on-staff advisors. The firm currently serves high-net-worth individuals, non-high-net-worth individuals, trusts, estates and business entities.
This firm’s staff offers an array of experiences, with qualifications such as the certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA) designations. Generally speaking, clients must meet a minimum account size requirement of $10,000, though the firm may be willing to waive this.
Selective Wealth Management Background
Founded by Matt Schubert in 2012, Selective Wealth specializes in portfolio management and financial planning advisory services. The firm’s portfolio management and investment supervisory services also include asset allocation, investment strategy, personal investment policy, asset selection, portfolio monitoring and risk tolerance. Schubert is the firm’s CEO.
Selective Wealth Management Investment Strategy
Selective Wealth says it focuses on equity class allocation and material price movements when monitoring client positions. In studying companies and reviewing competitive advantages, the firm employs fundamental analysis.
Selective Wealth’s main investment strategies are long- and short-term trading. It aims to tailor advisory services to the needs of clients. This includes their personal financial goals, risk tolerance, time horizon and income needs.
MontVue Capital Management
MontVue Capital Management is a fee-only firm. The firm requires all prospective clients to meet an account minimum of $500,000 in order to establish an advisory relationship. However, the firm may be willing to waive this stipulation under certain circumstances.
The firm's client base on on the smaller side compared to the other firms on this list. Clients include non-high-net-worth individuals, high-net-worth individuals and charitable organizations.
MontVue Capital Management Background
MontVue Capital Management has been in business since 1999. It's owned by Sarah Burnett and Anne Umbarger, who are the firm's chief compliance officer (CCO) and chief investment officer (CIO), respectively.
The firm primarily provides portfolio management and financial planning. Its financial planning services also encompass the following:
- Retirement income planning
- Education planning
- 401(k) investment and allocation review
- Estate guidance
- Financial consultation
MontVue Capital Management Investment Strategy
MontVue fundamentally analyzes economic sectors while using technical analysis in its investment decisions, according to its SEC-filed firm brochure. The firm also utilizes fundamental analysis, and it compares domestic sector performance to broad market performance when conducting research.
MontVue’s Form ADV indicates that it mainly invests in investment grade corporate bonds and securities issued by registered investment companies or business development companies.