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. If you don’t have a financial advisor yet, finding one doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
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| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 |
Pettyjohn, Wood & White, Inc.
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$648,455,020 | $1,000,000 |
|
Minimum Assets$1,000,000Financial Services
|
| 2 |
MontVue Capital Management, Inc.
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|
$268,119,510 | $500,000 |
|
Minimum Assets$500,000Financial Services
|
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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:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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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.
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's five advisors serve non-high-net-worth individuals, high-net-worth individuals, retirement plans, charitable organizations and corporations.
The firm, whose services include portfolio management and financial planning, manages client accounts on a discretionary basis. With such accounts the firm has the authority to make individual trades in a client's portfolio without seeking the client's approval.
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 a wholly owned subsidiary of Bank of the James Financial Group, Inc. It operates independently under the leadership of Gorham B. Wood, president, and Charles B. White, executive vice president. Both Wood and White are chartered financial analysts (CFA).
There is a minimum account size requirement of $1 million. The firm may be willing to adjust this, at its discretion.
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).
MontVue Capital Management
MontVue Capital Management, a fee-only firm, serves individuals, trusts, endowments, businesses and foundations. It also provides advice on financial planning and personal finance for investment management clients and on a standalone basis for non-investment management clients.
It 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.
Client accounts are managed on both a discretionary and a non-discretionary basis.
MontVue Capital Management Background
MontVue Capital Management has been in business since 1999. It's owned, in equal measures, 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.
