Finding a Top Financial Advisor Firm in Nashville, Tennessee
With so many financial advisors to pick from, it can be tough to know even where to start looking. To help you narrow the field, SmartAsset created this list of the top financial advisor firms in Nashville. You can use our tables and reviews - detailing each firm’s investment strategies, fees, account minimums and more - to inform your decision. You can also use SmartAsset’s financial advisor matching tool, which will pair you with top advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Woodmont Investment Counsel, LLC Find an Advisor||$958,669,633||$1,000,000|| || |
|2||M Capital Advisors Find an Advisor||$923,711,758||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Covenant Partners, LLC Find an Advisor||$759,020,561||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Tillman Hartley Find an Advisor||$540,234,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||Criterion Capital Advisors Find an Advisor||$383,689,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Pinnacle Wealth Advisors Find an Advisor||$488,000,000||$500,000|| || |
|7||Kraft Asset Management, LLC Find an Advisor||$353,715,342||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|8||Decker Wealth Management, LLC Find an Advisor||$361,592,232||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||HMS Capital Management, LLC Find an Advisor||$261,878,889||$500,000|| || |
|10||Fielder Capital Group, LLC Find an Advisor||$326,086,616||$1,000,000|| || |
How We Found the Top Financial Advisor Firms in Nashville, Tennessee
To find the top financial advisors in Nashville, Tennessee, 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:
Woodmont Investment Counsel
At the top of the list, Woodmont Investment Counsel has the most assets under management. The is fee-only firm is owned by its employees, who include certifications such as chartered financial analyst (CFA) and certfied financial planner (CFP).
Depending on whether you’re looking for an equity or balanced account or a fixed-income account, you’ll need a minimum account size of $1 million, respectively.
Woodmont Investment Counsel Background
Paul H. Kuhn, who has 40+ years of experience in asset management, is a co-founder of Woodmont Investment Counsel and the firm’s principal emeritus. The firm has been around since 2000.
Woodmont primarily works with individuals and their families, charitable organizations, and pension and profit-sharing plans. Woodmont’s services include tax mitigation, estate planning, retirement planning and investing advice.
Woodmont Investment Counsel Strategy
Woodmont Investment Counsel believes that diversified asset allocations are central to growing your invested assets. The firm uses ETFs, index funds, mutual funds, stocks and bonds in its client portfolios.
Woodmont’s advisors may also place your money into pooled investments with other clients’ assets. This gives clients access to investment opportunities that may otherwise be unavailable to individual investors.
M Capital Advisors
M Capital Advisors (aka Mastrapasqua Asset Management) is an independently owned, fee-only firm. Its team includes such certifications as chartered financial analyst (CFA), certified financial planner (CFP) and chartered alternative investment analyst (CAIA). (Advisors may have more than one designation.)
Less than half of M Capital’s individual clients have a high net worth. The firm's minimum account size requirements vary based upon the chosen investment strategy.
M Capital Advisors Background
The oldest firm on this list, M Capital Advisors was founded in 1993. Chairman and Chief Investment Officer Frank Mastrapasqua has spent the better part of 45 years in financial management, with the remainder of his firm’s advisors averaging over a decade of experience.
M Capital says that it typically serves high-net-worth and non-high-net-worth individuals, businesses and government institutions. Services provided to these investors include trust planning, estate planning, strategic retirement planning, pension and profit-sharing plans, asset management and higher education preparations.
M Capital Advisors Investment Strategy
The firm will focus on growing your money for the long term, using a combination of diversified asset allocations, macroeconomics and fundamental market analysis. But first, you must decide whether you are an aggressive, moderate or conservative investor. This selection gives the firm’s advisors a sense of your risk tolerance.
M Capital says its advisors meet each morning to discuss any updates in the financial sector that could potentially affect clients’ investment goals. What’s unique about these meetings is the fact that investors have the option to call in and listen to the updates.
Covenant Partners offers personal asset management, retirement planning, estate planning, tax planning and debt counsel to its individual clients. The firm also offers programs tailored to business owners, like payroll services and income management.
The fee-only firm serves less than 100 individual clients, with more have high net worths than not.
Covenant Partners Background
Covenant Partners has been in business since 1997. Co-founders Todd D. Glisson and J. Banks Link are a certified financial planner (CFP) and a chartered financial analyst (CFA), respectively.
In addition to investment management, the practice offers what it calls fiscal counsel services on a retainer basis to individuals and businesses. These services may include analysis and management of income and expenses, cash flow, debt service, insurance needs and more.
Covenant Partners Strategy
Covenant Partners generally has a buy-and-hold approach, investing for the long term. It primarily implements asset allocations using mutual funds, exchange-traded funds (ETFs), limited partnership interests in private real estate and private investments. At the client's request, it may design and manage a portfolio that contains only individual stocks.
Tillman Hartley is a fee-only firm that works mostly with high-net-worth individuals as well as some individuals and charitable organizations. It offers financial planning and investment management services - plus something called Family Board of Directors services, which is designed for families with at least $40 million in assets. A team of advisors from the firm meets with these clients quarterly. In addition to families, the firm also provides these services to other entities, like foundations and trusts.
The firm has an account minimum of $500,000 for advisory services, and it may charge a minimum fee for smaller accounts.
Tillman Hartley Background
Tillman Hartley was founded in 1999. Co-founder Michael Tillman, who is an estate planning lawyer, is the principal owner, while Michael Lambert, Gary Lutes, Jr., Kevin Schwall and Benjamin Cannon are minority shareholders of the firm.
A few advisors on the team are chartered financial analysts (CFAs).
Tillman Hartley Investment Strategy
Clients first fill out a survey about their risk tolerance and the firm determines their preferences, time horizon and investment goals. Based on that information, the firm will design and test a preliminary portfolio with an asset allocation that matches the client’s preferences. After discussing this portfolio with the client, an investment policy statement that outlines how the portfolio will be managed is signed by the client.
To conduct analysis of potential securities, the firm primarily relies on fundamental analysis, using resources like third-party research materials, corporate rating services and annual reports.
Criterion Capital Advisors
Having been in business since April 2018, Criterion Capital Advisors is one of the younger practices on this list. The fee-based firm has no account minimum and works mostly with non-high-net-worth individuals. It also serves high-net-worth individuals, charitable organizations and corporations. Despite its fee-based status and the fact that advisors can receive commisisons, it is still a fiduciary and is obligated to act in the best interests of clients.
In addition to discretionary investment management services, Capital Advisors provides financial planning and consulting services, covering business planning, retirement planning, cash flow forecasting, trust and estate planning, tax planning and insurance.
Criterion Capital Advisors Background
The firm was founded by Allan Horner, Mark Pierce and Scott Freeman, who all have stakes in the firm. The team at Criterion includes certifications such as certified financial planner (Pierce), certifed public accountant (CPA) and chartered mutual fund counselor (CMFC).
Criterion Capital Advisors Investment Philosophy
Criterion Capital Advisors tailors portfolios to each client, basing asset allocations on a client's investment objectives, cash flow needs and risk tolerance. From there, the firm relies on macroeconomic analysis and fundamental analysis to determine which sub-asset classes and specific securities are right for the client’s portfolio.
Typically, the firm will recommend a mix of stocks, mutual funds, index funds, exchange-traded funds (ETFs), municipal and taxable bonds and alternative investments.
Pinnacle Wealth Advisors
Pinnacle Wealth Advisors is a fee-only financial advisor firm. It's a subsidiary of Pinnacle Financial Partners Inc., which is run by Terry Turner, the company’s president and CEO. The firm has a small team of advisors on staff. Their advisory certifications include certified financial planner (CFP) and chartered financial analyst (CFA).
Nearly all of Pinnacle’s clients are high-net-worth individuals, which the SEC defines as someone with at least $1 million in assets under management. The firm’s minimum account balance is $500,000, which it may waive at its discretion.
Pinnacle Wealth Advisors Background
Pinnacle Wealth Advisors was established in 2006. It states on its site that it wants to keep its client base small and select in order to provide a "high-touch, personalized approach to managing" assets.
Pinnacle offers many different types of financial services, including:
- Estate planning
- Employee benefits
- Charitable gifts and legacy
- Business succession
Pinnacle Wealth Advisors Investing Strategy
Pinnacle provides customized investment strategies based on clients' risk tolerance and goals. Or it may use model portfolios. Its investment committee will monitor and rebalance asset allocations as needed. Advisors also offer performance evaluations to discuss with each client their portfolio’s performance and address any concerns.
Kraft Asset Management
Kraft Asset Management is an affiliate of accounting firm KraftCPAs PLLC. Clients may also be offered insurance from the firm’s affiliate, Kraft Financial Services, and advisors may receive a commission for selling insurance products. While this may present a conflict of interest, the firm is a fiduciary, meaning it’s legally required to act in your best interest at all times.
The account minimum is $1 million for investment management services, but $500,000 for fixed income portfolios.
Kraft Asset Management Background
The firm was founded in 2002. Chief Manager Stephen High, who is a certified public accountant (CPA), personal financial specialist (PFS) and JD, leads a team that includes advisory certifications like certfied financial planner (CFP), certified exit planning advisor (CEPA) and certified trust and financial advisor (CTFA).
Kraft provides investment management, retirement planning, income tax planning, estate planning and cash flow management. It says that its advisors are trained to handle the financial struggles that arise as one approaches retirement and other major life changes.
Kraft Asset Management Investing Strategy
The firm uses the Monte Carlo simulation to project whether an investment plan will enable you to achieve your goals. This program uses inflation and interest rates, various asset allocations, spending levels and rates of return to make this projection.
Unlike some other financial advisor firms on this list, Kraft Asset Management consistently uses bonds in its investment portfolios. The firm believes that there’s more to bonds than many investors realize. It makes its selections through BAM Advisor Services, LLC, a bond-trading platform.
Decker Wealth Management
Decker Wealth Management is a fee-only, independently owned firm. It serves clients with a wide range of needs, including individual accounts, trust and estate plans and investment company portfolios.
The firm does not have a set account minimum. Still, individiual clients who have a high net worth make up a relatively large part of the individual client base, nearly half.
Decker Wealth Management Background
Decker Wealth Management was founded in 2009 by William S. Decker, the managing member of the firm. Prior to that, he worked in Morgan Stanley and US Bank/Bank of America, where he served in leadership roles.
Decker offers investment management, retirement planning, estate creation, tax minimization, higher education planning and insurance analysis. Planning and consulting options are available to business owners.
Decker Wealth Management Investing Strategy
At Decker Wealth Management, asset allocation is central to its portfolio-building strategy. The firm typically places clients’ assets into mutual funds, exchange-traded funds (ETFs), stocks and bonds. It may also allocate assets to independent money managers when warranted.
Decker says that it puts considerable effort into determining and implementing the proper asset allocation for each client, taking into account their goals, tax situation and other factors. In evaluating securities, it uses fundamental, technical and cyclical analyses.
HMS Capital Management
HMS Capital Management also goes by HMS Investment Advisors. It is women-led and its brochure is especially clear about its services and fees.
The firm has more individual clients who do not have a high net worth than those who do. Still the investment minimum is a relatively high $500,000, though the firm says it may waive the minimum at its discretion.
HMS Capital Management Background
Angela Robinson, Dana Brisendine and George Stadler co-founded the firm in 2009 and have equal stakes in it. They and others on the team have certifications such as chartered financial analyst (CFA), certified financial planner (CFP), chartered market technician (CMT) and certified trust and financial advisor (CTFA).
The fee-only firm offers investment management services on a discretionary or non-discretionary basis. It will also advise you on assets not under its management. Retirement advisory services, such as Social Security claiming strategies and insurance planning, are included in the firm's investment management. They are also available for $250 per hour, up to $4,000 for financial planning.
Additionally, HMS provides family wealth advisor services, including designing and implementing a wealth plan in collaboration with the family's estate attorney and tax professionals, advising on the selection of trustees and working with and educating the next generation on developing a plan to reach their goals. The minimum fee for family office services is $25,000 for 72 hours per year.
HMS Capital Management Investing Strategy
Depending on your personal circumstances, HMS will put you in one of several model portfolios of varying capitalizations, risk exposures and asset classes. The practice directly manages your portfolio and will rebalance and reallocate it at least once a year, though it may do so more frequently, depending on market conditions. Advisors select securities based on quantitative, fundamental and technical factors.
Fielder Capital Group
Last up on our Nashville list is Fielder Capital Group. This small, fee-only firm works with both individual and institutional clients. Of its individual clients, the majority are high-net-worth individuals. When it comes to institutional clients, the firm works with a small number of pensions, profit sharing plans and charitable organizations.
Fielder is a fee-only firm, so no advisors earn commissions from the sale of financial products. This avoids a conflict of interest. You'll need at least $1 million to open and maintain an account, though this amount may be waived.
Fielder Capital Group Background
Fielder Capital Group succeeded Fielder Management, Inc., which was founded in 2009. Fielder as it exists today was registered with the SEC as an investment advisor in 2017. Frank C. Byrd III is the majority owner of the firm. He is the only entity that owns more than 25% of the firm.
Fielder provides clients with financial planning and investment portfolio management services. It also does research services and investment consulting.
Fielder Capital Group Investment Strategy
Fielder Capital Group tailors its investment advisory services (including its investment strategies) to the individual needs of its clients. This process involves meeting with clients to determine thier investment objectives and financial situations. Advisors can then provide ongoing services on an individualized basis.
Advisors at Fielder primarily use equities, debt, mutual funds, exchange-traded funds (ETFs), variable annuities and independent managers to populate portfolios.