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||$841,616,414||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Stonebridge Wealth Management (TN) Find an Advisor||$ 722,275,595||$250,000|| || |
|3||M Capital Advisors Find an Advisor||$ 707,729,953|| |
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|4||Covenant Partners, LLC Find an Advisor||$ 693,494,691|| |
No set account minimum
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No set account minimum
|5||Tillman Hartley Find an Advisor||$ 483,299,000||No set minimum|| || |
Minimum AssetsNo set minimum
|6||Kraft Asset Management, LLC Find an Advisor||$ 368,839,725||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|7||Criterion Capital Advisors Find an Advisor||$ 352,525,000||No set minimum|| || |
Minimum AssetsNo set minimum
|8||Pinnacle Wealth Advisors Find an Advisor||$ 330,550,656|| |
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|9||Decker Wealth Management, LLC Find an Advisor||$ 300,918,157|| |
No set account minimum
| || |
No set account minimum
|10||HMS Capital Management, LLC Find an Advisor||$ 220,306,166||$500,000|| || |
How We Found the Top Financial Advisor Firms in Nashville, Tennessee
SmartAsset considered all firms registered with the U.S. Securities and Exchange Commission (SEC) and located in Nashville. We limited our search to SEC-registered firms because they are fiduciaries, meaning they are bound to act in clients’ best interests. We then cut any firms that had disciplinary issues or whose client base wasn't at least half individuals. The remaining financial advisor firms are listed here, starting with the largest, based on assets under management.
All information is accurate as of the writing of this article.
Woodmont Investment Counsel, LLC
At the top of the list, Woodmont Investment Counsel, LLC has the most assets under management. The is fee-only firm is owned by its employees, who include a chartered financial analyst (CFA) and a 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 $750,000 or $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.
Stonebridge Wealth Management
Stonebridge Wealth Management also goes by Stonebridge Family Office and Stonebridge Investment Counsel. It serves slightly more individuals who have a high net worth than who don't. Its clients include professional athletes, artists and entertainers. To open an account, you need a minimum $250,000 - and a referral from someone the firm knows.
Investment management is on a discretionary basis. Also, the firm will engage third-party money managers who have expertise in different asset classes.
Stonebridge Wealth Management Background
Mitchell Martin founded the practice in 2002. He is the chief compliance officer as well as sole owner.
According the Stonebridge Wealth's site, the firm partners with business managers, agents and attorneys for high-profile clients. In addition to its financial expertise, it offers privacy and discretion.
Stonebridge Wealth Management Investing Strategy
The boutique shop applies technical and fundamental methods of analysis when evaluating investments. It can offer advice on advice on equities, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities, U.S. government securities, options contracts and interest in partnerships investing in such sectors as real estate, private equity and private debt.
That said, the often recommends third-party asset managers who are vetted and engaged by Callan Associates, LLC.
M Capital Advisors
M Capital Advisors (aka Mastrapasqua Asset Management) is an independently owned, fee-only firm. Its team includes three chartered financial analysts (CFAs), a certified financial planner (CFP) and a chartered alternative investment analyst (CAIA). (Advisors may have more than one designation.)
About 28% of M Capital’s individual clients have a high net worth. However, the firm’s account minimum is $100,000, which it may waive at its discretion.
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 about 16 years 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, LLC
Covenant Partners, LLC 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 doesn’t typically charge an account minimum, although 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.
Two advisors on the team are chartered financial analysts (CFAs).
Tillman Hartley Investment Philosophy
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.
Kraft Asset Management, LLC
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 two certfied financial planners (CFPs), one certified exit planning advisor (CEPA) and one certified trust and financial advisor (CTFA). (One advisor has three credentials.)
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.
Criterion Capital Advisors
Having been in business since April 2018, Criterion Capital Advisors is the youngest practice 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.
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 one certified financial planner (Pierce), one certifed public accountant (CPA) and one 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 three advisors on staff, of whom one is a certified financial planner (CFP) and another is a 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
Established in 2006, the firm has 101 individual clients. 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.
Decker Wealth Management, LLC
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, roughly 42%.
Decker Wealth Management Background
The firm 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, LLC
HMS Capital Management, LLC also goes by HMS Investment Advisors. Though last on this list, it stands out for two things: 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: 71 to 48. 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 include four chartered financial analysts (CFAs), one certified financial planner (CFP), one chartered market technician (CMT) and one certified trust and financial advisor (CTFA). (Some advisors have more than one certification).
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.
Finally, the firm also manages two hedge funds: The 576 Income Fund, LP and The 576 Growth Fund, LP.
HMS Capital Management Investing Strategy
Depending on your personal circumstances, HMS will put you in one of seven 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.