Finding a Top Financial Advisor Firm in Raleigh, North Carolina
Finding the right financial advisor for your needs is no easy undertaking. In Raleigh, this means looking through dozens of firms with different credentials, fee structures, investment strategies and specialties.
To find a financial advisor near you, try our free online matching tool.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||CAPTRUST Find an Advisor||$450,010,401,287||$50,000|| || |
|2||Financial Symmetry Inc. Find an Advisor||$664,733,649||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Beacon Wealthcare LLC Find an Advisor||$202,789,831||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|4||KDI Capital Partners, LLC Find an Advisor||$349,739,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||Townsend Asset Management Corp. Find an Advisor||$299,925,879||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Wrenn Financial Strategies, Inc. Find an Advisor||$225,394,544||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Beacon Financial Strategies Corp. Find an Advisor||$208,651,732||No set minimum|| || |
Minimum AssetsNo set minimum
|8||Founders Financial Alliance, LLC Find an Advisor||$588,493,543||No set minimum|| || |
Minimum AssetsNo set minimum
|9||Capital Investment Counsel, Inc. Find an Advisor||$509,854,280||$100,000|| || |
|10||Cook Wealth Management Group LLC Find an Advisor||$405,365,714||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Raleigh, North Carolina
To find the top financial advisors in Raleigh, North Carolina, 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:
CAPTRUST is a firm with hundreds of advisors across the country. Several dozen of those advisors are based in Raleigh, where the firm is headquartered. Among them they hold various professional certifications, including certified financial planner (CFP), chartered financial analyst (CFA), accredited investment fiduciary (AIF), certified public accountant (CPA) and chartered retirement plan specialist (CRPS).
You’ll need at least $50,000 to be a client of this fee-based firm. CAPTRUST works with individuals, high-net-worth individuals, banking institutions, pension plans, charities, government entities, insurance companies, corporations and other institutions. CAPTRUST has one of the highest assets under management of any firm in U.S. that qualified for our rankings.
CAPTRUST was first registered with the Securities & Exchange Commission (SEC) in 2003. It’s almost 100% owned by CapFinancial Group, LLC, which is in turn owned by CapFinancial Holdings, Inc. James Fielding Miller, the CEO of CAPTRUST, owns roughly 40% of CapFinancial Holdings, Inc.
CAPTRUST offers a wide range of services to institutional clients, primarily retirement plans. For individual clients, the firm provides investment advisory services, financial planning services and estate planning services.
CAPTRUST Investment Strategy
CAPTRUST begins formulating its investment strategies with the goals of its clients, making sure to factor in each client’s investment objectives and risk tolerance. Then, the firm develops an asset allocation of equities, fixed income, strategic opportunities, commodities and real estate with a risk profile that’s appropriate to the client. For security analysis, the firm uses fundamental, technical, quantitative and qualitiative analysis.
Financial Symmetry Inc.
Financial Symmetry Inc. has several certified financial planners (CFPs) on its staff, as well as chartered retirement planning counselor (CRPC) and certified public accountant (CPA). The firm has millions in assets under management; it has no strict minimum account size, but it does require a minimum annual fee. It’s a fee-only firm.
Financial Symmetry Inc. Background
Financial Symmetry Inc. was founded in 2001 by Bill Ramsay, who remains a partner at the firm. It’s owned by Ramsay and eight other owners.
Alongside financial planning and investment management, Financial Symmetry also offers retirement planning, tax planning, Social Security analysis, college planning, 401(k) allocation and estate planning services. For small businesses, the firm offers 401(k) advice to help businesses evaluate their current 401(k) plans and design a plan that is low-cost and straightforward.
Financial Symmetry Inc. Investment Strategy
Financial Symmetry Inc. has an investment committee that meets monthly to evaluate the firm’s long-term investment outlook. The investment committee aims in its research to find any broad mispricings that it may be able to use to its clients’ benefit.
The firm applies a long-term approach to its investment process. The firm primarily recommends mutual funds and exchange-traded funds (ETFs) for its clients, and it says it chooses asset classes according to each client's risk tolerance and risk capacity.
Financial Symmetry Inc. has a good offering of client resources. Its blog is updated weekly, with posts on company news and financial how-tos. In another section, Client Stories, the firm gives readers a look at how its services have helped clients deal with financial challenges, from getting ready to retirement to starting a family.
Beacon Wealthcare serves the needs of individuals, high-net-worth individuals, trusts, estates, pension and profit-sharing and defined-contribution retirement plans, business entities, charitable institutions, endowments and foundations. Minimum investment requirements vary. For example, to take part in the firm's SPT Program clients must have at least $5,000.
Beacon Wealthcare is a relatively small firm with a five-person team that represents various professional financial certifications, including certified financial planner (CFP), certified public accountant (CPA) and retirement income certified professional (RICP).
Beacon Wealthcare Background
Beacon Wealthcare was founded in 1998 by Sam Bass, who is also a financial advisor at the firm. He succeeded the firm at the end of 2020 and has over thirty years of experience investing money for his clients. The firm is a member-managed LLC, owned by Geoffrey Hall, Jared Korver and Ryan Smith. Patricia Hall acts as compliance officer.
Beacon Wealthcare offers investment advisory services as well as financial planning services.
Beacon Wealthcare Investment Strategy
The firm's mission is to "empower clients to live more abundant and purposeful lives." Its process is focused on advising clients to "avoid unnecessary investment risk, avoid needless or irrational sacrifices to their lifestyle and to constantly measure, in easily understandable terminology, their progress toward accomplishing the goals they value." It values diversification of assets as well. The firm acknowledges that capital markets are uncertain by nature, and so uses data and research to bolster these approaches. Client investment portfolios are largely invested in exchange traded funds (ETFs).
KDI Capital Partners, LLC
KDI Capital Partners, LLC is a fee-only, employee-owned firm managing individuals, high-net-worth individuals, retirement plans, trusts, foundations, family offices, endowments and corporations. Minimums vary based on account type. For example, the firm requires that each client meet a minimum account size of $250,000 to establish an advisory relationship. The Highly Concentrated strategy requires a minimum of $1 million.
The firm’s staff of advisors offer a collection of specialties, including the chartered financial analyst (CFA) and certified public accountant (CPA) designations.
KDI is compensated through asset-based fees and fixed fees.
KDI Capital Partners, LLC Background
Founded in 1991 and originally named Maynard Capital Partners, LLC, Maynard Capital changed its name to KDI Capital Partners, LLC in 2007. The firm is owned by John Day, Sheldon Fox and Investors Management Corporation.
As for advisory services, KDI offers portfolio management, financial planning and selection of other advisors.
KDI Capital Partners, LLC Investment Strategy
KDI mainly applies what it calls a Concentrated All Cap Equities Strategy, which holds that investors should only invest when risk is limited and the opportunity for return is present, according to KDI’s firm brochure. The firm says it also believes in reducing risk of owning equities through gaining knowledge of the company and the industry.
Townsend Asset Management Corp.
Founded in 1982, Townsend Asset Management Corp. has a staff with various professional certifications, including certified financial planner (CFP), certified public accountant (CPA), personal financial specialist (PFS) and chartered financial analyst (CFA).
Like many firms on this list, Townsend Asset Management does not have a set account minimum. The fee-only firm primarily serves individuals, as well as a few high-net-worth individuals, pension plans, charitable organizations and corporations.
Townsend Asset Management Corp. Background
Townsend Asset Management Corp. is owned by Gerald Townsend, its president, and Katrina Townsend, its business manager and office administrator.
The firm’s wealth management services, which include financial planning, tax preparation and consulting services, are its most comprehensive offering. In both its wealth management and investment management services, Townsend takes into account clients’ personal goals, needs and financial situations when determining the course of action.
Townsend Asset Management Corp. Investment Philosophy
At Townsend, investment management clients each receive an “investment policy statement” that summarizes their risk tolerance, growth objective and time horizon, among other preferences and goals. This, alongside the firm’s financial and investment philosophy, guides how the firm will manage a client’s investments. The firm will design portfolios for conservation of principal, income, moderate growth or more aggressive growth.
Townsend Asset Management invests its clients assets in stocks, bonds, mutual funds or other securities, including certificates of deposit, options or alternative investments. It normally makes long-term purchases but also does short-term. Its primary analysis methods are fundamental and technical analysis.
Wrenn Financial Strategies serves various clients, including individuals, high-net-worth individuals as well as pension and profit-sharing plans. It does not require a minimum investment amount.
The firm is relatively small but its team members still represent professional financial certifications such as certified financial planner (CFP).
Wrenn Financial Strategies Background
The firm began conducting business in 1988. Its principal shareholders are Maxie Edward Wrenn Jr., who serves as president and treasurer; and Janice Regi Wrenn, who serves as VP and secretary.
Wrenn Financial Strategies offers the following advisory services to its clients: financial planning and portfolio management.
Wrenn Financial Strategies Investment Strategy
The firm uses the following tools in formulating investment advice and managing client assets:
- mutual fund and/or ETF analysis
- fundamental analysis
- technical analysis
- quantitative analysis
- qualitative analysis
Beacon Financial Strategies is a fee-based firm that serves various clients, including individuals, pension and profit-sharing plans, trusts, estates, as well as corporations or other business entities. The firm does not impose any minimum account requirements on clients.
The firm's team represents various professional financial certifications, including certified financial planner (CFP), certified public accountant (CPA) and accredited investment fiduciary (AIF).
Beacon Financial Strategies Background
The firm was founded in 2004 and principal owners are Nathan R. “Chip” Hymiller, III and Erin P. Campbell.
It provides four distinct types of advisory services to clients, which it names as follows: Net Worth Management, Investment Management, Tax Preparation and Corporate Sponsored Retirement Plan Consulting.
Beacon Financial Strategies Investment Strategy
To analyze securities, Beacon Financial Strategies may use various methods including charting, fundamental analysis, technical analysis and cyclical analysis.
Research sources include but are not limited to financial newspapers and magazines, inspections of corporate activities, research materials prepared by others, annual reports, filings with the SEC and company press releases.
Founders Financial Alliance (FFA) is a fee-based firm that serves various clients, including:
- Banks and thrift institutions
- Pension and profit-sharing plans
- Charitable organizations
- State and municipal government entities
- Corporations and other business entities
The firm does not impose any minimum account requirements on clients. However, it has affiliations with a broker-dealer and representatives of the firm may be insurance agents or brokers, and select members of the firm who are registered representatives of these affiliates may receive commissions for the sale of products. This is a conflict of interest, but advisors still must act in the best interest of the client.
Founders Financial Alliance Background
Founders Financial Alliance, LLC i s a registered investment advisor (RIA). Tom W. Porter, Jr. is the firm's founding member and formed the company in August 2014. He is full owner of the firm.
Headquartered in Raleigh, the firm has other locations under various "doing business as" (DBA) names in several cities, some of which include Cary and Greenville in North Carolina; Boca Raton, Florida; and Albuquerque, New Mexico.
Founders Financial Alliance Investment Strategy
FFA provides discretionary and non-discretionary investment advisory services to clients based on various factors such as individual goals, objectives, time horizon, needs and risk tolerance. Investment strategies and recommendations by IARs are tailored to the individual needs of each client.
The firm emphasizes regular account supervision. Portfolios consist of individual stocks or bonds, exchange traded funds (ETFs), options, mutual funds and other public and private securities or investments. It uses hard evidence and resarch to create tailored portfolios. Analysis methods include fundamental analysis, technical analysis and cyclical analysis, as well as modern portfolio theory and third-party manager analysis.
Capital Investment Counsel
Capital Investment Counsel is a fee-based firm with millions in assets under management. The firm has an account minimum of $100,000, but it retains the right to waive that minimum at its discretion.
The firm has several advisors, though according to the firm's website, none of them list any professional designations such as certified financial planner (CFP) or chartered financial analyst (CFA). The firm shares common ownership with Capital Advisors, Inc., a separate investment advisory firm, but the two firms aren’t related beyond that common ownership.
Capital Investment Counsel Background
Capital Investment Counsel was founded in 1984 by Richard K. Bryant and E.O. Edgerton Jr. The firm is owned by R. Bryant Family Partners, Ltd., a partnership controlled by Bryant. The firm is a part of Capital Investment Companies, a group of companies founded by Richard Bryant that provide a wide range of financial services.
Capital Investment Counsel specializes in individually tailored portfolios of equities and fixed-income securities, and it also provides financial planning services.
Capital Investment Counsel Investment Strategy
Capital Investment Counsel relies on a five-part investment philosophy: emphasizing financially strong, cash-rich companies selling at discounts historically; reinvesting dividends and interest; emphasizing additional contribution to the portfolio; striving to minimize tax liability; and “multiplying” positions in companies that have grown significantly beyond their value.
The firm doesn’t focus on creating “model” portfolios. Rather, it builds individually-tailored portfolios made up of individual equities and fixed-income securities. The firm invests in stocks of all market capitalizations.
Cook Wealth Management Group is a fee-based firm. It has affiliations with a broker-dealer and an insurance company, and select members of the firm who are registered representatives of these affiliates may receive commissions for the sale of products. This is a conflict of interest, but advisors still must act in the best interest of the client.
The firm, which boasts over 145 years of combined experience and has staff members with professional financial certificaitons including certified financial planner (CFP) and certified public accountant (CPA). It does not have a set account minimum.
Cook Wealth Management Group LLC Background
Founded in 1984, Cook Wealth Management is owned by Jon Cook, founding partner and wealth advisor, and Brian Cook, managing partner, wealth advisor and chief compliance officer. The firm’s four primary services are financial planning, asset management, tax planning and life planning.
Cook Wealth Management says it takes a holistic approach to wealth management. The firm creates customized portfolios for clients, with asset allocation based on clients' needs, life goals, risk tolerance, tax situation and ideal timeframe. Progress is measured against achieving a long-term personal rate of return, rather than against stock market indexes.
Cook Wealth Management Group LLC Investment Strategy
This firm mainly employs a long-term investment approach, and it uses fundamental analysis to research and select securities. Its portfolios use diversified mutual funds and/or exchange-traded funds, as well as individual stocks and bonds.