Top Financial Advisors in Richmond, VA

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Cary Street Partners Investment Advisory is a fee-only firm that works with both high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans, charities, insurance companies and corporations. 

As a fee-only firm, advisors may not earn commissions from the sale of financial products, which could become a potential conflict of interest. Their earnings come directly from client fees. There is no set account minimum at the firm.

The firm provides a range of financial advisory services to clients, including investment portfolio management, financial planning services and even a wrap fee program.

Cary Street tailors its investment strategies to the needs of its clients. Advisors learn about the financial situation and investment objectives of clients in order to effectively allocate their assets and manage risk. Advisors may use a wide range of different investments and investment products to populate client portfolios and drive growth.

Cary Street has a number of different pre-set strategies, ranging from conservative growth to long-term growth. Generally, account managers do extensive research and perform fundamental analysis.

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Wealthcare Capital Management is a fee-based firm that serves both non-high-net-worth and high-net-worth individuals, as well as pension and profit-sharing plans, charities and corporations. Wealthcare Capital Management does not impose an account minimum.

As a fee-based firm, advisors get paid directly from client services, but may also receive insurance commissions. The firm, however, is a fiduciary and is legally obligated to act in the best interests of clients.

Advisors at the firm hold multiple certifications, including Certified Financial Planner™ (CFP®), certified public accountant (CPA), certified public accountant/personal financial specialist (CPA/PFS) and chartered financial analyst (CFA). 

Although risk tolerance is the main driver of many financial advisor firms, Wealthcare particularly takes pride in finding exactly how much risk should be present without your portfolio’s construction. However, the firm is a massive believer in exchange-traded funds (ETFs), especially those that include equity and securities and government treasury securities.

If your unique situation calls for it, your advisor may also recommend investing in mutual funds, corporate debt securities, variable annuities and other similar vehicles. In general, though, you can count on Wealthcare to take a long-term approach to handling your money, as market-timing and stock-picking are not strategies it employs.

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Brockenbrough is a fee-based firm that serves high-net-worth individuals and families, as well as trusts, foundations, endowments, investment companies, institutions and other legal entities. Specific advisor certifications are not listed in the provided firm materials.

The firm does not state a minimum asset requirement. Clients engaging in advisory services are primarily charged asset-based fees, though the firm may also receive performance-based incentive allocations from affiliated private funds and non-cash benefits from Charles Schwab.

As a fee-based firm, Brockenbrough may receive compensation beyond asset-based advisory fees. The firm is a fiduciary, so it is legally required to act in the best interests of clients.

The firm offers private wealth and institutional investment management, outsourced chief investment officer services, wealth planning in limited circumstances, account aggregation, customized reporting, proxy voting and investment advice on certain private funds. It also manages affiliated funds, including the Jamestown Equity Fund and privately offered pooled investment vehicles.

Brockenbrough uses proprietary equity and fixed-income strategies, along with customized asset allocation. Its equity strategies include earnings-driven, dividend-focused and enhanced index approaches, while its fixed-income strategies generally focus on investment-grade taxable bonds and high-quality municipal debt.

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Heritage Wealth Advisors is a fee-only firm with several financial advisors on staff. Its team holds multiple certifications, including Certified Financial Planner™ (CFP®), chartered financial analyst (CFA), certified public accountant (CPA) and personal financial specialist (PFS). 

The firm does not have a set account minimum and works with both non-high-net-worth and high-net-worth individuals, as well as charities and corporations.

Clients engaging in investment management services are charged a percentage of assets under management that ranges from 0.50% to 1%.

Heritage Wealth Advisors' comprehensive services include investment management, financial planning, tax planning and preparation and charitable giving.  The firm considers a client's time horizon, risk tolerance, cash flow needs and personal preferences, including restrictions on investing in certain securities, when it designs a personalized asset allocation for a client’s portfolio. The firm also pays particular attention to the assets held in each account, to ensure tax efficiencies are maximized and costs are minimized.

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Godsey & Gibb Wealth Management is a fee-only firm that serves non-high-worth individuals and high-net-worth-individuals, as well as banking or thrift institutions, pensions and profit-sharing plans, charities and corporations.

Advisors at the firm hold multiple certifications, including Certified Financial Planner™ (CFP®), certified public accountant/personal financial specialist (CPA/PFS) and chartered financial analyst (CFA). 

Godsey & Gibb requires a $500,000 account minimum for its investment services. Clients engaging in investment services are charged a percentage of assets under management that ranges from 0.50% to 1%.

The firm offers individual portfolio management, and financial planning, including retirement and educational expense planning, accounting services and educational seminars. The firm's accounting services are a unique selling point, as many firms do not offer tax services. 

Godsey & Gibb Wealth Management's portfolio management process is centered on its clients' unique objectives, as well as an understanding of their risk tolerance, income needs and capital growth expectations. The firm describes itself as "moderately conservative," and it prioritizes the preservation of capital above all else. As part of its "risk-averse philosophy," the firm explains that it gradually invests in its clients' portfolios after it assumes active management of investments.

Godsey & Gibb claims that it strives to ensure its clients understand exactly why it makes the investment decisions it makes. As a client's goals and needs may evolve, the firm will amend his or her investment objectives and restructure the client’s portfolio as necessary.

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To be a client of Kanawha Capital Management, you'll need at least $500,000. The fee-only firm serves both non-high-net-worth and high-net-worth individuals, as well as pension and profit-sharing plans, charities and corporations. 

Kanawha's staff includes those holding the Certified Financial Planner™ (CFP®) and chartered financial analyst (CFA) designations. Clients engaging in investment services will have to pay a percentage of assets under management that ranges from 0.50% to 1%.

The firm offers investment management and financial planning, which encompasses retirement planning, estate planning, tax planning and coordination, family wealth issues, unexpected lifestyle changes, charitable giving strategies, insurance analysis and closely held business issues. The firm's financial planning services are centered on assessing clients’ abilities to meet their goals, with a probabilistic approach used to determine clients’ odds of meeting their defined spending objectives and stress testing used to determine how the plan will withstand unfavorable circumstances.

Kanawha Capital Management's investment process is tailored to its clients and their objectives, risk tolerance, time horizon and tax considerations. The firm focuses on broad diversification and offers three approaches: equity, fixed income and balanced.

The equity approach uses individual stocks of large-cap, established companies that have both growth and value characteristics, as well as exchange-traded funds. This approach is focused on cash flow. The fixed-income approach, on the other hand, uses high-quality taxable and tax-free debt securities, which are selected based on a client's time horizon and the firm's market outlook. The balanced approach includes both equity securities and fixed-income securities.

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Verus Financial Partners is a fee-only firm that serves both non-high-net-worth and high-net-worth individuals.

Advisors hold multiple certifications, including Certified Financial Planner™ (CFP®), certified public accountants (CPAs), accredited investment fiduciaries (AIFs), personal financial specialists (PFS) and enrolled agents (EAs). 

To be a client of this fee-only firm, you'll need at least $1 million.

At Verus Financial Partners, portfolios are built for the long term and backed by a financial plan. Based on your financial plan, Verus Financial Partners will determine a risk level that's appropriate for your goals and objectives.

Verus Financial Partners emphasizes a low-cost approach to investing. It primarily invests its clients in various mutual funds and exchange-traded funds to strategically diversify asset allocation.

The firm will monitor and periodically rebalance your portfolio to ensure your target asset allocation is maintained. Rebalancing is done with an awareness of tax implications.

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Campbell Deegan Wealth Management, LLC, which does business as Campbell Deegan Financial, is a fee-based firm that serves individuals and families, as well as corporations and other business entities, pension and profit-sharing plans, trusts and estates.

There is no set account minimum at the firm. Campbell Deegan does not impose a minimum portfolio value or minimum fee to start or maintain an investment management relationship, though certain outside managers used in client portfolios may have their own minimum requirements.

As a fee-based firm, advisors may receive commissions. However, the firm is a fiduciary, so any conflict of interest is mitigated by the fact that the firm is legally required to act in the best interests of clients.

The firm offers financial planning, consulting and investment management services. Its planning services include retirement planning, education planning, business planning, trust and estate planning, tax planning, charitable giving, insurance planning, cash flow forecasting, liability and risk management, distribution planning and real estate 1031 exchange planning. The firm may also provide portfolio management, legacy position advice, employer-sponsored retirement plan consulting, 529 plan advisory services, investment consulting and manager due diligence. 

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Heartwood Wealth Advisors is a fee-based firm that offers a comprehensive suite of services tailored to meet the financial needs of individuals, families and estates. These services include financial planning for individuals, financial planning for families, financial planning for estates, portfolio management and retirement plan consulting. While the firm recommends a minimum of $2,000,000 in manageable assets to facilitate effective diversification and minimize investment-related conflicts, this is not a strict requirement. 

As a fee-only firm, there is a potential conflict of interest as the firm or its advisors could earn a commission on the sale of certain securities. However, the firm is bound by a fiduciary duty to put the needs of each client first. 

The firm employs a comprehensive investment strategy that includes asset allocation, diversification, rebalancing, and international diversification to manage client portfolios effectively. The firm creates investment approaches that are based on a variety of client-specific factors such as their current financial situation, investment goals, time horizon, desired rate of return, age, tolerance for portfolio volatility, unique objectives, circumstances, and personal preferences. This personalized approach ensures that each portfolio is aligned with the individual's financial outlook and life stage.

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Paragon Financial Services is a fee-based firm that serves non-high-net-worth and high-net-worth individuals, as well as retirement plans, trusts, estates, charitable organizations, corporations and other business entities.

The provided firm materials do not list professional certifications for Paragon Financial Services advisors. Paragon Financial Services generally requires a $25,000 minimum to open and maintain an advisory account, though the firm may waive this minimum at its discretion. Its wrap fee program has a $250,000 minimum.

As a fee-based firm, advisors may receive commission-based compensation through securities or insurance-related activities. However, the firm is a fiduciary, so any conflict of interest is mitigated by the fact that it is legally required to act in the best interests of clients.

The firm offers portfolio management, financial planning, estate planning coordination, tax preparation and tax planning coordination, pension consulting, advisory consulting, sub-advisory services and a wrap fee program known as Strategic Wealth Management.

Paragon Financial Services uses both technical and fundamental analysis in its investment process. Strategies may include long-term purchases, short-term purchases and occasional short-term trading, along with tactically managed approaches based on quantitative research and client risk profiles.