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Top Financial Advisors in Roanoke, VA

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Roanoke, Virginia

In an effort to help Roanoke, Virginia residents find a suitable financial advisor in their area, the experts at SmartAsset compiled this list of the top firms in the city. You can review crucial details about each firm, like their advisory certifications, services, account minimums, investment strategies and more. Try using SmartAsset's free advisor matching tool to get connected with advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Taylor Financial Group, Inc. Taylor Financial Group, Inc. logo Find an Advisor

Read Review

$273,919,267 $250,000
  • Financial planning
  • Portfolio management

Minimum Assets


Financial Services

  • Financial planning
  • Portfolio management
2 Beacon Wealth Consultants, Inc. Beacon Wealth Consultants, Inc. logo Find an Advisor

Read Review

$273,919,267 $50,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Estate administration
  • Legacy coaching

Minimum Assets


Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Estate administration
  • Legacy coaching

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What We Use in Our Methodology

To find the top financial advisors in Roanoke, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Taylor Financial Group

The top firm on our list of the top financial advisors in Roanoke is Taylor Financial Group. This firm has a handful of on-staff financial advisors. They work almost entirely with individual clients, of which a small number have a high net worth. It also works with some businesses.

You'll need to have at least $250,000 in investable assets in order to work with Taylor Financial. The firm reserves the right to waive this minimum requirement. This is a fee-only firm, which means all of its earnings come from the fees that clients pay.

Taylor Financial Group Background

Taylor Financial Group was established by Marvin Taylor in 1986. Today, Taylor is the president and principal owner of the firm, along with vice president Samuel Taylor. Marvin Taylor is also a certified financial planner (CFP) and Samuel Taylor holds two certifications: CFP and certified investment management analyst (CIMA).

This firm offers investment management, as well as financial planning services. The latter includes asset protection planning, estate and trust planning, retirement planning, philanthropic gift planning and tax planning.

Taylor Financial Group Investment Strategy

Taylor Financial Group provides portfolio management services through its own wrap fee program. Investment strategies vary from client to client depending on their risk tolerance, time horizon, financial needs and ultimate goals. Conversely, advisors may instead use one of many model portfolios to invest assets for clients. Tax efficiency is not a primary concern of advisors at Taylor Financial.

When determining which securities will occupy a spot in your portfolio, the firm uses fundamental, technical and cyclical analysis. However, the firm typically invests in mutual funds, exchange-traded funds (ETFs), equities, corporate debt securities, municipal securities and U.S. government securities.

Beacon Wealth Consultants

Beacon Wealth Consultants is the next firm on our list. This firm works with a wide array of clients. Of its individual clients, the vast majority do not have a high net worth. When it comes to institutional clients, the firm works with a handful of retirement plans, charities, investment advisors and businesses.

Beacon Wealth Consultants is a fee-only firm, meaning advisors do not earn commissions from the sale of financial products to clients. To work with Beacon, you'll need at least $50,000 in investable assets, though the firm may be willing to waive this minimum.

Beacon Wealth Consultants Background

Beacon Wealth Consultants is the youngest firm on our Roanoke list. It was founded in 2010, and it became an SEC-registered investment advisor in 2020. Richard S. Laymon, Jr. and Cassandra Chandler Laymon are the principal owners of the firm.

Beacon provides its clients with both portfolio management and financial planning services. It also provides LightPoint Portfolio Solutions to investment professionals. Assets are mainly managed on a discretionary basis.

Beacon Wealth Consultants Investment Strategy

Beacon Wealth Consultants works with clients to provide individualized and tailored investment services and strategies. This process involves meeting with clients to determine their financial situations and investment objectives. Advisors can then use this information to allocate client assets effectively. Advisors may invest client assets in a number of model portfolios and programs.

There are a range of different tiers of investment strategies at Beacon, ranging from conservative to more aggressive growth. Advisors may use a wide variety of investment securities.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research