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. Find an Advisor||$273,919,267||$250,000|| || |
|2||Beacon Wealth Consultants, Inc. Find an Advisor||$273,919,267||$50,000|| || |
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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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer 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.