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||Dixon, Hubard, Feinour & Brown, Inc. Find an Advisor||$1,606,208,396||$6,000 minimum annual fee|| || |
Minimum Assets$6,000 minimum annual fee
|2||Taylor Financial Group, Inc. Find an Advisor||$316,787,879||$250,000|| || |
|3||Beacon Wealth Consultants, Inc. Find an Advisor||$172,590,500||$50,000|| || |
|4||HCO Private Wealth Find an Advisor||$165,720,756||$500,000|| || |
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 accurate as of the writing of this article. 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.
Dixon, Hubard, Feinour & Brown
Dixon, Hubard, Feinour & Brown (DHFB) tops our list of Roanoke's top financial advisory firms. The fee-only firm serves non-high-net-worth individuals, high-net-worth individuals, charitable organizations, pension and profit sharing plans, estates, trusts and corporations.
DHFB’s advisors offer a range of specialties, with qualifications such as the chartered financial analyst (CFA), accredited wealth management advisor (AWMA), chartered investment consultant (CIC) and financial paraplanner qualified professional (FPQP) designations. The firm has no set account minimum, though it does have a $6,000 minimum annual fee.
Dixon, Hubard, Feinour & Brown Background
Established in 1981, Dixon, Hubard, Feinour & Brown offers financial planning, discretionary investment advisory services and periodicals.
The firm is wholly owned by Atlantic Union Bank.
Dixon, Hubard, Feinour & Brown Investment Strategy
DHFB’s primary investment strategies are long-term purchases and short-term purchases. When reviewing and selecting equity securities, the firm implements fundamental analysis, charting analysis and technical analysis.
DHFB mainly invests in equity securities, exchange-listed securities, securities traded over-the-counter, warrants, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, mutual funds, U.S.government securities and options.
Taylor Financial Group
The next 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.
HCO Private Wealth
HCO Private Wealth, also known as Harrison & Company Wealth Management, rounds out our Roanoke list. The firm is relatively small, as it boasts a small staff of financial advisors that collectively manage a couple million in clients' investable assets. The firm's core services are built to help individuals, but it also maintains advisory relationships with a handful of pension and profit-sharing plans.
There is a $500,000 minimum investment requirement at HCO, and the firm also adheres to a $5,000 minimum annual fee. Both of these minimums are waivable, though. HCO is a fee-only financial advisor firm, only taking fees directly from clients for services provided.
HCO Private Wealth Background
HCO Private Wealth was created in 2009 by Bruce Harrison, the firm's managing partner, chief compliance officer (CCO), lead financial advisor and majority owner. He is also a certified financial planner (CFP). Ian Hamre, the other advisor at the firm, is a chartered financial analyst (CFA) and a minority owner.
This firm provides investment management services, along with a range of financial planning offerings, such as tax planning, estate planning and more.
HCO Private Wealth Investment Strategy
HCO Private Wealth opens every client relationship with a series of meetings to determine the financial goals and objectives of each client. Based on this information, the firm may recommend a range of different strategies. Clients have the ability to choose any strategy presented to them, or they can go with a combination of several options.
By following the aforementioned process of determining clients' financial profiles, advisors can figure out how to structure their portfolio to help them achieve their goals. The firm typically uses a quantitative approach to choosing stocks, and it may also include exchange-traded funds (ETFs), mutual funds and bonds in the construction of portfolios.