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Top Financial Advisors in Tennessee

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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 Tennessee

You’re not about to entrust your wealth with just anyone. But with so many financial advisors out there, how do you choose one? To help you narrow the field, we did some of the initial research for you, collecting a number of important factors - fundamentals such as assets under management (AUM), fees and investment strategy. Then we put all the info together, here, for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms in Tennessee. Then use SmartAsset’s free financial advisor matching tool to connect with up to three advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 InterOcean Capital Group, LLC InterOcean Capital Group, LLC logo Find an Advisor

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$3,640,605,335 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Credit and cash management solutions

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Credit and cash management solutions
2 Virtue Capital Management, LLC Virtue Capital Management, LLC logo Find an Advisor

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$1,071,516,782 $1,000
  • Financial planning
  • Portfolio management
  • Publication of periodicals or newslettters
  • Educational seminars/workshops

Minimum Assets

$1,000

Financial Services

  • Financial planning
  • Portfolio management
  • Publication of periodicals or newslettters
  • Educational seminars/workshops
3 Legacy Wealth Management, Inc Legacy Wealth Management, Inc logo Find an Advisor

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$2,076,485,493 $500,000
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops
4 Patriot Investment Management Group Inc. Patriot Investment Management Group Inc. logo Find an Advisor

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$1,610,714,866 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
5 Waddell & Associates, LLC Waddell & Associates, LLC logo Find an Advisor

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$1,234,758,435 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Credit and cash management solutions

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Credit and cash management solutions
6 Beacon Capital Management, LLC Beacon Capital Management, LLC logo Find an Advisor

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$711,978,480 $100,000
  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

$100,000

Financial Services

  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
7 Delta Asset Management, LLC Delta Asset Management, LLC logo Find an Advisor

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$1,473,421,564 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops
8 Woodmont Investment Counsel, LLC Woodmont Investment Counsel, LLC logo Find an Advisor

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$1,206,475,156 $1,000,000
  • Financial planning
  • Portfolio management

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
9 Rather & Kittrell, Inc. Rather & Kittrell, Inc. logo Find an Advisor

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$1,271,370,168 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Consulting

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Consulting
10 M Capital Advisors M Capital Advisors logo Find an Advisor

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$1,157,613,837 Varies based on account type
  • Financial planning
  • Portfolio management

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management

What We Use in Our Methodology

To find the top financial advisors in Tennessee, we first identified all firms registered with the SEC in the state. 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 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.

InterOcean Capital Group, LLC

InterOcean Capital Group is a fee-only firm which works with high-net-worth individuals almost exclusively, though there are a few non-high-net-worth individual clients at the firm, alons with some charitable organizations and pension/profit sharing plans.

Fees at InterOcean are based on a percentage of assets under management, though sometimes a flat annual fee may be charged. There is technically no account minimum stated, but the high preponderance of high-net-worth clients may imply that the firm generally takes on fairly large accounts.

The firm's team has earned certifications including certified financial planner (CFP), chartered financial analyst (CFA), certified public accountant (CPA) and chartered financial consultant (ChFC).

InterOcean Capital Group Background

InterOcean was founded in 2005 and is owned by Focus LLC through a series of subsidiaries. Focus LLC is a publicly-traded firm.

InterOcean Capital Group Investment Strategy

There are six foundational portfolios available at InterOcean:
 
  • Large cap equity
  • Equity income and option
  • Equity hedge
  • Global ETF
  • Tactical Diversifying
  • Customized Investment Strategies

Virtue Capital Management

Virtue Capital Management works with a ton of individual clients, the majority of which do not have a high net worth. Other clients include high-net-worth individuals, pensions, profit sharing plans, charities and other businesses. The firm has a $1,000 minimum account size requirement.

Since some advisors can earn commisisons from selling financial products, Virtue is considered fee-based. Despite this potential conflict of interest, the firm is a fiduciary. This makes it legally obligated to act in the best interests of clients at all times.

Virtue Capital Management Background

Virtue Capital Management was founded in 2013. It registered with the SEC as an investment advisor one year later, after previously being registered with a number of individual states. Virtue Financial Holdings, LLC is the firm's 100% owner, though Jeremy Rettich, Matthew Rettich and James Webb own Virtue Financial Holdings. Jeremy and Matthew are the firm's control persons.

Virtue provides clients with asset management and financial planning services.

Virtue Capital Management Investment Strategy

Virtue Capital Management's asset management services are provided on a continuous and tailored basis. Advisors work with clients one-on-one to determine their financial situation, including factors such as risk tolerance, liquidity needs and overall investment objectives. From there, individualized investment strategies can be created.

Advisors at Virtue use tactical, strategic and dynamic methods of analysis to help inform investment decisions. They may use a variety of data sources and invest client assets across a wide range of securities.

Legacy Wealth Management

Second on our list is Legacy Wealth Management. Its team includes certified financial planners (CFPs), MBAs, certified financial analysts (CFA), JDs and lots more (Advisors may have multiple accreditations).

At the fee-only Memphis firm, most of the individual client base are people who do not have a high net worth. Legacy Wealth also serves pensions, profit-sharing plans, corporations, charities and municipal government entities. The minimum investment is generally $500,000.

Legacy Wealth Management Background

John Ueleke founded the firm in 1982 as one of the first fee-only firms in the area. Although he’s no longer part of the company, Legacy Wealth Management still operates on his founding principles of clients, commitment to honesty and integrity, compassion and culture. The practice is currently owned by its employees, including President and CEO Jim Isaacs and Managing Director Duncan Miller.

Legacy Wealth offers portfolio management and financial planning. It can provide guidance in such areas as cash flow, debt management, budgeting, risk management, education planning, tax planning, retirement planning, early retirement-offer evaluations, deferred compensation planning and estate planning. 

Legacy Wealth Management Investing Strategy

Legacy Wealth Management is a proponent of globally diversified portfolios, stating on its website its belief that “a diversified portfolio is a sound portfolio.” Most client portfolios are invested in stocks, bonds, mutual funds and ETFs. Services tend to be tailored to the individual financial situation of each client.

Patriot Investment Management Group

Located in Knoxville, Patriot Investment Management Group is next on our Tennessee list. Its team includes several certified financial planners (CFPs), along with certifications such as certified public accountant (CPA) and chartered financial analyst (CFA). (Advisors may have multiple professional accreditations.)

With no minimum investment required, the vast majority of the fee-only firm’s clients are non-high-net-worth individuals. It also serves pension and profit-sharing plans and charitable organizations. 

Patriot Investment Management Group Background

Patriot Investment Management Group has been providing investment advisory services since 1992. It’s principally owned by Brad Bower, the firm’s president and CEO.

Patriot Investment Management describes itself as "quarterback" for its clients, coordinating efforts between its accountants, attorneys and any other professionals with whom the firm works. The firm offers asset management, as well as financial planning and wealth management. The latter may include:

  • Risk management and insurance analysis
  • Asset allocation and portfolio management
  • Tax planning
  • Education planning
  • Retirement planning
  • Estate planning and trust management 

Patriot Investment Management Group Investment Strategy

Patriot Investment Management Group says that it believes in taking a "conservative, prudent approach to investing, and earning attractive, risk-adjusted returns over the long term." It emphasizes diversification and asset allocation. It eschews market timing, and argues that actively managed funds have historically underperformed and resulted in higher fees. The firm primarily builds client portfolios with index funds, which align with the firm's emphasis on cost efficiency.

Waddell & Associates

Fee-only Waddell & Associates has a main office in Memphis and a branch in Nashville. The team of advisors at the firm includes a handful of advisory certifications, including certified financial planner (CFP) and chartered financial analyst (CFA).

About a quarter of the individual client base is high-net-worth individuals. The rest are non-high-net-worth individuals. The firm also serves corporate pension and profit-sharing plans, charitable institutions, foundations, endowments and corporations. There is a $500,000 investment minimum, though the robo-advisor account minimum is $5,000. 

Waddell & Associates Background

CEO David Waddell founded his namesake firm in 1986. He and two other employees have small stakes, but the majority owner is Focus Financial Partners, LLC, a public company traded on the NASDAQ Global Select Market. 

The practice offers investment management, robo-advisor services, financial planning and consulting. It also provides employee benefit retirement plan services to 401(k) pension plan trustees.

Waddell & Associates Investment Strategy

As a client of Waddell & Associates, you’re likely to have your money managed in a model portfolio. This means the firm has already developed several template portfolios to fit specific financial needs and situations. This differs from some firms that will create your portfolio completely from scratch. The primary investments made at Waddell are no-load mutual funds, ETFs, individual securities, money market funds and CDs, corporate bonds, U.S. treasury bonds and municipal bonds.

For those with less than $500,000, the firm offers access to its robo-advising platform called W&Ai. This is the Schwab Intelligent Portfolio. Trading and rebalancing is determined by an algorithm. Your money is managed digitally, resulting in lower fees and minimums.

Beacon Capital Management is a fee-based firm based in Franklin, with another office in Brentwood. Some of the advisors at the team are also insurance agents and broker-dealers, meaning they can earn commissions. This is a conflict of interest, but all advisors are bound to act in the best interest of the client. Some of the advisors on staff at Beacon are certified financial planners (CFPs).

Most of the clients at the firm are individuals, the majority of whom do not have a high net worth. The only institutional clients are chartiable organizations and corporations.

The minimum account size is $100,000.

Beacon Capital Management Background

The firm was founded in 2005 by Jon Maxson and Pete Benson.
 
Services includ investment management and financial planning.

Beacon Capital Management Investment Strategy

Just under two-thirds of client money is invested in pooled investment vehicles, and a further quarter is put into individual stocks. Cash and mutual funds are also part of the overall portfolio.

Delta Asset Management

The next firm up on our list of the top financial advisors in the state of Tennessee is Delta Asset Management, a large, Memphis-based firm. This firm works with a pretty diverse client base. Of its individual clients, less than half are high-net-worth individuals. It also works with a number of institutional clients, such as pensions, profit sharing plans, charitable organizations, government entities, businesses and corporations.

Delta does not have a minimum account size requirement. It is a fee-only firm, so advisors don't earn any commissions that could create a conflict of interest.

Delta Asset Management Background

Delta Asset Management was founded in 1989, making it one of the oldest firms on our list. While it's been in business ever since, it only became an SEC-registered investment advisor in 2001. The firm is owned by managing directors Myron Mall, Edward Taylor and David Smith as well as Hightower Advisors, LLC.

Delta provides its clients with investment advisory services such as portfolio management and financial planning services.

Delta Asset Management Investment Strategy

Delta Asset Management works with clients to provide tailored investment services. This process involves meeting with clients to determine their risk tolerance, time horizon, liquidity needs and overall financial situation. Advisors form a model portfolio that they use as an allocation guide.

The firm primarily uses long-term purchases to help drive growth in client portfolios. Advisors may use a wide range of different investments, depending upon the specific client and their situation and goals.

Woodmont Investment Counsel is a fee-only firm where the minimum account size is $1 million. The firm works mostly with individuals, the vast majority of whom qualify as high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

The team at Woodmone has earned certifications including chartered financial analyst (CFA) and certified financial planner (CFP).

Fees are based on a percentage of assets under management.

Woodmont Investment Counsel Background

Woodmont was founded in 2000 by Paul Kuhn. Kuhn is a principal owner. The other managing principals are Scott Burns, Stephen Frohsin and Chief Compliance Officer Will Ed Settle.
 
Services includ tax mitigation, estate planning, financila planning, retirement planning and investment management.

Woodmont Investment Counsel Investment Strategy

Investments at Woodmong include exchange-traded funds (ETFs), mutual funds, stocks, bonfs and index funds. Pooled investments may also be used, allowing money from multiple clients to be used for access to otherwise unavailable investments.

Rather & Kittrell

Located in Knoxville, Rather & Kittrell specializes in serving those who are going through transitions. Its clients include individuals, families, businesses, banks, pensions, profit-sharing plans, charities, state governments and businesses. Less than half of its individual clients are high net worth individuals, with the rest being non-high-net-worth. The fee-based firm has an account minimum of $500,000.

The team at Rather & Kittrell includes a handful of certified financial planners (CFPs). Other certifications include certified public accountant (CPA), certified investment management analyst (CIMA) and accredited investment fiduciary (AIF).

Rather & Kittrell Background

Rather & Kittrell started in 2000 as a “two-desk business.” It’s indirectly owned (through RK Holdings, Inc.) by the firm's co-founders, Lytle Rather and Christian Kittrell. Both still work at the practice. Jeff Hall, Matt Grabeel and Greg McMurry are minority owners of RK Holdings, Inc.

Investment management services are on a fee basis, but advisors who are registered representatives of broker-dealers or insurance agents may receive commissions in their other capacities. In addition to portfolio management and insurance, the firm offers financial planning and consulting.  

Rather & Kittrell Investment Strategy

For its discretionary accounts, Rather & Kittrell typically relies on its model allocations, which offer several different risk profiles that range from a focus on preserving capital to achieving aggressive growth. The firm says that its core investment strategy consists of "globally diversified, multi-asset class model portfolios designed to deliver expected long-term returns within well-defined ranges of risk." In accordance with modern portfolio theory's assertion that the markets are efficient, the firm primarily uses passive investments in entire asset classes, including managed mutual funds and ETFs.

M Capital Advisors

M Capital Advisors (aka Mastrapasqua Asset Management) is a fee-only firm working mainly with individuals, more than 50% of whom qualify as high-net-worth. Institutional clients includ pension and profit sharing plans, charitable organizations and corporations.

Advisors at the firm have earned certifications including chartered financial analyst (CFA), certified financial planner (CFP) and chartered alternative investment analyst (CAIA).

The minimum account size varies based on account type. Fees are based on a percentage of assets under management.

M Capital Advisors Background

M Capital was founded in 1993 and is principally owned by Dr. Frank Mastrapasqua.
 
Services incluide investment management, financial planning, trust planning, estate planning and retirement planning.

M Capital Advisors Investment Strategy

Nearly all of the money held at M Capital is invested in individual stocks. Some bonds, mutual funds and cash holdings are also used.

How Long $1 Million 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.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.