Financial advisors aid in wealth management by creating budgets, setting savings goals, and establishing retirement accounts and estate plans. Consider their credentials, licensure, and payment structure – some offer fee-only advice, while others take commissions and have fiduciary duties.
Covenant Wealth Advisors
Richmond financial advisor specialize in evaluating finances and guiding wise decisions in debt, investments, savings, retirement, estate planning, and insurance. They may specialize in investment management or insurance policies.
Financial advisors may charge hourly or flat fees based on your needs and goals. Some prefer comprehensive advisors, while others seek specialists. Regardless, ensure it aligns with your budget.
Covenant Wealth Advisors, an SEC-registered investment advisor based in Richmond and Williamsburg, Virginia, offers comprehensive financial planning and portfolio management services. Their clientele comprises high net-worth individuals, retirees, and business owners. Services include holistic financial plans, estate plans, coverage analysis, and cash flow management advisory.
Covenant distinguishes itself as a fee-only investment firm, eschewing commissions for product sales and qualifying as a fiduciary. This commitment mandates prioritizing clients’ interests and conducting thorough evaluations of their finances to craft personalized portfolios.
Financial planners can assist with devising a plan to increase both your income and savings while meeting long-term goals. A financial advisor can create a cash flow plan which gives an idea of the amount you have available each year for spending; they’ll help assess risk tolerance as well as investment goals before suggesting the most suitable types of assets for your portfolio.
Kanawha Capital Management
Kanawha Capital Management is a financial advisory firm offering wealth and investment management services. Specializing in goals-driven wealth management, Kanawha offers comprehensive plans tailored specifically for each of its clients as well as helping implement tax and transaction cost efficient model portfolios and using simulation analysis to track wealthcare plans’ statuses. Established in 1999 and located in Richmond Virginia.
A company offers wealth management and investment services for individuals, families, endowments, foundations, pensions and retirement accounts. Their team includes registered investment advisors and certified public accountants with years of experience and strong asset allocation strategies knowledge – familiarity with estate planning, taxation analysis and insurance analysis rounds out this expertise.
Richard Selfe Williford, a seasoned financial planner and registered investment advisor with over two decades of experience, serves affluent individuals, families, and small businesses. Specializing in retirement planning, education planning, debt management, and asset protection strategies, Richard holds the CERTIFIED FINANCIAL PLANNERTM designation and is a member of the CFA Institute. He provides personalized planning solutions tailored to each client’s unique circumstances, offering comprehensive financial planning services for individuals and businesses alike, including retirement planning and debt management options.
Fee-only firms like this one provide advisors with no commission on products they sell to clients, thus eliminating conflicts of interest and acting in their client’s best interest – an essential consideration when selecting a financial advisor.
Financial professionals come under many names, so it’s essential that individuals understand the distinctions among them. A financial planner provides individuals with guidance in making educated financial decisions while financial managers specialize in investments. One key distinction between them is that financial planners must put their clients’ interests before their own whereas managers do not.
Agili
Agili Financial Advisory Firm provides a wide variety of financial advisory services. This includes financial planning, wealth management and investment management. Their team of professional help clients meet their financial goals through tailored solutions created especially for their individual situations – this firm also assists with student loan debt management, retirement savings plans and saving for children’s college education costs.
The firm’s investment portfolio is composed of both traditional asset classes and non-traditional investments, encompassing traditional equity strategies focusing on value, growth and momentum and high-quality tax-exempt bond securities with tax-free status for tax minimization purposes. Their goal is to maximize returns within their given investment horizon while protecting capital in all market conditions.
Clients are charged fees based on the services rendered. Fees may differ based on the nature of services, from asset-based, hourly or fixed pricing arrangements; depending on what kind of services are provided the firm may also offer bundled pricing arrangements.
Contrary to some of its competitors, Agili is a fiduciary. That means it must place its clients’ best interests first. Agili’s financial planners possess extensive expertise and understand all aspects of investment planning including taxation and insurance matters; their personalized advice delivers exceptional customer experience.
Agili Financial boasts a small team, featuring 11 financial advisors. Each financial advisor brings decades of experience and certifications; Cindy Joyce is an exceptional example; as senior associate, she holds a Bachelor of Science in Accounting from University of Denver that gives her an advantage when serving at Agili.
The Roseline Group
Roseline Financial Group of Richmond is a financial advisory and wealth management firm offering services to individuals, families, and closely held businesses. Services provided include financial planning, tax preparation and investment portfolio management – with professionals having over one hundred years of combined experience within the financial services industry.
This company employs a team of Certified Financial Planner professionals and a CPA who specialize in fee-only fiduciary practice to preserve clients’ assets while offering comprehensive retirement planning services. In addition, they offer tailor-made investment strategies tailored specifically to each client’s goals and risk profile.
Services provided include tax preparation and planning, retirement planning, insurance analysis and estate planning. It specializes in offering fulfillment-focused services to its clients such as forging relationships with banks and lenders, negotiating support for salary and benefits negotiations and acting as personal chief financial officers. Furthermore, its portfolio is diverse across asset classes and sectors and utilizes research-based investments for maximum risk-adjusted returns.
Clients of the firm can utilize its online GDX360 platform, which integrates investing and financial planning. Investors can utilize this system to manage their investments from any location and monitor progress over time. Their team of experts have extensive knowledge in investing, financial modeling and asset allocation. And their client service team are available 24/7 to address any problems or assist clients. The firm offers an integrated wealth management program for high-net-worth individuals and family offices through its GDX360 platform, powered by over 30 professionals including investment managers and analysts, with access to more than 60 research affiliates; clients include private equity funds and hedge funds.
Alpha Omega Wealth
Alpha Omega Wealth in Richmond, Virginia, is a financial planning and investment advisory firm offering personalized advice and an outstanding client experience to individuals and families. Their retirement plan management services as well as estate planning solutions make Alpha Omega Wealth stand out among its competitors.
Clients of the firm include professionals, families and small businesses. Its services are designed to assist these clients in reaching their financial goals – building wealth, leaving a legacy and planning for retirement among others – with advisors taking an integrated approach including financial, tax and insurance planning.
Additionally to traditional investments, this firm also provides alternative investments like real estate and private equity. Their team of advisors have extensive experience in wealth management and can offer solutions for complex challenges. Furthermore, there is a dedicated research team which investigates trends within the investment market to assist their clients in making more informed decisions.
As of August 31, 2018, this firm managed $90.4 million in assets under management for clients, consisting of about 1,222 accounts managed on a discretionary basis and 68 non-discretionary accounts. Their fees are disclosed in their Form ADV disclosure document.
This firm provides wealth management and planning services to business owners, such as offering them a 401(k). Their advisors can assist in setting budgets and cash flow models while also offering advice about employee benefit options and tax-efficient strategies.
How you decide if hiring a financial planner is worth it depends on your unique circumstances. For example, if your finances are straightforward enough for you to manage yourself, then handling them alone might be sufficient. But if your assets or investment portfolios require management by someone with expertise – someone who will put your needs before their own and avoid conflicts of interest through fiduciary duties – hiring one may be beneficial.
