Quick Look: Best Financial Advisors in Knoxville Near You
- Best for Beginner Investors: Patriot Investment Management
- Best Robo-Advisor: M1 Finance
- Best for Long-Term Investments: CTM Financial, LLC
- Best for Legacy Planning: Brogan Financial Retirement and Legacy Planning
- Best Portfolio Analysis: Personal Capital
A financial planner can help you maximize your income for financial security now and in the future. Knoxville, Tennessee has a wealth of talented financial advisors to choose from.
Check out Benzinga’s list of the best financial management firms in Knoxville so you don’t miss a beat.
Best for Beginner Investors: Patriot Investment Management
Patriot Investment Management is a fee-only firm that offers portfolio management, financial planning, pension consulting services and more.
Unlike many firms, Patriot Investment Management doesn’t shy away from new investors. Its Financial Fitness program can help you build investable assets if you’re still early in the wealth accumulation phase.
Patriot Investment believes this service is like having a personal trainer. Your financial planner will help you monitor and change your habits. The program will hold you accountable for making healthy financial decisions.
In addition to individuals, the firm serves pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
9721 COGDILL ROAD SUITE 101KNOXVILLE TN, 37932
Phone number
865-777-2479
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
Check out M1 Finance if you want the convenience of an online investment manager but prefer to take the wheel for your own goal setting and strategy.
You can choose from almost 100 expertly-designed portfolio mixes. You may also customize your own portfolio with low-cost exchange-traded funds (ETFs) and individual stocks. M1 utilizes fractional shares, so every cent you deposit gets invested.
M1 Basic requires an $100 minimum account balance. M1 Premium is for investors who want to invest more capital. It requires a $25,000 minimum balance. Premium also has the added benefit of an afternoon trading window for more control over your investment strategy.
M1 is a great choice if you're a newbie who enjoys a challenge or a seasoned veteran who wants to take advantage of a digital robo-advisor.
Best for Long-Term Investments: CTM Financial, LLC
CTM Financial is a fee-only fiduciary that offers comprehensive wealth management.
Its wealth and investment management includes 4 steps:
- Discovery and analysis
- Planning
- Implementation and investing
- Follow through
CMT relies on Modern Portfolio Theory for its investment management strategy. This means your portfolio is focused on long-term and diversified asset allocation. This is also known as passive investing. Passive investing aims to mitigate risks related to the variability of the stock market.
CTM's client base includes individuals, high net-worth individuals, trusts, qualified retirement plans and businesses. The fee structure ranges from 0.20% to 1% of AUM. Fees depend on your account type and size.
- A percentage of assets under your management
- Hourly charges
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
10107 SHERRILL BLVD KNOXVILLE TN, 37932
Phone number
865-777-2325
Best for Legacy Planning: Brogan Financial Retirement and Legacy Planning
Brogan Financial Retirement and Legacy Planners is a Knoxville-based firm that offers comprehensive financial planning and investment management. Its financial planning services are tailored to retirement and legacy planning.
You’ll also find a standard suite of wealth management services at Brogan Financial. These services include income planning, investment management, tax planning, estate and legacy planning, and health care planning. Your advisor will consider how each of these affect your ability to retire and adjust your financial plan accordingly.
The firm tackles estate and legacy planning in 2 parts. Your advisor will 1st take steps to plan how your finances will be handled during your retirement. The focus will next turn to how your wealth and retirement accounts should be distributed after your passing.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Educational seminars/workshops
- RADIO PROGRAM FOCUSING ON WEALTH, FINANCIAL AND GENERAL ISSUES
Address
8351 E WALKER SPRINGS LANE SUITE 101KNOXVILLE TN, 37923
Phone number
(865) 862-6800
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital tailors its advisory services to investors with at least $100,000 under management.
Personal Capital offers comprehensive financial planning and investment management. It is an online advising platform that also has a team of human advisors. You can be assigned 2 dedicated advisors if you maintain a $200,000 balance. Investment management fees range from 0.89% to 0.49% of AUM depending on your balance.
Try Personal Capital if you want to handle your finances online but prefer a relationship with a professional, human advisor.
Frequently Asked Questions
Which certifications should my financial planner have?
Look primarily for the following designations:
- Certified Financial Planner™ (CFP®)
- Certified Public Accountant (CPA)
- Chartered Financial Analyst (CFA)
A CFP® is the most comprehensive certification. A CFA specializes in investment and financial analysis. A CPA specializes in accounting and tax planning.
What's the difference between financial planning and retirement planning?
Retirement planning is usually a part of comprehensive financial planning. Financial planning focuses on the earning stage and how to best grow your wealth. Retirement planning helps ensure financial stability for when the time arrives that you’re no longer collecting a paycheck.
What return should I expect from a financial advisor?
The industry generally expects a 1.5% to 4% return by using a financial advisor. This expected rate return depends on several factors like your personal finances and the state of the economy.
Find a Financial AdvisorToday
A financial planner can help you set specific goals or formulate a comprehensive plan that covers all angles. Make the best decisions for your short- and-long term financial goals by enlisting the expertise of a professional. Our list of vetted Knoxville advisors is a great place to start the process of selecting a financial advisor that works for you.
Methodology
To determine the top financial advisors in Knoxville, we pored through all SEC-registered advisory firms that have an office in Knoxville. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.