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Best Financial Advisors in Knoxville, Tennessee

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Contributor, Benzinga
verified by Kathryn Hauer, CFP®

Want to jump straight to the best advisor? Most people definitely prefer working with Facet Wealth for their investing needs.

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 Financial Advisors in Knoxville Near You:

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.

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PATRIOT INVESTMENT MANAGEMENT GROUP INC

$863,130,925
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Other
No account minimum
15
1,413
Yes
67
6
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

9721 COGDILL ROAD SUITE 101 KNOXVILLE TN, 37932

Phone number

865-777-2479

Commissions
FREE automated investing
Account Minimum
$100 for regular accounts $500 for retirement accounts

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.

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CTM FINANCIAL, LLC

$127,599,160
  • A percentage of assets under your management
  • Hourly charges
$400,000 but negotiable
2
82
Yes
28
4
  • 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

Pricing
0.25% annual fee
Account Minimum
$0

Best Mobile App: Betterment

Betterment is an all-around solid digital advisor. Betterment is free to use with no account balance and you only need a $10 deposit for Betterment Digital. Betterment Digital’s annual fee is 0.25% of assets under management (AUM). 

Digital includes financial planning, diversified portfolio strategy, portfolio rebalancing, auto-trading and tax optimization. You’ll also have the ability to sync external accounts like a 401(k). Modular advice packages are available starting at $199 per 1-time session and span topics like wedding and retirement planning.

Betterment Premium is reserved for clients with a $100,000 minimum balance. The main benefit of Premium is a relationship with a dedicated Certified Financial Planner™ (CFP®).

Betterment focuses on diversified asset allocations and offers several goal-based portfolio strategies. You can manually adjust asset classes to fine-tune your portfolio mix or opt for automatic rebalancing.

Other services and products include planning and management for individual and shared accounts, trusts and traditional, Roth, SEP and rollover IRAs

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. 

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BROGAN FINANCIAL, INC.

$218,653,625
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
No account minimum
3
492
Yes
25
6
  • Financial planning services
  • Educational seminars/workshops
  • RADIO PROGRAM FOCUSING ON WEALTH, FINANCIAL AND GENERAL ISSUES
Address

8351 E WALKER SPRINGS LANE SUITE 101 KNOXVILLE TN, 37923

Phone number

(865) 862-6800

Pricing
Fees range based on deposit amount and services used
Account Minimum
$100,000

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

Q

Which certifications should my financial planner have?

1
Which certifications should my financial planner have?
asked
A
1

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.

answered
Q

What’s the difference between financial planning and retirement planning?

1
What’s the difference between financial planning and retirement planning?
asked
A
1

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.

answered
Q

What return should I expect from a financial advisor?

1
What return should I expect from a financial advisor?
asked
A
1

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.

answered

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.

Looking for Something New?

Take a look at Facet Wealth if you’re looking for something new. Facet Wealth, an SEC-Registered Investment Advisor (RIA) with technology-enabled financial planning services, is operational worldwide. In contrast to many other advisor firms, Facet Wealth provides comprehensive financial planning rather than solely managing money by picking stocks. The company puts a premium on minimizing fees, maximizing diversification and streamlining wealth management costs. Schedule your 30-minute introductory call now.