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Best Financial Advisors in Nashville, TN

Aug. 15, 2019, 8:17 p.m.

From asset management to planning for retirement, having a financial advisor by your side offers many benefits. Choosing a financial advisor, however, is a complicated and time-consuming process. Our partners at ConsumerAffairs researched the best financial advisors in Nashville to make it easier to make an educated decision and find the right money advisor.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. NewsChannel5 may receive compensation from our partners. Learn more.

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#1
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Facet Wealth

Real Financial Planning

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Facet Wealth
Facet Wealth
Features
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#2
Kraft Asset Management
Kraft Asset Management
Features
  • $500,000 minimum assets required
  • Affiliate of accounting firm KraftCPAs PLLC
  • Offers comprehensive financial planning services
  • Consistently uses bonds in its investment portfolios
Location
555 Great Circle Rd.
Nashville, TN 37228
(615) 782-4286
#3
Oasis Wealth Planning Advisors
Oasis Wealth Planning Advisors
Features
  • Financial Planning package starting at $250/hr
  • Investment management starts at 0.75%, decreasing on a sliding scale
  • Fee-only payment structure
  • Detailed financial modeling & retirement planning
Location
600 12th Ave. S., Ste. 803
Nashville, TN 37203
(615) 881-3954
#4
Pinnacle Financial Partners
Pinnacle Financial Partners
Features
  • $500,000 minimum assets required
  • Certified Financial Planner and Certified Financial Analyst on staff
  • Puts together a custom Investment Policy Statement that guides investments
  • Offers banking, investments, mortgage, trust, insurance and financial planning
Location
150 3rd Ave. S.
Nashville, TN 37201
(615) 744-3705
Woodmont Investment Counsel
Woodmont Investment Counsel
Features
  • Hours unavailable
  • woodmontcounsel.com
Location
401 Commerce St.
Nashville, TN 37219
(615) 297-6144
M Capital Advisors
M Capital Advisors
Features
  • Hours unavailable
  • mcapitaladv.com
Location
104 Woodmont Blvd., Ste. 320
Nashville, TN 37205
(615) 244-8400
Tillman Hartley
Tillman Hartley
Features
  • Hours unavailable
  • tillmanhartley.com
Location
40 Burton Hills Blvd., Ste. 200
Nashville, TN 37215
(615) 431-9015
Covenant Partners
Covenant Partners
Features
  • Hours unavailable
  • covenantpartnersllc.com
Location
3811 Bedford Ave., Ste. 201
Nashville, TN 37215
(615) 665-1801
Criterion Capital Advisors
Criterion Capital Advisors
Features
  • Hours unavailable
  • criterionadv.com
Location
4515 Harding Pike, Ste. 300
Nashville, TN 37205
(615) 292-6889
SnowCreek Wealth Management
SnowCreek Wealth Management
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • snowcreekwealth.com
Location
905 Harpeth Valley Pl.
Nashville, TN 37221
(615) 673-7795
Decker Wealth Management
Decker Wealth Management
Features
  • Hours unavailable
  • deckerwealth.com
Location
4535 Harding Pike, Ste. 201
Nashville, TN 37205
(615) 212-2958

Choosing a financial advisor in Nashville

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Whether you’re interested in protecting your assets for the future, creating a diverse portfolio or saving for retirement and your children’s education, hiring a financial advisor in Nashville is beneficial. These professionals offer advantages, such as:

  • Financial confidence: Consulting with your advisor helps establish realistic goals and lets you know you’re on the right track.
  • Less stress: If investing, asset management and financial planning isn’t your forte, a DIY approach to your finances can be stressful. Letting a knowledgeable and experienced professional handle your money eliminates this anxiety.
  • Objective advice: A fiduciary financial advisor has your best interests in mind and will tell you which tactics are ideal for your financial goals, without being clouded by personal involvement.

Before you dive into choosing the best financial advisors in Nashville, understand that these professional services often have a minimum investment. While this amount varies, it typically ranges from $25,000 to $500,000 depending on the asset management services you require. Some financial advisors might not have a minimum at all, but be careful to check their qualifications.

Types of financial advisors

Nashville residents have various types of financial advisors available to them. First, decide whether a robo-advisor or human financial advisor is right for you.

Robo-advisors offer a low-cost means to financial planning with automated processes and services. This is ideal for those who are looking for simple financial advice without the high cost or minimum investment. Human advisors, on the other hand, provide personalized advice for more complicated financial situations.

Additionally, you’ll have to choose if you want a fiduciary or a non-fiduciary financial advisor in Nashville.

A fiduciary has the power and legal obligation to act on your behalf in your own best interest. This legal and ethical standard ensures that your fiduciary advisor has no ulterior motives. A non-fiduciary investment advisor is not legally responsible to act in your best interest, with most adhering to the sustainability standard, which means their suggestions must at least be suitable for the client. As a result, non-fiduciary advisors may give advice which benefits them more than the absolute best option for the client.

The Department of Labor requires financial professionals involved with individual retirement accounts or other qualified individual accounts to uphold fiduciary standards and disclose all compensation and any conflicts of interest.

What is the cost of a financial advisor in Nashville?

The cost of a financial advisor in Nashville varies depending on a few factors:

  • Fee structure: Financial advisors typically ask for either a flat fee, monthly or annual fee, commission from earnings, percentage of your assets under management or hourly rate.
  • Services required: Are you seeking a financial advisor just for advice or will you need them for long-term asset management? The complexity of your financial situation also affects this cost.

When looking at prices in Nashville, ask the financial advisor how they make money. Some advisors might profit from third parties for recommending certain investments. In addition to fiduciary standards, this transparency guarantees the advisor acts in your best interest at all times.

Also, ask about transaction fees or other costs you may incur.

What qualifications should a financial advisor have?

When reviewing financial advisors in Nashville, look for qualifications such as:

  • Certifications such as being a Certified Financial Planner or Certified Public Accountant
  • Documented education and experience
  • Fiduciary status
  • Transparent and documented investment and asset management tactics
  • Positive customer reviews

Finally, don’t be afraid to ask the financial advisor any questions you may have about their services. If you’re unsure about an advisor or feel like you may be getting scammed, it’s not worth risking your savings to find out. Check with the Securities and Exchange Commission or use the Financial Industry Regulatory Authority’s Broker Check to verify your financial advisor’s qualifications and history.

Facet Wealth

Facet Wealth VISIT FACET WEALTH

Facet Wealth employs Certified Financial Planners who work to create individually tailored financial plans for clients. This company provides financial help for everything from retirement planning to education savings. Reviews are positive with praise for the flat planning fee and after-hours access to advisors.

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Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.