Home of country music, good food, and a rich culture, Tennessee is one of the more populous states in the country and a place with a lot to show for itself. With plenty of agriculture, tourism, and other growing industries putting wind in its sails, there’s no shortage of success in the state. And if you have personally found success, you would probably be best served by a financial advisor to make sure your wealth stays yours. To help you, we have investigated the many financial advisory firms operating in Tennessee and picked out five excellent ones.
Here are our top five choices for financial advisory firms in Tennessee:
Green Square Capital
Our first choice is Green Square Capital, located in Memphis. They have almost $3 billion in assets under its management. They have a large staff that is committed to providing the best financial and investment advice for their clients. Some of their primary services include institutional asset management, family office services, and wealth advisory services.
There are many people who trust the firm in managing their wealth, so they might also work for you. You can expect years of experience from your advisor when it comes to managing your assets, especially if you are a high-net-worth individual or a wealthy family with complex financial needs.
Green Square Capital is a fee-based firm that has no minimum account requirement to work with them.
You can expect the following working with Green Square Capital:
- A large staff that has many years of experience.
- Solutions for the complex needs of wealthy families and high-net-worth individuals.
- Additional services such as customized reporting and portfolio rebalancing.
Patriot Investment Management Group, Inc
Our second choice is Patriot Investment Management Group, Inc, a firm from Knoxville that has more than $838 million in assets under its management. It was founded in 1998 and has a large staff that has experience in many different financial fields.
They allow clients to consult a tax professional regarding their investments before and during the implementation process. It’s a firm that offers flexibility and freedom, but they always ensure you make the right decisions regardless of your portfolio type. They are with you all the way from the start to the end of a project. Some of its services are risk management, retirement planning, education planning, and tax planning.
Patriot Investment Management Group, Inc is a fee-only firm that has no minimum account requirement to work with them.
You can expect the following working with Patriot Investment Management Group:
- A wide array of financial planning and investment management services.
- The use of third-party professionals such as tax specialists to assist in the implementation of a client’s portfolios.
- A very experienced staff.
Woodmont Investment Counsel, LLC
Located in Nashville, Woodmont Investment Counsel, LLC has over $688 million in assets under its management. They are experienced investors that use sophisticated investment management strategies to navigate the often-complex financial world. It’s a firm you can trust to handle your investments and ensure you achieve your financial goals.
Some of the primary services the firm offers include wealth management and investment management. They work with individuals, business owners, families, and institutions.
Woodmont Investment Counsel, LLC is a fee-only firm that has a minimum account level that varies with the type of account used. The fixed-income account requires $1 million, and an equity/balanced account requires $750,000.
You can expect the following working with Woodmont Investment Counsel, LLC:
- A firm that will disclose all their fees, investment costs, and potential conflicts of interest.
- The use of a client-first structure that ensures its clients receive the best customer service possible as well as unbiased financial advice.
- Services that can help you plan your wealth when it comes to the next generation.
Patton, Albertson & Miller Group, LLC
Our fourth choice is Patton, Albertson & Miller Group, LLC in Chattanooga, which has about $494 million in assets under its management. They deal mostly with wealthy families and high-net-worth individuals. They offer services such as business succession planning, trust services, and more to clients who have needs unique to those who have accumulated some wealth.
They use a long-term approach when investing and perform an annual review on every client portfolio.
Patton, Albertson & Miller Group, LLC is a fee-only firm that has a $1 million minimum account requirement to work with them.
You can expect the following working with Patton, Albertson & Miller Group:
- A close watch on every portfolio in order to ensure it is working well.
- Individualized client services.
- Experience working with affluent families and individuals.
Prudent Street Financial Advisors, LLC
Our fifth and last choice is Prudent Street Financial Advisors, LLC located in Nashville. They have nearly $230 million in assets under its management, despite having fewer advisors than most firms. They can help you with services such as general consulting, employee benefits, insurance planning, portfolio management, and financial planning.
They work with all types of individuals, pension plans, and corporations. Each client has the advantage of speaking with the advisors either in person or on the phone to discuss any financial confusion they might be facing.
Prudent Street Financial Advisors, LLC is a fee-based firm that has a $250,000 minimum account requirement to work with them.
You can expect the following working with Prudent Street Financial Advisors:
- A firm that despite its small size can provide a wide range of services.
- The involvement of their clients in the advising and planning process.
- Experience dealing with complex financial problems.
It can be quite difficult to find the right financial advisory firm in Tennessee. Why is that? There are many firms in the state, which is why we have created this list. We tried to include at least one firm from each major city, but we also encourage you to check out our other articles depending on your local area or nearby city. We hope that regardless of your choice, you will be able to find the perfect fit for you and your family.