Best Financial Advisors in South Carolina

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

South Carolina is a state that is known for its beautiful beaches, its incredible golf courses, and its pleasant weather. However, South Carolina is also home to some of the best financial advisors in the United States. These advisors manage billions of dollars in assets and can help you reach a place of financial security, especially if you’ve managed to find success in the state. We have compiled a list of the top five best financial advisors in South Carolina to help you decide which one to work with.

Here are our picks for the top five financial advisors in South Carolina.

1) Carroll Financial Associates 

Carroll Financial Associates, Inc. is one of South Carolina’s absolute best financial advisors. This company, which is located in Charlotte, manages $2.47 billion in assets on behalf of its clients. Their minimum account requirement will vary based on the type of account you would like to open with them.

Carroll Financial Associates has been operating since 1980 and has been dominating the South Carolina wealth management industry for nearly four decades. There are 29 financial advisors who work for this company. This firm has ten different teams of financial advisors, all with different specialties. You will be assigned to the team that is the best fit for your needs. The company will also monitor your portfolio on a regular basis to make sure that it is performing well.

You can expect the following working with Carroll Financial Associates:

  • A fee-based compensation structure.
  • Periodic rebalancing of your portfolio based on performance.
  • A focus on creating a trust-filled long-term relationship. 

2) Bragg Financial Advisors 

Bragg Financial Advisors, located in Charlotte, manages over $1.58 billion in assets for its clients. They have a $1 million minimum asset requirement to work with them. This means that the company is best suited for people who have a high net-worth.

The firm was founded in 1997 and has six advisors on its staff. Bragg Financial’s advisors do make commissions when they make trades on behalf of their clients. Also, when advisors here sell you insurance products, they also make commissions on these.

In terms of investment strategy, Bragg Financial offers seven different portfolio models to its clients. These portfolios are designed to accommodate your risk tolerance, your time horizons, and your investing goals.

You can expect the following working with Bragg Financial:

  • A fee-based compensation structure.
  • A lot of in-house research and analysis to determine optimum client asset allocation.
  • A strong focus on long-term investments. 

3) Colony Family Offices

Colony Family Offices manages over $1.43 billion in assets on behalf of its clients. It is a very exclusive firm, and you will need to be able to deposit $10 million in investible assets into an account to work with them.

Founded in 2013, there are seven financial advisors on its staff. In terms of its investment strategy, Colony Family Offices uses both active and passive investing strategies in order to get the best out of both worlds. The firm prioritizes stable, long-term growth, but they are not opposed to trying to capitalize on short-term market opportunities. The firm commonly invests in fixed-income, mutual funds, equities, and private investments such as hedge funds.

You can expect the following working with Colony Family Offices:

  • A fee-only compensation structure.
  • Additional services available upon request, such as ad hoc investment research and consolidated performance reporting
  • Comprehensive financial planning based on your individual goals 

4)  Carolinas Investment Consulting LLC

With about 20 financial advisors on staff, Carolinas Investment Consulting LLC has over $1.41 billion in investments under management and was founded in 2000. There is no one set minimum asset requirement and instead, requirements are dictated by the type of account you would like to open.

Their investing strategy prioritizes long-term investing and typically will hold an asset for at least a year before selling.

You can expect the following working with Carolinas Investment Consulting, LLC:

  • A fee-based compensation structure.
  • Investments that are focused on your liquidity needs and risk tolerance.
  • Periodic rebalancing of assets based on performance. 

5)  Biltmore Family Office, LLC 

Founded in 2008 with five financial advisors on staff, Biltmore Family Office, LLC manages over $1.26 billion in assets on behalf of its clients. If you would like to work with Biltmore Family Office, then your family will have to open an account with at least $10 million in investible assets, making it a very exclusive firm.

All of the firm’s advisors have an average of 22 years in the field, so they are very experienced and should be able to help you with whatever you need. For its investing strategy, Biltmore Family Office, LLC prefers to invest in mutual funds, ETFs, index funds, and equities.

You can expect the following working with Biltmore Family Office, LLC:

  • A fee-only compensation structure.
  • The use of both passive and active investment strategies.
  • Portfolios crafted around your financial goals. 

Conclusion 

If you live in the great state of South Carolina and are looking for a new financial advisor, then one of the five firms on this list should be the perfect fit for you. The sooner that you start working with one of them, the sooner that they can start managing your portfolio and helping you make the right financial calls. This can be one of the best decisions you make, so we heavily encourage you to work with an advisor. No matter your final choice, we hope you find exactly what you’re looking for and we wish you nothing but future success.

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