10 Best Financial Advisors in Charlotte (for 2019)

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Ryan Friend

September 16, 2019  •  6 min read

Charlotte, North Carolina – Queen City – is an incredibly beautiful city that is known for its rich history and for being the biggest banking hub in the United States outside of New York City. And with so much financial activity occurring in the city, it should come as no surprise that there is plenty of wealth to be had in Charlotte.

But getting wealthy and staying wealthy are two different things. The first requires a certain amount of risk and hard work, but the second requires wisdom and savvy, and unless you are a true Jack or Jill of all trades and fully understand how the markets work, this means you need to hire a financial advisor.

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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If you live in the Charlotte area and are looking for a new financial advisor, then you are in luck, for there are tons of option. But we have put together a list of the best five financial advisors in the city. Working with one of these companies can help you to protect and grow your net worth for many years to come. Here are our top picks for financial advisors in Charlotte:

Carroll Financial Associates, Inc.

With over $2.47 billion in assets under management, Carroll Financial Associates Inc. is the largest financial advisory firm on this list, and it is also our top choice. There are account minimums required if you would like to work with Carroll Financial Associates, but they vary depending on the type of account you wish to open.

This firm was founded in the year 1980 by Larry Carroll, a man who has been named by Forbes as being one of the top 200 financial planners in the country. However, it is not just Carroll who does the financial planning for Carroll Financial Associates. Instead, the firm has 29 financial planners on its staff, including one who specializes in divorce financial analysis (a CDFA). In fact, they have about 18 certified financial planners (CFPs), several certified financial analysts (CFAs), and many other professionals who can help provide investment advice and guide you through the comprehensive financial planning process.

Overall, the firm has ten different financial planning teams, each with their own specialty. Your account will be assigned to the team that best fits your needs, and they will be responsible for making your investments and monitoring your account.

You can expect the following working with Carroll Financial Associates, Inc.

  • Fee-based compensation structure
  • Bi-monthly analysis of your plan to make sure it is on track to reaching your goals
  • Rebalancing of your asset allocation when necessary to account for market developments, life changes, etc.

Bragg Financial Advisors, Inc.

Bragg Financial Advisors is another one of the great Charlotte, NC financial advisors. This wealth management firm has over $1.5 billion in assets under management. However, if you would like to work with Bragg Financial Advisors, you will need to have $1 million in investible assets, meaning this is a firm specifically for high-net-worth individuals.

Bragg Financial Advisors was founded in the year 1997 and has six financial advisors on its staff. In terms of investment strategy, the company is very flexible and is willing to accommodate people with many different investing goals, whether they are focused around minimizing risk or attempting to grow wealth as fast as possible with high-risk/high-reward investments.

When you become a client, there are seven different portfolio models you can choose from, and you will be matched with the investment portfolio model that best suits your financial goals and risk tolerance.

You can expect the following working with Bragg Financial Advisors Inc.

  • Fee-based compensation structure
  • A strong focus on long-term success as opposed to focusing on capitalizing on short-term market movements
  • Extremely thorough research in order to find the best investment opportunities for clients and their financial situations

Colony Family Offices, LLC

Colony Family Offices, LLC has over $1.43 billion in assets under management. This company is relatively new, having only formally registered with the SEC in 2013. But despite the fact that it is new, it is still one of the dominant financial advisory forces in the Charlotte area.

However, they are one of the most exclusive financial firms in the state; they only work with clients who have at least  $10 million in investible assets, meaning this firm works exclusively with extremely high-net-worth individuals and companies.

Because Colony Family Offices is so exclusive, it has fewer clients. This means you will receive a lot more attention and specific financial advice and management services from your assigned financial advisor. In total, there are seven highly-skilled advisors in this office, and they use an investing strategy that involves a combination of active and passive investing. They also attempt to capitalize on short-term gains when market conditions are favorable.

You can expect the following working with Colony Family Offices LLC:

  • Fee-only compensation structure which eliminates conflicts of interest
  • Extremely agile investing style which involves capitalizing on short-term opportunities and sound fundamentals that create long-term stability and growth
  • Consolidated performance reporting available upon request

Carolinas Investment Consulting, LLC

With over $1.41 billion in assets under management, Carolinas Investment Consulting, LLC is another great option for you when you are looking for financial advisors and investment advisors in the Charlotte area. The firm does have minimum investible asset requirements if you would like to work with them, but that amount depends on the particular plan that you would like to open with them.

The firm was founded in the year 2000 and has 20 financial advisors on board. The average years of experience working as a financial planner for each is 20 years.

In general, their wealth advisors focus on long-term success and aims to set its clients up to maintain their lifestyles throughout the duration of their retirements.

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

  • Fee-based compensation structure
  • Additional expertise in insurance, with related advisory services
  • A variety of plans to choose from according to your needs and preferences
  • Retirement planning and retirement income planning, with asset management and financial planning services tailored to match.

Biltmore Family Office, LLC

Biltmore Family Office LLC is the final Charlotte financial advisor on our list. This investment management and financial services firm has over $1.26 billion in assets under management, and with an account minimum of $10 million in investible assets to work with this company, it is extremely exclusive.

They use a combination of passive and active investment strategies in order to create the highest and most stable returns for you. However, the exact strategy that they use for you will depend on your risk tolerance and your liquidity needs, something which will be discussed early on in your relationship with your advisor.

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

  • Fee-only compensation structure
  • Additional expertise in charitable giving and tax planning
  • Investments that primarily consist of ETFs, stocks, bonds, and mutual funds

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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The right financial advisor for you depends on a number of different factors including your current net worth, your risk management preferences, your investment strategy preference, and whether or not you are looking for additional expertise in insurance, etc.

We have provided you with the options we feel are the best in the city of Charlotte. Hopefully one of these firms is the ideal match for your financial life. Still, do your own research (you can check FINRA), take the time to grab phone numbers, and meet with a few different advisors before making a decision about which financial group to go with. But when you do decide, we wish you nothing but the best for your financial future.