10 Best Financial Advisors in Virginia Beach (for 2019)

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Ryan Friend

September 3, 2019  •  5 min read

As one of the best resort cities on the eastern seaboard, Virginia Beach has become famous for its hotels, its miles of beautiful beaches, and the many wonderful restaurants that line its shores. As this city has grown over the years, it has attracted many wealthy individuals and families. As a result, it has also become home to some of the top financial advisors in the state. We’re here to help you find the perfect fit for you, your family, and your portfolio.

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

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Here are the best five financial advisory firms for Virginia Beach:

Financial Security Advisory

With over $619 million in assets under management, Financial Security Advisory, founded in 1997, is by far the biggest and the best financial advisory firm in Virginia Beach. To work with this firm, you will be required to pay a $1,200 minimum annual fee. There is no minimum investible asset requirement to open an account with the firm, and the bulk of its clients are non-high net-worth individuals.

If you work with this firm, decisive asset allocation will be the core element of the investment strategy used for your account. The company will look for the perfect balance of securities, cash, and fixed income to create the ideal financial plan for you.

Fundamental analysis, technical analysis, and third-party research are all used when selecting investments for your portfolio.

You can expect the following working with Financial Security Advisory:

  • A fee-based compensation structure
  • Periodic rebalancing of assets based on performance
  • Complete transparency regarding the firm’s fees and financial services

Compton Wealth Advisory Group 

Compton Wealth Advisory Group’s two investment advisors manage over $564 million in assets for their clients, and the firm has a $2,500 minimum annual fee. That being noted, there is no minimum account size. If you would prefer to pay by the hour, financial planning services are available at $250 an hour.

All the financial plans that the company makes are completely custom, so there’s no need to worry about being stuck in a model. However, you will be required to sit down for a lengthy initial conversation to discuss your financial situation, goals, and risk tolerance.

After this conversation, a personalized portfolio will be made for you and you will meet periodically to discuss its performance as well as any life changes you might have experienced. Rebalancing will be carried out as need.

You can expect the following working with Compton Wealth Advisory Group:

  • A fee-based compensation structure
  • A focus on long-term investment strategies that do not rely on market timing
  • Comprehensive financial planning that takes all key financial factors into account
  • Advisory services such as retirement planninginvestment management, and estate planning, all from a qualified wealth management professional

Waypoint Advisors 

Waypoint Advisors’ five financial advisors handle over $171 million in assets, and an interesting fact is that six out of the seven people who work at the company are women, and the founder was a woman who is also a certified financial planner (CFP). If you are looking for an advisor with a female perspective, then this firm is perfect for you.

However, to work with Waypoint Advisors, you will need at least $1 million in investible assets. High net worth individuals and families make up the bulk of Waypoint Advisors’ client base.

Unlike some other firms, Waypoint Advisors relies heavily on third-party money managers. The company has a 24-point evaluation and selection criteria for these managers and only works with the best ones in the industry. The firm prefers to not give advice on individual stocks, but instead likes to invest in mutual funds, pooled accounts, and separately managed accounts.

You can expect the following working with Waypoint Advisors:

  • A fee-only compensation structure
  • Strong focus on diversification to mitigate risk
  • Advisors with decades of experience and proven track records of success

Toner Asset Management Group 

Toner Asset Management Group manages over $133 million in assets for its clients. Unlike the other options on this list, there is only one financial advisor who works at this firm: Troy Toner. With over 16 years of experience and an MBA from American University, Toner has become one of the best financial advisors in Virginia Beach.

If you would like to work with the firm, then you will be required to create an account with at least $2 million in investable assets, making them the most exclusive firm on this list.

Another thing that makes this company unique is that Toner users cyclical and charting analysis for investment plans in addition to fundamental and technical analysis. The firm relies on market timing to make some of its investing decisions.

You can expect the following working with Toner Asset Management Group:

  • A fee-only compensation structure
  • A focus on both long and short-term investments
  • A high level of personal attention
  • Tax services should you need them

Bay Capital Advisors, LLC 

Bay Capital Advisors, LLC is a financial advisory firm that is headed by Joe Sallee, CFP. Sallee spent many years in the Navy before he became a financial advisor, applying that level of discipline to his investing strategy. Instead of giving you cookie-cutter investment advice, Bay Capital takes a deep look at your complete financial situation and creates a plan that is entirely tailored to your liquidity needs, risk tolerance, and financial goals.

Even further, they will stay in frequent contact with you to discuss your portfolio and make periodic adjustments to it as necessary. This is evidence to support the fact that Bay Capital prefers to cultivate long-term relationships. The bulk of the investments that they make on your behalf will be long-term investments.

You can expect the following working with Bay Capital Advisors, LLC:

  • A fee-only compensation structure
  • A long-term relationship built on trust
  • Completely transparent fees

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

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Only you can know which financial advisory firm is best for you and your family. However, we feel very strongly that you can find the right financial advisor in the list above. We recommend looking into the matter as soon as possible. However, this does not mean that you should rush your decision. We encourage you to look further into these firms by either reaching out to a phone number, doing a Google search or two, or even calling several financial planners and comparing notes.

With a little effort on your part, it should become clear fairly quickly which firm is the best for you to work with. Yet no matter your choice, we wish you the best of luck on your financial journey.