The Wealthtender Guide to

Financial Advisors in Charlotte

Looking for a Financial Advisor in Charlotte?

No matter where you live in or around Charlotte, you’ll find dozens of financial advisors within a few miles of home. But how do you find the best financial advisor for your individual needs?

It’s important to first consider your own financial planning priorities before choosing an advisor. Here are a few quick tips to help you get started along with Charlotte financial advisors featured on Wealthtender you may want to add to your list.

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The Benefits of Hiring a Financial Advisor in Charlotte

Hiring a financial advisor can be a great move to help you build a long-term investing strategy. Advisors can help you build an investment portfolio to meet your financial goals, as well as help you plan appropriately for retirement.

As a Charlottean, hiring a financial advisor who lives nearby and understands the local economy, cost of living and regional employers can be quite valuable, especially if your individual circumstances are deeply tied to such factors.

Who are the largest employers in Charlotte, North Carolina?

According to research from the Charlotte Business Journal, Charlotte’s largest employers include:

  • Atrium Health
  • Wells Fargo & Co
  • Walmart Inc.
  • Bank of America Corp.
  • Novant Health Inc.

Do you work for one of the largest employers in Charlotte? If so, there’s a good chance the local financial advisor you hire will have other clients who work there, too. This knowledge could prove valuable if they are already familiar with your employee benefits such as a 401(k) plan, Health Savings Accounts and other components of your total compensation package.

When you reach out to financial advisors you’re considering hiring, let them know where you work and ask if they are familiar with the unique benefits and compensation structure offered by your employer.

Quick Tips For Hiring a Charlotte Financial Advisor

Before hiring a financial advisor in Charlotte, here are few quick tips to help you find the best advisor for you.

1. Decide Which Services You Need

Before hiring an advisor, determine what services you need from them. Whether it’s full-service investment management, or a plan focused on a specific area of your finances, put together a list of what you’d like help with before contacting an advisor.

Though most people use a financial planner simply to invest for retirement, this is only a small part of what many advisors offer. Here’s a quick rundown of potential services a financial advisor may offer you:

  • Budgeting and money management
  • Debt management
  • Insurance planning
  • Retirement planning
  • Other investment planning
  • Inheritance planning
  • Estate planning
  • Tax planning

As you can see, financial advisors can help you with your entire financial picture, not just investing. As you start to plan for life’s bigger milestones, you should consider finding a financial advisor that specializes in those areas.

Finding the right advisor can help you minimize risk, maximize gains and take advantage of tax breaks while investing for your future. They can also help you protect your assets with the right kinds of insurance, and help you pass on your financial legacy with a proper estate plan.

2. Consider Your Budget and Payment Preferences

Once you have a list of what services you would like, review the fee structures offered by financial advisors. Finding a balance between the services you need and the cost of those services will help you narrow down the field of advisors you may want to work with.

If you are looking for a full-service advisor to manage all of your investments, consider searching among fee-based financial advisors. If you want to manage your money yourself, consider the flat fee and monthly subscription advisors for ongoing support.

For additional information about the cost of a financial advisor, read our article to learn your options:

3. Interview Multiple Financial Advisors

Once you have chosen the services and fee structure you prefer, it’s time to contact a few advisors and interview them. Here are a few questions to ask when interviewing a financial advisor:

  • What services do you provide?
  • What are all the ways you get paid? (fee transparency)
  • What is your investment strategy?
  • How do you measure investment performance?
  • How do we communicate about my plan?

Interview multiple advisors to get a feel for who you want to work with. A combination of fees, services and customer service will help you determine the best fit for your financial advice.

4. Review Financial Advisor Credentials

Once you find an advisor (or two) that you feel comfortable with, it’s always a good practice to check their credentials and the details of their firm. You can do this at the Investment Adviser Public Disclosure (IAPD) website

You can check both the individual and the firm to view their background and experience details, as well as any disciplinary action taken against them or their firm.

As licensed financial professionals, there is oversight into how financial advisors conduct business, so running a quick (free) check on them is recommended.

For additional information about advisor credentials, read our article to learn the most popular designations held by financial advisors, as well as specialized credentials which may be important to consider if you have unique financial planning needs:

As you prepare to interview financial advisors in Charlotte who may be right for you, here are advisors featured on Wealthtender to consider adding to your list.

  • Michael Acosta, CFP, ChFC
  • Emily Rassam, CFP, CRPS, AIFA, NSSA

Michael Acosta, CFP, ChFC (The Dumas Team, Consolidated Planning, Inc.)

We are the Dumas Team, a client relationship group of Consolidated Planning, Inc. We strive to provide comprehensive wealth management services for every stage of your journey. Through a collaborative process, we help maximize the client’s potential for meeting life goals through financial advice that integrates relevant elements of the client’s personal and financial circumstances.

  • Credentials: Certified Financial Planner (CFP), Chartered Financial Consultant (ChFC), Certified College Planning Specialist (CCPS), Certified Student Loan Professional (CSLP)
  • Payment Options: Commissions, Flat Fee, Percentage of Assets Managed, Subscription
  • Advisor Website: thomasjdumas.com
  • Wealthtender Profile: Michael Acosta

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Emily Rassam, CFP, CRPS, AIFA, NSSA (Archer Investment Management)

Emily Rassam is a Senior Financial Planner for Archer Investment Management. She has a true passion for helping clients make sense of their financial lives and develop clear plans to achieve their goals.

  • Credentials: Certified Financial Planner (CFP), Chartered Retirement Plans Specialist (CRPS), Accredited Investment Fiduciary Analyst (AIFA), National Social Security Advisor (NSSA)
  • Payment Options: Fee Only, Percentage of Assets Managed
  • Advisor Website: archerim.com
  • Wealthtender ProfileEmily Rassam

Scroll down to view Charlotte financial advisors featured on Wealthtender, including an interactive map to easily find their office location.

Frequently Asked Questions & Additional Resources
How do I know if I’m ready to hire a financial advisor?

You should strongly consider hiring a financial advisor if you have a significant amount of money available for saving or investing. This could occur after years of making annual contributions to a retirement plan like a 401(k) through your employer, or suddenly if you receive a large inheritance or sell your house for a large profit.

But even if you don’t have a lot of money saved, many financial advisors and planners provide reasonable pricing options and valuable services you should consider, especially if you’re facing a significant life event. For example, if you’re starting a new job, getting married, starting a family, getting divorced, lost your job, starting or selling a business or approaching retirement age, working with a trusted financial advisor or planner may prove worthwhile.

Before I hire a new financial advisor, should I fire my current advisor?

You don’t need to fire your current advisor before beginning your search for a new financial advisor. In fact, your new advisor can help coordinate the transition of your assets from your previous financial advisor.

Where can I read financial advisor reviews written by their clients to help me decide who I will hire?

You can easily find reviews online to help you evaluate doctors and lawyers, but when it comes to choosing a financial advisor, you’re mostly out of luck. In fact, the US government has made it difficult for Americans to evaluate financial advisors based on reviews from their clients dating back to 1961.

Fortunately, a new rule announced on December 22, 2020 by the Securities and Exchange Commission (SEC) effective on May 4, 2021 means both financial advisors and directory websites that help consumers search for a financial advisor will be able to collect and display advisor reviews when the rule takes effect, an important factor worth considering when choosing who you’ll hire to manage your investments and life savings. 

Wealthtender is the first independent advisor review platform designed to be fully compliant with the new SEC rule and we look forward to helping you evaluate financial advisors based on reviews written by their clients beginning in 2021.

I’m a Charlotte financial advisor interested in being featured in this guide. How do I get started?

Thanks for your interest. We look forward to learning more about your practice and helping you attract your ideal clients where you may be a good fit based upon their individual needs and circumstances. Please click here to learn how you can join Charlotte financial advisors featured on Wealthtender.

Please note: Wealthtender may be compensated by financial advisors featured on our site and within this guide. Learn more about how we operate with integrity to earn your trust.

About the Author
Brian Thorp, Founder and CEO of Wealthtender profile picture

About the Author

Brian Thorp

Brian is CEO and founder of Wealthtender. He and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.

With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.

Connect with Brian on LinkedIn

Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals and firms that pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals and firms not featured on Wealthtender. Learn how we operate with integrity to earn your trust.

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