Top Financial Advisors in Virginia Beach, VA

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The Ascent Group (TAG) is a fee-based advisor, meaning some advisors at the firm earn commissions for selling insurance or securities. This is a conflict of interest, but advisors are still required to act in the best interest of the client when serving as an advisor.

Most of the clients of the firm are individuals, with the vast majority not having a high net wealth. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

Financial planning and consulting fees are charged hourly or on a fixed basis, while investment management fees are charged a percentage of assets under management. The minimum account size depends on the services used.

The Ascent Group Background

TAG was founded in 2021 and is owned by Alera Group Inc.

Services offered at TAG include financial planning, consulting services, retirement planning, portfolio review, estate planning, investment management and wealth management.

The Ascent Group Investment Strategy

Nearly two-thirds of the firm’s investments are in individual stocks, while just less than one-third are in mutual funds. The rest is split between cash holdings and bonds.

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Financial Security Advisory is a fee-based firm. Its advisory team holds multiple certifications, including certified financial planner (CFP), chartered financial analyst (CFA) and chartered financial consultant (ChFC), among others.

While there isn’t an asset minimum requirement, clients are subject to a $1,200 minimum annual fee.

The firm's clients are primarily individuals who don't have a high net worth. It also serves high-net-worth individuals, pension and profit-sharing plans, charities and corporations or business entities.

Some of the advisors who work here can receive commissions for insurance sales. Despite this, the firm is legally required to act in clients' best interests due to its fiduciary duty.

Financial Security Advisory Background

Financial Security Advisory was established in 1997.

Clients can choose from financial planning and investment strategies. 

Financial Security Advisory Investment Strategy

Similar to many financial advisor firms, Financial Security Advisory believes in asset allocation as a bedrock of its investment strategy.

Advisors try to find the right mix of securities, fixed income and cash to suit a client's investment objectives, risk tolerance, time horizon and cash flow needs.

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Compton Wealth Advisory Group's team of advisors holds multiple certifications, including chartered retirement planning counselor (CRPC), certified financial planner (CFP) and certified public accountant (CPA).

Compton provides investment management services to both non-high-net-worth and high-net-worth individuals, as well as charities and corporations.

While the firm does not impose a minimum account size requirement, third-party investment managers may impose their own requirements.

In addition to the fees it charges clients, certain employees of the firm may also earn commissions in their roles as licensed insurance agents. While this presents a potential conflict of interest, clients are allowed to purchase recommended insurance products elsewhere. Moreover, the firm is bound by fiduciary duty to put clients' best interests before its own.

Compton Wealth Advisory Group Background

Compton Wealth Advisory Group was founded in 2009. Mark Compton, managing member at Compton, wholly owns the firm.

Services offered by the firm include financial planning and investment advisory and management services. Financial planning services cover topics including retirement, education funding, insurance and estate planning.

Compton Wealth Advisory Group Investment Process

Compton Wealth Advisory Group starts the process by holding an initial meeting with each prospective client. During this meeting, the firm explains its services and both its own responsibilities and those of client. If both parties decide to proceed, the firm will then learn more about the client's financial situation and help the client to define his or her goals, objectives and risk tolerance. This will include retirement goals, income needs, education funding, family legacy or estate planning, charitable gifting, tax considerations and risk tolerance.

Compton will then determine appropriate investment strategies based on the above information. Once it has the client's approval, it will implement its plan. The firm meets regularly with clients to discuss progress and also provides quarterly account statements through Schwab.

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Beacon Harbor Wealth Advisors works almost exclusively with individuals, and most of those individuals do not have a high net worth. It also works with charities and businesses.

The firm has a $250,000 minimum account size requirement, but Beacon Harbor says it can accept clients under that requirement.

Beacon Harbor is a fee-only firm. Despite having some insurance affiliations, advisors who sell insurance do not receive commissions. As a result, the firm is not fee-based because it doesn't receive any third-party commissions, instead receiving advisory fees directly from clients for services rendered.

Beacon Harbor Wealth Advisors Background

Beacon Harbor Wealth Advisors was founded quite recently in 2018. The firm is co-owned by Jeremy W. Ingram and George G. MacDonald, Jr.

Beacon Harbor provides its clients with investment management and financial planning services. Its financial planning services include a wide range of focuses, including:

• Business planning
• Cash flow and debt management
• College savings
• Employee benefits optimization
• Estate planning
• Financial goals
• Insurance
• Investment analysis
• Retirement planning
• Risk management
• Tax planning strategies

Beacon Harbor Wealth Advisors Investment Strategy

Beacon Harbor, like many other firms, tailors its investment strategies based on each of its clients. Advisors work with clients to determine an overall financial profil, taking into account risk tolerance, financial goals, investment history, time horizon and any other relevant information.

Advisors at Beacon Harbor use fundamental, technical, charting and cyclical analysis to help inform their investment decisions. They also use a combination of active and passive management techniques. The firm may also use unaffiliated investment managers to help build client portfolios. 

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Virginia Wealth Management Group works with both non-high-net-worth and high-net-worth individual clients, as well as charities and corporations.

Virginia Wealth Management Group is a fee-only firm, so advisors don't earn commissions that could be considered a conflict of interest. There is no set account minimum for opening an account with the firm.

Virginia Wealth Management Group Background

Founded in 2020, Virginia Wealth Management Group is an SEC-registered investment advisor. Stephen Saal and Scott Saal are the firm's owners.

Virginia Wealth Management Group works with clients to provide individualized investment management services, and they take particular pride in their individualized approach.

Virginia Wealth Management Group Investment Strategy

Virginia Wealth Management Group is steadfast in its belief that providing a tailored approach for every client based on their financial situation is the key to success. Advisors work one-on-one with clients to determine their overall financial situation and then use that information to guide the financial advisory process. 

When it comes to populating client portfolios, advisors typically use a mix of equities, debt, exchange-traded funds (ETFs) and mutual funds. Strategies are always designed to be risk appropriate, cost effective and tax efficient.

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Monaco Capital Management works with individual clients who mostly do not have a high net worth. However, a bigger part of the firm's individual assets come from high-net-worth clients.

In terms of institutional clients, the firm also works with pensions, charities and other businesses.

Monaco imposes a $100,000 account minimum.

As a fee-based firm, its advisors may receive commissions from the sale of financial products. This is a potential conflict of interest. However, the firm is a fiduciary. This makes it legally obligated to act in the best interests of clients at all times.

Monaco Capital Management Background

Monaco Capital Management was founded in 2003. The firm's brochure says that it is owned by Freedom Street Partners LLC, which is primarily owned by Scott W. Danner and Andrew C. Gregory.

Monaco Capital Management provides clients with asset management services and financial planning on a range of topics. They may also provide tax preparation services.

Monaco Capital Management Investment Strategy

Monaco Capital Management, like many other financial advisory firms, tailors its advisory services to the needs of its clients. This process involves gathering information on a client's risk tolerance, financial situation and investment objectives and then using that information to craft an individualized investment plan.

Advisor primarily use equities, bonds, mutual funds and exchange-traded funds (ETFs) to populate client portfolios. They may use fundamental and technical methods of analysis.

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Wealthtrak Capital Management, which does business as Wealthtrak Advisors, is a fee-based advisory firm that serves both high-net-worth individuals and non-high-net-worth individuals, as well as charities and businesses.

Clients are charged a percentage of assets under management, which can range from 0.45% to 1.95% annually.

As a fee-based firm, certain advisors at Wealthtrak Advisors can sell financial products on a commission basis. While this presents a potential conflict of interest, the firm’s fiduciary duty requires them to act in the clients’ best interests.

Wealthtrak Advisors Background

Headquartered in Virginia Beach, Wealthtrak Advisors is registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor.

The firm has been providing investment advisory services since 2012. R. Chris Whited and Tracy W. Whited are the firm’s principal owners.

Today, Wealthtrak Advisors offers clients a variety of services, including:

• Portfolio Management Services
• Financial Planning Services
• Advisory Consulting Services
• Selection of Other Advisers
• Sub-advisory Services
• Pension Consulting

Wealthtrak Advisors Investment Strategy

As with other firms, Wealthtrak Advisors says that it makes financial recommendations based on a client’s objectives, risk tolerance and time horizon, among other considerations.

Investments commonly used by Wealthtrak Advisors include individual stocks, bonds, mutual funds and exchange traded funds (ETFs), among other investments.