Why should I hire a financial advisor to manage my money?

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

How can I pick a good financial advisor?

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

What's the difference between a financial planner and a financial advisor?

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

How much money should you have before getting a financial advisor?

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

What type of financial advisor do I need?

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

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Find The Best Financial Advisors in Memphis, Tennessee

Memphis, the second largest city in the state of Tennessee, is home to a population of over 630, 000. A city full of history and southern charm, Memphis is the home of many popular landmarks, musical genres, and notable residences that have influenced the United States in multiple regards. Not only is this city historically wealthy, but financially as well. So it would be wise for residents to prioritize their financial strategies. With a cost of living 23% lower than the national average, creating a solid financial plan with the help of a financial advisor would help you take advantage of this low-cost city. If you need a professional financial advisor in the Memphis area for your retirement and investment planning needs, look no further than FinancialAdvisor.net. With around 895 financial advisors to choose from in this city, our mission is to connect you with 1-3 top advisors that meet your specific financial needs.

How To Find The Best Financial Advisors in Memphis, Tennessee
Last Updated - 13-Jun-2023

If you’re looking for qualified financial advisors in Memphis, Tennessee, FinancialAdvisor.net is a useful resource. We've compiled a list of the 0 vetted financial advisors and 49 non-vetted financial advisors in Memphis, Tennessee, along with their fee structure, investment strategies, financial services they provide, and more. These financial advisors in Memphis, Tennessee have an average of 0 years of experience.

If you need more personalized assistance, you may also use our free financial advisor match service to find, compare and connect with 2 to 3 financial advisors matched to your specific needs, who serve in your area.

List of Qualified Financial Advisors in Memphis, Tennessee

Top Financial Advisor Firms in Memphis, Tennessee (Ranked by AUM)

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
FIRST HORIZON ADVISORS, INC 4990 Poplar Avenue, 3rd Floor Memphis, TN, 38117	17117	$12,356,541,464	8945	A percentage of AUM, Fixed fees
GERBER/TAYLOR MANAGEMENT LLC 40 South Main Street, Suite 1900 Memphis, TN, 38103	109319	$10,409,129,905	208	A percentage of AUM, Fixed fees, Performance Based
B. RILEY WEALTH ADVISORS, INC. 40 S. Main St., Suite 1800 Memphis, TN, 38103	115927	$7,645,255,735	20038	A percentage of AUM, Hourly charges, Fixed fees
SOUTHEASTERN ASSET MANAGEMENT INC. 5100 Poplar Ave, Suite 2450, Memphis, TN, 38137-4000	105276	$5,271,901,660	49	A percentage of AUM, Performance Based
HIGHLAND CAPITAL MANAGEMENT, LLC 850 Ridge Lake Blvd, Suite 205 Memphis, TN, 38120	104842	$3,409,849,227	1038	A percentage of AUM, Performance Based, Other (SUBSCRIPTION FEES)
PRINCIPAL STREET PARTNERS, LLC 999 Shady Grove Rd South, Suite 105 Memphis, TN, 38120	285485	$2,872,187,942	724	A percentage of AUM, Fixed fees, Performance Based, Other (12B-1 FEES)
NEWSOUTH CAPITAL MANAGEMENT INC 999 S. Shady Grove Road, Suite 501 Memphis, TN, 38120-4129	110676	$2,618,008,797	175	A percentage of AUM, Performance Based
SENTRY, LLC 555 Perkins Ext, Suite 400 Memphis, TN, 38117	150593	$2,378,668,173	259	A percentage of AUM, Fixed fees, Performance Based, Other (PROJECT FEE BASED)
LEGACY WEALTH MANAGEMENT INC 1715 Aaron Brenner Dr., Suite 301 Memphis, TN, 38120-1443	108619	$2,053,155,411	4258	A percentage of AUM, Fixed fees
NFC INVESTMENTS, LLC 700 Colonial Road, Suite 101 Memphis, TN, 38117	132844	$2,035,919,876	153	A percentage of AUM, Performance Based
CHICKASAW CAPITAL MANAGEMENT, LLC 6075 Poplar Ave Suite 720, Memphis, TN, 38119	127398	$1,971,596,648	438	A percentage of AUM, Commission Based
RED DOOR WEALTH MANAGEMENT, LLC 965 Ridge Lake Blvd, Suite 105 Memphis, TN, 38120	153235	$1,791,409,490	2366	A percentage of AUM, Fixed fees, Performance Based
DELTA ASSET MANAGEMENT, LLC 700 Colonial Rd, Suite 220 Memphis, TN, 38117	113688	$1,381,799,606	1166	A percentage of AUM
STEEL GROVE CAPITAL ADVISORS, LLC 5100 Poplar Avenue, Suite 3100 Memphis, TN, 38137	115231	$1,355,751,329	952	A percentage of AUM, Fixed fees, Performance Based
WADDELL & ASSOCIATES, LLC 5188 Wheelis Drive, Memphis, TN, 38117	283723	$1,343,951,310	2764	A percentage of AUM, Hourly charges, Fixed fees, Other (REVENUE SHARING WITH FRS AND ON ELIBIBLE CREDIT AND CASH MANAGEM)

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