Find a financial advisor in Newport News, VA

Find financial advisors in Newport News, VA

Find financial advisors in Newport News, VA

Share a few details and we'll show you the best financial advisors in your area.
Zip code

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Find financial advisors in Newport News, VA

Share a few details and we'll show you the best financial advisors in your area.
Zip code

Service type

Top 10 financial advisors in Newport News, VA

Clients agree: these Newport News financial advisors are highly rated for knowledge, experience, communication, and more.
ML Brewer CPA PC

ML Brewer CPA PC

5.0(1)
Offers online services
2 hires on Thervo
36+ years in business
Serves Newport News, VA
Josephine B. says, " I had Mary Leigh Brewer prepare my income tax returns last year and they did a great job. There were things I did not understand and they were very helpful in explaining each new item and how my taxes were calculated. I highly recommend their service." Read more
Solution Solvers, LLC

Solution Solvers, LLC

5.0(1)
Offers online services
1 hire on Thervo
10+ years in business
Serves Newport News, VA
Sharon K T. says, "She is personable and follow-ups" Read more
Diamond Tax Services

Diamond Tax Services

4.7(3)
Offers online services
4 hires on Thervo
30+ years in business
Serves Newport News, VA
Joe K O. says, "Very professional " Read more
PDG Tax Services & Bookkeeping LLC

PDG Tax Services & Bookkeeping LLC

4.8(4)
Offers online services
24+ years in business
Serves Newport News, VA
Ashley T. says, "Amazing she was professional and kind. She made sure she didn't leave until the task was complete. I would definitely recommend her." Read more
Dominion Financial Partners, LLC

Dominion Financial Partners, LLC

New on Thervo
Offers online services
23+ years in business
Serves Newport News, VA
I listen to my clients needs, concerns and goals and design a plan that addresses where they want to be. I have been in the financial services business for over 30 years. I have a fiduciary responsibility to my clients as I am a CFP. Certified Financial Planner. I also have the following professional degrees, ChFC, CLU, CRPS, and AEP. Please visit my website www.dominionfinancialpartners.com. When I see my client has achieved peace of mind about their planning....
MLR Tax & Financial Services, LLC

MLR Tax & Financial Services, LLC

New on Thervo
Offers online services
5+ years in business
Serves Newport News, VA
Are you looking for a trusted tax professional? -MLR offers refund advances up to $6,000 -MLR offers direct deposit for your convenience -MLR offers Fast & Accurate filing -MLR offers a secured Mobile app for your convenience -MLR offers a Transparent, Honest, Personable and Professional experience Text “TAX” to (757) 880-3813 With MLR you will receive a friendly, transparent and personable experience. Educating clients through financial literacy is the goal to achieve the guaranteed maximum refund allowed by the IRS. No situation is too complex for a business that is dedicated to their clients. We take pride and joy in working with you. Text

Your Personal Financial Planning questions, answered

Answers to commonly asked questions from the experts on Thervo.

How much do financial planners charge?

Financial planners charge a flat fee or an hourly rate for their services. A fee-only financial planner charges a flat fee for services ranging from $1,000 to $10,000 to develop a comprehensive financial plan.

A financial planner's hourly rates range from $200 to $400 per hour, depending on the advisor's experience. The larger and more complex your portfolio, the more time the financial planner will spend helping you develop a financial plan.

In contrast, financial advisors commonly charge a percentage of the assets under management (AUM). The standard fee for financial advisors is .0.25% to 1% of AUM, so for investors with $100,000 in assets, the annual fees would be $1,000. Some financial advisors serve only wealthy clients and set a minimum size for investment accounts. However, the more money the advisors manage, the lower the percentage fee they will charge.

What is a financial planner?

A financial planner helps to create a long-term financial plan for your wealth. Financial planners may sell commission-based products like life insurance, but their primary focus is helping you manage your finances including creating a budget, saving for emergencies, building college funds for your children, retirement planning, and estate planning.

A financial advisor is different from a financial planner in that their main purpose is to offer guidance and advice on financial matters like investments. They help you make informed decisions to build wealth and achieve your financial goals.

Are financial planners worth the cost?

A financial planner is worth the cost, especially if you have debt to consolidate or need help reaching your financial goals. Working with a financial planner can help you grow your wealth, manage your assets, and plan for retirement. They provide the expertise to make sound financial decisions while saving you time on researching financial investments and savings accounts. Employing a financial planner gives you peace of mind that you are making responsible financial decisions and have a plan for the future.

If you are considering working with a financial planner, be sure to:

  • Ask about all of the fees associated with the services you are interested in.
  • Make sure the financial planner you choose is a fiduciary. These financial planners have a fiduciary duty or legal obligation to act in your best interest, rather than looking for investments that pay the highest commissions.
  • Only agree to financial investments or products when you understand the risk and potential benefits.

How much money should I have before hiring a financial planner?

There is no minimum amount of money you should have before hiring a financial planner. Some financial planners have minimum account balance requirements, which can range from $50,000 to $1 million or more. If you have less than the minimum account balance, you may still be able to find a financial planner willing to work with you if you pay a higher fee.

Online financial planners are often more affordable than traditional financial planners and may not have minimum account balance requirements. Online planners can be accessed from anywhere with an internet connection, giving you the flexibility to work with an advisor on your schedule. These companies also have access to a wider range of expertise, employing a network of advisors with different specialties able to create a personalized financial plan tailored to your specific needs and goals.

How do I choose a financial planner?

Choosing a financial planner is a major life decision that can help you achieve your financial and retirement goals. Do not settle for a planner based on their price or location. Instead, do your research and find a planner that specializes in the services you need. If debt consolidation is an issue, find a planner that can help you reduce your debt while still building your savings. If you want to retire early, find a planner that can help you invest in products to help you reach your goals sooner.

Here are some tips to help you find the best financial planner for you:

  • Do your research by reading reviews, comparing fees, and learning about the different planning services available.
  • Interview several advisors in person to be sure you are comfortable with their personality and philosophy.
  • Make sure the planner is a fiduciary that will act in your best interests.
  • Ask about their fee structure and make sure the "all-in" costs fit your budget.
  • Get everything in writing including the services they provide, how they will be compensated, and any extra fees you should expect.
  • Be prepared to ask questions about their approach to financial planning and how they will handle your specific situation.

What questions should I ask a financial planner?

Before committing to a financial planner, make sure you are hiring the best person for you and your financial situation. Schedule interviews with several potential advisors and ask these important questions:

  • Are you a fiduciary?
  • What is your fee structure?
  • What additional fees should I expect?
  • What are your qualifications?
  • How often will we meet?
  • Will you be available for phone calls or emails outside of scheduled appointments?
  • What is your investment philosophy?
  • Will you help me invest in ethically responsible companies?

Reviews for Newport News financial advisors

Recent success stories from people in the Newport News area.
Gilbert P.
Met with Cathy for first time and we planned out how she would prepare my taxes for the first time. She seemed very friendly and competent.
Diamond Tax Services
Donna J.
The fact she isn’t afraid to take charge, he willingness to teach and most important the fact when you sit in her chair your family and she takes the tax stress away
PDG Tax Services & Bookkeeping LLC
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Newport News financial advisors by service