How do I choose a financial planner for retirement?

Finding the right person or a financial advisory firm to help with your retirement planning might take some effort, but the effort is worth it. Financial advisors might have different specializations, look for one who has had past experience in retirement planning. Also, this could translate to a long - term relationship, so it's important to find someone whom you like, trust and respect

How do I know if my financial advisor is a fiduciary?

A fiduciary is any person or firm who acts on behalf of another individual or firm to manage their assets. Fiduciary financial advisors provide their client the highest quality of care while maintaining 'good faith', meaning they wouldn't act in favor of anyone else's interests, including their own. The best way to be certain that a financial advisor is a fiduciary is to simply ask.

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Find Top Financial Advisors in Salem, Virginia

Q: What does a financial advisor do?

Financial advisors help their client by providing financial advice and strategy to build wealth and eliminate risk. They assess the client's risk appetite, their unique needs and requirements, their short-term and long-term goals and guide them towards adopting the right financial plan, retirement plan, estate plan or education plan etc. as necessary. Learn more about the roles & benefits of a financial advisor.

Q: Is it worth paying for a financial advisor?

Financial advisors strategize financial planning and help you make the right decision about your investments. They weigh the pros and cons, and are breast with the latest industry updates regarding tax issues and investment vehicles. These valuable insights guide you to make investments that meet your financial requirements and goals such as buying a house, education, having a baby or securing your retirement.

Q: What is the difference between a financial planner and a financial advisor?

A financial advisor is any person who helps their client manage their money by giving valuable investment insights to help financial decision making. A financial planner is also a financial advisor but specializes in creating comprehensive plans for their clients to match their specific goals

Q: When should I hire a financial advisor?

A financial advisor can help you manage your finances especially when you don't have the time to do it yourself or when there are major changes in your life, such as getting married or having a baby. Even if you've managed your investment on your own, the best financial planners can vet your plan and assess it from a different perspective, to add surety to your decisions.

Q: How do I choose the right financial advisor?

While choosing a financial planner to help you with your investment decisions, it's important to do some spadework. Meet different consultants and compare and contrast their advice. Pick up clues that demonstrate their experience and integrity. It is also important to verify the credentials of an independent financial planner before making a decision.

Looking for a financial advisor? Look no further than WiserAdvisor. It is an excellent place to start your search to compare pre-screened and trustworthy financial advisors and firms to find the one that meets your needs. It is important for those who want to make informed decisions about their finances to consider working with a financial advisor, as seeking assistance from a skilled professional can provide you with insights that can greatly impact your financial journey. On our directory for Salem, Virginia, you can find a vetted financial professional proficient in services including financial planning, investment management, and more. We also recommend using our free advisor match tool to compare up to 3 financial advisors matched to your specific needs.

How To Find Trusted Financial Advisors in Salem, Virginia

Each and every financial advisor in our network from large Fortune 500 companies to small independent financial firms are pre-screened for industry experience, disclosures and registrations with SEC and FINRA. Collectively, our Pre-Screened advisors, serve thousands of happy clients, managing billions of dollars and providing financial freedom and security for families and individuals like you.

Qualified Financial Advisors in Salem, Virginia

VETTED

Financial Advisor	Experience	AUM	Minimum Assets	Fee Structure
Miguel "Mike" MoralesCEPA^®, CFP^®, CPFANationwide Planning Associates, Inc1327 Grandin Rd SWRoanoke, VA 24015	Not Disclosed	Not Specified	$0	Fee-Based

Financial Advisor

Miguel "Mike" MoralesCEPA^®, CFP^®, CPFANationwide Planning Associates, Inc1327 Grandin Rd SWRoanoke, VA 24015

ExperienceNot Disclosed

AUMNot Specified

Minimum Assets$0

Fee StructureFee-Based

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Information on Qualified Financial Advisors in Salem, Virginia

VETTED

Miguel "Mike" MoralesCEPA^®, CFP^®, CPFA

Nationwide Planning Associates, Inc

About Miguel "Mike" Morales

Miguel Morales-Corujo, J.D., CFP®, CPFA® is a multi-disciplinary financial advisor with deep expertise in economics, law, and risk management. With a career spanning banking, investments, insurance, and law, Miguel brings a comprehensive perspective to wealth planning for: - Successful individuals and families (net worth $500K+), with a focus on empowering minority communities. - Middle-market, family-owned businesses, guiding them through succession planning and legacy preservation. - Global citizens with multiple citizenships, navigating complex cross-border financial and estate planning. Miguel began his journey in Puerto Rico, inspired by his grandfathers legacy in financial education. After earning his B.S. in Business Economics from Syracuse University, he joined the family business. Following a life-changing accident, he pursued legal studies, earning his Juris Doctor from InterAmerican University of Puerto Rico and gaining admission to the Pennsylvania Bar. His experience includes advising affluent clients at one of the nations top banks, providing him with a well-rounded understanding of the financial services industry across all three pillars, banking, investments, and insurance. As a Certified Financial Planner (CFP®) professional and Certified Plan Fiduciary Advisor (CPFA®), Miguel helps clients through integrated planning that is designed to reduce complexity, minimize risk, build wealth, and improve tax efficiency. Now based in Roanoke, Virginia, Miguel serves clients across the East Coast from New York to Florida, with a mission to help them reduce risk, improve tax efficiency, and build lasting wealth.

About Nationwide Planning Associates, Inc

At Nationwide Planning, our mission is to maximize your satisfaction and help you succeed. While we believe in the power of independence, we also know that you don't want to feel like you're on your own. So we have two simple, yet important goals:

To provide you with the broadest range of products, tools and services necessary to serve your clients' financial planning needs.

To help you grow your practice-every year.

Advisory Services Provided

Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities

Qualifications

CRD# 5896066 Firm CRD# 31029Series 7, 66

Compensation/Fee

Fee-Based, Commissions, Flat Fee, Based on Assets

Office Location

1327 Grandin Rd SW,Roanoke,VA 24015

Phone Number

540-443-3001

WiserAdvisor Reviews

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FINRA/SEC Registered Advisors

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Top Financial Advisory Firms in Salem, Virginia

Salem, Virginia is home to several reputable financial advisory firms specializing in multiple advisory services such as investment management, retirement planning, estate planning, tax strategies, and risk management.

Most firms in Salem, Virginia are registered with the SEC and follow a fiduciary standard. This means that they are legally obligated to act in the best interest of their clients. Being part of one of the largest and most diverse financial advisory markets in the country, the firms are well-versed in serving individuals and businesses with complex financial needs.

Methodology

To identify the top financial advisors and advisory firms in Salem, Virginia, all SEC-registered firms based in the city were first identified. Each firm was subsequently assessed based on the number of clients and affiliated advisors, AUM, fee structure, and the range of advisory services they provide. The associated advisors and firms were then ranked according to the following criteria:

AUM:Firms are ranked based on the size of their AUM, with those having larger AUMs being ranked higher.

Number of Clients:Firms catering primarily to individual clients were ranked higher.

Fee Structure:Firms employing a fee-only compensation structure are ranked higher.

Age of Firm:Established firms with proven longevity are ranked higher.

Clients per Advisor:Firms having a lower client-to-advisor ratio are ranked higher.

Advisory Services Offered:Firms offering a broad range of advisory services are ranked higher.

Please note: All information is sourced from publicly available records and updated once a year, ensuring any changes in credentials, services, or regulatory status are reflected and up to date. Firms are selected and ranked independently, according to the criteria described above.

WiserAdvisor features the firms listed above in the 'Top Advisory Firms' section based on objective criteria, without any influence from existing affiliations. No firm receives preferential treatment due to any relationship with WiserAdvisor.


SANDS CAPITAL MANAGEMENT, LLCArlington, VA	181	354	$45,003,485,534	A percentage of AUM, Performance Based
INVESTURE, LLCCharlottesville, VA	47	53	$32,231,415,180	A percentage of AUM, Performance Based
STRATEGIC INVESTMENT MANAGEMENT, LLCArlington, VA	99	84	$26,988,658,396	A percentage of AUM, Fixed fees, Performance Based
VEST FINANCIAL LLCMclean, VA	27	94	$24,381,015,458	A percentage of AUM
THOMPSON SIEGEL & WALMSLEY LLCRichmond, VA	68	4775	$20,812,400,000	A percentage of AUM, Performance Based
CORNERSTONE PARTNERSCharlottesville, VA	30	22	$20,033,497,535	A percentage of AUM, Performance Based
DAVENPORT & COMPANY LLCRichmond, VA	494	20878	$19,332,677,961	A percentage of AUM, Hourly charges, Fixed fees, Commission Based, Performance Based, Other (12B-1 FEES AND/OR SHAREHOLDER SERVICING FEES)
THE LONDON COMPANY OF VIRGINIARichmond, VA	53	7987	$15,615,206,587	A percentage of AUM, Performance Based
AKRE CAPITAL MANAGEMENT, LLCMiddleburg, VA	12	268	$14,784,344,321	A percentage of AUM, Performance Based
MASON INVESTMENT ADVISORY SERVICES INCReston, VA	79	1027	$12,155,269,613	A percentage of AUM, Fixed fees
AGINCOURT CAPITAL MANAGEMENT, LLCRichmond, VA	17	396	$8,988,905,427	A percentage of AUM, Performance Based
HOMESTEAD ADVISERS CORP.Arlington, VA	41	20	$7,208,407,391	A percentage of AUM, Other (COST REIMBURSABLE.)
CARY STREET PARTNERSRichmond, VA	144	12547	$6,977,336,124	A percentage of AUM, Hourly charges, Fixed fees, Other (REVENUE SHARING WITH CERTAIN THIRD PARTIES)
BROWN ADVISORYNorfolk, VA	40	1767	$6,878,164,648	A percentage of AUM, Fixed fees, Performance Based
EJF CAPITAL LLCArlington, VA	46	236	$6,809,997,877	A percentage of AUM, Performance Based, Other (PLATFORM FEES)

Firm Name

SANDS CAPITAL MANAGEMENT, LLCArlington, VA

No. of Advisors181

AUM$45,003,485,534

No. of Clients354

Fee StructureA percentage of AUM, Performance Based

Firm Name

INVESTURE, LLCCharlottesville, VA

No. of Advisors47

AUM$32,231,415,180

No. of Clients53

Fee StructureA percentage of AUM, Performance Based

Firm Name

STRATEGIC INVESTMENT MANAGEMENT, LLCArlington, VA

No. of Advisors99

AUM$26,988,658,396

No. of Clients84

Fee StructureA percentage of AUM, Fixed fees, Performance Based

Firm Name

VEST FINANCIAL LLCMclean, VA

No. of Advisors27

AUM$24,381,015,458

No. of Clients94

Fee StructureA percentage of AUM

Firm Name

THOMPSON SIEGEL & WALMSLEY LLCRichmond, VA

No. of Advisors68

AUM$20,812,400,000

No. of Clients4775

Fee StructureA percentage of AUM, Performance Based

Firm Name

CORNERSTONE PARTNERSCharlottesville, VA

No. of Advisors30

AUM$20,033,497,535

No. of Clients22

Fee StructureA percentage of AUM, Performance Based

Firm Name

DAVENPORT & COMPANY LLCRichmond, VA

No. of Advisors494

AUM$19,332,677,961

No. of Clients20878

Fee StructureA percentage of AUM, Hourly charges, Fixed fees, Commission Based, Performance Based, Other (12B-1 FEES AND/OR SHAREHOLDER SERVICING FEES)

Firm Name

THE LONDON COMPANY OF VIRGINIARichmond, VA

No. of Advisors53

AUM$15,615,206,587

No. of Clients7987

Fee StructureA percentage of AUM, Performance Based

Firm Name

AKRE CAPITAL MANAGEMENT, LLCMiddleburg, VA

No. of Advisors12

AUM$14,784,344,321

No. of Clients268

Fee StructureA percentage of AUM, Performance Based

Firm Name

MASON INVESTMENT ADVISORY SERVICES INCReston, VA

No. of Advisors79

AUM$12,155,269,613

No. of Clients1027

Fee StructureA percentage of AUM, Fixed fees

Firm Name

AGINCOURT CAPITAL MANAGEMENT, LLCRichmond, VA

No. of Advisors17

AUM$8,988,905,427

No. of Clients396

Fee StructureA percentage of AUM, Performance Based

Firm Name

HOMESTEAD ADVISERS CORP.Arlington, VA

No. of Advisors41

AUM$7,208,407,391

No. of Clients20

Fee StructureA percentage of AUM, Other (COST REIMBURSABLE.)

Firm Name

CARY STREET PARTNERSRichmond, VA

No. of Advisors144

AUM$6,977,336,124

No. of Clients12547

Fee StructureA percentage of AUM, Hourly charges, Fixed fees, Other (REVENUE SHARING WITH CERTAIN THIRD PARTIES)

Firm Name

BROWN ADVISORYNorfolk, VA

No. of Advisors40

AUM$6,878,164,648

No. of Clients1767

Fee StructureA percentage of AUM, Fixed fees, Performance Based

Firm Name

EJF CAPITAL LLCArlington, VA

No. of Advisors46

AUM$6,809,997,877

No. of Clients236

Fee StructureA percentage of AUM, Performance Based, Other (PLATFORM FEES)

Frequently Asked Questions

What does a financial advisor do?

Is it worth paying for a financial advisor?

What is the difference between a financial planner and a financial advisor?

When should I hire a financial advisor?

How do I choose the right financial advisor?