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Providers
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- Chartered Financial Analyst (CFA)
- Financial Planning
- Investment Management
- Wealth Management
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Why choose this provider?
Inspire is a boutique financial planning and wealth management firm serving clients in Wilmington, Raleigh, and Charlotte. It aims to preserve and grow customers' wealth and create a significant impact on the financial prosperity of current and future generations by offering investment, cash flow, and real estate planning services. To provide clients access to institutional-grade investments, Inspire has partnered with Charles Schwab and The Vanguard Group. Its founder and CEO, Jeff Headrick, has over two decades of experience serving investors.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
- Responsiveness
- Friendliness
- Helpfulness
- Detail
Price: Consultations are free. Call or message us today to speak with an advisor
FEATURED
Free Consultation
SmartAdvisor by SmartAsset
- Estate Planning
- Financial Planning
- Investment Management
- Retirement Planning
Why choose this provider?
SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
- Responsiveness
- Friendliness
- Helpfulness
- Detail
- ––
Price: Free Consultation
- Certified Financial Planner (CFP)
Why choose this provider?
Brenneman Independent Planning is a boutique financial advisory company that serves clients in Wilmington and the surrounding metro areas. The firm caters to the financial needs of individuals who are retired or are approaching retirement and businesses owners. Its financial advisors guide clients in developing well-informed retirement and business planning strategies that involve investments, insurance, tax, estate, and financial planning. Matthew Brenneman, the company's founder, is a Certified Financial Planner who opened his independent firm in 2012.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
- 5.0 / 5 (1)
- Certified Financial Planner (CFP)
Why choose this provider?
Mansonboro Advisors is a financial planning firm that serves clients in Wilmington. It helps clients in achieving their financial objectives through investment management, tax planning, and retirement planning services. Its financial planning team is composed of John Glasgow, Alex Hargrove, A. Ryan Burton, and Ramona Whiteside, who have more than 90 years of combined industry experience. They examine clients' risk tolerance, timetables, and financial objectives when creating a program that balances investment strategies and capital preservation.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
- Responsiveness
- Friendliness
- Helpfulness
- Detail
- Wealth Management
Why choose this provider?
Ascendor Wealth LLC is a wealth management firm that serves the residents of Wilmington and the surrounding areas. It provides various financial planning solutions, including cash management, income tax planning, estate planning, retirement planning, and insurance strategies. It also advises clients on their investment portfolios, which may include stocks, bonds, mutual funds, private equity, and alternative assets. Founding partner Rick Graves has been working in the industry for over two decades. He is a practicing attorney and Certified Financial Planner.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
- 5.0 / 5 (1)
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
- Responsiveness
- Friendliness
- Helpfulness
- Detail
- Finance Planning
Why choose this provider?
Since 2011, Tilia Fiduciary Partners, Inc., has been serving individuals, families, small business owners, and charities throughout Wilmington. It helps clients protect their wealth and secure their future by providing them with a wide range of services, including investment planning, portfolio management, and retirement plan consulting. Its professionals analyze customers' specific situations and create an investment plan that matches their needs and financial goals. John Nesselroade, one of the company's managing directors, carries over 10 years of experience in business development and global marketing.
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
- Responsiveness
- Friendliness
- Helpfulness
- Detail
- Certified Financial Planner (CFP)
- Retirement Planning
- Financial Planning
Why choose this provider?
Pathfinder Wealth Consulting is a financial advisory company based in Wilmington that commits to being its clients’ accountability partner. The fiduciary firm offers financial planning, investing, insurance, retirement, legacy, and business planning services. It guides clients through a process to create a comprehensive plan, from asset accumulation and growth to succession and legacy planning. The firm’s president, Robert Penn Jr., is a CFP and a Chartered Retirement Plans Specialist, while the CEO, Jason Wheeler, is also a CFP and has an Accredited Investment Fiduciary designation.
Reputation:
We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
- 5.0 / 5 (3)
Professionalism:
We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
- Responsiveness
- Friendliness
- Helpfulness
- Detail
Frequently Asked Questions
Introduction
There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certificationsthat financial advisors can obtain.
- Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
- A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
- A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
- An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.
What are the requirements to become an Investment Adviser Representative in Wilmington?
In Wilmington, individuals aspiring to be Investment Adviser Representatives must undergo a licensing and registration process. This begins with registration via the Financial Industry Regulatory Authority's Investment Advisor Registration Depository system, facilitated by the individual's firm. They must also pass the North American Securities Administrators Association Series 65 exam or a combination of Series 7 and Series 66 exams administered through FINRA.
What are the requirements to start an investment advisory firm in Wilmington?
To set up an investment advisory firm in Wilmington, specific state-directed RIA registration criteria must be met. These apply if the firm is overseeing assets under $100 million, catering to over five clients, or actively marketing in North Carolina. Moreover, RIAs with discretion or custody of client funds should present a balance sheet and submit Form U-4 and ADV Part 2B. These rules are vital for firms to understand to operate legally.
What are the benefits for individuals in Wilmington of transferring their 401(k) to an IRA?
For individuals in Wilmington considering a retirement plan transition, shifting from a 401(k) to an Individual Retirement Account comes with compelling benefits. An IRA unlocks a broader array of investment options beyond just mutual funds. It generally has lower management and administrative costs, thereby preserving more of your retirement savings. Additionally, IRA regulations, as laid out by the IRS, are less complicated and more widely applicable than 401(k) rules. This includes a customizable tax withholding feature, offering more financial control.
How can a Health Savings Account benefit Wilmington residents with high-deductible health plans?
A Health Savings Account in Wilmington provides substantial financial advantages to those with high-deductible health coverage. This type of account allows for total tax deductions, amasses interest without taxation, and offers penalty-free withdrawals for eligible medical, dental, vision, and prescription costs. As a result, individuals realize not only immediate savings but also long-term fiscal benefits. Notably, these benefits apply to those not claimed as dependents or enrolled in Medicare.
What are the tax implications for traditional Individual Retirement Account holders in Wilmington when withdrawing their earnings?
Traditional IRA holders in Wilmington experience tax deferrals on earnings, meaning they are only taxed once withdrawn. However, any withdrawal before age 59 ½ is subject to a 10% premature distribution penalty. Once they reach the age of 72, they are required to initiate mandatory distributions by April 1st of the succeeding year, or else they may face penalties.
Are financial advisors worth it?
Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.
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