Best Financial Advisors in Charlottesville

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.5/5.0
Average Rating

Charlottesville Financial Landscape

Charlottesville's economy is diverse, with a strong focus on education, healthcare, and tourism. The city benefits from its proximity to major universities and a growing tech sector.

Major industries
Education, Healthcare, Tourism
Population
44.3K (metro: 443.5K)
Median household income
$65,000
Unique needs
Charlottesville requires tailored financial advice due to its unique blend of education and tourism-driven economy.
Market Insights
Economic Growth
According to BEA (2023), Charlottesville's economy has shown steady growth, primarily driven by education and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Charlottesville is $65,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Charlottesville are increasingly focusing on education and healthcare sectors.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Charlottesville is slightly above the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the real estate market in Charlottesville is competitive, with home prices increasing due to demand.
Business Environment
According to Fortune (2024), Charlottesville's business climate is favorable, with support for startups and established businesses alike.

Top 5 Financial Advisors in Charlottesville

Lohr & Company
★ ★ ★ ★ ★ 5
Morris & Wells Wealth Management
★ ★ ★ ★ ★ 5
Wilkinson Wealth Management, LLC
★ ★ ★ ★ ★ 5
OakHeart Financial Group - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Woods and Waters Financial Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Charlottesville, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Charlottesville-Specific Expertise
For Charlottesville residents working in Education, Healthcare, Tourism, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Charlottesville's reliance on education and tourism poses economic risks. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and diversify investments.

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