Top Financial Advisors & Wealth Managers in Lexington & Louisville, KY for 2022-2023
When it comes to saving for retirement or investing your assets wisely, a top wealth manager in Kentucky can help you make better financial decisions. The right advice can mean the difference between being able to live comfortably or just trying to keep your head above water.
Oftentimes, people think they don’t have enough assets to warrant working with a financial advisor. And while some advisors in Lexington or Louisville, KY do work only with affluent clientele, others enjoy working with investors at all wealth levels.
The point is to not count yourself out of the benefits that financial experts can provide when it comes to saving for a child’s education or putting together a plan to play off debt and grow your savings.
Financial planning firms in Kentucky have years of experience working with investors of all types, and once you find the right one, it can make all the difference for your financial future.
Award Emblem: 9 Best Financial Advisors in Lexington & Louisville, Kentucky
So how do you find the right financial advisory firm in Louisville or Lexington, KY to work with?
When selecting a financial advisor, you’ll want to make sure they have the expertise, transparency, values, and services to match your unique financial needs. You’ll also want to ensure they have a good reputation in the community.
For Kentucky residents, we’ve compiled a list of the best investment firms and top financial planners in Lexington, KY, and Louisville, KY to help put you on the right path toward finding that perfect match and achieving your financial goals.
9 Best Louisville & Lexington Wealth Management Firms | Brief Comparison & Ranking
| Best Lexington & Louisville Financial Advisors | 2022-2023 Ratings |
| ARGI Financial Group | 5 |
| Coats Financial Planning | 5 |
| Dupree Financial Group | 5 |
| Edelman Financial Engines | 5 |
| Meridian Wealth Management, LLC | 5 |
| Moneywatch Advisors | 5 |
| Stegner Investment Associates, Inc. | 5 |
| Townsend Financial Planning | 5 |
| Wrenne Financial Planning | 5 |
Table: 9 Best Lexington & Louisville Financial Advisors | Above list is sorted by rating
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Things to Consider When Choosing the Best Financial Advisors in Louisville, KY and Lexington, KY
When it comes to choosing the best Louisville or Lexington financial advisor, there are multiple firms to choose from. How can you narrow the search?
Here are some questions to ask when considering each of these investment firms in Lexington, KY and Louisville, KY. The answers will help you zero in on the KY wealth managers with the services that best fit your distinct financial needs.
What Are My Top 3 Financial Goals?
For example: Are you looking for help with investing for your retirement? Are you experiencing a major life change like a divorce or inheritance that warrants a little extra financial guidance?
Identify the top three goals you have for your financial future and use those as a barometer when reviewing KY financial advisors. See what each firm lists as their specialties and whether they include one or more of your top three financial goals.
What Types of Financial Services Do I Need?
Some financial planning firms in Kentucky may be very narrowly focused on one or more specialties while others may offer a wider range of services like tax planning and accounting.
If you need additional services, then you will need to look for firms that can offer those services in addition to basic wealth management. It will simplify your financial life to get all of your financial needs met in one place.
What Fee Structure Do They Use?
It’s important to know the fee structure that your Kentucky financial advisory firm uses because that can impact how you feel about working with them.
You’ll also want to know if the firm operates as a fiduciary. Fiduciaries have a legal obligation to always put their clients’ needs ahead of their own and to be completely transparent about all fees.
The two fee structures are:
Fee-only: These firms do not accept outside commissions on financial products and are paid only through client fees.
Fee-based: These firms do accept outside commissions in addition to client fees, which can cause a potential conflict of interest. However, being a fiduciary helps counter this.
What Type of Clients Do They Work With?
When you’re reviewing Lexington or Louisville, KY financial planning firms, check to see if they have any minimum investable asset requirements. This will help you quickly identify whether or not a firm is a good match for your desired investment level.
Best Wealth Management Firms in Louisville, KY, and Lexington, KY
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2022-2023 AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of our selection criteria for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Best Financial Advisors in Lexington & Louisville, KY
Below, please find a detailed review of each firm on our list of 2022-2023 best financial advisors in Louisville and Lexington. We have highlighted some of the factors that allowed these financial planners to score so high in our ranking.
Click on any of the names below to go directly to the review section for that firm.
- ARGI Financial Group
- Coats Financial Planning
- Dupree Financial Group
- Edelman Financial Engines
- Meridian Wealth Management, LLC
- Moneywatch Advisors
- Stegner Investment Associates, Inc.
- Townsend Financial Planning
- Wrenne Financial Planning
Click below for previous years’ rankings:
- 2019 Review: Top 8 Best Financial Advisors in Lexington & Louisville, KY
- 2018 Review: Top 8 Best Financial Advisors in Lexington & Louisville, Kentucky
- 2017 Review: Top 9 Best Financial Advisors in Kentucky
ARGI Financial Group Review
With a team of professionals dedicated to helping their clients adapt and prosper, ARGI is one of the top financial advisors in Louisville, KY, and Lexington, KY. This firm has been proudly serving clients with expert financial advice since 1995.
The firm has 9 office locations including 5 in Kentucky and others located in Atlanta, GA, Grand Rapids, MI, Indianapolis, IN, and Cincinnati, OH.
This top KY wealth management firm is fee-based and also operates as a fiduciary.
Key Factors That Enabled ARGI to Rank as One of the Top Louisville Financial Advisors
Business Services
Part of what makes ARGI a standout financial advisor in Louisville, KY, comes from its strong commitment to helping companies attract and retain talented employees.
The goal of its business services division is to help executives take full advantage of the benefits they receive and to act as a support system for human resources departments to assist their employees in understanding, appreciating, and maximizing their benefits.
Suitable for both small and large companies alike, these financial advisors in Kentucky provide the following corporate & business services:
- Integrated Benefits Education
- Transition & Retirement Guidance
- Executive Financial Planning
- Financial Coaching
- Tax Efficiency
- Tax Compliance
- Business Analytics
- Business Plan Development
- Business Wealth Solutions
- Exit / Succession Planning
- Full-Service Bookkeeping
- Financial Statement Reporting
- CFO and Business Consulting Service
Awards & Accolades
For many potential clients, part of the selection process for identifying the best financial advisor in Louisville, KY means finding firms that have proven themselves as industry leaders.
ARGI has an impressive range of recurring accomplishments, including:
- Recognition as one of Barron’s Top 100 RIAs in 2020
- Recognition as one of the Financial Times Top 300 Registered Investment Advisors—2014 – 2016, 2018-2021
- Recognition as one of the Best Places to Work in Kentucky by Best Companies Group—2012 – 2020
- Ranked in Business First’s Fast 50—2018 – 2019
This is also the fourth year that ARGI has made AdvisoryHQ’s list of the best financial advisors in Kentucky, bringing the firm another consecutive industry award.
Best Kentucky Wealth Management Firms
Large, Highly Qualified Team
ARGI employs a team of qualified financial advisors in Kentucky that have the expertise needed to handle a variety of financial planning needs, both business and personal.
The Louisville, Kentucky office alone has over 100 staff members specializing in an array of financial services including personal planning, business services, and investments.
With such a diverse team of varied experience, ARGI has a deep bench and the ability to assist individuals with a large number of different financial requirements.
Many of these financial advisors in Louisville, KY come with an impressive range of professional designations, including:
- Accredited Investment Fiduciary Analyst (AIFA)
- Certified Plan Fiduciary Advisor (CPFA)
- Chartered Retirement Planning Counselor (CRPC)
- Certified Financial Planner (CFP®)
- Certified Exit Planner (CExP)
- Certified College Funding Specialist (CCFS®)
- Certified Financial Analyst (CFA®)
- Certified Public Accountant (CPA)
Rating Summary
ARGI is a top financial advisor in Louisville and Lexington, KY that works with all types of clients at all wealth levels. Their special expertise in business services makes them a valuable resource for small and large companies alike.
With a strong commitment to their clients, a large and dedicated team, and an excellent reputation, ARGI earns a 5-star rating as one of the top fee-based Lexington and Louisville wealth management firms to consider working with in 2022-2023.
Coats Financial Planning Review
Offering analytical horsepower with the highest possible ethics, Coats Financial Planning is a top financial advisor based in Louisville, Kentucky.
They are both a fiduciary and a fee-only KY financial advisor and offer a customized, boutique approach backed with a depth of experience and expertise in a number of financial areas including retirement, tax planning, and low-cost investments.
Coats has been providing investment advice and financial planning in KY for nearly two decades and works with clients in Kentucky, Indiana, Florida, and a dozen other states.
Key Factors That Enabled Coats Financial Planning to Rank as One of the Top Louisville Financial Advisors
Fee-Only & Fiduciary
Coats Financial Planning makes it clear that they will always act as a fiduciary for their clients, meaning that these Louisville financial advisors take a pledge to act in the best interest of their clients, always.
Closely tied to their fiduciary commitment is their dedication to remaining a fee-only financial advisor. For many clients, this is a huge indicator of a trustworthy and dependable firm.
As a fee-only financial firm, Coats Financial Planning strictly prohibits its advisors from taking any commission from product sales, which means that all income comes from a transparent, client-centered fee structure.
Coats is also completely transparent about how their advisors are paid. On its website, the firm explains how its retainer works and outlines the prices clients can expect to pay.
It is important to note that this Kentucky wealth management firm has no minimum asset requirements to work with the firm, just a minimum fee of $416.67 per month ($5000 per year).
Expert Retirement Planning
The team at Coats Financial Planning calls themselves “Retirement Puzzle Masters,”
recognizing that successful retirement planning often involves the complex task of combining multiple accounts and cash flow streams over the long term.
These financial advisors in Louisville, KY are well-versed in creating comprehensive retirement plans that are tax-efficient, sustainable, and effective over multiple decades.
Crafting a financial plan designed for longevity can be a challenging task, but with a nickname like “Retirement Puzzle Masters,” it appears as though clients are in good hands with these Louisville financial advisors.
Best Financial Planning Firms in Louisville, Kentucky
Client Profiles
If you haven’t started to plan for your financial future yet, it can be difficult to determine exactly where you fit in. How do you know if you are ready to hire a financial advisor in Louisville, KY?
Coats Financial Planning offers Client Profiles on their site that make it simple for new clients to see how they could benefit from partnering with these Louisville financial advisors.
Early Mid-Career Professional (Ages 25-55)
Coats Financial Planning acknowledges that clients in early to middle age may not think of retirement in traditional terms, but that doesn’t mean that they shouldn’t consider using a financial planner.
With a long-term view, clients within this profile are perfectly situated to benefit from services like portfolio guidance, debt management, executive compensation, and saving for higher education.
Late Career/Early Retirement (Ages 55-65)
Most Coats clients tend to fall within this profile, although Coats Financial Planning recommends retaining their services a few years before retirement in order to get the most out of their fee-only financial advisory services.
Whether you are retiring soon or have already begun retirement, their experts can craft a plan to help you leverage your assets and enjoy a financially sound retirement.
Retiree (Ages 65+)
Although new clients in this profile will have likely already made most of their big financial decisions, Coats Financial Planning can still provide valuable assistance with services like social security benefit planning, estate planning, charitable gifting, and asset allocation.
No matter where you fall within these client profiles, it’s never too early—or too late—to enlist expert advisory services from this top financial advisor in Louisville, KY.
Rating Summary
While Coats may be one of the smaller firms on our list of top financial advisors in Louisville and Lexington, KY, their team includes two CFP® professionals with a minimum of 7 years of full-time experience. They offer clients a combination of industry expertise and tailored financial services.
This top Kentucky financial management firm is an excellent option for tax planning, low-cost investments, and retirement planning, no matter what stage of life you’re in.
With an exceptional commitment to their clients, and a dedication to operating as both a fee-only firm and a fiduciary, Coats Financial Planning scores a 5-star rating as one of the top Kentucky financial advisors to consider partnering with this year.
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Dupree Financial Group Review
With a client-focused, team-based approach, Dupree Financial Group is a top Lexington financial advisory firm that was founded in 2003.
The firm is fee-based and also operates as a fiduciary that focuses heavily on helping people plan for a comfortable retirement. This Lexington financial advisory firm also offers investment guidance to assist clients with the best strategies to reach their financial goals.
With a focus on people over money, Dupree Financial Group promises to be “right for you” while offering sound retirement planning in Lexington, KY.
Key Factors That Enabled Dupree Financial Group to Rank as One of the Top Lexington Financial Advisors
Core Values
As a top Kentucky wealth management firm, Dupree Financial Group adheres to a strong foundation of core values that are integrated into everything that they do.
These values include:
- Humanity: Focusing on people and individual goals first, rather than numbers
- Research: Conducting in-house, in-depth research that they do themselves
- Education: Helping clients understand where their money is going
- Longevity: Fostering long-term relationships and managing long-term investments
- Adaptability: Continuously evaluating investments to provide the best performance possible
Hiring an advisory firm with a strong commitment to such important core values is a great way to ensure that the client-advisor relationship is founded on trust, something that this financial advisor in Lexington, KY excels at.
Top Financial Advisors in Lexington, Kentucky
Retirement Specialists
Dupree Financial Group offers a full range of retirement investment options to help clients create a comfortable life that can be sustained throughout their retirement.
These services include:
- 401(k) Rollovers
- Roth IRAs
- Traditional IRAs
- Individual & Joint Investment Accounts
- Portfolio Reviews
What makes these fee-based financial services stand out is that Dupree Financial Group provides a team-based, friendly, and knowledgeable approach to everything they do.
This firm is one of the best Lexington, KY financial advisors to work with when planning for retirement. They are heavily focused on providing financial education to their clients through publications, a blog, and even a radio show. One of their recent publications is “Dividend-Growth Investing for Retirement.”
Step-By-Step Approach
As part of their process, Dupree Financial Group breaks retirement planning down into three comprehensive stages.
The first is retirement preparation, which begins whenever a client is ready, regardless of where they are in life.
The second is approaching retirement, where clients can expect to see changes in their lifestyle, priorities, and how they will spend their time.
Finally, living in retirement means enlisting the help of these top Lexington financial advisors to help you manage retirement income throughout fluctuating life events and priorities.
Rating Summary
Dupree Financial Group offers expert retirement planning and investment guidance that takes a team approach. This allows its clients to gain the full benefit of the vast variety of experience and knowledge that these Lexington, KY wealth managers have on their staff.
However, for clients that need services outside of managing long-term investment products, Dupree Financial Group may not be the best option. The firm does not offer financial planning services such as IRA management and mainly focuses on retirement, meaning that clients who need assistance in other areas will find their services lacking.
However, this is not entirely a negative thing. Since Dupree Financial Group focuses entirely on investment management for retirement, they excel in this area.
For all the above-mentioned reasons, we’ve awarded the firm with 5 stars in our 2022-2023 ranking.
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Edelman Financial Engines Review
Edelman Financial Engines was birthed from 2 firms with a similar goal – Edelman Financial Services and Financial Engines. It boasts over 150+ locations nationwide, including three in Kentucky (Lexington, Louisville, and Florence).
This top Kentucky financial planning firm is fee-only and has the unique focus of offering services to large U.S. employers, including many of the Fortune 500. Edelman strives to assist corporate employees in creating manageable, effective retirement plans.
However, the firm also offers its financial and investment services to individuals.
Key Factors That Enabled Financial Engines to Rank as One of the Top Lexington Financial Advisors
Local & National Resources
Part of the benefit of partnering with Edelman Financial Engines is that clients can take advantage of both local and national resources.
Even though the firm has a nationwide reach, Kentucky residents can visit one-on-one with an investment advisor at their local office in Florence, Lexington, or Louisville. This is a great way to build a personal plan and establish open communication while working towards financial objectives.
To support its local offices, Edelman Financial Engines has a strong base of national resources to conduct in-depth analyses and extensive research to create winning investment strategies. This gives clients the benefit of more resources than most other Louisville or Lexington financial advisory firms can offer.
Best Lexington & Louisville Financial Advisors
Professional Experience
As one of the top financial advisors in Kentucky, the team at Edelman Financial Engines has an incredible range of professional experience to draw from.
Many of its clients are Fortune 500 companies and the biggest retirement plan providers, which certainly instills trust for potential clients. Their advisory services are included in employer benefit packages in many industries across the United States.
Some of the well-known clients they work with include:
- Delta
- Comcast-NBCUniversal
- IBM
- Ford
- Xerox
- Northern Trust
Core Services
Edelman Financial Engines provides financial services for employers and individuals.
There are six core categories of financial and wealth management services that the team at Edelman offers to its clients in Lexington, KY.
These categories include:
- Life Changes
- Career Advice
- Personal Finances
- Family Matters
- Retirement Planning
- Small Business Retirement
If you’re looking to receive help with as many financial services as possible, this top Kentucky wealth manager would be a great fit. Within the firm’s Financial Planning suite of services, an incredibly diverse range of financial topics are covered, including:
- Budgeting
- Employer-Sponsored Plans
- Life Insurance
- College
- Estate
- Taxes
- Health Care
- Long-Term Care
- Social Security
- Retirement Distribution
Rating Summary
The vast array of services that Edelman offers to employers is a great reason to check with your company to see if they may work with them for employee benefits.
These Lexington and Louisville financial advisors boast access to an extensive national network of knowledge and resources that can help clients in any stage of life prepare for a sound financial future.
Edelman Financial Engines is a top option for a financial advisor in Kentucky that is both a fee-only firm and a fiduciary. For the reasons named above, they have been awarded a 5-star rating on our 2022-2023 ranking list.
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Meridian Wealth Management, LLC Review
Helping clients pursue their financial dreams with confidence since 2010, Meridian Wealth Management, LLC is an independent financial advisor in Kentucky that provides unbiased advice under a fiduciary duty.
This fee-only financial advisory firm is based in Lexington with additional offices in Tucson, AZ, and The Villages, FL.
This top-rated Kentucky financial advisor offers a variety of innovative financial planning solutions for individuals, families, and institutions.
Key Factors That Enabled Meridian Wealth Management to Rank as One of the Top Lexington Financial Advisors
Fee-Only Advisement
Some financial advisors in Lexington, KY accept 3rd party commissions, which can create a conflict of interest and cause clients to wonder if they are receiving truly unbiased advice.
This is not the case with the independent financial advisors at Meridian Wealth Management. As a fee-only financial advisor, Meridian does not receive commission on the sale of any investment products.
This means that clients of Meridian Wealth Management have the key advantage of receiving conflict-free, objective financial advice given in their best interest without any outside influences.
Best Fee-Only Financial Advisors in Lexington, KY
Educational Resources
The best financial advisors in Lexington, KY work to ensure that their clients fully understand their financial options and have the resources to boost financial literacy.
Empowering clients to take control of their own financial knowledge and education is key to ensuring that good financial habits can continue throughout a variety of life changes and fluctuating goals.
Meridian Wealth Management offers a library of free articles and newsletters on a diverse range of subjects, including:
- Early Working Years: Accumulating assets, aligning financial and life goals.
- Later Working Years: Preparing for retirement, planning for the unexpected.
- Retirement: Planning for estate distribution, and Social Security disbursements.
- Women-Focused: The retirement gender gap, financial advice for women just starting out in the workforce, and financial advice on widowhood.
- Lifestyle: Smart financial moves for each stage of life, investment challenges for the affluent, and smart spending tips.
Meridian also provides quarterly economic updates to keep both clients and the general public informed on recent stock market changes and global financial trends.
Large, Experienced Team
Clients looking for Lexington wealth management services can rely on a dedicated team of professionals at Meridian to guide them on their financial journey.
The firm has 31 staff members spread between their locations. Many of their advisors have extensive previous experience with globally recognized firms such as Wells Fargo, JP Morgan, and Morgan Stanley.
Having a dedicated and experienced team allows clients to benefit from their combined brainpower and diverse experiences from different areas and walks of life.
Rating Summary
Meridian Wealth Management is an excellent “full service” Kentucky financial planning firm that offers everything from cash flow and budgeting advice to retirement planning and portfolio management (and more).
On top of that, Meridian’s team is highly skilled with a combined 300+ years of industry experience, which adds an additional peace of mind when trying to determine who to partner with in 2022-2023.
For all of the above-mentioned reasons and for the plethora of services offered, we’ve awarded Meridian Wealth Management a 5-star rating on our biannual ranking.
Moneywatch Advisors Review
With a client-centered focus, Moneywatch Advisors is a top Kentucky financial advisor that’s currently celebrating 40 years of dedicated service to its clients. The firm is based in Lexington and proudly works with clients across all stages of life and all investment levels.
The firm holds the honor of being one of the first fee-only financial advisors in the country. They are also fiduciary, which means they have sworn to always place their clients’ needs first.
The team at Moneywatch makes it a point to really listen to and get to know each client personally so it can offer the best financial guidance to help them forge a positive future.
Key Factors That Enabled Moneywatch Advisors to Rank as One of the Top Lexington Financial Advisors
Genuine, Friendly Approach
Conversations about finances and money management are typically sensitive subject for many people, no matter how organized your finances are.
When it comes to financial advisement, it helps to have a friendly and welcoming firm that can put both new and existing clients at ease.
Moneywatch Advisors works to be genuine and relatable. These financial advisors in Lexington, KY are more than just financial planners, they are also people who understand that talking about money is challenging.
Rather than drowning prospective clients in financial jargon, Moneywatch Advisors describes themselves in a down-to-earth way, saying:
We appreciate you and want to understand your situation — whether you’re a longtime University of Kentucky faculty or staff member, a young professional just starting to invest, or approaching retirement with questions on how to make that transition.
Best Lexington, Kentucky Wealth Management Firms
Clients Served
As a top Lexington wealth management and advisory firm, Moneywatch Advisors is prepared to service a full range of specific client needs. The firm’s welcoming approach to a wide variety of clients makes it a top Kentucky wealth management firm for just about any type of investor to consider.
Their client categories include:
- Busy Professionals
- Families
- Pre-Retirees and Retirees
- Business Owners
- University of Kentucky Faculty and Staff
What stands out about their service descriptions is that each one is tailored to meet the unique needs of that specific clientele base. This illustrates the understanding the firm has of the financial needs for each one.
For example, this Lexington wealth management firm uses the following stance when serving family clients:
A family’s goals can be multidimensional, and this requires the expertise and experience of financial planners in order to navigate the many issues that families face when making financial and wealth management decisions. It is more than just about money but includes support, lifestyle, and legacy. The whole family becomes our client.
Code of Ethics
One of the most important components of positive relationships between clients and their advisors is a focus on ethical practices.
Moneywatch Advisors is one such financial advisor in Lexington, KY that has a strong commitment to abide by an advisory code of ethics, which includes:
- Requiring their employees to comply with all federal securities laws.
- Placing client interests first at all times.
- Ensuring all clients are treated fairly and equally.
- Requiring employees to be pre-approved to make trades by the President and Chief Compliance Officer.
- Ensuring that client trading takes precedence over any employee trades.
- Ensuring that non-public information collected from clients will not be disclosed except when permitted by law or by client request.
- Using physical, electronic, and procedural safeguards to protect client information.
Rating Summary
If you are a new investor or are hesitant about the financial advisory process, it would be difficult to find a more welcoming firm to put your mind at ease than Moneywatch Advisors. Their approach includes demystifying financial planning so everyone from all walks of life can benefit from a brighter financial future.
As an independent, fee-only firm with a fiduciary commitment, Moneywatch provides a strong foundation for ethical, trustworthy financial management.
With an experienced team as well as a fully transparent and client-centered approach, Moneywatch Advisors scores a 5-star rating as one of the best financial advisors in Lexington, KY for new clients to consider working with this year.
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Stegner Investment Associates, Inc. Review
Stegner Investment Associates, Inc. is a Registered Investment Advisor (RIA) in Louisville, KY that has been providing market-leading investment consulting to its clients since 1994.
The firm is a fee-only financial advisor that makes it a priority to forge strong client partnerships. Stegner purposely limits their client base to ensure it can deliver a customized experience to each customer that will position them for success.
This top Kentucky wealth management firm focuses on working with high-net-worth individuals and providing exceptional client service.
Key Factors That Enabled Stegner Investment Associates, Inc. to Rank as One of the Top Financial Advisors in Louisville, KY
Focus, Education, & Integrity
This best financial advisor in Louisville, KY operates on a strong foundation of focus, education, and integrity.
As such, Stegner Investment Associates, Inc. offers investment services to high-net-worth individuals with complex financial issues. Education is also an important facet of what SIA does. In their words, “Well-informed clients are our most successful clients.”
These top financial advisors in Louisville, KY work diligently to ensure their clients gain a full understanding of the process and rationale behind every investment decision.
Finally, SIA operates on a strong foundation of integrity, as shown through its commitment to providing fee-only services. This also means promoting transparency through full fee disclosure, ongoing evaluation, and segment benchmarking.
Woman-Led Team
It’s relatively rare that you’ll find an advisory firm with an equal division between male and female employees, and it’s even more rare for a firm to be owned and operated almost entirely by women.
The experienced and dedicated team at Stegner Investment Associates, Inc. is uniquely comprised of an almost all-female team. Their staff includes:
- Beth Stegner Peabody, Chief Executive Officer & Chief Investment Officer
- Ruth Wimsatt Trautwein, CFP®, Co-Director of Portfolio Management
- Missy Stegnar Vella, Senior Development Associate
- Douglas D. Peabody, President, Chief Operating Officer, Chief Compliance Officer
- Hannah English, CFA®, Portfolio Management Associate
- John Evers, MS Statistics, Co-Director of Research
- Brandon Dant, Portfolio and Data Analytics Associate
- Karen Bowman, Client Services Associate/Administrative Specialist
Using a team-based model, clients can benefit from working with an incredible range of financial expertise and industry experience when partnering with SIA.
2022-2023 Best Financial Advisors in Louisville, KY
Rating Summary
For high-net-worth individuals looking for a concierge-style experience, Stegner excels at maintaining a personalized experience with a high level of service.
The firm also has a proprietary investment manager selection process designed to identify the most seasoned experts who can provide the best value to their clients’ portfolios.
With a focus on providing exceptional service as well as thoughtful and well-researched wealth management advice, Stegner Investment Associates is also awarded a 5-star rating as a top Louisville, KY financial advisor to consider working with this year.
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Townsend Financial Planning Review
Founded in 2006, Townsend Financial Planning is a financial advisory services firm with three offices in Kentucky: Mt. Sterling, Lexington, and Louisville. With a mission to serve its clients throughout all stages of life, TFP genuinely seeks to make a difference.
Set up as a fee-only, fiduciary advisory firm in Kentucky, the firm is free to serve its clients with complete transparency and a commitment to always work in their best interest.
Key Factors That Enabled Townsend Financial Planning to Rank as One of the Top Financial Advisors in Lexington and Louisville, KY
Services & Fees
Townsend Financial Planning offers two main types of services with the purpose of best supporting their clients’ current goals: Initial Services & Wealth Management
The Initial Services category includes different packages for financial planning engagements. You can choose between 3 packages to find the best fit for your needs:
1. Financial Check-up Session is a single, two-hour meeting that focuses on a few select financial issues. This type of appointment is most appropriate for clients with fairly simple financial circumstances such as 401(k) investment choices, college savings strategies, and basic retirement forecasting.
2. Retirement Roadmap Lite is a package offered to those who are in the initial stages of retirement planning and who are wondering if they are on the right track to a comfortable retirement.
3. Retirement Roadmap is a detailed engagement designed to help those who want to take a serious look at when they may be able to retire and who want to seriously focus on planning their retirement.
For those who are looking for a more comprehensive approach to their finances, the firm’s Wealth Management services may be a better option. Wealth Management bundles financial planning services and investment management together for one fee.
Regardless of which option works better for you, the experienced team at Townsend Financial Planning is well prepared to handle your unique financial situation with ease.
Best Kentucky Financial Planning Firms
Valuable Educational Resources
This top Kentucky financial planner has put a great deal of thought into the resources offered on its site. With a goal of complete transparency and putting clients’ needs first, Townsend offers a plethora of educational videos to help guide its clientele and answer some frequently asked questions.
All of the videos feature Townsend team members, giving you an opportunity to get to know more about the firm and its advisors before booking your initial appointment.
Rating Summary
Working with a reliable financial advisor that always has your best interests in mind is crucial. This is the focus of the team at Townsend Financial Planning who remain committed to working towards their clients’ goals.
Regardless of what stage of life you’re in, this top Louisville and Lexington financial planner has a strategy for you. The team knows that financial planning isn’t one-size-fits-all, so even if you can’t find exactly what you’re looking for on their website, don’t hesitate to give them a call.
With a strong and experienced financial advisory team as well as a wide range of services provided, we feel that Townsend deserves a 5-star rating on our 2022-2023 Ranking of Best Financial Advisors in Lexington & Louisville, KY.
Wrenne Financial Planning Review
With a dedication to transparency and a high fiduciary standard, Wrenne Financial Planning is one of the best financial advisors in Lexington, KY to consider working with.
They are a fee-only financial advisor in Kentucky whose team has a combined 40 years of experience offering financial guidance to physicians and other professionals.
This Kentucky financial advisor has a specialized focus on providing financial services for physicians and dentists. This includes everything from advising medical students on student loans to helping medical professionals with general investment management and financial planning.
Key Factors That Enabled Wrenne Financial Planning to Rank as One of the Top Financial Advisors in Lexington, KY
Fee-Only & Fiduciary Services
Some financial advisors in Lexington, KY operate on commission, meaning that they receive income when clients sign up for certain financial products. This can cause a conflict of interest and leave clients wondering about their advisor’s true motivations.
This is not the case with the independent advisors at Wrenne. As a fee-only financial planning firm, they do not receive any commissions for the sales of financial products.
Additionally, Wrenne Financial Planning clearly states that they operate under the fiduciary standard, which means that these independent financial advisors will always act in their clients’ best interests.
This means that clients of Wrenne Financial Planning can rest assured they are receiving unbiased and objective recommendations on their financial future at all times.
Student Loan Advising Services
Wrenne Financial Planning is the only financial advisor in Kentucky on our list that offers student loan advisory services, which is especially helpful for those just starting out in the medical profession and completing medical school.
These services are uniquely designed to help create, execute, and manage a personalized plan including:
- Customized Annual Student Loan Plan
- Student Loan Recommendations
Student loan planning is a relatively uncommon financial advisory skill but is one that fulfills a need for Wrenne Financial Planning and its clientele.
Financial Planning & Investment Management Services
As one of the top financial advisors in Lexington, KY, Wrenne provides a wide range of expert services including financial planning and investment management.
Both of these services together can offer a strong foundation of financial stability and a strategy for both short- and long-term financial goals.
Wrenne’s financial planning services include:
- Education Planning
- Employee Benefits
- Estate Planning
- Tax Planning
- Retirement Planning
- Cash Flow and Debt Management
For those looking for investment management, Wrenne’s services include:
- Asset Allocation
- Re-Balancing
- Tax Efficiency
- Quarterly Review Meetings
Top Lexington, Kentucky Wealth Management Firms
Rating Summary
While Wrenne Financial Planning works with a very specific clientele, they are well-positioned to serve your unique financial needs if you are a physician or dentist.
Their fee-only structure and fiduciary commitment make this team of Louisville and Lexington, KY financial advisors one that clients can trust will act in their best interests while being completely transparent about all fees.
With a laser-focused specialty on the medical profession as well as a client-centered approach, Wrenne Financial Planning easily earns a 5-star rating as one of the top Lexington financial advisors to consider working with this year.
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Conclusion – 2022-2023 Best Financial Advisors in Lexington, KY & Louisville, KY
No matter what stage of life you’re in or what your personal financial goals for the future may be, a Kentucky financial advisor can help you create a comprehensive strategy to reach them.
The top wealth advisors in Louisville and Lexington, KY on our list cover a wide variety of client types, from the affluent to everyday investors. So, no matter what your current asset level is, there is an investment professional on this list that can help you grow your wealth.
When narrowing down your search to the advisors who are the best fit for your needs, be sure to take advantage of any free consultations. Many Kentucky financial planning firms offer them so a client can meet them in person and get a better feel for their vision.
Remember, it’s never too late or too early to start planning for your financial future, so it never hurts to speak with a financial professional. You just may gain valuable insight as to how you can chart a strong financial course for your life.
Image sources:
- https://pixabay.com/photos/kentucky-usa-america-1651022/
- https://argifinancialgroup.com/about-us/
- https://coatsfinancialplanning.com/what-makes-us-unique/retirement-puzzle-masters
- https://www.facebook.com/dupreefinancial/
- https://www.edelmanfinancialengines.com/about-us/
- https://www.meridianwealthllc.com/
- https://www.moneywatchadvisors.com/
- https://stegnerinvestments.com/
- https://townsendfinancialplanning.com/
- https://wrennefinancial.com/
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