Finding a Top Financial Advisor Firm in Arlington, Virginia
Finding the right financial advisor can be a challenge because there are so many competing for your business. That’s why SmartAsset has put in the work to help you find the top financial firm in Arlington, Virginia. The review below is the result of hours of research into the area’s firms. If you want more tailored guidance in your search, SmartAsset’s financial advisor matching tool can pair you with a financial advisor near you.
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Evermay Wealth Management, LLCFind an Advisor
Minimum annual fee of $5,000
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Minimum annual fee of $5,000
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How We Found the Top Financial Advisor Firm in Arlington, Virginia
To find the top financial advisor firm in Arlington, SmartAsset considered all U.S. Securities and Exchange Commission (SEC)-registered firms in Arlington. We specifically looked at SEC-registered firms because they have a fiduciary duty to put their clients’ best interests ahead of their own. We did not consider firms with disciplinary issues, so only firms with clean records were eligible for the final list. We also eliminated firms that did not manage individual accounts or did not have financial planners on staff.
Evermay Wealth Management, LLC is a fee-only financial advisor firm with $427.2 million in assets under management (AUM). As a fee-only firm, compensation for individual advisors comes solely from the portfolio management fees that clients pay. This differs from a fee-based firm, which may also receive compensation in the form of commissions. There is no account minimum necessary to start working with Evermay, but the firm will charge clients a minimum annual fee of $5,000.
The firm has a small staff with seven financial advisors. Four advisors hold the certified financial planner (CFP) designation and one holds the designation of chartered financial analyst (CFA). These advisors help serve the firm's clients, who are mostly individuals. Other types of clients include high-net-worth individuals, trusts, estates, charitable organizations, pension and profit-sharing plans and other corporation or business entities.
Evermay Wealth Management, LLC Background
Evermay Wealth Management was founded in December 2008 by three partners: William Pitt, Damon White and Biljana McKinley. All three still work with the firm. Pitt, who serves as president, is the majority owner of the firm.
Evermay provides two main services for clients: investment management and wealth planning. Investment management includes the creation and management of an investment portfolio, while wealth planning focuses on understanding a client’s individual needs and helping the client to meet financial goals. Examples of wealth planning are creating a financial plan, making an estate plan, planning to reduce taxes and analyzing insurance needs.
Evermay Wealth Management, LLC Investing Strategy
To create portfolios for clients, Evermay Wealth Management uses one of five investment programs as a base. These programs outline the general objectives of an investment plan and range from a conservative approach, designed to prevent the loss of capital, to an aggressive - and potentially more volatile - approach that’s intended to help long-term investors build wealth.
Advisors do deviate from these programs though. Ultimately, the asset allocation of an investment portfolio will match the client’s goals and situation. Evermay invests its clients’ assets in equities and fixed-income securities, both of which could be in mutual funds or exchange-traded funds.