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.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Evermay Wealth Management, LLC Find an Advisor||$539,755,646||No set account minimum; $5,000 minimum annual fee|| || |
Minimum AssetsNo set account minimum; $5,000 minimum annual fee
|2||Omega Wealth Management, LLC Find an Advisor||$104,031,234||No set account minimum|| || |
Minimum AssetsNo set account minimum
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
Evermay Wealth Management, LLC is a fee-only financial advisor firm with $539.75 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 eight financial advisors. Four advisors hold the certified financial planner (CFP) designation and two hold the designation of chartered financial analyst (CFA). These advisors help serve the firm's clients, who are mostly individuals and high-net-worth individuals. Other types of clients include 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.
Omega Wealth Management, LLC
The second firm on our list of the top Arlington financial advisor firms is Omega Wealth Management, a financial advisor firm with more than $104.03 million in assets under management (AUM). The firm's team is about half the size of top firm Evermay Wealth Management's, with a total of just three advisors on staff. The overall team includes three certified financial planners (CFPs) and one certified financial transitionist (CeFT), which requires five years of face-to-face client service experience and a CFP, certified investment management analyst (CIMA) or chartered financial analyst (CFA) designation.
The firm offers services primarily to individuals and high-net-worth individuals, though it also serves estates, corporations and other business entities. It does not specify a set account minimum. This is a fee-based firm, as it earns compensation in ways other than the fees its clients pay. Omega provides non-advisory consulting services to clients on topics like business successions, for which it will earn separate compensation. Additionally, the firm's president owns and operates Omega Wealth Consulting, LLC, and she will earn separate compensation from this role. Omega Wealth Management is a fiduciary though, requiring it to always act in clients’ best interests.
Omega Wealth Management, LLC Background
Founded in 1999, Omega Wealth Management, LLC is owned and managed by Lisa Kirchenbauer, the firm's president.
The firm offers its clients a number of ongoing life and wealth planning services, including personal financial planning, tax and cash flow, education funding, investment risk analysis, insurance risk management, retirement planning, estate planning, portfolio monitoring and financial life planning issues and advice. For its younger clients, the firm offers SmartStart Planning Services, which takes clients through a brief financial life planning process resulting in a summary review of their goals and current financial situation. Additionally, the firm offers two to six month transition planning services for clients navigating transitions such as receiving an inheritance, getting divorced or the death of a loved one. It also offers pro-bono financial planning services for individuals or couples below a certain income threshold.
Alongside its array of financial planning services, the firm offers investment management. The firm offers a couple of programs to choose from, including its own Mutual Fund Models and a management program offered by SEI Investment Management. The latter offers a few options, such as Managed Account Program and the Private Client Model Program.
Omega Wealth Management, LLC Investing Strategy
Omega Wealth Management describes its investment philosophy as "goals-based," with focuses on long-term growth and capital preservation. The firm works with each client to identify his or her goals and objectives. It then creates portfolios based on the time horizon of each goal and objective, as well as the client's risk tolerance and tax bracket.
The firm typically offers advice on exchange-listed securities, mutual fund shares and bonds.