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. As an alternative, SmartAsset’s free financial advisor matching tool can pair you with as many as three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Evermay Wealth Management, LLC Find an Advisor||$857,019,549||$1,000,000|| || |
|2||Omega Wealth Management, LLC Find an Advisor||$198,844,793||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Arlington, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Evermay Wealth Management
Evermay Wealth Management is a fee-only financial advisor firm. 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 a $1 million account minimum necessary to start working with Evermay, though the firm may be willing to accept those with less than that amount.
The firm has a fairly small staff. A handful of advisors hold the certified financial planner (CFP) designation and a couple more hold the designation of chartered financial analyst (CFA). These advisors help serve the firm's clients, who are mostly individuals with and without a high net worth. Other types of clients include charitable organizations and business entities.
Evermay Wealth Management Background
Evermay Wealth Management was founded in December 2008 by three partners: William Pitt, Damon White and Biljana McKinley. All but McKinley 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 Investing Strategy
To create portfolios for clients, Evermay Wealth Management uses a few different 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 (ETFs).
Omega Wealth Management
The final firm on our list is Omega Wealth Management. The firm's team includes certified financial planners (CFPs) and certified financial transitionists (CeFTs), a designation that requires five years of face-to-face client service experience. Advisors hold a handful of other certifications too.
The firm offers services to individuals both with and without a high net worth. It does not serve other institutional clients and it does not specify a set account minimum. This is a fee-only firm, as it does not earn 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.
Omega Wealth Management Background
Founded in 1999, Omega Wealth Management 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 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.