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Top Financial Advisors in Arlington, VA

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by Derek Silva Updated

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 Evermay Wealth Management, LLC logo Find an Advisor

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$427,230,700

Minimum annual fee of $5,000

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

Minimum annual fee of $5,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

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

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.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research