Finding a Top Financial Advisor Firm in Fairfax, Virginia
Finding a suitable and trustworthy financial advisor isn't always easy. If you're searching for an advisor in Fairfax, Virginia, this list of the top firms in the city can help. Below, you'll find details like the total number of advisors at each firm, their certifications, advisory services, fees and more. If you want some assistance with the decision-making process, check out SmartAsset's free financial advisor matching tool.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Wolf Group Capital Advisors Find an Advisor||$408,635,101||Varies based on account size|| || |
Minimum AssetsVaries based on account size
|2||Professional Financial Solutions, LLC Find an Advisor||$249,286,276||$500,000|| || |
|3||ReFrame Wealth LLC Find an Advisor||$178,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||David Wealth Management, LLC Find an Advisor||$130,019,674||$250,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Fairfax, 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.
Wolf Group Capital Advisors
Wolf Group Capital Advisors leads our list. The firm only works with individual clients, with non-high-net-worth individuals representing about two-thirds of its client base and high-net-worth individuals rounding out the rest.
Account minimums vary. You'll need to have at least $500,000 for investment management services. If you have less than $350,000 you may qualify for the Future Ready Portfolio Management Wrap Fee Program and Subscription-Based Financial Planning services.
Wolf Group is a fee-based financial advisor firm, meaning that some advisors may receive insurance commissions. However, it is still bound by fiduciary duty to act in the best interests of clients at all times.
The firm boasts advisors with such certifications as certified public accountant (CPA), certified financial planner (CFP) and chartered financial consultant (ChFC).
Wolf Group Capital Advisors Background
Wolf Group Capital Advisors was founded in 1996, and its current owners are Robert Len and Leonard Wolf. Len acts as the firm's managing director, but Wolf no longer works here.
This firm provides investment advisory and financial planning services. Financial planning may relate to topics like cash management, estate planning, charitable giving and more.
Wolf Group Capital Advisors Investment Strategy
Prior to formulating an investment plan for your portfolio, Wolf Group Capital Advisors will have a discussion with you about your long- and short-term financial goals, as well as your risk tolerance and income needs. Once these factors are clear, the firm will integrate your investor characteristics into its approach of asset allocation planning and diversification. Once your funds are invested, your advisor will periodically rebalance your portfolio.
Advisors may use a range of different models and strategies. The specific types of investments used by the firm usually include stocks, bonds, exchange-traded funds (ETFs), mutual funds and alternative investments.
Professional Financial Solutions
Professional Financial Solutions (PFS) works primarily with individual clients. Individuals below the high-net-worth threshold far outnumber high-net-worth clients here. The firm also works with a few charitable organizations and businesses.
The firm imposes a $500,000 minimum investment amount, though this requirement can be reduced or waived. As a fee-only firm, PFS only earns compensation from the fees that clients pay.
Several of the firm's advisors are certified financial planners (CFPs).
Professional Financial Solutions Background
Firm president Glenn Mickelson, vice president Michael McLenigan and lead financial advisor Renee Sewall are the principal owners of Professional Financial Solutions, which was founded in 1997.
PFS breaks down its service offerings into three categories: investment management, financial planning and financial consulting. Planning services typically relate to retirement planning, but more can be provided depending on what you're looking for.
Professional Financial Solutions Investment Strategy
Professional Financial Solutions works extensively with each client to determine their investment needs and objectives. The most important among these factors are risk tolerance and time horizon, both of which will play an important role in your portfolio's asset allocation and investment strategies. While this level of customization means the firm generally avoids a "one-size-fits-all" approach, advisors almost always recommend a variety of passively managed mutual funds.
Advisors at PFS use fundamental and technical analysis to evaluate individual securities for possible investment. Furthermore, the firm most often uses a buy-and-hold approach when investing, meaning advisors pursue long-term gains over engaging in strategies like market timing and frequent trading.
ReFrame Wealth LLC
ReFrame Wealth is a fee-only firm with no set account minimum to use their services. The only clients of the firm are individuals, slightly more than half of whom do not have a high net worth.
Fees for investment management are based on a percentage of assets under management, while financial planning services are charged an annual subscription or a fixed fee.
The team of advisors at ReFrame includes three certified financial planners (CFPs) and one accredited investment fiduciary (AIF)
ReFrame Wealth Background
ReFrame was founded in 2021. It is owned by Mitchell Falter, Jessica Doll and Melanie Simons, all of whom also act as advisors.
Services offered include wealth management, financial planning, retirement planning, personal servings, education savings and insurance needs.
ReFrame Wealth Investment Strategy
Nearly two-thirds of all investments at ReFrame are in mutual funds. A further one-third is in non-exchange traded securities, and a small amount is invested in stocks. No money is invested in bonds or held as cash.
David Wealth Management, LLC
David Wealth Management is a fee-only firm where nearly all the clients are individuals, more than half of whom qualify as high-net-worth. There are a few institutional clients, including charitable organizations and corporations. The minimum account size is $250,000.
Wealth management fees are charged based on a percentage of assets under management, while financial planning services are charged an hourly fee of $300.
The team at DWM includes one certified public accountant.
David Wealth Management Background
DWM was founded in 2012 and is owned by James David and Maria Coakely David. James David, though, is the sole operator.
Services include wealth management, financial planning, investment planning, retirement planning, personal savings and education savings,
David Wealth Management Investment Strategy
Around two-thirds of money managed by DWM is invested in mutual funds or exchange-traded funds. A bit less than one-third is put into individual stocks, and the rest is held as cash. Individual bonds are not used.