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Hemington Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Hemington Wealth Management is an SEC-registered advisory firm based in Falls Church, Virginia. Hemington provides portfolio management and holistic financial planning services to individuals, profit-sharing plans and more. The firm is on SmartAsset's list of the top financial advisors in Falls Church.

According to its website, the advisory team at Hemington Wealth Management is "widely recognized as thought leaders in the wealth management industry and experts on all issues impacting women of wealth." As a result, the firm provides services aimed directly at women, with another suite of services available for lawyers.

Hemington Wealth Management Background 

Ryon Beyer and Eileen O’Connor founded Hemington Wealth Management in 2013. Both individuals still work at the firm as Managing Principal and CEO, respectively. The duo has over 40 years of experience in the financial services industry.

This firm employs multiple certified financial planners (CFPs) and chartered financial analysts (CFAs).

Hemington Wealth Management Client Types and Minimum Account Sizes

Hemington Wealth Management primarily works with individuals. In fact, its individual client base is almost perfectly split between those with and without a high net worth. The firm also extends its services to trusts, estates, endowments and employer-sponsored retirement plans.

To open an advisory account with Hemington Wealth Management, you generally need a minimum initial investment of at least $1 million. However, the firm may waive this requirement at its sole discretion.

Services Offered by Hemington Wealth Management

Hemington Wealth Management generally provides investment management and financial planning services on a fee-only basis. The firm primarily constructs portfolios utilizing mutual funds. It aims to select investments based on the client’s risk tolerance and objectives. Moving forward, Hemington provides ongoing monitoring of the portfolio and rebalances it if changing market conditions or other factors call for adjustments. In addition, the firm may offer services through a third-party advisor or “sub-advisor.”

Hemington Wealth Management also offers financial planning services that focus on several aspects of finance, including: 

Hemington Wealth Management Investment Philosophy

Hemington Wealth Management conducts investment practices based on the financial situation and personal objectives of the client. Before providing these services, the firm examines the client’s current state as it pertains to aspects of his or her financial life. These can touch upon the client’s tax situation, risk tolerance and lifetime financial goals. 

The firm approaches asset allocation with risk in mind. It aims to diversify portfolios with various securities, including stocks and bonds in domestic and foreign markets.

When considering its securities selection, the firm utilizes fundamental analysis. This process involves an examination of several market factors, including economic conditions, historical data, price-to-earnings ratios, industry outlook, political conditions as they relate to the investment and general level of interest rates.

Fees Under Hemington Wealth Management

For investment management services, Hemington charges fees based on a percentage of clients' AUM. This fee can stretch from 0.25% to 1.25% annually, depending on the size of your account. However, fees are calculated and charged on a quarterly basis.

For advanced financial planning and consulting services, the firm generally charges a fee of $500 per hour. However, the final fee is subject to negotiation and reflects the scope of the services required.

What to Watch Out For

Hemington Wealth Management has not been subject to any legal or disciplinary disclosures, according to its SEC-filed Form ADV.

Opening an Account with Hemington Wealth Management

You can open an account with Hemington Wealth Management by visiting one of its offices in either Falls Church, Virginia or Chicago, Illinois. You can also call the firm over the phone.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • Finding a financial advisor in your area doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • When seeking financial advisors, you should keep your eyes peeled for distinct markers that distinguish the more experienced from the rest. Generally, you should find certified financial planners (CFPs) and registered investment advisors (RIA) that are fiduciaries. This means they are legally obligated to work in your best interest.

How Long $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 the cost of living in retirement for that location.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.