Finding a Top Financial Advisor in McLean, Virginia
If you're trying to find a financial advisor, the process can be a challenge. But we’re here to help. We dove deep into financial data to bring you the top financial advisors in McLean, Virginia. We narrowed down our list based on factors like the size of assets under management (AUM) and scope of services provided. To choose from up to three advisors in your area, try SmartAsset's free financial advisor matching tool.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Sullivan, Bruyette, Speros & Blayney, LLC Find an Advisor||$4,294,682,184||$1,000,000|| || |
|2||Cassaday & Co., Inc. Find an Advisor||$3,043,036,873||$500,000|| || |
|3||Andersen Tax, LLC Find an Advisor||$2,088,213,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||West Financial Services, Inc. Find an Advisor||$1,716,705,284||$1,000,000|| || |
|5||United Income, Inc. Find an Advisor||$1,199,185,772||$100,000|| || |
|6||Bogart Wealth, LLC Find an Advisor||$947,487,302||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Octagon Financial Services, Inc. Find an Advisor||$801,611,125||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Bernhardt Wealth Management Find an Advisor||$490,245,651||$1,000,000|| || |
|9||Harbour Capital Advisors, LLC Find an Advisor||$407,101,244||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Brown Miller Wealth Management, LLC Find an Advisor||$336,127,670||$500,000|| || |
How We Found the Top Financial Advisors in McLean, Virginia
The team at SmartAsset gathered information from all advisory firms in McLean that are registered with the Securities and Exchange Commission (SEC). We then eliminated firms that faced disclosures or disciplinary issues in the past 10 years and didn’t manage individual accounts. Moving forward, we ranked the remaining firms based on the size of AUM, from largest to smallest, to bring you the top 10 financial advisor firms in McLean, Virginia. All information is accurate as of the writing of this article.
Sullivan, Bruyette, Speros & Blayney
Sullivan, Bruyette, Speros & Blayney (SBSB) is a financial advisory firm that provides investment portfolio management, financial planning and pension management services. For portfolio management services, you generally need at least $1 million. This is a fee-only firm.
If you work with SBSB, you’ll have access to a team of professionals with notable industry certifications. It features a large amount of certified financial planners (CFPs) and certified public accountants (CPAs), while also employing advisors who are certified private wealth advisors (CPWAs), certified financial analyst (CFAs), personal financial specialists (PFS) and accredited investment fiduciaries (AIFs).
Sullivan, Bruyette, Speros & Blayney Background
SBSB first opened its doors in McLean in 1991, and SBSB Holdings, LLC currently owns the fee-based firm. It serves individuals, businesses, trusts and non-profit organizations. Principals and Co-CEOs James Bruyette and Gregory Sullivan run the firm.
Sullivan, Bruyette, Speros & Blayney Investing Strategy
SBSC builds portfolios for its clients based on factors such as their risk tolerance and investment objectives. It generally focuses on long-term purchases of securities that will stay in your portfolio for at least a year. However, it also engages in short-term purchases and short sales when it deems appropriate.
Cassaday & Co.
This fee-only firm requires a minimum investment of $500,000 across your family. For multiple years, Barron’s has recognized Cassady & Co., Inc. as one of the top financial advisory firms in the state of Virginia.
The advisory team features a wide range of financial certifications. On staff, there are several certified financial planners (CFPs), chartered mutual fund counselors (CMFCs), financial paraplanner qualified professionals (FPQPs), certified fund specialists (CFSs), chartered retirement planning counselors (CRPCs), chartered financial analysts (CFAs), and certified investment management analyst (CIMAs). There are other, more niche certifications at the firm as well.
Cassaday & Co. Background
Cassaday & Co. was founded in 1993. Before then, the firm’s chairman and CEO Stephan Cassaday had been working in the financial services space for nearly two decades.
The firm provides an array of services around investment advice, financial planning, retirement planning, tax and cash-flow analysis, death and disability financial planning and education funding.
Cassaday & Co. Investing Strategy
Cassaday & Co.’s investment strategy generally focuses on long-term planning driven by Modern Portfolio Theory. So it focuses heavily on building an asset allocation strategy that reflects your risk tolerance and long-term investment goals.
The firm generally constructs client portfolios with broadly traded, open-end mutual funds or conservative fixed-income securities.
Anderson Tax, LLC is a fee-only firm that provides financial planning, portfolio management services and other advisory services. Unlike most firms on this list, it does not require a set account minimum. However, some investment options may require one. For instance, you need a minimum investment to access mutual funds with certain share classes that allow for lower expense fees.
Anderson Tax Background
Formerly known as WTAS, Anderson Tax went into business with its new name in 2002. Since then, it has offered a variety of tax, valuation and financial advisory services. It serves mostly high-net-worth individuals. But it also extends services to trusts, foundations, endowments, businesses, pensions, profit-sharing plans and charitable organizations.
Anderson Tax Investment Strategy
Anderson Tax examines the client’s financial situation and goals in order to construct a strategic investment plan and target asset allocation that reflects their risk tolerance. It focuses on the long term by taking into account projected future income and spending habits as well as inflation and tax policy changes.
West Financial Services
West Financial Services (WFS) is a fee-only firm that engages in financial planning, retirement plan consulting and investment management services, as well as executive and business consulting.
The team features several certified financial planners (CFPs) and chartered financial analyst (CFAs). Other advisory certifications include certified employee benefits specialist (CEBS), certified investment management analyst (CIMA) and chartered alternative investment analyst (CAIA).
West Financial Services Background
WFS was founded in 1982. Today, it’s a wholly owned subsidiary of Sandy Springs Bancorp, Inc. It mostly works with high-net-worth individuals, businesses, retirement and other profit-sharing plans as well as charitable organizations.
In addition to investment advisory services, it offers direct financial planning services around several categories. These include insurance, business succession planning and stock option exercise strategies. The firm can also help you manage a 529 college savings plan and other education-related funds.
West Financial Services Investment Strategy
WFS aims to build investment portfolios based on their clients’ financial circumstances, risk tolerance and goals. Accounts are both discretionary and non-discretionary. This means the firm either does trades without running them by the client first or it allows the client to have control of asset allocation and other aspects of their portfolios.
United Income, Inc. is an advisory firm that works with individuals and high-net-worth individuals, corporations, charitable organizations and pension plans. United is a fee-based firm and is part of Capital One.
The firm's team of advisors includes chartered financial analysts (CFAs), certified financial planners (CFPs) and accredited investment fiduciaries (AIFs). The firm has a $100,000 account minimum.
As a fee-based firm, certain on-staff advisors here can earn commissions from insurance product sales. Despite this, the firm is legally bound by fiduciary duty to act in clients' best interests.
United Income Background
Matt Fellowes founded United Income in April 2016. Previously, he had held positions at HelloWallet, Morningstar and The Brookings Institution. Fellowes still acts as CEO of the firm and is a principal owner along with Morningstar, Inc. and Capital One, National Association.
The firm offers portfolio management services on both a discretionary and non-discretionary basis, as well as financial planning services and retirement plan consulting services. The firm also sponsors two wrap fee programs.
United Income Investment Philosophy
United Income prioritizes global diversification in its clients’ portfolios, taking into account each client’s time horizon, risk tolerance, other income sources and financial goals. The firm relies on correlation analysis and projections from Morningstar, Inc. to help it determine investments that capture assets classes well while being low-cost relative to other investments in the same asset class.
The firm primarily invests in low-cost exchange-traded funds (ETFs), but it may also recommend stocks, bonds, mutual funds, corporate debt securities or governmental securities.
Bogart Wealth, LLC is a fee-based registered investment advisor (RIA). The firm serves in a fiduciary capacity. This means it’s legally obligated to work in your best interests at all times. It also offers services through its custodian Charles Schwab. Bogart Wealth doesn’t impose any account minimums.
The firm has multiple financial certifications among its advisors. These include the certified financial planner (CFP), chartered financial analyst (CFA) and chartered financial consultant (ChFC) designations.
Certain advisors at this firm have the ability to earn commissions from selling securities or insurance products, which causes a potential conflict of interest. The firm's fiduciary duty legally requires it to act in your best interest, though.
Bogart Wealth Background
Bogart Wealth registered with the SEC as an investment advisor in 2016. The firm provides investment advice along with other financial planning services through its wrap-fee program. It specializes in the following areas:
- Business planning
- Tax and cash-flow management
- Trust and estate planning
- Retirement planning
- Education funding
Bogart WealthInvestment Strategy
Bogart Wealth builds portfolios while emphasizing asset allocation. To diversify your portfolio, the firm may utilize a wide range of securities including stocks from small- to large-cap companies, international equity, bonds and cash or cash equivalents.
The firm focuses on long-term investing and generally steers away from active management strategies. “We believe in long-term investing and do not suggest trying to time the markets,” Bogart states. “Although we periodically reduce exposure to hot sectors and rotate funds to out-of-favor sectors, we try not to let emotional decisions replace rational judgment. We believe sticking to the plan can provide superior returns.”
The practice may make appropriate changes and contact you to discuss options during certain conditions such as heightened volatility in the stock market.
Octagon Financial Services
Octagon Financial Services, Inc. (OFC) is a fee-based registered investment advisor that primarily serves professional athletes and entertainers. The team at OFC features several certified financial planners (CFPs) and a few certified public accountants (CPAs).
This is a fee-based firm, which means that some of the advisors OFC employs can earn commissions from the sale of insurance products or securities. However, the firm is legally bound by fiduciary duty to act in clients' best interests at all times.
Octagon Financial Services Background
Octagon Financial Services has been providing wealth management services since 1983. It works mostly with high-net-worth individuals. However, the firm doesn’t require a set account minimum. OFC offers various services to its clients along with their related trusts, estates and foundations if requested.
The firm focuses on the following services:
- Financial Planning
- Portfolio Management
- Cash Management
- Tax Services
In addition, the firm offers support through several well-known partners in the financial services industry. These include Fidelity Investments, SunTrust Bank and Dynasty Financial Partners.
Octagon Financial Services Investment Strategy
Octagon Financial Services deploys both long-term and short-term investment strategies it deems appropriate based on a client’s profile. The firm would focus on long-term purchases if it believes a particular security is undervalued or if it seeks exposure to a specific asset class throughout a period of time. It engages in short-term purchases when it projects that conditions can soon trigger a favorable swing in a security’s price.
Bernhardt Wealth Management
Bernhardt Wealth Management is a financial advisor firm that acts as a fiduciary. This means the firm collects fees only for the services it provides. It doesn't collect commissions or other payments for recommending specific investments. To work with the firm, you typically need a minimum investment of $1 million.
The team houses a team of several certified financial planners (CFPs). Other certifications at the firm include accredited investment fiduciary (AIF), accredited asset management specialist (AAMS) and certified divorce financial analyst (CDFA).
This is a fee-only firm, which means all of its compensation comes from client-paid fees and not third-party sales commissions.
Bernhardt Wealth Management Background
BMW has been providing investment advisory services since 1994. Its founder Gordon Brenhardt has been in the financial services business since the 1980s and has worked for PriceWaterhouseCoopers. The firm works with individuals, businesses and pension and profit-sharing plans.
Bernhardt Wealth Management Investment Strategy
BMW generally recommends investing in exchange-traded funds (ETFs), no-load mutual funds, index funds, variable annuities, individual bonds and short-term paper. However, it may also turn to other types of securities if appropriate to your risk tolerance and investment goals.
Harbour Capital Advisors
Harbour Capital Advisors, LLC (HCA) is a fee-only investment advisory firm. This title means that all of its compensation comes from the advisory fees that clients pay. On the other hand, a fee-based firm would earn both advisory fees and third-party commissions for things like securities or insurance sales.
The team has two chartered financial analysts (CFA) on staff.
Harbour Capital Advisors Background
HCA is an independent, privately owned investment advisory firm that formed in 2011. While it works entirely with high-net-worth individuals, it requires no minimum account size. However, it does impose a minimum annual fee of $15,000. Family offices services have a minimum account size of $10 million.
The advisory is owned by Harbour Lights Holding Company, Inc., Elizabeth S. Duff and Thomas S. Kim. Both individuals work for the firm. HCA focuses on wealth planning, investment advisory services and family office services.
Harbour Capital Advisors Investment Strategy
HCA makes both short-term and long-term purchases depending on the client’s financial profile and investment goals. When building portfolios, it also considers other factors such as time horizon, risk tolerance and investment preferences. HCA offers these services on a discretionary and non-discretionary basis.
Brown Miller Wealth Management
Brown Miller Wealth Management, LLC is among the youngest firms on this list. The firm works with about an even number of both non-high-net-worth individual and high-net-worth individual clients. These clients make up the majority of the firm's clients. Other clients include charities and businesses. To have an account open with this firm, you'll need at least $500,000 in assets, though that number may range up to $1 million in certain cases.
As a fee-only firm, Brown Miller has no third-party affiliations through which it might be able to receive commissions. A fee-based firm operates differently, receiving third-party commissions and being subject to a potential conflict of interest.
Brown Miller Wealth Management Background
Brown Miller Wealth Management was founded in 2019, registering with the SEC just a few months ago. Christopher W. Brown and David A. Miller are the firm's two principal owners. Both gentlemen are certified financial planners (CFP). Brown is also a certified investment management analyst (CIMA).
Brown Miller provides its clients with the following services:
- Investment and wealth management
- Selection of Independent Managers
- Financial planning and consulting
- Fiduciary and non-fiduciary services for plan sponsors
Brown Miller Wealth Management Investment Strategy
Brown Miller Wealth Management's investment strategy is similar to that of many other firms. It looks to develop personalized investment strategies based on the individual profile of each client. Advisors at the firm work with clients to determine their tolerance for risk and investment objectives at the start of each new relationship. They look to provide comprehensive wealth management solutions to help client achieve their financial goals.
The firm and its advisors primarily invest client assets in equity and debt securities, exchange-traded funds (ETFs), and mutual funds, depending on the specific goals and needs of the client. The firm also recommends that clietn invest a portion of their assets with independent managers.