Finding a Top Financial Advisor Firm in Remond, Washington
If you’re seeking a financial advisor in Redmond, Washington, we can help. We researched all registered financial advisors (RIAs) in Redmond to find the ones at the top. We cover crucial details like their fee structures, services and investment strategies. Use our advisor matching tool to connect with up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Personal Investment Management, Inc. Find an Advisor||$487,623,800||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||The Retirement Solution Inc. Find an Advisor||$262,666,943||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Private Advisory Group Find an Advisor||$476,742,456||$500,000|| || |
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What We Use in Our Methodology
To find the top financial advisors in Redmond, 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.
Personal Investment Management
Personal Investment Management (PIM) manages model portfolios on behalf of its clients, who include individuals, families and their related entities, trusts, estates and family businesses. It currently oversees the largest amount in assets on this list. The team has multiple financial advisory professionals and a client services specialist.
Advisory certifications include certified financial planner (CFP), chartered financial analyst (CFA), personal finance specialist (PFS), chartered retirement planning counselor (CRPC), accredited asset management specialist (AAMS), certified divorce financial analyst (CDFA), certified investment management analyst (CIMA) and chartered global management accountant (CGMA). (Some advisors have more than one designation.)
PIM operates as a fee-only fianncial planner. This means its compensation comes only from its clients. PIM doesn’t collect payments from other financial firms for recommending their products and services. The firm does not require an account minimum.
Personal Investment Management Background
PIM formed in 1984. Ronald J. Moskat and Christopher J. Reedy are the principal owners. They lead a team with more than 50 years of collective experience in the financial services industry.
The firm’s investment professionals design and manage model portfolios. They also offer financial planning in such areas as estate planning, tax planning and education funding.
Personal Investment Management Investing Philosophy
The firm gathers information about risk tolerance, time horizon and investment goals from clients. It does this through conversations and from having them complete what it calls "Investment Objective Worksheets."
Using this information, PIM assigns model portfolios to each client. These portfolios are primarily comprised of equity and fixed-income mutual funds and exchange-traded funds (ETFs). If deemed appropriate, advisors may also consider alternative investments like real estate investment trusts (REITs) that aren’t publicly traded. PIM also manages model portfolios for individual participants of employer-sponsored retirement plans.
The Retirement Solution
The Retirement Solution provides investment management, financial planning and insurance assessment services. It currently oversees hundreds of millions in assets. The team includes advisors with certifications such as certified financial planner (CFP) and chartered retirement planning counselor (CRPC).
The Retirement Solution Background
The Retirement Solution can trace its roots back to 2003. Its founder and owner, Jim Black, is a CFP with more than three decades of experience in the financial services space.
He leads a team that specializes in direct asset management services. They can also provide advice on the following topics:
- Income planning
- Portfolio analysis and design
- Tax planning
- Asset protection
- Education planning
- Retirement planning
- Estate planning
In some cases, the firm may assign third-party portfolio managers to manage portions of clients’ accounts.
The Retirement Solution Investing Strategy
The team at Retirement Solution picks investment models according to client objectives and risk tolerance. It also uses various analytical techniques to evaluate securities. These may include:
- Charting: forecasting price movements by using patterns to identify current trends and reversals
- Fundamental: determining a security's underlying value and growth potential by evaluating its historical and present data
- Technical: analyzing historical and present data to project the movement of prices based on price and trade volume
Private Advisory Group
Private Advisory Group provides financial planning and investment management services. Its financial advisors can offer guidance on many topics including cash flow management, insurance management and education funding. The financial advisory team includes certified public accountants (CPAs).
The firm requires a minimum account size of $500,000. Private Advisory Group works with the following types of clients:
- Individuals and high-net-worth individuals
- Trusts and estates
- Charitable organizations
- Business entities
Some of the firm’s advisors are licensed insurance agents. When they sell insurance products to Private Advisory Group clients, they may earn commissions from the companies that provide these products. These comissions are in addition to the advisory fees they charge to clients. This arrangement may create conflicts of interest. That said, as an investment advisor registered with the Securities and Exchange Commission (SEC), the firm and its advisors have a fiduciary duty always to work in the best interests of clients.
Private Advisory Group Background
Private Advisory Group became a registered investment advisor (RIA) in 2014. In addition to the advisors on staff, the firm may recommend an independent advisor. Fee arrangements vary, so you should carefully review any advisor’s supplement brochure before signing on with them.
Bean Holdings, LLC, a Washington limited liability company, owns approximately 96% of Private Advisory Group. In turn, CEO Chris Bean and Chief Investment Strategist Douglas Bean own most of Bean Holdings. The Beans have been managing Private Advisory Group since its founding.
Private Advisory Group offers ongoing management of client assets based on the individual’s needs. Its advisors can also offer advice on such topics as:
- Tax and estate planning
- Insurance review
- Education funding
- Retirement planning
- Cash flow management
Private Advisory Group Investing Philosophy
Private Advisory Group creates a portfolio asset allocation unique to each client. It analyzes several factors such as the client’s risk profile, objectives, time horizon and liquidity needs. Generally, portfolios are made up of equities, fixed income and alternative investments. The neutral position allocates a third of a portfolio to each asset class, and adjustments are made according to the client's profile.
Over time, the investment team will review this asset allocation and make changes if deemed appropriate based on the client’s evolving financial situation and overall market conditions. This is called rebalancing.