The Top Financial Advisors in Redmond, WA

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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), chartered retirement planning counselor (CRPC), accredited asset management specialist (AAMS), certified divorce financial analyst (CDFA) and certified investment management analyst (CIMA). (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 their products and services to PIM clients. The firm does not require an account minimum, but the minimum fee is $1,000 annually.

Personal Investment Management Background

PIM formed in 1984.  Christopher J. Reedy, Rodney G. Coyan and Brian C. Fahey 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.

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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.

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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. The firm first registered as a financial advisor in 2007.

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 volumethe firm adjusts a portfolio’s asset allocation. The goal in using Tactical Asset Allocation is to improve the risk-adjusted returns of an investment portfolio

Periodically, and as needed, the firm will adjust a portfolio’s asset allocation to improve the risk-adjusted returns of a client's investment portfolio.

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Joslin Capital Advisors is a fee-based advisory firm that works with individuals, high-net-worth individuals, non-profit organizations, businesses and 401(k) plans. As a fee-based firm, its advisors may earn commissions from the sale of certain securities. This could create a potential conflict of interest but the firm and its advisors must abide by their fiduciary duty to put the needs of each client first. 

There is no minimum account size requirement to work with the firm. 

Some advisors at Joslin are insurance agents, though the firm's SEC documents say none actively sell insurance products to clients.

Joslin Capital Advisors Background

The firm was founded in 2017 by Mike Joslin, who serves as CEO and Senior Client Advisor today. 

Services offered include: 

• Investment planning
• Retirement planning
• Tax planning
• Estate planning
• Debt reduction
• Education planning
• Philanthropic planning

Joslin Capital Advisors Investing Philosophy

Joslin Capital Advisors believes in a long-term and balanced investment approach to investing for its clients' portfolios. The firm uses primarily traditional fundamental analysis, rather than technical analysis.

A typical portfolio could include stocks, bonds, real estate and cash. In addition to that core approach, a client portfolio may also have some of these investments: 

• Mutual funds
• Exchange-traded funds (ETFs)
• Publically traded securities
• Corporate debt securities
• Certificates of deposit (CDs)
• Municipals
• U.S. government securities