Finding a Top Financial Advisor Firm in Reston, Virginia
If you’re looking for a financial advisor, we can help. We gathered information about the top financial advisories in Reston, Virginia. Below, you’ll find key details about these firms, including services offered, minimum investments and client profiles. You’ll also learn about any notable certifications that the advisors at these firms hold. SmartAsset's free tool can also match you with financial advisors in your area, with the final choice of who to work with being up to you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mason Investment Advisory Services Find an Advisor||$8,330,740,673||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||PagnatoKarp Partners, LLC Find an Advisor||$2,204,970,017||$10,000,000|| || |
|3||The Burney Company Find an Advisor||$2,055,696,158||$750,000|| || |
|4||Acorn Financial Advisory Services, Inc. Find an Advisor||$956,710,848||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||FJY Financial Find an Advisor||$576,319,669||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Hopwood Financial Services, Inc. Find an Advisor||$384,106,188||$500,000|| || |
|7||ClearLogic Financial Find an Advisor||$340,054,205||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Reston Wealth Management, LLC Find an Advisor||$323,522,175||$750,000|| || |
|9||Alexander Randolph Advisory, Inc. Find an Advisor||$306,204,641||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Sentinel Wealth Management, Inc. Find an Advisor||$224,341,706||$1,000,000|| || |
How We Found the Top Financial Advisor Firms in Reston, Virginia
SmartAsset started by compiling data from all financial advisory firms in Reston that are registered with the Securities Exchange Commission (SEC). Then we eliminated any firms that faced disciplinary action within the past 10 years. We also removed any firms that didn’t provide financial planning services or individual accounts. We ranked the remaining firms from largest to smallest based on assets under management (AUM). Here are the top financial advisor firms in Reston, Virginia. All information is accurate as of the writing of this article.
Mason Investment Advisory Services
Mason Investment Advisory Services (MIAS) is a fee-based financial advisory firm. It provides financial planning and investment management to individuals, businesses, charities and other entities.
You don’t need a set account minimum to work with MIAS. Its team collectively holds several accreditations. You’ll have access to several certified financial planners (CFPs), chartered financial analysts (CFAs), accredited investment fiduciaries (AIFs), certified public accountants (CPAs) and other financially certified individuals.
As a fee-based firm, certain on-staff advisors at MIAS can earn commissions from the sale of securities. Despite this, the firm is bound by fiduciary duty to act in clients' best interests.
Mason Investment Advisory Services Background
MIAS first opened its doors in 1982. Since then, it has provided holistic wealth and investment management services to individuals and businesses as well as institutional non-profit organizations. For the latter, the firm can offer outsourced chief investment officer (CIO) data aggregation and retirement plan services.
The firm was founded as a subsidiary of Mason International, Inc., and its parent corporation.
Mason Investment Advisory Services Investment Strategies
MIAS focuses on long-term strategic asset allocation, strict rebalancing policies and a rigorous manager selection process. It generally recommends mutual funds. However, the firm aims to build each portfolio based on a client’s risk tolerance, investment objectives and other factors.
Pagnatokarp Partners, LLC
Pagnatokarp Partners, LLC is a fee-only financial advisory firm. It offers comprehensive wealth management services to ultra-high-net-worth individuals with a primary focus on founders of privately held businesses. You generally need a minimum account balance of $10 million for portfolio management services.
The firm’s team features multiple certified financial planners (CFPs), certified private wealth advisors (CPWAs), certified investment management analysts (CIMAs) and certified public accountants (CPAs). Other certifications include chartered financial analyst (CFA), chartered market technician (CMT) and certified Medicaid planner (CMP).
Pagnatokarp Partners, LLC Background
Pagnatokarp became a registered investment advisor firm in 2015. Paul A. Pagnato, Jr. and David W. Karp own the majority of the firm. The firm offers wealth management services to individual clients, businesses, charities and other organizations. It also runs a family office.
The firm specializes in the following topics:
- Investment management
- Custom financial planning
- Estate planning and wealth transfer
- Philanthropic strategy and planning
- Tax preparation
Pagnatokarp Partners, LLC Investment Strategies
Pagnatokarp generally allocates client assets across mutual funds, exchange-traded funds (ETFs) and independent managers, based on a client’s risk profile and other factors. It generally utilizes broad asset classes, including cash, fixed income, variable assets and non-directional securities such as private equity, hedge funds and venture capital.
The Burney Company
The Burney Company is an equity research and investment management firm. The firm aims for long-term returns by utilizing proprietary fundamental and quantitative techniques.
The Burney Company’s team features a handful of both certified financial planners (CFPs) and chartered financial analysts (CFAs). The firm is a fee-only operation, which means all of its compensation comes from client-paid fees and not third-party commissions.
The Burney Company Background
The Burney Company was founded in 1974 by Brig. General J.C. Burney. He along with his wife Mary Burney, Lowell Pratt, Bill Stewart, Martin Walsh, Alex Shen, Richard Bauchspies, Gil Green, and Tom Hunt own the majority of the firm. J.C. Burney still serves on the firm’s leadership team.
The fee-based firm primarily offers financial planning and portfolio management services to individuals. But it also extends its services to small businesses, pension and profit-sharing plans, trusts, estates and charitable organizations. You generally need a minimum account size of $750,000 for investment advisory services.
The Burney Company Investment Strategies
According to records filed with the SEC, “domestic equities, by far, constitute the primary type of investment, though, at the client’s direction, non-equity investments are used to create income, provide stability, and enhance portfolio diversity.”
Overall, the firm aims to construct portfolios that aim for long-term maximum returns based on a client’s risk appetite and financial situation.
Acorn Financial Advisory Services
Acorn Financial Advisory Services (AFAS) provides holistic and customizable financial planning and investment advisory services to its clients. You generally need a minimum investment of $1 million for portfolio management services, though there isn't a set account minimum.
The firm's advisory staff holds several financial certifications. It offers access to multiple certified financial planners (CFPs), with other certifications including chartered financial analyst (CFA) and chartered financial consultant (ChFC).
As a fee-based firm, AFAS employs advisors who can receive commissions for certain insurance product and securities sales to clients. Although this creates a potential conflict of interest, the firm is required to act in your best interest no matter what.
Acorn Financial Advisory Services Background
AFAS was founded in 1996. Based in Reston, it also has branches in Massachusetts, North Carolina, South Carolina, Maryland and elsewhere in Virginia. The firm works with individuals, profit-sharing plans, trusts, estates, charities and other entities.
It focuses on estate planning, insurance, retirement planning and education funding. Its specialized services include the following:
- Lifestyle asset acquisition
- Expense management and reporting
- Philanthropic planning
- Advising on financing for family assets
However, the firm can tailor services to your individual or family needs.
Acorn Financial Advisory Services Investment Strategies
Unless directed otherwise by the client, AFAS will construct a globally diversified portfolio to hedge against market risks and volatility. The firm deploys a variety of investment strategies based on the client’s risk profile, goals and other considerations. These include long-term purchases, short-term purchases, trading, short sales, margin transactions and covered-call option writing.
FJY Financial offers comprehensive financial planning and investment advisory services to individuals. It also works with pensions, profit sharing plans and charities. The firm is based in Virginia, but it also runs a branch out of Texas.
The team at FJY Financial currently has a handful of certified financial planners (CFPs) on staff. You dont' need to meet a preset minimum account size to receive portfolio management services from FJY, though the firm may impose one as they see fit.
Some of the advisors at FJY Financial have the opportunity to earn commissions from insurance sales. Despite this, the firm is legally required to act in your best interest because of its fiduciary duty.
FJY Financial Background
FJY Financial was formed in 2006. Today, it’s primarily owned by managing member Jon Yankee.
The firm can offer guidance around several aspects of your financial life including the following:
- Cash-flow planning
- Education funding through 529 college savings plans and more
- Income tax planning
- Risk management and insurance management
- Retirement and estate planning
FJY Financial Investment Strategy
When it comes to investment strategies, FJY Financial steers away from market timing. So it won’t attempt to pick stocks or base asset allocation on projections of future market volatility. It aims to build a portfolio based on your individual needs and conditions. These investment strategies may involve long-term purchases and short-term purchases.
Hopwood Financial Services, Inc.
Hopwood Financial Services, Inc. is a fee-only financial services firm. Compared to most firms on this list, it requires a smaller minimum investment for portfolio management services. That minimum is $500,000. But the advisory practice, as others on this list, may negotiate other minimums based on certain circumstances.
The firm’s team fosters a total of more than 100 years of experience in the financial services industry. The firm features both certified financial planners (CFPs) and chartered financial analysts (CFAs).
Hopwood Financial Services Background
Hopwood splits its services into two categories: financial planning and investment management. In both roles, the firm serves as a fiduciary. This means it’s legally obligated to always work in your best interest. As a fee-only advisor, it doesn’t collect compensation for recommending or selling specific investment products.
Hopwood Financial Services Investment Strategies
Hopwood Financial’s investment committee screens mutual funds, ETFs and stocks before placing it on its approved list. The scope of the analysis varies depending on the security in question. Like most advisories, the firm seeks to build portfolios that reflect the client’s goals and risk capacity.
ClearLogic Financial is a fee-only financial services firm. It mainly serves federal professionals, military personnel, recent retirees and business owners. As a fiduciary advisor, it provides an array of financial planning and investment management services.
The ClearLogic team houses advisors with certifications such as certified financial planner (CFP) and certified public accountant (CPA).
The firm requires no minimum investment for its services. However, it imposes a minimum fee of $7,500 per year for portfolio management services.
ClearLogic registered with the SEC in 2004 under the name Ticknor Atherton & Associates. It adopted its current name in 2015. Chief Compliance Officer Samuel Mark Atherton owns 100% of equity in the firm. It provides a range of financial planning and investment management services including the following:
- Asset consolidation
- Retirement advice
- Insurance analysis
- Tax and estate planning
ClearLogic Financial Investment Strategies
ClearLogic makes investment decisions driven by strategic asset allocation based on Modern Portfolio Theory.
Records the firm filed with the SEC state, “We believe markets are relatively ‘efficient,’ and that investors' returns are determined principally by asset allocation decisions, not market timing or stock picking. Hence, Adviser does not forecast business cycles or interest rates, or shift allocations between stocks and bonds in response to market timing decisions.”
The firm adds that it only infrequently revises a target allocation when it deems it appropriate based on client’s individual circumstances. It also periodically rebalances that target allocation while taking tax impact and transaction costs into consideration.
Reston Wealth Management, LLC
Reston Wealth Management mainly caters to individuals, but also works with corporate retirement plans and charities. On the retirement plan side of the business, the firm has worked with notable companies such as Boeing and Lockheed Martin.
The firm houses a handful of certified financial planners (CFPs). Other advisory certifications include chartered financial consultant (ChFC), chartered life underwriter (CLU) and chartered retirement specialist (CRPS).
Some members of the financial advisor team at Reston can earn commissions from the sale of insurance products to clients. While this lends itself to a potential conflict of interest, the firm is legally bound to act in clients' best interests due to its fiduciary duty.
Reston Wealth Management, LLC Background
Reston Wealth Management was founded in 2003 by Bob Tucker, who currently serves as president. His wife and he own the company today. The firm aims to make financial planning as personal as possible. According to its website, “Our mission is to foster a lasting relationship with you founded on mutual trust, concern, respect, and to honor God in all we do.”
Its services revolve around business planning, philanthropic giving, tax planning, education funding, estate planning and more. To receive portfolio management services from Reston, you generally need a minimum investment of $750,000.
Reston Wealth Management, LLC Investment Strategies
Reston conducts its own market research to create globally diversified portfolios for its clients. It also extends complimentary access to an online advisor. This online portal allows you to link all your financial accounts from checking to mortgages to give you the full picture of your net worth. You can use it to build a budget, monitor cash flow and save important financial documents.
From an investment philosophy standpoint, Reston steers away from market timing, stock picking and similar strategies. Instead, it focuses on building the right asset allocation that reflects a client’s risk tolerance and financial situation in order to capture long-term returns.
Alexander Randolph Advisory, Inc.
Alexander Randolph Advisory offers a variety of investment, wealth management, tax and accounting services to a clientele of mostly individual investors.
Collectively, advisor certifications at the firm include certified public accountant (CPA), certified financial planner (CFP), chartered financial analyst (CFA) and personal financial specialist (PFS).
Although this fee-only firm doesn’t require an account minimum for its services, the minimum annual fee for new clients is generally $5,000.
Alexander Randolph Advisory, Inc. Background
Alexander Randolph Advisory was founded in 1991. Its current principal owner is Gary W. Schlaffer. The bulk of the firm’s clients is made of individuals for whom Alexander Randolph Advisory manages retirement plans, trusts and other accounts. About 5% are institutions such as corporate retirement plans.
Alexander Randolph Advisory, Inc. Investment Strategies
Alexander Randolph Advisory builds most portfolios utilizing publicly traded stocks, bonds and mutual funds. It engages in fundamental analysis to identify securities it believes have potential for above-average return compared to other securities with similar risk of loss. It also aims to identify those that are below average risk of loss compared to other securities with similar potential for return.
Sentinel Wealth Management, Inc.
Sentinel Wealth Management, Inc. rounds off our list of the top financial advisory firms in Reston, Virginia. Sentinel is the smallest firm on our list, serving almost entirely individuals both with and without a high net worth. It also works with a single employer sponsored retirement plan. Normally, you'll need at least $1 million in assets to work with Sentinel. However, the firm may waive this requirement at their discretion.
Sentinel is a fee-only firm, meaning that it does not receive any third-party commissions. A fee-based firm operates differently, accepting third-party commissions and therefore being subject to a potential conflict of interest.
Sentinel Wealth Management Background
Sentinel has been around since 2002, when it first registereed as an investment advisor with the SEC. J. Mark Joseph owns the firm and boasts over 25 years of investment experience. He is also heavily certified. His certifications include certified financial planner (CFP), certified public accountant (CPA), personal financial specialist (PFS), chartered financial consultant (ChFC) and chartered life underwriter (CLU).
Sentinel provides clients with investment management and financial planning. All of the firm's assets are managed on a discretionary basis.
Sentinel Wealth Management Investment Strategy
Sentinel's investment strategies are crafted based on each client's individual investment profile. Advisors select an asset allocation strategy based on a client's risk tolerance, liquidity needs, investment objectives and overall financial situation. Advisors generally use no-load mutual funds to then craft a portfolio for clients.
Advisors at Sentinel use modern portfolio theory as the basis for their investment strategies. Instead of looking at each individual investment and evaluating risk on a granular level, they evaluate the risk of an entire portfolio. The firm typically takes a long-term approach to investing.