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 in these firms have.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Mason Investment Advisory Services Find an Advisor||$6,507,697,821||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||PagnatoKarp Partners, LLC Find an Advisor||$1,801,499,452||$500,000|| || |
|3||The Burney Company Find an Advisor||$1,684,823,900||$750,000|| || |
|4||Acorn Financial Advisory Services, Inc. Find an Advisor||$810,801,321||$1,000,000|| || |
|5||FJY Financial Find an Advisor||$493,252,727||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||MTX Wealth Management, LLC Find an Advisor||$427,760,182||$1,000,000|| || |
|7||Hopwood Financial Services, Inc. Find an Advisor||$316,483,543||$500,000|| || |
|8||ClearLogic Financial Find an Advisor||$308,566,522||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Alexander Randolph Advisory, Inc. Find an Advisor||$276,002,417||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Reston Wealth Management, LLC Find an Advisor||$246,389,800||$750,000|| || |
How We Found the Top Financial Advisor Firms in Reston, Virginia
The team at 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 10 financial advisory firms in Reston, Virginia.
Mason Investment Advisory Services
Mason Investment Advisory Services (MIAS) is a fee-based financial advisory firm with more than $6 billion in assets under management. 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 13 certified financial planners (CFPs), five chartered financial analysts (CFAs), two accredited investment fiduciaries (AIFs), two certified public accountants (CPAs), one certified public accountant/personal financial specialist (CPA/PFS), one chartered life underwriter (CLU), one chartered financial consultant (ChFC) and one chartered retirement planning counselor (CRPC).
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 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 with more than $1 billion in assets under management. 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 five certified financial planners (CFPs), three certified private wealth advisors (CPWAs), two certified investment management analysts (CIMAs), two certified public accountants (CPAs), one chartered financial analyst (CFA), one chartered market technician (CMT) and one 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
However, Pagnatokarp can provide financial services as needed. Annual asset-based fees for portfolio management services generally range from 0.58% to 1.47% depending on account size.
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 with more than $1 billion in assets under management. The firm aims for long-term returns by utilizing proprietary fundamental and quantitative techniques.
The Burney Company’s team features four certified financial planners (CFPs) and six chartered financial analysts (CFAs).
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) has more than $800 million in assets under management. It 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.
The fee-based firm's staff holds several financial certifications. It offers access to nine certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered financial consultant (ChFC) and one chartered life underwriter (CLU).
Acorn Financial Advisory Services Background
AFAS was founded in 1996. Based in Reston, it also has branches in Massachusetts, North Carolina and Maryland. 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 corporate retirement plans. The firm currently holds more than $400 million in assets under management. It’s based in Virginia, but it also runs a branch out of Texas.
The team at FJY Financial currently has five certified financial planners (CFPs) and one retirement income certified professional (RICP). FJY Financial is the only firm on this list with an RICP on staff.
To receive portfolio management services from FJY, you typically need a minimum investment of $1 million.
FJY Financial Background
FJY Financial was formed in 2006. Today, it’s primarily owned by managing member Jon Yankee. It extends its services to individuals, high-net-worth individuals,
profit sharing plans, charitable organizations and other entities.
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.
MTX Wealth Management, LLC
MTX Wealth Management, LLC is a fee-only financial services firm with more than $400 million in assets under management, overseen by three members who provide direct investment advisory services. The firm mainly caters to high-net-worth individuals. In most cases, you’d need a minimum investment of $1 million for portfolio management services.
MTX Wealth Management Background
Registered with the SEC in 2007, MTX provides investment advisory and financial planning services. It works with an external network of financial service providers, though it does not receive commissions for the sale of securities or other investment products. This arrangement may reduce the potential for conflicts of interest, as the firm has no compensation incentive to recommend one investment as opposed to another.
MTX Wealth Management Investment Strategies
MXT focuses on building the right asset allocation by examining client risk profiles, financial goals and circumstances. In addition, the firm taps into services offered by third-party providers it works with. These include Charles Schwab, Morgan Stanley, JP Morgan and UBS Financial Services.
Hopwood Financial Services, Inc.
Hopwood Financial Services, Inc. is a fee-only financial services firm with more than $300 million in assets under management. 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. Collectively, the firm features four certified financial planners (CFPs) and two 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 that manages more than $300 million in assets. 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 two certified financial planners (CFPs) and one certified public accountant (CPA).
It was featured by Washingtonian as a top money advisor between 2015 and 2017. NorthernVirginia recognized the firm as a top financial professional between 2015 and 2018.
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.
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. The firm currently manages more than $200 million in assets.
Collectively, the team includes a certified public accountant (CPA), certified financial planner (CFP), chartered financial analyst (CFA) and personal financial specialist (PFS).
Although the 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.
Reston Wealth Management, LLC
Reston Wealth Management mainly caters to high-net-worth individuals and corporate retirement plans. On the retirement plan side of the business, the firm has worked with notable companies such as Boeing and Lockheed Martin. It currently holds more than $200 million in assets under management.
The firm houses three certified financial planners (CFPs), one chartered financial consultant (ChFC), one chartered life underwriter (CLU) and one chartered retirement specialist (CRPS).
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.”
The firms clientele includes executives, business owners and senior managers. It also works with several retirement plans for the federal government, the military and major corporations like Raytheon.
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 $500,000.
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 EMoney 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.