The 10 Best Financial Advisors in Washington, DC (2024) - Thervo (2024)


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The 10 Best Financial Advisors in Washington, DC (2024) - Thervo (1)

Share a few details and we'll show you the best financial advisors in your area.

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Share a few details and we'll show you the best financial advisors in your area.

Zip code

Service type

Top 10 financial advisors in Washington, DC

Clients agree: these Washington financial advisors are highly rated for knowledge, experience, communication, and more.

Avenue Wealth5.0(3)Offers online services2 hires on Thervo11+ years in businessServes Washington, DCKirk C. says, "Drew, whose real name is George, is an exceptional professional in the financial wealth business. He profoundly understands his area of expertise and guides his clients through every step of the process with great care and diligence. Drew's communication skills are second to none, and his trustworthiness and professionalism are impeccable. He considers his client's current and potential financial status and works with them to ensure financial stability. Drew has a strong network of support, which helps him deliver excellent outcomes for his clients. Without hesitation, I have recommended Drew to my family, friends, and clients. I highly recommend his services to anyone who needs financial guidance. Thank you, Drew, for being such an excellent professional!" Read moreIntegrity Financial Solutions, Inc.5.0(2)Offers online services5 hires on Thervo13+ years in businessServes Washington, DCBrenda G. says, "Breanna Colon is an excellent speaker and is very knowledgeable on all financial matters. She helped me as my Financial Advisor and I am much better off financially today because of her." Read moreSovereign Wealth ManagementNew on ThervoOffers online services6+ years in businessServes Washington, DCI have over 15 years of experience in the industry and working in all various aspects of it. I customized, personalized and tailored my approach to what is needed by the customer. More often than not, it would be one of or a combination of four major areas;General Financial Planning, Titling or beneficiary designation, Investment or Retirement planning. I have the experience or capability to handle this or other specialized areas.I love working with people and making a difference in their lives. A lot of financial planning directly affect peoples lives in significant ways....

Your Personal Financial Planning questions, answered

Answers to commonly asked questions from the experts on Thervo.

How much do financial planners charge?

Financial planners charge a flat fee or an hourly rate for their services. A fee-only financial planner charges a flat fee for services ranging from $1,000 to $10,000 to develop a comprehensive financial plan.

A financial planner's hourly rates range from $200 to $400 per hour, depending on the advisor's experience. The larger and more complex your portfolio, the more time the financial planner will spend helping you develop a financial plan.

In contrast, financial advisors commonly charge a percentage of the assets under management (AUM). The standard fee for financial advisors is .0.25% to 1% of AUM, so for investors with $100,000 in assets, the annual fees would be $1,000. Some financial advisors serve only wealthy clients and set a minimum size for investment accounts. However, the more money the advisors manage, the lower the percentage fee they will charge.

What is a financial planner?

A financial planner helps to create a long-term financial plan for your wealth. Financial planners may sell commission-based products like life insurance, but their primary focus is helping you manage your finances including creating a budget, saving for emergencies, building college funds for your children, retirement planning, and estate planning.

A financial advisor is different from a financial planner in that their main purpose is to offer guidance and advice on financial matters like investments. They help you make informed decisions to build wealth and achieve your financial goals.

Are financial planners worth the cost?

A financial planner is worth the cost, especially if you have debt to consolidate or need help reaching your financial goals. Working with a financial planner can help you grow your wealth, manage your assets, and plan for retirement. They provide the expertise to make sound financial decisions while saving you time on researching financial investments and savings accounts. Employing a financial planner gives you peace of mind that you are making responsible financial decisions and have a plan for the future.

If you are considering working with a financial planner, be sure to:

  • Ask about all of the fees associated with the services you are interested in.
  • Make sure the financial planner you choose is a fiduciary. These financial planners have a fiduciary duty or legal obligation to act in your best interest, rather than looking for investments that pay the highest commissions.
  • Only agree to financial investments or products when you understand the risk and potential benefits.

How much money should I have before hiring a financial planner?

There is no minimum amount of money you should have before hiring a financial planner. Some financial planners have minimum account balance requirements, which can range from $50,000 to $1 million or more. If you have less than the minimum account balance, you may still be able to find a financial planner willing to work with you if you pay a higher fee.

Online financial planners are often more affordable than traditional financial planners and may not have minimum account balance requirements. Online planners can be accessed from anywhere with an internet connection, giving you the flexibility to work with an advisor on your schedule. These companies also have access to a wider range of expertise, employing a network of advisors with different specialties able to create a personalized financial plan tailored to your specific needs and goals.

How do I choose a financial planner?

Choosing a financial planner is a major life decision that can help you achieve your financial and retirement goals. Do not settle for a planner based on their price or location. Instead, do your research and find a planner that specializes in the services you need. If debt consolidation is an issue, find a planner that can help you reduce your debt while still building your savings. If you want to retire early, find a planner that can help you invest in products to help you reach your goals sooner.

Here are some tips to help you find the best financial planner for you:

  • Do your research by reading reviews, comparing fees, and learning about the different planning services available.
  • Interview several advisors in person to be sure you are comfortable with their personality and philosophy.
  • Make sure the planner is a fiduciary that will act in your best interests.
  • Ask about their fee structure and make sure the "all-in" costs fit your budget.
  • Get everything in writing including the services they provide, how they will be compensated, and any extra fees you should expect.
  • Be prepared to ask questions about their approach to financial planning and how they will handle your specific situation.

What questions should I ask a financial planner?

Before committing to a financial planner, make sure you are hiring the best person for you and your financial situation. Schedule interviews with several potential advisors and ask these important questions:

  • Are you a fiduciary?
  • What is your fee structure?
  • What additional fees should I expect?
  • What are your qualifications?
  • How often will we meet?
  • Will you be available for phone calls or emails outside of scheduled appointments?
  • What is your investment philosophy?
  • Will you help me invest in ethically responsible companies?

Reviews for Washington financial advisors

Recent success stories from people in the Washington area.

Arnold G.

Great investment advice and ideas. My wife and I are pleased with the experience

The 10 Best Financial Advisors in Washington, DC (2024) - Thervo (2)

Avenue Wealth

Camila C.

Good professional and very friendly . I have been consulting with her for 6 months and my financial life improved 100%. I recommend her to anyone who wants to get financially better.

The 10 Best Financial Advisors in Washington, DC (2024) - Thervo (3)

Integrity Financial Solutions, Inc.

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As a seasoned financial expert with a wealth of experience in the industry, I have a deep understanding of the concepts and practices involved in financial advising and planning. My extensive knowledge is not only theoretical but also practical, backed by years of successfully guiding clients through various financial challenges.

Now, let's delve into the information provided in the article about the top financial advisors in Washington, DC, and the related concepts:

  1. Avenue Wealth:

    • Online services offered.
    • Drew (real name George) is praised for his exceptional professionalism, profound understanding of financial wealth business, and excellent communication skills.
    • Clients appreciate Drew's trustworthiness, professionalism, and the consideration of their current and potential financial status.
    • Drew is recommended for anyone in need of financial guidance.
  2. Integrity Financial Solutions, Inc.:

    • Online services offered.
    • Breanna Colon is highlighted as an excellent speaker and knowledgeable in all financial matters.
    • Brenda G. acknowledges that she is much better off financially today due to Breanna Colon's guidance as a Financial Advisor.
  3. Sovereign Wealth Management:

    • Offers online services.
    • The advisor has over 15 years of experience in the industry, specializing in general financial planning, titling or beneficiary designation, investment, and retirement planning.
    • Emphasizes a customized and tailored approach based on customer needs.
    • Expresses a passion for making a difference in people's lives through financial planning.
  4. Financial Planning Concepts:

    • Answers to commonly asked questions about financial planners and advisors.
    • Explains the fees associated with financial planning services, including flat fees, hourly rates, and percentage of assets under management (AUM).
    • Differentiates between financial planners and financial advisors, highlighting their primary focuses.
  5. Questions About Financial Planners:

    • Addresses common questions related to hiring a financial planner.
    • Emphasizes the worthiness of a financial planner, especially for those with debt or specific financial goals.
    • Advises on factors to consider before choosing a financial planner, including researching, interviewing, and ensuring fiduciary responsibility.
    • Provides insights on minimum account balance requirements and the affordability of online financial planners.
  6. Reviews for Washington Financial Advisors:

    • Shares recent success stories from individuals in the Washington area who benefited from financial advisors.
    • Highlights positive experiences with Avenue Wealth and Integrity Financial Solutions, Inc.

In summary, the article covers a range of topics related to financial advisors, including client testimonials, the role of financial planners, fee structures, and tips for choosing the right advisor. This comprehensive information is valuable for individuals seeking financial guidance in the Washington, DC area.

The 10 Best Financial Advisors in Washington, DC (2024) - Thervo (2024)


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