Top Financial Advisors in Virginia

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Cary Street Partners Investment Advisory in Richmond leads off our list of the top-rated financial advisors in Virginia. This fee-only practice, which conducts business as Cary Street Partners, works with both non-high-net-worth and high-net-worth individuals. The firm's institutional client base includes pensions and profit-sharing plans, charities, government entities, insurance companies and businesses.

Founded in 2003, Cary Street provides clients with financial planning, portfolio construction, asset allocation and investment management using a range of investment vehicles such as mutual funds, ETFs, equities, fixed income, annuities, structured notes and alternative investments. The firm also offers wrap fee programs, retirement plan services and access to lending and insurance solutions through third-party providers.

In addition to its headquarters in Richmond, Cary Street Partners has 19 other offices throughout Virginia, North Carolina, South Carolina, Tennessee, Texas, New Jersey and Florida.

The Cary Street team includes advisors who have earned the Certified Financial Planner™ (CFP®), certified public accountant (CPA), certified divorce financial analyst (CDFA) and chartered financial consultant (ChFC) designations, among others. 

Cary Street Partners, like many other financial advisory firms, looks to tailor its investment management services and investment strategies to the individual needs of its clients. This process involves meeting with clients and discussing such factors as risk tolerance, liquidity needs and time horizon.

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Cassaday & Co., a McLean-based advisory firm, has a collective account minimum of $500,000 per client. Its client base is primarily made up of high-net-worth individuals and families but also includes other individuals and corporate pension and profit-sharing plans, charities and businesses.

The advisory staff holds multiple certifications, including Certified Financial Planners™ (CFPs®), chartered mutual fund counselors (CMFCs), financial paraplanner qualified professionals (FPQPs), chartered retirement planning counselors (CRPCs), chartered financial analysts (CFAs) and certified investment management analysts (CIMAs), among other designations.

This is a fee-based firm, which means advisors receive commissions from the sale of securities or insurance products to clients. Although this induces a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interest, no matter what.

President and CEO Stephan Cassaday established Cassaday & Co. in 1993, after being involved in the financial services industry for 16 years. Cassaday features several different focus areas of financial planning: personal, investments, retirement, tax/cash flow, death/disability and education. If you’re looking for something more specific, each of these topics can be customized to fit your needs.

Modern portfolio theory and a “buy and hold” mindset typically drive investment decisions here. Generally, the firm believes that the market will remain efficient and that a portfolio can take advantage of this if its assets are allocated correctly and in an ultra-diversified way. Cassaday mostly invests in exchange-traded funds and mutual funds, and may allocate client assets to model portfolios.

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Navy Federal Investment Services is a fee-based firm headquartered in Vienna. Founded in 2005, the firm is a subsidiary of Navy Federal Credit Union. It primarily works with individuals, but also serves high-net-worth individuals. Account minimums range from $50,000 to $100,000 based on the investment program a client is enrolled in. 

Navy Federal offers portfolio management, financial planning and retirement plan services. Through its investment advisor representatives (IARs), the firm helps clients select suitable asset allocation programs, including access to third-party portfolio managers. Additional services include digital automated portfolios, customized financial planning and fiduciary management for retirement plans, all tailored to individual investment goals and risk tolerance.

The company's principal business activity includes acting as a dual registered investment advisory firm and broker-dealer. As a result, certain advisors may receive additional compensation when selling securities or insurance, which represents a conflict of interest. However, the firm has a fiduciary duty to act in its clients best interest, despite this conflict. 

Navy Federal emphasizes diversified, long-term asset allocation and ongoing portfolio monitoring. Philosophically, the firm integrates both active and passive management approaches and offers ESG-focused options, digital portfolios and tax-optimized overlays through third-party providers. 

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Heritage Wealth Advisors offers investment advisory services to both non-high-net-worth and high-net-worth individuals, as well as retirement plans, charities and businesses. The Richmond-based firm’s annual investment advisory fee is based on a percentage of assets under management, generally between 0.50% and 1.0%.

While the company doesn't require an annual minimum fee or asset level for investment advisory services, it may decide to charge a lesser investment management fee based on certain criteria at its sole discretion. Founded in 2005 as a limited liability company (LLC), Heritage Wealth Advisors is registered with the SEC since the fall of that same year.

The Heritage team includes advisors and other professionals who hold the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA) and certified public accountant (CPA) designations.

Heritage Wealth Advisors develops personalized investment strategies that reflect each client’s unique financial profile. In building portfolios, the firm takes into account factors such as time horizon, risk tolerance, cash flow requirements, and individual preferences. Clients seeking less risk receive more conservative allocations, while those aiming for greater growth are provided with more aggressive investment strategies.

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The Burney Company is a fee-only firm that works mainly with non-high-net-worth and high-net-worth individual clients. It also serves investment companies, retirement plans, charitable organizations, corporations and businesses.

The Burney Company has a minimum account size requirement of $750,000. Founded in 1974, The Burney Company registered with the SEC as an investment advisor in the same year. It is tied with Rembert Pendleton Jackson as the oldest advisory firms on this list. 

In addition to portfolio management, The Burney Company offers clients financial planning services, tax preparation, health care planning, sub-advisory services for other investment advisers and outsourced chief investment officer services. All assets are managed on a discretionary basis.

The Burney Company works with clients to ensure that all investment and asset allocation strategies are tailored to their individual needs and financial objectives. They take into account such factors as a client's temperament, investment experience, income requirements and true time horizon. Advisors at The Burney Company tend to use a mix of bonds, preferred stocks, real estate investment trusts (REITs), master limited partnerships (MLPs), managed futures and international equities.

The firm's team comprises advisors and analysts who hold the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA), accredited investment fiduciary (AIF) and retirement income certified professional (RICP) credentials.

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West Financial Services (WFS) is a fee-only firm that engages in financial planning, retirement plan consulting and investment management services, as well as executive and business consulting. The firm has a minimum investment requirement of $1 million, though it may be willing to waive this at its discretion.

The team holds multiple certifications, including the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA), certified employee benefits specialist (CEBS), certified investment management analyst (CIMA) designations, among others.

West Financial Services was founded in 1982. The firm mostly works with high-net-worth and non-high-net-worth individuals, as well as businesses, retirement plans and charitable organizations. The firm's financial planning services may cover a range of areas, including insurance, eudcation funding, stock options, business form and success planning and other financial topics. 

West Financial Services relies on a long-term, research-driven investment strategy focused on building globally diversified portfolios tailored to each client’s goals, risk tolerance, tax situation and time horizon. Their approach combines low-cost core index investments with actively managed funds and individual securities. Portfolios may include equities, fixed income instruments (including municipal and corporate bonds), and occasionally alternative investments, with tactical adjustments made based on disciplined analysis.

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Motley Fool Wealth Management (MFWM) is a fee-only advisory firm located in Alexandria. MFWM is the wealth management arm of The Motley Fool, LLC, which operates the popular investing website, fool.com. The firm primarily works with individuals and high-net-worth individuals, although it also serves corporations and business entitites. Account minimums can vary, although they typically start at $6,000. 

MFWM offers both discretionary and nondiscretionary advisory services. Its discretionary service is the Personal Portfolio Program, where client accounts are managed based on model portfolios. Nondiscretionary services include financial counseling for clients with at least $300,000 invested, and broader financial planning for those with $1 million or more. The firm also licenses its model portfolios to institutions. All services are based on client-provided information and tailored to individual goals and financial profiles.

The firm has a team of advisors and investment analysts who hold a variety of professional credentials, including the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA), certified public accountant (CPA), chartered retirement planning counselor (CRPC) designations, among others. 

MFWM builds client portfolios using model portfolios that reflect different investment strategies and asset classes. Strategies include U.S. large-cap aggressive growth, large-cap core, large-cap dividend-focused, small- and mid-cap, international equities, fixed income and hedged equity. Clients may choose stock-based portfolios (investing in individual equities) or index-based portfolios (investing solely in ETFs). The firm aligns portfolios with each client’s risk tolerance, time horizon and goals, emphasizing long-term investing and broad diversification.

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Rembert Pendleton Jackson (RPJ) is a fee-only firm in Vienna that caters to a diverse clientele including individuals, high-net-worth individuals, retirement and profit-sharing plans, corporations and charitable organizations.

The firm offers a comprehensive suite of services tailored to meet various financial needs. These include insurance, income tax services, cash management, education funding and retirement goals planning. Additionally, they specialize in support for special needs planning, planned giving and stock option exercise strategies. The firm also provides expert guidance in business form and succession planning, along with other financial areas as mutually agreed upon with the client.

Founded in 1974, RPJ is tied with The Burney Company as the oldest firms on this list. The RPJ staff holds a variety of financial credentials, including the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA),  chartered retirement planning counselor (CRPC) and accredited investment fiduciary (AIF).

RPJ relies on modern portfolio theory to build diversified portfolios tailored to each client’s goals, risk tolerance and time horizon. The firm primarily uses mutual funds, ETFs and index funds, and may include individual securities or third-party managers. Investment strategies are designed to optimize risk-adjusted returns through careful asset allocation, with ongoing monitoring and adjustments as client needs evolve.

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Bogart Wealth, based in McLean, Virginia, is a fee-only financial advisory firm that does not enforce a firm-wide minimum account size, though some portfolio strategies may be limited to accounts over $100,000. The firm works with a range of individual clients, including both high-net-worth and non-high-net-worth households, as well as charitable organizations.

The firm provides a full suite of services, including financial planning, investment management, and ongoing consulting. Clients may receive guidance in areas such as retirement planning, estate and tax strategies, education funding and business planning. Bogart Wealth also facilitates personal tax return preparation for eligible clients through a third-party accounting firm. 

Bogard Wealth has a team of advisors and analysts who hold a range of professional certifications, including the Certified Financial Planner™ (CFP®), chartered financial analyst (CFA), chartered financial consultant (ChFC) designations, among others.

On the investment side, the firm builds and manages portfolios using a set of structured strategies designed to align with long-term goals. Asset allocation decisions are overseen by an internal investment committee and portfolios may include mutual funds, ETFs, individual stocks, bonds, and structured notes. Strategies are diversified across domestic and international markets and may incorporate both traditional and alternative investments.

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Northwest Financial Advisors in Herndon rounds out our list of the top advisor firms in the Old Dominion State. Account minimums range from $5,000 to $50,000, depending on the type of portfolio and account a client has. Over 75% of the firm's client base is made up of individuals below the high-net-worth threhold. High-net-worth individuals and a smattering of institutional clients comprise the remainder of Northwest's clientele. 

The Northwest advisory and management teams have a number of credentialed professionals, including Certified Financial Planners™ (CFPs®) and chartered financial consultants (ChFCs), among others. As a fee-based firm, advisors on staff may receive additional compensation when selling securities or insurance in their separate capacities as registered representatives of a broker-deal or insurance agents. While this additional compensation represents a conflict of interest, Northwest Financial Advisors has a fiduciary today to act in its clients' best interests. 

Northwest Financial Advisors offers personalized investment advisory services tailored to each client's financial goals, risk tolerance and time horizon. Services include portfolio management through various LPL Financial programs, 529 plan management and financial planning. 

The firm employs a long-term investment strategy that aims to align asset allocations with clients' objectives. Portfolios may comprise mutual funds, ETFs, equities, fixed income and alternative investments like real estate investment trusts (REITs), business development companies, private equity and structured products. Strategies are guided by ongoing monitoring and periodic adjustments to reflect market conditions and client needs, with a strong emphasis on diversification and risk management.