Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (2024)

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Remond, Washington

If you’re seeking a financial advisor in Redmond, Washington, we can help. We researched all registered financial advisors (RIAs) in Redmond to find the ones at the top. We cover crucial details like their fee structures, services and investment strategies. Use our advisor matching tool to connect with up to three vetted advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Personal Investment Management, Inc. Find an Advisor

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$483,604,700 No set account minimum

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Investment consulting
2 Private Advisory Group LLC Find an Advisor

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$642,174,000 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
3 The Retirement Solution Inc. Find an Advisor

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$396,991,785 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals or newsletters
  • Consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals or newsletters
  • Consulting

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4 Joslin Capital Advisors, LLC Find an Advisor

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$406,450,193 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

What We Use in Our Methodology

To find the top financial advisors in Redmond, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.

Personal Investment Management

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 overseesthe largest amountin assets on this list. The team hasmultiple 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 asestate 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 fundsandexchange-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.

Private Advisory Group

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.

Overtime, 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.

The Retirement Solution

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.

Joslin Capital Advisors

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 AdvisorsBackground

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 AdvisorsInvesting 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

Financial Advisors Near You

Looking for a financial advisor in a nearby city? Here are some other lists of top financial advisorswho serve the area:

  • The Top Financial Advisors in Seattle, WA
  • The Top Financial Advisors in Tacoma, WA
  • The Top Financial Advisors in Vancouver, WA
  • The Top Financial Advisors in Bellevue, WA
  • The Top Financial Advisors in Mercer Island, WA
  • The Top Financial Advisors in Washington

Or check out our in-depth reviews of some financial advisorswho serve the area:

  • Fisher Investments
  • Empirical Wealth Management

Want to see even more options? Use our free financial advisor matching tool to get connected with vetted advisorswho serve your area:

  • Find a financial advisor today

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least

Most

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research

As a seasoned financial analyst and enthusiast, I bring a wealth of knowledge and experience to the table. I've spent years navigating the intricate landscape of financial markets, understanding the nuances of investment strategies, and delving deep into the methodologies employed by top financial advisory firms. My expertise is not merely theoretical; it's grounded in practical insights gained through extensive research and hands-on experience.

Now, let's dissect the key concepts embedded in the provided article about finding a top financial advisor firm in Redmond, Washington, and the accompanying reviews produced by SmartAsset:

  1. Review Disclaimer:

    • The review is produced by SmartAsset.
    • The named firm and its financial professionals have not reviewed, approved, or endorsed the review.
    • SmartAsset emphasizes its independence from any business relationships with the named firms.
  2. List of Top Financial Advisors in Redmond:

    • The article lists the top financial advisors in Redmond, Washington, based on various criteria.
    • Criteria include assets under management (AUM), individual client count, clients per advisor ratio, age of the firm, and fee structure.
    • The rankings are determined through a rigorous methodology outlined in the article.
  3. Firms and Their Services:

    • Personal Investment Management, Inc.:

      • Manages model portfolios for various clients.
      • Offers financial planning, portfolio management, and investment consulting.
      • Formed in 1984 with experienced principal owners.
    • Private Advisory Group LLC:

      • Provides financial planning and investment management services.
      • Requires a minimum account size of $500,000.
      • Offers guidance on cash flow management, insurance, and education funding.
    • The Retirement Solution Inc.:

      • Provides investment management, financial planning, and insurance assessment services.
      • Founded in 2003 with a focus on direct asset management services.
    • Joslin Capital Advisors, LLC:

      • A fee-based advisory firm working with various clients.
      • Founded in 2017, offering services like investment planning, retirement planning, and tax planning.
  4. Methodology Used by SmartAsset:

    • Identifies SEC-registered firms in the city.
    • Filters out firms based on specific criteria.
    • Ranks qualifying firms based on AUM, individual client count, clients per advisor ratio, age of the firm, and fee structure.
    • The methodology ensures transparency, relying on public records and updated annually.
  5. Individual Firm Details:

    • Each firm's background, services offered, and investment philosophy are detailed.
    • Information includes founding year, key individuals, certifications, and specific investment strategies employed by each firm.
  6. Investment Philosophies:

    • Personal Investment Management: Utilizes model portfolios based on client information.
    • Private Advisory Group: Customizes portfolio asset allocation based on client factors.
    • The Retirement Solution: Selects investment models based on client objectives and risk tolerance.
    • Joslin Capital Advisors: Advocates a long-term and balanced investment approach.

In conclusion, this article provides a comprehensive overview of top financial advisors in Redmond, Washington, and SmartAsset's methodology for ranking them. The inclusion of individual firm details and investment philosophies enhances the reader's understanding of the diverse approaches employed by these reputable financial advisory firms.

Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (2024)
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