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
  • Financial planning
  • Portfolio management
  • Investment consulting

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:

  • Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (5)

    AUM

    Firms with more total assets under management are ranked higher.

  • Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (6)

    Individual Client Count

    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.

  • Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (7)

    Clients Per Advisor

    Firms with a lower ratio of clients per financial advisor are ranked higher.

  • Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (8)

    Age of Firm

    Firms that have been in business longer are ranked higher.

  • Top 4 Financial Advisors in Redmond, WA | SmartAsset.com (9)

    Fee Structure

    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

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 financial expert deeply immersed in the industry, it's clear that the article you've shared is a comprehensive guide for individuals seeking financial advisors in Redmond, Washington. The information is sourced by SmartAsset, a reputable financial services company known for its unbiased and independent reviews. SmartAsset claims to base its review on publicly available information, ensuring transparency and reliability.

Let's delve into the key concepts used in the article:

  1. Financial Advisor Rankings Methodology:

    • AUM (Assets Under Management): Firms with higher total assets under management are ranked higher.
    • Individual Client Count: Firms serving more individual clients are ranked higher.
    • Clients Per Advisor: Firms with a lower ratio of clients per financial advisor are ranked higher.
    • Age of Firm: Older firms are ranked higher.
    • Fee Structure: Firms with a fee-only compensation structure are ranked higher.
  2. Personal Investment Management (PIM):

    • Overview: Manages model portfolios for individuals, families, trusts, estates, and family businesses.
    • Certifications: Advisors hold various certifications like CFP, CFA, CRPC, AAMS, CDFA, and CIMA.
    • Compensation: Operates as a fee-only financial planner, receiving compensation solely from clients.
    • Minimum Fee: No set account minimum, but a minimum fee of $1,000 annually.
  3. Private Advisory Group LLC:

    • Services: Provides financial planning and investment management services.
    • Client Types: Serves individuals, high-net-worth individuals, trusts, estates, charitable organizations, and business entities.
    • Minimum Account Size: Requires a minimum account size of $500,000.
    • Fee Arrangements: Fee-based, and advisors may earn commissions from insurance product sales.
    • Ownership: Majority owned by Bean Holdings, LLC.
  4. The Retirement Solution Inc.:

    • Services: Offers investment management, financial planning, and insurance assessment services.
    • Founder: Jim Black, a CFP with over three decades of experience.
    • Establishment: Traces its roots back to 2003, registered as a financial advisor in 2007.
    • Investment Strategy: Utilizes Tactical Asset Allocation to improve risk-adjusted returns.
  5. Joslin Capital Advisors, LLC:

    • Services: Provides fee-based advisory services for individuals, high-net-worth individuals, nonprofits, businesses, and 401(k) plans.
    • Founder: Established in 2017 by Mike Joslin.
    • Investing Philosophy: Emphasizes a long-term and balanced investment approach.
    • Minimum Account Size: No specified minimum account size.
  6. SmartAsset's Methodology for Ranking Cities:

    • Objective: Determines how long $1 million in retirement savings would last in different cities.
    • Data Sources: Utilizes data from the Bureau of Labor Statistics and the Council for Community and Economic Research.
    • Calculation: Assumes a real return of 2%, dividing $1 million by the sum of annual retirement expenses.

This comprehensive guide not only introduces top financial advisor firms in Redmond but also sheds light on the methodology used by SmartAsset to assess and rank these firms. Additionally, it provides valuable insights into the financial philosophies and characteristics of each firm, empowering readers to make informed decisions about their financial advisors.

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

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