Best Financial Advisors in Washington

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
640+
Advisors
4.8/5.0
Average Rating

Washington Financial Landscape

The economy of Washington, D.C. is driven by government, education, and healthcare sectors. The city also has a growing tech industry, contributing to its economic diversity.

Major industries
Government, Education, Healthcare, Technology
Population
646K (metro: 2.9M)
Median household income
$82,000
Unique needs
D.C. requires tailored financial strategies due to its unique economic landscape and regulatory environment.
Market Insights
Economic Growth
According to BEA (2023), D.C.'s economy grew by 3.2% last year, driven by federal spending and tech investments.
Wealth Demographics
According to Census (2023), the median income in D.C. is $82,000, reflecting a diverse and affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in D.C. are increasingly specializing in government employee benefits and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in D.C. is 30% higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the median home price in D.C. is $650,000, with a competitive rental market reflecting high demand.
Business Environment
According to Fortune (2024), D.C. ranks high for startups due to its access to federal contracts and a skilled workforce.

Top 5 Financial Advisors in Washington

Illumint by Kevin Mahoney, CFP®
★ ★ ★ ★ ★ 5
Monumental Financial Planning
★ ★ ★ ★ ★ 5
Quantum Financial Advisors
★ ★ ★ ★ ★ 5
RBC Wealth Management Branch - Washington DC
★ ★ ★ ★ ★ 5
Financial Advisor For You
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Washington, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Washington-Specific Expertise
For Washington residents working in Government, Education, Healthcare, Technology, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
D.C.'s tech sector needs diversification to mitigate risks. Real estate prices are high, indicating bubble potential. Be aware of flooding and political risks.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby District of Columbia locations

Washington