Top 20 RIAs in Washington D.C. 2026

Washington D.C. and its surrounding suburbs in Northern Virginia and suburban Maryland make up one of the wealthiest metro areas in the country, home to a dense concentration of attorneys, government contractors, trade association executives, and multigenerational family wealth. That combination has produced a deep bench of independent registered investment advisers, from decades-old firms founded in the Reagan era to newer entrants built around family office services and values-based investing. Firms in this market face the same distribution challenge every independent RIA does: staying visible to prospective clients and centers of influence in a crowded field, a challenge we explored in our recent look at where RIAs are actually growing across the country.

We ranked firms using AdvizorPro's dataset of SEC-registered investment advisers headquartered in the greater Washington D.C. metro area, including Northern Virginia and suburban Maryland, sorted by total assets under management. All key insights are based on data as of September 2026.

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The 20 Largest RIAs Serving Washington D.C.

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1. Cassaday & Company, Inc. | $7.14 billion AUM

Founded by Stephan Cassaday and based in McLean, Virginia, Cassaday & Company is the largest RIA headquartered in the D.C. metro area by a wide margin. The firm builds financial plans and investment portfolios for individuals and families, with a client roster skewed heavily toward high net worth households.

Key Insights:

• Total AUM grew 19 percent year over year, from $6.0 billion to $7.14 billion, spread across 3,267 advisory clients.
• High net worth clients account for 93.9 percent of assets, or roughly $6.7 billion.
• The firm runs a 97-person team of 47 registered representatives out of a single McLean office.
• Custodial assets are held entirely at Pershing, with Tamarac and the OSAIC and CAIS platforms supporting the practice.

2. Pennington Partners & Co., LLC | $5.09 billion AUM

Pennington Partners is a Bethesda, Maryland-based multi-family office serving a concentrated roster of high net worth families with alternative-asset-heavy portfolios, including private equity, venture capital, and private credit allocations alongside traditional holdings.

Key Insights:

• Total AUM climbed 29 percent year over year, reaching $5.09 billion across roughly 112 advisory relationships.
• High net worth families represent 90.4 percent of assets under management.
• The firm has grown from under $100 million in AUM in 2017 to over $5 billion today, one of the fastest trajectories in the region.
• Assets are split across Fidelity, Charles Schwab, JPMorgan, Pershing, and PNC, reflecting the complexity of a multi-family office book.

3. The Burney Company | $3.59 billion AUM

One of the oldest independent RIAs in the region, The Burney Company has served Reston, Virginia-area families since 1974 with a research-driven, factor-based approach to portfolio management alongside financial planning and tax services.

Key Insights:

• Total AUM rose 14 percent year over year to $3.59 billion across 4,528 accounts.
• Individuals and high net worth households together make up 84 percent of client assets, with the remainder split among charities, corporations, and retirement plans.
• The firm runs a 46-person team supporting 3,862 advisory clients through 16 branch locations.
• Custodial assets are concentrated at Charles Schwab. Burney also manages a small family of proprietary funds built on its in-house factor research, alongside its core direct advisory business for individuals and families.

4. Bogart Wealth, LLC | $3.19 billion AUM

Led by founder James Bogart, Bogart Wealth has grown quickly from its McLean, Virginia headquarters into a multi-office practice serving entrepreneurs and high net worth families across seven branch locations.

Key Insights:

• Total AUM grew 19 percent year over year to $3.19 billion, serving 1,442 advisory clients.
• High net worth clients represent 93.0 percent of firm assets.
• The firm has more than quadrupled its AUM since 2020, when it managed roughly $950 million.
• Bogart runs on Salesforce for client relationship management and Black Diamond for portfolio reporting.

5. Glassman Wealth Services, LLC | $2.56 billion AUM

Founded by Barry Glassman, a widely quoted voice in financial media, Glassman Wealth Services is a fee-only advisory firm based in Vienna, Virginia that builds comprehensive financial plans for business owners, entrepreneurs, and retirees.

Key Insights:

• Total AUM increased 17 percent year over year to $2.56 billion across 404 advisory clients.
• High net worth households account for 95.0 percent of assets under management.
• The firm has more than doubled its AUM since 2020, when it managed roughly $1.45 billion.
• Glassman runs on Tamarac and Vanilla, with a fee-only structure and no commission-based products.

6. Azzad Asset Management, Inc. | $1.84 billion AUM

Based in Falls Church, Virginia, Azzad Asset Management builds halal, Shariah-compliant portfolios for individuals, business owners, physicians, and retirees who want their investments screened against Islamic finance principles.

Key Insights:

• Total AUM grew 14 percent year over year to $1.84 billion.
• High net worth and individual clients together account for 67.4 percent of assets, with the remainder tied to the investment company assets the firm also advises.
• The firm serves 1,543 advisory clients through a 12-person advisory team and three office locations.
• Azzad also manages the Azzad Funds, a small family of Shariah-compliant mutual funds, alongside its core direct advisory business for individuals and families.

7. TritonPoint Wealth, LLC | $1.55 billion AUM

Formed in 2023 and based in Chevy Chase, Maryland, TritonPoint Wealth is one of the newer entrants on this list, built by a team of veteran advisors serving high net worth individuals and families.

Key Insights:

• Total AUM stands at $1.55 billion across 347 advisory clients, up from roughly $1.33 billion in its first full year of operation.
• High net worth clients make up 88.8 percent of firm assets.
• The 15-person team is led by managing members Gregory Blake, Andrew Schiff, and William Sterling Jr.
• Custodial assets are held at Charles Schwab, with Addepar supporting portfolio reporting.

8. Activ8 Family Office LLC | $1.54 billion AUM

Registered in December 2025 and based in McLean, Virginia, Activ8 Family Office serves a client base that includes athletes and entrepreneurs, offering estate, tax, and investment planning tailored to concentrated wealth events.

Key Insights:

• Total AUM stands at $1.54 billion across 387 advisory clients as of its first regulatory filing.
• High net worth clients account for 96.1 percent of firm assets.
• The firm operates across seven branch locations with a 25-person team.
• Custodial assets are held primarily at Fidelity, with Envestnet supporting the advisory platform.

9. CJM Wealth Advisers, Ltd. | $1.47 billion AUM

Operating in Falls Church, Virginia since 1979, CJM Wealth Advisers provides fee-based financial planning and portfolio management with a long-tenured client base built over more than four decades.

Key Insights:

• Total AUM grew 14 percent year over year to $1.47 billion across 880 advisory clients.
• Individuals and high net worth households together represent 98.3 percent of firm assets.
• The firm has grown from roughly $625 million in AUM in 2017 to $1.47 billion today.
• CJM runs on the Orion platform for portfolio management and reporting.

10. D'Orazio Wealth Advisors | $1.44 billion AUM

Based in Vienna, Virginia, D'Orazio Wealth Advisors serves business owners and entrepreneurs with a retail-only client base and a strong emphasis on high net worth financial planning.

Key Insights:

• Total AUM grew 9 percent year over year to $1.44 billion.
• High net worth clients represent 98.3 percent of the firm's $1.44 billion in assets.
• The firm serves 292 advisory clients through a 9-person team, with an average account size near $5.0 million.
• Assets are split between Charles Schwab and Fidelity, with Tamarac supporting portfolio management.

11. Evermay Wealth Management, LLC | $1.33 billion AUM

Headquartered in Arlington, Virginia, Evermay Wealth Management offers investment management and financial planning services, and has built out a notably broad menu of alternative asset class exposure for client portfolios.

Key Insights:

• Total AUM increased 13 percent year over year to $1.33 billion across 1,957 accounts.
• High net worth and individual clients together account for 98.7 percent of firm assets.
• The firm has more than tripled its AUM since 2017, when it managed roughly $427 million.
• Evermay runs a 24-person team supporting 567 advisory clients, with Tamarac supporting portfolio reporting.

12. Armstrong, Fleming & Moore, Inc. | $1.27 billion AUM

Founded in 1991 and based in downtown Washington, D.C., Armstrong, Fleming & Moore is one of the district's longest-running independent advisory firms, offering financial planning and portfolio management to individuals and families.

Key Insights:

• Total AUM grew 14 percent year over year to $1.27 billion across 1,841 accounts.
• High net worth clients account for 91.6 percent of firm assets.
• The firm supports 558 advisory clients through a 27-person team across five office locations.
• Custodial assets are held primarily at Fidelity.

13. Folger Nolan Fleming Douglas Capital Management, Inc. | $1.21 billion AUM

Tracing its roots back to 1977, Folger Nolan Fleming Douglas Capital Management is among the oldest advisory firms based in downtown Washington, D.C., serving a client base weighted toward retirees.

Key Insights:

• Total AUM reached $1.21 billion, up slightly from $1.20 billion the prior year, across 488 accounts.
• High net worth clients represent 95.9 percent of firm assets.
• The firm serves 976 advisory clients through a lean 9-person team and two branch offices.
• Custodial assets are concentrated at Pershing and BNY Mellon.

14. Lynx Investment Advisory, LLC | $1.11 billion AUM

Based in downtown Washington, D.C. and founded in 1994, Lynx Investment Advisory provides investment management and consulting services to high net worth individuals and families, with a client base that includes non-U.S. clients.

Key Insights:

• Total AUM declined 15 percent year over year to $1.11 billion, driven largely by a shift in the mix of discretionary and non-discretionary accounts.
• High net worth clients account for 74.8 percent of firm assets.
• The firm supports 239 advisory clients through an 11-person team across four office locations.
• Assets are split between Charles Schwab and Fidelity, with Black Diamond supporting portfolio reporting.

15. Yeske Buie Inc. | $1.07 billion AUM

Co-founded by David Yeske and Elissa Buie, Yeske Buie is a Vienna, Virginia-based financial planning firm known for its research contributions to the financial planning profession as well as its client-facing advisory work.

Key Insights:

• Total AUM grew 15 percent year over year to $1.07 billion across 1,495 accounts.
• High net worth clients represent 92.7 percent of firm assets.
• The firm has grown from roughly $603 million in AUM in 2017 to $1.07 billion today.
• Yeske Buie supports 469 advisory clients through a 17-person team across four office locations.

16. Avenir Corporation | $849.3 million AUM

Based in Alexandria, Virginia and founded in 1988, Avenir Corporation is a family office style advisory firm managing concentrated equity portfolios for a small roster of high net worth clients.

Key Insights:

• Total AUM declined 15 percent year over year to $849.3 million, tracking broader portfolio-level swings rather than client attrition.
• High net worth clients account for 85.4 percent of firm assets across 91 accounts.
• The firm operates with a lean team of six employees and three registered representatives.
• Custodial assets are held at Fidelity.

17. FSA Wealth Partners | $819.7 million AUM

Operating in Rockville, Maryland since 1983, FSA Wealth Partners serves business owners and retirees with financial planning and portfolio management services built around long-standing client relationships.

Key Insights:

• Total AUM grew 6 percent year over year to $819.7 million across 1,957 accounts.
• High net worth and individual clients together represent 96.0 percent of firm assets.
• The firm supports 706 advisory clients through a 16-person team and two office locations.
• FSA runs on Envestnet and Tamarac, with Charles Schwab as its primary custodian.

18. Kendall Capital Management | $743.9 million AUM

Founded by Clark Kendall in 2005, Kendall Capital Management is a Rockville, Maryland-based advisory firm serving business owners and retirees, with Kendall himself a regular voice in regional financial media.

Key Insights:

• Total AUM grew 23 percent year over year to $743.9 million, one of the faster growth rates on this list.
• High net worth clients account for 90.9 percent of firm assets.
• The firm has more than quadrupled its AUM since 2017, when it managed roughly $178 million.
• Kendall supports 352 advisory clients through a 12-person team, with Charles Schwab as its primary custodian.

19. Carderock Capital Management, Inc. | $677.0 million AUM

Based in Chevy Chase, Maryland and founded in 1987, Carderock Capital Management serves individuals and families in the greater Washington D.C. region with a disciplined, research-driven approach to portfolio management.

Key Insights:

• Total AUM grew 2 percent year over year to $677.0 million across 476 accounts.
• High net worth clients represent 89.2 percent of firm assets.
• The firm operates with a compact four-person team serving 221 advisory clients.
• Custodial assets are concentrated at Charles Schwab.

20. Allegiance Financial Group | $675.0 million AUM

Based in Vienna, Virginia, Allegiance Financial Group provides wealth management, retirement planning, and business planning services to individuals and families, with a specialized practice area serving dentists.

Key Insights:

• Total AUM grew 34 percent year over year to $675.0 million, the fastest growth rate among the firms on this list.
• High net worth clients account for 67.9 percent of firm assets, with individuals and retirement plan assets making up most of the remainder.
• The firm supports 607 advisory clients through a 12-person team across three office locations.
• Allegiance runs on eMoney for financial planning, with Charles Schwab and Fidelity as primary custodians.

Closing Thoughts

Washington D.C.'s independent RIA market reflects the region's broader economy: a mix of long-tenured advisory firms built around law, government, and trade association wealth, alongside newer, fast-growing practices built for entrepreneurs and multigenerational family offices. Several firms on this list, including Pennington Partners, Activ8 Family Office, and Avenir Corporation, operate with a family office structure, a theme we dug into further in our Family Office Spotlight report. And the growth rates on this list, from Allegiance Financial Group's 34 percent jump to Kendall Capital Management's 23 percent gain, echo a pattern we've also seen play out in other major markets, most recently in our Top RIAs in Boston 2026 ranking.

About AdvizorPro

AdvizorPro is the advisor intelligence platform built for asset managers, ETF issuers, wealthtechs, and distribution teams that need to identify, prioritize, and engage financial advisors. With verified data across 750,000+ RIAs, family offices, and broker-dealers, combined with AI-powered lead scoring, TrafficIQ visitor intelligence, native CRM integrations, and now direct connectivity to Claude and ChatGPT, AdvizorPro powers the go-to-market strategies of leading firms across the wealth management ecosystem.

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