Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Washington Wealth Advisors, LLC Overview
Washington Wealth Advisors, LLC is a fee only registered investment advisory firm that offers investment advice to individuals and small businesses. Based in Falls Church, VA, the company has been in business since 2017 and is solely focused on providing investment advice to its clients. With a commitment to transparent and ethical fee only arrangements, Washington Wealth Advisors provides financial planning services and portfolio management to help clients achieve their investment goals. The firm also offers pension consulting services to help small businesses manage their retirement plans and meet their fiduciary obligations. With a deep expertise in the complexities of pension planning, the firm can provide advice on investment selection, documentation, and compliance, among other areas. Washington Wealth Advisors even helps clients select other advisors, leveraging its vast network to help clients find the right professionals to meet their needs. Washington Wealth Advisors, LLC is a trusted name in the world of registered investment advisory firms. By focusing solely on investment advice and offering transparent, fee only arrangements, the company has made a name for itself in the industry. Whether helping clients develop a long-term investment plan, managing investment portfolios, or providing guidance on pension plans, Washington Wealth Advisors is committed to helping clients achieve their goals.
WASHINGTON WEALTH ADVISORS, LLC is a comprehensive financial planning firm that serves a broad range of clients. The firm assists individuals and high net worth individuals with their investment planning, retirement planning, estate planning, tax planning, and risk management. They provide personalized advice tailored to each client's unique financial situation, goals, and risk tolerance. The firm's clients include business owners, professionals, executives, retirees, and families. When it comes to fee structures, WASHINGTON WEALTH ADVISORS, LLC offers a range of options based on the type of service provided. For asset management services, the firm typically charges a percentage of the client's assets under management (AUM) annually. This percentage may vary depending on the size of the client's portfolio and the complexity of the investment strategy. For financial planning services, the firm may charge hourly rates or fixed fees depending on the scope of the engagement. Clients can discuss fee structures with their advisor to determine the most appropriate option for their needs. The firm prides itself on being transparent about its fees and providing clients with a clear understanding of the costs associated with its services.
Typical Clients, Fee Structures & Investment Minimum
According to Washington Wealth Advisors' Part 2 Brochure, the firm does not specify an investment minimum. The brochure mentions various account types that they offer, including separately managed accounts and mutual fund wrap programs, but there is no mention of a minimum investment required to open these accounts. Therefore, it can be inferred that there is no investment minimum for clients interested in working with Washington Wealth Advisors.
How This Office Can Help Ashburn, VA Residents
Gelormini Financial is a trusted financial planning firm that assists clients in Los Altos, CA to achieve their financial goals. The team at Gelormini Financial understands the unique challenges that someone living in Los Altos, CA might face, such as the high cost of living and the fast-paced lifestyle. They offer a range of services such as investment management, retirement planning, insurance planning, and tax planning. For those who are in the high-tech industry in Los Altos, CA, Gelormini Financial provides specialized financial planning services to help them navigate the complex financial landscape of the industry. Additionally, for individuals who are approaching retirement, Gelormini Financial provides comprehensive retirement planning services, which includes analyzing social security benefits and identifying the best strategies for maximizing retirement income. With Gelormini Financial, clients in Los Altos, CA can rest assured that they are in good hands as they prepare for their financial future.
Services Offered by Washington Wealth Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Washington Wealth Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
Disciplinary History
Washington Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.