Top 7 financial advisor firms in Washington

7 SEC-registered financial advisor firms are headquartered in Washington, DC, with $4.71B in combined regulatory assets under management. The largest by assets are Armstrong, Fleming & Moore ($1.27B), Folger Nolan Fleming Douglas Capital Management ($1.21B) and Lynx Investment Advisory ($1.11B).

7
Financial advisor firms: $4.71B
Their combined AUM: $329M
Median firm AUM: 2,190
Clients of the top 7

The 7 largest by assets

1
Armstrong, Fleming & Moore
RIA
$1.27B
0.40% to 1.00% a year
2
Folger Nolan Fleming Douglas Capital Management
RIA
$1.21B
0.50% to 1.00% a year
3
Lynx Investment Advisory
RIA
$1.11B
0.50% to 1.00% a year
4
Bryspen
RIA
$329M
0.50% to 1.00% a year
5
Burkholder & Associates
RIA
$287M
0.50% to 1.35% a year
6
Graham Capital Wealth Management
RIA
$251M
Regulatory AUM
7
Washington Growth Strategies
RIA
$247M
0.50% to 2.00% a year

Profiles of the top 7

No. 1 · RIA

Armstrong, Fleming & Moore

Armstrong, Fleming & Moore is an investment adviser based in Washington, DC, registered with the SEC since 1991. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $1.27 billion, as filed on 25 June 2026.

Armstrong, Fleming & Moore charges 0.40%–1.00% a year for its Portfolio Management Services.

Regulatory AUM: $1.27B
Clients: 551
Advisory staff: 17
Founded: 1983
Fee schedule: 0.40% to 1.00% a year
Custodians: Fidelity
Headquarters: 1800 M Street NW, #1010-S, Washington, DC 20036
Phone: 202-887-8135
Website: afmfa.com

No. 2 · RIA

Folger Nolan Fleming Douglas Capital Management

Folger Nolan Fleming Douglas Capital Management is an investment adviser based in Washington, DC, registered with the SEC since 1977. It provides investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $1.21 billion, as filed on 2 April 2026.

Folger Nolan Fleming Douglas Capital Management charges 0.50%–1.00% a year for its Investment advisory fee schedule.

Regulatory AUM: $1.21B
Clients: 488
Advisory staff: 7
Founded: 1978
Fee schedule: 0.50% to 1.00% a year
Custodians: Pershing
Headquarters: 725 15th Street N.W., Washington, DC 20005
Phone: 202-626-5220
Website: fnfd.com

No. 3 · RIA

Lynx Investment Advisory

Lynx Investment Advisory is an investment adviser based in Washington, DC, registered with the SEC since 1997. It provides financial planning and investment management. Its clients include high-net-worth individuals, other clients and individual clients. Its regulatory assets under management total $1.11 billion, as filed on 9 April 2026.

Lynx Investment Advisory charges 0.50%–1.00% a year for its Consulting Services Fees.

Regulatory AUM: $1.11B
Clients: 236
Advisory staff: 10
Founded: 1992
Fee schedule: 0.50% to 1.00% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 1100 Connecticut Avenue, NW, Suite 300, Washington, DC 20036
Phone: 202-833-3700
Website: lynxinvestment.com

No. 4 · RIA

Bryspen

Bryspen is an investment adviser based in Washington, DC, registered with the SEC since 2000. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $329 million, as filed on 31 March 2026.

Bryspen charges 0.50%–1.00% a year for its Investment Supervisory Services.

Regulatory AUM: $329M
Clients: 72
Advisory staff: 2
Fee schedule: 0.50% to 1.00% a year
Headquarters: 1717 Pennsylvania Avenue, NW, Suite 1025, Washington, DC 20006-3951
Phone: 404-545-8000

No. 5 · RIA

Burkholder & Associates

Burkholder & Associates is an investment adviser based in Washington, DC, registered with the SEC since 2021. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $287 million, as filed on 11 June 2026.

Burkholder & Associates charges 0.50%–1.35% a year for its Portfolio Management Fees.

Regulatory AUM: $287M
Clients: 93
Advisory staff: 2
Founded: 2016
Fee schedule: 0.50% to 1.35% a year
Custodians: Fidelity
Headquarters: 1250 Connecticut Ave NW, 7th Floor, Washington, DC 20036
Phone: 301-778-9970

No. 6 · RIA

Graham Capital Wealth Management

Graham Capital Wealth Management is an investment adviser based in Washington, DC, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and corporations and other businesses. Its regulatory assets under management total $251 million, as filed on 10 February 2026.

Regulatory AUM: $251M
Clients: 710
Advisory staff: 7
Custodians: Fidelity
Headquarters: 1120 Connecticut Ave. NW, Suite 1021, Washington, DC 20036
Phone: 202-780-7726
Website: grahamcapitalwealth.com

No. 7 · RIA

Washington Growth Strategies

Washington Growth Strategies is an investment adviser based in Washington, DC, registered with the SEC since 2014. It provides investment management. Its clients include high-net-worth individuals, pooled investment vehicles, and corporations and other businesses. Its regulatory assets under management total $247 million, as filed on 9 February 2026.

Washington Growth Strategies charges 0.50%–2.00% a year for its Asset Management.

Regulatory AUM: $247M
Clients: 40
Advisory staff: 1
Fee schedule: 0.50% to 2.00% a year
Minimum account: $1,000,000
Custodians: Charles Schwab
Headquarters: 1200 G Street NW, 8th Floor, Washington, DC 20005
Phone: 202-740-0217
Website: washingtongrowthstrategies.com

Questions about financial advisors in Washington

How many financial advisor firms are headquartered in Washington?

7 SEC-registered financial advisor firms report their principal office in Washington, DC, managing $4.71B in regulatory assets between them. The other 45 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Washington?

Armstrong, Fleming & Moore, with $1.27B in regulatory assets under management on its latest Form ADV. The next largest are Folger Nolan Fleming Douglas Capital Management ($1.21B) and Lynx Investment Advisory ($1.11B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Washington?

The median firm manages $329M in regulatory assets. That is the midpoint of the 7 firms headquartered in Washington.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Washington charge?

Of the 7 largest firms, 6 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 2.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Washington?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

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