State market data

Wealth management firms in District of Columbia

As of October 2, 2026, 43 wealth management firms, including broker-dealer firms, based in District of Columbia reported $14.8 billion in regulatory assets under management; the largest by assets was Missionsquare Retirement, with $6.3 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 43
SEC-registered: 16
State-registered: 27
Regulatory assets under management: $14.8 billion
Client accounts: 65,022
Median firm size: $66.2 million
Of which broker-dealer affiliated: 3, with $7.1 billion

District of Columbia requires IAR continuing education, in effect since 2023. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in District of Columbia.

Top firms in District of Columbia

Largest wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	RAUM
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	$6.3 billion
2	Geometric Wealth Advisors, LLC	Washington	$1.3 billion
3	Armstrong, Fleming & Moore, Inc.	Washington	$1.3 billion
4	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	$1.2 billion
5	Lynx Investment Advisory, LLC	Washington	$1.1 billion
6	Folger Nolan Fleming Douglas Incorporated Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	$797.4 million
7	Capital Investment Advisors	Washington D.C	$373.6 million
8	Bryspen, Incorporated	Washington	$329.3 million
9	Values Added Financial	Washington	$313.7 million
10	Burkholder & Associates, LLC	Washington	$287.4 million

Top 100 in District of Columbia

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Growth	Starting value
1	Geometric Wealth Advisors, LLC	Washington	36.9%	$971.6 million
2	Values Added Financial	Washington	33.9%	$234.2 million
3	Burkholder & Associates, LLC	Washington	25.7%	$228.6 million
4	Armstrong, Fleming & Moore, Inc.	Washington	13.9%	$1.1 billion
5	Donalies Financial Planning, LLC	Washington	13.5%	$180.2 million
6	Bryspen, Incorporated	Washington	12.1%	$293.8 million
7	Graham Capital Wealth Management, LLC	Washington	11.2%	$225.9 million
8	MZ Capital, LLC	Washington	6.3%	$141.2 million
9	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	5.9%	$6.0 billion
10	Washington Growth Strategies LLC	Washington	5.8%	$233.6 million

Top 100 in District of Columbia

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Growth	Starting value
1	Values Added Financial	Washington	36.0%	$124.7 million
2	Geometric Wealth Advisors, LLC	Washington	31.3%	$587.4 million
3	Burkholder & Associates, LLC	Washington	25.4%	$145.7 million
4	Bryspen, Incorporated	Washington	14.4%	$220.2 million
5	Graham Capital Wealth Management, LLC	Washington	14.1%	$169.0 million
6	Armstrong, Fleming & Moore, Inc.	Washington	13.2%	$876.9 million
7	Washington Growth Strategies LLC	Washington	10.2%	$184.8 million
8	Lynx Investment Advisory, LLC	Washington	7.5%	$896.0 million
9	Capital Investment Advisors	Washington D.C	6.2%	$312.0 million
10	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	4.1%	$1.1 billion

Top 100 in District of Columbia

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Growth	Starting value
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	54.6%	$713.2 million
2	Geometric Wealth Advisors, LLC	Washington	26.5%	$410.0 million
3	Values Added Financial	Washington	24.3%	$105.8 million
4	Burkholder & Associates, LLC	Washington	15.4%	$140.6 million
5	Graham Capital Wealth Management, LLC	Washington	13.5%	$133.6 million
6	Bryspen, Incorporated	Washington	9.2%	$211.7 million
7	Washington Growth Strategies LLC	Washington	7.4%	$173.1 million
8	Armstrong, Fleming & Moore, Inc.	Washington	6.5%	$927.1 million
9	Lynx Investment Advisory, LLC	Washington	5.7%	$844.3 million
10	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	4.2%	$987.9 million

Top 100 in District of Columbia

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Increase
1	Geometric Wealth Advisors, LLC	Washington	$358.8 million
2	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	$348.8 million
3	Armstrong, Fleming & Moore, Inc.	Washington	$155.1 million
4	Values Added Financial	Washington	$79.4 million
5	Burkholder & Associates, LLC	Washington	$58.8 million
6	Bryspen, Incorporated	Washington	$35.6 million
7	Graham Capital Wealth Management, LLC	Washington	$25.4 million
8	Donalies Financial Planning, LLC	Washington	$24.4 million
9	Atwood Financial Planning LLC	Washington	$15.8 million
10	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	$13.7 million

Top 100 in District of Columbia

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Most clients
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	43,791
2	Atwood Financial Planning LLC	Washington	1,959
3	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	976
4	Graham Capital Wealth Management, LLC	Washington	710
5	Armstrong, Fleming & Moore, Inc.	Washington	558
6	Folger Nolan Fleming Douglas Incorporated Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	524
7	Capital Investment Advisors	Washington D.C	437
8	Financial Advisor for You, LLC	Washington	340
9	Geometric Wealth Advisors, LLC	Washington	256
10	Lynx Investment Advisory, LLC	Washington	239

Top 100 in District of Columbia

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Growth	Starting value
1	Graham Capital Wealth Management, LLC	Washington	15.4%	615
2	Donalies Financial Planning, LLC	Washington	10.3%	146
3	Geometric Wealth Advisors, LLC	Washington	8.0%	237
4	Armstrong, Fleming & Moore, Inc.	Washington	7.9%	517
5	Values Added Financial	Washington	7.5%	107
6	Atwood Financial Planning LLC	Washington	4.3%	1,878
7	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	0.8%	968
8	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	-2.3%	44,819
9	Lynx Investment Advisory, LLC	Washington	-3.2%	247
10	Capital Investment Advisors	Washington D.C	-28.4%	610

Top 100 in District of Columbia

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Most accounts
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	53,695
2	Geometric Wealth Advisors, LLC	Washington	2,081
3	Armstrong, Fleming & Moore, Inc.	Washington	1,841
4	Capital Investment Advisors	Washington D.C	1,640
5	Graham Capital Wealth Management, LLC	Washington	1,251
6	Values Added Financial	Washington	513
7	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	488
8	Donalies Financial Planning, LLC	Washington	460
9	Burkholder & Associates, LLC	Washington	404
10	Valor Wealth Partners	Washington	317

Top 100 in District of Columbia

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Most advisory staff
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	174
2	Missionsquare Wealth Management Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	26
3	Folger Nolan Fleming Douglas Incorporated Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	22
4	Armstrong, Fleming & Moore, Inc.	Washington	17
5	Lynx Investment Advisory, LLC	Washington	10
6	Geometric Wealth Advisors, LLC	Washington	9
6	Values Added Financial	Washington	9
8	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	7
8	Graham Capital Wealth Management, LLC	Washington	7
10	Atwood Financial Planning LLC	Washington	6

Top 100 in District of Columbia

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Most high net worth clients
1	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	390
2	Folger Nolan Fleming Douglas Capital Management, Inc.	Washington	341
3	Atwood Financial Planning LLC	Washington	339
4	Armstrong, Fleming & Moore, Inc.	Washington	266
5	Geometric Wealth Advisors, LLC	Washington	239
6	Donalies Financial Planning, LLC	Washington	115
7	Capital Investment Advisors	Washington D.C	107
8	Lynx Investment Advisory, LLC	Washington	97
9	Values Added Financial	Washington	74
10	Burkholder & Associates, LLC	Washington	70

Top 100 in District of Columbia

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Most CFP professionals
1	Missionsquare Wealth Management Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	21
2	Armstrong, Fleming & Moore, Inc.	Washington	11
2	Missionsquare Retirement Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	11
4	Values Added Financial	Washington	5
5	Geometric Wealth Advisors, LLC	Washington	4
6	Lynx Investment Advisory, LLC	Washington	3
6	Donalies Financial Planning, LLC	Washington	3
8	Atwood Financial Planning LLC	Washington	2
8	Burkholder & Associates, LLC	Washington	2
8	Capital Area Planning Group	Washington	2

Top 100 in District of Columbia

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in District of Columbia, top 10
Rank	Firm	City	Amount
1	Capital Area Planning Group	Washington	$64.8 million
2	Missionsquare Wealth Management Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Washington	$0
2	Blu Capital	Washington	$0
2	Rockbound Capital LLC	Washington	$0
2	Tempus Wealth Partners	Washington	$0
2	Artha Investments L.L.C.	Washington	$0
2	Greenhouse Investments LLC	Washington	$0

Top 100 in District of Columbia

Over time

From the SEC's yearly files: SEC-registered wealth firms based in District of Columbia, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	12
October 1, 2019	12
October 1, 2020	13
October 4, 2021	10
October 3, 2022	13
October 5, 2023	11
October 1, 2024	13
September 2, 2025	11
October 2, 2026	16

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$7.5 billion
October 1, 2019	$6.9 billion
October 1, 2020	$6.7 billion
October 4, 2021	$7.5 billion
October 3, 2022	$7.4 billion
October 5, 2023	$4.9 billion
October 1, 2024	$5.8 billion
September 2, 2025	$11.6 billion
October 2, 2026	$14.2 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	7,210
October 1, 2019	6,685
October 1, 2020	6,739
October 4, 2021	6,353
October 3, 2022	7,297
October 5, 2023	6,195
October 1, 2024	6,625
September 2, 2025	65,424
October 2, 2026	63,342

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$631.6 million
October 1, 2019	$661.1 million
October 1, 2020	$707.8 million
October 4, 2021	$788.5 million
October 3, 2022	$283.7 million
October 5, 2023	$220.2 million
October 1, 2024	$206.4 million
September 2, 2025	$378.2 million
October 2, 2026	$329.3 million

The market in District of Columbia now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	43	16	27
Regulatory assets under management	$14.8 billion	$14.2 billion	$555.5 million
Accounts	65,022	63,342	1,680
Clients	51,392	50,002	1,390
Employees	973	934	39
Advisory employees	334	303	31
Investment adviser representatives	282	249	33
Median RAUM	$66.2 million	$329.3 million	$25.4 million
Average RAUM	$461.4 million	$947.2 million	$32.7 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	18	1	17
RAUM of firms under $100 million	$571.3 million	$15.8 million	$555.5 million
Firms $100 million to $250 million	3	3	0
RAUM of firms $100 million to $250 million	$601.9 million	$601.9 million	$0
Firms $250 million to $500 million	5	5	0
RAUM of firms $250 million to $500 million	$1.6 billion	$1.6 billion	$0
Firms $500 million to $1 billion	1	1	0
RAUM of firms $500 million to $1 billion	$797.4 million	$797.4 million	$0
Firms $1 billion to $5 billion	4	4	0
RAUM of firms $1 billion to $5 billion	$4.9 billion	$4.9 billion	$0
Firms $5 billion to $10 billion	1	1	0
RAUM of firms $5 billion to $10 billion	$6.3 billion	$6.3 billion	$0
Firms $10 billion and up	0	0	0
RAUM of firms $10 billion and up	$0	$0	$0

Concentration

How much of the market the largest advisers hold.

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	90.4%	93.9%	90.2%

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		88.4%
Charge hourly fees		41.9%
Charge subscription fees		2.3%
Charge fixed fees		55.8%
Receive commissions		2.3%
Charge performance-based fees		9.3%
Other compensation		4.7%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	88.4%	93.8%	85.2%
Charge hourly fees	41.9%	43.8%	40.7%
Charge subscription fees	2.3%	0.0%	3.7%
Charge fixed fees	55.8%	56.3%	55.6%
Receive commissions	2.3%	6.3%	0.0%
Charge performance-based fees	9.3%	12.5%	7.4%
Other compensation	4.7%	0.0%	7.4%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	18.6%	43.8%	3.7%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	4.7%	12.5%	0.0%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

New firms and successions, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
New registrations	7	1	6
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	32	15	17
Discretionary RAUM	$12.3 billion	$11.7 billion	$540.4 million
CFP professionals	70	62	8
25th percentile RAUM	$21.4 million	$249.2 million	$8.6 million
75th percentile RAUM	$317.6 million	$1.2 billion	$63.5 million
90th percentile RAUM	$1.2 billion	$1.3 billion	$66.1 million
Average account size	$227,056	$224,308	$330,684
Offer financial planning	67.4%	75.0%	63.0%
RAUM growth, one year	No data	22.2%	No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Washington 38 independent RIAs, $7.3 billion

Cities with at least five independent RIAs.

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.