Seattle is the gem of the Pacific Northwest, and it is a city with its own unique aesthetic that has caused millions to fall in love with it. This, alongside its recent growth in the tech sector (to put it mildly), has turned it into a place where people flock to break new ground and find success for themselves and their families.
Because of this, it has gained a reputation as a wealthy city, and many of its residents and elites (perhaps including yourself) could be very much in need of the guidance of a high-quality financial advisor to help you secure your future.
In Seattle, there are countless financial advisors ready and willing to help you achieve your dreams. However, an abundance of choices is often a burden, which is why we’ve worked to put together this list of the best firms. Here are our top five choices for financial advisory firms in Seattle, Washington:
1) Brighton Jones
Our top choice for Seattle is Brighton Jones, a massive firm with $4.96 billion in assets under management and offices in five other locations. They work primarily with high-net-worth individuals, and they have a large staff of about a couple dozen advisors at their Seattle office. They mostly do tax and estate planning, but they also offer comprehensive wealth planning services.
Their strategy primarily involves focusing on risk-management alongside diversifying your portfolio.
Brighton Jones is a fee-only firm that has no account minimum but that does have a minimum annual fee of $6,000 (paid quarterly), a rate that might put this firm out of reach for some.
You can expect the following working with Brighton Jones:
- A truly comprehensive approach to wealth management that will take into account all of your goals and ambitions.
- Specialized planning services tailored towards specific goals such as vocational freedom planning and strategic philanthropy.
- A focus on giving back to their clients and the community.
2) Pacific Portfolio Consulting
Second on our list is Pacific Portfolio Consulting, a firm that focuses as much on people as it does numbers. They know the importance of strong relationships, and this wisdom has led the firm to now have $3.6 billion in assets under management. This client-centric approach generally leads to customized services and plans.
They have a longstanding investment method that pulls in as much data as possible and then reviews it both quantitatively and qualitatively, ensuring no factor is missed and no mistakes are made.
Pacific Portfolio Consulting is a fee-only firm that has a $500,000 minimum account requirement to work with them.
You can expect the following when working with Pacific Portfolio Consulting:
- An equal focus on institutional consulting services for clients who have positions of great responsibility.
- A large range of data and examples to create the perfect portfolio for you.
- Services that can help you plan your assets for the next generation.
3) Merriman Wealth Management
Merriman Wealth Management is a firm that has $2.6 billion in assets under management and was founded in 1983, although they are now part of Focus Financial Partners (a larger partnership of independent firms). Another fee-only firm, as a client, you will be the only focus and the recipient of the firm’s mostly investment-oriented services. In addition to Seattle, they also have offices in Spokane and Eugene, Oregon.
Their investment approach is objective and based on facts, risk management, and diversification. They also advise clients to stick to the long term when it comes to growing their wealth.
Merriman Wealth Management is a fee-only firm that has an account minimum that varies by account type but that starts at $250,000.
You can expect the following working with Merriman Wealth Management:
- A very large and extremely qualified staff that is hard to outclass by any metric.
- An in-depth onboarding process that involves quite a few meetings.
- Additional active management strategies for some clients.
4) Moss Adams Wealth Advisors
Our fourth selection is Moss Adams Wealth Advisors, a firm that has $2.35 billion in assets under management. With a history that goes back 106 years in one form or another, the firm might be the most accessible on our list, and it is also a firm that provides a very wide array of services for its clients, ranging from tax prep and accounting to different types of consulting to more traditional wealth management services.
Their strategy will primarily revolve around your goals, both long and short term, and they are ready to react to any event that may occur. Furthermore, their plans look to shore up potential weaknesses in other areas of your financial life.
Moss Adams Wealth Advisors is a fee-based firm that has a $500,000 minimum account requirement.
You can expect the following working with Moss Adams Wealth Advisors:
- An excellent array of linked accounting services for related, and non-related, purposes.
- Experience working with families to handle potentially complex financial problems.
- A very experienced staff that can take on any task you throw at them.
5) Filament, LLC
Our last choice is Filament, LLC, a firm which specializes in working with high-net-worth individuals and families. They have been in operation since 2005 and now have $1.64 billion in assets under management. A personalized firm that seeks to focus heavily on each individual client, they’re a great choice for those who can afford them.
Their main goal is wealth preservation for their clients alongside helping you achieve your other goals and priorities. They understand how complicated wealth can sometimes be for families, and they’re willing to be the guiding light.
Filament, LLC is a fee-only firm that has no minimum account requirement, but it is absolutely a firm for high-net-worth clients given its large fees (which start at $15,000 per year).
You can expect the following working with Filament, LLC:
- An extremely experienced and qualified staff that are trained in exactly what they set out to do.
- A simple way of communication that seeks to simply have you understand what’s going on.
- Experience dealing with complex financial problems.
There is so much in store for Seattle in the future that we would hate for you to miss it because of a few financial mistakes. One of our above selections is certain to be an absolutely great fit for you, which will ensure greater financial security for the rest of your life. However, your needs are important, so we ask you to be careful in your selection and perhaps list out your priorities and do some further research before making the fated call. Whatever you choose, though, we wish you future success for both you and the city you call home.