The RIA market has grown roughly 5x over the past decade and is now one of the fastest-moving allocator segments in U.S. fundraising. The challenge for investment firms hasn't changed: which RIAs actually allocate to outside managers, and which ones run money in-house and won't take your meeting?
Dakota's database of RIAs is built and updated by fundraisers to answer exactly that. We track more than 17,000 RIAs across the U.S., including nearly 7,000 wealth manager firms, with new firms added every week. Every profile is curated by hand, so RIAs that don't allocate externally are filtered out.
That saves your sales team hours of cold research and keeps the rest of the channel out of outreach they don't want.
Below are the 10 largest RIAs in Washington D.C. by AUM. Most fall into the mid-market band where fund managers tend to find the best traction.
For the full Washington D.C. dataset with verified contacts, book a demo of Dakota Marketplace.
Top 10 RIAs in Washington D.C.
AUM: $62.67B
Account Overview: Towers Watson Investment Services, Inc operates as an RIA with a subtype also classified as RIA. The firm is headquartered at 800 North Glebe Road, Floor 10, Arlington, VA, and functions within the Washington, DC metro area. It delivers institutional-grade fiduciary advisory services globally, focusing on asset allocation, manager selection, liability-driven strategies, and fund governance. Towers Watson Investment Services aligns clients with investment strategies that correspond to their risk tolerance, mission, and long-term objectives, supported by proprietary insights and rigorous research.
The firm manages an AUM of approximately $62.67 billion. Its platform offers comprehensive investment consultancy, including mission clarity, risk budgeting, manager research, portfolio construction, and performance monitoring. Towers Watson Investment Services develops pooled fund solutions and multi-manager structures to provide scalable and customized implementation. The firm also provides clients access to pooled fund of funds that may include alternative strategies, enabling exposure to real assets, private debt, and specialized strategies, supported by global market intelligence and relationships with top asset managers across asset classes and regions.
AUM: $20.3B
Account Overview: Fiduciary Counselors is an RIA based in Washington, DC, specializing in independent fiduciary services for employee benefit plans. The firm operates within the Washington, DC metro area and focuses on compliance with the Employee Retirement Income Security Act (ERISA) and Department of Labor regulations. Its services include fiduciary oversight for employer securities in 401(k) plans, Employee Stock Ownership Plans (ESOPs), Voluntary Employees’ Beneficiary Associations (VEBAs), and defined benefit pension plans.
Fiduciary Counselors manages assets totaling approximately $20.35 billion. The firm is engaged in complex or high-risk fiduciary situations that require neutrality and regulatory compliance, particularly involving potential conflicts of interest such as transactions involving employer stock or plan asset management during corporate events or financial distress.
AUM: $15.67B
Account Overview: Mason Companies is an RIA operating primarily in the Washington, DC metro area, with headquarters at 11130 Sunrise Valley Drive Suite 200, Reston, VA. The firm manages a business split roughly evenly between traditional high net worth/private client and institutional segments. Its investment approach relies mainly on mutual fund model programs, utilizing low-cost, large fund companies such as American Funds, DFA, and Vanguard. The manager research and due diligence team includes Tom Pudner, Director of Research, and Andrew Gary, Research Associate, with investment manager changes decided by a committee including investment consultants.
The firm reports assets under management of approximately $15.67 billion. Alternatives exposure is generally limited to precious metals, energy, and natural resources. Manager changes are infrequent, typically occurring once per year unless circumstances demand otherwise. Separate account structures are available for clients with specific needs. Mason Companies allocates limited resources to sourcing and underwriting new managers unless an immediate requirement arises.
AUM: $7.1B
Account Overview: Cassaday & Company, Inc is a RIA specializing in Multi Family Office services. The firm is located at 8180 Greensboro Drive Suite 1180, McLean, VA, and operates within the Washington, DC metro area. It is an employee-owned, independent advisory firm committed to providing unbiased, impartial, and objective financial advice without conflicts of interest. The firm emphasizes acting as fiduciaries in their clients' best interests at all times.
Cassaday & Company manages an AUM of approximately $7.14 billion. Their platform offers comprehensive financial planning and investment management services focused on creating integrated financial plans that consolidate various financial components. Services include goal assessment, asset allocation, portfolio design, continuous monitoring, rebalancing, retirement and financial planning, tax management, estate planning, and life transition services. The firm utilizes an in-house trading team and an Investment Policy Committee to regularly review portfolios for risks and opportunities. Their proprietary DIESEL® system supports sustainable portfolio withdrawals, delivering sophisticated financial strategies typically reserved for ultra-high-net-worth investors.
AUM: $6.3B
Account Overview: Andersen is a RIA specializing as a Multi Family Office, headquartered at 1861 International Drive Suite 501, McLean, VA, and operating within the Washington, DC metro area. Established in 2012, the firm provides professional services including tax, valuation, financial advisory, and related consulting for individual and commercial clients. Andersen is the founding member of Andersen Global, an international association with over 16,000 professionals across more than 450 locations in 170 countries.
Andersen manages approximately $6.35 billion in assets under management. Its wealth management division, Andersen Tax, oversees about $4 billion, with the largest office in McLean managing around $1 billion. The firm offers specialized tax and financial reporting services for investment partnerships and principals, focusing on family partnerships, private equity, hedge funds, real estate funds, venture capital, and fund of funds. Andersen maintains independence by not providing attest services or financial opinions, thereby avoiding conflicts of interest. Its investment recommendations rely on Fortigent and LPL platforms, operating in a non-discretionary capacity, with some offices allowing more flexibility beyond these guidelines.
See every Washington D.C. RIA, not just the top 10. Dakota Marketplace gives you verified decision-maker contacts, allocation history, and ticket sizes for the full Washington D.C. RIA list, plus filters for AUM, structure, and asset class preferences. Book a demo.
AUM: $5.8B
Account Overview: Evanson Asset Management is a Registered Investment Advisor (RIA) specializing in index and passive investment management. It operates as a Multi Family Office within the Washington, DC metro area. Founded in 1995 and headquartered at 1133 Dogwood Drive, McLean, VA, the firm follows an academically grounded investment approach utilizing passive portfolios from Dimensional Fund Advisors and Vanguard. Its diversified allocations include bonds, REITs, commodities, and other asset classes, structured to provide broad market exposure while minimizing costs and maximizing tax efficiency.
The firm manages assets under management (AUM) totaling approximately $5.85 billion. Evanson Asset Management incorporates alternative asset classes such as REITs and commodity funds to enhance portfolio diversification and resilience. Effective March 31, 2026, the firm will undergo a succession transition to Evanson Financial, which will continue operating under the Evanson Asset Management name and retain the same investment philosophy and advisory team.
AUM: $5.1B
Account Overview: Pennington Partners & Co LLC is an RIA specializing in Multi Family Office services, headquartered at 7920 Norfolk Avenue, Bethesda, MD, and operating within the Washington, DC metro area. The firm provides objective advice, strategy, and family office services to ultra high net worth individuals and families.
The firm manages an AUM of approximately $5.09 billion. Pennington Partners & Co employs a sophisticated investment structure that integrates traditional assets such as equities and fixed income with alternative investments including private equity, hedge funds, real estate, and venture capital. Their approach emphasizes personalized portfolio construction aligned with clients’ financial goals and risk tolerance, supported by active management and comprehensive market analysis. The firm maintains a global investment perspective and is actively evaluating new fund investments over the next 12 months.
AUM: $4.6B
Account Overview: Spire Investment Partners is an RIA providing tailored support and solutions to independent advisors. Situated at 7901 Jones Branch Dr., Suite 800, McLean, VA, the firm operates within the Washington, DC metro area. Specializing in using ETFs and separately managed accounts, Spire Investment Partners offers business models that cater to the ownership and operational requirements of independent advisors.
With an AUM of $4.62B, Spire Investment Partners focuses on empowering advisors to efficiently manage their practices. The firm's customized solutions and support enable advisors to navigate their responsibilities effectively, ensuring flexibility in ownership structures and operational processes.
AUM: $3.59B
Account Overview: Burney Wealth Management is a Registered Investment Advisor (RIA) specializing in Multi Family Office services. The firm is located at 1800 Alexander Bell Drive Suite 510, Reston, VA, and operates within the Washington, DC metro area. It provides customized financial planning by analyzing clients' total financial blueprints, personal goals, and market conditions to develop tailored strategies. The team has a five-decade track record of constructing forward-looking portfolios.
The firm manages assets totaling approximately $3.59 billion. Burney Wealth Management employs a comprehensive investment structure that integrates equities, fixed income securities, and alternative investments. The equity portfolio includes domestic and international stocks diversified across sectors. Fixed income holdings comprise government, corporate, and municipal bonds aimed at income generation and capital preservation. Alternative investments include private equity, hedge funds, real estate, and commodities, selected to enhance diversification and improve risk-adjusted returns. The investment approach is supported by rigorous research and analysis to adapt to evolving market conditions.
AUM: $3.46B
Account Overview: Keel Point operates as a RIA with a focus on Multi Family Office services. The firm is located at 8405 Greensboro Drive, Suite 900, McLean, VA, and serves the Washington, DC metro area. Keel Point is dedicated to providing comprehensive financial and strategic advice tailored to both emerging families and those with multi-generational wealth, supported by a team of over sixty professionals across six offices.
The firm manages an AUM of $3.46B. Keel Point employs a tailored investment structure that incorporates traditional assets such as equities and fixed income, alongside alternative investments including private equity, hedge funds, and real estate. This diversified approach aims to optimize returns while mitigating risk, ensuring that client portfolios are robust and aligned with their financial objectives.
Dakota Marketplace was built by fundraisers to solve the RIA channel's biggest problems: constant M&A, high decision-maker turnover, and figuring out which RIAs actually allocate to outside managers. We track more than 17,000 RIAs across the U.S., with deep coverage of Houston from Steward Global down to HUB Retirement and Wealth Management, every profile curated by hand with verified contacts, ticket sizes, and allocations.
For more, see our 5 key strategies to successfully raising money from RIAs or our piece on the most common objections fund managers raise.
Filter the Washington D.C. list by:
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