Northwest Financial Advisors LLC

CRD#166769
Investment Advisor Firm

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Learn more about Northwest Financial Advisors LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Northwest Financial Advisors LLC operates as an advisory company based in Herndon, Virginia. Northwest Financial Advisors LLC controls $1.4 billion in total assets across 3,489 accounts, making it one of the largest firms in the country by assets under management (AUM). The firm has a small team, including 27 financial advisors. Northwest Financial Advisors LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets like stocks, options and bonds.

    Northwest Financial Advisors LLC manages all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell judgments for the client's account without requiring client consent. The advisory firm's typical account size is $403,560. The typical advisor at Northwest Financial Advisors LLC oversees about 129 client accounts.

    The firm's central office is located at 200 Spring Street, Herndon, Virginia 20170. It is legally allowed to serve investors throughout 33 U.S. states and territories.

    Assets Under Management

    $1.4 billion

    Number of Advisors

    27

    Disclosures

    No

    Office Location

    200 Spring Street
    Herndon, VA 20170

    Northwest Financial Advisors LLC by the Numbers

    Total Assets Under Management

    $1.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    33

    National Average: 64
    Total Number of Accounts

    3,489

    National Average: 375,227
    Average Account Size

    $403.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Northwest Financial Advisors LLC provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. Notably, Northwest Financial Advisors LLC did not provide financial planning services to any of its customers in the last fiscal year. The firm does not sell products or offer services aside from investment advisory services to its investment advisory customers. Northwest Financial Advisors LLC is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, accountant or accounting firm, lawyer or law firm and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services typically vary depending on which services the firm provides the client. However, fees billed by the firm may include any combination of the following fee types: asset-based or hourly. The firm participates in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Northwest Financial Advisors LLC does business with a number of different investors. Northwest Financial Advisors LLC caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 3,489 clients, Northwest Financial Advisors LLC's largest client is retail investors, but it also manages money for 375 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 15.39%
    • Other Individuals - 83.96%
    • Corporations - 0.45%
    • Charitable Organizations - 0.21%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Northwest Financial Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Northwest Financial Advisors LLC

    Brian Cooper
    Herndon, VA
    Nakia Brown
    Herndon, VA
    Jodi Van Voorhis
    Herndon, VA
    Justin Valadez
    Herndon, VA
    Garrett Boyd
    Herndon, VA
    Jennifer Ruppert
    Herndon, VA
    Kimberly Heffernan
    Herndon, VA
    Deatrice Johnson
    Herndon, VA
    Joseph Wilson
    Herndon, VA

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