Reston Wealth Management, LLC. (Reston)

Name: Reston Wealth Management, LLC.
Address: 1984 Isaac Newton Square West, Reston, VA, 20190 5039
Telephone: 703-481-2280

Reston Wealth Management, LLC. is a large advisory firm based in Reston. It manages $246.39 million of regulatory assets for 427 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, District of Columbia, Florida, and 6 other states.

Reston Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Reston Wealth Management: assets under management

The assets under management (AUM) of Reston Wealth Management, LLC. is $246.39 million. The firm's AUM has grown by 138% since the beginning of its operation, and $541.33 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $237.93 million in discretionary accounts and $8.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $580.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $497.58 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 47% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reston Wealth Management, LLC. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Reston Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Reston Wealth Management is high net worth individuals with 101 clients and $149.34 million of assets under management. Among the 9 most similar advisory firms, Reston Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.39 million for 427 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Reston Wealth Management doesn't advise any private funds.

Careers at Reston Wealth Management, LLC.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Reston Wealth Management, LLC. is owned by Robert Eugene Tucker. Alexander Coerte Voorhees joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Eugene Tucker	Owner	1 Jan 2003	75% - 100%	1610751
Chloerissa Grey Kirwan	Chief compliance officer	1 Mar 2011	Other	4305480
Linda Sue Tucker	Member	1 Sep 2016	25% - 50%	1372016
Alexander Coerte Voorhees	Partner	1 Jan 2017	Other	6153993

Based in Reston

The principal office where Reston Wealth Management, LLC. performs its advisory services is located at 1984 Isaac Newton Square West, Reston, VA 20190 5039, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-481-2280 or by fax 703-935-6402. The normal business hours are 8:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at restonwealth.com and its LinkedIn profile.