Cassaday & Company, Inc. Hits Major Milestone in Wealth Management

Cassaday & Company, Inc. Hits Major Milestone in Wealth Management

Cassaday & Company, Inc., has announced that the firm now has $2 billion in assets under management (AUM). This is a significant milestone in the industry, as fewer than 1 percent of wealth management firms are at this level. According to RIA Channel, there are approximately 12,500 wealth managers in the nation, but only 120 manage more than $2 billion.

Stephan Cassaday founded the company in 1993 after 16 years working for Wall Street firms. He abandoned the traditional brokerage model in order to provide objective advice without conflicts of interest, and to assure that clients could work with an independent firm that was not owned by a bank, insurance or brokerage firm. Starting with $40 million in client assets in 1993, Cassaday and his team, through a combination of returns and new clients, has grown at a compounded rate of over 18 percent for 23 years.

The firm has been recognized by peers, the community and the media as an industry leader. Barron’s, Forbes, Financial Times, and Investment News among others have ranked Cassaday & Company, Inc. as a top wealth management firm.

Cassaday credits the growth of Cassaday & Company, Inc. to his exceptional employees. “Our success is directly related to the hard work of our professionals who are rallied around the idea that investors want objective and impartial advice from fiduciaries working at an independent firm. When your employees all think like owners and always do what is right for clients, great things happen,” says Cassaday. “I’m honored to be surrounded by such talented people who work together towards a simple goal— honesty, integrity, judgment and service at the highest levels, always.”

Cassaday & Company, Inc. is an independent wealth management firm located in McLean.