Financial Services

Industry Sector: Financial Services

Money makes the world go round and Fairfax County handles, distributes and invests corporate and personal wealth like few other municipalities.

Home to names like Capital One, Wells Fargo, EY (Ernst and Young), Morgan Stanley, T. Rowe Price, Deloitte, PWC, Navy Federal Credit Union, Pentagon Federal Credit Union, United Nations Credit Union, Fannie Mae and Freddie Mac, financial services is an expanding industry cluster with a large consumer market.

The sector includes consumer and business banking, credit unions and private investment funds and provides consulting and advisory services, tax services, audit and assurance, risk management and transaction services.

Recently, Navy Federal, the world’s largest credit union, added about 600 jobs in the county.  Capital One is building a 470-foot tower on its 26-acre campus which, other than the Washington Monument, will be the tallest structure in the Baltimore-Washington area.

Proximity to numerous cybersecurity advisors as well as federal agencies, including the Federal Reserve, U.S. Dept. of the Treasury, the Securities and Exchange Commission and FINRA, make Fairfax County a natural home base for financial service firms.

The workforce boasts expertise in cybersecurity and data analytics, supports financial analysts, accountants, management analysts, economists, credit analysts, and IT professionals, not to mention a substantial legal community. Additionally, the Electronic Funds Transfer Association and NACHA – the Electronic Payments Association – help make the county a prime location for those involved in payment solutions, including electronic transfers.

As Fairfax County grows, so does the need for its financial sector to support the expanding industry cluster and large consumer market with everything from banking and private investments to financial advisory, tax and transaction services.