Progress Wealth ManagementIndependent Financial Education

Financial advisors · Virginia

Fee-only financial advisors in Richmond, VA

From SEC and state Form ADV filingsUpdated 2026-11-07

43 fee-only investment advisers have offices in Richmond, Virginia, according to their Form ADV filings with the SEC and state regulators. 28 offer hourly or flat-fee arrangements, 12 charge only a percentage of the assets they manage, and 30 provide financial planning. 32 are SEC-registered, which generally means at least $100 million under management; the rest are smaller state-registered practices. None reports disciplinary history.

Data from Form ADV filings as of November 6, 2026. Listings are factual and unpaid. Default order puts firms offering financial planning first and high-volume platforms after advice practices; how ordering works.

Paid partly in stock? Richmond is home to large offices of Capital One. Before you meet an adviser, read our plain-English guides to Capital One, and run your numbers in the RSU tax calculator and the vesting schedule calculator. Ask each firm how many clients it advises on RSUs, ESPPs and concentrated stock, and how it charges for that work.

Showing 43 of 43

Paragon Financial Services

3761 Westerre Parkway Suite H, Richmond, VA 23233 · (804) 673-8888

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$384M
Individual clients
729
Advisory staff
4
Registered with
SEC

Profile · Website · SEC record

Verus Financial Partners

9030 Stony Point Parkway Suite 160, Richmond, VA 23235 · (804) 592-3465

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$1.2B
Individual clients
636
Advisory staff
12
Registered with
SEC

Profile · Website · SEC record

Covenant Wealth Advisors

8001 Franklin Farms Drive RM 208, Richmond, VA 23229 · (804) 729-5265

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$910M
Individual clients
522
Advisory staff
12
Registered with
SEC

Profile · Website · SEC record

Brockenbrough

920 Libbie Ave. Suite 201, Richmond, VA 23226 · (804) 288-0404

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$5.5B
Individual clients
482
Advisory staff
15
Registered with
SEC

Profile · Website · SEC record

Salomon and Ludwin

1401 Gaskins Road, Richmond, VA 23238 · (804) 592-4999

  • Percentage of assets
  • Financial planning
Assets managed
$1.3B
Individual clients
459
Advisory staff
6
Registered with
SEC

Profile · Website · SEC record

Heritage Wealth Advisors

919 East Main Street Suite 950, Richmond, VA 23219 · (804) 643-4080

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$4.9B
Individual clients
384
Advisory staff
18
Registered with
SEC

Profile · Website · SEC record

Juno Financial Group LLC

1802 Bayberry Court Suite 203, Richmond, VA 23226 · (804) 500-6464

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$542M
Individual clients
305
Advisory staff
5
Registered with
SEC

Profile · Website · SEC record

Z3 Capital Partners

1739 Kelly Road, Richmond, VA 23230 · (804) 256-1770

  • Percentage of assets
  • Financial planning
Assets managed
$467M
Individual clients
303
Advisory staff
3
Registered with
SEC

Profile · Website · SEC record

Wealthcrossing

1001 Haxall Point Suite 705, Richmond, VA 23219 · (804) 237-1700

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$1.5B
Individual clients
266
Advisory staff
13
Registered with
SEC

Profile · Website · SEC record

Hermitage Wealth

3761 Westerre Parkway Suite G, Richmond, VA 23233 · (804) 270-7877

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$38M
Individual clients
197
Advisory staff
4
Registered with
SEC

Profile · Website · SEC record

Evoadvisors

2917 West Leigh Street, Richmond, VA 23230 · (804) 794-1981

  • Fixed fee
  • Financial planning
Assets managed
$337M
Individual clients
167
Advisory staff
6
Registered with
SEC

Profile · Website · SEC record

Clearview Financial

5000 Monument Avenue Suite 100, Richmond, VA 23230 · (804) 869-9541

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$103M
Individual clients
166
Advisory staff
2
Registered with
NC, VA

Profile · Website · SEC record

Spark Financial Advisors

7130 Glen Forest Drive Suite 110, Richmond, VA 23226 · (804) 451-1210

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$147M
Individual clients
164
Advisory staff
4
Registered with
SEC

Profile · Website · SEC record

Tone Capital, LLC

4120 W. Broad Street, Richmond, VA 23230 · (804) 447-1404

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$118M
Individual clients
164
Advisory staff
3
Registered with
SEC

Profile · Website · SEC record

Alpha Advisors, LLC

3951 Westerre Parkway Suite 130, Richmond, VA 23233 · (804) 754-8532

  • Percentage of assets
  • Fixed fee
  • Financial planning
Assets managed
$256M
Individual clients
115
Advisory staff
2
Registered with
SEC

Profile · Website · SEC record

Alexis Advisors

Richmond, VA (office address not published) · (804) 625-3290

  • Percentage of assets
  • Hourly
  • Financial planning
Assets managed
$66M
Individual clients
89
Advisory staff
2
Registered with
PA, VA

Profile · Website · SEC record

Fuller Wealth Advisors

2727 Buford Road Suite 1B, Richmond, VA 23235 · (804) 977-1122

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$84M
Individual clients
68
Advisory staff
1
Registered with
VA

Profile · Website · SEC record

Bonwell Capital Management, LLC

5700 West Grace Street Suite 107, Richmond, VA 23226 · (804) 285-1546

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$105M
Individual clients
57
Advisory staff
1
Registered with
FL, VA

Profile · SEC record

Rock Steady Wealth, Inc.

3301 Rosedale Ave Suite D, Richmond, VA 23230 · (804) 683-2565

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
$5.6M
Individual clients
24
Advisory staff
1
Registered with
VA

Profile · Website · SEC record

Watch Hill Financial Inc

7501 Boulder View Drive Suite 620, Richmond, VA 23225 · (804) 677-9685

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Financial planning
Assets managed
Not reported
Individual clients
Under 5
Advisory staff
2
Registered with
SEC

Profile · Website · SEC record

Cef Advisors

Richmond, VA (office address not published) · (804) 288-2482

  • Percentage of assets
  • Hourly
  • Fixed fee
  • Subscription
Assets managed
$186M
Individual clients
93
Advisory staff
2
Registered with
SEC

Profile · Website · SEC record

Tennext LLC

Richmond, VA (office address not published) · (804) 223-0514

  • Percentage of assets
Assets managed
$424K
Individual clients
Under 5
Advisory staff
1
Registered with
CA, KS, VA

Profile · SEC record

Not sure which Richmond firm fits?

Tell us what you need. We will suggest up to three fee-only firms that fit, and with your permission introduce you. Free, no obligation.

What do you want help with?

Fee-only advisers near Richmond

Another 19 fee-only firms have offices within 30 miles.

How to choose between them

  1. Decide how you want to pay. Hourly and flat-fee planners suit people who want a plan and will implement it themselves. A percentage-of-assets fee buys ongoing investment management; on $1 million at 1% that is $10,000 a year, every year.
  2. Check the SEC record. Each listing links to the firm’s page on the SEC’s Investment Adviser Public Disclosure site, where you can read the Form ADV Part 2 brochure (fees, minimums, conflicts) and any disciplinary history.
  3. Ask who you will actually work with and what credentials they hold. The advisor versus consultant guide explains which titles are regulated and which are marketing.
  4. Ask about minimums. Form ADV Part 1 does not record account minimums, so they are not shown here. Many asset-based firms require $500,000 or more; hourly planners usually have none.
  5. Get the fee in writing before you sign, including fund expenses and any platform or custody charges on top.

Frequently asked questions

What does fee-only mean?

A fee-only adviser is paid only by its clients, through hourly charges, flat fees, subscriptions or a percentage of the assets it manages. It does not earn commissions on products it recommends. In this directory the label is applied from each firm’s own Form ADV: the firm reports no commission compensation, is not a broker-dealer or registered representative of one, does not act as an insurance agent, and reports no related broker-dealer or insurance agency.

How much does a fee-only financial adviser cost in Richmond?

Form ADV records how firms charge, not what they charge. Of the 43 firms listed here, 28 offer hourly or flat fees and 41 charge a percentage of assets. Each firm’s Form ADV Part 2 brochure, linked from its profile, gives its actual fee schedule. Nationally, asset-based fees commonly run around 1% a year on the first $1 million and fall above that.

How were these Richmond advisers selected?

Every registered investment adviser with an office in Richmond that serves individuals, offers financial planning or portfolio management, and reports no commission or insurance compensation on its Form ADV is listed. Inclusion is free and automatic; no firm pays to appear. The methodology page has the full rules.

Are these advisers fiduciaries?

Registered investment advisers owe their clients a fiduciary duty under the Investment Advisers Act of 1940 for the advice they give. Ask any firm to confirm in writing that it acts as a fiduciary at all times and for all of your accounts.