Covenant Wealth Advisors

Covenant Wealth Advisors, established in 2010, is a registered investment adviser based in Richmond, VA, offering financial planning and investment management services to individuals, families, trusts, estates, endowments, and family businesses. The firm's principal owners are Katherine Fonville, Mark Fonville, Matthew Brennan, and Adam Smith. Covenant Wealth Advisors derives its revenue solely from financial planning and investment advisory fees, not from commissions. The firm acts as a fiduciary, prioritizing clients' best interests and actively managing conflicts of interest. Services include financial planning, investment management, and coordination with subject matter experts. Investment strategies are based on Modern Portfolio Theory, focusing on asset allocation, equity and fixed income investing, US and international markets, large and small company investing, and value and growth company investing. The firm primarily uses passively managed mutual funds or ETFs from providers like DFA, Vanguard, and Avantis. Clients have investment discretion options, and fees range from 0.40% to 1.50% per year based on assets under management. The firm does not accept performance-based fees or have any disciplinary events in the past ten years. Clients receive regular reports and can request additional plans or reports for a fee. CWA does not accept voting authority for client securities and has no financial conditions impairing its ability to meet contractual commitments.