Data / Investment advisers / Virginia / Covenant Wealth Advisors
Covenant Wealth Advisors, Richmond, VA: $910 million AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Covenant Wealth Advisors is an SEC registered investment adviser with its main office in Richmond, Virginia and reports $910 million in regulatory assets under management in its Form ADV filed May 13, 2026. Its clients include high net worth individuals, individuals and pension and profit sharing plans. It is paid through a percentage of assets under management, hourly charges and fixed fees.
The request: Watch Covenant Wealth Advisors (CRD number 155221): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 155221
- SEC file number
- 801-114868
- SEC status
- Approved, effective March 22, 2019
- Legal name
- Fonville Wealth Management LLC
- Main office
- 8001 Franklin Farms Drive RM 208, Richmond, VA 23229
- Phone
- (804) 729-5265
- Regulatory AUM
- $909,643,877 in the Form ADV filed May 13, 2026
- Discretionary AUM
- $890,166,746
- Non discretionary AUM
- $19,477,131
- Accounts
- 1,890
- Employees
- 12, of which 12 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, hourly charges, fixed fees
- Other offices
- 2
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- May 13, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 280 | $783.5 million |
| Individuals (other than high net worth individuals) | 242 | $122.8 million |
| Pension and profit sharing plans | 1 | $3.3 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| March 2, 2026 | $909.6 million | February 4, 2026 |
| December 1, 2025 | $653 million | March 19, 2025 |
Other advisers in Richmond
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Salomon and Ludwin | Richmond | $1.34 billion | Not listed | adviserinfo.sec.gov |
| Canal Capital Management, LLC | Richmond | $1.28 billion | 7 | adviserinfo.sec.gov |
| Verus Financial Partners | Richmond | $1.18 billion | Not listed | adviserinfo.sec.gov |
| Alpha Omega Wealth Management, LLC | Richmond | $1.02 billion | Not listed | adviserinfo.sec.gov |
| Nasdaq Dorsey Wright | Richmond | $1.01 billion | Not listed | adviserinfo.sec.gov |
| 3chopt Investment Partners LLC | Richmond | $889.4 million | Not listed | adviserinfo.sec.gov |
| Blue Edge Capital, LLC | Richmond | $765.1 million | Not listed | adviserinfo.sec.gov |
| Campbell Deegan Financial | Richmond | $745.1 million | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Richmond, VA
- Investment advisers in Virginia
- Advisers with $500 million to $1 billion in AUM
- Advisers serving high net worth individuals
- Advisers serving individuals
- Covenant Wealth Advisors on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.