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Wealth Management Firms (RIAs) in Richmond, VA

42 wealth management firms are on this list. Of those that report regulatory assets on Form ADV, Davenport & Company is the largest: $24.7 billion through Davenport & Company LLC (filed ).

Cary Street Partners follows with $10.3 billion. The 42 advisers counted report $59.9 billion together; the ten largest hold 79% of it, and half report less than $442 million.

Updated . Rechecked quarterly; next check . Figures read , as filed to .

Where the $59.9BN sitsThe 42 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $10BN to $25BN58%2 firms
  2. $1BN to $5BN23%9 firms
  3. $500MM to $1BN8%7 firms
  4. Under $500MM11%24 firms

Latest Form ADV of each, filed Feb 2026 to Sep 2026. Read ; sources at the end of the page.

Wealth management firms listedList of November 2026; 39 are wealth managers and 3 are wealth managers with a broker-dealer
42
Combined assets42 counted; as filed to Sep 2026
$59.9BN
Largest: Davenport & CompanyAs filed
$24.7BN
Median firmHalf of the 42 report less
$442MM
Held by the ten largestOf the $59.9BN combined
79%

Davenport & Company, Cary Street Partners and Capitol Securities Management lead the Richmond, VA wealth management firms by assets

The twenty largest by regulatory assets on their latest Form ADV. Together they report $54.0BN, 90% of the $59.9BN the 42 counted report.

  1. 1

    Davenport & Company

    Wealth manager with a broker-dealer, Richmond, VA

    $24.7BNRegulatory assets, Jul 2026

    57% high net worth, 17% funds (1940 act), 16% other individuals

    Individual clients
    16,855
    Private funds
    3
  2. 2

    Cary Street Partners

    Wealth manager, Richmond, VA

    $10.3BNRegulatory assets, Mar 2026

    73% high net worth, 14% other individuals, 8% pension plans

    Individual clients
    6,641
  3. 3

    Capitol Securities Management

    Wealth manager with a broker-dealer, Glen Allen, VA

    $2.2BNRegulatory assets, Mar 2026

    39% high net worth, 32% other, 26% other individuals

    Individual clients
    3,177
  4. 4

    Kanawha Capital Management

    Wealth manager, Richmond, VA

    $1.8BNRegulatory assets, Sep 2026

    92% high net worth, 5% other individuals, 2% charities

    Individual clients
    560
  5. 5

    Godsey & Gibb Wealth Management

    Wealth manager, Richmond, VA

    $1.6BNRegulatory assets, May 2026

    76% high net worth, 11% other individuals, 6% businesses

    Individual clients
    747
  6. 6

    Heartwood Wealth Advisors

    Wealth manager, Richmond, VA

    $1.5BNRegulatory assets, Apr 2026

    92% high net worth, 7% pension plans

    Individual clients
    566
  7. 7

    Wealthcrossing

    Wealth manager, Richmond, VA

    $1.5BNRegulatory assets, Mar 2026

    97% high net worth, 2% charities, 2% other individuals

    Individual clients
    266
  8. 8

    Salomon and Ludwin

    Wealth manager, Richmond, VA

    $1.3BNRegulatory assets, Jul 2026

    94% high net worth, 5% other individuals, 2% other advisers

    Individual clients
    459
  9. 9

    Canal Capital Management

    Wealth manager, Richmond, VA

    $1.3BNRegulatory assets, Aug 2026

    79% high net worth, 14% private funds, 3% charities

    Individual clients
    390
    Private funds
    7
  10. 10

    Verus Financial Partners

    Wealth manager, Richmond, VA

    $1.2BNRegulatory assets, May 2026

    77% high net worth, 23% other individuals

    Individual clients
    636
  11. 11

    Alpha Omega Wealth Management

    Wealth manager, Richmond, VA

    $1.0BNRegulatory assets, Sep 2026

    86% high net worth, 11% other individuals, 2% charities

    Individual clients
    473
  12. 12

    Covenant Wealth Advisors

    Wealth manager, Richmond, VA

    $910MMRegulatory assets, May 2026

    86% high net worth, 13% other individuals

    Individual clients
    522
  13. 13

    3chopt Investment Partners

    Wealth manager, Richmond, VA

    $889MMRegulatory assets, Mar 2026

    97% high net worth, 2% other individuals

    Individual clients
    235
  14. 14

    Campbell Deegan Financial

    Wealth manager, Richmond, VA

    $745MMRegulatory assets, Mar 2026

    76% high net worth, 23% other individuals

    Individual clients
    766
  15. 15

    Juno Financial Group

    Wealth manager, Richmond, VA

    $542MMRegulatory assets, Feb 2026

    43% pension plans, 41% high net worth, 16% other individuals

    Individual clients
    305
  16. 16

    Redmond Asset Management

    Wealth manager, Henrico, VA

    $537MMRegulatory assets, Apr 2026

    70% high net worth, 11% other individuals, 11% insurers

    Individual clients
    292
  17. 17

    Founders Grove Wealth Partners

    Wealth manager, Richmond, VA

    $532MMRegulatory assets, Mar 2026

    95% high net worth, 5% other individuals

    Individual clients
    169
  18. 18

    The Main Street Group

    Wealth manager, Glen Allen, VA

    $515MMRegulatory assets, Sep 2026

    52% other individuals, 45% high net worth, 2% pension plans

    Individual clients
    711
  19. 19

    Taylor Hoffman Capital Management

    Wealth manager, Richmond, VA

    $470MMRegulatory assets, Aug 2026

    78% high net worth, 16% other individuals, 4% charities

    Individual clients
    516
    Private funds
    1
  20. 20

    Z3 Capital Partners

    Wealth manager, Richmond, VA

    $467MMRegulatory assets, Sep 2026

    58% high net worth, 31% other individuals, 11% businesses

    Individual clients
    303

Regulatory assets each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds 41% of the assets

How the 42 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's regulatory assets in its latest filing. Every dot is one adviser. Dollar scale is logarithmic.
Assets of each of the 42 firms counted, log scaleEach dot is one adviser and links to its row. Davenport & Company $24.7BN; Cary Street Partners $10.3BN; Capitol Securities Management $2.2BN; median $442MM.$100MM$1BN$10BN$100BNDavenport & Company: $24.7BNCary Street Partners: $10.3BNCapitol Securities Management: $2.2BNKanawha Capital Management: $1.8BNGodsey & Gibb Wealth Management: $1.6BNHeartwood Wealth Advisors: $1.5BNWealthcrossing: $1.5BNSalomon and Ludwin: $1.3BNCanal Capital Management: $1.3BNVerus Financial Partners: $1.2BNAlpha Omega Wealth Management: $1.0BNCovenant Wealth Advisors: $910MM3chopt Investment Partners: $889MMCampbell Deegan Financial: $745MMJuno Financial Group: $542MMRedmond Asset Management: $537MMFounders Grove Wealth Partners: $532MMThe Main Street Group: $515MMTaylor Hoffman Capital Management: $470MMZ3 Capital Partners: $467MMColonial River Wealth Management: $464MMAcima Private Wealth: $420MMWills Financial Group: $386MMParagon Financial Services: $384MMCommonwealth Retirement Investments: $377MMDover Advisors: $376MMSteelhead Wealth Management: $342MMEvoadvisors: $337MMKinloch Capital: $301MMJames River Asset Management: $274MMHighstone Group: $264MMCobblestone Asset Management: $259MMAlpha Advisors: $256MMManuka Financial: $218MMThompson Davis Asset Management: $211MMBowen Financial Services: $191MMSima Wealth Partners: $157MMSpark Financial Advisors: $147MMNorton Capital Management: $132MMTone Capital: $118MMRcplanners: $112MMAscent Financial Group: $101MMDavenport & Company $24.7BNCary Street Partners $10.3BNCapitol Securities Management $2.2BNMedian $442MMAssets of each of the 42 firms counted, log scaleEach dot is one adviser and links to its row. Davenport & Company $24.7BN; Cary Street Partners $10.3BN; Capitol Securities Management $2.2BN; median $442MM.$1BN$100BNDavenport & Company $24.7BNMedian $442MM

One dot per firm counted. Read .

The 42 firms, by size
Under $500MM2411%$6.8BN
$500MM to $1BN78%$4.7BN
$1BN to $5BN923%$13.5BN
$5BN to $10BN00%$0
$10BN to $25BN258%$35.0BN
$25BN and over00%$0

Assets each reported in its latest filing; shares are of the $59.9BN combined, one row per firm. Read .

41%

of the assets reported sits with one firm, Davenport & Company. The five largest hold 68%; 31 of 42 report under $1 billion.

41%Largest26%Next 432%Other 37
Who the 42 are
  1. Wealth managers39
  2. Wealth managers with a broker-dealer3

Kind of each, from its Form ADV (Items 5.G and 6.A), October 2026.

Whose money it isShare of the 42 advisers' assets by type of client
  1. High net worth68%
  2. Other individuals15%
  3. Funds (1940 Act)7%
  4. Charities3%
  5. Pension plans3%
  6. Private funds1%

Client types each adviser reports with its assets, latest filing; sums of filed figures.

Leaders beyond the ranking

Figures the main ranking does not compare: the most individual clients, the most high net worth clients, most private funds.

The most individual clientsIndividuals each firm advises, high net worth and other, on its latest Form ADV (Item 5.D).
RankNameFigure
1Davenport & Company16,855Jul 2026
2Cary Street Partners6,641Mar 2026
3Capitol Securities Management3,177Mar 2026
4Colonial River Wealth Management1,798Mar 2026
5Campbell Deegan Financial766Mar 2026
6Godsey & Gibb Wealth Management747May 2026
7Paragon Financial Services729Jul 2026
8The Main Street Group711Sep 2026

Counts of clients as filed; a client is an account holder the adviser counts, not a household.

The most high net worth clientsHigh net worth individuals each firm advises, on its latest Form ADV (Item 5.D).
RankNameFigure
1Davenport & Company5,667Jul 2026
2Cary Street Partners2,175Mar 2026
3Capitol Securities Management1,287Mar 2026
4Heartwood Wealth Advisors566Apr 2026
5Godsey & Gibb Wealth Management440May 2026
6Kanawha Capital Management407Sep 2026
7Paragon Financial Services297Jul 2026
8Canal Capital Management288Aug 2026

Counts of clients as filed; a client is an account holder the adviser counts, not a household.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Canal Capital Management7Aug 2026
2Davenport & Company3Jul 2026
3Taylor Hoffman Capital Management1Aug 2026
4Thompson Davis Asset Management1Sep 2026

The list is public. The warm path is not. Schedule a conversation

All 42 wealth management firms

A to Z, with each firm's regulatory assets, its clients, the share of its assets held for individuals and its private funds, each with a pin to its Form ADV.

Showing all 42 firms

Kind
Where
Size
Order
Wealth Management Firms (RIAs) in Richmond, VA 42 firms, A to Z
OfficeAssetsBarClientsIndividualsPrivate funds
3chopt Investment Partners
Wealth manager, Richmond, VA.
Detail and sources for 3chopt Investment Partners

Form ADV of 3chopt Investment Partners LLC (CRD 319125), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $889MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and selection of other advisers. Clients (Item 5.D): 235 individuals, 144 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$889MMMar 2026236100%
Acima Private Wealth
Wealth manager, Richmond, VA.
Detail and sources for Acima Private Wealth

Form ADV of Acima Private Wealth LLC (CRD 281496), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $420MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and selection of other advisers. Clients (Item 5.D): 59 individuals, 36 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$420MMApr 20266398%
Alpha Advisors
Wealth manager, Richmond, VA.
Detail and sources for Alpha Advisors

Form ADV of Alpha Advisors, LLC (CRD 118107), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $256MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 115 individuals, 60 of them high net worth; individuals hold 99% of its regulatory assets.

Files: SEC Form ADV.

$256MMAug 202611699%
Alpha Omega Wealth Management
Wealth manager, Richmond, VA.
Detail and sources for Alpha Omega Wealth Management

Form ADV of Alpha Omega Wealth Management, LLC (CRD 149842), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.0BN; 9 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Alpha Omega Wealth Management, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting and selection of other advisers. Clients (Item 5.D): 473 individuals, 206 of them high net worth; individuals hold 97% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$1.0BNSep 202649097%
Ascent Financial Group
Wealth manager, Richmond, VA.
Detail and sources for Ascent Financial Group

Form ADV of Ascent Financial Group LLC (CRD 325706), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $101MM; 2 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and selection of other advisers. Clients (Item 5.D): 128 individuals, 40 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$101MMFeb 2026128100%
Bowen Financial Services
Wealth manager, Midlothian, VA.
Detail and sources for Bowen Financial Services

Form ADV of Bowen Financial Services, LLC (CRD 116714), SEC registered adviser, filed , main office Midlothian, VA: regulatory assets $191MM; 3 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 67 individuals, 50 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$191MMMar 202667100%
Campbell Deegan Financial
Wealth manager, Richmond, VA.
Detail and sources for Campbell Deegan Financial

Form ADV of Campbell Deegan Wealth Management, LLC (CRD 293020), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $745MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and pension consulting. Clients (Item 5.D): 766 individuals, 195 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$745MMMar 2026770100%
Canal Capital Management
Wealth manager, Richmond, VA.
Detail and sources for Canal Capital Management

Form ADV of Canal Capital Management, LLC (CRD 164971), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.3BN; 7 private funds, $163MM gross; 6 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Canal Capital Management, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, management of private funds, selection of other advisers and other services. Clients (Item 5.D): 390 individuals, 288 of them high net worth; individuals hold 82% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$1.3BNAug 202641782%7
Capitol Securities Management
Wealth manager with a broker-dealer, Glen Allen, VA.
Detail and sources for Capitol Securities Management

Form ADV of Capitol Securities Management, Inc. (CRD 14169), SEC registered adviser, filed , main office Glen Allen, VA: regulatory assets $2.2BN; 170 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers and educational seminars. Clients (Item 5.D): 3,177 individuals, 1,287 of them high net worth; individuals hold 64% of its regulatory assets. It is also registered as a broker-dealer (Item 6.A).

Files: SEC Form ADV.

$2.2BNMar 20263,97064%
Cary Street Partners
Wealth manager, Richmond, VA.
Detail and sources for Cary Street Partners

Form ADV of Cary Street Partners Investment Advisory LLC (CRD 128545), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $10.3BN; 182 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Cary Street Partners Investment Advisory LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers and educational seminars. Clients (Item 5.D): 6,641 individuals, 2,175 of them high net worth; individuals hold 87% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$10.3BNMar 20266,98887%
Cobblestone Asset Management
Wealth manager, Richmond, VA.
Detail and sources for Cobblestone Asset Management

Form ADV of Cobblestone Asset Management LLC (CRD 326545), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $259MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Cobblestone Asset Management LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and selection of other advisers. Clients (Item 5.D): 432 individuals, 32 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$259MMMay 202643298%
Colonial River Wealth Management
Wealth manager, Midlothian, VA.
Detail and sources for Colonial River Wealth Management

Form ADV of Colonial River Investments, LLC (CRD 284839), SEC registered adviser, filed , main office Midlothian, VA: regulatory assets $464MM; 21 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Colonial River Investments, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and selection of other advisers. Clients (Item 5.D): 1,798 individuals, 174 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$464MMMar 20261,798100%
Commonwealth Retirement Investments
Wealth manager, Richmond, VA.
Detail and sources for Commonwealth Retirement Investments

Form ADV of Commonwealth Retirement Investments LLC (CRD 285998), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $377MM; 12 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, publications and educational seminars. Clients (Item 5.D): 336 individuals, 138 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$377MMMar 2026337100%
Covenant Wealth Advisors
Wealth manager, Richmond, VA.
Detail and sources for Covenant Wealth Advisors

Form ADV of Fonville Wealth Management LLC (CRD 155221), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $910MM; 12 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Fonville Wealth Management LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting and selection of other advisers. Clients (Item 5.D): 522 individuals, 280 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$910MMMay 2026523100%
Davenport & Company
Wealth manager with a broker-dealer, Richmond, VA.
Detail and sources for Davenport & Company

Form ADV of Davenport & Company LLC (CRD 1588), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $24.7BN; 3 private funds, $710MM gross; 525 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Davenport & Company LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, management of registered funds, management of private funds, portfolio management for businesses and institutions, pension consulting, selection of other advisers and educational seminars. Clients (Item 5.D): 16,855 individuals, 5,667 of them high net worth; individuals hold 72% of its regulatory assets. It is also registered as a broker-dealer (Item 6.A).

Files: SEC Form ADV, SEC Form 13F.

$24.7BNJul 202617,72472%3
Dover Advisors
Wealth manager, Richmond, VA.
Detail and sources for Dover Advisors

Form ADV of Dover Advisors, LLC (CRD 320832), SEC registered adviser, filed : regulatory assets $376MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Dover Advisors, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 128 individuals, 73 of them high net worth; individuals hold 100% of its regulatory assets. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV, SEC Form 13F.

$376MMJul 2026128100%
Evoadvisors
Wealth manager, Richmond, VA.
Detail and sources for Evoadvisors

Form ADV of Evolution Advisers, Inc. (CRD 149615), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $337MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 167 individuals, 96 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$337MMApr 2026168100%
Founders Grove Wealth Partners
Wealth manager, Richmond, VA.
Detail and sources for Founders Grove Wealth Partners

Form ADV of Founders Grove Wealth Partners, LLC (CRD 331352), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $532MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and selection of other advisers. Clients (Item 5.D): 169 individuals, 119 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$532MMMar 2026169100%
Godsey & Gibb Wealth Management
Wealth manager, Richmond, VA.
Detail and sources for Godsey & Gibb Wealth Management

Form ADV of Godsey & Gibb Inc. (CRD 105650), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.6BN; 23 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions, publications and educational seminars. Clients (Item 5.D): 747 individuals, 440 of them high net worth; individuals hold 87% of its regulatory assets.

Files: SEC Form ADV.

$1.6BNMay 202683187%
Heartwood Wealth Advisors
Wealth manager, Richmond, VA.
Detail and sources for Heartwood Wealth Advisors

Form ADV of Heartwood Wealth Advisors, LLC (CRD 300273), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.5BN; 13 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting, selection of other advisers and educational seminars. Clients (Item 5.D): 566 individuals, 566 of them high net worth; individuals hold 92% of its regulatory assets.

Files: SEC Form ADV.

$1.5BNApr 202657492%
Highstone Group
Wealth manager, Richmond, VA.
Detail and sources for Highstone Group

Form ADV of Comprehensive Financial Planning Corporation (CRD 107549), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $264MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Possible match by name only, not counted: Comprehensive Financial Planning Inc. (CRD 109822), registered adviser, filed , Oklahoma City, OK.

Possible match by name only, not counted: Comprehensive Financial Planning, Inc. (CRD 110937), registered adviser, filed , East Petersburg, PA.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 174 individuals, 14 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$264MMMar 2026174100%
James River Asset Management
Wealth manager, Midlothian, VA.
Detail and sources for James River Asset Management

Form ADV of James River Asset Management, LLC (CRD 117917), SEC registered adviser, filed , main office Midlothian, VA: regulatory assets $274MM; 9 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting and other services. Clients (Item 5.D): 411 individuals, 104 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$274MMAug 202642098%
Juno Financial Group
Wealth manager, Richmond, VA.
Detail and sources for Juno Financial Group

Form ADV of Juno Financial Group LLC (CRD 336362), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $542MM; 8 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and pension consulting. Clients (Item 5.D): 305 individuals, 84 of them high net worth; individuals hold 57% of its regulatory assets.

Files: SEC Form ADV.

$542MMFeb 202632157%
Kanawha Capital Management
Wealth manager, Richmond, VA.
Detail and sources for Kanawha Capital Management

Form ADV of Kanawha Capital Management, LLC (CRD 118458), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.8BN; 11 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 560 individuals, 407 of them high net worth; individuals hold 96% of its regulatory assets.

Files: SEC Form ADV.

$1.8BNSep 202657296%
Kinloch Capital
Wealth manager, Glen Allen, VA.
Detail and sources for Kinloch Capital

Form ADV of Kinloch Capital, LLC (CRD 300735), SEC registered adviser, filed , main office Glen Allen, VA: regulatory assets $301MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Kinloch Capital, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and management of private funds. Clients (Item 5.D): 185 individuals, 101 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$301MMMar 2026185100%
The Main Street Group
Wealth manager, Glen Allen, VA.
Detail and sources for The Main Street Group

Form ADV of The Main Street Group, Ltd (CRD 175502), SEC registered adviser, filed , main office Glen Allen, VA: regulatory assets $515MM; 13 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 711 individuals, 122 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$515MMSep 202676598%
Manuka Financial
Wealth manager, Richmond, VA.
Detail and sources for Manuka Financial

Form ADV of Manuka Financial, LLC (CRD 313528), SEC registered adviser, filed : regulatory assets $218MM; 2 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 56 individuals, 50 of them high net worth; individuals hold 100% of its regulatory assets. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$218MMFeb 202656100%
Norton Capital Management
Wealth manager, Henrico, VA.
Detail and sources for Norton Capital Management

Form ADV of Norton Capital Management, Inc. (CRD 110398), SEC registered adviser, filed , main office Henrico, VA: regulatory assets $132MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 106 individuals, 37 of them high net worth; individuals hold 92% of its regulatory assets.

Files: SEC Form ADV.

$132MMSep 202611192%
Paragon Financial Services
Wealth manager, Richmond, VA.
Detail and sources for Paragon Financial Services

Form ADV of Paragon Financial Services (CRD 164832), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $384MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting and other services. Clients (Item 5.D): 729 individuals, 297 of them high net worth; individuals hold 95% of its regulatory assets.

Files: SEC Form ADV.

$384MMJul 202673895%
Rcplanners
Wealth manager, Midlothian, VA.
Detail and sources for Rcplanners

Form ADV of Retirement Capital Planners, LLC (CRD 298369), SEC registered adviser, filed : regulatory assets $112MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 179 individuals, 19 of them high net worth; individuals hold 100% of its regulatory assets. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$112MMAug 2026179100%
Redmond Asset Management
Wealth manager, Henrico, VA.
Detail and sources for Redmond Asset Management

Form ADV of Redmond Asset Management, LLC (CRD 138706), SEC registered adviser, filed , main office Henrico, VA: regulatory assets $537MM; 6 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Redmond Asset Management, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 292 individuals, 114 of them high net worth; individuals hold 81% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$537MMApr 202629881%
Salomon and Ludwin
Wealth manager, Richmond, VA.
Detail and sources for Salomon and Ludwin

Form ADV of Salomon and Ludwin, LLC (CRD 292456), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.3BN; 12 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 459 individuals, 263 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$1.3BNJul 202645998%
Sima Wealth Partners
Wealth manager, Richmond, VA.
Detail and sources for Sima Wealth Partners

Form ADV of Sima Wealth Partners, LLC (CRD 159943), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $157MM; 6 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and selection of other advisers. Clients (Item 5.D): 111 individuals, 60 of them high net worth; individuals hold 92% of its regulatory assets.

Files: SEC Form ADV.

$157MMSep 202611592%
Spark Financial Advisors
Wealth manager, Richmond, VA.
Detail and sources for Spark Financial Advisors

Form ADV of Spark Financial Advisors, LLC (CRD 296914), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $147MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 164 individuals, 44 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$147MMMar 2026164100%
Steelhead Wealth Management
Wealth manager, Glen Allen, VA.
Detail and sources for Steelhead Wealth Management

Form ADV of Steelhead Wealth Management LLC (CRD 338410), SEC registered adviser, filed , main office Glen Allen, VA: regulatory assets $342MM; 7 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and pension consulting. Clients (Item 5.D): 278 individuals, 103 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$342MMMar 2026280100%
Taylor Hoffman Capital Management
Wealth manager, Richmond, VA.
Detail and sources for Taylor Hoffman Capital Management

Form ADV of Taylor Hoffman Capital Management, LLC (CRD 309329), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $470MM; 1 private fund, $9.9MM gross; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, management of private funds and selection of other advisers. Clients (Item 5.D): 516 individuals, 151 of them high net worth; individuals hold 94% of its regulatory assets.

Files: SEC Form ADV.

$470MMAug 202652194%1
Thompson Davis Asset Management
Wealth manager with a broker-dealer, Richmond, VA.
Detail and sources for Thompson Davis Asset Management

Form ADV of Thompson Davis & Co., Inc. (CRD 41353), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $211MM; 1 private fund, $4.1MM gross; 9 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, management of private funds, portfolio management for businesses and institutions and selection of other advisers. Clients (Item 5.D): 294 individuals, 206 of them high net worth; individuals hold 96% of its regulatory assets. It is also registered as a broker-dealer (Item 6.A).

Files: SEC Form ADV.

$211MMSep 202630096%1
Tone Capital
Wealth manager, Richmond, VA.
Detail and sources for Tone Capital

Form ADV of Tone Capital, LLC (CRD 285622), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $118MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 164 individuals, 99 of them high net worth; individuals hold 99% of its regulatory assets.

Files: SEC Form ADV.

$118MMMar 202616699%
Verus Financial Partners
Wealth manager, Richmond, VA.
Detail and sources for Verus Financial Partners

Form ADV of Verus Financial Partners, Inc. (CRD 106744), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.2BN; 21 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of Verus Financial Partners, Inc., quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 636 individuals, 265 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$1.2BNMay 2026636100%
Wealthcrossing
Wealth manager, Richmond, VA.
Detail and sources for Wealthcrossing

Form ADV of SBK Financial, Inc. (CRD 132513), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $1.5BN; 18 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, selection of other advisers and other services. Clients (Item 5.D): 266 individuals, 197 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$1.5BNMar 202626798%
Wills Financial Group
Wealth manager, Richmond, VA.
Detail and sources for Wills Financial Group

Form ADV of Wills Financial Group, LLC (CRD 334431), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $386MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 254 individuals, 90 of them high net worth; individuals hold 99% of its regulatory assets.

Files: SEC Form ADV.

$386MMFeb 202625499%
Z3 Capital Partners
Wealth manager, Richmond, VA.
Detail and sources for Z3 Capital Partners

Form ADV of Z3 Capital Partners, LLC (CRD 336791), SEC registered adviser, filed , main office Richmond, VA: regulatory assets $467MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 303 individuals, 62 of them high net worth; individuals hold 89% of its regulatory assets.

Files: SEC Form ADV.

$467MMSep 202631189%

Assets are the regulatory assets in the adviser's latest Form ADV (Item 5.F; solid bar). Clients are every client it counts (Item 5.D); Individuals is the share of its assets held for individuals, high net worth and other; private funds are the funds it advises (Item 7.B). Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

One firm holds 41% of the money

Five findings from the filings of the 42 firms counted.

  1. 41%

    of the $59.9 billion the 42 firms counted report is one firm's: Davenport & Company. Without it, the other 41 report $35.2 billion.

    Assets, latest Form ADV of each; sums of filed figures

  2. $442MM

    is the median: half of the 42 report less, and 31 report under $1 billion.

    Assets, latest Form ADV of each

  3. 12

    private funds are advised by the firms counted; Canal Capital Management advises the most, 7.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  4. 68%

    of their assets is high net worth money; the next largest client type is other individuals, at 15%.

    Client types each adviser reports with its assets; sums of filed figures

  5. 17

    of the 42 have their main office in Richmond city, VA; the next place is Henrico County, VA, with 15.

    Main office on each Form ADV

Questions

How many wealth management firms are there in Richmond, VA?

This list holds 42 wealth management firms in the Richmond, VA metro; 42 of them report regulatory assets on Form ADV, $59.9 billion together.

What are the largest wealth management firms in Richmond, VA?

By the regulatory assets they report: Davenport & Company $24.7 billion, Cary Street Partners $10.3 billion, Capitol Securities Management $2.2 billion, Kanawha Capital Management $1.8 billion, Godsey & Gibb Wealth Management $1.6 billion.

How much do wealth management firms in Richmond, VA typically manage?

Of the 42 that report, the median reports $442 million in regulatory assets; 31 report under $1 billion.

How do you start a relationship with wealth management firms in Richmond, VA?

Each figure on this page carries a pin that opens the firm's Form ADV, which names its services, its clients and how to reach it. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
42 wealth management firms, 39 are wealth managers and 3 are wealth managers with a broker-dealer. Every SEC registered adviser with a main office in Richmond, VA MSA (Census CBSA 40060) that reports $100 million or more in regulatory assets, half or more of them for individuals, less the firms our other lists carry as another kind.
Ranking rule
The top 20, every total, share and median, the charts and the answers to the questions use one set: the 42 advisers that report regulatory assets in their latest SEC Form ADV, with a main office in the Richmond, VA metro, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $59.9BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its latest 13F report. The pin's label names the source and its date.
What we searched
On we read every firm's latest Form ADV in the SEC monthly file by its CRD and searched 13F reports by the CIK on its Form ADV record. Of the 42, 42 report on a current Form ADV and 11 file 13F reports.
Words
Each firm's kind is read from its Form ADV: a wealth manager advises individuals and offers financial planning (Items 5.D and 5.G); "also a broker-dealer" where Item 6.A is checked. Firm names only: no person, contact or website is shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 42 advisersFilings to 2026-10-01; read 2026-11-06
Reports of listed stocks (13F filer)SEC EDGAR Form 13F, 11 filers, by the CIK on each Form ADVLatest filing; read 2026-11-06
Main office to metroHUD USPS ZIP to county crosswalk, 2026 Q2, and the Census metro delineation, July 2023Read 2026-11-06
LogosNone shown: each firm has a monogramRead 2026-11-06

Cite as: Praxis Rock Advisors, "Wealth Management Firms (RIAs) in Richmond, VA," updated November 6, 2026, praxisrock.com/resources/investors/wealth-management-firms-richmond-va

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