David Wealth Management Review
computer Visit Site phone 703-560-8300 print Print Report
October 28th, 2020
David Wealth Management, registered in 2012, is a Registered Investment Advisor (RIA) in 4 state(s) with a licensed staff of 2 advisors. David Wealth Management manages $91.5 million and provides investment advisory services for 65 clients (1:33 advisor/client ratio).
Disciplinary Questions
After checking the disciplinary records of David Wealth Management, our system found no disciplinary questions to ask. Checks take place monthly.
Conflict Questions
After checking the regulatory records of David Wealth Management, our system has identified the following question(s) to ask. Learn more.
Which securities do you trade for yourself that you will also be recommending to me?
Why ask? This firm has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.
Our system found no other conflict questions to ask. Checks take place monthly.
Firm Information
As a financial advisory firm, also known as a Registered Investment Advisor (RIA), David Wealth Management can provide a variety of financial planning services for Americans. The goal of a financial advisor is to review your personal finances and work with you to achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan. Financial advisors focus primarily on money management, including investments like stocks, ETFs, and mutual funds.
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
| Summary | Firm |
| Overall Rating | |
| Minimum Investment | $250,000 |
| Average Client Balance | $1,408,141 |
| Total AUM | $91.5 million |
| Fee Range | AUM fees range from 0.5%- 1.25% depending on your account balance. Please contact the firm for more details. |
| Advisor / Client Ratio | 1:33 |
| Languages Offered | English |
| Specialities | Retirement Planning, Business Owners, Family Planning, Retirees |
| Website | Visit Site |
| Phone Number | 703-560-8300 |
| Headquarters | Fairfax, VA |
| Locations | See locations |
| Visit Profile | |
| davidwealthmgmt | |
| Visit Profile | |
| SEC Filings | View SEC IAPD CRD #164232 |
Investment Philosophy
We focus on what we can control, which is to leverage the extensive body of academic research on the behavior of stocks and bonds. We believe that, in liquid markets, prices reflect all available information -- and we focus strategies on the dimensions of higher expected returns and seek to add value through portfolio design and implementation.
Disciplinary History
An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.
As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for David Wealth Management:
Cost
Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.
Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").
FAQs
Where is David Wealth Management headquartered? Which states do its financial advisors serve?
David Wealth Management is headquartered in Fairfax, VA. David Wealth Management offers financial advisor services in 4 states: California, District of Columbia, Louisiana, Maryland, Virginia.
What is the average client balance at David Wealth Management?
While David Wealth Management advises clients across a variety of portfolio sizes, the average client balance is currently $1,408,141. In total, David Wealth Management manages $91,529,184 in assets.
What is the historical performance of David Wealth Management?
The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
Can I write a review of David Wealth Management or file a complaint?
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
Other Firms
JHM Asset Management, Alternative Capitalis, Provenio Capital, BG Financial Advisors
This automated report was generated using SEC and FINRA data and was last updated on October 28th, 2020*. For data support, email "support@investor.com". Views: 284 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.
*SEC data last verified 10/28/2020. For the most up-to-date information, please view the applicable SEC and FINRA reports above. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Any data inaccuracies, please contact our team. All requests for updated information should also be reported directly to the SEC and/or FINRA. Firm’s/Financial Professional’s investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the “Personal Bio,” “Certifications,” and/or “Investment Philosophy” portions of the profile page. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com’s Trust Score algorithm or review process.
