Wealth Management team at Covenant Wealth Advisors

Why We're Different

You get one chance to retire. It's time to hire a pro who specializes in advising people just like you.

SEE IF YOU'RE A FIT

Awards & Recognition

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Covenant Wealth AdvisorsAmerica's Top Financial Advisory Firms 2026_Top Financial Advisory

Top Financial Advisory Firms 2026 by Newsweek/Plant-A-Insights Group

Awarded each November based on data from a 12-month period through September 2025.

2026_USA Today_Best Financial Advisory Firm_Covenant Wealth Advisors

Best Financial Advisory Firms 2026 by USA Today/Statista

Awarded each March based on data from a 12-month period through January 2026.

2026 Forbest Best in State Wealth Advisors for Mark Fonville and Covenant Wealth Advisors

Best-In-State Wealth Advisors 2026 by Forbes/Shook Research

Awarded each April based on data from a 12-month period through June 2025.

Enjoy a Relationship with a CFP® Professional Who is Passionate About Retirement Income Planning

Trust. Objectivity. Experience. These are just a few of the words that will come to your mind when partnering with Covenant Wealth Advisors.

How Does Covenant Wealth Advisors Stack Up?

How is Covenant Wealth Advisors different from other financial advisors? We are a fee-only fiduciary, so we earn no commissions and sell no proprietary products. Every client works with a CERTIFIED FINANCIAL PLANNER™ professional, and a CPA on our team handles tax planning alongside your investments.

The tables below compare what we provide with three common alternatives: doing it yourself, a traditional independent wealth management firm, and an advisor or broker at a bank or insurance company.

The characteristics and services above are only estimates based on what we generally see in the marketplace. Services and characteristics may differ by firm and there is no guarantee that our representation of other types of advisors is inclusive of every situation. Be sure to inquire about the services provided by any advisor prior to engaging in a relationship.

98%

Client retention rate

*2025 Client Retention

$1.05+ billion

assets under management as of 06/30/2026

14+ Years

Average industry experience per CERTIFIED FINANCIAL PLANNER™ Professional

Covenant Wealth Advisors in the News

Covenant Wealth Advisors Named a 2026 Richmond BizSense RVA 25 Finalist

Covenant Wealth Advisors Named to the 2026 Inc. 5000 — Climbing More Than 1,200 Spots

Covenant Wealth Advisors Named to Worth Magazine's Top RIA Firms List for 2026

USA Today/Statista Recognize Covenant Wealth Advisors as a Best Financial Advisory Firm for 2026

Newsweek Recognizes Covenant Wealth Advisors as One of America's Top Financial Advisory Firms 2026

Covenant Wealth Advisors Ranks Among the Fastest-Growing Private Companies in America on the 2025 Inc. 5000

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Ready to Plan a Retirement You'll Love?

SEE IF YOU'RE A FIT

What you get	Covenant Wealth Advisors	Do it yourself	Traditional independent wealth management firm	Bank or insurance company advisor or broker
Fiduciary standard of care	Yes	?	Yes	Not typically
Fee-only (no commissions)	Yes	?	Not typically	Not typically
Independent	Yes	?	Yes	Not typically
CFP® professionals	Yes	?	Not typically	Not typically
60:1 or better client to advisor ratio	Yes	?	Not typically	Not typically
98% client retention rate (2025)	Yes	?	Not typically	Not typically
Experience in retirement income and tax planning	Yes	?	Not typically	Not typically
14+ years average experience per CFP® professional	Yes	?	Not typically	Not typically

What you get

Covenant Wealth Advisors

Do it yourself

Traditional independent wealth management firm

Bank or insurance company advisor or broker

Fiduciary standard of care

Yes

Not typically

Fee-only (no commissions)

Yes

Not typically

Independent

Yes

Not typically

CFP® professionals

Yes

Not typically

60:1 or better client to advisor ratio

Yes

Not typically

98% client retention rate (2025)

Yes

Not typically

Experience in retirement income and tax planning

Yes

Not typically

14+ years average experience per CFP® professional

Yes

Not typically

What you get	Covenant Wealth Advisors	Do it yourself	Traditional independent wealth management firm	Bank or insurance company advisor or broker
Lower-cost investments	Yes	Yes	Not typically	Not typically
Customized portfolios	Yes	Yes	Yes	Yes
Tax-efficient management of your investments	Yes	?	Not typically	Not typically
Strategic tax-loss harvesting	Yes	?	Yes	Not typically
Opportunistic rebalancing	Yes	?	Not typically	Not typically
401(k) accounts integrated into your total plan	Yes	?	Not typically	Not typically
Sells proprietary products	No	No	Yes	Yes
Investment risk analysis	Yes	?	Yes	Yes
Stock options analysis and strategy	Yes	?	Not typically	Not typically
Factor investing strategies (value, small, profitability)	Yes	?	Not typically	Not typically
Behavioral coaching through difficult markets	Yes	?	Yes	Yes
Simplify and consolidate accounts	Yes	?	Yes	Not typically
Time spent managing your portfolio handled for you	Yes	?	Yes	Yes
Private client relationship	Yes	?	Yes	Yes

What you get

Covenant Wealth Advisors

Do it yourself

Traditional independent wealth management firm

Bank or insurance company advisor or broker

Lower-cost investments

Yes

Not typically

Customized portfolios

Yes

Tax-efficient management of your investments

Yes

Not typically

Strategic tax-loss harvesting

Yes

Not typically

Opportunistic rebalancing

Yes

Not typically

401(k) accounts integrated into your total plan

Yes

Not typically

Sells proprietary products

Yes

Investment risk analysis

Yes

Stock options analysis and strategy

Yes

Not typically

Factor investing strategies (value, small, profitability)

Yes

Not typically

Behavioral coaching through difficult markets

Yes

Simplify and consolidate accounts

Yes

Not typically

Time spent managing your portfolio handled for you

Yes

Private client relationship

Yes

What you get	Covenant Wealth Advisors	Do it yourself	Traditional independent wealth management firm	Bank or insurance company advisor or broker
Proactive guidance on all financial matters	Yes	?	Yes	Not typically
Cash flow projections in retirement	Yes	?	Yes	Not typically
Net worth projections to guide decisions	Yes	?	Yes	Not typically
Pension analysis	Yes	?	Yes	Not typically
Advice on assets the advisor doesn’t manage	Yes	?	Not typically	Not typically
Investment plan and tax plan integrated	Yes	?	Not typically	Not typically
Social Security optimization and timing	Yes	?	Yes	Yes
Time spent on planning decisions handled for you	Yes	?	Yes	Yes
Coordination with your CPA and attorney	Yes	?	Yes	Yes

What you get

Covenant Wealth Advisors

Do it yourself

Traditional independent wealth management firm

Bank or insurance company advisor or broker

Proactive guidance on all financial matters

Yes

Not typically

Cash flow projections in retirement

Yes

Not typically

Net worth projections to guide decisions

Yes

Not typically

Pension analysis

Yes

Not typically

Advice on assets the advisor doesn’t manage

Yes

Not typically

Investment plan and tax plan integrated

Yes

Not typically

Social Security optimization and timing

Yes

Time spent on planning decisions handled for you

Yes

Coordination with your CPA and attorney

Yes

What you get	Covenant Wealth Advisors	Do it yourself	Traditional independent wealth management firm	Bank or insurance company advisor or broker
Tax return analysis	Yes	?	Not typically	Not typically
Roth conversion analysis	Yes	?	Not typically	Not typically
Tax-efficient charitable giving strategies	Yes	?	Not typically	Not typically
Tax bracket management in retirement	Yes	?	Not typically	Not typically
Withdrawal order management in retirement	Yes	?	Not typically	Not typically
IRMAA surcharge avoidance strategies	Yes	?	Not typically	Not typically
Federal and state tax reduction strategies	Yes	?	Not typically	Not typically

What you get

Covenant Wealth Advisors

Do it yourself

Traditional independent wealth management firm

Bank or insurance company advisor or broker

Tax return analysis

Yes

Not typically

Roth conversion analysis

Yes

Not typically

Tax-efficient charitable giving strategies

Yes

Not typically

Tax bracket management in retirement

Yes

Not typically

Withdrawal order management in retirement

Yes

Not typically

IRMAA surcharge avoidance strategies

Yes

Not typically

Federal and state tax reduction strategies

Yes

Not typically

Why We're Different

Enjoy a Relationship with a CFP® Professional Who is Passionate About Retirement Income Planning

How Does Covenant Wealth Advisors Stack Up?

Covenant Wealth Advisors in the News

Covenant Wealth Advisors Named a 2026 Richmond BizSense RVA 25 Finalist

Covenant Wealth Advisors Named to the 2026 Inc. 5000 — Climbing More Than 1,200 Spots

Covenant Wealth Advisors Named to Worth Magazine's Top RIA Firms List for 2026

USA Today/Statista Recognize Covenant Wealth Advisors as a Best Financial Advisory Firm for 2026

Newsweek Recognizes Covenant Wealth Advisors as One of America's Top Financial Advisory Firms 2026

Covenant Wealth Advisors Ranks Among the Fastest-Growing Private Companies in America on the 2025 Inc. 5000

Advisor characteristics

Portfolio management

Financial planning

Tax planning with a CPA