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Covenant Wealth Advisors wealth management team in Richmond, Williamsburg, and Reston VA.

About Covenant Wealth Advisors

Learn how our award winning* wealth management firm in Richmond, Reston, and Williamsburg VA can help you.

Awards & Recognition

Click Here for Disclosures

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

Top Financial Advisory Firms 2025-2026 by Newsweek/Plant-A-Insights Group 

 

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

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Best Financial Advisory Firms 2025 by USA Today/Statista


Awarded each March based on data from a 12-month period through January 2025.

2025_Best in State Wealth Advisors Forbes.png

Best-In-State Wealth Advisors 2025 by Forbes

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Awarded each April based on data from a 12-month period through June 2024.​

You Deserve a Financial Advisor and Wealth Management Firm Who Specializes in Retirement Planning 

Founded in 2010, Covenant Wealth Advisors is an award winning* independent, fee-only wealth management firm and financial planner located in Richmond, Reston, and Williamsburg, VA. We help individuals age 50 plus achieve financial peace of mind leading up to and through retirement. Our wealth management services are geared toward helping individuals enjoy life without the stress of money.

 

As our name implies, we pledge to always put client interests first. 

 

Rather than simply sell products, we take the time to personalize strategies around your total financial life. As a fee-only firm, we never charge commissions or accept third-party payments. While experience and technology drives our work, we're driven by real relationships and transparent communication. A culture of learning, teamwork, and dedication to always doing what's right for our clients drives Covenant's people. 

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Start with a free retirement plan today!

98%

 Client retention rate

*2025 Client Retention

$909 million +

assets under management as of 12/31/2025

18+ Years

Average industry experience per CERTIFIED FINANCIAL PLANNER™ Professional

Our Values

Hear From Clients We've Served

The testimonials below are from current clients of Covenant Wealth Advisors. We have not provided any compensation for the client testimonials shown. We have solicited these testimonials but have not influenced their content. To our knowledge, no other conflicts of interest exist regarding these testimonials. Click on the individual name below for date of posting.

Our Values

We are driven by our values

Integrity

We believe in objectivity, transparency, and putting client interests first all the time.

Pursue Excellence

We continually seek education, better experiences, and better outcomes.

Gratitude

Clients rely on us for some of their most important financial decisions and we never forget that the honor is ours.

Enjoy Life and Family

We value family, friends, and having the time and flexibility to live a great life. 

Make It Happen

We believe in positive, can-do, attitudes where every member of our team is accountable for their actions.

Listen

We ask questions, listen, and have a genuine interest in people.

Our Team

Our Team
Mark Fonville is the CEO and a Certified Financial Planner and Financial Advisor for Covenant Wealth Advisors in Richmond and Williamsburg, VA.

Mark Fonville, CFP®

CEO and Financial Advisor

23+ Years Experience

Richmond | Williamsburg | Virtually Nationwide

Katherine Fonville is a wealth manager, financial advisor, and financial planner in Richmond and Williamsburg VA

Katherine Fonville

Founder and Financial Advisor

16+ Years Experience

Richmond, VA

Matt Brennan is a Certified Financial Planner and Financial Advisor for Covenant Wealth Advisors in Reston, VA.

Matt Brennan, CFP®

Vice President and Financial Advisor

20+ Years Experience

Reston, VA

Adam Smith is a Certified Financial Planner and Financial Advisor for Covenant Wealth Advisors in Reston, VA.

Adam Smith, CFP®

Financial Advisor

17+ Years Experience

Reston, VA

Scott Hurt is a wealth manager, financial advisor, and financial planner in Richmond and Williamsburg VA with over 20 years of experience.

Scott Hurt, CFP®, CPA

 

Financial Advisor

20+ Years Experience

Richmond | Williamsburg | Virtually Nationwide

Andrew Casteel is the Chief Investment Officer of Covenant Wealth Advisors and a financial advisor and CFP for the firm in Reston, VA.

Andrew Casteel, CFP®

 

Chief Investment Officer and Financial Advisor

11+ Years Experience

Reston | Richmond | Virtually Nationwide

Megan Waters is a Certified Financial Planner and Financial Advisor for Covenant Wealth Advisors in Richmond VA and Williamsburg VA.

Megan Waters, CFP®

Financial Advisor

17+ Years Experience

Richmond | Williamsburg | Virtually Nationwide

Rosana Nguyen is a wealth manager, financial advisor, and financial planner in Richmond and Williamsburg VA

Rosana Nguyen

Associate Financial Advisor​

2+  Years Experience

Richmond | Williamsburg | Virtually Nationwide

Anthony_castaldi_operations_manager

Anthony Castaldi

Business Operations Manger

13 Years Experience

Reston, VA

Aidan_banner_paraplanner

Aidan Banner

Paraplanner
3+ Years Experience

Richmond, VA

Terri Miller Covenant Wealth Advisors

Terri Miller, FPQP®

Client Services Manager

14+ Years Experience

Richmond | Williamsburg | Virtually Nationwide

Marleigh Feehan Covenant Wealth Advisors

Marleigh Feehan

Client Service Associate

3+ Years Experience

Reston, VA | Virtually Nationwide

Why We're Different

FIDUCIARY FINANCIAL ADVISORS

Work with a financial advisor who is required by law to always put client interests first. 

NO COMMISSIONS

Never pay commissions again. As fee-only financial advisors, we never receive commissions or 3rd party payments.

60 TO 1 CLIENT TO ADVISOR RATIO

Your team will include a CERTIFIED FINANCIAL PLANNER™ (CFP®) professional, a CPA, and a Client Service Manager who actually has the time to advise you.

FOCUS ON RETIREMENT PLANNING

You get one chance to retire without running out of money. Enjoy a relationship with a financial planner who focuses on retirement income planning.

FIXATION ON TAXATION

Tax planning is the art of arranging your affairs to minimize the impact of tax costs along the way. As tax laws are often complex and frequently change, our CPA works alongside our financial planners to help our clients reduce their tax liability now and in the future.

COMMITMENT TO EDUCATION

We believe the more you know, the more confident you will be. Confidence drives discipline. Discipline may lead to a more successful investment experience.

Covenant Wealth Advisors is a fee only financial planning and wealth management firm in Richmond, Reston, and Williamsburg VA
Covenant Wealth Advisors has over five certified financial planner professionals
Covenant Wealth Advisors is a member of NAPFA

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GENERAL

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About

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DISCLOSURES

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Form CRS

Form ADV 2A

Privacy Policy

Legal Disclosure

CONTACT US

 

Email: info@mycwa.com

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Hours of Operation:​

Mon - Friday: 08:30 AM - 05:00 PM 

 

WILLIAMSBURG VA LOCATION

351 McLaws Circle,

Suite 1

Williamsburg, VA 23185

(757) 259-0111

 

RICHMOND VA LOCATION

8001 Franklin Farms Drive

RM 208

Richmond, VA 23229

(804) 729-5265

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RESTON VA LOCATION

1768 Business Center Drive

Suite 120

Reston, VA 20190

(703) 991-2000

​Disclosures:​

Services offered by Covenant Wealth Advisors (CWA), a d/b/a of Fonville Wealth Management LLC, a fee-only financial planner and registered investment adviser with offices in Richmond, Reston, and Williamsburg, Va. Registration of an investment advisor does not imply a certain level of skill or training. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. Investments involve risk and there is no guarantee that investments will appreciate. Past performance is not indicative of future results. By entering your info into our forms, you are consenting to receive our email newsletter and/or calls regarding our products and services from CWA. This agreement is not a condition to proceed forward. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like accounting, tax or legal advice, you should consult with your own accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by Covenant Wealth Advisors unless a client service agreement is in place. If referenced, case studies presented are purely hypothetical examples only and do not represent actual clients or results. These studies are provided for educational purposes only. Similar, or even positive results, cannot be guaranteed.

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*Free Strategy Session and Consultation:

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No Monetary Cost
Our Strategy Session is provided at no monetary cost to you, and you are under no obligation to purchase any products or services.
 

Information Exchange
To request this Strategy Session, you must provide your contact information (name, email address, and phone number). By requesting this free session, you acknowledge that you are exchanging your contact information for the assessment and registering for our weekly newsletter offered at no monetary cost to you.
 

Assessment Process
Initial Consultation: We will schedule a meeting to discuss, document, and prioritize your retirement goals and concerns. During the conversation we may discuss strategies to consider in the areas of investment management, tax planning, and retirement income planning. Should you decide to become a paying client, we will design, build and implement a financial plan to help you to and through retirement.
 

No Obligation
You are not required to provide the additional financial information, meet with us beyond the initial consultation, or engage our services. You may discontinue the process or opt out of future communications at any time. You understand that by not providing information prohibits us from providing a thorough analysis.

 

Educational Nature
This Strategy Session is educational and analytical in nature. It does not constitute personalized investment advice or a recommendation to take any specific action. No advisory relationship is formed as a result of participating in this session. Any investment advice or implementation of strategies would only be provided after you formally engage us as a client through execution of a client service agreement.

 

Awards and Recognition

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Inc. 5000 America's Fastest Growing Companies - Covenant Wealth Advisors was nominated by Inc. 5000 on Tuesday, August 12, 2025 as one America's fastest growing private companies. Companies on the 2025 Inc. 5000 list are ranked according to their percentage revenue growth over three years, from 2021 to 2024. To qualify, companies must be privately held, for-profit, based in the U.S., and independent (not subsidiaries or divisions of other companies) as of December 31, 2024. Since then, some companies on the list may have gone public or been acquired. Companies must have been founded and generating revenue by March 31, 2021. The minimum revenue requirement is $100,000 for 2021 and $2 million for 2024. CWA compensated Inc. 5000 for licensing rights to use this nomination in advertising materials. All honorees must pass Inc.’s editorial review. See full methodology.

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Newsweek / Plant-A-Insights Group — America’s Top Financial Advisory Firms 2026 - Covenant Wealth Advisors was nominated by Newsweek/Plant-A-Insights Group in November of 2025 as one of America’s Top Financial Advisory Firms for 2026. You may access the nomination methodology disclosure here and a list of financial advisory firms selected. CWA compensated Newsweek/Plant-A-Insights Group for licensing rights to use this nomination in advertising materials. This nomination was granted by an organization that is not a CWA client.

 

Newsweek / Plant-A-Insights Group — America’s Top Financial Advisory Firms 2025 - Covenant Wealth Advisors was nominated by Newsweek/Plant-A-Insights Group in November of 2024 as one of America’s Top Financial Advisory Firms for 2025. You may access the nomination methodology disclosure here and a list of financial advisory firms selected. CWA compensated Newsweek/Plant-A-Insights Group for licensing rights to use this nomination in advertising materials. This nomination was granted by an organization that is not a CWA client.

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Forbes / Shook Research — Best-In-State Wealth Advisor 2025 - Mark Fonville was nominated for the Forbes Best-In-State Wealth Advisor 2025 ranking for Virginia in April of 2025, based on data evaluated during the 12-month period ending June 30, 2024. Forbes Best-In-State Wealth Advisor full ranking disclosure. Read more about Forbes ranking and methodology here. CWA compensated Forbes/Shook Research for licensing rights to use this nomination in advertising materials. This nomination was granted by an organization that is not a CWA client.

 

USA Today / Statista — 2025 Ranking - USA Today’s 2025 ranking is compiled by Statista and based on the growth of the companies’ assets under management (AUM) over the short and long term and the number of recommendations they received from clients and peers. Covenant was selected on March 19th, 2025. CWA compensated USA Today/Statista for licensing rights to use this ranking in advertising materials. See USA Today state ranking here. See USA Today methodology here. See USA Today for more information. This ranking was granted by an organization that is not a CWA client.


​RichmondBizSense — #1 Fastest Growing Company (2020) - CWA was awarded the #1 fastest growing company by RichmondBizSense on October 8th, 2020 based on three-year annual revenue growth ending December 31st, 2019. To qualify for the annual RVA 25, companies must be privately-held, headquartered in the Richmond region and able to submit financials for the last three full calendar years. Submissions were vetted by Henrico-based accounting firm Keiter. No compensation was provided to RichmondBizSense in connection with this ranking. This ranking reflects historical growth during the 2017–2019 period and is not indicative of current or future performance.

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Expertise.com — Best Financial Advisors (2026) - Expertise.com selected Covenant Wealth Advisors as one of the best financial advisors in Williamsburg, VA and best financial advisors in Richmond, VA for 2026, last updated as of this disclosure on March 12, 2026. Expertise.com's selection process evaluates providers across five criteria: (1) Availability — confirming the provider's service area and accessibility; (2) Qualifications — validating licenses, certifications, and professional accreditations; (3) Reputation — analyzing review data across public records, including volume, average scores, and rating consistency; (4) Experience — assessing primary area of expertise, variety of services offered, and years in practice; and (5) Professionalism — conducting mystery shopping calls to evaluate knowledgeability, friendliness, and responsiveness. Expertise.com researches more than 60,000 businesses monthly across over 200 industries. CWA compensated Expertise.com for advertising on their platform in connection with use of this rating. This selection was made by an organization that is not a CWA client.

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General Award Disclosures - The awards and nominations listed above were granted by organizations that are not CWA clients. Where compensation has been provided in connection with obtaining or using any third-party rating, it is disclosed within the specific award entry above. Rankings and awards are not indicative of any client’s experience or of future performance. They should not be construed as a current or past endorsement of CWA by any of its clients. While we seek to minimize conflicts of interest, no registered investment adviser is conflict free and we advise all interested parties to request a list of potential conflicts of interest prior to engaging in a relationship.​

 

CWA is a member of the Better Business Bureau. We compensate the BBB to be a member and our BBB rating is independently determined by the BBB.

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Client retention rate - Client retention rate is calculated by (total clients at end of period – new clients acquired during period) / total clients at start of period) x 100%. When displayed, the retention rate will specify the time period measured can assumed to be from January 1st to December 31st of the year provided. Past retention rates are not indicative of future client satisfaction or retention.

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