(804) 729-5265
Schedule Your Free Strategy Session*
Find out if you're a fit for our services and enjoy a personalized discussion to learn how we can help you retire without the stress of money. Schedule yours today!
(Currently limited to investors with a $1 million+ portfolio (excluding real estate))
Awards & Recognition
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.
Best Financial Advisory Firms 2026 by USA Today/Statista
Awarded each March based on data from a 12-month period through January 2026.
Best-In-State Wealth Advisors 2026 by Forbes/Shook Research
Awarded each April based on data from a 12-month period through June 2025.
Why Should You Trust Covenant Wealth Advisors?
Covenant Wealth Advisors has not provided any compensation for the 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.
Imagine the Confidence You'll Have with a Personalized Plan to Guide You
At the same time we're working toward your immediate goals, we're planning the next steps to keep you financially confident and secure.
Step 1:
Road Map & Goal Time Line
We'll discuss and document your retirement goals, priorities and concerns.
Step 2:
Identify Potential Strategies
We'll help identify strategies and opportunities you might be missing.
Step 3:
Determine if We're a Fit
We'll answer your questions, walk you through our process fees and determine if we're a fit.
FAQs
What happens when I complete the form for a free Strategy Session?
1. You complete the form above and then schedule your strategy session on the subsequent page (Zoom or in-person at our Richmond, Reston, or Williamsburg office).
2. We meet for 45-60 minutes to discuss your goals, concerns, and how we might help
3. We both decide if moving forward together makes sense
No high-pressure tactics. No gotchas. Just an honest conversation.
If You Become a Client
You'll receive a customized plan that fully integrates retirement income planning, tax planning, and investment management. You'll receive ongoing support with proactive advice, regular reviews, and adjustments to keep your plan aligned with your evolving goals and investments so we can help you enjoy retirement without the stress of money.
Where will my money be held?
Your investments are held at Charles Schwab or Fidelity, which serve as independent, third-party custodians. These firms are separate from Covenant Wealth Advisors and are responsible for safeguarding your assets.
Your accounts remain in your name at all times. As your advisor, we receive limited trading authority to manage the investments according to your financial plan, but we cannot withdraw funds or move money outside your accounts without your authorization.
Important protections:
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Schwab and Fidelity are both SIPC members, providing protection up to $500,000 (including $250,000 for cash claims) in the unlikely event of custodian failure
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We do not have custody of your assets—only management authority
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We do not receive commissions from Schwab, Fidelity, or investment products
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As a fiduciary, we are legally obligated to act in your best interest
You'll receive statements directly from your custodian and maintain 24/7 online access to view your accounts independently.
How does the transfer of money and my investments work?
Moving your investment accounts to us is a smooth and secure process. Using the industry-standard ACAT (Automated Customer Account Transfer) system, your assets transfer “in-kind”—meaning nothing is sold, liquidated, or altered during the move. Whether it’s an IRA or a taxable brokerage account, your holdings remain intact; the only thing that changes is the login screen. Rest assured, we won’t make any adjustments to your portfolio until you’ve approved a customized strategy built specifically around your goals, risk preferences, and tax considerations.
What are your fees and how do you charge them?
We charge an annual advisory fee based on a tiered percentage of assets under management. Our fee schedule is clearly communicated during your initial intro call.
What's included:
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Investment management and portfolio monitoring
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Comprehensive financial planning
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Tax planning strategies and coordination with your CPA
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Estate planning guidance and coordination with your attorney
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Ongoing advice and regular portfolio reviews
What's NOT included:
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Tax preparation services (performed by your CPA)
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Legal documents (prepared by your estate attorney)
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Alternative investments or assets held away from our management (rare)
Billing details:
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Fees are billed quarterly in advance or arrears depending upon your situation.
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Deducted directly from your account with your authorization
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No long-term contracts—you may terminate at any time with written notice
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Prorated refund for any unused portion if you terminate mid-quarter
Your exact fee will be disclosed in writing before you become a client and will be detailed in our advisory agreement. We'll review our complete fee schedule during your initial consultation, and you can also review it in our Form ADV Part 2A, which we provide to all prospective clients.
How do you justify your fee?
Our fee reflects a comprehensive, ongoing relationship that goes far beyond investment management alone.
While every situation is different, we believe the biggest indicator of our value is in our client retention rate of 98% for 2025.
What you receive:
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Personalized retirement income planning
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Proactive tax planning strategies coordinated with your tax preparer
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Portfolio construction and ongoing investment management
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Estate planning guidance and coordination with your attorney
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Social Security claiming analysis
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Risk management and insurance reviews
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Regular financial planning updates as your life evolves
Unlike hourly billing, where you might hesitate to call with questions, or commission-based models that can create additional conflicts of interest, our AUM fee structure provides unlimited access to advice throughout the year. You're not charged separately each time we review your estate plan, analyze a Roth conversion opportunity, or help you navigate a financial decision.
Understanding the AUM model: Our fee is calculated as a percentage of assets under management, which means it fluctuates with your account value—both up and down. When markets decline, our fee declines proportionally. This structure does create an inherent incentive for us to grow assets, which is why our fiduciary duty to act in your best interest is critical. We're required by law to recommend strategies based on your goals and circumstances, not our compensation.
Our tiered structure means clients with larger portfolios pay a lower percentage rate, and there are generally no separate charges for financial planning services or additional meetings when you engage in a wealth management relationship.
The value proposition: Many retirees face complex decisions around tax-efficient withdrawal strategies, Medicare planning, estate transfers, and investment allocation during a 20-30 year retirement. Our clients work with us because they value having an experienced fiduciary partner helping them navigate these decisions with confidence. Whether that's worth the fee is ultimately a decision only you can make—and one you can reconsider at any time, as we have no long-term contracts.
Does Mark Fonville or Matt Brennan personally oversee every client?
While Mark and Matt aren’t directly involved with every individual client, the quality of your experience doesn’t depend on that. Every financial plan is crafted according to the rigorous standards they’ve built into our team-based model. You'll be supported by a dedicated group—including a lead advisor, senior advisor, associate advisor, and client service associate—each trained through Covenant's internal development program to ensure you receive thoughtful, personalized guidance grounded in our core principles. The result: a consistently high level of care, no matter who you work with.
How do you approach tax planning?
At Covenant, we focus on proactive tax planning as part of your overall financial strategy. This may include exploring options such as Roth conversions, tax loss or gain harvesting, charitable giving strategies, and coordinating income levels in ways that may affect healthcare-related costs or subsidy eligibility. These strategies are considered in the context of your broader financial goals and are not intended as tax advice. While we do not prepare or file tax returns, we regularly coordinate with your CPA or tax professional to help ensure that planning decisions are implemented in a manner consistent with your overall tax situation.
We do not share or sell your information. The free retirement strategy session is for individuals who have over $1 million in investment assets excluding real estate. By completing the form above, you agree to be contacted by Covenant Wealth Advisors by phone, text, or email so we can schedule your strategy meeting.
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.
*Free Strategy Session and Consultation:
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
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. All honorees must pass Inc.’s editorial review. See full methodology.
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.
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.
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.
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.
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.
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 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.