Newsweek Nominates Covenant Wealth Advisors as One of America's Top Financial Advisory Firms
Updated: Jan 28, 2025
We are proud to announce that Covenant Wealth Advisors has been recognized as one of America's Top Financial Advisory Firms by Newsweek for 2025. Even more remarkable, we are one of only two firms in Virginia to receive their 5-star rating.
This recognition isn't just an accolade – it's a testament to the extraordinary dedication, expertise, and genuine care that our team brings to work every day. To our incredible colleagues and advisors: your commitment to serving our clients with integrity, wisdom, and compassion continues to inspire me. You've turned our mission of helping families achieve their financial dreams into a reality.
To our valued clients: thank you for your trust and partnership. This recognition ultimately reflects the relationships we've built together and the impact we've been privileged to make in your lives.
While awards are wonderful acknowledgments, our true measure of success remains unchanged – helping our clients navigate their financial journeys with clarity, confidence and peace of mind. Here's to continuing this mission together.
Disclosure:
METHODOLOGY from Newsweek:
"Plant-A Insights Group and Newsweek have partnered to identify America's Top Financial Advisory Firms 2025. We analyzed over 15,000 Financial advisories registered with the SEC, and then applied the following methodology to identify the best of the best.
We began by shortlisting firms with more than $20 million assets under management (AUM), a minimum of 3 wealth advisors, at least 5 individual clients, and at least two years of SEC registration. Firms were also screened for clean disciplinary records and availability of portfolio management services to individual investors. These shortlisted firms were then analyzed and scored based on the following factors:
• Asset Performance: Growth in assets under management indicates both financial performance and the health of a firm's client base, the cornerstones of advisory excellence. We include both short-term (Sept 2024 vs Sept 2023) and long-term (CAGR Sept 2019 to Sept 2024) measures of asset growth in our scoring model.
• Client Performance: Great advisories retain their clients and attract new ones. We again include both short and long-term measures of client base growth/shrinkage for short term (Sept 2024 vs Sept 2023) and long term (CAGR Sept 2019 to Sept 2024).
• Adviser Expertise and Client Ratio: We include measures that capture the credentialed expertise of each firm as well as their client-to-adviser ratio.
• Breadth of service offerings: Great firms offer a bundle of related services for their investors. We considered the number of other wealth advisory services in our scoring model, such as financial planning services and pension consulting services.
• Conflicts of interests: The best advisories work to prevent conflicts of interest; firms with conflicts of interests are penalized in the scoring model.
We calculate a score for each firm. The top 750 Financial Advisory Firms have been recognized as America's Top Financial Advisory Firms 2025. The performance of firms not included in the ranking is not disputed.
DISCLAIMER
Rankings Placement
Placement in the Rankings (defined below) is a positive recognition based on research of publicly available data sources from the time period in question. Newsweek and Plant-A Insights make no claim to the completeness of the firms examined.
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The Rankings are prepared by Plant-A and reflect an editorial content piece, based on secondary market research. This includes publicly available data and specific data provided directly to Plant-A. These Rankings are published in conjunction with Newsweek and should be viewed as an editorial work, not as definitive financial or business guidance. The ranking only includes firms that qualify according to the criteria described in this document.
Data Accuracy and Periodicity
The Rankings are generated from Investment Adviser Information Reports data sourced from SEC for the month of September 2024. They are inherently a reflection of historical data and may not include subsequent developments, unforeseen events, or additional data not covered during the research period. The results of this ranking should not be used as sole source of information for future deliberation. The information provides through this list should rather be considered in conjunction with other available information about the financial advisory firm. The quality of financial advisory firms that are not included in the ranking is not disputed.
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