Covenant Wealth Advisors Ranks Among the Fastest-Growing Private Companies in America on the 2025 Inc. 5000
- Mark Fonville, CFP®
- Aug 13
- 5 min read
We’re thrilled to announce that Covenant Wealth Advisors has been named to the 2025 Inc. 5000* list of fastest-growing private companies in the U.S., earning a ranking of No. 3,054 thanks to an impressive 133% three‑year revenue growth.
This milestone reflects the collective dedication of our team and the trust our clients place in us. Since our founding in 2010, we have remained steadfast in our mission—delivering fiduciary, fee‑only wealth management and financial planning to individuals 50+ preparing for and living in retirement.
Our operations span Richmond, Reston, and Williamsburg, Virginia, underscoring our deep roots across the region.
What This Achievement Means
Recognition for growth. Earning a spot on the Inc. 5000 highlights our trajectory as a private company and reflects strong business development over the past three years. The 133% revenue growth was measured over a three-year period from 2021 to 2024 and is based on company-submitted data verified by Inc. Magazine.*
A shared success. This recognition celebrates our team and the clients who place their trust in us.
Our approach—fee‑only and fiduciary—helps us focus on client alignment and personalized financial planning. With a targeted 60-to-1 client-advisor ratio, we aim to provide a more individualized experience
How We Got Here
Focused advice. We focus on retirement income planning, investment and tax-efficient strategies, and tax planning. Clients benefit from our disciplined, evidence-based methodology and our unwavering fiduciary standard.
Service geography and footprint. Our offices in Richmond, Williamsburg, and Reston enable us to serve Virginians across the spectrum—and increasingly, clients nationwide—through a fully integrated, virtual-friendly model.
Consistent recognition. This isn’t our first nod from the industry. In recent months, we’ve earned multiple honors:
(See below for full disclosures)
Looking Ahead
Being named among America’s fastest-growing private companies is both humbling and motivating. We’re more committed than ever to:
Innovating our client experience
Expanding educational outreach and value-add services
Maintaining the personal, relationship-driven ethos that defines us
To our clients, partners, and team—thank you. This recognition reflects your trust and partnership.
We’re energized to build even more meaningful financial futures together.
Would you like to see if you're a fit for our services? Click here to learn more.
About the author:
CEO and Senior Financial Advisor
Mark is the CEO of Covenant Wealth Advisors and a Senior Financial Advisor helping individuals age 50+ plan, invest, and enjoy retirement comfortably. Forbes nominated Mark as a Best-In-State Wealth Advisor* and he has been featured in the New York Times, Barron's, Forbes, and Kiplinger Magazine.
Disclosures: Covenant Wealth Advisors is a registered investment advisor with offices in Richmond, Reston, and Williamsburg, VA. Registration of an investment advisor does not imply a certain level of skill or training. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views and opinions expressed in this content are as of the date of the posting, are subject to change based on market and other conditions. This content contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this content should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. 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. This article was written and edited by a CERTIFIED FINANCIAL PLANNER™ professional with the assistance of AI. No advice may be rendered by Covenant Wealth Advisors unless a client service agreement is in place. Hypothetical examples are fictitious and are only used to illustrate a specific point of view. Diversification does not guarantee against risk of loss. While this guide attempts to be as comprehensive as possible but no article can cover all aspects of retirement planning. Be sure to consult an advisor for comprehensive advice.
*Awards and Recognition
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.
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 was nominated for the Forbes Best-In-State Wealth Advisor 2025 ranking for Virginia in April of 2025. Forbes Best-In-State Wealth Advisor full ranking disclosure. Read more about Forbes ranking and methodology here.
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. No compensation was paid for this ranking. See USA state ranking here. See USA Today methodology here. See USA Today for more information.
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.
Expertise.com voted Covenant Wealth Advisors as one of the best financial advisors in Williamsburg, VA and best financial advisors in Richmond, VA for 2025 last updated as of this disclosure on February 12th, 2025 based on their proprietary selection process.
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.
CWA did not compensate any of the entities above for the awards or nominations. These award nominations were granted by organizations that are not CWA clients. However, CWA has compensated Newsweek/Plant-A Insights Group, Forbes/Shook Research, and USA Today/Statista for licensing and advertising of the nomination and compensated Expertise.com to advertise on their platform.
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.
