Covenant Wealth Advisors Named to Financial Advisor Magazine’s 2026 Top 50 Fastest-Growing RIAs
Updated: 1 day ago
Richmond-based fiduciary firm ranks No. 48 nationally and is the only Virginia firm on the list
RICHMOND, Va., November 04, 2026. Covenant Wealth Advisors, a fiduciary wealth management firm serving retirees and pre-retirees, has been ranked No. 48 on Financial Advisor magazine’s Top 50 Fastest-Growing Firms list. The list is part of the magazine’s 2026 RIA Survey & Ranking.
The list ranks independent registered investment advisers with more than $500 million in assets under management by how much their assets grew from year-end 2024 to year-end 2025. According to the survey, Covenant’s assets under management grew 39.30% over that period, to $909.64 million as of December 31, 2025. Covenant was the only Virginia-based firm on the list.
“In spite of our growth, our focus has always been on delivering personalized advice to individuals aged 50 plus who want a trusted advisor to help guide them through retirement. We that by designing, implementing, and managing a personalized plan that that fully integrates retirement income planning, tax planning, and investment management.” said Mark Fonville, CFP®, CEO of Covenant Wealth Advisors.
“Our growth comes from doing that work well. And every family that joins us raises the bar for how we serve the families who are already here.”
Over the past year, Covenant has added to its advisory team. Two of its associate advisors also earned the CFP® certification, which brings the firm to ten CFP® professionals as of November 1st, 2026.
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What the Ranking Measures
Financial Advisor magazine’s growth ranking measures the change in a firm’s assets under management. That number reflects assets from new and existing clients plus market movement. It is not a measure of investment performance or client returns.
About Covenant Wealth Advisors
Founded in 2010, Covenant Wealth Advisors is an independent, fee-only fiduciary registered investment adviser with offices in Richmond, Reston and Williamsburg, Virginia. The firm provides integrated retirement income planning, tax planning and investment management, primarily to individuals and families aged 50 to 70 with $1 million or more in investable assets, in more than 20 states. Learn more at covenantwealthadvisors.com.
Would you like to work with Covenant? Every new relationship starts with a free strategy session.
Important Disclosures
Financial Advisor magazine published its 2026 Top 50 Fastest-Growing Firms list in July 2026. The ranking is based on each firm’s percentage change in assets under management from December 31, 2024, to December 31, 2025, using data that firms reported themselves when they voluntarily completed the magazine’s survey. To be eligible, a firm had to be an independent registered investment adviser filing its own Form ADV with more than $500 million in assets under management. Financial Advisor magazine states that it reviews Form ADV filings to verify reported assets. The survey was sponsored by SEI and Wealth.com. Covenant Wealth Advisors paid no fee to take part in the survey and did not pay anyone, directly or indirectly, to obtain or use this ranking. Asset growth reflects new client assets and market changes, and is not a measure of investment performance. Rankings and recognitions do not indicate future performance or growth, do not represent any one client’s experience, and should not be read as an endorsement of Covenant Wealth Advisors by any client. Fonville Wealth Management, LLC, doing business as Covenant Wealth Advisors, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training.
