# Independent RIAs in Virginia

As of October 2, 2026, 640 independent wealth management RIAs based in Virginia reported $159.8 billion in regulatory assets under management; the largest by assets was Cary Street Partners, with $10.3 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/virginia/

## Facts

- state: Virginia
- code: VA
- population: Independent wealth management RIAs: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 280413, firms: 640, median_raum: 60230686.5, raum: 159798798993, advisory_employees: 1794, avg_account: 569869.438981074, band_100m_250m: 78, band_100m_250m_raum: 11785633323, band_10b_plus: 1, band_10b_plus_raum: 10252264301, band_1b_5b: 28, band_1b_5b_raum: 53178271336, band_250m_500m: 64, band_250m_500m_raum: 23001726741, band_500m_1b: 34, band_500m_1b_raum: 24292618639, band_5b_10b: 4, band_5b_10b_raum: 26905028576, band_lt100m: 331, band_lt100m_raum: 10383256077, bd_affiliated_share: 0.015625, cfp_professionals: 697, clients: 120259, custody_share: 0.225, employees: 4680, fee_aum_pct_share: 0.8828125, fee_commissions_share: 0.0171875, fee_fixed_share: 0.659375, fee_hourly_share: 0.575, fee_other_share: 0.1015625, fee_performance_share: 0.05625, fee_subscription_share: 0.0140625, financial_planning_share: 0.8171875, firms_with_raum: 540, iars: 1841, mean_raum: 295923701.838889, new_firms: 72, p25_raum: 16330044.25, p75_raum: 229377125.5, p90_raum: 629674172.200001, raum_discretionary: 148138147187, top100_share: 0.803074424180256, top10_share: 0.359729114775876, independent_sec: accounts: 247699, firms: 215, median_raum: 347111374, raum: 148695471061, advisory_employees: 1249, avg_account: 600307.110892656, band_100m_250m: 69, band_100m_250m_raum: 10841281003, band_10b_plus: 1, band_10b_plus_raum: 10252264301, band_1b_5b: 28, band_1b_5b_raum: 53178271336, band_250m_500m: 64, band_250m_500m_raum: 23001726741, band_500m_1b: 34, band_500m_1b_raum: 24292618639, band_5b_10b: 4, band_5b_10b_raum: 26905028576, band_lt100m: 8, band_lt100m_raum: 224280465, bd_affiliated_share: 0.0372093023255814, cfp_professionals: 525, clients: 92917, custody_share: 0.530232558139535, employees: 4051, fee_aum_pct_share: 0.948837209302326, fee_commissions_share: 0.027906976744186, fee_fixed_share: 0.725581395348837, fee_hourly_share: 0.558139534883721, fee_other_share: 0.102325581395349, fee_performance_share: 0.0418604651162791, fee_subscription_share: 0.00465116279069767, financial_planning_share: 0.911627906976744, firms_with_raum: 208, iars: 1279, mean_raum: 714882072.408654, new_firms: 29, p25_raum: 166320397.25, p75_raum: 677757630.25, p90_raum: 1391707400.2, raum_discretionary: 138301658364, raum_growth_1y: 0.186603715585795, successions: 1, top100_share: 0.863041272005887, top10_share: 0.386590661395585, state: accounts: 32714, firms: 425, median_raum: 24337195.5, raum: 11103327932, advisory_employees: 545, avg_account: 339406.001467262, band_100m_250m: 9, band_100m_250m_raum: 944352320, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 323, band_lt100m_raum: 10158975612, bd_affiliated_share: 0.00470588235294118, cfp_professionals: 172, clients: 27342, custody_share: 0.0705882352941176, employees: 629, fee_aum_pct_share: 0.849411764705882, fee_commissions_share: 0.0117647058823529, fee_fixed_share: 0.625882352941176, fee_hourly_share: 0.583529411764706, fee_other_share: 0.101176470588235, fee_performance_share: 0.0635294117647059, fee_subscription_share: 0.0188235294117647, financial_planning_share: 0.769411764705882, firms_with_raum: 332, iars: 562, mean_raum: 33443758.8313253, new_firms: 43, p25_raum: 7490530.25, p75_raum: 55677033.25, p90_raum: 80486136.6, raum_discretionary: 9836488823, top100_share: 0.658708007166153, top10_share: 0.0939515327646544
- broker_dealer_affiliated_not_included: firms: 19, raum: 44852670242
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 141; as_of: 2019-10-01, value: 153; as_of: 2020-10-01, value: 158; as_of: 2021-10-04, value: 168; as_of: 2022-10-03, value: 172; as_of: 2023-10-05, value: 163; as_of: 2024-10-01, value: 171; as_of: 2025-09-02, value: 187; as_of: 2026-10-02, value: 215, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 68341763346; as_of: 2019-10-01, value: 71886791048; as_of: 2020-10-01, value: 95798243659; as_of: 2021-10-04, value: 97175628577; as_of: 2022-10-03, value: 108794967455; as_of: 2023-10-05, value: 94567606835; as_of: 2024-10-01, value: 104755537032; as_of: 2025-09-02, value: 125311819867; as_of: 2026-10-02, value: 148695471061, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 131139; as_of: 2019-10-01, value: 158126; as_of: 2020-10-01, value: 167004; as_of: 2021-10-04, value: 175418; as_of: 2022-10-03, value: 188223; as_of: 2023-10-05, value: 189562; as_of: 2024-10-01, value: 191988; as_of: 2025-09-02, value: 216941; as_of: 2026-10-02, value: 247699, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 242669722.5; as_of: 2019-10-01, value: 238001293; as_of: 2020-10-01, value: 282359832; as_of: 2021-10-04, value: 273488480; as_of: 2022-10-03, value: 297681010; as_of: 2023-10-05, value: 279818017.5; as_of: 2024-10-01, value: 304339243; as_of: 2025-09-02, value: 313916045; as_of: 2026-10-02, value: 347111374
- top_10: largest: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 10252264301; rank: 2, crd: 106375, firm: Brown Advisory, city: Norfolk, value: 7570327667; rank: 3, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 7138784240; rank: 4, crd: 124205, firm: Andersen, city: McLean, value: 6348792000; rank: 5, crd: 340506, firm: Evanson Financial, LLC DBA Evanson Asset Management, city: McLean, value: 5847124669; rank: 6, crd: 137484, firm: Heritage Wealth Advisors, city: Richmond, value: 4858545649; rank: 7, crd: 314424, firm: The Ascent Group, LLC, city: Virginia Beach, value: 4760597948; rank: 8, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 3928651410; rank: 9, crd: 106945, firm: The Burney Company, city: Reston, value: 3588662390; rank: 10, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 3190530230, fastest-growing: rank: 1, crd: 173453, firm: Legacy Wealth Management Inc., city: Manassas, value: 0.770187651795003; rank: 2, crd: 310633, firm: Abich Financial Wealth Management, LLC, city: Ashburn, value: 0.733997740390754; rank: 3, crd: 315692, firm: The Lewis Financial Group, city: Ashburn, value: 0.536581119961549; rank: 4, crd: 328429, firm: Decisionmap Wealth Management, LLC, city: Great Falls, value: 0.498497674199175; rank: 5, crd: 173559, firm: Brown Edwards Wealth Strategies, city: Lynchburg, value: 0.481684338579894; rank: 6, crd: 326545, firm: Cobblestone Asset Management, city: Richmond, value: 0.431584525964163; rank: 7, crd: 159882, firm: Monument Wealth Management, city: Alexandria, value: 0.39417299453488; rank: 8, crd: 155221, firm: Covenant Wealth Advisors, city: Richmond, value: 0.393004737477681; rank: 9, crd: 305896, firm: Buttonwood Wealth, city: Winchester, value: 0.385668708916151; rank: 10, crd: 284839, firm: Colonial River Wealth Management LLC, city: Midlothian, value: 0.366437601016454, fastest-growing-3-year: rank: 1, crd: 310633, firm: Abich Financial Wealth Management, LLC, city: Ashburn, value: 0.578936567196771; rank: 2, crd: 155221, firm: Covenant Wealth Advisors, city: Richmond, value: 0.495913458575003; rank: 3, crd: 173453, firm: Legacy Wealth Management Inc., city: Manassas, value: 0.442480467064097; rank: 4, crd: 283428, firm: Martin Wealth Solutions, city: Christiansburg, value: 0.417723694054133; rank: 5, crd: 320832, firm: Dover Advisors, LLC, city: Richmond, value: 0.343101661185512; rank: 6, crd: 112038, firm: Integrated Financial Solutions, Inc., city: Reston, value: 0.329622385372123; rank: 7, crd: 175502, firm: The Main Street Group, city: Glen Allen, value: 0.319848395104283; rank: 8, crd: 319125, firm: 3CHOPT Investment Partners LLC, city: Richmond, value: 0.300023414428361; rank: 9, crd: 283257, firm: Capitol Private Wealth Group LLC, city: Vienna, value: 0.299740984594856; rank: 10, crd: 133986, firm: United Wealth Management, LLC, city: Charlottesville, value: 0.281699229872122, fastest-growing-5-year: rank: 1, crd: 155221, firm: Covenant Wealth Advisors, city: Richmond, value: 0.317633834739102; rank: 2, crd: 313386, firm: Reframe Wealth, LLC, city: Fairfax, value: 0.300835889012499; rank: 3, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 0.257947074571107; rank: 4, crd: 173453, firm: Legacy Wealth Management Inc., city: Manassas, value: 0.228632873839333; rank: 5, crd: 282355, firm: Olio Financial Planning, city: McLean, value: 0.22247230473744; rank: 6, crd: 283257, firm: Capitol Private Wealth Group LLC, city: Vienna, value: 0.213890011647593; rank: 7, crd: 118643, firm: Concord Wealth Partners, city: Abingdon, value: 0.203410819537746; rank: 8, crd: 175502, firm: The Main Street Group, city: Glen Allen, value: 0.200461755243339; rank: 9, crd: 133986, firm: United Wealth Management, LLC, city: Charlottesville, value: 0.197661361586483; rank: 10, crd: 124205, firm: Andersen, city: McLean, value: 0.196191507418852, biggest-asset-gains: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 1988372565; rank: 2, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 1244022702; rank: 3, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 1155985771; rank: 4, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 897771275; rank: 5, crd: 336362, firm: Juno Financial Group LLC, city: Richmond, value: 541908916; rank: 6, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 510603319; rank: 7, crd: 336791, firm: Z3 Capital Partners, city: Richmond, value: 466781953; rank: 8, crd: 106945, firm: The Burney Company, city: Reston, value: 451677956; rank: 9, crd: 151478, firm: Glassman Wealth Services, LLC, city: Vienna, value: 362544449; rank: 10, crd: 132513, firm: Wealthcrossing, city: Richmond, value: 334464363, most-clients: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 6988; rank: 2, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 5691; rank: 3, crd: 314424, firm: The Ascent Group, LLC, city: Virginia Beach, value: 4298; rank: 4, crd: 154886, firm: Haas Investment Management LLC, city: Newport News, value: 4000; rank: 5, crd: 106945, firm: The Burney Company, city: Reston, value: 3862; rank: 6, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 3267; rank: 7, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 2953; rank: 8, crd: 116763, firm: Acorn Financial Advisory Services, Inc., city: Reston, value: 2623; rank: 9, crd: 333892, firm: Brass Capital, city: Leesburg, value: 2093; rank: 10, crd: 284839, firm: Colonial River Wealth Management LLC, city: Midlothian, value: 1798, client-growth: rank: 1, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 1.10327635327635; rank: 2, crd: 106945, firm: The Burney Company, city: Reston, value: 0.998964803312629; rank: 3, crd: 327176, firm: Apforia, city: Virginia Beach, value: 0.741258741258741; rank: 4, crd: 284839, firm: Colonial River Wealth Management LLC, city: Midlothian, value: 0.738878143133462; rank: 5, crd: 315692, firm: The Lewis Financial Group, city: Ashburn, value: 0.462882096069869; rank: 6, crd: 283428, firm: Martin Wealth Solutions, city: Christiansburg, value: 0.431309904153355; rank: 7, crd: 326545, firm: Cobblestone Asset Management, city: Richmond, value: 0.398058252427185; rank: 8, crd: 173453, firm: Legacy Wealth Management Inc., city: Manassas, value: 0.378986866791745; rank: 9, crd: 132580, firm: Omega Wealth Management LLC, city: Arlington, value: 0.359375; rank: 10, crd: 309793, firm: Glover Park Wealth Management, LLC, city: Arlington, value: 0.347517730496454, most-accounts: rank: 1, crd: 111291, firm: Azzad Asset Management, Inc., city: Falls Church, value: 18098; rank: 2, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 16731; rank: 3, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 13598; rank: 4, crd: 314424, firm: The Ascent Group, LLC, city: Virginia Beach, value: 8449; rank: 5, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 6635; rank: 6, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 5205; rank: 7, crd: 116763, firm: Acorn Financial Advisory Services, Inc., city: Reston, value: 4566; rank: 8, crd: 106945, firm: The Burney Company, city: Reston, value: 4528; rank: 9, crd: 340506, firm: Evanson Financial, LLC DBA Evanson Asset Management, city: McLean, value: 4304; rank: 10, crd: 281678, firm: Kfa Private Wealth Group, LLC, city: Tyson, value: 3279, most-advisory-staff: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 85; rank: 2, crd: 124205, firm: Andersen, city: McLean, value: 50; rank: 3, crd: 106945, firm: The Burney Company, city: Reston, value: 42; rank: 4, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 35; rank: 5, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 32; rank: 6, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 29; rank: 7, crd: 314424, firm: The Ascent Group, LLC, city: Virginia Beach, value: 19; rank: 8, crd: 137484, firm: Heritage Wealth Advisors, city: Richmond, value: 18; rank: 8, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 18; rank: 10, crd: 108067, firm: McLean Asset Management Corp., city: Tysons, value: 17, most-hnw-clients: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 2175; rank: 2, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 2017; rank: 3, crd: 111119, firm: Wealthcare Capital Management LLC, city: Richmond, value: 1312; rank: 4, crd: 106945, firm: The Burney Company, city: Reston, value: 904; rank: 5, crd: 314424, firm: The Ascent Group, LLC, city: Virginia Beach, value: 874; rank: 6, crd: 340506, firm: Evanson Financial, LLC DBA Evanson Asset Management, city: McLean, value: 847; rank: 7, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 806; rank: 8, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 722; rank: 9, crd: 300273, firm: Heartwood Wealth Advisors, LLC, city: Richmond, value: 566; rank: 10, crd: 116763, firm: Acorn Financial Advisory Services, Inc., city: Reston, value: 551, most-cfp-professionals: rank: 1, crd: 128545, firm: Cary Street Partners, city: Richmond, value: 33; rank: 2, crd: 283886, firm: Bogart Wealth, LLC, city: McLean, value: 22; rank: 3, crd: 317672, firm: Cassaday & Company, Inc., city: McLean, value: 20; rank: 4, crd: 321969, firm: Range Advisory, LLC, city: McLean, value: 19; rank: 5, crd: 151478, firm: Glassman Wealth Services, LLC, city: Vienna, value: 12; rank: 6, crd: 124205, firm: Andersen, city: McLean, value: 11; rank: 6, crd: 143234, firm: Yeske Buie Inc., city: Vienna, value: 11; rank: 6, crd: 149230, firm: Evermay Wealth Management, LLC, city: Arlington, value: 11; rank: 9, crd: 107750, firm: CJM Wealth Advisers, Ltd., city: Falls Church, value: 10; rank: 9, crd: 108067, firm: McLean Asset Management Corp., city: Tysons, value: 10, newest: rank: 1, crd: 340506, firm: Evanson Financial, LLC DBA Evanson Asset Management, city: McLean, value: 5847124669; rank: 2, crd: 337753, firm: ACTIV8 Family Office LLC, city: McLean, value: 1542366700; rank: 3, crd: 338986, firm: Bellars Harris Wealth Management, city: Virginia Beach, value: 505382390; rank: 4, crd: 338410, firm: Steelhead Wealth Management, city: Glen Allen, value: 341895056; rank: 5, crd: 156685, firm: Mwa Investments, LLC, city: White Stone, value: 250409031; rank: 6, crd: 125254, firm: Rechter Wealth Management, LLC, city: Clifton, value: 133503749; rank: 7, crd: 283813, firm: Patina Wealth, city: Crozet, value: 129171869; rank: 8, crd: 312192, firm: Fitzwilliams Wealth Management Inc., city: Chesapeake, value: 123549687; rank: 9, crd: 145127, firm: Pegasus Financial Group LLC, city: Chantilly, value: 122320436; rank: 10, crd: 167813, firm: Gira & Gira Investment Advisors LLC, city: Harrisonburg, value: 121432303
- cities: name: Richmond, independent_rias: 67, raum: 40587852325, url: https://advisoriq.com/ria/states/virginia/richmond/; name: McLean, independent_rias: 32, raum: 31240722913, url: https://advisoriq.com/ria/states/virginia/mclean/; name: Virginia Beach, independent_rias: 34, raum: 9832874629, url: https://advisoriq.com/ria/states/virginia/virginia-beach/; name: Reston, independent_rias: 27, raum: 8957324129, url: https://advisoriq.com/ria/states/virginia/reston/; name: Norfolk, independent_rias: 15, raum: 8748840510, url: https://advisoriq.com/ria/states/virginia/norfolk/; name: Vienna, independent_rias: 22, raum: 7099530068, url: https://advisoriq.com/ria/states/virginia/vienna/; name: Charlottesville, independent_rias: 29, raum: 5611072468, url: https://advisoriq.com/ria/states/virginia/charlottesville/; name: Arlington, independent_rias: 39, raum: 3498509368, url: https://advisoriq.com/ria/states/virginia/arlington/; name: Leesburg, independent_rias: 16, raum: 3467232770, url: https://advisoriq.com/ria/states/virginia/leesburg/; name: Falls Church, independent_rias: 9, raum: 3335494262, url: https://advisoriq.com/ria/states/virginia/falls-church/; name: Alexandria, independent_rias: 33, raum: 3056901049, url: https://advisoriq.com/ria/states/virginia/alexandria/; name: Glen Allen, independent_rias: 19, raum: 2726386950, url: https://advisoriq.com/ria/states/virginia/glen-allen/; name: Fairfax, independent_rias: 20, raum: 2581180491, url: https://advisoriq.com/ria/states/virginia/fairfax/; name: Ashburn, independent_rias: 14, raum: 1700720530, url: https://advisoriq.com/ria/states/virginia/ashburn/; name: Roanoke, independent_rias: 21, raum: 1694347232, url: https://advisoriq.com/ria/states/virginia/roanoke/; name: Lynchburg, independent_rias: 13, raum: 1532367073, url: https://advisoriq.com/ria/states/virginia/lynchburg/; name: Midlothian, independent_rias: 14, raum: 1413092097, url: https://advisoriq.com/ria/states/virginia/midlothian/; name: Henrico, independent_rias: 13, raum: 1125049619, url: https://advisoriq.com/ria/states/virginia/henrico/; name: Herndon, independent_rias: 8, raum: 1095636919, url: https://advisoriq.com/ria/states/virginia/herndon/; name: Williamsburg, independent_rias: 13, raum: 1041836810, url: https://advisoriq.com/ria/states/virginia/williamsburg/; name: Great Falls, independent_rias: 5, raum: 702043325, url: https://advisoriq.com/ria/states/virginia/great-falls/; name: Chesapeake, independent_rias: 9, raum: 618077632, url: https://advisoriq.com/ria/states/virginia/chesapeake/; name: Winchester, independent_rias: 5, raum: 594390567, url: https://advisoriq.com/ria/states/virginia/winchester/; name: Newport News, independent_rias: 6, raum: 576492383, url: https://advisoriq.com/ria/states/virginia/newport-news/; name: Manassas, independent_rias: 6, raum: 520354660, url: https://advisoriq.com/ria/states/virginia/manassas/; name: Chantilly, independent_rias: 6, raum: 366410436, url: https://advisoriq.com/ria/states/virginia/chantilly/; name: Oakton, independent_rias: 5, raum: 253062473, url: https://advisoriq.com/ria/states/virginia/oakton/; name: Fredericksburg, independent_rias: 5, raum: 47228278, url: https://advisoriq.com/ria/states/virginia/fredericksburg/
- iar_ce_status: not adopted

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Virginia](https://advisoriq.com/ria/rankings/largest/virginia/)
- [Fastest-growing independent RIAs over one year in Virginia](https://advisoriq.com/ria/rankings/fastest-growing/virginia/)
- [Fastest-growing independent RIAs over three years in Virginia](https://advisoriq.com/ria/rankings/fastest-growing-3-year/virginia/)
- [Fastest-growing independent RIAs over five years in Virginia](https://advisoriq.com/ria/rankings/fastest-growing-5-year/virginia/)
- [IAR CE in Virginia](https://advisoriq.com/ce/iar/virginia/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/virginia/

License: https://advisoriq.com/license/