# Independent RIAs in West Virginia

As of October 2, 2026, 31 independent wealth management RIAs based in West Virginia reported $6.4 billion in regulatory assets under management; the largest by assets was McKinley Carter Wealth Services, Inc., with $2.3 billion.

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

## Facts

- state: West Virginia
- code: WV
- 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: 15257, firms: 31, median_raum: 29478529, raum: 6356991089, advisory_employees: 98, avg_account: 416660.620633152, band_100m_250m: 3, band_100m_250m_raum: 692669506, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 2, band_1b_5b_raum: 3465484167, band_250m_500m: 1, band_250m_500m_raum: 278481087, band_500m_1b: 2, band_500m_1b_raum: 1586295735, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 18, band_lt100m_raum: 334060594, bd_affiliated_share: 0, cfp_professionals: 31, clients: 7154, custody_share: 0.161290322580645, employees: 129, fee_aum_pct_share: 0.967741935483871, fee_commissions_share: 0.0645161290322581, fee_fixed_share: 0.67741935483871, fee_hourly_share: 0.580645161290323, fee_other_share: 0, fee_performance_share: 0.032258064516129, fee_subscription_share: 0, financial_planning_share: 0.935483870967742, firms_with_raum: 26, iars: 105, mean_raum: 244499657.269231, new_firms: 4, p25_raum: 1686576.75, p75_raum: 227339375.75, p90_raum: 793147867.5, raum_discretionary: 5946580395, top10_share: 0.969093331223954, independent_sec: accounts: 13663, firms: 8, median_raum: 435015448, raum: 6022930495, advisory_employees: 71, avg_account: 440820.500256166, band_100m_250m: 3, band_100m_250m_raum: 692669506, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 2, band_1b_5b_raum: 3465484167, band_250m_500m: 1, band_250m_500m_raum: 278481087, band_500m_1b: 2, band_500m_1b_raum: 1586295735, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 0, band_lt100m_raum: 0, bd_affiliated_share: 0, cfp_professionals: 28, clients: 5969, custody_share: 0.5, employees: 100, fee_aum_pct_share: 1, fee_commissions_share: 0, fee_fixed_share: 1, fee_hourly_share: 0.75, fee_other_share: 0, fee_performance_share: 0, fee_subscription_share: 0, financial_planning_share: 1, firms_with_raum: 8, iars: 73, mean_raum: 752866311.875, new_firms: 1, p25_raum: 245463471, p75_raum: 1035859469.25, p90_raum: 1503325289.7, raum_discretionary: 5657205582, raum_growth_1y: -0.0151602357929952, successions: 0, state: accounts: 1594, firms: 23, median_raum: 7967852.5, raum: 334060594, advisory_employees: 27, avg_account: 209573.772898369, band_100m_250m: 0, band_100m_250m_raum: 0, 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: 18, band_lt100m_raum: 334060594, bd_affiliated_share: 0, cfp_professionals: 3, clients: 1185, custody_share: 0.0434782608695652, employees: 29, fee_aum_pct_share: 0.956521739130435, fee_commissions_share: 0.0869565217391304, fee_fixed_share: 0.565217391304348, fee_hourly_share: 0.521739130434783, fee_other_share: 0, fee_performance_share: 0.0434782608695652, fee_subscription_share: 0, financial_planning_share: 0.91304347826087, firms_with_raum: 18, iars: 32, mean_raum: 18558921.8888889, new_firms: 3, p25_raum: 822590.5, p75_raum: 30771722.5, p90_raum: 51796188.4, raum_discretionary: 289374813, top10_share: 0.978012435073381
- broker_dealer_affiliated_not_included: firms: 2, raum: 1760807653
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 6; as_of: 2019-10-01, value: 5; as_of: 2020-10-01, value: 5; as_of: 2021-10-04, value: 5; as_of: 2022-10-03, value: 6; as_of: 2023-10-05, value: 7; as_of: 2024-10-01, value: 7; as_of: 2025-09-02, value: 8; as_of: 2026-10-02, value: 8, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 2833292806; as_of: 2019-10-01, value: 2334939922; as_of: 2020-10-01, value: 2810295315; as_of: 2021-10-04, value: 3474117173; as_of: 2022-10-03, value: 4285594354; as_of: 2023-10-05, value: 4460478621; as_of: 2024-10-01, value: 5204561476; as_of: 2025-09-02, value: 6115645117; as_of: 2026-10-02, value: 6022930495, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 6371; as_of: 2019-10-01, value: 4722; as_of: 2020-10-01, value: 5966; as_of: 2021-10-04, value: 8083; as_of: 2022-10-03, value: 9550; as_of: 2023-10-05, value: 13885; as_of: 2024-10-01, value: 12376; as_of: 2025-09-02, value: 15827; as_of: 2026-10-02, value: 13663, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 423433581; as_of: 2019-10-01, value: 469310614; as_of: 2020-10-01, value: 570858333; as_of: 2021-10-04, value: 633338459; as_of: 2022-10-03, value: 504820528; as_of: 2023-10-05, value: 533201538; as_of: 2024-10-01, value: 649546505; as_of: 2025-09-02, value: 631273280; as_of: 2026-10-02, value: 435015448
- top_10: largest: rank: 1, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 2306284068; rank: 2, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 1159200099; rank: 3, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 994745926; rank: 4, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 591549809; rank: 5, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 278481087; rank: 6, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 249574253; rank: 7, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 233131125; rank: 8, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 209964128; rank: 9, crd: 161784, firm: Anthony Investment Management, LLC, city: Wheeling, value: 73501929; rank: 10, crd: 299876, firm: Rohr Capital Management, city: Parkersburg, value: 64085247, fastest-growing: rank: 1, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 0.625449033466746; rank: 2, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 0.283896029440113; rank: 3, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 0.203417569070947; rank: 4, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 0.203265456019238; rank: 5, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 0.158872719035868; rank: 6, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 0.0953501794085947; rank: 7, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: -0.0893681349188541, fastest-growing-3-year: rank: 1, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 0.244520225439749; rank: 2, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 0.231044045729487; rank: 3, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 0.195605058683123; rank: 4, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 0.126705057205486; rank: 5, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 0.0711199580460091; rank: 6, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 0.0658059157288111, fastest-growing-5-year: rank: 1, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 0.123743533919182; rank: 2, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 0.0861102209558475; rank: 3, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 0.0491140350692607; rank: 4, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 0.0364022194812814, biggest-asset-gains: rank: 1, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 219958947; rank: 2, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 195821575; rank: 3, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 99991580; rank: 4, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 80791128; rank: 5, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 38177659; rank: 6, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 20294053, most-clients: rank: 1, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 2272; rank: 2, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 1290; rank: 3, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 476; rank: 4, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 469; rank: 5, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 414; rank: 6, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 395; rank: 7, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 377; rank: 8, crd: 299876, firm: Rohr Capital Management, city: Parkersburg, value: 366; rank: 9, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 276; rank: 10, crd: 310990, firm: Blackbear Capital, LLC, city: Ripley, value: 178, client-growth: rank: 1, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 0.494584837545126; rank: 2, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 0.0833333333333333; rank: 3, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 0.0675675675675675; rank: 4, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 0.0616822429906543; rank: 5, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 0.0507726269315674; rank: 6, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: -0.0071942446043165; rank: 7, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: -0.310529128808124, most-accounts: rank: 1, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 5003; rank: 2, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 3994; rank: 3, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 1377; rank: 4, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 1013; rank: 5, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 676; rank: 6, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 655; rank: 7, crd: 299876, firm: Rohr Capital Management, city: Parkersburg, value: 511; rank: 8, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 476; rank: 9, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 469; rank: 10, crd: 161784, firm: Anthony Investment Management, LLC, city: Wheeling, value: 224, most-advisory-staff: rank: 1, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 27; rank: 2, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 15; rank: 3, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 13; rank: 4, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 5; rank: 5, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 4; rank: 6, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 3; rank: 6, crd: 321101, firm: Freedom Financial Advisors, LLC, city: South Charleston, value: 3; rank: 8, crd: 163219, firm: 4 Seasons Advisors, city: Princeton, value: 2; rank: 8, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 2; rank: 8, crd: 299876, firm: Rohr Capital Management, city: Parkersburg, value: 2, most-hnw-clients: rank: 1, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 659; rank: 2, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 226; rank: 3, crd: 334674, firm: Huffman & Ross Wealth Management LLC, city: Morgantown, value: 204; rank: 4, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 172; rank: 5, crd: 111062, firm: NTV Asset Management, LLC, city: Charleston, value: 97; rank: 6, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 86; rank: 7, crd: 128699, firm: Ironwood Wealth Management, Inc., city: Hurricane, value: 79; rank: 8, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 25; rank: 9, crd: 331580, firm: Blackwater Financial, city: Fairmont, value: 23; rank: 10, crd: 161784, firm: Anthony Investment Management, LLC, city: Wheeling, value: 18, most-cfp-professionals: rank: 1, crd: 135184, firm: McKinley Carter Wealth Services, Inc., city: Wheeling, value: 12; rank: 2, crd: 324930, firm: Commonwealth Financial Services, city: Vienna, value: 7; rank: 3, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 4; rank: 4, crd: 319087, firm: Hoxton Planning & Management, LLC, city: Shepherdstown, value: 3; rank: 5, crd: 168695, firm: Fort Henry Capital, LLC, city: Wheeling, value: 2; rank: 6, crd: 300473, firm: Mission: Advice, city: Shepherdstown, value: 1; rank: 6, crd: 310925, firm: Retirement Planning Consultants Inc, city: South Charleston, value: 1; rank: 6, crd: 331580, firm: Blackwater Financial, city: Fairmont, value: 1, newest: rank: 1, crd: 340089, firm: Vandalia Wealth, city: Charleston, value: 249574253; rank: 2, crd: 325480, firm: Jondaknows Financial Group, Inc., city: Huntinton, value: 1300000; rank: 3, crd: 342713, firm: Legacy Financial, city: Moorefield, value: 0; rank: 3, crd: 344499, firm: Felton Wealth, LLC, city: Wheeling, value: 0
- cities: name: Wheeling, independent_rias: 5, raum: 2658267084, url: https://advisoriq.com/ria/states/west-virginia/wheeling/
- 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 West Virginia](https://advisoriq.com/ria/rankings/largest/west-virginia/)
- [Fastest-growing independent RIAs over one year in West Virginia](https://advisoriq.com/ria/rankings/fastest-growing/west-virginia/)
- [Fastest-growing independent RIAs over three years in West Virginia](https://advisoriq.com/ria/rankings/fastest-growing-3-year/west-virginia/)
- [Fastest-growing independent RIAs over five years in West Virginia](https://advisoriq.com/ria/rankings/fastest-growing-5-year/west-virginia/)
- [IAR CE in West Virginia](https://advisoriq.com/ce/iar/west-virginia/)

## Cite as

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

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