Covenant Wealth Advisors fees and pricing
Financial planner in Richmond, Virginia. Registered with the SEC.
According to its Form ADV Part 2A brochure dated February 4, 2026, Covenant Wealth Advisors charges $300 an hour and a flat or project fee of $2,000-$30,000 for financial planning.
Published fees
Quoted from the firm's Form ADV Part 2A brochure, filed February 4, 2026. Fees can change, so confirm with the firm before you hire them.
- Hourly rate
- $300/hr
“CWA’s financial planning and consulting fees are negotiable but are generally $300 per hour.”
- Flat or project fee
- $2,000-$30,000
“Fixed fees can range from $2,000 to $30,000.”
Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)
How Covenant Wealth Advisors bills
Payment and refund terms, quoted from the fee section of the brochure.
- “Fees are generally negotiable and are paid as described below, directly by the client.”
- “Focus bills CWA directly for such services and does not bill clients directly.”
- “If a client terminates his or her contract within 180 business days of signing the financial planning contract, fees that are charged in advance will be fully refunded.”
How Covenant Wealth Advisors’ fees compare
- Its hourly rate of $300 is above the Virginia median of $260. 53% of the 203 other Virginia planners that publish an hourly rate charge less.
- 6 of the 15 other planners in Richmond that publish an hourly rate charge less.
- Its flat or project fee of $2,000-$30,000 spans the Virginia median of $4,250. 92% of the 168 other Virginia planners that publish a flat or project fee charge less.
- 14 of the 15 other planners in Richmond that publish a flat or project fee charge less.
About Covenant Wealth Advisors
- Firm size: 12 employees.
- Registered as an adviser: 2019 (7 years).
Planning areas mentioned in the brochure
- Retirement planning
Firm details from Form ADV
- How the firm is paid
- Hourly fees, fixed or flat fees, percentage of assets under management
- Charges a % of assets
- Yes
- Highest asset based fee in brochure
- 1.5% a year
- Clients
- 522
- Employees
- 12
- Works with
- Individuals, high net worth individuals, and pension and profit sharing plans
- Services reported to regulators
- Financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other advisers
- Assets managed
- $909,643,877
- Registered with
- U.S. Securities and Exchange Commission
- Disciplinary disclosures
- None reported
- SEC CRD number
- 155221
- Phone
- (804) 729-5265
Can advise clients in 17 states: Arizona, California, District of Columbia, Florida, Georgia, Louisiana, Massachusetts, Maryland, North Carolina, Nebraska, New Hampshire, New York, Pennsylvania, South Carolina, Tennessee, Texas, Virginia
Other planners in Richmond that publish fees
- Alexis AdvisorsRichmond$150-$350/hr
- Ark Financial Strategies LLCRichmond$2,000-$10,000
- Beale Healy Investment Advisors IncRichmond$100-$225/hr
- Bonwell Capital Management, LLCRichmond$250/hr, $250-$50,000
- EvoadvisorsRichmond$10,000/yr
- Firstfruits Wealth ManagementRichmond$500-$5,000
Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.