Hermitage Wealth fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 31, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$200⁠-⁠$2,000/hr

“AND CONSULTING SERVICES (STAND-ALONE) HW’s financial planning and consulting fees are negotiable but can range from $1,000 to $20,000 on a fixed fee basis depending upon the scope and complexity of the services or range from $200 to $2,000 per hour if engaged on an hourly rate basis.”

Flat or project fee

$1,000⁠-⁠$20,000

From the same sentence as above.

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Hermitage Wealth bills

Payment and refund terms, quoted from the fee section of the brochure.

• “The fee for the first fee period of the client’s engagement will be prorated from the inception date to the end of the first fee period.”
• “Fees for investment management services will generally be assessed on a monthly or quarterly basis, in arrears or advance, as set forth in the client agreement.”
• “Asset-based fees are prorated and payable quarterly, in arrears or advance.”

How Hermitage Wealth’s fees compare

• Its hourly rate of $200-$2,000 spans the Virginia median of $260. 100% of the 203 other Virginia planners that publish an hourly rate charge less.
• 15 of the 15 other planners in Richmond that publish an hourly rate charge less.
• Its flat or project fee of $1,000-$20,000 spans the Virginia median of $4,250. 84% of the 168 other Virginia planners that publish a flat or project fee charge less.
• 13 of the 15 other planners in Richmond that publish a flat or project fee charge less.

About Hermitage Wealth

• Firm size: 14 employees.
• Registered as an adviser: 2025.

Planning areas mentioned in the brochure

• Estate 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

197

Employees

14

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other advisers

Assets managed

$37,535,475

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

333235

Website

facebook.com/hermitagewealth (opens in new tab)

Phone

(804) 270-7877

Can advise clients in 12 states: California, Colorado, District of Columbia, Florida, Maryland, North Carolina, New Hampshire, South Carolina, Tennessee, Texas, Virginia, West 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
• Covenant Wealth AdvisorsRichmond$300/hr, $2,000⁠-⁠$30,000
• EvoadvisorsRichmond$10,000/yr

Compare all 42 planners in Richmond