Petra Wealth Management fees and pricing

Financial planner in Fredericksburg, Virginia. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated March 27, 2026, Petra Wealth Management charges $250 an hour for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 27, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate: $250/hr; “Financial planning is billed at an hourly rate of $250.”

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

“Fees are billed monthly in arrears based on the amount of assets managed as of the last business day of the month.”
“The annual fee is negotiable and may be reduced for combined household accounts.”
“Monthly advisory fees may also be paid by Electronic Funds Transfer (EFT) or check.”

Its hourly rate of $250 is below the Virginia median of $260. 30% of the 203 other Virginia planners that publish an hourly rate charge less.
1 of the 2 other planners in Fredericksburg that publish an hourly rate charge less.

Principal: David Thompson
Solo practice: one person runs the firm, so you work directly with the planner.
Registered as an adviser: 2024 (2 years).

How the firm is paid: Hourly fees, percentage of assets under management
Charges a % of assets: Yes
Highest asset based fee in brochure: 1.75% a year
Clients: 21
Employees: 1
Works with: Individuals and high net worth individuals
Services reported to regulators: Financial planning and portfolio management for individuals and small businesses
Assets managed: $7,642,453
Registered with: State securities regulators
Disciplinary disclosures: None reported
SEC CRD number: 332830
Website: petrawealthmanagement.com (opens in new tab)
Phone: (804) 223-2298

Is something on this page wrong or out of date?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.