Pricing Calculator
Monthly Price: $550
Annual Total: $6600
+ Initial Planning Fee
Finding a trusted financial advisor in Richmond, VA can be a game-changer for your financial future. Whether you’re planning for retirement, optimizing your investments, or looking for tax-saving strategies, working with a knowledgeable fee-only fiduciary financial planner ensures you receive unbiased, expert advice tailored to your goals.
To help you make an informed decision, we’ve curated a list of the five best financial advisors in Richmond, VA for 2025. These professionals have been selected based on their expertise, client-focused service, and fiduciary commitment, meaning they always act in your best interest.
Before diving into our recommendations, it’s important to understand what sets exceptional financial advisors apart:
Alvin Carlos, CFP®, CFA, is the founder and managing partner of District Capital Management. He has been helping professionals take control of their finances since 2011.
“Noble Hill Planning is a flat fee-only wealth management firm located in Richmond, Virginia. Unlike the vast majority of financial advisors, our fees do not depend on the value of your investment portfolio. Instead, we provide best-in-class investment, retirement, and tax strategies for a sensible flat fee.”
Matthew Jenkins, CFA, CFP® , has over 17 years experience in the financial industry. His goal is to help clients reduce the stress of dealing with financial concerns in retirement.
Michael T. Powers, CPA, PFS, CFP®, is the founder of Manuka Financial and a highly experienced financial advisor dedicated to helping individuals and families achieve financial security.
| Advisory Firm | Year 1 Minimum | Year 1 Maximum | Fee-Only Structure |
|---|---|---|---|
| Genuine Wealth Solutions | $3,000 | $12,000 | Fixed Fees |
| Hussmen Financial | $3,400 | $8,000 | Hourly Fixed Fees AUM |
| District Capital Management | $6,000 | $14,400 | Fixed Fees AUM |
| Nobel Hill Planning | $8,400 | $9.600 | Hourly Fixed Fees AUM |
| Manuka Financial | $5,950 | $70,000 | Fixed Fees |
District Capital provides independent, high-quality financial advice to professionals and entrepreneurs in their 30s & 40s. We are a team of skilled and compassionate financial planners who are passionate about giving you top-notch financial advice. We want to help you maximize your money and achieve your life goals.
As fiduciary financial planners, we are legally and ethically obligated to always act in your best interest. We do not earn commissions or have hidden fees—just transparent, high-quality financial advice tailored to your goals.
Our experienced team specializes in:
Our core values include:
Research consistently shows that working with a qualified financial advisor can significantly improve your financial outcomes. The right advisor doesn’t just manage investments—they help you make better financial decisions, avoid costly mistakes, optimize your tax situation, and create a comprehensive plan aligned with your goals.
For Richmond residents, a financial advisor in the DMV area brings additional value through their understanding of Virginia-specific tax considerations, regional economic factors, and local investment opportunities.
Choosing a financial advisor in Richmond is an important decision. We have compiled a list of 10 important questions for a potential financial advisor. We recommend booking a call with a couple of financial advisors to determine which is right for you and your family.
In addition to Richmond, we work with clients in:
Through virtual financial planning services, we make expert financial advice accessible and convenient no matter where you are in Virginia.
Take The Next Step Toward Financial Confidence with District Capital
If you’re looking for a trusted, fee-only financial advisor in Richmond, VA, we’d love to help. Schedule a complimentary discovery call with one of our experienced financial advisors today. It’s time to elevate your finances and work towards your financial goals!
Individuals
$6,000 – $9,600
($500 to $800/month)*
$900 Initial Planning Fee
One-time, charged when you become a client
Couples
$6,000 – $14,400
($500 to $1,200/month)*
$1,500 Initial Planning Fee
One-time, charged when you become a client
*Exact price will be determined based on complexity, assets and income.
+ Initial Planning Fee
*Rental property, beneficiary IRA, income abroad, annuity, concentrated stock, student loan forgiveness, or major life change
The above fee calculator is for informational purposes only and is provided to give an estimate of actual fees. Actual fees paid may vary significantly depending on the nature and complexity of the engagement with the Advisor. Fee calculator outputs are general in nature based upon information input by users and should not be relied upon as investment advice or a guarantee of any actual outcomes.
We offer pro-bono financial planning for DC, MD, & VA individuals who earn less than $70,000 per year and have less than $70,000 in total assets.
When evaluating advisors in Richmond, prioritize fee-only and fiduciary status, professional credentials (like CFP® or CFA®), and experience serving clients with needs similar to yours. Asking about their investment philosophy and fee structure can also help you assess whether they’re the right fit.
The cost depends on the advisor’s structure. In Richmond, fee-only advisors may charge a flat annual fee, hourly rate, or a percentage of assets under management (AUM). Annual costs can range from $3,000 to over $15,000 depending on complexity. Always request a written breakdown of fees before hiring.
Not always. Some Richmond-based advisors set minimum asset requirements, but others—like District Capital Management—serve professionals and families regardless of current wealth. The key is finding an advisor who aligns with your financial goals and stage of life.
Yes. Advisors familiar with Virginia’s tax rules can provide tailored strategies, such as maximizing state-specific deductions, managing retirement withdrawals tax-efficiently, and leveraging Virginia 529 college savings plans. This local expertise can add meaningful value to your financial plan.
Schedule an introductory meeting and ask questions about their planning process, fiduciary status, and experience with clients like you. Many fee-only firms, including District Capital, offer complimentary discovery calls so prospective clients can evaluate fit before committing.
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