Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors (Williamsburg)

Name: Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors
Address: 351 Mclaws Circle, Williamsburg, VA, 23185
Telephone: 757 259-0111

Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors is a large advisory firm based in Williamsburg. It manages $162.89 million of regulatory assets for 135 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Texas, and Virginia.

Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors: assets under management

The assets under management (AUM) of Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors is $162.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and $108.34 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $162.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each.

Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors has custody of $2.39 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Gary Topping serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Gary Topping is high net worth individuals with 49 clients and $117.28 million of assets under management. Among the 8 most similar advisory firms, Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.89 million for 135 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors doesn't advise any private funds.

Careers at Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Gary Topping	President/chief compliance officer	1 Aug 2002	75% - 100%	1109749

Based in Williamsburg

The principal office where Covenant Wealth Management, Ltd Dba Covenant Wealth Advisors performs its advisory services is located at 351 Mclaws Circle, Williamsburg, VA 23185 The mailing address of the firm is 1765 Greensboro Station Place, Mclean, VA 22102. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 757 259-0111 or by fax 757 259-9022. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at covenantwealthadvisors.com/new/covenantwealthadvisor/.