Preston Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, market timing, educational seminars, education planning, insurance, and tax planning. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 2 private funds.
Preston Wealth Advisors reports 394 clients. They include 237 individual clients, 83 other clients and 64 high-net-worth individuals. Of its assets, 100.0% ($286M across 886 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 24% |
| High-net-worth individuals | 16% | 61% |
| Pooled investment vehicles | <1% | 11% |
| Pension and profit-sharing plans | 2% | 4% |
| Charitable organizations | Fewer than 5 | <1% |
| Other client typesOther | 21% | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 237 | $67.7M | 23.7% | $286K |
| High-net-worth individuals | 64 | $175M | 61.3% | $2.74M |
| Pooled investment vehicles | 2 | $30.1M | 10.5% | $15M |
| Pension and profit-sharing plans | 8 | $12.2M | 4.3% | $1.52M |
| Charitable organizations | Fewer than 5 | $625K | 0.2% | — |
| Other | 83 | $0 | 0.0% | $0 |
| Total | 394 | $286M | 100% | — |
- Clients
- 237
- Regulatory AUM
- $67.7M
- AUM share
- 23.7%
- Avg. per client
- $286K
- Clients
- 64
- Regulatory AUM
- $175M
- AUM share
- 61.3%
- Avg. per client
- $2.74M
- Clients
- 2
- Regulatory AUM
- $30.1M
- AUM share
- 10.5%
- Avg. per client
- $15M
- Clients
- 8
- Regulatory AUM
- $12.2M
- AUM share
- 4.3%
- Avg. per client
- $1.52M
- Clients
- Fewer than 5
- Regulatory AUM
- $625K
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 83
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 394
- Regulatory AUM
- $286M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 101–250
Preston Wealth Advisors charges 1.00%–1.60% a year for its Private Clients. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- 1031 Like-Kind Exchange Advisory
- PWA charges a 1.00% fee for its management of 1031 Like-Kind Exchanges.
- Financial Planning and Consulting
- Financial planning and consulting are billed hourly at a proposed rate for clients other than Private Clients, generally with a $500 minimum fee; Private Clients pay no separate planning fee.
Theodore Doremus owns 50% to 75% of Preston Wealth Advisors. It has 5 employees, 4 of them in advisory roles.
Leadership
- Theodore DoremusCEO, CCO, Managing Member
- Gregory MattinglyCFO, Managing Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Rena Amal Jabbour Abdalla
- Luke Addington
- Peter Marshall Baker
- Theodore James Doremus
- Gregory Dean Mattingly
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Preston Wealth Advisors, LLC.
Theodore Doremus
Control person · since October 2012
- Owns 25% to 50% of Preston Wealth Advisors, LLC.
Gregory Mattingly
Control person · since January 2013
Preston Wealth Advisors’ regulatory assets grew from $210M (May 2021) to $286M (March 2026); clients rose from 312 to 394 and employees fell from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $286M | 394 | 5 | 1 |
| March 2025 | $261M | 380 | 6 | 1 |
| April 2024 | $215M | 285 | 6 | 1 |
| May 2023 | $193M | 311 | 7 | 1 |
| April 2022 | $231M | 232 | 6 | 1 |
| May 2021 | $210M | 312 | 6 | 1 |
Besides its headquarters, Preston Wealth Advisors has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 1886 Metro Center Drive, Suite 620, RestonHQ
Contact and registration details
- Legal name
- Preston Wealth Advisors, LLC.
- Headquarters
- 1886 Metro Center Drive, Suite 620, Reston, VA 20190
- Website
- prestonwealthadvisors.com
- Phone
- 703-757-0419
- @prestonwealthadvisors
- SEC file
- 801-81195
- Founded
- 2012
- Structure
- Delaware LLC
- Fiscal year end
- December
Preston Wealth Advisors uses Charles Schwab ($223M) as custodian for its separately managed accounts. Preston Wealth Advisors has custody of $2.7K in client assets for 1 client.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $223M100%
At year end, Preston Wealth Advisors’ separately managed accounts were mostly in stocks (61%) and funds (36%).
What the accounts hold
- Stocks61%
- Funds36%
- Registered funds33%
- Pooled vehicles3%
- Cash3%
How many clients does Preston Wealth Advisors have?
Preston Wealth Advisors has 394 clients and manages $286 million for them, as of March 2026. They include 237 individual clients, 83 other clients and 64 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Preston Wealth Advisors offer?
Preston Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, market timing, educational seminars, education planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Preston Wealth Advisors charge?
Preston Wealth Advisors charges 1.00%–1.60% a year for its Private Clients. The fee is billed in advance and is negotiable.
Source: PRESTON WEALTH ADVISORS FORM ADV BROCHURE, filed 24 March 2026
Which custodians does Preston Wealth Advisors use?
Preston Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $223M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Preston Wealth Advisors have?
Preston Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Preston Wealth Advisors invest in?
At the end of its last fiscal year, Preston Wealth Advisors’ separately managed accounts held 61% exchange-traded equities, 33% registered funds (mutual funds, ETFs, BDCs), 3% pooled vehicles (private funds and similar) and 3% cash and equivalents. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Preston Wealth Advisors?
Preston Wealth Advisors’ direct owners are Theodore Doremus (50% to 75%) and Gregory Mattingly (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Preston Wealth Advisors get paid?
Preston Wealth Advisors is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Preston Wealth Advisors registered with the SEC?
Yes, Preston Wealth Advisors has been registered with the SEC as an investment adviser since 13 April 2015. Its CRD number is 165983 and its SEC file number is 801-81195.
Source: Form ADV Part 1A, Item 1, filed 24 March 2026; IAPD firm record
How do I contact Preston Wealth Advisors?
Preston Wealth Advisors’ main office is at 1886 Metro Center Drive, Suite 620, Reston, VA 20190. Its phone number is 703-757-0419. Its website is prestonwealthadvisors.com.