{"url":"https://nivawealth.com/firms/preston-wealth-advisors-165983","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/165983","regulatoryAum":285980470,"crd":"165983","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4680182","suffix":null,"lastName":"ABDALLA","firstName":"RENA","middleName":"AMAL JABBOUR"},{"crd":"8007648","suffix":null,"lastName":"Addington","firstName":"Luke","middleName":null},{"crd":"5078132","suffix":null,"lastName":"BAKER","firstName":"PETER","middleName":"MARSHALL"},{"crd":"4269424","suffix":null,"lastName":"DOREMUS","firstName":"THEODORE","middleName":"JAMES"},{"crd":"4907986","suffix":null,"lastName":"MATTINGLY","firstName":"GREGORY","middleName":"DEAN"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-03","regulatoryAum":209647267,"clients":312,"employees":6,"offices":1},{"filedOn":"2022-04-01","regulatoryAum":231130354,"clients":232,"employees":6,"offices":1},{"filedOn":"2023-05-01","regulatoryAum":192704945,"clients":311,"employees":7,"offices":1},{"filedOn":"2024-04-03","regulatoryAum":214569272,"clients":285,"employees":6,"offices":1},{"filedOn":"2025-03-19","regulatoryAum":261265126,"clients":380,"employees":6,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":285980470,"clients":394,"employees":5,"offices":1}],"secFileNumber":"801-81195","legalName":"Preston Wealth Advisors, LLC.","displayName":"Preston Wealth Advisors","slug":"preston-wealth-advisors-165983","website":"https://prestonwealthadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/165983/9832c7f17478e242-r1.webp","tone":"dark","width":277,"height":200,"sourceUrl":"https://www.prestonwealthadvisors.com/","sourceLabel":"Preston Wealth Advisors, Llc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/prestonwealthadvisors","founded":"2012","organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1886 Metro Center Drive, Suite 620","city":"Reston","state":"VA","stateName":"Virginia","country":"United States","postalCode":"20190"},"tradeNames":[],"registration":{"secApproved":"13 April 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":807700.950166113,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":285980470,"discretionary":285980470,"discretionaryAccounts":886,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":237,"regulatoryAum":67736416},{"label":"High-net-worth individuals","clients":64,"regulatoryAum":175381570},{"label":"Pooled investment vehicles","clients":2,"regulatoryAum":30055692},{"label":"Pension and profit-sharing plans","clients":8,"regulatoryAum":12181839},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":624953},{"label":"Other","clients":83,"regulatoryAum":0}],"feePrograms":[{"role":"main","program":"Private Clients","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025129","versionId":1025129,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-24","documentName":"PRESTON WEALTH ADVISORS FORM ADV BROCHURE","fee_rate_low":1,"fee_rate_high":1.6,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"1031 Like-Kind Exchange Advisory","summary":"PWA charges a 1.00% fee for its management of 1031 Like-Kind Exchanges.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025129","versionId":1025129,"submittedOn":"2026-03-24","documentName":"PRESTON WEALTH ADVISORS FORM ADV BROCHURE"},{"role":"other","program":"Financial Planning and Consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025129","versionId":1025129,"submittedOn":"2026-03-24","documentName":"PRESTON WEALTH ADVISORS FORM ADV BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:47:23.129418+00:00","documents":[{"name":"PRESTON WEALTH ADVISORS FORM ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025129","versionId":1025129,"submittedOn":"2026-03-24"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":222691506}],"custodyNote":"Preston Wealth Advisors has custody of $2.7K in client assets for 1 client.","leadership":[{"name":"Theodore Doremus","title":"CEO, CCO, Managing Member","crd":"4269424"},{"name":"Gregory Mattingly","title":"CFO, Managing Member","crd":"4907986"}],"ownership":[{"label":"Theodore Doremus","detail":"Ceo, cco, managing member in the 50% to 75% ownership band and a control person, since October 2012."},{"label":"Gregory Mattingly","detail":"Cfo, managing member in the 25% to 50% ownership band and a control person, since January 2013."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Virginia","offices":1,"addresses":[{"street":"1886 Metro Center Drive, Suite 620","city":"Reston","headquarters":true}]}],"brochureServices":["education planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"703-757-0419","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Pension consulting services","Market timing services","Educational seminars/workshops"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":61},{"label":"Securities issued by registered investment companies or business development companies","percent":33},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":2},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/165983/PDF/165983.pdf","brochureDate":"24 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025129","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Preston Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Preston Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Preston Wealth Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Preston Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Preston Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Preston Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Preston Wealth Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Preston Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Preston Wealth Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Preston Wealth Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}