Virginia Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, divorce planning, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Virginia Wealth Management Group reports 117 clients. They include 75 individual clients and 42 high-net-worth individuals. Of its assets, 65.6% ($258M across 337 accounts) are managed with discretion; $136M across 62 accounts are not. A wrap fee program the firm both sponsors and manages holds $374M. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 8% |
| High-net-worth individuals | 36% | 92% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
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) | 75 | $31.6M | 8.0% | $421K |
| High-net-worth individuals | 42 | $362M | 91.9% | $8.61M |
| Charitable organizations | Fewer than 5 | $192K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $248K | 0.1% | — |
| Total | 117 | $394M | 100% | — |
- Clients
- 75
- Regulatory AUM
- $31.6M
- AUM share
- 8.0%
- Avg. per client
- $421K
- Clients
- 42
- Regulatory AUM
- $362M
- AUM share
- 91.9%
- Avg. per client
- $8.61M
- Clients
- Fewer than 5
- Regulatory AUM
- $192K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $248K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 117
- Regulatory AUM
- $394M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Virginia Wealth Management Group charges up to 1.00% a year for its Investment and Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting Services
- Financial planning and consulting are billed in advance on an hourly, fixed or asset-based basis; hourly fees generally range up to $500 per hour, and annual fees generally do not exceed $20,000.
Scott Saal owns 50% to 75% of Virginia Wealth Management Group. The leadership team of Virginia Wealth Management Group includes President Stephen Saal and Chief Compliance Officer Scott Saal. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Virginia Wealth Management Group, Inc.
Scott Saal
Control person · since October 2020
- Owns 50% to 75% of Virginia Wealth Management Group, Inc.
Stephen Saal
Control person · since October 2020
Virginia Wealth Management Group’s regulatory assets grew 2.0× from $200M (March 2021) to $394M (September 2026); clients rose from 91 to 117 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $394M | 117 | 4 | 1 |
| Mar 2025March 2025 | $349M | 114 | 4 | 1 |
| Mar 2024March 2024 | $300M | 111 | 4 | 1 |
| Mar 2023March 2023 | $274M | 102 | 4 | 1 |
| Mar 2022March 2022 | $255M | 89 | 4 | 1 |
| Mar 2021March 2021 | $200M | 91 | 3 | 1 |
Besides its headquarters, Virginia Wealth Management Group has 0 offices, with 1 listed address in 1 state.
Virginia · 1 listed address
- 4460 Corporation Lane, Suite 180, Virginia BeachHQ
Contact and registration details
- Legal name
- Virginia Wealth Management Group, Inc.
- Headquarters
- 4460 Corporation Lane, Suite 180, Virginia Beach, VA 23462
- Website
- vwmg.net
- Phone
- 757-963-1823
- SEC file
- 801-119854
- Structure
- Virginia corporation
- Fiscal year end
- December
Virginia Wealth Management Group’s named custodian for separately managed accounts is Wells Fargo Clearing Services ($394M). Virginia Wealth Management Group does not have custody of client assets.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $394M100%
At year end, Virginia Wealth Management Group’s separately managed accounts were mostly in stocks (58%) and funds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $201M across 57 positions; the largest are Berkshire Hathaway Inc. Del (4.5%), Cisco Sys Inc. (4.0%) and JPMORGAN Chase & CO (3.7%).
What the accounts hold
- Stocks58%
- Funds24%
- Bonds16%
- Cash2%
How many clients does Virginia Wealth Management Group have?
Virginia Wealth Management Group has 117 clients and manages $394 million for them, as of September 2026. They include 75 individual clients and 42 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026
What services does Virginia Wealth Management Group offer?
Virginia Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, divorce planning, education planning, estate planning, insurance, philanthropic planning, 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 Virginia Wealth Management Group charge?
Virginia Wealth Management Group charges up to 1.00% a year for its Investment and Wealth Management Services. The fee is billed in advance and is negotiable.
Source: VIRGINIA WEALTH MANAGEMENT GROUP FORM ADV PART 2A BROCHURE, filed 6 February 2026
Which custodians does Virginia Wealth Management Group use?
Virginia Wealth Management Group’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $394M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026
How many financial advisors does Virginia Wealth Management Group have?
Virginia Wealth Management Group has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Virginia Wealth Management Group invest in?
At the end of its last fiscal year, Virginia Wealth Management Group’s separately managed accounts held 58% exchange-traded equities, 24% registered funds (mutual funds, ETFs, BDCs), 16% U.S. government and agency bonds and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Virginia Wealth Management Group?
Virginia Wealth Management Group’s direct owners are Scott Saal (50% to 75%) and Stephen Saal (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 9 September 2026
How does Virginia Wealth Management Group get paid?
Virginia Wealth Management Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Virginia Wealth Management Group?
Virginia Wealth Management Group’s main office is at 4460 Corporation Lane, Suite 180, Virginia Beach, VA 23462. Its phone number is 757-963-1823. Its website is vwmg.net.