Wealthcare Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1,000 clients last fiscal year.
Wealthcare Capital Management reports 5,691 clients. They include 4,326 individual clients, 1,312 high-net-worth individuals, and 28 pension and profit-sharing plans. Of its assets, 99.1% ($3.89B across 13,477 accounts) are managed with discretion; $36.9M across 121 accounts are not. A wrap fee program the firm both sponsors and manages holds $562M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 30% |
| High-net-worth individuals | 23% | 65% |
| Pension and profit-sharing plans | <1% | 4% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 4,326 | $1.19B | 30.4% | $276K |
| High-net-worth individuals | 1,312 | $2.54B | 64.6% | $1.93M |
| Pension and profit-sharing plans | 28 | $148M | 3.8% | $5.27M |
| Charitable organizations | 14 | $19.1M | 0.5% | $1.36M |
| Corporations and other businesses | 11 | $30.2M | 0.8% | $2.74M |
| Total | 5,691 | $3.93B | 100% | $690K |
- Clients
- 4,326
- Regulatory AUM
- $1.19B
- AUM share
- 30.4%
- Avg. per client
- $276K
- Clients
- 1,312
- Regulatory AUM
- $2.54B
- AUM share
- 64.6%
- Avg. per client
- $1.93M
- Clients
- 28
- Regulatory AUM
- $148M
- AUM share
- 3.8%
- Avg. per client
- $5.27M
- Clients
- 14
- Regulatory AUM
- $19.1M
- AUM share
- 0.5%
- Avg. per client
- $1.36M
- Clients
- 11
- Regulatory AUM
- $30.2M
- AUM share
- 0.8%
- Avg. per client
- $2.74M
Total
- Clients
- 5,691
- Regulatory AUM
- $3.93B
- AUM share
- 100%
- Avg. per client
- $690K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1000
Wealthcare Capital Management charges up to 1.85% a year for its Wealth Management/Investment Management Services. The fee is billed in advance, is negotiable and has a $500 annual minimum. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Project financial planning is billed hourly at $150 to $400 or as a fixed fee; ongoing planning fees range up to $15,000.
- Retirement Plan Advisory Services
- Retirement plan advisory services carry an annual asset-based fee of up to 0.65%, which may be negotiable.
Wealthcare Parent Holdings LLC owns 75% or more of Wealthcare Capital Management and is in turn owned by Wealthcare Partners LLC (75% or more). The leadership team of Wealthcare Capital Management includes President Matthew Regan, Chief Investment Officer Ronald Madey and Chief Financial Officer Justin DuBrueler. It has 54 employees, 35 of them in advisory roles.
Leadership
Matthew ReganPresident
Justin DuBruelerChief Financial Officer
James KrauseChief Compliance Officer
Ronald MadeyChief Investment Officer
Investment adviser representatives
32 representatives listed in the SEC register as of 9 October 2026.
- Steven Allen Bergeron
- Bryan George Brown
- Scarlott Leigh Cagle
- Gordon Elliott Caldwell
- Philip Jefferson Carter
- William Hartwell Cox
- Scott Thomas Davison
- Diane Lynn Dixon
- Joseph Anthony Gairo
- Christopher Harrison Hessenflow
- Brian Leland Hyde
- Bradley Noel Joubert
- Kenneth David Kideckel
- Steven Kif Ladd
- Ashleigh N. Lemaster
- Kevin Laurence London
- Ronald Eliot Madey
- James D Mirenda JR
- Nicholas Alan Mitchell
- Samuel Robert Moore
- Kimberly Noelle Nichols
- Christopher Noel Philipoom
- Audrey Sanders
- John Joseph Schlichting
- Kirk Stoldt
- Henry Benjamin Supinski III
- Richard Chamblee Van Zandt
- Brandy Nelson Weiberg
- Robert Payne Wilson
- Edward Garrett Wirwille
- Di Wu
- Mowry Wayne Young II
Staff
- 54 employees
- 35 in advisory functions
- 35 state-registered reps
- 1 broker-dealer rep
- 5 insurance agents
- 3 soliciting firms
- Owns 75% or more of Wealthcare Capital Management LLC
Wealthcare Parent Holdings LLC
Control person · since January 2022
- Owns 75% or more of Wealthcare Parent Holdings LLC
Wealthcare Partners LLC
Control person · since September 2022
- Owns 75% or more of Wealthcare Partners LLC
Wealthcare LLC
Control person · since March 2018
- Owns 75% or more of Wealthcare LLC
Wealthcare Parent Inc.
Control person · since July 2025
- Owns 75% or more of Wealthcare Capital Management LLC
Sammons Financial Group, Inc.
Control person · since March 2026
- Owns 75% or more of Sammons Financial Group, Inc.
Consolidated Investment Services, Inc.
Control person · since March 2026
- Owns 75% or more of Consolidated Investment Services, Inc.
Sammons Corporation
Control person · since March 2026
- Owns 75% or more of Sammons Corporation
Sammons Enterprises, Inc.
Control person · since March 2026
Wealthcare Capital Management’s regulatory assets grew 1.7× from $2.31B (April 2021) to $3.93B (May 2026); clients rose from 3,958 to 5,691 and employees were 54 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $3.93B | 5,691 | 54 | 24 |
| July 2025 | $3.03B | 5,066 | 53 | 22 |
| June 2024 | $2.58B | 4,611 | 53 | 19 |
| April 2023 | $2.6B | 5,064 | 59 | 19 |
| January 2022 | $2.92B | 4,585 | 61 | 19 |
| April 2021 | $2.31B | 3,958 | 55 | 23 |
Besides its headquarters, Wealthcare Capital Management has 23 offices (15 private residences, listed without an address), with 9 listed addresses across 8 states.
Texas · 2 listed addresses
- 13355 Noel RD, Dallas
- 2525 Charlie Bird Pkwy, Farmers Branch
Idaho · 1 listed address
- 14841 N Highway 41, Rathdrum
Illinois · 1 listed address
- 2500 W Higgins Road, Hoffman Estates
Michigan · 1 listed address
- 625 Kenmoor Ave Se, Grand Rapids
Ohio · 1 listed address
- 4030 Boardman-Canfield Road, Canfield
Pennsylvania · 1 listed address
- 1065 Andrew Drive, West Chester
South Carolina · 1 listed address
- 1171 Market Street, Fort Mill
Virginia · 1 listed address
- 2 James Center, 1021 East Cary Street, #702, RichmondHQ
Other business names
Wealthcare Capital Management has reported 7 other business names to the SEC.
- Audrey Sanders Wealth Advisory of Harlem
- Beacon Wealth Advisors
- MK-Wealth
- Van Zandt Financial
- Wealthcare Private Client, LLC
- Wealthcare for Women
- Young Financial Group
Contact and registration details
- Legal name
- Wealthcare Capital Management LLC
- Headquarters
- 2 James Center, 1021 East Cary Street, #702, Richmond, VA 23219
- Website
- Not reported
- Phone
- 804-644-4711
- SEC file
- 801-60183
- Structure
- Delaware LLC
- Fiscal year end
- December
Wealthcare Capital Management uses LPL Financial ($1.7B, 50%) and Charles Schwab ($1.67B, 50%) as custodians for its separately managed accounts. Wealthcare Capital Management has custody of $1.08B in client assets for 1,881 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.67B50%
- LPL FinancialLPL Financial LLC · Boston, MA · $1.7B50%
At year end, Wealthcare Capital Management’s separately managed accounts were mostly in funds (86%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.05B across 105 positions; the largest are Vanguard Index Fds (36.4%), iShares TR (16.5%) and iShares TR (9.1%).
What the accounts hold
- Stocks7%
- Funds86%
- Registered funds85%
- Pooled vehicles1%
- Cash4%
- Other3%
- Commodities and structured notes3%
Reported 13F holdings
- $1.05B
- Reported 13F value
- 105
- Positions
- 85.5%
- In the 10 largest
- +5.4%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt36.4%
- iShares TR · 7-10 YR Trsy BD16.5%
- iShares TR · 0-5 YR Tips ETF9.1%
- EA Series Trust · Alpha Architect8.9%
- Vanguard Intl Equity Index F · Allwrld EX US7.4%
- Sprott Asset Management LP · Physical Silver1.8%
- Rbb FD Inc. · US Treasr 10 YR1.5%
- Sprott Asset Management LP · Physical Gold TR1.3%
- iShares TR · Core S&P Ttl Stk1.3%
- Vanguard Charlotte Fds · Total Int BD ETF1.2%
Together, the ten largest are 85.5% of reported value.
How many clients does Wealthcare Capital Management have?
Wealthcare Capital Management has 5,691 clients and manages $3.93 billion for them, as of May 2026. They include 4,326 individual clients, 1,312 high-net-worth individuals, and 28 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026
What services does Wealthcare Capital Management offer?
Wealthcare Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wealthcare Capital Management charge?
Wealthcare Capital Management charges up to 1.85% a year for its Wealth Management/Investment Management Services. The fee is billed in advance, is negotiable and has a $500 annual minimum.
Which custodians does Wealthcare Capital Management use?
Wealthcare Capital Management’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $1.7B and Charles Schwab & Co., Inc. (San Francisco, CA), with $1.67B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 May 2026
How many financial advisors does Wealthcare Capital Management have?
Wealthcare Capital Management has 35 investment adviser representatives registered with state securities authorities, out of 54 employees, and 35 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 5 employees are 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 Wealthcare Capital Management invest in?
At the end of its last fiscal year, Wealthcare Capital Management’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 4% cash and equivalents, 3% other and 1% pooled vehicles (private funds and similar). The 3% other category is described as: Commodities and Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealthcare Capital Management?
Wealthcare Capital Management is owned through a chain of holding companies by Wealthcare Parent Inc. and Sammons Enterprises, Inc. Its direct owners are Wealthcare Parent Holdings LLC (75% or more) and Sammons Financial Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 May 2026
How does Wealthcare Capital Management get paid?
Wealthcare Capital Management 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
Is Wealthcare Capital Management registered with the SEC?
Yes, Wealthcare Capital Management has been registered with the SEC as an investment adviser since 19 April 2001. Its CRD number is 111119 and its SEC file number is 801-60183.
Source: Form ADV Part 1A, Item 1, filed 21 May 2026; IAPD firm record
How do I contact Wealthcare Capital Management?
Wealthcare Capital Management’s main office is at 2 James Center, 1021 East Cary Street, #702, Richmond, VA 23219. Its phone number is 804-644-4711.