Top 10 financial advisor firms in Richmond

33 SEC-registered financial advisor firms are headquartered in Richmond, VA, with $44.6B in combined regulatory assets under management. The largest by assets are Cary Street Partners Investment Advisory ($10.3B), Lowe, Brockenbrough & Company ($5.49B) and Heritage Wealth Advisors ($4.86B).

33
Financial advisor firms: $44.6B
Their combined AUM: $542M
Median firm AUM: 16,818
Clients of the top 10

The 10 largest by assets

1
Cary Street Partners Investment Advisory
RIA
$10.3B
Regulatory AUM
2
Lowe, Brockenbrough & Company
RIA
$5.49B
0.20% to 0.90%
3
Heritage Wealth Advisors
RIA
$4.86B
0.50% to 1.00% a year
4
Wealthcare Capital Management
RIA
$3.93B
Up to 1.85% a year
5
Kanawha Capital Management
RIA
$1.84B
0.50% to 1.00% a year
6
Godsey & Gibb
RIA
$1.56B
0.50% to 1.00% a year
7
Heartwood Wealth Advisors
RIA
$1.55B
Up to 1.50% a year
8
SBK Financial
RIA
$1.54B
0.25% to 1.00% a year
9
Salomon and Ludwin
RIA
$1.34B
0.05% to 0.85% a year
10
Canal Capital Management
RIA
$1.28B
0.70% to 1.50% a year

Profiles of the top 10

No. 1 · RIA

Cary Street Partners Investment Advisory

Cary Street Partners Investment Advisory is an investment adviser based in Richmond, VA, registered with the SEC since 2005. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $10.3 billion, as filed on 30 March 2026.

Regulatory AUM: $10.3B
Clients: 6,988
Advisory staff: 85
Custodians: Wells Fargo Clearing Services, Charles Schwab
Headquarters: 901 East Byrd Street, Suite 1001, Richmond, VA 23219
Phone: 804-340-8100
Website: carystreetpartners.com

No. 2 · RIA

Lowe, Brockenbrough & Company

Lowe, Brockenbrough & Company is an investment adviser based in Richmond, VA, registered with the SEC since 1970. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles and charitable organizations. Its regulatory assets under management total $5.49 billion, as filed on 13 May 2026.

Lowe, Brockenbrough & Company charges 0.20%–0.90% for its Private Wealth and Institutional Management. The brochure does not state whether the rate is annual.

Regulatory AUM: $5.49B
Clients: 568
Advisory staff: 15
Fee schedule: 0.20% to 0.90%
Custodians: Charles Schwab
Headquarters: 920 Libbie Ave., Suite 201, Richmond, VA 23226-2050
Phone: 804-288-0404
Website: brockenbroughinc.com

No. 3 · RIA

Heritage Wealth Advisors

Heritage Wealth Advisors is an investment adviser based in Richmond, VA, registered with the SEC since 2005. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $4.86 billion, as filed on 30 July 2026.

Heritage Wealth Advisors charges 0.50%–1.00% a year for its Investment Advisory Service.

Regulatory AUM: $4.86B
Clients: 451
Advisory staff: 18
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 919 East Main Street, Suite 950, Richmond, VA 23219
Phone: 804-643-4080
Website: heritagewealth.net

No. 4 · RIA

Wealthcare Capital Management

Wealthcare Capital Management is an investment adviser based in Richmond, VA, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $3.93 billion, as filed on 21 May 2026.

Wealthcare Capital Management charges up to 1.85% a year for its Wealth Management/Investment Management Services.

Regulatory AUM: $3.93B
Clients: 5,691
Advisory staff: 35
Fee schedule: Up to 1.85% a year
Custodians: Charles Schwab, LPL Financial
Headquarters: 2 James Center, 1021 East Cary Street, #702, Richmond, VA 23219
Phone: 804-644-4711

No. 5 · RIA

Kanawha Capital Management

Kanawha Capital Management is an investment adviser based in Richmond, VA, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $1.84 billion, as filed on 4 September 2026.

Kanawha Capital Management charges 0.50%–1.00% a year for its Standard fee schedule.

Regulatory AUM: $1.84B
Clients: 572
Advisory staff: 4
Founded: 1989
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 7201 Glen Forest Drive, Suite 200, Richmond, VA 23226-3759
Phone: 804-359-3900
Website: kancap.com

No. 6 · RIA

Godsey & Gibb

Godsey & Gibb is an investment adviser based in Richmond, VA, registered with the SEC since 1985. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $1.56 billion, as filed on 5 May 2026.

Godsey & Gibb charges 0.50%–1.00% a year for its Individual Portfolio Management.

Regulatory AUM: $1.56B
Clients: 831
Advisory staff: 13
Founded: 1985
Fee schedule: 0.50% to 1.00% a year
Minimum account: $500,000
Custodians: Charles Schwab
Headquarters: 6806 Paragon PL, Ste 230, Richmond, VA 23230
Phone: 804-285-7333
Website: godseyandgibb.com

No. 7 · RIA

Heartwood Wealth Advisors

Heartwood Wealth Advisors is an investment adviser based in Richmond, VA, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and charitable organizations. Its regulatory assets under management total $1.55 billion, as filed on 30 April 2026.

Heartwood Wealth Advisors charges up to 1.50% a year for its Portfolio Management Service Fees.

Regulatory AUM: $1.55B
Clients: 574
Advisory staff: 10
Founded: 2013
Fee schedule: Up to 1.50% a year
Headquarters: 9020 Stony Point Parkway, Suite 325, Richmond, VA 23235
Phone: 804-269-8711
Website: heartwoodva.com

No. 8 · RIA

SBK Financial

SBK Financial is an investment adviser based in Richmond, VA, registered with the SEC since 2005. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $1.54 billion, as filed on 25 March 2026.

SBK Financial charges 0.25%–1.00% a year for its Investment Management Services.

Regulatory AUM: $1.54B
Clients: 267
Advisory staff: 13
Fee schedule: 0.25% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 1001 Haxall Point, Suite 705, Richmond, VA 23219
Phone: 804-237-1700
Website: wealth-crossing.com

No. 9 · RIA

Salomon and Ludwin

Salomon and Ludwin is an investment adviser based in Richmond, VA, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and other investment advisers. Its regulatory assets under management total $1.34 billion, as filed on 17 July 2026.

Salomon and Ludwin charges 0.05%–0.85% a year for its Fee for Advice and Portfolio Management.

Regulatory AUM: $1.34B
Clients: 459
Advisory staff: 6
Founded: 2009
Fee schedule: 0.05% to 0.85% a year
Custodians: Charles Schwab
Headquarters: 1401 Gaskins Road, Richmond, VA 23238
Phone: 804-592-4999
Website: salomonludwin.com

No. 10 · RIA

Canal Capital Management

Canal Capital Management is an investment adviser based in Richmond, VA, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles and charitable organizations. Its regulatory assets under management total $1.28 billion, as filed on 4 August 2026.

Canal Capital Management charges 0.70%–1.50% a year for its Portfolio Management Services.

Regulatory AUM: $1.28B
Clients: 417
Advisory staff: 6
Founded: 2012
Fee schedule: 0.70% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 9 South 5th Street, Richmond, VA 23219
Phone: 804-325-1450
Website: canalcapitalmanagement.com

Questions about financial advisors in Richmond

How many financial advisor firms are headquartered in Richmond?

33 SEC-registered financial advisor firms report their principal office in Richmond, VA, managing $44.6B in regulatory assets between them. The other 17 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Richmond?

Cary Street Partners Investment Advisory, with $10.3B in regulatory assets under management on its latest Form ADV. The next largest are Lowe, Brockenbrough & Company ($5.49B) and Heritage Wealth Advisors ($4.86B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Richmond?

The median firm manages $542M in regulatory assets. That is the midpoint of the 33 firms headquartered in Richmond.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Richmond charge?

Of the 10 largest firms, 9 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.85% to 1.85% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Richmond?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Richmond has 33 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Richmond

Top financial advisor firms in other Virginia cities