David Wealth Management LLC is an independent, fee only, Registered Investment
Advisory firm based in Fairfax, Virginia, which provides financial planning and investment
advisory services throughout the greater Washington, DC area.
With significant wealth comes significant complexity. For more than 30 years, Jim David,
CPA, has been helping people make the most of their wealth through investment,
financial, and tax advice, as a Registered Investment Adviser, as a Certified Public
Accountant (CPA), and as a Personal Financial Specialist (PFS).
Unbiased investment advice stems from a fee-only financial structure. We receive no
compensation from any product recommended, nor do we represent any product or
company; we only represent you, our client.
We utilize globally diversified, low-cost and tax efficient portfolios. Emphasizing evidence
over emotions, we'll show you how to invest more confidently, with time on your side and
in a way that reflects your personal goals and risk tolerance.
TAX ADVICE & PLANNING
Effective tax planning is essential to successful financial planning. The fundamental tax
knowledge that we as CPAs have, married with our planning and investment expertise,
makes a very powerful combination. It gives you and your family the greatest probability
for achieving your desired lifestyle and allowing for maximum wealth transfer.
|Firm Start Year:||2012|
|States Licensed in:||VA|
|Number of Years with Current Firm:||4|
For more than 30 years, we have been helping our clients make the |
most of their wealth through investment, financial, and tax advice,
both as an Investment Advisor Representative as a Certified Public
Accountant (CPA) and as a Personal Financial Specialist (PFS).
|I work with the following types of clients:||Businesses , Non-Profit Organizations , Individual Investors|
|Investment Types:||Mutual Funds , Exchange Traded Funds (ETFs) , Stocks|
|I can meet clients in the following ways:||At your home , At your office , Via phone , At my office|
|Qualifications & Memberships|
|Financial Organization Memberships:||Financial Planning Association (FPA) , Virginia Board of Accountancy (VBOA) , National Association of Personal Financial Advisors (NAPFA) , American Institute of Certified Public Accountants (AICPA)|
|Firm's Number of Clients:||30|
|Firm's Number of Planning Clients:||30|
|Firm's Number of Managed Clients:||30|
|Assets Managed by Firm:||$60,000,000|
|Advisor's Number of Clients:||30|
|Advisor's Number of Managed Clients:||30|
|Advisor's Number of Planning Clients:||30|
|Assets Managed by Advisor:||60,000,000|
|Registered Investment Advisor:||Yes|
|Investment Advisor Representative:||Yes|
|I am an acknowledged fiduciary:||Yes|
|Compliance Disclosures in Last 5 years:||I have a clean record|
|Criminal Disclosures in Last 5 years:||I have a clean record|
|Compensation and Fees|
|Fee Structure:||I am a Fee-Only financial professional|
|Minimum Portfolio Size for New Managed Accounts:||$250,000|
|Compensation Methods:||Based on Assets|
|Additional Details on Charges:||
Fees for Advisory Services are paid quarterly in arrears pursuant to |
the terms of the investment advisory agreement; and based on the
market value of assets under management at the end of the quarter
and on the following schedule: 1st $500,000 @ 1.25%, next
$1,500,000 @ 1.00%, next $3,000,000 @ .75% and over $5,000,000
|Minimum Fee Charged for Managed Accounts:||$3,125|
|Minimum Fee Charged for Hourly Planning Accounts:||$250|
|BS - Business||
Cornell University - Ithaca, NY
|MBA - Business Administration||
College of William & Mary - Williamsburg, VA
|Masters of Science - Taxation||
Georgetown University - Washington, DC
Please visit our website http://www.davidwealth.com for important disclosures.
David Wealth Management, LLC ("DWM") is a registered investment advisor, located in the Commonwealth of Virginia. DWM provides investment advisory and related services for clients nationally. DWM will maintain all applicable registration and licenses as required by the various states in which DWM conducts business, as applicable. DWM renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.
*Managing Member at David Wealth Management LLC
July 2012 - Present (5 years)
Co-founder of David Wealth Management LLC, an independent financial planning and investment management firm focused on providing customized wealth management solutions to individuals and families.
*Managing Member at Fred Astaire Franchised Dance Studio
March 2007 - Present (10 Years)
Co-founder of the Fred Astaire Dance Studio located in Fairfax, Virginia. The studio sets the standard of excellence in modern ballroom dance instruction in Northern Virginia.
*Investment & Strategic Advisor at Brown Advisory
Chevy Chase, MD
May 2009 - June 2012 (3 years)
*Managing Director at Private Wealth Group at FBR
1999 - 2009 (10 years)
*Tax Director at CBIZ
1998 - 1999 (1 year)
Supported transitional efforts following the sale of David & Samson PLLC to CBIZ.
*Managing Member at David & Samson PLLC
1993 - 1998 (5 years)
Co-founder of David & Samson PLLC, a well-respected certified public accounting firm that provided a wide range of accounting and tax services to individuals, families, and businesses. Successfully built the business and positioned the firm for sale to CBIZ.
*TPIC Tax Person-In-Charge
1988 - 1993 (5 years)
TPIC of the tax department of the DC practice office of Kenneth Leventhal & Co, one of the most widely recognized CPA firms in the nation. In 1995, Kenneth Leventhal & Company was merged into Ernst & Young.
Investment Management & Advice
Academic research has provided evidence that an investor's asset allocation, the selection of asset classes, which include US equities, Non-US equities, US fixed income and Non-US fixed income, and the portfolio percentage allocation to each, is the single most important element in a portfolio strategy. Asset allocation accounts for over 90% of a portfolio's performance. We offer both taxable and retirement investment portfolios that provide a wide range of equity and fixed income exposure levels.
We recommend for you the portfolio determined to be the most appropriate and consistent with that of your personal goals, objectives, time horizon and risk tolerance. We use Riskalyze to assist us in determining your risk tolerance.
Financial Planning for Individuals
At David Wealth Management you'll benefit from our methodical approach, where every service is integrated, every decision is informed and, most of all, every move is made in your best interest. From advice, to implementation, to ongoing oversight, as your investment advisor, we manage your money and help you stay on course toward your goals. We achieve this through our measured, step-by-step planning process. Discover - We ask that you complete a detailed questionnaire and meet with you to evaluate your current financial position and discuss your financial needs and goals. Plan - We build you a financial plan based on your information and input, our expertise, and utilization of the best planning tools. Decide - We review your plan with you and together we agree on how you would like to proceed. Implement - We take care of the paperwork and get your plan moving forward. Review - We have regular meetings with you to review the progress of your plan and discuss any life changes.
|Falls Church||Great Falls|
|Mon.||9:30 AM - 5:00 PM|
|Tue.||9:30 AM - 5:00 PM|
|Wed.||9:30 AM - 5:00 PM|
|Thu.||9:30 AM - 5:00 PM|
|Fri.||9:30 AM - 5:00 PM|