Financial Planning & Investment Advisory

Fee-only, Fiduciary, Independent

We Have the Experience, Ethics, Expertise to Get the Job Done Right

At David Wealth Management, LLC, we maintain boutique qualities, CPA and PFS designations, as well as a dynamic advisor-to-client ratio that truly allow us to provide a unique environment in which your needs come first.

What Sets Us Apart

Who We Serve

As a firm, we serve a variety of clients including couples approaching or in retirement, new families planning for the future, high-net worth individuals, government workers and our nation’s veterans.

What We Do

Providing comprehensive financial planning solutions to help our clients organize, grow and protect their assets is the foundation of what we do. We assist people in preparing for retirement, investing wisely, establishing an estate plan, balancing tax strategies and more.

Why Work With Us

Our clients are busy and work with us because they want to simplify and organize their financial lives. They understand financial planning is complex, and they seek to work with someone they can trust.

How to Get Started

Schedule your complimentary 45-minute consultation! We’ll talk through finances, your goals, and your concerns about securing your financial future.

Schedule Your Complimentary Consultation

Why Work With David Wealth Management?

We Develop Strategies With You in Mind

Retirement Planning

Whether you are planning for or currently enjoying your retirement, we will develop personalized strategies, a tailored investment portfolio, and advise you on the most tax-efficient distribution strategies.

Estate Planning

We review your wills, trusts, trustees, executors and beneficiaries to make sure your estate planning documents are up-to-date to preserve your assets for the next generation.

Tax Planning

All areas of financial planning have tax implications, and as a CPA/PFS, we have the expertise to make sure you are taking advantage of tax planning opportunities.

Insurance Planning

We review your insurance policies and evaluate your asset protection, including how you own your assets, to help you protect yourself and your family against unforeseen events.

Business Planning

We review your business plan, integrate your business plan with your personal financial plan, and review your business succession plan to help you achieve your financial goals.

Our Story

Family Run And Family Focused

Working WiTh Us

What Makes Us Unique?

David Wealth Management, LLC is a fee-only, fiduciary and independent financial planning and investment advisory firm with offices in Fairfax, Virginia. As a CPA (Certified Public Accountant) and PFS (Personal Financial Specialist) professional, we have the experience, ethics and expertise to get the job done right.

Beyond that, we are a small business run by family for families. We know that your family is your top priority - because it’s our top priority too. Let’s work together to make sure that you and your loved ones are taken care of.

See what our clients have to say

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Jim David, CPA/PFS

Managing Member

Over 35 Years of Financial Experience

For over 20 years, Jim has been practicing as an Investment Advisor Representative, including most recently with David Wealth Management. Before that he was a practicing CPA for more than 15 years, specializing in individual taxation, with international CPA firms, including PwC, and with the CPA firm he founded, David & Samson.

A graduate of Georgetown University, Jim received his master’s degree in taxation prior to attending and earning his MBA from the College of William & Mary. He also has a bachelor’s degree from Cornell University and is passionate about higher education.

Jim is a Certified Public Accountant (CPA) and has been awarded the Personal Financial Specialist (PFS) credential by the American Institute of Certified Public Accountants (AICPA). Additionally, he is a member of the National Association of Personal Financial Advisors (NAPFA), American Institute of Certified Public Accountants (AICPA) and Virginia Board of Accountancy (VBOA).

Jim and his wife, Maria Coakley David, have lived in Northern Virginia for over 35 years, where they have raised their four children, Kristin, Shannon, C.J. and Michelle. Kristin and Shannon, their two oldest daughters, are married to Stephen Burch and Jacob Hampton, respectively. They are proud grandparents of Collin, Bennett, Ella & Addison Burch and James & Lila Hampton.

Interested in Learning More?

Contact Our Team

C.J. David

Investment Advisor Representative

cjdavid@davidwealth.com

C.J. joins David Wealth Management as an Investment Advisor Representative after working for 7 years as an Academic Coach with Private Prep Inc. There, he worked primarily with high school students to prepare them for college admissions exams. He brings to David Wealth a detail-oriented mind, ready to ensure your plan is as accurate to your goals as possible, and an empathic ear, here to listen to your goals and help you achieve them.

C.J. is a graduate of the University of North Carolina at Chapel Hill and holds a Bachelor’s degree in Music and Biology with a Business Certification from the Kenan-Flagler School of Business. He also holds a Master’s in Music from Bard College.

Interested in Learning More?

Contact Our Team

Financial Planning

Your Financial Plan

Prioritize Your Goals, Needs, Wants and Wishes

We create a financial plan that gives you the best odds of a successful financial future. Our approach helps you focus on the things that matter most to you, so you can enjoy living your life more.

Our Process:

Step 1

Step 2

Step 3

Step 4

Step 5

Our Initial Meeting

In our first meeting, we will take the time to get to know you and your family. We discuss your current financial situation, expectations and concerns, before and after retirement.

Build Your Plan

We will build your financial plan, based on your information and our expertise, to help you make the right decisions about your future.

Review Your Plan

Together, we will review your plan and agree on how you would like to proceed. We provide you an appropriate portfolio recommendation, taking into consideration your time horizon, investment objectives and risk tolerance.

Implement Your Plan

After your financial plan is finalized, we take care of the paperwork. We may set up meetings with specialists including an estate planning attorney or an insurance professional.

Track Your Progress

We have regular calls and meetings with you to review the progress of your plan and discuss any life changes. We make ourselves available whenever needed to review what’s on your mind and talk through how we can continue to best help you stay on track.

We help you achieve financial peace of mind.

Let's talk about how we can get there

Investment Advisory

Investments for Long-Term Wealth

Our investment principles highlight key decisions that help you effectively target long-term wealth in the capital markets. As your financial advisor, we adhere to these principles and help you stay on course toward your goals.

Our Investment Principles

Embrace Market Pricing

The market is an efficient information-processing machine. Each day, the world equity markets process billions of dollars in trades between buyers and sellers - and the real-time information they bring helps set prices.

Don't Try to Outguess the Market

The market's pricing power works against mutual fund managers who try to outperform the market through stock picking or market timing. Only a small percentage of US equity mutual funds and bond funds have outperformed their benchmarks over the past two decades.

Resist Chasing Past Performance

Some investors select mutual funds based on their past returns. Yet, past performance offers little insight into a fund's future returns.

Let Markets Work for You

The financial markets have rewarded long-term investors. Historically, the equity and bond markets have provided growth of wealth that has more than offset inflation.

Consider the Driver of Returns

Expected returns depend on current market prices and expected cash flows. Investors can use this information to pursue higher expected returns in their portfolios.

Practice Smart Diversification

Diversifying within your home market may not be enough. Global diversification can broaden your investment universe.

Avoid Market Timing

By holding a globally diversified portfolio investors are well-positioned to seek returns whenever they occur.

Manage Your Emotions

Many people struggle to separate their emotions from investing. Reacting to current market conditions may lead to making poor investment decisions.

Look Beyond the Headlines

Daily market news and commentary can challenge your investment discipline. When headlines unsettle you consider the source and maintain a long-term perspective.

Focus on What We Can Control

As your financial advisor, we provide expertise and guidance to help you focus on actions that add value - which can lead to a better investment experience.

We focus on what we control.

Let's talk about what we can do to help

Leveraging Academic Research Allows Us to Focus on What We Can Control

As a firm, we believe that in liquid markets, prices reflect all available information. Our strategies are focused on the dimensions of higher expected returns and seek to add value through portfolio design and implementation.

Our Investment Methodology

Asset Allocation

Academic research has provided evidence that asset allocation is the single most important element in a portfolio strategy and accounts for over 90% of a portfolio's performance.

Global Stock Diversification

We achieve broad stock diversification by investing in a wide range of asset classes using mutual funds and exchange-traded funds. We then follow the overall allocation of the global market by aiming for a world-market cap-weighted portfolio of U.S. and non-U.S. stocks.

Dimensions of Expected Returns

The size of a company influences its expected return, with the stocks of smaller companies offering higher returns than stocks of larger companies over time. Value stocks tend to outperform growth stocks in the long run, so it is advantageous to overweight exposure to value stocks relative to the global market capitalization.

Global Bond Diversification

Our bond allocation is designed to be the stable reserve within the portfolio. We work along several dimensions to minimize macroeconomic risks. We achieve stable optimization by investing globally in bonds with shorter maturities, that have a low correlation to stocks, and that are investment grade.

Investing Your Money

Your money will be invested according to your Investment Policy Statement. We invest your money directly into the market if your money is currently invested. If your money is not currently invested, we utilize dollar-cost averaging to reduce the risk of market volatility.

Opportunistic Rebalancing

Our rebalancing policies help to reduce risk and increase returns by capturing periodic buy-low/sell-high opportunities. It is through this disciplined approach to rebalancing we can capture the full benefits of diversification.

We focus on what we control.

Let's talk about what we can do to help

Tax-Smart Investing

The objective behind tax-smart investing is to try to enhance the after-tax returns of an investment portfolio. As a CPA, we have the experience and expertise to practice tax-smart investing.

What Does This Mean for You?

Manage Short-Term Gains

The tax rates on short-term capital gains are higher than those on long-term capital gains. We consider the differences in tax rates when evaluating selling an investment or rebalancing a taxable portfolio to try to avoid paying higher tax rates.

Harvest Tax Losses

When an investment is sold for less than its purchase price, the loss can be used to offset realized capital gains and, potentially, a small portion of taxable income. We practice tax-loss harvesting throughout the year, not just at year-end, to look for more opportunities to help our clients reduce taxes or offset gains.

Manage Exposure to Distributions

Mutual funds distribute earnings from interest, dividends and capital gains. We offer tax-efficient mutual funds and exchange trade funds (ETFs) to take advantage of deferring capital gains.

Take Tax-Smart Withdrawals

When a client wants to withdraw money from a taxable account, choosing the investments to sell can significantly impact the investment allocation and their tax bill. Selling investments to fund a withdrawal can also impact the level of risk in the investment portfolio.

We Use a Variety of Techniques Designed to Help Reduce Potential Tax Impact

When it’s time for you to withdraw money from your account, we’ll work to ensure the withdrawals on your investment portfolio are tax-efficient and that your investments remain aligned with your goals.

We focus on what we control.

Let's talk about what we can do to help

Frequently Asked Questions

What is a fiduciary?

A fiduciary is someone who is on your side. The fiduciary standard we apply to our investing ensures that choices made are always in our client’s best interests and ahead of the firm’s interests. A fiduciary is legally and ethically bound to act in a client’s best interests at all times.

What does it mean to be fee-only?

As a fee-only firm, we only charge for financial planning and investment management - we do not make a commission based on products or investments that we include in our portfolios.

Additionally, we offer a flat fee for our financial planning services, which will be provided to you with no hidden charges later on.

What does it mean to be independent?

When we say we are independent, we mean that we aren’t tied to a particular brokerage firm or to a particular investment strategy. We have the creativity and insight to take what you have and create the best possible portfolio to secure your financial future.

Why a financial advisor who is CPA?

Every part of the financial planning process has tax implications - with 35 years of experience in the accounting world, we have the knowledge to make sure you are tax efficient with your investing by looking at marginal tax rates, capital gains and losses of your investments, and your overall financial situation.

What kind of clients do you work with?

We work with clients in all walks of life, but primarily with:

Couples entering or in retirement
Young families looking to plan for the future
Veterans and government workers

Where are your clients located?

As a Northern Virginia based company, we primarily serve the DC Metro area, but we have clients across the country from Florida to California. At this time, we only work with clients in the United States.

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