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Fee-Only, Fiduciary

& Independent

ABOUT


David Wealth Management is a fee-only financial planning and investment advisory firm located in Fairfax, Virginia, serving clients locally and across the country.  


Who We Serve

We serve a variety of clients including executives, business owners, and retirees. Our clients seek well diversified investment portfolios and comprehensive financial, tax, and estate planning.

How We Can Help

We are a Registered Investment Advisor and for more than 30 years we have been helping our clients make the most of their wealth through investment, financial, and tax advice as an Investment Advisor Representative, as a Certified Public Accountant (CPA) and as a Personal Financial Specialist (PFS). 

We are able to work closely with our clients and provide tax, estate, retirement and insurance planning and portfolio management to make the most of their wealth.  

Why Clients Work With Us

Our clients are busy and work with us because they want to simplify and organize their financial lives. They understand that financial planning is complex, so they seek to work with someone they can trust to make the most of their hard-earned wealth. 

We help our clients to simplify their financial goals, decisions, and plans so they feel confident in their future.  

How to Get Started

We enjoy meeting new people to learn more about their goals and discuss how we may be able to help. Our goal is to positively impact our client’s lives. 

If you have financial questions, please call us. If you’d like to meet in person, we offer a no obligation meeting to get acquainted.

Experience as a Certified Public Accountant CPA icon

Experienced Leadership 

We are a Registered Investment Advisor and for more than 30 years we have been helping our clients make the most of their wealth through investment, financial, and tax advice, as an Investment Advisor Representative, as a Certified Public Accountant (CPA) and as a Personal Financial Specialist (PFS).

Fee only financial planner in Fairfax Virginia icon

Fee-Only & Independent

We receive no compensation or commission from any product we recommend, nor do we represent any product or company. We believe unbiased investment advice stems from a fee-only financial structure. We offer a simple and transparent, and competitive tiered fee based on assets under management.  


Evidence Based Investing icon

Globally Diversified Portfolios

We offer globally diversified, low-cost and tax efficient portfolios. Emphasizing evidence over emotions, we'll show you how to invest more confidently, based on clearly defined investment principles, and in a way that reflects your personal goals and risk tolerance.  

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Tax & Financial Planning

We believe effective tax planning is essential to successful financial planning. It gives you and your family the greatest probability for achieving your personal goals and provides for maximum wealth transfer. 

Jim David, CPA/PFS

Managing Member


Over 30 Years of Financial Experience 


Education

Jim received his master’s degree in Taxation from Georgetown University, an MBA from the College of William & Mary, and a bachelor's degree from Cornell University.

Certifications

Jim is a Certified Public Accountant (CPA) and has also been awarded the Personal Financial Specialist (PFS) credential by the American Institute of Certified Public Accountants (AICPA), joining the elite group of financial professionals who have demonstrated advanced knowledge of tax, estate, retirement, investment and insurance planning. 

Experience

For the last 18 years Jim has been practicing as an Investment Advisor Representative for Wealth Management firms, including most recently with David Wealth Management. Before that he was a practicing Certified Public Accountant (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.

Family

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, CJ and Michelle. Kristin and Shannon, their two oldest daughters, are married to Stephen Burch and Jacob Hampton, respectively. They are proud grandparents of Collin and Bennett Burch.  

"It has been our experience that investment success is more likely achieved with clearly defined investment principles."

SERVICES & FEES



"Integrated wealth management that simplifies your decisions, and your life."


At David Wealth Management you'll benefit from our methodical planning 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 ongoing oversight, as your investment advisor we manage your money and help you stay on course toward your goals.  

Our Financial Planning Approach: 


1Discover

The financial planning process starts with a detailed understanding of your long-term goals. We ask that you complete a detailed questionnaire and meet with you to evaluate your current financial position, including your personal goals, time horizon, income and expenses, portfolio distributions and cash flow needs, and more.    

2 Plan

We build you a personalized financial plan based on your information and input, and our expertise, with easy to understand information to help you make the right decisions about your financial future.

3Decide

We review your plan with you and together we agree on how you would like to proceed. We want you to understand the reasoning behind our decisions. We provide you an appropriate asset allocation and investment portfolio recommendation, based on your specific needs, analyzing time horizon, investment objectives, risk tolerance and other factors specific to you.

4 Implement

We take care of the paperwork and get your plan moving forward. We educate you on financial planning topics like social security optimization, estate and charitable gift planning, perspectives on annuities, life insurance and long-term care. We provide you access to professional resources including an accountant and an estate planning attorney.

5 Review

We have regular meetings with you to review the progress of your plan and discuss any life changes.

Our Fees

David Wealth Management charges an hourly fee for stand-alone financial planning services. The fee is charged as we work toward the completion of the financial plan.


"It has been our experience that investment success is more likely achieved with clearly defined investment principles."


As your investment advisor we adhere to these principles, manage your money and help you stay on course toward your goals. Our Investment Principles highlight 10 key decisions that can help investors effectively target long-term wealth in the capital markets - and improve their odds of success.

Our Investment Principles:

 1Embrace Market Pricing

The market is an efficient information-processing machine: millions of participants buy and sell securities in the world markets every day, and the real information they bring helps set prices. 

 2Don'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; as evidence, less than 20% of the US equity mutual funds have survived and outperformed their benchmarks over the past 15 years. 

 3Resist Chasing Past Performance

Some investors select mutual funds based on past performance; research shows that most of the funds in the top quartile (25%) of previous five-year returns did not maintain a top quartile ranking for one year returns in the following year; past performance offers little insight into a fund's future performance. 

 4Let the Markets Work for You

The financial markets have rewarded long-term investors; people expect a positive return on the capital they supply, and historically, the equity and bond markets have provided growth of wealth that has more than offset inflation.  

 5Consider the Driver of Returns

Academic research has identified "dimensions" which point to differences in expected returns: and investors can pursue higher expected returns by structuring their portfolios around these dimensions. 

 6Practice Smart Diversification

Diversification helps reduce risks that have no expected return, but diversifying your home market is not enough; global diversification can broaden your investment universe.  

 7Avoid Market Timing

You never know which market segments will outperform from year to year; by holding a globally diversified portfolio investors are well positioned to seek returns whenever they occur. 

 8Manage Your Emotions

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

 9Look 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.  

10Focus on What You Can Control

Create an investment plan to fit your needs and risk tolerance; structure a portfolio along the dimensions of expected returns, diversify globally, manage expenses, turnover and taxes, and stay disciplined through market dips and swings.

Asset Allocation

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.  

Our Investment Portfolios

We offer both taxable and retirement investment portfolios that are globally diversified and 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, time horizon and risk tolerance. 

Our Fees

David Wealth Management charges a single fee for its advisory services, which includes both financial planning and investment management services. The fee is charged annually, billed quarterly, and is based on a percentage of assets under management. 

"Integrated wealth management that simplifies your decisions, and your life."

ALLIANCES & AFFILIATIONS


"We are proud to offer institutional investment strategies though fund manager Dimensional Fund Advisors."


Dimensional's leadership in putting the science of investing to practical work complements our own approach to representing our clients' highest financial interests through evidence based investing.

Dimensional is a Global Investment Firm

Dimensional is a global investment firm that has been serving investors for more than 35 years. They have a strong belief in markets that frees us to think differently about investing. They identify compelling research and apply it to practical investing. They have decades of research and rigorous testing which underpins their approach to pursing higher expected returns.  Their goal is to add value over benchmarks and peers through an integrated and robust process. And, they have a long history managing time-tested investment strategies for their clients.

Read More

"Membership provides an opportunity to strive for industry best practices."

 

National Association of Personal Financial Advisors (NAPFA) 

NAPFA is the country's leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.

American Institute of Certified Public Accountants (AICPA)

The AICPA is the world’s largest member association representing the accounting profession.

AICPA - Personal Financial Planning Section

The AICPA’s Personal Financial Planning Section is the premier provider of information, tools, advocacy and guidance for Certified Public Accountants (CPA) and Personal Financial Specialists (PFS) who specialize in providing estate, tax, retirement, risk management and investment planning advice to individuals and closely held entities.

AICPA - Tax Section

The AICPA's Tax Section offers CPA practitioners tools, techniques and peer interaction that can lead to enhanced service delivery and a more robust practice. The Section keeps members up-to-date on tax legislation and regulatory developments.

Financial Planning Association (FPA)

The FPA is a leadership and advocacy organization connecting those who provide, support and benefit from professional financial planning.

Virginia Board of Accountancy (VBOA)

The VBOA regulates CPAs in Virginia through a program of examination, licensure of individuals and CPA firms, consumer protection through enforcement of VBOA statutes and regulations, continuing professional education and peer review.

"We are proud to have relationships

with the following organizations."


Charles Schwab & Co., Inc.

Schwab is our preferred independent broker/dealer and custodian that provides a broad ranges of services including execution of securities transactions and custody of client funds and securities.  

Schwab Performance Technology

Schwab Performance Technology (SPT) provides portfolio management solutions that allows us to gather and efficiency manage client account information so that we can make timely and informed decisions in managing our client investment portfolios.  In addition, SPT assists us in providing customized quarterly performance reports.

MoneyGuidePro® & my MoneyGuide®

MoneyGuidePro and my MoneyGuide provides financial planning software that is used to assist us in preparing customized Financial Goal Plans, Lifetime Income Plans, Asset Allocation Plans, College Reports, Insurance Analyses and Estate Analyses.

Riskalyze

We all look at risk differently, based on our varying life experiences and financial positions. Riskalyze provides technology that is used to assist us in quantifying client risk tolerance and build appropriate portfolios, while still meeting financial goals.  

Morningstar Advisor

Morningstar Advisor has an extensive investment database that provides trusted data available through screening tools and client reports that assists us in building well diversified investment portfolios.

CPA/PFS Credential Holders


You may have needs that cause you to be concerned for the future and are uncertain whom you can trust for advice. Both as a Certified Public Accountant (CPA) and as a Personal Financial Specialist (PFS), CPA/PFS credential holders are well positioned to help their clients address these needs in an unbiased and knowledgeable manner. 

A PFS credential can only be earned by CPAs, and it requires additional education, real-world experience and extensive knowledge to pass a rigorous exam. A CPA/PFS has an unparalleled understanding of how to help clients benefit from today's complex decisions about taxes, retirement, estate planning, investments and insurance. As a result of working with a CPA/PFS and following an objective plan, clients can be more confident in realizing their financial goals.

"We are proud to offer investment strategies though Dimensional Fund Advisors."

OUR STORY

Financial Planning & Ballroom Dancing


Ordinarily, financial planning and ballroom dancing aren't two disciplines you would couple together. But they are two of the most influential aspects in Jim David and his wife Maria’s lives. The pairing began when Jim gave Maria six dance lessons for Valentine's Day about 10 years ago.  Jim knew Maria danced as a child and still enjoyed dancing so he thought it might be a nice way to spend some time together. Maria loved it and Jim found himself hooked as well.  

In 2014, Jim and Maria decided to combine their love of ballroom dancing and philanthropy. They established DC's Dancing Stars Gala, an annual, one night event which has raised more than $1,000,000 over the last four years for both local and national charities. 

DC’s Dancing Stars Gala is an exciting fundraising event full of all the fun, glitz and glamour of the hit TV show Dancing with the Stars! Local DC Celebrities learn a polished choreographed routine and perform at the Gala with a professional dance partner in a competition mirroring the television show. A panel of celebrity judges along with the audience select the winner who will win the coveted mirror ball trophy.  

If you have financial questions, please call us. If you’d like to meet in person, we offer a no obligation meeting to get acquainted.

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How can we help? 

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 Office

(703) 560-8300

Address

8315 Lee Highway, Suite 325 Fairfax, VA  22031