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ABOUT


Experience as a Certified Public Accountant CPA icon

Experience 

With significant wealth comes significant complexity. For more than 30 years, we have been helping people make the most of their wealth through investment, financial, and tax advice, both as an Investment Advisor Representative and a Certified Public Accountant.

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Fee-Only

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.  

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Evidence-Based Investing

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. 

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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. 

Jim David, CPA

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. 

Experience

Prior to founding David Wealth Management he was an Investment and Strategic Advisor for more than 3 years at Brown Advisory in Chevy Chase, Maryland; and a Managing Director in the Private Client Group at FBR Capital Markets Corporation in Arlington, Virginia for over 10 years. Before that he was a practicing Certified Public Accountant (CPA) for more than 15 years, specializing in tax compliance and tax planning for individuals, with the CPA firm he founded in 1993, David & Samson, and later sold to CBIZ in 1998, Kenneth Leventhal & Company and PricewaterhouseCooper, all in the metro DC area.

Family

Jim and his wife, Maria Coakley David, have lived in Northern Virginia for over 30 years, where they raised their four children, Kristin, Shannon, CJ and Michelle. They are proud grandparents of two grandchildren, Collin and Bennett.  

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SERVICES & FEES



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


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, we act as your lead advisor, managing your money and helping you stay on course toward your goals.  

We achieve this through a measured, step-by-step planning process: 

1Discover

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. 

2 Plan

We build you a financial plan based on your information and input, our expertise, and utilization of the best planning tools.

3Decide

We review your plan with you and together we agree on how you would like to proceed. 

4 Implement

We take care of the paperwork and get your plan moving forward.

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 upon completion of the financial plan.


"We invest your money the same way we invest our own money."  


It has been our experience that investment success is more likely achieved with clearly defined investment principles - these principles define our investment philosophy. We act as your lead advisor, adhering to these principles, managing your money, and helping you stay on course toward your goals. 

"After more the 35 years in the financial services industry, I have found that having an investment philosophy - one that is robust and that you can stick with - cannot be overstated."  David Booth, Dimensional Fund Advisors.   

Our Investment Principles include the following: 

 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.

Diversification is about the closest thing to a free lunch in capital markets, so you may as well get a huge helping of it.Ken French, Dimensional Fund Advisors

 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, including US equities, Non-US equities and both US 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 a selection of 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. 

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. 

"What is a fee-only advisor and why is fee-only important?"

As a fee-only advisor, we do not receive any compensation for products we recommend to our clients. Since we do not represent any product or company we are able to operate as independent agents for you. 

Our unbiased advice comes from our experience in both good and bad markets. Our goal is to positively impact our client’s lives by providing personalized service. The advice we offer to you, we use ourselves.



DOES YOUR PORTFOLIO FIT YOU?


What is your Risk Number?

OUR STORY



Financial Planning & Ballroom Dancing


Ordinarily, financial planning and ballroom dancing aren't two disciplines you would couple together. But now they are two of the most influential aspects in Jim David and his wife Maria’s lives. The pairing began when Jim he gave Maria six dance lessons for Valentine's Day.  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. Those six lessons soon gave way to more than Jim could have imagined. After some research they opened a Fred Astaire Franchised Dance Studio. 


Helping Local Communities Throughout Washington, DC


In 2014, Jim and Maria decided to combine their love of dancing and philanthropy. They established DC's Dancing Stars Gala, an annual event, which has raised more than $700,000 over the last three years for both local and national charities. The one night event features local DC celebrities performing choreographed routines in front of a panel of judges. The winner of the competition receives a mirror ball trophy and $10,000 for the charity of their choice. 

Learn More About the Charities We Support

Saturday, November 5, 2016


The third annual DC's Dancings Stars Gala raised more than $350,000 for local and national charities. The event was at the Sheraton in Tyson's Corner, Virginia, and featured 11 local Celebrities and 4 Corporate Challenge Dancers. The 2016 charities included: The Leukemia & Lymphoma Society, Marymount University, Lymelight Foundation, Code of Support Foundation, Jennifer Bush Lawson Foundation, Operation Renewed Hope Foundation and Code of Support Foundation.  

Get Involved In This Year's Event  

SERVING CLIENTS IN MARYLAND, VIRGINIA & DC  

OUR ALLIANCES & AFFILIATIONS



Dimensional Fund Advisors affiliation

David Wealth Management is proud to offer institutional investment strategies through 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.

Letter From the Chairman

Founder and Executive Chairman David Booth reflects on the importance of having an investment philosophy you can stick with over the long-term.  "After more the 35 years in the financial services industry, I have found that having an investment philosophy - one that is robust and that you can stick with - cannot be overstated."

Read More

Putting Financial Science to Work for You

Dimensional is a global investment firm that has been serving investors for more than 35 years. They have a strong belief in markets 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


The Colony Group affiliation

David Wealth Management may engage the services of The Colony Group. The Colony Group is a member company of Focus Financial Partners, a leading partnership of independent, fiduciary wealth management firms. These services may include financial planning and investment advisory services.

As a fidiciary, David Wealth Management has certain legal obligations, including the obligation to act in the clients' best interest. We maintain a Business Continuity and Succession Plan and seek to avoid a disruption of service to clients in the event of an unforeseen loss of key personnel, due to disability or death. To that end, we have entered into a succession agreement with The Colony Group to be part of the Focus Succession Program. We believe The Colony Group has a shared culture, service model, investment philosophy and the capability and capacity to serve clients.  

 


David Wealth Management is proud to be members of the following organizations:


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 (CPAs) 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.


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 Office

(703) 560-8300

Address

8315 Lee Highway, Suite 325 Fairfax, VA  22031