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Financial Planning

& Investment Advisory

Fee-Only, Fiduciary, Independent


Schedule Your FREE Initial Consultation


"We work with clients planning for retirement

& clients in retirement."


ABOUT



Who We Are

We are a fee-only, fiduciary and independent Financial Planning & Investment Advisory Firm. 

Who We Serve

We serve a variety of clients including business owners, executives, retirees and near retirees, growing families, and experienced investors.

What We Do

We provide comprehensive financial planning and investment management to help clients organize, grow and protect their assets through life's transitions. 

Our specialties include: Financial Planning, Investment Management, Retirement Planning, Tax Planning, Estate Planning, and Insurance Planning.

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 contact us -- we offer a FREE initial consultation to get acquainted.

CPA/PFS Financial Planner

As a Certified Public Accountant (CPA) we are licensed by the state of Virginia and authorized to practice. We have also been awarded the Personal Financial Specialist (PFS) credential by the American Institute of Certified Public Accountants (AICPA). 

The PFS credential is granted solely to CPAs with considerable personal financial planning education and experience. All areas of financial planning including estate, retirement, investment and insurance - have tax implications, and the PFS professional has the experience, ethics, and expertise to get the job done right.


Fee-Only, Fiduciary, Independent

As fee-only & fiduciary financial advisors we are never paid a commission of any kind and have an obligation to provide unbiased & trustworthy financial advice. 

We are members of The National Association of Personal Financial Advisors (NAPFA) which is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.  

Download our NAPFA Financial Advisor Checklist


Helping You Feel

Confident in Your Financial Future


Financial Planning Services

Helping You Feel Confident in Your Financial Future


Together, we create a thoughtful financial plan that gives you the best odds of realizing your most important goals, needs, wants and wishes. From implementation to ongoing oversight, as your financial advisor we help you stay on course toward your goals. Our approach helps you focus on the things that matter most to you so you can enjoy your life more.   


1Our Initial Meeting

We meet with you and take the time to get to know you and your family. The financial planning process starts with a detailed understanding of you, your life and your wealth. We discuss your expectations and concerns, your lifestyle goals, needs, wants and wishes, before and after retirement.

2 Build Your Plan

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

3Review Your Plan

We meet with you to review your plan and together we agree on how you would like to proceed. We provide you an appropriate investment portfolio recommendation, taking into consideration your time horizon, investment objectives, risk tolerance and other factors specific to you.

4Implement Your Plan 

We take care of the paperwork and get your plan moving forward. Our clients are busy and work with us because they want to simplify and organize their lives.  

5 Track Your Progress

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


Our Financial Planning Fees

We charge an hourly fee for stand-alone financial planning  services. The fee is charged as we work toward the completion of your financial plan.


When It Comes To Understanding Your Financial Situation,

"Are You Asking The Right Questions?"

Are you wondering … “Where do I start?” Or, more importantly ... “What am I forgetting?” We take the guesswork out of preparing for your next financial planning appointment with our free, downloadable Retirement Scorecard. We provide you the questions you should be asking yourself and your advisor.

Download "Your Retirement Scorecard"



 

Retirement Planning


"We understand one of the greatest fears you have about your personal finances is not having enough money in retirement."


For those who are just beginning to plan for retirement we'll serve as your guide and provide you with a personalized financial plan, during your accumulation stage, so you can begin to feel confident in your financial future. We take a disciplined and well researched approach to target long-term wealth in the capital markets.

"We understand one of the greatest fears you have in retirement is having a significant loss in your investment accounts."


During your distribution stage we'll provide you with a personalized financial plan and advise you on the most sensible and tax-efficient distribution strategies to provide you with income for today and growth for tomorrow to make your retirement accounts last. We take a disciplined and well research approach to target long-term wealth in the capital markets.  

Estate Planning

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

Tax Planning

Tax law changes can dramatically impact your financial situation. As a CPA and a PFS we are well-versed to identify both short and long term income tax planning strategies to maximize tax planning. 

Insurance Planning

We evaluate your overall asset protection, including how your own your assets and review your insurance polices, including your life, heath care, long-term care, umbrella, disability, auto & home. We help you protect you and your family against unforeseen events.

Business Planning

We review your business plan and organizational structure, integrate your business plan with your personal financial plan, review your succession plan, employee benefits, executive compensation and retirement planning.  

Helping You Achieve

Financial Peace of Mind


Investment Advisory Services

Helping You Achieve Financial Peace of Mind

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 and help you stay on course toward your goals. Our investment principles highlight key decisions that help our clients effectively target long-term wealth in the capital markets and improve their odds of success.


 1Embrace 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.   


 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. Our analysis of US-based mutual funds shows that only a small percentage of funds have outperformed industry benchmarks after costs—and among top-ranked funds based on past results, only a small percentage have repeated their success.


 3Resist 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. For example, most of the funds in the top quartile (25%) of previous five-year returns did not maintain a top quartile ranking in the following five years.


 4Let 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

Their is academic research into what drives 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 


 6Practice Smart Diversification

Holding securities across many market segments can manage overall risk. But diversifying within your home market may not be 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. Markets go up and down. 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. Some messages stir anxiety about the future, while others attempt you to chase the latest investment fad. When headlines unsettle you consider the source and maintain a long-term perspective.  


10Focus on What We 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.


We Focus on What We Can Control

We focus on what we can control, which is to leverage the extensive body of academic research on the behavior of equities and bonds. We 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.

Our Methodology

Asset Allocation

Academic research has provided evidence that a portfolio'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 taxable and retirement investment portfolios that are globally diversified across a wide range of equity and fixed income exposure levels. Our process gathers important information to help us design and construct an appropriate investment portfolio recommendation. Our recommendation includes taking into consideration your time horizon, investment objectives and risk tolerance and other factors specific to your financial and life circumstances.


Our Investment Advisory Fees

We charge a single fee for our investment advisory services, which includes financial planning and investment management services. The fee is charged annually, billed quarterly, in arrears, and is based on a percentage of assets under management.


"Do You Know How Much Risk You Have in Your Portfolio?"

"How Much Risk Do You Need to Have?"

"Do You Have Too Much Risk?"


One of the most important aspects of investing is to have a portfolio with the level of risk that will keep you more comfortable during inevitable market declines. Focusing on risk tolerance ensures the amount of fluctuation in your portfolio is well within our measured evaluation of your unique circumstances.

What's Your Risk Number?


We Focus On

What We Can Control


Our Story

Jim David, CPA/PFS Photo

Jim David, CPA/PFS

Managing Member


Over 35 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).

Experience

For the last 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.

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, Bennett & Ella Burch and James Hampton.  



National Association of Personal Financial Advisors (NAPFA) 

NAPFA which 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.

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.

How can we help?

Let's talk!


 Office

(703) 560-8300

Email

JDavid@DavidWealth.com 

Schedule Your FREE Initial Consultation

Address

8315 Lee Highway, Suite 325 Fairfax, VA  22031