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 Financial Planning

 & Investment Advisory

With offices in Fairfax, VA 

ABOUT



Who We Are

We are a Registered Investment Advisor and help our clients make the most of their wealth through investment, financial, and tax advice. 

Who We Serve

We serve a variety of clients including executives, business owners, and retirees. 

  • We work with clients planning for retirement and advise them on disciplined and well researched strategies to target long-term wealth in the capital markets. 
  • We work with clients in retirement and advise them on sensible and tax-efficient distribution strategies to provide them income for today and growth for tomorrow to make their retirement accounts last.   

What We Do

Our clients seek well diversified investment portfolios and we provide them with retirement, estate, tax 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 wealth. We help our clients to simplify their financial goals 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 mission is to positively impact our client’s lives. Schedule your no obligation meeting to get acquainted by completing the form below or schedule a call to get started.


CPA/PFS Financial Planner

As a Certified Public Accountant (CPA) and a Personal Financial Specialist (PFS) we are part of an elite group of financial professionals who have demonstrated advanced knowledge of tax, estate, retirement, investment and insurance planning.


Fee-Only, Fiduciary, Independent

As a member of National Association of Personal Financial Advisors (NAPFA) we live by three important values: to be the beacon for independent, objective financial advice for individuals and families; to be the champion of financial services delivered in the public interest; and to be the standard bearer for the emerging profession of financial planning.

Helping You Feel Confident in Your Financial Future

Fee-Only Financial Planner in Fairfax, VA

Financial Planning Services

We Focus on Things That Matter Most to You


Together, we create a thoughtful financial plan that gives you the best odds of realizing your most important plans and goals. 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 so you can enjoy your life more.  

Our Financial Planning Approach 


1Our Initial Meeting

We meet with you and your family, and take the time to understand your financial situation and your concerns. The financial planning process starts with a detailed understanding of your wealth and your life. We discuss your plans and goals, and the risks and opportunities, most relevant to you.    

2 Building 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 financial future.

3Reviewing 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 and risk tolerance.

4Implementation 

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 financial lives.  

5 Tracking 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 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.


 

Retirement Planning


"We understand the greatest fear 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 future. We take a disciplined and well researched approach to target long-term wealth in the capital markets.

"We understand the greatest fear 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.

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. 

Income Tax Planning

Tax law changes can impact your financial situation and we are well-versed to identify both short-term and long-term tax planning strategies with the goal to reduce your future tax liability. 

Risk Management Planning

We evaluate your overall asset protection, including how your own your assets and review your insurance polices, including life, heath care, long-term care, umbrella, disability, auto & home. 

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

Fiduciary Financial Planner in Fairfax, VA

Investment Advisory Services

Providing You Investment 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 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.

We Focus on What We Can Control


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 provide you an appropriate investment portfolio recommendation, taking into consideration your time horizon, investment objectives, risk tolerance and other factors specific to you. Learn more about how we work to create a portfolio you are comfortable with.

Dimensional Fund Advisors

We are proud to offer institutional investment strategies though Dimensional Fund Advisor. Dimensional is a global investment firm that has been serving investors for more than 35 years. 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.

Tuning Out the Noise

For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets. Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. Creating a portfolio you are comfortable with, understanding that uncertainty is a part of investing, and sticking to a plan may ultimately lead to a better investment experience.

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's Your Risk Number?


Riskalyze® is the world’s first risk alignment platform. Riskalyze utilizes a Risk Number assignment on a conservative-to-aggressive scale from one to 99. This process will assist you in determining your personal tolerance for risk by developing your Risk Number.

The process is simple: Riskalyze provides a 5 minute questionnaire and you get the following information:


  • Your individual Risk Number
  • A match between appropriate investments and your individualized Risk Number

It turns out 4 out of 5 people have more risk in their portfolios than they previously realized. If we analyze your investment portfolios with Riskalyze we can see if the Risk Number of your portfolio matches your personal Risk Number.

Helping You Focus on Things That Matter Most to You

Independent Financial Planner in Fairfax, VA

Our Story

Jim David, CPA/PFS Photo

Jim David, CPA/PFS

Managing Member


Over 30 Years of Financial Experience Serving Fairfax, VA 


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 18 years Jim has been practicing as an Investment Advisor Representative, 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.  


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.

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.  

"How can we help?" 

Let's talk!

 Office

(703) 560-8300

Address

8315 Lee Highway, Suite 325 Fairfax, VA  22031