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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 & independent Financial Planning & Investment Management Firm 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 investment advisory 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, on the things that matter most to them, so they feel confident in their future.  

CPA/PFS Financial Planner

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


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
  • Champion of financial services delivered in the public interest 
  • Standard bearer for the emerging profession of financial planning 

Download our NAPFA Financial Advisor Checklist


Helping You Feel

Confident in Your Financial Future


Download Your FREE Retirement Scorecard

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.  

Our Financial Planning Approach 


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 the financial plan.



 

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


What's Your Risk Number?

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 can help investors effectively target long-term wealth in the capital markets and improve their odds of success

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. 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.

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. 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.

Let 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. 

Consider 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 

Practice 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.  

Avoid 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.

Manage 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. 

Look 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.  

Focus 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.


Dimensional Fund Advisors

We are proud to offer institutional grade investment strategies though Dimensional Fund Advisors (DFA). DFA is a global investment firm that has served institutions and, through advisors, individual investors, for over 38 years. Their goal is to add incremental value compared to benchmarks and peers through a robust process that focuses on keeping costs low and and reducing tax exposure. Their track record since the firm’s inception in 1981 has continually validated their approach as a successful means to efficiently harvest returns offered by markets around the world

Do Mutual Funds Outperform Benchmarks?

Our analysis of US-based mutual funds shows that only a small percentage of funds have outperformed their appropriate benchmarks after costs. Among top-ranked funds, based on past results, only a small percentage have repeated previous success. Additionally, and perhaps even more importantly, no method has been proven to consistently identify next year’s best performing funds in advance. 



Market Volatility

While market volatility can be nerve-racking for investors, reacting emotionally and changing long-term investment strategies in response to short-term declines could prove more harmful than helpful. By adhering to a well-thought out investment principles, investors may be better able to remain calm during periods of short-term uncertainty.

Reacting emotionally and modifying or ignoring long-term investment strategies to evade market volatility is often more harmful than helpful. The equity market’s history clearly illustrates that long term gains are best realized by investors willing to endure short term volatility. 

We understand that markets decline. Because of this, one of our most important considerations is to design a portfolio for you that can be expected to produce volatility falling within your comfort zone. An investment plan based on a consistent investment philosophy will reinforce the discipline you need to stay calm and avoid counterproductive reactions during inevitable short-term equity market declines.


We Focus On 

What We Can Control


Download Your FREE Retirement Scorecard

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 and Ella 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.

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 15 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 $1,300,000 over the last five 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!


What's Your Risk Number?

 Office

(703) 560-8300

Email

JDavid@DavidWealth.com 

Schedule Your FREE Initial Consultation

Address

8315 Lee Highway, Suite 325 Fairfax, VA  22031