Mark Fonville
Registered Investment Adviser
Covenant Wealth Advisors
Mark is a FEE-ONLY financial planner and fiduciary advisor with offices in Richmond and Williamsburg, VA. He specializes in financial planning and investment management for individuals age 50 plus who are nearing retirement.
I am Fee-Only
I do not accept commission, referral fees, or compensation of any kind based on selling financial products, without exception.
I am a Fiduciary
I will put your best interests first, and fully disclose and manage unavoidable conflicts fairly in your favor, at all times.
Things to Know
CEO and Founder of Covenant Wealth Advisors.
We offer a free retirement assessment to help assess your current path to retirement and to determine if we are a good fit for each other.
We can meet clients virtually via Zoom or in person at one of our three office locations in Richmond, Williamsburg, or Reston, VA.
CERTIFIED FINANCIAL PLANNER™ (CFP®) professional with over 20 years of experience in wealth management and financial planning.
Specializes in helping individuals aged 50+ with over $1 million in savings and investments achieve financial peace of mind.
Primary expertise is in retirement planning, tax-efficient retirement strategies, and investment management leading up to and through retirement.
We serve over 300 families nationwide to manage and grow their wealth.
Get to Know Mark Fonville
Mark Fonville is the President of Covenant Wealth Advisors and is a CERTIFIED FINANCIAL PLANNER™ practitioner. Mark has over 20 years of experience in the areas of financial planning and investment management for individuals and families age 50+ with over $1 million in savings and investments.
Prior to joining the firm, Mark served as the Regional Director for Loring Ward, an investment management firm located in San Jose, CA that had over $17 billion in assets. There, Mark served on the leadership team and provided investment strategy and consulting to some of the most experienced financial advisors in the country.
Additionally, Mark has been featured in the New York Times, Barron's, Forbes, Kiplinger Magazine and more. He is an accomplished public speaker on investment management and strategy, having spoken across the country at events for the Financial Planning Association, New York Life, Commonwealth Financial, Cambridge Investment Research, among others.
Mark is an active member of the National Association of Personal Financial Advisors (NAPFA) and the Financial Planning Association (FPA).
Mark graduated from Virginia Tech in 2001 with a BS in Finance and holds a Series 66 license. He is an active member of St. Mary's Church in Richmond, VA and enjoys time with his three children and wife, Katherine.
Awards, Education and Memberships:
- Voted Forbes Best-In-State Wealth Advisors 2022
- Voted #1 fasted growing company in 2020 by Richmond BizSense
- Virginia Tech in 2001 with a BS in Finance
- CERTIFIED FINANCIAL PLANNER (CFP®)
- Series 66 license
- National Association of Personal Financial Advisors (NAPFA) - Member
- Financial Planning Association - Member
- Virginia Council of CEOs - Member
I Can Help You With:
- Retirement income planning
- Investment management
- Tax planning
- Social security timing and optimization
- Roth conversion analysis
- Charitable giving strategies
Ideal Clients:
- You have $1 million plus in investments (excluding real estate)
- You view retirement as a major financial concern
- You believe in having a long-term plan that incorporates your total financial life including cash flow in retirement, taxes in retirement, and investing in retirement.
FAQ with Mark Fonville
- What services does Covenant Wealth Advisors provide?
- What makes Covenant Wealth Advisors different from other financial advisors?
- How do I know if I need a financial advisor?
- What is the process for becoming a client?
- Do you have a minimum asset requirement?
- What is your investment philosophy?
- How often will I meet with my financial advisor?
- Can Covenant Wealth Advisors help with tax planning?
- How can I schedule a consultation?
We specialize in comprehensive financial planning and wealth management for individuals aged 50 and older with over $1 million in savings and investments. Our services include retirement planning, investment management, tax planning, Social Security optimization, withdrawal strategies, and estate and legacy planning.
- What services does Covenant Wealth Advisors provide?
We specialize in comprehensive financial planning and wealth management for individuals aged 50 and older with over $1 million in savings and investments. Our services include retirement planning, investment management, tax planning, Social Security optimization, withdrawal strategies, and estate and legacy planning.
- What makes Covenant Wealth Advisors different from other financial advisors?
- How do I know if I need a financial advisor?
- What is the process for becoming a client?
- Do you have a minimum asset requirement?
- What is your investment philosophy?
- How often will I meet with my financial advisor?
- Can Covenant Wealth Advisors help with tax planning?
- How can I schedule a consultation?
Fee-Only and Fiduciary - Without Exception
Watch Our Video: Fee-Only, Fiduciary, Independent
Media Mentions and Industry Involvement
Forbes Named Mark Fonville One of the 2022 Best in State Wealth Advisors
Mark Fonville is Quoted in MarketWatch: "I pay my adviser 1%, but feel like we have ‘poor communication’ and some ‘issues.’ Is this too much to pay and what’s the move here?"
Mark Fonville is Quoted in the New York Times: "When Gambling Seems Like a Good Investment Strategy"
Mark Fonville is Quoted on Barrons: "How a Cash Stash Can Help Retirees Keep Peace of Mind, if Not Portfolio"
Mark Fonville is Quoted on Barrons: "Should You Repay Your Mortgage Early? What to Consider."
Mark Fonville is Quoted in Forbes: "What’s More Important Than Fees In Your 401(k)?"
Mark Fonville is Quoted in Forbes: "Why Do Employees Think They Don’t Pay Fees On Their 401(k) Plans?"
Mark Fonville is Quoted in Forbes: "Do This If You Don’t Like Your 401(k) Plan’s Fees"
Mark Fonville is Quoted on Kiplinger: "What to Do If You Have to Retire Early"
Office Locations
8001 Franklin Farms Drive, RM 208 - Richmond, VA 23229
351 McLaws Cir, Suite 1 - Williamsburg, VA 23185
