The asset management industry in Virginia is characterized by firms focused on managing investments and delivering financial strategies for clients. Companies in this sector offer a variety of services, from portfolio management to wealth planning, catering to individuals, families, and institutions. With the growing trend of sustainable and socially responsible investing, these firms are expanding their offerings to meet the evolving preferences of clients. Additionally, technological advancements are shaping how asset managers operate, enabling better analytics and service accessibility. This combination of innovation and client-centricity positions Virginia’s asset management firms for exciting growth opportunities.


The listing of asset management companies in Virginia highlights firms of varying sizes, from smaller boutique operations to larger established entities. Many were founded in the 1980s and 1990s, contributing to a deep well of experience. The firms are predominantly located in urban centers like Richmond and Vienna, with specializations that range from fixed-income strategies to wealth management and private equity. Each company uniquely addresses the investment needs of individual and institutional clients, emphasizing a commitment to personalized service and long-term performance.


Read on to discover the top asset management companies in Virginia.


Top 22 Asset Management Companies in Virginia


1. Quantitative Investment Management


Quantitative Investment Management, based in Charlottesville, Virginia, is a private investment management firm founded in 2003. The firm specializes in providing investment management services to both individual and institutional clients. With a dedicated team of approximately 28 employees, Quantitative Investment Management focuses on helping clients effectively navigate the complexities of investment opportunities while managing associated risks. Their approach is centered on achieving clients' financial goals through strategic portfolio management. The firm operates solely within the United States, ensuring a concentrated focus on the domestic market and its unique investment landscape.


2. The London Company

  • Website: tlcadvisory.com
  • Ownership type: Private
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 94%, United Kingdom (UK) 6%
  • Founded year: 1994
  • Headcount: 51-200
  • LinkedIn: the-london-company

The London Company, based in Richmond, Virginia, is an investment management firm that has been active since 1994. With a team of approximately 67 employees, the firm specializes in asset management and equity strategies, providing tailored investment services to both institutional clients and individual investors. Their investment philosophy emphasizes long-term value creation and downside protection, which is reflected in their various strategies, including Income Equity, Large Cap, Mid Cap, Small-Mid Cap, Small Cap, and International Equity. The firm employs a unique Balance Sheet Optimization approach to valuation, focusing on high-quality companies and maintaining a long-term investment horizon. As an SEC-registered investment advisor, The London Company is committed to delivering meaningful results while actively managing risk for its clients.


3. Richmond Capital Management

  • Website: richmondcap.com
  • Ownership type: Corporate
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: February 2025
  • Founded year: 1987
  • Headcount: 11-50
  • LinkedIn: richmond-capital-management-inc.

Richmond Capital Management, based in Richmond, Virginia, is an investment management firm that has been operating since 1987. The firm specializes in fixed-income strategies, providing tailored investment advisory services to a range of institutional clients, including pension plans, foundations, and insurance companies. With a team averaging over 23 years of industry experience, Richmond Capital focuses on meticulous security selection and risk management to help clients achieve their financial objectives. The firm is 100% employee-owned, which fosters a culture of accountability and alignment with client interests. Richmond Capital Management manages approximately $5.8 billion in assets, showcasing its capability and commitment to delivering superior investment performance. Their strategies include short duration, core fixed income, and customized portfolios, all designed to meet specific client needs and risk tolerances. The firm has a strong emphasis on transparency and responsible investing, further solidifying its role in the asset management industry.


4. Glassman Wealth Services

  • Website: glassmanwealth.com
  • Ownership type: Private
  • Headquarters: Vienna, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2009
  • Headcount: 11-50
  • LinkedIn: glassman-wealth-services

Glassman Wealth Services, founded in 2009 and based in Vienna, Virginia, is a private wealth management firm that specializes in a range of financial services tailored for individuals and families. The firm offers investment management, holistic financial planning, retirement planning, tax and estate planning, and lifestyle services. With a team of dedicated professionals, Glassman Wealth aims to simplify complex financial decisions for their clients, helping them achieve their financial goals. They have successfully managed over $2 billion in assets, reflecting their capability and trust within the industry. Their unique 'Just One Client' approach highlights their commitment to personalized service, ensuring that each client receives the attention and expertise necessary to navigate their financial journey effectively.


5. Capitol Securities Management Inc.


Capitol Securities Management Inc., founded in 1981, is a private financial services firm based in Reston, Virginia. The company specializes in investment management, wealth management, and financial planning, primarily serving individual investors and high-net-worth clients. With a workforce of approximately 125 employees, Capitol Securities operates under a client-first philosophy, emphasizing personalized service and tailored financial solutions. They do not push proprietary products, allowing their advisors the freedom to recommend the best options for their clients. The firm has built a reputation for excellence over the years, focusing on creating financial stability and security for its clients. Capitol Securities is affiliated with Raymond James Financial, Inc., which enhances its service offerings and provides a solid foundation for its operations. The firm serves around 16,000 customer accounts, reflecting its active engagement in the asset management industry.


6. Brockenbrough


Brockenbrough is an investment management firm based in Richmond, Virginia, founded in 1970. With a dedicated team of around 49 professionals, the firm specializes in providing wealth and investment management services tailored to the unique needs of individuals, families, and institutions. Brockenbrough manages approximately $4.1 billion in assets, showcasing their capability in handling substantial investment portfolios. The firm offers a range of services, including customized investment strategies, portfolio management, and financial planning. They also serve as an Outsourced Chief Investment Officer (OCIO) for various institutions, helping them navigate complex financial landscapes. Brockenbrough prides itself on its commitment to active listening and understanding client goals, ensuring that their investment strategies align with the aspirations of their clients. Their approach emphasizes transparency, collaboration, and a deep understanding of the investment process, which is crucial for effective asset management.


7. Motley Fool Wealth Management

  • Website: foolwealth.com
  • Ownership type: Private
  • Headquarters: Alexandria, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1993
  • Headcount: 51-200
  • LinkedIn: motley-fool-wealth-management

Motley Fool Wealth Management, based in Alexandria, Virginia, is an investment management firm founded in 1993. The company focuses on portfolio management and retirement planning, providing personalized financial services to individuals. Their team of experienced portfolio managers and wealth advisors work closely with clients to develop tailored asset allocation strategies aimed at achieving specific financial goals. The firm emphasizes a high-quality stock-picking approach, utilizing a proprietary framework to identify companies with strong growth potential. As a registered investment advisor, Motley Fool Wealth Management operates under a fiduciary duty, ensuring that client interests are placed above all else. They offer a range of services, including comprehensive financial planning for clients with significant assets under management, showcasing their commitment to long-term client relationships.


8. RiverFront Investment Group

  • Website: riverfrontig.com
  • Ownership type: Private
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2008
  • Headcount: 51-200
  • LinkedIn: riverfrontig

RiverFront Investment Group, based in Richmond, Virginia, is an investment management firm that specializes in providing a range of investment solutions, including asset allocation, security selection, and risk management. Founded in 2008, the firm has grown to manage approximately $10 billion in assets as of March 2024. RiverFront primarily serves financial advisors and their clients, emphasizing a consultative approach that fosters strong partnerships. The firm is notable for its commitment to community involvement and its initiatives aimed at promoting justice, equity, diversity, and inclusion within the financial services industry. Their Engage program, launched in 2019, focuses on mentoring and supporting women in finance, reflecting their dedication to improving the industry’s culture. RiverFront's investment strategies are designed to be flexible and risk-managed, catering to various investment objectives and risk tolerances. They also offer a range of products, including model portfolios, mutual funds, and custom portfolio solutions, showcasing their capability to meet the needs of their clients.


9. TCV Trust & Wealth Management

  • Website: tcvwealth.com
  • Ownership type: Family Owned
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1993
  • Headcount: 11-50
  • LinkedIn: tcv-trust-and-wealth-management

TCV Trust & Wealth Management, based in Richmond, Virginia, is a family-owned wealth management firm that has been serving clients since its inception in 1993. The company specializes in asset management, investment strategies, and trust services, catering primarily to individuals and families. TCV Trust & Wealth Management prides itself on a client-centered approach, ensuring that each client receives personalized service tailored to their unique financial goals. The firm employs experienced professionals who are dedicated to providing high-quality financial advice and support. Their services include active management of investments, IRA management, and comprehensive trust and estate administration. TCV has expanded its footprint with multiple offices across Virginia and Tennessee, reflecting its growth and commitment to serving clients in these regions. The firm operates as an independent fiduciary and fee-only wealth management company, which allows them to focus solely on the best interests of their clients without external pressures. They have not reported any funding, indicating a stable, self-sustaining business model.


10. Piedmont Fund Services

  • Website: pfsglobal.com
  • Ownership type: Private
  • Headquarters: Herndon, Virginia, United States (USA)
  • Employee distribution: Philippines 51%, United States (USA) 33%, Malaysia 9%, Other 7%
  • Founded year: 2005
  • Headcount: 51-200
  • LinkedIn: piedmont-fund-services

Piedmont Fund Services, founded in 2005 and based in Herndon, Virginia, is a private financial services company that provides comprehensive administrative and accounting services tailored for institutional and alternative investment funds. With a workforce of around 83 employees, the firm has established itself as a key player in the asset management industry. Their service offerings include fund administration, treasury management, investor relations, and middle office support, all designed to improve operational efficiency and transparency for their clients. Piedmont serves a variety of sectors, such as hedge funds, venture capital, private equity, and foundations, and has a notable focus on ESG and impact investing. The company has not reported any funding, indicating a self-sustaining business model that relies on its service capabilities and client relationships to drive growth.


11. FJ Capital Management

  • Website: fjcapital.com
  • Ownership type: Private
  • Headquarters: Mclean, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2007
  • Headcount: 11-50
  • LinkedIn: fj-capital-management

FJ Capital Management LLC, based in McLean, Virginia, is an investment management firm established in 2007. The firm specializes in the financial services sector, focusing primarily on community and regional banks. FJ Capital offers a range of investment funds and portfolio management services, catering mainly to institutional investors and high-net-worth individuals. Their flagship Financial Opportunity Fund, launched in 2008, has demonstrated strong performance even during volatile market conditions. The firm has also introduced additional funds, such as the Financial Opportunity Long/Short Fund and the Financial Hybrid Opportunity Fund, to address varying investment strategies and risk profiles. With a team of experienced professionals, FJ Capital Management is well-equipped to analyze market trends and make informed investment decisions, thereby providing clients with valuable insights and opportunities in the financial services industry.


12. Investure, LLC

  • Website: investure.com
  • Ownership type: Private
  • Headquarters: Charlottesville, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2003
  • Headcount: 11-50
  • LinkedIn: investure

Investure, LLC, founded in 2003 and based in Charlottesville, Virginia, is an investment management firm that specializes in managing assets for endowments and private foundations. The firm is dedicated to generating long-term investment performance while providing comprehensive portfolio management services. With approximately $18 billion in assets under management as of August 2024, Investure serves a select group of clients, focusing on their unique institutional needs and philanthropic missions. The company prides itself on being a full-service investment office, managing total portfolios across various asset classes. Investure operates as an independent, employee-owned firm, emphasizing integrity, excellence, and stewardship in its investment approach. Their commitment to building long-term partnerships with clients and investment managers reflects their focus on sustainable investment strategies that align with the long-term goals of the institutions they serve.


13. Cary Street Partners

  • Website: carystreetpartners.com
  • Ownership type: Private Equity
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: April 2025
  • Founded year: 2002
  • Headcount: 51-200
  • LinkedIn: cary-street-partners

Cary Street Partners, founded in 2002 and based in Richmond, Virginia, is a wealth management firm that provides a wide array of financial services. These services include financial and estate planning, asset management, and retirement services. The firm serves individuals, families, and institutions, helping them navigate their financial goals and manage their wealth effectively. Cary Street Partners has expanded its footprint with 18 offices across seven states, reflecting its growth and commitment to client service. The firm has achieved notable recognition, including being named to Barron’s List of Top 100 RIA Firms for five consecutive years and reaching $9 billion in total assets under management. Their focus on aligning client interests with their own, along with a culture that promotes positive change, positions them as a relevant player in the asset management industry.


14. Mason Investment Advisory Services, Inc.

  • Website: masoncompanies.com
  • Ownership type: Private
  • Headquarters: Reston, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1982
  • Headcount: 51-200
  • LinkedIn: the-mason-companies

Mason Investment Advisory Services, Inc. is an investment advisory firm based in Reston, Virginia, established in 1982. The company specializes in providing financial planning and investment management services tailored to the needs of private clients and institutions. With a dedicated team of professionals, Mason focuses on creating personalized financial strategies that help clients achieve their financial goals. They serve a range of clients, including individuals, families, foundations, endowments, and corporate funds. Mason is registered with the U.S. Securities and Exchange Commission as an investment advisor, ensuring compliance with industry regulations. The firm has received recognition for its consulting services, being ranked among the top institutional consulting teams, which highlights its expertise and commitment to delivering effective investment solutions. Mason also emphasizes community involvement through philanthropic initiatives, reflecting a broader commitment to social responsibility.


15. Closed-End Fund Advisors

  • Website: cefadvisors.com
  • Ownership type: Private
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1989
  • Headcount: 1-10
  • LinkedIn: closed-end-fund-advisors

Closed-End Fund Advisors (CEFA) is a private investment advisory firm based in Richmond, Virginia, established in 1989. The firm specializes in discretionary asset management, focusing on closed-end funds and business development companies. CEFA offers customized investment strategies tailored to the needs of individual and institutional clients. The firm is known for its in-depth research and analysis, which supports its investment decisions. CEFA also provides educational resources, including quarterly webinars, to help clients understand the complexities of the investment landscape. As a founding member of The Active Investment Company Alliance, CEFA demonstrates its commitment to the industry and its role in promoting the benefits of closed-end funds. The firm manages a variety of investment portfolio composites and has developed over 30 indexes to monitor the closed-end fund and business development company universe, showcasing its analytical capabilities and dedication to client service.


16. Burney Company

  • Website: burney.com
  • Ownership type: Private
  • Headquarters: Reston, Virginia, United States (USA)
  • Founded year: 1974
  • Headcount: 11-50
  • LinkedIn: the-burney-company

Burney Company, based in Reston, Virginia, is a private financial services firm that has been operational since 1974. The company specializes in investment management, wealth management, and tax planning, catering to a clientele that includes individuals, families, and institutions. With a commitment to fiduciary principles, Burney Company employs a structured investment process designed to enhance investor outcomes. The firm offers a range of services, including comprehensive financial planning, proactive tax planning, and outsourced Chief Investment Officer (CIO) services for advisory teams. Burney Company has also developed a tax-efficient U.S. equity strategy and operates a Factor Rotation ETF, showcasing its innovative approach to asset management. The firm has been recognized in multiple industry rankings, reflecting its standing and expertise in the financial services sector.


17. PagnatoKarp

  • Website: pagnatokarp.com
  • Ownership type: Family Owned
  • Headquarters: Reston, Virginia, United States (USA)
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: pagnato-karp

PagnatoKarp, now known as Cresset, is a family-owned wealth management firm based in Reston, Virginia, founded in 2016. The firm specializes in providing comprehensive financial advisory and family office services tailored to ultra-high-net-worth individuals and entrepreneurs. Their expertise lies in liquidity planning, investment management, and tax strategies, which help clients navigate the complexities of wealth management. Cresset has built a reputation for its innovative approach, emphasizing transparency and a client-first philosophy. The firm has received numerous accolades, including recognition from Barron’s and Forbes as a top advisory firm, reflecting its commitment to excellence in the industry. With a team of experienced professionals, Cresset aims to optimize the financial lives of its clients, ensuring they achieve their wealth management goals.


18. Toth Financial Advisory Corporation


Toth Financial Advisory Corporation, based in Leesburg, Virginia, is a financial advisory firm that has been serving clients since 1986. The company specializes in creating customized investment portfolios and providing comprehensive financial planning services tailored to high net-worth individuals. With a team of experienced professionals, Toth Financial emphasizes personalized service, ensuring that each client's unique financial goals and risk tolerance are considered in their investment strategies. The firm operates on a fee-only basis, which promotes transparency and aligns their interests with those of their clients. Toth Financial has built a reputation for trust and integrity, focusing on long-term relationships and the financial well-being of their clients. Their approach combines individual stock investments with a long-term buy-and-hold strategy, aiming to navigate market complexities while securing clients' legacies. Over the years, they have developed a strong presence not only in the Washington DC metropolitan area but also across the nation and internationally, reflecting their commitment to expanding their reach and impact in the financial advisory industry.


19. Millennium Advisory Services, Inc., a HUB International company

  • Website: mas-edu.com
  • Ownership type: Corporate
  • Headquarters: Glen Allen, Virginia, United States (USA)
  • Latest funding: September 2021
  • Founded year: 2001
  • Headcount: 11-50
  • LinkedIn: millennium-advisory-services

Millennium Advisory Services, Inc., a HUB International company, is a financial advisory firm based in Glen Allen, Virginia. Founded in 2001, the firm specializes in financial planning and asset management, primarily serving employees of colleges and universities, as well as individual clients. They offer a range of services including retirement plan sponsor services, investment strategies, and financial planning tailored to the unique needs of their clients. The firm operates on a fee-only basis, which promotes transparency and objectivity in financial advice. Millennium has been recognized in the industry, notably being named among NAPA's Top DC Advisor Teams in multiple years, reflecting their commitment to excellence in service delivery. Their approach emphasizes building long-term relationships with clients, ensuring that financial plans are not only created but also monitored and adjusted as needed over time.


20. Corbett Road Wealth Management

  • Website: corbettroad.com
  • Ownership type: Private
  • Headquarters: Mclean, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2002
  • Headcount: 11-50
  • LinkedIn: corbettroad

Corbett Road Wealth Management, based in McLean, Virginia, is a private wealth management firm that has been operational since 2002. The company specializes in customized investment management and financial planning services, primarily catering to clients who are part of the 'working wealthy' demographic. Their approach is characterized by a proprietary tactical investment management strategy, which is complemented by a comprehensive financial planning process. Corbett Road emphasizes the importance of understanding the human element in financial decision-making, recognizing that individual attitudes and behaviors significantly influence financial success. The firm offers various levels of client relationships and services, ensuring that they meet the unique needs of each client. They also provide a wealth of educational resources, including newsletters, podcasts, and market updates, to keep clients informed and engaged. With a team of experienced professionals, Corbett Road is committed to helping clients achieve their financial goals while preserving their wealth for future generations.


21. Commonwealth Fund Services, Inc.

  • Website: ccofva.com
  • Ownership type: Private
  • Headquarters: Richmond, Virginia, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1984
  • Headcount: 11-50
  • LinkedIn: commonwealth-fund-services

Commonwealth Fund Services, Inc., based in Richmond, Virginia, has been a key player in the financial services sector since its founding in 1984. The company specializes in fund administration and accounting, offering a range of services that include fund accounting, transfer agency, and compliance for mutual funds and exchange-traded funds (ETFs). With a dedicated team of approximately 21 employees, Commonwealth Fund Services prides itself on its ability to provide customized solutions tailored to the specific needs of its clients, which primarily consist of investment managers and financial institutions. Their expertise extends to servicing various asset classes and supporting international investments, showcasing their adaptability in a constantly evolving industry. The firm has built a reputation for its commitment to integrity and cost-effective service delivery, which has allowed it to thrive in a competitive environment. Notably, they have not reported any recent funding, indicating a stable operational model that relies on their established client relationships and service offerings.


22. Clockwork

  • Website: clockwork.app
  • Ownership type: Private
  • Headquarters: Charlottesville, Virginia, United States (USA)
  • Employee distribution: Mexico 42%, United States (USA) 26%, Uruguay 26%, Other 6%
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: clockworkapp

Clockwork, founded in 2016 and based in Charlottesville, Virginia, is an investment management firm that specializes in alternative investments. The company offers a digital platform designed to streamline the management of private investments for individual investors, family offices, and financial advisors. Their services include portfolio monitoring, transaction management, and performance tracking, all aimed at providing clients with a comprehensive view of their investments. Clockwork has developed a proprietary technology platform, Clockwork Universe, which integrates various data sources to facilitate informed decision-making. The firm has seen significant engagement, managing over $6 billion in portfolio value across thousands of investments and transactions. With a global team of investment professionals and a focus on enhancing the efficiency of private investment operations, Clockwork is positioned to address the evolving needs of investors in today's market.



Asset Management Insights: Key Companies in Virginia


CompanyHeadquarterSizeFoundedOwnership
Quantitative Investment ManagementCharlottesville, Virginia, United States (USA)11-502003Private
The London CompanyRichmond, Virginia, United States (USA)51-2001994Private
Richmond Capital ManagementRichmond, Virginia, United States (USA)11-501987Corporate
Glassman Wealth ServicesVienna, Virginia, United States (USA)11-502009Private
Capitol Securities Management Inc.Reston, Virginia, United States (USA)201-5001981Private
BrockenbroughRichmond, Virginia, United States (USA)11-501970Private
Motley Fool Wealth ManagementAlexandria, Virginia, United States (USA)51-2001993Private
RiverFront Investment GroupRichmond, Virginia, United States (USA)51-2002008Private
TCV Trust & Wealth ManagementRichmond, Virginia, United States (USA)11-501993Family Owned
Piedmont Fund ServicesHerndon, Virginia, United States (USA)51-2002005Private
FJ Capital ManagementMclean, Virginia, United States (USA)11-502007Private
Investure, LLCCharlottesville, Virginia, United States (USA)11-502003Private
Cary Street PartnersRichmond, Virginia, United States (USA)51-2002002Private Equity
Mason Investment Advisory Services, Inc.Reston, Virginia, United States (USA)51-2001982Private
Closed-End Fund AdvisorsRichmond, Virginia, United States (USA)1-101989Private
Burney CompanyReston, Virginia, United States (USA)11-501974Private
PagnatoKarpReston, Virginia, United States (USA)11-502016Family Owned
Toth Financial Advisory CorporationLeesburg, Virginia, United States (USA)11-501986Private
Millennium Advisory Services, Inc., a HUB International companyGlen Allen, Virginia, United States (USA)11-502001Corporate
Corbett Road Wealth ManagementMclean, Virginia, United States (USA)11-502002Private
Commonwealth Fund Services, Inc.Richmond, Virginia, United States (USA)11-501984Private
ClockworkCharlottesville, Virginia, United States (USA)11-502016Private


Want to Find More Asset Management Companies?

If you want to find more companies that provide investment management, financial planning, and strategic advisory services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.

With Inven you'll also get to know the company's:

  • Detailed Ownership: Who owns the company? Is it a public or private company? What is the ownership structure?
  • Contact data: Who are the founders and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!