Legal Disclosure
The information found on this web site reflects the thoughts and opinions of Fonville Wealth Management, DBA Covenant Wealth Advisors "CWA" and is protected by copyright.
No part of the web site may be modified, distributed, posted, or transmitted without the prior written consent of CWA. Opinions and thoughts found in this site constitute the judgment of CWA and are subject to change without notice.
The information provided on this website is intended for informational, educational, and noncommercial purposes only. Nothing in this web site is intended to constitute legal, tax, securities, investment advice, or an opinion regarding the appropriateness of any investment or service for any individual or investor and should not be relied upon in making an investment decision. You should consult your tax or legal adviser about the issues discussed herein.
You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of any data, information, or content on this site before making any decisions based on such data, information, or content. In exchange for using such data, information, or content, you agree not to hold CWA or its third party content providers liable for any possible claim for damages arising from any decision you make based on information made available to you through this site.
CWA will only transact business in states in which the firm is properly registered, or exempted from registration requirements. Nothing in this site is intended as an offer or solicitation for the purchase or sale of any financial instrument.
CWA believes the information provided on this site has been obtained from reliable sources, but accuracy, completeness and suitability for any purpose cannot be guaranteed. The information on this site is not intended to be a complete description of the services of CWA.
Links to other website or references to other products, services, or publications do not imply the endorsement or approval of such by CWA. Third-party websites reached through links from this website may have privacy and security policies that differ from ours. CWA is not responsible for any damages that may result from visiting a site that is linked to this site.
All references that may be made to an investment or portfolio’s performance are based on historical data and one should not assume that past performance is indicative of future performance. Furthermore, it should not be assumed that any investment product or strategy directly or indirectly (through links) mentioned in this site will be appropriate or profitable to any particular investor, or deliver investment performance equal to the past.
Investing entails risks, including possible loss of principal. There are special risk considerations associated with value strategy investing, international investing (including emerging markets), and small company investing. No assurances or guarantees are given regarding the performance of any investment. Returns, share price, and yield will fluctuate and redemption value may be more or less than original cost.
Awards & Recognition
Covenant Wealth Advisors was nominated by Inc. 5000 on Tuesday, August 12, 2025 as one America's fastest growing private companies. Companies on the 2025 Inc. 5000 list are ranked according to their percentage revenue growth over three years, from 2021 to 2024. To qualify, companies must be privately held, for-profit, based in the U.S., and independent (not subsidiaries or divisions of other companies) as of December 31, 2024. Since then, some companies on the list may have gone public or been acquired. Companies must have been founded and generating revenue by March 31, 2021. The minimum revenue requirement is $100,000 for 2021 and $2 million for 2024. All honorees must pass Inc.’s editorial review. See full methodology.
Covenant Wealth Advisors was nominated by Newsweek/Plant-A-Insights Group in November of 2025 as one of America's Top Financial Advisory Firms for 2026. You may access the nomination methodology disclosure here and a list of financial advisory firms selected.
Covenant Wealth Advisors was nominated by Newsweek/Plant-A-Insights Group in November of 2024 as one of America's Top Financial Advisory Firms for 2025. You may access the nomination methodology disclosure here and a list of financial advisory firms selected.
CWA was nominated for the Forbes Best-In-State Wealth Advisor 2025 ranking for Virginia in April of 2025. Forbes Best-In-State Wealth Advisor full ranking disclosure. Read more about Forbes ranking and methodology here.
USA Today’s 2025 ranking is compiled by Statista and based on the growth of the companies’ assets under management (AUM) over the short and long term and the number of recommendations they received from clients and peers. Covenant was selected on March 19th, 2025. No compensation was paid for this ranking. See USA state ranking here. See USA Today methodology here. See USA Today for more information.
CWA was awarded the #1 fastest growing company by RichmondBizSense on October 8th, 2020 based on three year annual revenue growth ending December 31st, 2019. To qualify for the annual RVA 25, companies must be privately-held, headquartered in the Richmond region and able to submit financials for the last three full calendar years. Submissions were vetted by Henrico-based accounting firm Keiter.
Expertise.com voted Covenant Wealth Advisors as one of the best financial advisors in Williamsburg, VA and best financial advisors in Richmond, VA for 2025 last updated as of this disclosure on February 12th, 2025 based on their proprietary selection process.
CWA is a member of the Better Business Bureau. We compensate the BBB to be a member and our BBB rating is independently determined by the BBB.
CWA did not compensate any of the entities above for the awards or nominations. These award nominations were granted by organizations that are not CWA clients. However, CWA has compensated Newsweek/Plant-A Insights Group, Forbes/Shook Research, and USA Today/Statista for licensing and advertising of the nomination and compensated Expertise.com to advertise on their platform.
While we seek to minimize conflicts of interest, no registered investment adviser is conflict free and we advise all interested parties to request a list of potential conflicts of interest prior to engaging in a relationship.
Chart and Slide Disclosures:
Purpose & audience. This content is for general information and education only. It does not constitute personalized investment, tax, or legal advice, an offer to sell, or a solicitation to buy any security. All investing involves risk, including the risk of loss. Results will vary for each investor.
What you’re viewing. Unless stated otherwise, charts on this page show market or index data—not the results of any Covenant Wealth Advisors portfolio or client account. Market indexes are unmanaged, cannot be invested in directly, and do not reflect advisory fees, trading costs, taxes, or the impact of cash flows. Any returns shown are typically total returns (dividends/interest reinvested), but please see chart footnotes for the precise calculation. Your actual results will differ.
Data sources & assumptions. Data come from third‑party sources we believe to be reliable (e.g., index providers, academic datasets, government series). Historical “back‑filled” or reconstructed series may be used for periods before formal index inception and should be viewed as estimates. Methodologies, index constituents, and calculation practices may change without notice. All figures are as of the date indicated and are subject to revision.
Limitations & risks. Long‑term market charts can obscure the severity and length of interim drawdowns; short‑term charts can over‑emphasize recent moves. Equity markets can be volatile and have experienced losses exceeding 50%; bond prices can decline when interest rates rise; inflation reduces purchasing power. Past performance is not indicative of future results.
Comparisons. Comparisons between an index and a managed strategy are for context only. Because indexes do not incur fees or trading costs, index returns are higher than the net returns an investor would have achieved in a comparable, real‑world investment.
Subset or segment results. If a slide shows the performance of a subset of a market (e.g., a sector, factor, or “ex‑[group]” segment), we will provide the corresponding total index results through the most recent period for which we have data promptly upon request so you can evaluate the subset in context. Email info@mycwa.com.
Hypothetical or model outputs. If any slide includes projections, scenarios, back‑tests, or other hypothetical results, they are shown for illustration, rely on assumptions that may not materialize, and have inherent limitations; they are not guarantees of future outcomes. Where used, we will describe key inputs, assumptions, and limitations, and we tailor such material to the likely financial situation and objectives of the intended audience.
Regulatory note. The SEC has not approved or reviewed the calculations or presentation of any performance shown. Covenant Wealth Advisors is an SEC‑registered investment adviser; registration does not imply a certain level of skill or training.
Intellectual property. All third‑party trademarks (e.g., S&P 500®) belong to their owners and are used for reference only.