DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Virginia Wealth Management Group, Inc.
Latest filing Sep 9, 2026
First filing on the tape Oct 23, 2020 · 9 filings
SEC status approved since Nov 23, 2020
RAUM
$394M
reported, Item 5.F
Discretionary
66%
of RAUM
Private clients
100%
$393M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$131M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$394M as of Feb 6, 2026
Mar 10, 2021$200M then
HNW client RAUM$362M as of Feb 6, 2026
Mar 10, 2021$181M then
State-registered IARs (5.B.3)3 as of Feb 6, 2026
Mar 10, 20212 then
Employees (5.A)4 as of Feb 6, 2026
Mar 10, 20213 then
Private funds: no history
RAUM +13% over the last fiscal year+13% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Sep 9, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $131MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 39derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $8.6MderivedHNW RAUM over HNW clients
- Average account
- $987,045derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 66%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.6%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $374MreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$362M92%
- Individuals$31.6M8.0%
- Corporations and businesses$247,8990.1%
- Charitable organizations$192,3950.0%
- Individual clients
- 75reported
- HNW clients
- 42reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 399reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Scott Richard SaalCertified Financial Planner | Virginia Beach, Va | Feb 11, 2021 | 16 y | 1 |
| Stephen Raymond Saal | Virginia Beach, Va | Feb 11, 2021 | 45 y | 3 |
| Wade S Williard | Virginia Beach, Va | May 28, 2022 | 12 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Scott Richard Saal from Wells Fargo AdvisorsFeb 11, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Stephen Raymond Saal from Wells Fargo AdvisorsFeb 11, 2021 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Wells Fargo AdvisorsFeb 12, 2021 · Virginia Beach, Va
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Richard Scott Saal · President, Treasurer & Chief Compliance Officercontrolsince 10/2020 · owns 50% to 75%
- Raymond Stephen Saal · Vice President, Secretarycontrolsince 10/2020 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Virginia Beach, Va · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Sep 9, 2026HNW RAUM per HNW client of $8,614,870 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 4.2 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Feb 6, 2026 to Sep 9, 2026
- Related adviser · false to unsetFeb 6, 2026 to Sep 9, 2026
- Related bank · false to unsetFeb 6, 2026 to Sep 9, 2026
- Related broker-dealer · false to unsetFeb 6, 2026 to Sep 9, 2026
- Related insurance company · false to unsetFeb 6, 2026 to Sep 9, 2026
- Succession · false to unsetFeb 6, 2026 to Sep 9, 2026
- Accounts · 379 to 399Nov 6, 2025 to Feb 6, 2026
- HNW clients · 40 to 42Nov 6, 2025 to Feb 6, 2026
- Individual clients · 74 to 75Nov 6, 2025 to Feb 6, 2026
- Financial planning clients · 1-10 to 0Nov 6, 2025 to Feb 6, 2026
- Discretionary RAUM · $225M to $258MNov 6, 2025 to Feb 6, 2026
- HNW RAUM · $323M to $362MNov 6, 2025 to Feb 6, 2026
- Individual RAUM · $26.0M to $31.6MNov 6, 2025 to Feb 6, 2026
- Non-discretionary RAUM · $124M to $136MNov 6, 2025 to Feb 6, 2026
- RAUM · $349M to $394MNov 6, 2025 to Feb 6, 2026
- Accounts · 371 to 379Mar 22, 2024 to Mar 17, 2025
- HNW clients · 36 to 40Mar 22, 2024 to Mar 17, 2025
- Individual clients · 75 to 74Mar 22, 2024 to Mar 17, 2025
- Financial planning clients · 0 to 1-10Mar 22, 2024 to Mar 17, 2025
- Discretionary RAUM · $175M to $225MMar 22, 2024 to Mar 17, 2025
- HNW RAUM · $273M to $323MMar 22, 2024 to Mar 17, 2025
- Individual RAUM · $25.8M to $26.0MMar 22, 2024 to Mar 17, 2025
- Non-discretionary RAUM · $125M to $124MMar 22, 2024 to Mar 17, 2025
- RAUM · $300M to $349MMar 22, 2024 to Mar 17, 2025
- Accounts · 352 to 371Mar 8, 2023 to Mar 22, 2024
- HNW clients · 30 to 36Mar 8, 2023 to Mar 22, 2024
- Individual clients · 72 to 75Mar 8, 2023 to Mar 22, 2024
- Discretionary RAUM · $203M to $175MMar 8, 2023 to Mar 22, 2024
- HNW RAUM · $247M to $273MMar 8, 2023 to Mar 22, 2024
- Individual RAUM · $25.4M to $25.8MMar 8, 2023 to Mar 22, 2024
- Non-discretionary RAUM · $71.2M to $125MMar 8, 2023 to Mar 22, 2024
- RAUM · $274M to $300MMar 8, 2023 to Mar 22, 2024
- Accounts · 306 to 352Mar 23, 2022 to Mar 8, 2023
- Advisory employees · 2 to 3Mar 23, 2022 to Mar 8, 2023
- HNW clients · 29 to 30Mar 23, 2022 to Mar 8, 2023
- Individual clients · 60 to 72Mar 23, 2022 to Mar 8, 2023
- State-registered IARs · 2 to 3Mar 23, 2022 to Mar 8, 2023
- Discretionary RAUM · $157M to $203MMar 23, 2022 to Mar 8, 2023
- HNW RAUM · $231M to $247MMar 23, 2022 to Mar 8, 2023
- Individual RAUM · $23.4M to $25.4MMar 23, 2022 to Mar 8, 2023
Signals
1 dated events
- Virginia Wealth Management Group, Inc. filed its initial SEC registration (Form ADV)Oct 23, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@vwmg.netreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 757-963-1823reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- vwmg.netreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 757-963-1823reportedpublic record, Form ADV, Sep 9, 2026
- Contact form
- vwmg.net/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- vwmg.net/about/teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $131Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026