Advisor at Virginia Investment Advisory, Inc.
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Firm
Virginia Investment Advisory, Inc.
Location
Richmond, VA 23230
Credentials
Series 63, Series 65
Industry experience
43 years
Craig Smelley is a financial advisor with Virginia Investment Advisory, Inc. He holds Series 63 and Series 65 licenses and has 43 years of industry experience. He has been associated with American Portfolios Financial Services, Inc. since 2004 and with Virginia Investment Advisory since 1995. Smelley is also a licensed insurance agent. Virginia Investment Advisory provides wealth management and advisory services to individuals, trusts, estates, retirement plans, charitable organizations, and businesses. The firm emphasizes a goal-driven process focused on asset allocation, diversification, and risk management, utilizing fundamental, technical, and chart analysis alongside access to third-party manager networks and fund platforms.
Based on Virginia Investment Advisory, Inc.
Component financial plans typically range from $800 to $2,400; up to half collected at engagement, balance at completion
$0 - $1,000,000: 1.00% (100 basis points) $1,000,001 - $5,000,000: 0.50% (50 basis points) $5,000,001+: 0.40% (40 basis points) $0 - $250,000: 0.75% (75 basis points) $250,001 - $500,000: 0.60% (60 basis points) $500,001 - $1,000,000: 0.48% (48 basis points) $1,000,001 - $3,000,000: 0.36% (36 basis points) $3,000,001+: 0.30% (30 basis points) $0 - $500,000: 1.50% (150 basis points) $500,001 - $1,000,000: 1.25% (125 basis points) $1,000,001 - $2,000,000: 1.00% (100 basis points) $2,000,001+: 0.75% (75 basis points) $0 - $500,000: 1.00% (100 basis points) $500,001 - $1,000,000: 0.75% (75 basis points) $1,000,001 - $2,000,000: 0.65% (65 basis points) $2,000,001+: 0.50% (50 basis points) $0 - $250,000: 0.75% (75 basis points) $250,001 - $499,999: 0.60% (60 basis points) $500,000 - $1,999,999: 0.50% (50 basis points) $2,000,000 - $2,999,999: 0.40% (40 basis points) $3,000,000+: 0.30% (30 basis points)
$400 per hour for consulting and financial planning services
Retainer consulting fees charged at 0.30% of asset value annually, payable quarterly, with a minimum of $12,000 per annum
Account minimum: $100,000 for mutual fund-based portfolios; $250,000 for individual stock and bond portfolios (exceptions may be made as a courtesy) Minimum fee: Minimum retainer fee of $12,000 per annum for retainer based consulting Fee-only: Fees typically range from $800 to $3,200 on a project basis; hourly rate of $400; retainer fee of 0.30% of asset value with $12,000 minimum per annum
3410 Cutshaw Avenue
Richmond, VA 23230
Florida · North Carolina · Virginia
American Portfolios Financial Services, Inc.
2004 - Present (22 years)
IA Virginia Investment Advisory
1995 - Present (31 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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