Advisor at Petra Wealth Management
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Firm
Petra Wealth Management
Location
Fredericksburg, VA
Credentials
Series 63, Series 65
Industry experience
6 years
David Thompson is a financial advisor at Petra Wealth Management with six years of industry experience. He holds Series 63 and Series 65 licenses and previously worked at Sovereign Capital Vantage, Inc. for five years. Outside of finance, he was involved with Prestige Ballroom LLC for seven years. Petra Wealth Management is a fee-only registered investment adviser serving individuals, trusts, small businesses, and a diverse range of institutional and nonprofit clients. The firm develops client-specific investment policies and manages portfolios on a discretionary basis, combining fundamental and technical analysis while offering extensive planning services including business planning, divorce financial analysis, and estate planning support.
Based on Petra Wealth Management
up to 1.75% annually (flat rate, negotiable)
$250 per hour for financial planning services.
Account minimum: $100,000 Fee-only: Fee-only firm; compensation solely from clients for advisory services; no commissions or sales-related compensation.
Fredericksburg, VA
Virginia
Petra Wealth Management, LLC
2024 - Present (2 years)
Sovereign Capital Vantage, Inc.
2019 - 2024 (5 years)
Prestige Ballroom LLC
2013 - 2020 (7 years)
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Is not active or affiliated with:
Insurance agent
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Broker-dealer / trader
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Bank
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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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