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
Charlottesville, VA 22901
Credentials
ChFC®, Series 63, Series 66
Industry experience
28 years
Stephen Purdy is a ChFC® credentialed financial advisor with 28 years of industry experience, currently serving at Virginia Investment Advisory, Inc. He previously worked at Osaic Wealth, Inc. and American Portfolios Financial Services, Inc. Outside of his advisory role, Purdy is a personnel committee member at Olivet Presbyterian Church and president of an insurance agency specializing in fixed and property & casualty insurance. 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 featuring asset allocation, diversification, and risk management through fundamental and technical analysis, offering both discretionary and non-discretionary portfolio management.
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
90 Whitewood Road Suite 1
Charlottesville, VA 22901
Virginia
OSAIC
2024 - Present (2 years)
American Portfolios Financial Services, Inc.
2004 - 2024 (20 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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Ulmer Financial
Ulmer Financial brings together your investments and tax preparation in one place, so you don’t have to deal with multiple advisors. Our goal is to make managing your money and filing your taxes easier. I became fascinated by investing at a young age and bought my first stock when I was 10 years old. Despite its importance, I have found that personal finance is rarely talked about and people are often ill-equipped to plan for their futures. I decided to become a financial planner to help solve this problem. I am passionate about making financial planning accessible to my clients and helping them invest to achieve their goals. I also enjoy making clients' lives easier by streamlining their investments and tax preparation. Before starting Ulmer Financial in 2022, I worked as an assistant to a financial planner where I created and operated our investment management process, researched a variety of financial planning issues, and served clients. I have a BS in Commerce from the University of Virginia's McIntire School of Commerce and am a CERTIFIED FINANCIAL PLANNER (TM) professional. I am also an Enrolled Agent admitted to practice before the Internal Revenue Service. The most important thing in my life is my relationship with Jesus Christ. I seek to glorify Jesus Christ and make Him known, as I help individuals steward their finances.
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