Advanta Wealth Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$31,347,124
Total clients
114
6% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
114
Average account size
$274,975
About
Advanta Wealth Management provides financial planning and discretionary investment management to individuals and families, with options for planning-only engagements, combined wealth management, and limited-scope retirement account reviews. Client assets are held at independent custodians and the firm works with each client to establish investment objectives, risk tolerance, and an appropriate portfolio strategy.
The firm relies primarily on fundamental analysis and constructs portfolios using individual stocks and bonds as well as mutual funds and ETFs, and it typically exercises discretionary authority to implement investment decisions. Advanta Wealth may deploy third‑party investment technology and model portfolios and has a sub‑advisor arrangement for tax‑efficient strategies and tax‑loss harvesting while retaining oversight and performing periodic account reviews.
Noteworthy operational details include the use of a third‑party sub‑advisor (55ip) and participation in the Schwab Institutional program, which provide execution, reporting, and platform benefits that the firm discloses as potential conflicts of interest. The brochure also discloses practices such as direct fee deduction and the use of standing letters of authorization (constructive custody), and states that the firm does not aggregate multiple client orders, which may affect trade allocation and execution for clients.
Client services
Fee options
$600 per year for Retirement Account Review, payable monthly in arrears
$0 - $2,000,000: 1.25% annually $2,000,001 - $5,000,000: 1.00% annually $5,000,001+: 0.75% annually
Account minimum: $500,000 for Level 2 financial planning services in wealth management engagement
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
Advanta Wealth Management
828 Main St, Suite 1601
Lynchburg VA 24504, United States
Number of offices
2
Forms ADV
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