Pettyjohn, Wood & White, Inc.

Pettyjohn, Wood & White, Inc. is a team-based investment adviser that manages approximately $853.8 million and provides discretionary portfolio management primarily for individuals and families, including high net worth clients, as well as trusts, estates, qualified retirement plans, charities and foundations. The firm’s five portfolio managers conduct day-to-day account oversight and offer ongoing reporting and client consultation consistent with individualized management agreements.

The firm emphasizes customized, balanced portfolios that mix direct ownership of individual equities with investment-grade fixed income, and uses ETFs or mutual funds selectively for diversification and efficiency. Fixed income is generally managed as a passive ladder to provide cash flow and limit volatility, while equity selection combines bottom-up fundamental analysis with top-down sector considerations tailored to each client’s time horizon, tax situation and liquidity needs.

Pettyjohn, Wood & White operates as a wholly owned subsidiary of Bank of the James Financial Group, a relationship the brochure notes is a source of occasional client overlap and referral for bank products and brokerage services provided through the bank’s Investment Division and a third-party broker-dealer arrangement. The firm also describes operational features that distinguish it from many peers — for example, reliance on Schwab as its primary custodian, use of standing letters of authorization and an affiliated bill‑payment service for some clients (arrangements that create custody considerations), and submission to annual surprise custody examinations.