An experienced financial advisor serving clients in Williamsburg, Richmond, and virtually across the country, Mark Fonville takes pride in assisting individuals and families aged 50 plus transition from work to retirement through finely tuned, highly customized financial planning strategies.
As the President of Covenant Wealth Advisors, he focuses on maintaining a culture of highly motivated and experienced team members, constantly enhancing our client's advisory experience, and delivering custom tailored advice that helps our clients to and through retirement without the stress of money.
Mark's firm provides advice on all facets of retirement income planning including personalized investment management, retirement cash flow projections, tax planning, social security benefits analysis, healthcare expense planning including long-term care, and most importantly, planning for a great lifestyle in retirement.
Prior to joining the firm, Mark served as the Regional Director for Loring Ward, an investment management firm located in San Jose, CA with over $17 billion in assets. There, Mark served on the leadership team and provided investment strategy and consulting to some of the most experienced financial advisors in the country.
Mark is a trusted resource for the media having been featured in The New York Times, Forbes, Barron's, and Kiplinger Magazine. He is an accomplished public speaker on investment management and strategy and has spoken across the country at events for the Financial Planning Association, New York Life, Commonwealth Financial, Cambridge Investment Research, among others.
Personal and Family
Mark and his wife Katherine enjoy spending time with their three children AnneClare, Charlotte, and Hudson.
He attends St. Mary's Church in Richmond, VA and enjoys boating and fishing near the Northern Neck of Virginia, exercise, and an occasional glass of wine or micro brew.
Professional Designations
CERTIFIED FINANCIAL PLANNER ®
Affiliations
BBB Accredited Business
Fee Only Network
Financial Planning Association
National Association of Personal Financial Advisors
Primary Location
8001 Franklin Farms Drive, RM 208, Richmond, VA 23229
Additional Locations
📍 351 McLaws Circle, Suite 1, Williamsburg, VA 23185
📍 1768 Business Center Drive, Suite 120, Reston, VA 20190
Click the 'Book Intro Call' button above to schedule your free, no obligation intro meeting. If you're ready to take the first step towards a worry-free retirement, schedule your personal consultation today—absolutely free! This is a free, no-obligation retirement consultation reserved for investors with over $1 million in savings and investments (excluding real estate).
Offers Investment Management
Yes
About Covenant Wealth Advisors
Founded in 2010, Covenant Wealth Advisors is an award winning* independent, fee-only wealth management firm and financial planner located in Richmond, Reston, and Williamsburg, VA. We help individuals age 50 plus achieve financial peace of mind leading up to and through retirement. Our wealth management services help individuals enjoy life without the stress of money.
As our name implies, we pledge to always put client interests first.
Rather than simply sell products, we take the time to personalize strategies around your total financial life. As a fee-only firm, we never charge commissions or accept third-party payments. While experience and technology drives our work, we're driven by real relationships and transparent communication. A culture of learning, teamwork, and dedication to always doing what's right for our clients drives Covenant's people.
Why We're Different
✔️ Fiduciary Financial Advisors
Fiduciary financial advisors are required by law to always put your best interests first.
✔️ Fee-Only (no commissions)
Our fee-only financial planners never earn hidden fees or commissions. This reduces conflicts of interest.
✔️ Credentialed and Experienced Advisors
Your team will include a CERTIFIED FINANCIAL PLANNER™ professional, a CPA, and a client service manager
You no longer have to stress about retirement
You deserve financial advice that puts your interests first. As your fee-only financial planner, you'll never have to worry about hidden fees or commissions influencing the guidance you receive.
When you partner with our experienced wealth advisors, you gain a dedicated team focused on helping you reach your unique financial goals. Our high client retention rates show just how many people like you have found lasting value in our partnership.
You can rest easy knowing your financial future is in the hands of a fiduciary advisor - we're legally bound to put your interests first in every decision we make. This commitment to your success sets your experience apart from traditional financial firms.
With transparent communication and personalized attention at every step, you'll always understand exactly how your financial strategy aligns with your goals. Think of us as your financial teammate, working alongside you to help build the future you envision.
Ready to experience what makes working with a dedicated fiduciary advisor different? Let's start a conversation about your financial future.
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USA Today’s 2025 ranking is compiled by Statista and based on the growth of the companies’ assets under management (AUM) over the short and long term and the number of recommendations they received from clients and peers. Covenant was selected on March 19th, 2025. No compensation was paid for this ranking. See USA state ranking here.See USA Today methodology here. See USA Today for more information.