Piedmont Wealth Management

Piedmont Wealth Management is a fee-only financial planning and investment management firm that operates as a wholly owned subsidiary of Burke & Herbert Financial Services Corp. It provides personalized financial planning, discretionary and non-discretionary portfolio management, and consulting to a mix of trusts, foundations, pension plans and corporate/household accounts, overseeing roughly $156 million in assets across several hundred accounts while using percentage-of-AUM billing and customary custody arrangements.

The firm develops investment policy statements with clients, implements one of several proprietary asset-allocation strategies (ranging from capital preservation to maximum growth), and monitors accounts on an ongoing basis; clients may elect discretionary authority and the firm articulates tax-aware fixed-income positioning and portfolio transition practices. Financial planning is offered as standalone or ongoing work, and consulting engagements are available outside traditional asset management services.

What distinguishes the firm is its corporate and professional affiliations: it is under common ownership with a regional banking organization and shares employees with that bank, and a principal operates an independent accounting/tax practice that may provide services to clients — affiliations and cross-referral arrangements the brochure discloses and seeks to manage. The firm’s client mix and operating structure emphasize institutional and trust/corporate relationships and coordinated services with affiliated financial and accounting entities rather than a primary focus on retail individual (non‑HNW or HNW) households.