Spark Financial Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Spark Financial Advisors works with individual clients (including both high-net-worth and non‑HNW individuals), charitable organizations, and employers, offering wealth management, investment management, comprehensive financial planning, employee benefit plan services, and outsourced/co‑planning services for other registered advisers. The firm also provides a discretionary investment management option and a fiduciary adviser service to retirement plan participants as part of its employer-plan work.
The firm emphasizes passive, diversified portfolios built with low-cost index mutual funds and ETFs, supplemented by fundamental analysis for security selection and by offering socially responsible (ESG/impact) options when clients request values-based investing. Client engagements are documented with investment policy statements, and services are delivered through a mix of upfront planning fees, ongoing asset-based retainers, and monthly or project-based planning fees that are adjusted for complexity.
Distinctive elements include a fee-only model with no commissions or referral fees and adoption of a NAPFA-style fiduciary oath and professional standards, along with the capability to provide outsourced financial planning to other RIAs and a formalized employee-plan fee schedule. The firm’s brochure also discloses a resolved administrative enforcement matter in Pennsylvania (April 17, 2024) that concluded with a consent order and a $9,000 assessment, and notes the firm is registered and authorized to operate in that jurisdiction.
Client services
Expertise
Occupation focus
Demographic focus
Fee options
Upfront financial planning fee ranging from $0 to $6,000 depending on complexity (negotiable)
$0 - $1,000,000: 1.0% $1,000,001 - $5,000,000: 0.75% $5,000,001 - $7,000,000: 0.5% $7,000,001+: 0.25%
Financial planning hourly fee of $300 per hour (negotiable)
Comprehensive financial planning ongoing monthly fee $0-$3,000 depending on complexity (negotiable); outsourced financial planning monthly fee $2,000-$5,000 (negotiable)
Minimum fee: Minimum annual fee of $3,000 for new Plan Sponsor clients; minimum fee of $6,000 annually for Wealth Management and Comprehensive Investment Management clients Fee-only: Financial planning hourly fee of $300 per hour (negotiable); outsourced financial planning monthly fees $2,000-$5,000 (negotiable) plus $300/hour for additional work
Main office
7130 Glen Forest Drive, Suite 110
Richmond VA 23226
Advisors at this office
3
Most active in
North Carolina · Pennsylvania · Texas · Virginia
Also doing business as
Spark Financial Advisors · Spark Financial Advisors, LLC
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.
Quick links
Advisors at this firm
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