Virginia Global Asset Management, LLC
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About
Virginia Global Asset Management is a small advisory firm run by a two-advisor team that provides discretionary and non‑discretionary portfolio management, financial planning (broad-based and modular), and services for trusts and retirement accounts. The firm manages about $26.3 million for a limited roster of clients and serves both individual (including high‑net‑worth) and institutional clients.
The firm’s investment approach combines top‑down macro analysis with bottom‑up fundamental research and a contrarian orientation, seeking to outperform the S&P 500 over a market cycle. Portfolios are often concentrated in three to four sectors with multi‑year holding horizons, and the firm varies equity beta, sector exposure, and fixed‑income allocations while using ETFs (including inverse ETFs) for hedging and implementation when appropriate.
Among features that distinguish the firm from many peers of similar size are active public outreach — periodic educational seminars and paid television and digital advertising — and a recent addition of a branch office, reflecting an emphasis on client education and growth beyond referral channels. The firm maintains a very small client roster that allows individualized oversight, highlights a CFA charterholder among its principals along with an adviser who brings technology/operations experience, and does not vote client proxies on clients’ behalf.
Client services
Expertise
Fee options
$0 - $250,000: 1.25% $250,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.75% $5,000,001 - $10,000,000: 0.50% $10,000,001+: Negotiable
Financial planning fees: $300/hour for David R. Kenerson, Jr.; $200/hour for D. Ryder Kenerson, III; $90/hour for Administrative Assistant
Account minimum: $250,000 for individual accounts; $1 million for charitable foundation accounts Fee-only: Fee-only advisory services; no commissions or mark-ups on securities transactions; no 12b-1 fees received
Main office
409 Yarmouth Street
Norfolk VA 23510
Advisors at this office
2
Most active in
Virginia
Also doing business as
Virginia Global · Virginia Global Asset Management, 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.
Forms ADV
Quick links
Advisors at this firm
David K
Series 65
Norfolk, VA
Virginia Global Asset Management, LLC
David Kenerson III is a financial advisor at Virginia Global Asset Management, LLC, holding a Series 65 credential and beginning his advisory career in 2025. Prior to joining the advisory field, he spent 17 years at Hanover Research. Virginia Global Asset Management is a small firm with two advisors that manages discretionary and non-discretionary portfolios, financial planning, and trust and retirement services for individual and institutional clients. The firm employs a combination of top-down macro analysis and bottom-up fundamental research with a contrarian approach, focusing on concentrated sector exposure and multi-year holding periods.
David K
CFA®, Series 63, Series 65
Norfolk, VA
Virginia Global Asset Management, LLC
David Kenerson Jr. is a CFA charterholder with 22 years of industry experience. He has been with Virginia Global Asset Management, LLC since 2006. Outside of his advisory work, Mr. Kenerson is actively involved with several nonprofit organizations, including serving as Chair of the Edmarc Foundation and holding leadership roles with The Hospice for Children, Norfolk State University Foundation, The Samaritan House Foundation, and Scenic Virginia. Virginia Global Asset Management is a two-advisor firm that provides discretionary and non-discretionary portfolio management, financial planning, and trust and retirement account services. The firm serves both individual and institutional clients and employs an investment approach combining top-down macro analysis with bottom-up fundamental research and a contrarian orientation.
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