Wealth manager, independent · Richmond, VA
Wealthcare Capital Management LLC
SEC-registered investment adviser · CRD 111119 · SEC 801-60183
At a glance
Wealthcare Capital Management LLC is an SEC-registered investment adviser based in Richmond, Virginia, with $3.9B in regulatory assets under management as of its Form ADV filed May 21, 2026. It reports 5,638 individual clients, 1,312 of them high-net-worth, holding an average of about $0.7 million each, and 54 employees. That ranks it 284th among the nation’s 5,657 independent wealth management RIAs and 7th of 151 in Virginia. It reports 2 custodians for its clients’ separately managed accounts: LPL Financial and Charles Schwab.
Main office 804-644-4711wealthcarecapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.9B
- Rank among independent wealth managers
- #284 of 5,657
- Rank among all SEC RIAs
- #2,437 of 17,210
- Rank in Virginia
- #7 of 151
- Individual clients
- 5,638
- High-net-worth clients
- 1,312
- Accounts
- 13,598
- Discretionary
- 99% of AUM
- Employees
- 54
- Advisory staff
- 35
- Offices
- 24
Owners and executives on its Form ADV
- Ronald E. MadeyChief Investment Officer
- Justin DuBruelerChief Financial Officer
- Matthew T. ReganPresident
- James J. KrauseChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Wealthcare Capital Management LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sammons Financial Network, LLC.
- Sammons Financial Network, LLC ↗CRD 158538
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,312 | $2.5B | 65% |
| Individuals | 4,326 | $1.2B | 30% |
| Pension and profit sharing plans | 28 | $148M | 4% |
| Corporations or other businesses | 11 | $30M | <1% |
| Charitable organizations | 14 | $19M | <1% |
Disciplinary disclosures
Wealthcare Capital Management LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗wealthcarecapital.com ↗
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The full record on Wealthcare Capital Management LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,056 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Virginia
All of Virginia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Heritage Wealth AdvisorsRichmond | $4.9B | 384 |
| The Ascent Group, LLCVirginia Beach | $4.8B | 4,177 |
| Spire Wealth Management, LLCMcLean | $4.5B | 6,151 |
| The Burney CompanyReston | $3.6B | 1,880 |
| Bogart Wealth, LLCMcLean | $3.2B | 1,442 |
| West Financial Services, Inc.McLean | $2.8B | 940 |
Background
Questions
How much does Wealthcare Capital Management LLC manage?
Wealthcare Capital Management LLC reports $3.9B in regulatory assets under management across 13,598 accounts, 99% of it on a discretionary basis, on its Form ADV filed May 21, 2026.
How many clients does Wealthcare Capital Management LLC have?
It reports 5,638 individual clients: 1,312 high-net-worth individuals and 4,326 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Wealthcare Capital Management LLC headquartered?
Its main office is in Richmond, Virginia. It reports 24 offices in total and 54 employees, 35 of whom perform investment advisory functions.
How does Wealthcare Capital Management LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Wealthcare Capital Management LLC use?
It reports 2 custodians for its clients’ separately managed accounts: LPL Financial and Charles Schwab. On Schedule D of its Form ADV filed May 21, 2026, it reports these amounts held: LPL Financial ($1.7B); Charles Schwab ($1.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Wealthcare Capital Management LLC a hybrid RIA with a broker-dealer?
Wealthcare Capital Management LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sammons Financial Network, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Wealthcare Capital Management LLC a fiduciary?
As an SEC-registered investment adviser, Wealthcare Capital Management LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Wealthcare Capital Management LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-21), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →