{
  "crd_number": 284839,
  "slug": "colonial-river-wealth-management-llc-midlothian-va-284839",
  "primary_business_name": "COLONIAL RIVER WEALTH MANAGEMENT LLC",
  "legal_name": "COLONIAL RIVER INVESTMENTS, LLC",
  "dbas": [
    "BURLESON FINANCIAL STRATEGIES, INC.",
    "COLONIAL RIVER WEALTH MANAGEMENT, LLC"
  ],
  "city": "Midlothian",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "40060",
  "metro": {
    "cbsa_code": "40060",
    "common_name": "Richmond",
    "msa_name": "Richmond, VA",
    "path": "/advisors/va/richmond"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-05-14",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 464365160.0,
  "raum_discretionary": 464365160.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 21,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 393927.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 149135525.0,
      "count": 1624
    },
    "high_net_worth_individuals": {
      "raum": 314835708.0,
      "count": 174
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "LA",
    "MD",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "PA",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA"
  ],
  "websites": [
    "https://colonialriver.com",
    "https://facebook.com/COLONIALRIVERWEALTHMANAGEMENT",
    "https://linkedin.com/company/colonialriver",
    "https://linkedin.com/in/devin-garofalo-aif-270b2b4",
    "https://twitter.com/ColonialRiverVA",
    "https://youtube.com/channel/UCmxZYPmsf9EhvyqseZAZOyQ/videos"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/284839",
  "city_as_filed": "MIDLOTHIAN",
  "url": "https://advisorcensus.com/firm/colonial-river-wealth-management-llc-midlothian-va-284839",
  "display_name": "Colonial River Wealth Management LLC",
  "summary": "Colonial River Wealth Management LLC is an SEC-registered investment advisory firm in Midlothian, VA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Colonial River Wealth Management LLC (CRD 284839): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Colonial River Wealth Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Colonial River Wealth Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Colonial River Wealth Management LLC located?",
      "a": "Colonial River Wealth Management LLC's principal office is in Midlothian, VA, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Colonial River Wealth Management LLC registered with the SEC or a state?",
      "a": "Colonial River Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 284839."
    },
    {
      "q": "How much does Colonial River Wealth Management LLC manage?",
      "a": "Colonial River Wealth Management LLC reports $464,365,160 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Colonial River Wealth Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Colonial River Wealth Management LLC: Regulatory assets under management: $293,628,615 in the October 2021 data and $464,365,160 in the October 2026 data, up 58%. Total employees: 20 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Colonial River Wealth Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,624); high net worth individuals (174)."
    },
    {
      "q": "Which custodians does Colonial River Wealth Management LLC use?",
      "a": "Colonial River Wealth Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Colonial River Wealth Management LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284839"
    },
    {
      "q": "What changed in Colonial River Wealth Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $339,836,345 to $464,365,160 (+37%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 293628615.0,
      "total_employees": 20,
      "filing_date": "2021-10-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 484029067.0,
      "total_employees": 23,
      "filing_date": "2022-09-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 586479160.0,
      "total_employees": 21,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 274599256.0,
      "total_employees": 16,
      "filing_date": "2024-03-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 339836345.0,
      "total_employees": 16,
      "filing_date": "2025-04-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 464365160.0,
      "total_employees": 21,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $339,836,345 to $464,365,160 (+37%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Registered or notice-filed in PA, TN, UT, WA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/colonial-river-wealth-management-llc-midlothian-va-284839.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1624,
      "fewer_than_5": false,
      "raum": 149135525.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 174,
      "fewer_than_5": false,
      "raum": 314835708.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 393927.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/284839",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}