# Colonial River Wealth Management LLC

> 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.

- CRD: 284839
- Filed as: COLONIAL RIVER WEALTH MANAGEMENT LLC
- Legal name: Colonial River Investments, LLC
- Also doing business as: BURLESON FINANCIAL STRATEGIES, INC., COLONIAL RIVER WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Midlothian, VA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284839
- AdvisorCensus page: https://advisorcensus.com/firm/colonial-river-wealth-management-llc-midlothian-va-284839

## Quick answers

**How is Colonial River Wealth Management LLC compensated?**
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). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Colonial River Wealth Management LLC located?**
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).

**Is Colonial River Wealth Management LLC registered with the SEC or a state?**
Colonial River Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 284839.

**How much does Colonial River Wealth Management LLC manage?**
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).

**How have Colonial River Wealth Management LLC's assets and staff changed since 2021?**
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.

**What types of clients does Colonial River Wealth Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,624); high net worth individuals (174).

**Which custodians does Colonial River Wealth Management LLC use?**
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.

**Does Colonial River Wealth Management LLC report any disciplinary disclosures?**
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

**What changed in Colonial River Wealth Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $339,836,345 to $464,365,160 (+37%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- LPL Financial LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $464,365,160
- Discretionary: $464,365,160
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,624 | $149,135,525 |
| High net worth individuals | 174 | $314,835,708 |
| Charitable organizations | Fewer than 5 | $393,927 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 21 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, FL, GA, LA, MD, NC, NE, NH, NJ, NY, PA, SC, TN, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Fredericksburg, VA
- Newport News, VA
- Williamsburg, VA

### Websites listed on Form ADV (Item 1.I)
- colonialriver.com
- Facebook @COLONIALRIVERWEALTHMANAGEMENT
- LinkedIn @colonialriver
- LinkedIn @devin-garofalo-aif-270b2b4
- X @ColonialRiverVA
- YouTube @UCmxZYPmsf9EhvyqseZAZOyQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $293,628,615 | 20 | October 1, 2021 |
| October 2022 | $484,029,067 | 23 | September 28, 2022 |
| October 2023 | $586,479,160 | 21 | September 29, 2023 |
| October 2024 | $274,599,256 | 16 | March 4, 2024 |
| October 2025 | $339,836,345 | 16 | April 24, 2025 |
| October 2026 | $464,365,160 | 21 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $339,836,345 to $464,365,160 (+37%).

### February 2026
- Registered or notice-filed in PA, TN, UT, WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Colonial River Wealth Management LLC (CRD 284839): Form ADV filing data as of October 2026.