Best of C-Ville 2021 awards determined by C-Ville Weekly during the voting period of June 16, 2021 through July 12, 2021. No fee was paid in exchange for this award and it is not indicative of future performance, is not an endorsement, and may not be representative of individual client’s experience.
About
Old Dominion Capital Management (ODCM), based in Charlottesville, Virginia – also with an office in Arlington -- is a boutique wealth management firm, founded in 1989, that offers a full suite of financial planning and investment services.
Why Old Dominion Capital Management?
Clients First
ODCM’s Certified Financial Planners™ (CFP®s) are nimble and responsive. While we have access to Wall Street resources and partner with Charles Schwab, we’re still small enough to develop long-term personal relationships with our clients. We take the time to get to know our clients so we can develop tailored plans that meet their retirement and investment goals.
We’ll help you stay on top of all aspects of your financial planning, make adjustments to your plan as the markets, your priorities and circumstances change to ensure you are on course to achieve your goals. And we will coordinate with other professionals within your network -- such as CPAs, attorneys, mortgage brokers, and insurance agents – to keep you on track and quickly and efficiently resolve any issues that may arise. As a fiduciary, we are held to the highest possible legal standards, which means we’ll never suggest financial products you may not need –nor do we receive any compensation for client referrals.
Teamwork
We use a team-based approach to ensure that every client has access to all areas of expertise available. Although each client has a dedicated advisor who manages his/her account and serves as his/her primary point of contact, all ODCM advisors work together to leverage the experience of the entire team.
Commitment
Making important life decisions shouldn’t be done alone. We’re here to help and give you the peace of mind that comes with knowing your financial matters are in good hands.
Pro Bono Financial Planning Services
We’ve partnered with the Foundation for Financial Planning to offer free financial advice and planning for those who qualify. Their programs include one-on-one interactions or small, interactive workshop settings to help those who may not be able to afford financial and/or retirement planning services. Visit their website to learn more: https://ffpprobono.org/ or https://www.financialplanningassociation.org/advocacy/pro-bono-program
Core Values and Philosophy
Excellence I Integrity I Authenticity I Respect
We believe your portfolio must not only consider your current financial situation and long-term goals, but also the unique circumstances in your life. We work with individuals and families to design and manage customized financial portfolios with the goal of maximizing their probability for success.
Our clients’ financial questions most commonly center around retirement planning, including how to prepare for retirement and then what decisions will need to made once that milestone is achieved. However, there is so much more to understand about financial planning. Online financial calculators often oversimplify or overcomplicate situations and may give widely different results using the same information. At ODCM, we know that everyone’s circumstances and aspirations are different. We create a personalized financial plan unique to each client.
How much should you save and invest?
What risk level should you take on?
When and how should you take Social Security benefits, pensions, annuities or 401(k) or IRA funds?
How do you sign up for Medicare?
Which supplemental insurance is the right choice?
Planning for retirement, regardless of where you are in the process, can often be an overwhelming task. We can help make sure you are on the right track to success and answer any and all questions you may have.
If you haven’t already, it’s never too early to start planning for retirement. If you have, maybe you need to make adjustments. The financial decisions made today can have a dramatic impact on your financial future. Your retirement plan is something you can’t afford to get wrong.
Let us help.
It's All About You
Regardless of where you are in your retirement journey, we can help make sure you are on the right track.
Our clients’ financial questions most commonly center around retirement planning, including preparing to get there and making decisions once that milestone is achieved. Online financial calculators often oversimplify or overcomplicate situations and often give widely different results to the same information. At Old Dominion Capital Management, we create a personalized financial plan unique to each client.
Those approaching retirement are faced with a host of decisions – when and how to take Social Security benefits, pensions, annuities and 401(k)s, how to sign up for Medicare, what kind of supplemental insurance to choose, where to live, what to do and so on. As your partner, we can help with those decisions, all of which can have a tremendous impact on your happiness in retirement.
Other decisions can be just as daunting for those who are only thinking about retirement “someday”. Things such as how much to save, how to invest, what the potential risks are, what is the backup plan if forced into retirement sooner than expected and so on. It’s never too early to start planning for retirement. The financial decisions made today can have a dramatic impact on your financial future.
Those who have already retired need to evaluate how to continue funding their retirement. More decisions, like: Does it make sense to take money from an IRA now, or wait until age 72? Can I afford to make gifts to my children? Can I afford to make charitable gifts? What is the most tax-efficient way to do that? Should I do a Roth Conversion? How can I minimize my income tax liability? We can help simplify these decisions to ensure their families are provided for regardless of what happens to them.
Financial and Retirement Planning Our retirement planning process helps connect your investments with your real-life aspirations. We provide financial guidance individually tailored to each and every one of your goals – not the financial markets. Our approach puts your priorities first and takes...
Investment Management We are long-term fundamental investors. We concentrate on helping clients meet their long-term objectives and believe this is most reliably done over a several-year time horizon by owning high quality investments in broadly diversified asset classes. Using a mix of individual...
A:The first step is to talk with one of our investment professionals to determine whether we are a good fit for one another. Once we agree that we can work effectively as a team, we will guide you through the steps to getting your financial matters in order and working toward meeting your life goals.
A: Particularly in these times of very low interest rates, few people have the ability to generate the investment income that they need from dividends and interest alone. Because the goal of generating adequate income must be balanced with the goals of offsetting future inflation, earning a high investment return, and protecting the portfolio value from both rising interest rates (falling bond prices) and falling interest rates (falling income), we take a “total return” approach to income generation. Using a very broad range of investment asset classes, we arrange for regular income distributions, replenishing the portfolio cash from dividend income, interest income, and realized capital appreciation.
A: It is important to employ an investment strategy that offers the opportunity for reasonable investment returns while reducing the possibility of disastrous investment results. The appropriate balance of risk and expected return differs according to each client’s specific circumstances. It is also critical to set sustainable spending targets and to regularly revisit the assumptions and unfolding realities that underlie those targets. That is why we create a lifetime spending plan for each client and keep it up to date.
A: We generally charge a minimum fee of $6,000 per year, which would be the standard fee on a $600,000 account. In certain circumstances we are willing to aggregate various family accounts to make this minimum easier to attain.
A: Clients are generally charged based on assets under management (AUM). With a minimum fee of $6,000 per year, clients are charged 1% of AUM for the first $2,000,000, 0.8% for the next $3,000,000, and 0.6% for AUM over $5,000,000.
A: We insist on offering professional and unbiased advice to our clients. As fee-only advisors, we are paid a percentage of assets under management and receive no commissions or mark-ups on transactions. We are rewarded for maximizing our clients’ assets, and our no-commission structure ensures that we are always working in the best interests of our clients.
A: Because we believe it is critical to making good financial decisions, we offer integrated financial planning services at no additional fee. These financial planning services work hand-in-hand with our diversified investment strategies. We work closely with accountants and attorneys to ensure that these advisors have the information they need to do the best job for our shared clients. We strive to be a central source of financial advice as we get to know our clients and develop long-term relationships.
A: We offer a full range of financial planning service and advice. This includes everything from retirement planning (both accumulation of assets for retirement and the sustainable distribution of retirement income), estate planning and wealth transfer, insurance and risk management, employee benefits, and charitable giving to advice on mortgage refinance, business transitions, trusteeship, and family financial dynamics.
A: At Old Dominion Capital Management, we believe investors benefit from being broadly diversified across many different asset classes, and we strive to increase this benefit by using some asset classes that are not closely correlated. We use broad diversification in an effort to provide high quality portfolios that combine lower degrees of volatility with reasonable long-term results.. Within this basic philosophy, we offer conservative growth, moderate growth, growth, and aggressive growth strategies according to each client’s desire for return and for risk avoidance. We also customize our investment solutions to account for individual circumstances.
A: We started our business in Charlottesville, Virginia in January of 1989 and now also has an office in Arlington, Virginia. Although our offices are located in the state of Virginia, we serve clients in over half the states in the U.S.
