About Virginia Wealth Management Group
Virginia Wealth Management Group is a boutique, family-owned practice, managed by the father-son principals, Steve and Scott Saal.
The story goes back four decades, to when Steve joined Wheat First Securities in 1980. His approach was unique – Steve built his practice to serve a small group of families, which were personal friends. Most of his clients had a shared passion for golf, and many of those original families are clients of Virginia Wealth Management Group still today.
In 2006, Steve founded Virginia Wealth Management Group, which partnered with Wells Fargo Advisors as an independent practice for the next 15 years. This transition was an easy choice for Steve – He had worked for large financial firms for the previous 25 years, and he wanted to run an efficient business, focusing entirely on serving his clients and managing their financial affairs.
In 2011, Scott joined his dad, after graduating from William & Mary, where he double majored in Finance and Philosophy and attended on a golf scholarship. While a successful competitive golfer in college, Scott had a passion for business and finance. Despite some advice to the contrary, he joined Virginia Wealth Management Group immediately after graduation. Scott started in an administrative role, but within five years was an active partner in managing clients’ financial plans and investment portfolios. Additionally, in 2012, Scott completed post-graduate studies at Old Dominion University and passed the rigorous test to become a Certified Financial Planner™. For Scott, continued education is imperative, and he brings a highly analytical personality and in-depth investment, tax, and estate planning experience to clients.*
Early in 2021, Virginia Wealth Management Group became an independent Registered Investment Adviser. While the growth of the business over the last decade made this possible, the reasoning was two-fold:
- First, as an RIA, the practice is completely aligned with its clients. Both in a legal and ethical capacity, RIAs and their representatives are fiduciaries, with a total obligation to put clients’ interests before their own.
- Second, the practice enjoys much more flexibility to serve clients’ growing needs. This includes a variety of services related to tax, estate, and trust planning.* Trusted advisers must address all these areas in providing the most prudent investment and financial advice.
There are few decisions as important as who you trust to help you oversee your family’s finances. Consequently, mutual trust remains a founding principle of Virginia Wealth Management Group. The team brings a mix of experience, education, and high-touch service to each client relationship..
Our primary goal is to develop relationships with our clients, which are established on mutual trust. Clients entrust us with their life savings and legacies. This is a responsibility we do not take lightly. Trust is a necessary cornerstone of every client relationship. Client confidence in our team’s approach is earned through a personal service that connects prudent investment planning, asset allocation, and risk management strategies with their financial objectives. We strive to forge lifelong relationships by helping to preserve and grow client wealth and by acting as trusted advisers during significant life-changing events.