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Patrick Chitwood

Arkadios Wealth Advisors
47 Years of Experience
Waterford, VA
1 Disclosure
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Patrick Chitwood is a ChFC-designated registered investment advisor at Arkadios Wealth Advisors, based in Waterford, VA, with 47 years of industry experience. Patrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Estate Planning, High Net Worth, and 3 more. Their firm serves 14,886 clients with $8.8B in assets under management.

Arkadios Wealth Advisors
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
225 advisors
Number of Clients
14,886 clients
Average Client Portfolio
$590K average
Assets Under Management
$8.8B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Minimum Annual Fee:$125
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.00%
$250K - $500K1.75%
$500K+1.50%

Rates reflect maximum annual fees for Crest Accounts. Third-party manager accounts have a separate schedule ranging up to 2.25%. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Waterford, VA

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
March 2022
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Patrick is the owner of Chitwood Advisory Group, a wealth management firm, since 2001. He is also the owner/advisor of Chitwood Wealth Management since 2021; both activities take about 10-20% of Patrick's time.

Employment History
Current Registrations
Arkadios Wealth Advisors
October 2024 - Present · 2 yrs
Previous Registrations
Osaic Wealth, INC.Broker
August 2024 - October 2024 · 2 mos
Osaic Advisory Services, LLC
November 2021 - October 2024 · 2 yrs 11 mos
Triad Advisors LLCBroker
November 2021 - August 2024 · 2 yrs 9 mos
Arkadios CapitalBroker
February 2017 - November 2021 · 4 yrs 9 mos
Triad Advisors, INC.Broker
September 2011 - March 2017 · 5 yrs 6 mos
Acg Wealth INC.
September 2011 - November 2021 · 10 yrs 2 mos
Chitwood Advisory Group
April 2011 - November 2011 · 7 mos
Chitwood-Lindberg Wealth Management
July 2009 - July 2011 · 2 yrs
Proequities, INC.Broker
March 2008 - October 2011 · 3 yrs 7 mos
Triad Advisors, INC.Broker
November 2003 - March 2008 · 4 yrs 4 mos
Chitwood Advisory Group
July 1991 - September 2009 · 18 yrs 2 mos
Royal Alliance Associates, INC.Broker
November 1989 - November 2003 · 14 yrs
Integrated Resources Equity CorporationBroker
June 1988 - November 1989 · 1 yr 5 mos
The Robinson-Humphrey Company INC.Broker
November 1985 - July 1988 · 2 yrs 8 mos
Wheat, First Securities, INC.Broker
January 1983 - November 1985 · 2 yrs 10 mos
Robinson-Humphrey/american Express INC.Broker
August 1982 - November 1982 · 3 mos
Shearson Lehman Brothers INC.Broker
November 1981 - December 1985 · 4 yrs 1 mo
Paine, Webber, Jackson & Curtis INC.Broker
January 1980 - November 1981 · 1 yr 10 mos
Paine, Webber, Jackson & Curtis IncorporatedBroker
September 1979 - January 1980 · 4 mos
State Registrations2 states
TXVA
Advisor

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Exams
No exam information available for this advisor.
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