# Eric Scruggs

> Eric Scruggs is a fee-only financial advisor at Covenant Wealth Advisors in Richmond, Virginia, who holds the CFP credential. Eric charges a percentage of assets (a $1,000,000 asset minimum) and focuses on retirement planning, tax planning and estate & legacy planning.

Page: https://find.wellspent.co/advisors/eric-scruggs-6082402/
Built from SEC adviser records and the firm's website; last checked October 30, 2026.

## Facts

- **Firm:** Covenant Wealth Advisors
- **Based in:** Richmond, Virginia
- **Fee model:** Percentage of assets
- **Fees (firm's website):** a $1,000,000 asset minimum
- **Works virtually:** Yes (firm's website)
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $909.6M across 1,890 accounts
- **Credentials:** CFP
- **Specialties:** Retirement planning, Tax planning, Estate & legacy planning
- **Works with:** Retirees, Pre-retirees
- **CRD:** 6082402 (https://adviserinfo.sec.gov/individual/summary/6082402)
- **SEC registration:** Investment adviser representative in MA
- **Exams passed:** Series 66 (2012)
- **Firm size:** 12 employees
- **Disclosures:** None reported
- **Website:** http://www.covenantwealthadvisors.com

## Frequently asked questions

### Is Eric Scruggs a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Eric holds no broker registration, and Covenant Wealth Advisors reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Eric charge for financial advice?

Eric charges a percentage of assets.

### How much does Eric charge?

According to Covenant Wealth Advisors's website, checked October 30, 2026: a $1,000,000 asset minimum.

### Does Eric work with clients virtually?

Yes. Covenant Wealth Advisors says on its website that it works with clients remotely.

### Where is Eric Scruggs based?

Eric Scruggs is based in Richmond, Virginia.

### What does Eric specialize in?

Eric's specialties include retirement planning, tax planning and estate & legacy planning. Eric works with retirees and pre-retirees.

### What credentials does Eric Scruggs hold?

Eric Scruggs holds the CFP credential.

### Is Eric Scruggs registered with the SEC?

Yes. Eric Scruggs is registered as an investment adviser representative in MA (CRD 6082402), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Covenant Wealth Advisors manage?

Covenant Wealth Advisors reports $909.6M across 1,890 accounts in assets under management.

### How do I contact Eric Scruggs?

Through Eric's website, www.covenantwealthadvisors.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/6082402): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026
- The firm's website (https://www.covenantwealthadvisors.com/): specialties, clients served, and fees, checked October 30, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.