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CFP
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CFP

Devang Patel

Virtus Wealth Solutions
23 Years of Experience
Cranford, NJ
Sells Insurance
View SEC Summary
View SEC Summary

Devang Patel is a CFP-designated registered investment advisor at Virtus Wealth Solutions, based in Cranford, NJ, with 23 years of industry experience. Devang operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 325 clients with $590M in assets under management.

Virtus Wealth Solutions
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3 advisors
Number of Clients
325 clients
Average Client Portfolio
$1.8M average
Assets Under Management
$594.9M

Fee Structure

Minimum Investment:$1M
Planning is included in investment management (also available separately)
Minimum Annual Fee:$600
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Maximum allowable annual management fees are up to 2.00% for PPS Custom, up to 3.00% total for PPS Select and PPS Direct programs combined, 0.25% for American Funds, and up to 1.90% for LPL accounts. Fees are negotiable.

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

Location

517 Centennial Avenue, Suite 200, Cranford, NJ, 07016

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Devang is an agent selling fixed insurance under 'Innovative Financial Solutions' and a co-owner of First Financial Resources, LLC, an insurance sales producers group. He also has ownership stakes in film production (Chyna Project Partners) and aircraft-related entities (Falcon 900 LLC and Carnegie Air, LLC).

Employment History
Current Registrations
Virtus Wealth Solutions
September 2024 - Present · 2 yrs 1 mo
Previous Registrations
Commonwealth Financial Network
July 2020 - October 2024 · 4 yrs 3 mos
Commonwealth Financial NetworkBroker
July 2020 - October 2024 · 4 yrs 3 mos
Ifs Planning Strategies, LLC
March 2017 - August 2018 · 1 yr 5 mos
MML Investors Services, LLCBroker
March 2017 - July 2020 · 3 yrs 4 mos
MML Investors Services, LLC
March 2017 - July 2020 · 3 yrs 4 mos
Msi Financial Services, INC.
June 2003 - March 2017 · 13 yrs 9 mos
Msi Financial Services, INC.Broker
October 2002 - March 2017 · 14 yrs 5 mos
Metropolitan Life Insurance CompanyBroker
October 2002 - July 2007 · 4 yrs 9 mos
State Registrations3 states
MDNJTX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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