Verus Financial Partners provides investment advice and, when requested, financial planning, consulting, and tax planning/preparation services. They manage investments on a discretionary, fee-only basis, with fees based on a percentage of assets managed. Verus recommends Charles Schwab & Co. as custodian. Clients are responsible for notifying Verus of any changes to their financial situation or investment objectives.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.5M | 1.00% |
| $2.5M - $4.0M | 0.85% |
| $4.0M - $5.5M | 0.75% |
| $5.5M - $7.0M | 0.70% |
| $7.0M - $8.5M | 0.65% |
| $8.5M - $10.0M | 0.60% |
| $10M+ | 0.55% |
Verus may charge a lesser or greater investment advisory fee, charge a flat fee, waive its fee entirely, or charge fee on a different interval, based upon certain criteria. If a client that engaged Verus's service subsequent to July 1, 2021 who maintains less than $1 million in assets under Verus's management, the client will pay a higher percentage advisory fee than the 1.00% reflected in the above fee schedule.