VERITY Wealth Advisors offers investment management, financial consulting, and tracks private investments. They tailor investment plans based on the client's financial situation, risk tolerance, and return needs. VERITY primarily uses index or index-like securities but may use actively-managed funds. They monitor portfolios quarterly and rebalance as needed. VERITY provides services primarily to high-net-worth and non-high-net-worth individuals, but also works with retirement plans and trusts.
Fee Structure
VERITY Wealth Advisors' fees for full wealth management services are based on the amount of assets managed. The fees are:
- $1,666,667 and below: $10,000
- $1,666,667 to $5,000,000: $10,000 plus 0.60% of assets managed over $1,666,667
- $5,000,000 to $20,000,000: $30,000 plus 0.20% of assets managed over $5,000,000
- Above $20,000,000: $60,000 plus 0.15% of assets managed over $20,000,000
Investment management only services are generally available to clients with managed assets above $5 million, and fees are negotiated on a case-by-case basis, ranging between 0.15% and 0.50%. A limited number of clients have engaged VERITY on a flat dollar fee basis.