Veteri Place Corporation provides investment advisory services to sponsored and non-sponsored private funds. These services are offered indirectly to high-net-worth individuals, trusts, individual retirement accounts, and institutional investors including foundations. Veteri seeks to maximize capital appreciation through investments in inefficiently priced stocks, primarily focusing on thrifts and banks.
Fee Structure
Veteri charges a quarterly management fee, calculated as an annual rate ranging from 1% to 3%, subject to negotiation. The fee is based on the value of the assets in the client's account at the end of each quarter and is typically debited directly from the account. Veteri also charges an annual performance-based fee, subject to negotiation, calculated at 20% of the net profits allocated to a client's capital account, subject to a high-water mark.