Versant Capital Management, Inc. (Phoenix)

Name: Versant Capital Management, Inc.
Address: 2394 East Camelback Road, Phoenix, AZ, 85016 9260
Telephone: 602-635-3760

Versant Capital Management, Inc. is a large advisory firm based in Phoenix. It manages $871.19 million of regulatory assets for 1,359 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Illinois, and 6 other states.

Versant Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Versant Capital Management: assets under management

The assets under management (AUM) of Versant Capital Management, Inc. is $871.19 million. The firm's AUM has grown by 744% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $833.82 million in discretionary accounts and $37.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $656.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $424.75 thousand.

Versant Capital Management has custody of $409.88 million in cash and securities for 312 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Versant Capital Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Versant Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Versant Capital Management is high net worth individuals with 184 clients and $572.84 million of assets under management. Among the 11 most similar advisory firms, Versant Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $871.19 million for 456 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Versant Capital Management doesn't advise any private funds.

Careers at Versant Capital Management, Inc.

The company employs 15 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Joseph Connelly	President, chief investment officer, chief compliance officer	1 Mar 2004	Other	1487206
Elizabeth Mollie Shabaker	Chief operating officer and senior investment counselor	1 Apr 2012	Other	2925556
Beth Ann Pragliola	Chief compliance officer	1 Apr 2012	Other	3222242
The Connelly Family Trust U/A Dtd 02/01/1994	Shareholder	1 Jul 2013	75% - 100%	xxx-xx-xxxx
Elizabeth M. Shabaker Revocable Trust U/A Dtd 07/19/2013	Shareholder	1 Jul 2013	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Joseph Connelly	Trustee	1 Feb 1994	75% - 100%	1487206
Shauna Vooris Connelly	Trustee	1 Feb 1994	75% - 100%	6245984
Elizabeth Mollie Shabaker	Trustee	1 Jul 2013	75% - 100%	2925556

Based in Phoenix

The principal office where Versant Capital Management, Inc. performs its advisory services is located at 2394 East Camelback Road, Phoenix, AZ 85016 9260, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 602-635-3760 or by fax 602-926-2633. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at versantcm.com.