Verde Capital Management, Inc. (Clarkston)

Name: Verde Capital Management, Inc.
Address: 8031 Ortonville Road, Clarkston, MI, 48348
Telephone: 248-528-1870

Verde Capital Management, Inc. is a large advisory firm based in Clarkston. It manages $234.15 million of regulatory assets for 3,564 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Colorado, Florida, and 4 other states.

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

Verde Capital Management: assets under management

The assets under management (AUM) of Verde Capital Management, Inc. is $234.15 million. The firm's AUM has grown by 566% since the beginning of its operation, and $590 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $212.53 million in discretionary accounts and $21.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $64.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $74.03 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verde Capital Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Verde Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Verde Capital Management is individuals with 374 clients and $114.67 million of assets under management. Among the 10 most similar advisory firms, Verde Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $234.15 million for 443 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.

Verde Capital Management doesn't advise any private funds.

Careers at Verde Capital Management, Inc.

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
William John Loomans	President and chief compliance officer	1 Apr 2008	75% - 100%	5524461
Carl Szasz	President and chief compliance officer	1 Jun 2008	75% - 100%	4698089

Based in Clarkston

The principal office where Verde Capital Management, Inc. performs its advisory services is located at 8031 Ortonville Road, Clarkston, MI 48348, 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 248-528-1870 or by fax 248-528-1744. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at verdecm.com/.