Verisail Partners, LLC (Chamblee)

Name: Verisail Partners, LLC
Address: 5256 Peachtree Road, Chamblee, GA, 30341
Telephone: 404-220-7662

Verisail Partners, LLC is a large advisory firm based in Chamblee. It manages $125.25 million of regulatory assets for 766 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Georgia and Texas.

Verisail Partners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Verisail Partners: assets under management

The assets under management (AUM) of Verisail Partners, LLC is $125.25 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.86 million in discretionary accounts and $2.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $161.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $397.33 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verisail Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Verisail Partners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Verisail Partners is high net worth individuals with 43 clients and $70.41 million of assets under management. Among the 8 most similar advisory firms, Verisail Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.25 million for 234 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.

Verisail Partners doesn't advise any private funds.

Careers at Verisail Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Thaddeus Josiah Gilliam	Cco	1 Mar 2010	Other	5502291
Llc T Storm Enterprises	Member	1 Jan 2016	25% - 50%	810751363
Llc Falcon Enterprises	Member	1 Jan 2016	25% - 50%	810751330
Llc Tatonka Enterprises	Member	1 Jan 2016	25% - 50%	810821986

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Scott Richard Voigt	Shareholder	1 Jan 2016	75% - 100%	4993282
Thaddeus Josiah Gilliam	Shareholder	1 Jan 2016	75% - 100%	5502291
Taylor Thomas Stanfill	Shareholder	1 Jan 2016	75% - 100%	5865559

Based in Chamblee

The principal office where Verisail Partners, LLC performs its advisory services is located at 5256 Peachtree Road, Chamblee, GA 30341, 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 404-220-7662 or by fax 404-220-7667. The normal business hours are 9:00-4:00 on Monday - Friday. You can find more information about the New York firm at twitter.com/verisail.