Verus Financial Partners, Inc. is a large advisory firm based in Richmond. It manages $656.05 million of regulatory assets for 2,018 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Maryland, Nebraska, and 5 other states.
Verus Financial Partners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Verus Financial Partners, Inc. is $656.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 89% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Verus Financial Partners, Inc. 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of David Alexander Kozlowski is high net worth individuals with 278 clients and $525.58 million of assets under management. Among the 6 most similar advisory firms, Verus Financial Partners has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $656.05 million for 708 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.
Verus Financial Partners doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 10 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.
David Alexander Kozlowski has been acting as President since 1 Jan 2010. James Manny Shepherd joined the executive team most recently as the Sr. Vice President, Chairman.
The principal office where Verus Financial Partners, Inc. performs its advisory services is located at 9030 Stony Point Parkway, Richmond, VA 23235, which is also the mailing address of the firm. An additional office of the firm is in Marion, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-592-3465 or by fax 804-592-3484. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at verusfp.com.